Urban Housing Solutions Inc
- Assets
- $85.1m
- Revenue
- $13.0m
- Investments
- $0.0
- Employees
- 43
- Location
- Nashville, TN
- Founding
- 09/1992
- Data as of
- 12/2021
- 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 12/2021, Urban Housing Solutions Inc employed 43 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 12/2021, Urban Housing Solutions Inc generated $13.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $9.4m during the year ending 12/2021. While expenses have increased by 6.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
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 |
|---|---|---|---|
Brent Elrod Managing Director | 40 | $125,200 | |
Laura Ward Director Of Finance | 40 | $101,565 | |
Chris Mayfield Board Chair | OfficerTrustee | 3 | $0 |
John Gregory Board Chair | OfficerTrustee | 3 | $0 |
Kate Hyde Board Member | Trustee | 2 | $0 |
Michael Lewis Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
R3 Contractors Llc Construction | 12/30/21 | $370,955 |
Louis Lawlor Construction | 12/30/21 | $231,817 |
Southland Contractors Llc Construction | 12/30/21 | $7,135,790 |
M&m Carpet Cleaning Plus Cleaning | 12/30/21 | $234,497 |
Avenue Construction Construction | 12/30/21 | $400,762 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,101,450 |
| All other contributions, gifts, grants, and similar amounts not included above | $843,838 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,945,288 |
| Total Program Service Revenue | $10,235,528 |
| Investment income | $21,677 |
| 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 | $12,951,476 |
| 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. | $226,765 |
| Compensation of current officers, directors, key employees. | $10,853 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,844,835 |
| Pension plan accruals and contributions | $52,469 |
| Other employee benefits | $216,208 |
| Payroll taxes | $140,715 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $216,093 |
| 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 | $875,209 |
| Advertising and promotion | $18,348 |
| Office expenses | $53,260 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,160,617 |
| Travel | $35,681 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $29,347 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,692,376 |
| Insurance | $465,737 |
| All other expenses | $0 |
| Total functional expenses | $9,367,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,348,859 |
| Savings and temporary cash investments | $9,190,369 |
| Pledges and grants receivable | $261,862 |
| Accounts receivable, net | $229,502 |
| 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 | $77,296 |
| Net Land, buildings, and equipment | $57,623,363 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,379,536 |
| Total assets | $85,110,787 |
| Accounts payable and accrued expenses | $1,123,839 |
| 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 | $26,147,419 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,467,378 |
| Total liabilities | $34,738,636 |
| Net assets without donor restrictions | $50,372,151 |
| 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 | $85,110,787 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Urban Housing Solutions Inc has recieved totaling $189,439.
| Awarding Organization | Amount |
|---|---|
The West End Home Foundation Nashville, TN PURPOSE: TO FURTHER ONE OR MORE OF THE EXEMPT PURPOSES OF THE CHARITY | $62,223 |
Speer Foundation Brentwood, TN PURPOSE: OPERATING SUPPORT | $54,000 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING | $42,197 |
Jeanette Travis Foundation Nashville, TN PURPOSE: TO FURTHER EXEMPT PURPOSE OF ORGANIZATION | $20,000 |
Enchiridion Foundation Nashville, TN PURPOSE: GENERAL SUPPORT FOR OPERATIONS | $5,000 |
Dorothy Cate And Thomas F Frist Foundation Nashville, TN PURPOSE: GENERAL SUPPORT. | $2,500 |
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 |