Urban Housing Solutions Inc
- Assets
- $96.8m
- Revenue
- $15.6m
- Investments
- $0.0
- Employees
- 65
- Location
- Nashville, TN
- Founding
- 09/1992
- Data as of
- 12/2023
- EIN
- 62-1466422
Organization Overview
Urban Housing Solutions Inc is located in Nashville, TN. The organization was established in 1992. 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 12/2023, Urban Housing Solutions Inc employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Urban Housing Solutions Inc 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, Urban Housing Solutions Inc generated $15.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $14.3m during the year ending 12/2023. While expenses have increased by 10.2% per year over the past 9 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES AFFORDABLE RENTAL HOUSING AND SOCIAL SERVICES FOR LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES IN THE NASHVILLE AREA.
Describe the Organization's Program Activity:
RENTAL PROJECTS - THE ORGANIZATION PROVIDES AFFORDABLE HOUSING AND SOCIAL SERVICES FOR LOW TO MODERATE INCOME FAMILIES IN THE NASHVILLE AREA.
RESIDENT SUPPORT PROGRAMS - THE ORGANIZATION PROVIDES AFFORDABLE RENTAL HOUSING AND SOCIAL SERVICES TO MODERATE INCOME INDIVIDUALS AND FAMILIES IN THE NASHVILLE AREA, PRIMARILY THOSE WITH SPECIAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Jett Board Member | Trustee | 2 | $0 |
Kate Hyde Board Member | Trustee | 2 | $0 |
Michael Lewis Board Member | Trustee | 2 | $0 |
Katina Beard Board Member | Trustee | 2 | $0 |
Steve Harris Board Member | Trustee | 2 | $0 |
Kurt Schreiber Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rg Anderson Company Construction | 12/30/23 | $8,013,570 |
We O'neil Construction Company Of Tennes Construction | 12/30/23 | $971,878 |
Louis Lawlor L&l Specialty Designs Construction | 12/30/23 | $738,642 |
Special Security And Patrol Inc Security | 12/30/23 | $369,548 |
Bogle Roofing Construction | 12/30/23 | $312,529 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,824,112 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,548,124 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,372,236 |
| Total Program Service Revenue | $9,569,265 |
| Investment income | $419,146 |
| 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 | $15,603,580 |
| 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. | $243,902 |
| Compensation of current officers, directors, key employees. | $12,195 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,537,520 |
| Pension plan accruals and contributions | $118,403 |
| Other employee benefits | $306,089 |
| Payroll taxes | $192,315 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $210,174 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,740,204 |
| Advertising and promotion | $34,865 |
| Office expenses | $62,811 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,499,623 |
| Travel | $61,327 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,497,352 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,274,952 |
| Insurance | $728,485 |
| All other expenses | $0 |
| Total functional expenses | $14,250,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,621,408 |
| Savings and temporary cash investments | $8,067,385 |
| Pledges and grants receivable | $183,056 |
| Accounts receivable, net | $430,764 |
| 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 | $168,329 |
| Net Land, buildings, and equipment | $69,699,461 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,638,105 |
| Total assets | $96,808,508 |
| Accounts payable and accrued expenses | $1,150,465 |
| 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 | $30,025,858 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,088,401 |
| Total liabilities | $42,264,724 |
| Net assets without donor restrictions | $54,543,784 |
| 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 | $96,808,508 |