Mdha Housing Trust Corporation

Nonprofit profile at a glance

EIN
581803918
IRS 990-EZ coverage
2009–2024
Forms available
Form 990 2018, Form 990-EZ 2024
Location
Nashville, TN, USA
Phone
6152528442
Rating
61
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$111,771
Expenses
$75,180
Assets
$268,399
Liabilities
$15

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • DR TROY WHITE (PRESIDENT)
  • CANDACE JAMISON (VICE PRESIDENT (AS OF 12/2024))

People named in this filing

  • DR TROY WHITE (PRESIDENT)
  • MELINDA HATFIELD (SECRETARY (THRU 12/2024))
  • CURTIS THOMAS (SECRETARY (AS OF 12/2024))

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To engage and assist in development of low and moderate income housing in nashville as an instrumentality of the mdha, a public housing agency with donations, grants, loans and other income.

What it reported doing in 2024

Old national bank: funding ($15,000) to purchase financial freedom and homebuyer education program supplies.

Operating model

Revenue model
Earned-program. 76% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 24
  • Transparency & Controls: 100
  • Sustainability: 81
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 19.6%; rating input score 20
  • Program expense ratio: 29.9%; rating input score 30

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 32.7%; rating input score 85; 85th percentile among comparable filings
  • Total-asset coverage ratio: 3.57; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 53; 53rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 10.7% per year; rating input score 100; 62nd percentile among comparable filings
  • Revenue growth: 12.7% per year; rating input score 100; 73rd percentile among comparable filings
  • Asset growth: 13.1% per year; rating input score 100; 69th percentile among comparable filings

Details

  • Where the money goes: 19.6% of revenue deployed · 29.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $22K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 20/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 30/100.
  • Review — Sustainability: Liabilities to assets ratio scored 53/100.