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Tanasi Housing Development Corporation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 821340617 ✦ Cleveland, TN ✦ Designated as a 501(c)(3)

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Overview

What is Tanasi Housing Development Corporation?

Tanasi Housing Development Corporation is a nonprofit organization committed to promoting affordable housing for families with low to moderate income. Although the provided information is limited, we can infer that their primary mission revolves around this cause. Specifically, they aim to support this objective by providing necessary resources and opportunities for housing. The organization's exact activities or initiatives are not explicitly mentioned, but its focus on affordable housing is clear.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 67% (Two-Star out of Four Star Rating)

Tanasi Housing Development Corporation has received a Two-Star rating from Charity Navigator, indicating a moderate level of effectiveness in accountability and finance. The organization excels in having a fully independent board and a strong program expense ratio at 81.26%, suggesting a focus on its core mission. However, the overall score is heavily influenced by significant shortcomings in transparency and governance practices.

The organization has received full marks for its independent board composition and has reported no material diversion of assets. Nevertheless, it faces challenges due to the absence of critical financial documents and policies, such as financial statements, a conflict of interest policy, and a whistleblower policy. These deficiencies detract from the organization’s credibility and could raise concerns for potential donors regarding its governance.

While Tanasi Housing Development Corporation shows a commitment to its programs through a high program expense ratio, the lack of transparency in its financial practices and missing governance policies may hinder its ability to attract funding and support. To improve its standing, the organization should prioritize the development and publication of essential financial documents and governance policies to foster trust with stakeholders.


This AI summary has been generated from information found on Charity Navigator.

Is Tanasi Housing Development Corporation legitimate?

Tanasi Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tanasi Housing Development Corporation 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:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Tanasi Housing Development Corporation?

Tanasi Housing Development Corporation is committed to supporting affordable housing for low to moderate income families. Their mission is to contribute to this cause, ensuring that a decent living space is within reach for those who require financial assistance. By providing affordable housing solutions, they aim to contribute to the betterment of these families' lives. Their activities are centered around facilitating the availability and accessibility of affordable housing options.

Who is the CEO of Tanasi Housing Development Corporation?

Paul Dellinger is the Chairman of Tanasi Housing Development Corporation.

What is the revenue of Tanasi Housing Development Corporation?

Tanasi Housing Development Corporation's revenue in 2023 was $510,763.

Who are the executives of Tanasi Housing Development Corporation and what are their salaries?


Here are 7 key members and their salaries:


Sherronda Thompson (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Bohannon (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ed Lay (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Melton (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lamar Arp (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dee Burris (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul A Dellinger (Secretary/Treasurer)
  • Compensation: $0
  • Related: $146,434
  • Other: $19,036
Where can I find the form 990 for Tanasi Housing Development Corporation?

Tanasi Housing Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Tanasi Housing Development Corporation

Tanasi Housing Development Corporation is dedicated to providing affordable housing solutions for low to moderate income families. Their mission is centered around supporting the housing needs of this demographic, aiming to make housing a more accessible and attainable resource for them. By focusing on affordable housing, Tanasi Housing Development Corporation strives to contribute to the well-being and stability of these families, thereby fostering stronger communities.

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Impact




July, 2024

Tanasi Housing Development Corporation's impact is significant in the realm of supporting affordable housing for low to moderate-income families in Cleveland, TN. Through their dedicated efforts, they have played a crucial role in addressing the housing needs of disadvantaged families in the community. Their mission to provide affordable housing solutions has undoubtedly helped improve the living conditions of numerous individuals and families who would otherwise struggle to find suitable housing options. By focusing on this important issue, Tanasi Housing Development Corporation is making a tangible difference in the lives of those in need, contributing positively to the overall well-being of the community.




This information is meant to be a general summary of Tanasi Housing Development Corporation. 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.

Revenue
$510,763 (2023)
Expenses
$632 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $34,974
  • Program Service Revenue: $475,789
  • Gross Receipts: $510,763

Assets and Liabilities:

  • Total Assets: $1,862,879
  • Total Liabilities: $0
  • Net Assets: $1,862,879

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

DEVELOPER FEES

Revenue

$469,039

RENT

Revenue

$6,750

Organization Details

Founding Year

2017

Principal Officer

Paul Dellinger

Main Address

450 WALKER ST NE, CLEVELAND, TN, 373115364

NTEE Category

Code: L20 - Housing

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