Southeastern Housing Foundation Ii
- Assets
- $7.5m
- Revenue
- $970.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 01/2010
- Data as of
- 12/2021
- EIN
- 27-0266088
Organization Overview
Southeastern Housing Foundation Ii is located in Knoxville, TN. The organization was established in 2010. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Southeastern Housing Foundation Ii 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 12/2021, Southeastern Housing Foundation Ii generated $970.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $985.0k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SOUTHEASTERN HOUSING FOUNDATION (SHF) DEVELOPS, OWNS, AND MANAGES MULTI-FAMILY HOUSING FOR AT-RISK AND LOW-INCOME INDIVIDUALS/FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUTHEASTERN HOUSING FOUNDATION (SHF II) DEVELOPS, OWNS, AND OPERATES MULTI-FAMILY HOUSING FOR AT-RISK AND LOW-INCOME INDIVIDUALS/FAMILIES. IN 2011, SHF II DEVELOPED A 48 UNIT PERMANENT SUPPORTIVE HOUSING FACILITY, AND OPERATED A 24 UNIT AFFORDABLE HOUSING APARTMENT COMPLEX. IN 2013, SHF 11 PURCHASED A LOW-INCOME HOUSING APARTMENT COMPLEX WITH 36 UNITS OF AFFORDABLE HOUSING. IN 2015, SHF 11 PURCHASED A LOW-INCOME HOUSING APARTMENT COMPLEX IN DUNLAP, TN WITH 51 UNITS OF AFFORDABLE HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Petre Secretary | OfficerTrustee | 1 | $0 |
Christopher Martin President | OfficerTrustee | 3 | $0 |
Todd Harms Board Member | Trustee | 1 | $0 |
Greg Meadows Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $47,499 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $118,966 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,380 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,845 |
| Total Program Service Revenue | $772,550 |
| Investment income | $10,979 |
| 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 | $970,304 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $289,368 |
| Pension plan accruals and contributions | $4,763 |
| Other employee benefits | $24,668 |
| Payroll taxes | $17,542 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,798 |
| Fees for services: Accounting | $20,574 |
| 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 | $23,197 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,868 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,968 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $181,113 |
| Insurance | $56,177 |
| All other expenses | $0 |
| Total functional expenses | $984,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450,568 |
| Savings and temporary cash investments | $74,507 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,379 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,549,900 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $298,402 |
| Net Land, buildings, and equipment | $3,814,212 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $221,818 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,466,786 |
| Accounts payable and accrued expenses | $135,991 |
| 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 | $3,926,930 |
| Other liabilities | $0 |
| Total liabilities | $4,062,921 |
| Net assets without donor restrictions | $3,403,865 |
| Net assets with donor restrictions | $0 |
| 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 | $7,466,786 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southeastern Housing Foundation Ii has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
United Way Of Greater Knoxville Inc Knoxville, TN | | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Housing Partners Corporation Christiansburg, VA | $210,530,324 | $87,907,515 |
Skill Creations Inc Goldsboro, NC | $13,834,048 | $44,435,808 |
Habitat For Humanity International Inc Raleigh, NC | $48,704,094 | $32,190,331 |
Montage Living Charlotte, NC | $133,680,991 | $23,940,845 |
Ahc Inc Arlington, VA | $252,147,992 | $33,394,070 |
Habitat For Humanity International Inc Charlotte, NC | $71,967,554 | $27,686,341 |
Habitat For Humanity In Atlanta Inc Atlanta, GA | $81,551,003 | $20,263,546 |
North East Community Action Corporation Bowling Green, MO | $19,489,309 | $16,722,475 |
Big Canoe Property Owners Association Inc And Subsidiary Big Canoe, GA | $48,180,026 | $19,159,834 |
Shelter House Inc Reston, VA | $6,743,159 | $14,877,410 |
Alexandria Housing Development Corporation Alexandria, VA | $129,711,642 | $8,689,601 |
Habitat For Humanity Of Greater Nashville Nashville, TN | $71,491,096 | $16,513,254 |