THE HOUSING FUND INC

NASHVILLE, TN | Davidson County
Affordable Housing

Overview

THE HOUSING FUND INC
62-1632388
305 11TH AVE S
NASHVILLE, TN 37203
Davidson County
(615) 780-7000

mcrawford@thehousingfund.org
Mission Statement info

THE HOUSING FUND PROVIDES RESOURCES AND CREATIVE LEADERSHIP TO HELP INDIVIDUALS AND COMMUNITIES CREATE AND MAINTAIN AFFORDABLE AND HEALTHY PLACES IN WHICH LOW AND MODERATE INCOME PEOPLE LIVE.

Founded info
1996
Total Employees info
0
Total Volunteers info
0
CRA Category info
  • Affordable Housing
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
  • LIHTC Recipient
Targeted Clients info
  • Economically Disadvantaged
  • Family Services & Support
  • First-Time Homebuyers
  • General Public
  • Individuals Seeking Credit/Financial Counseling
  • Rural Residents
  • Small Businesses
Nonprofit Classification (NTEE Code) info
L20

L - Housing, Shelter

Housing Development, Construction & Management

Organizations that build, rehabilitate, manage and/or provide rental housing for low-income individuals and families, older adults and people with disabilities; or which make purchasable housing available to low or moderate income families by offering lower priced housing and/or affordable payment plans, by arranging for interest or mortgage subsidies or by involving eventual owners in the construction process (sweat equity). Use this code for organizations that provide housing services for a wide range of individuals or for those that offer housing options for low income tenants that are not specified below.

IRS Activity Codes info
994
Uncoded
381
Low and moderate income housing
-
Not reported
Standard Business Classification (NAICS Code) info
624229
Other Community Housing Services
Primary Focus info
Affordable Housing and Related Services

CRA Alignment

CRA Category info
Affordable Housing
Creation, rehabilitation, operation or preservation of affordable housing.
CRA Certification info
Has not applied.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
9/17/2013
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
Most Recent CDFI Award info
2013
$1,347,000
CDFI Financial Assistance
2010
$750,000
CDFI Financial Assistance
2008
$1,098,178
CDFI Financial Assistance
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info
Most Recent LIHTC Project info
LAUREL HOUSE APT
 
Nashville, TN
Amount info
$287,963
Project Year info
2003
Allocation Year info
2001
Total Units info
48
Low-Income Units info
48
Currently Monitored info
Not reported
Construction Type info
New Construction
Property Characteristics info
  • Qualified Census Tract
  • Nonprofit Sponsor
Special Programs & Financing info
  • None reported
Targeted Population info
  • Families

IRS Summary

Income
$1M
Revenue
$1M
Assets
$21.9M
Exempt Ruling Date info
1996-06
Deductibility Status info
Deductible
Tax Filing Year info
2018
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Central Organization
States Where Tax Return is Filed info
TN
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Nonprofit Location

Physical Address info
305 11TH AVE S
NASHVILLE, TN 37203
Davidson County
FIPS Geocoded Address info
34980
MSA/CBSA info
47
State info
037
County info
0195.00
Tract info
Upper
Income Level info
Core-Based Statistical Area info
Nashville-Davidson--Murfreesboro--Franklin, TN
Combined Statistical Area info
Nashville-Davidson--Murfreesboro, TN
Metropolitan Division info
Not located in an MD.
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info
Designated Distressed Census Tract info
Underserved Census Tract info

Market Data

Census Tract County
0195.00 Davidson County
Population
Total Population 5,701 684,017
Total Households 2,991 277,903
Income
Median Family Income (Census*) $98,304 $56,507
Median Family Income (2019 FFIEC) $73,100 N/A
Tract Income Percentage 147.95% N/A
Below Poverty Level 23.0% 16.4%
Unemployment Level 6.4% 4.6%
Housing
Total Housing Units 4,323 305,849
Total Owner-Occupied Units 21.1% 54.1%
Total Renter-Occupied Units 48.1% 45.9%
Total Vacant Units 30.8% 7.4%
* Census tract income based on 2019 Census estimated data; County income based on 2018 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

16
Total Voting Members
in Governing Body
info
16
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Marshall E Crawford Jr.
President & CEO
(615) 780-7000
Principal Officer info
Marshall E Crawford Jr.
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was created using data available from publicly available government and industry sources, our own research, and information provided directly the nonprofit organization. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.