Tennessee Homeless Solutions
- Assets
- $271.4k
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 29
- Location
- Jackson, TN
- Founding
- 10/2007
- Data as of
- 06/2022
- 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 06/2022, Tennessee Homeless Solutions employed 29 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 06/2022, Tennessee Homeless Solutions generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.1% each year . All expenses for the organization totaled $3.0m during the year ending 06/2022. While expenses have increased by 24.8% per year over the past 7 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
2022
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
PREVENTION AND RAPID REHOUSING
COORDINATED SYSTEMS
SUPPORT CENTERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Mcdonald Executive Di | Officer | 40 | $75,540 |
Ken Thorne Chair | OfficerTrustee | 1 | $0 |
Debbie Todd Treasurer | OfficerTrustee | 1 | $0 |
Beth James Secretary | OfficerTrustee | 1 | $0 |
Ginger Powell Vice Chair | OfficerTrustee | 1 | $0 |
Christy Mcmahan Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,889,851 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,171 |
| Noncash contributions included in lines 1a–1f | $93,729 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,014,022 |
| Total Program Service Revenue | $34,729 |
| Investment income | $0 |
| 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 | $3,048,751 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,471,634 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,540 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $906,692 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $81,067 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,652 |
| 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 | $39,328 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,278 |
| Travel | $164,618 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,267 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,506 |
| Insurance | $10,774 |
| All other expenses | $19,246 |
| Total functional expenses | $2,987,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,448 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $212,295 |
| 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 | $57,667 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $271,410 |
| 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 | $72,721 |
| Total liabilities | $72,721 |
| Net assets without donor restrictions | $189,837 |
| Net assets with donor restrictions | $8,852 |
| 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 | $271,410 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Tennessee Homeless Solutions has recieved totaling $347,606.
| Awarding Organization | Amount |
|---|---|
West Tennessee Legal Services Incorporated Jackson, TN PURPOSE: SSVF | $337,033 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,328 |
Frontstream Global Fund Alexandria, VA PURPOSE: Use by the organization's general fund | $5,209 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $36 |
Endowment Analysis
| Beg. Balance | $2,300 |
| Net Contributions | $10,600 |
| Other Expense | $2,024 |
| Ending Balance | $10,876 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Urban Housing Solutions Inc Nashville, TN | $85,110,787 | $12,951,476 |
Habitat For Humanity Of Durham Inc Durham, NC | $20,924,990 | $12,200,420 |
Habitat For Humanity International Inc Knoxville, TN | $15,712,472 | $7,598,798 |
Habitat For Humanity Orange County Chapel Hill, NC | $18,236,653 | $8,810,630 |
Habitat For Humanity International Inc Aberdeen, NC | $11,746,937 | $8,636,266 |
Goodwin House Home And Community Based Services Alexandria, VA | $5,762,762 | $4,853,938 |
Our Towns Of North Mecklenburg - Iredell Habitat For Humanity Davidson, NC | $0 | $4,247,213 |
Holston Habitat For Humanity Inc Kingsport, TN | $5,229,003 | $4,636,648 |
Habitat For Humanity International Inc Independence, MO | $4,030,646 | $3,647,546 |
Habitat For Humanity International Inc Jackson, MS | $11,354,984 | $3,781,132 |
Habitat For Humanity International Inc Jonesboro, GA | $7,706,809 | $5,170,759 |
Tennessee Homeless Solutions Jackson, TN | $271,410 | $3,048,751 |