Tennessee Housing Development Corporation

Organization Overview

Tennessee Housing Development Corporation is located in Jackson, TN. The organization was established in 1999. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Housing Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Tennessee Housing Development Corporation generated $517.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 66.2% each year . All expenses for the organization totaled $33.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TENNESSEE HOUSING DEVELOPMENT CORPORATION SEEKS RESOURCES TO CONTINUE TO DEVELOP AFFORDABLE HOUSING FOR LOW-INCOME CITIZENS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TENNESSEE HOUSING DEVELOPMENT CORPORATION SEEKS RESOURCES TO DEVELOP AFFORDABLE HOUSING FOR LOW-INCOME CITIZENS.


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Board, Officers & Key Employees

Name (title)Compensation
Jo Alred
Chairman
$0
Veronica Love
Member
$0
Mark Reid
Executive Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $400,000
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$400,000
Total Program Service Revenue$9,990
Investment income $107,582
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $517,572

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