Overview
What is The Housing Fund?
The Housing Fund is a nonprofit organization situated in Madison, Tennessee. Their primary mission is to provide resources that aid in creating and preserving affordable and healthy living spaces for low- to moderate-income individuals and communities. In the fiscal year 2021, they initiated the Housing Resilience Fund to assist homeowners and later expanded it to help landlords to prevent property tax increases from impacting low- and moderate-income tenants. In its inaugural year, the fund supported 464 households in Davidson County with $279,758 in disbursements and committed additional funds for the next four years. As of FY22, the fund has supported 32 landlords and 593 individuals by offsetting property taxes on 332 rental units. The Housing Fund offers low-interest loans to individuals, families, and developers for acquiring, creating, and maintaining affordable and healthy homes and communities.
Official website here: www.thehousingfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Star rating)
The Housing Fund has received an 89% score from Charity Navigator, reflecting a strong emphasis on accountability and financial management. The charity's score is derived entirely from its Accountability & Finance rating, showcasing its commitment to transparency and responsible stewardship of resources. The organization excels in having a completely independent board and robust financial oversight practices.
Key strengths include a program expense ratio of 77.42%, indicating that a significant portion of its spending directly supports its mission. Additionally, the organization demonstrates excellent governance practices, with all board members being independent and no reported material diversions of assets. The presence of essential policies, such as conflict of interest and whistleblower protections, further enhances its credibility.
However, while the high rating is commendable, it is important for potential donors to consider additional qualitative aspects of the organization's impact and community engagement, which may not be reflected solely in financial metrics. Overall, The Housing Fund appears to be a well-managed nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Housing Fund?
100% of 10 reviewers on Facebook recommend The Housing Fund. Here is a summary of their reviews:
There is a strong positive sentiment towards the services offered, particularly highlighting the effectiveness of the online training provided. Users feel satisfied with the offerings and express appreciation for the assistance they receive. Overall, the organization appears to be fulfilling its mission and meeting the needs of those seeking guidance in housing matters.
This AI summary has been generated from reviews found on Facebook.
Is The Housing Fund legitimate?
The Housing Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Housing Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.thehousingfund.org
What is the mission statement of The Housing Fund?
The Housing Fund's mission is to provide resources and creative leadership, supporting low and moderate income individuals and communities in creating and maintaining affordable and healthy living spaces. They accomplish this by offering low-interest housing, development, and community development loans to individuals, families, and developers. These loans aid in acquiring, creating, and maintaining affordable and healthy homes and communities.
Official website here: www.thehousingfund.org
Who is the CEO of The Housing Fund?
Marshall E Crawford Jr is the Board Chair of The Housing Fund. The CEO's salary of The Housing Fund is $225,659 and their total compensation is $244,034.
Official website here: www.thehousingfund.org
What is the revenue of The Housing Fund?
The Housing Fund's revenue in 2022 was $5,575,693.
Official website here: www.thehousingfund.org
Who are the executives of The Housing Fund and what are their salaries?
Here are 20 key members and their salaries (The Housing Fund's CEO's salary is $225,659 and their total compensation is $244,034):
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- Compensation: $225,659
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- Other: $18,375
- Compensation: $137,276
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- Compensation: $103,397
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- Other: $23,460
- Compensation: $101,393
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- Other: $3,600
Official website here: www.thehousingfund.org
Where can I find the form 990 for The Housing Fund?
The Housing Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thehousingfund.org
Learn more at the official website: www.thehousingfund.org
Mission Statement of The Housing Fund
The Housing Fund is an organization committed to providing resources and innovative leadership to aid low and moderate income individuals and communities in creating and maintaining affordable and healthy living spaces. By offering low-interest housing, development, and community development loans to individuals, families, and developers, The Housing Fund assists in the acquisition, creation, and maintenance of affordable and healthy homes and communities. This nonprofit organization's mission is crucial in ensuring that individuals and communities have access to secure and healthy living environments, thereby contributing to improved overall quality of life.
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Impact
July, 2024
The Housing Fund's impact is significant in providing resources and creative leadership to help low and moderate-income individuals and communities create and maintain affordable and healthy places to live. Specifically, through initiatives like the Housing Resiliency Fund, they have been able to support hundreds of households in Davidson County, Nashville. By offsetting property tax increases for homeowners and landlords, The Housing Fund has helped preserve affordability for existing residents, ensuring that they can continue to reside in their homes and rentals. This support not only benefits the individuals and families directly assisted but also contributes to the overall stability and well-being of the community.
This information is meant to be a general summary of The Housing Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $25,091
- Program Service Revenue: $1,340,909
- Gross Receipts: $5,575,693
Assets and Liabilities:
- Total Assets: $39,854,411
- Total Liabilities: $25,171,095
- Net Assets: $14,683,316
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT LOANS INTE
Revenue
$581,174
SERVICE FEES & MISC
Revenue
$360,545
DOWNPAYMENT ASSISTANCE
Revenue
$302,954
RENTAL INCOME
Revenue
$83,853
FLOOD ASSISTANCE LOAN
Revenue
$12,383
Organization Details
Founding Year
1996
Phone
(615) 780-7000Principal Officer
Marshall E Crawford Jr
Main Address
PO BOX 657, MADISON, TN, 37116
Website
www.thehousingfund.orgNTEE Category
Code: L20 - Housing
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