Tennessee Homeless Solutions
- Assets
- $217.4k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 30
- Location
- Jackson, TN
- Founding
- 10/2007
- Data as of
- 06/2023
- EIN
- 76-0826850
Organization Overview
Tennessee Homeless Solutions is located in Jackson, TN. The organization was established in 2007. According to its NTEE Classification (L19) the organization is classified as: Support N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Tennessee Homeless Solutions employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Homeless Solutions 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 06/2023, Tennessee Homeless Solutions generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $1.8m during the year ending 06/2023. While expenses have increased by 13.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO REDUCE HOMELESSNESS AND IMPROVE FAMILY STABILITY BY INCREASING HOUSING RESOURCES, ADMINISTRATION OF HUD-MCKINNEY VENTO FUNDS, AND SUPPORT SERVICES THROUGH COLLABORATIVE EFFORTS WITH PARTNER ORGANIZATIONS, WHEN AVAILABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTIVE HOUSING
SUPPORT CENTERS
PREVENTION AND RAPID REHOUSING
COORDINATED SYSTEMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Mcdonald Executive Di | Officer | 40 | $68,440 |
Christy Mcmahan Board Member | Trustee | 1 | $0 |
Ken Thorne Chair | OfficerTrustee | 1 | $0 |
Debbie Todd Treasurer | OfficerTrustee | 1 | $0 |
Beth James Secretary | OfficerTrustee | 1 | $0 |
Laura Gilbert Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $10,231 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,327,632 |
| All other contributions, gifts, grants, and similar amounts not included above | $170,178 |
| Noncash contributions included in lines 1a–1f | $150,078 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,508,041 |
| Total Program Service Revenue | $143,857 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $51,686 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,795,411 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $472,131 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $68,440 |
| Compensation of current officers, directors, key employees. | $1,138 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $593,370 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $51,237 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $29,949 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,772 |
| Travel | $124,619 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,253 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,891 |
| Insurance | $20,908 |
| All other expenses | $60,114 |
| Total functional expenses | $1,814,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,604 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $113,172 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $15,959 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,699 |
| Total assets | $217,434 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,485 |
| Total liabilities | $37,485 |
| Net assets without donor restrictions | $169,891 |
| Net assets with donor restrictions | $10,058 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $217,434 |