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Nonprofiteer
← TENNESSEES COMMUNITY ASSISTANCE CORPORATION

Form 990 for tax year 2024

Filed by TENNESSEES COMMUNITY ASSISTANCE CORPORATION.

Totals

Total revenue
$3,124,496
Total expenses
$3,002,854
Contributions and grants received
$1,574,352
Grants paid
$0
Program service revenue
$1,516,397
Investment income
$33,747
Other revenue
$0
Total assets, end of year
$2,921,283
Total liabilities, end of year
$833,215
Net assets or fund balances, end of year
$2,088,068
Program services expenses (Part IX)
$2,936,769
Management and general expenses
$66,085
Fundraising expenses
$0
Program service expenses (Part III)
$2,936,769

Program services were 97.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $654,417

  • 1f · All other contributions, gifts and grants

    $919,935

  • 1g · Noncash contributions included above

    $849,935

  • 2a · Program service revenue: SALE OF HOMES

    total $851,000 · related or exempt $851,000

  • 2b · Program service revenue: CC MEMBER PAYMENT

    total $216,882 · related or exempt $216,882

  • 2c · Program service revenue: MERCHANDISE SALES - DEPOT

    total $201,477 · related or exempt $201,477

  • 2d · Program service revenue: HOME REHAB ADMIN FEES

    total $174,200 · related or exempt $174,200

  • 2e · Program service revenue: CHDO ADMIN FEE

    total $70,000 · related or exempt $70,000

  • 2f · All other program service revenue

    total $2,838 · related or exempt $2,838

  • 3 · Investment income

    total $13,523 · excluded $13,523

  • 7a · Gross sales of assets other than inventory

    securities $189,018 · other assets $18,257

  • 7b · Less cost or other basis and sales expenses

    securities $187,051

  • 7c · Gain or loss

    securities $1,967 · other assets $18,257

  • 7d · Net gain or loss

    total $20,224 · related or exempt $1,967 · excluded $18,257

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $75,538 · program services $75,538

  • 7 · Other salaries and wages

    total $804,647 · program services $804,647

  • 9 · Other employee benefits

    total $70,014 · program services $70,014

  • 10 · Payroll taxes

    total $43,411 · program services $37,457 · management and general $5,954

  • 11c · Fees: accounting

    total $11,266 · program services $2,666 · management and general $8,600

  • 13 · Office expenses

    total $5,035 · program services $5,035

  • 16 · Occupancy

    total $27,887 · program services $27,887

  • 17 · Travel

    total $8,880 · program services $8,880

  • 19 · Conferences, conventions and meetings

    total $720 · program services $720

  • 22 · Depreciation, depletion and amortization

    total $27,574 · management and general $27,574

  • 23 · Insurance

    total $14,140 · program services $14,140

  • 24a · Other expenses: IN KIND DONATIONS

    total $849,934 · program services $849,934

  • 24b · Other expenses: COST OF GOODS SOLD

    total $810,923 · program services $810,923

  • 24c · Other expenses: HOUSING - ADMINISTRATION

    total $47,677 · program services $47,677

  • 24d · Other expenses: DEPOT

    total $35,261 · program services $35,261

  • 24e · All other expenses

    total $169,947 · program services $145,990 · management and general $23,957

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $174,881 · end of year $209,693

  • 2 · Savings and temporary cash investments

    beginning of year $488,547 · end of year $660,365

  • 3 · Pledges and grants receivable

    beginning of year $287,292 · end of year $41,682

  • 4 · Accounts receivable

    beginning of year $58,834 · end of year $349,801

  • 7 · Other notes and loans receivable

    beginning of year $333,508 · end of year $417,423

  • 8 · Inventories for sale or use

    beginning of year $36,658 · end of year $16,304

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,384 · end of year $3,093

  • 10a · Land, buildings and equipment: cost or other basis

    $1,092,025

  • 10b · Land, buildings and equipment: accumulated depreciation

    $474,515

  • 10c · Land, buildings and equipment, net

    beginning of year $645,082 · end of year $617,510

  • 15 · Other assets

    beginning of year $591,913 · end of year $605,412

  • 18 · Grants payable

    end of year $101,800

  • 19 · Deferred revenue

    beginning of year $59,869 · end of year $39,125

  • 24 · Unsecured notes and loans payable

    beginning of year $66,000 · end of year $92,000

  • 25 · Other liabilities

    beginning of year $525,981 · end of year $600,290

  • 27 · Net assets without donor restrictions

    beginning of year $1,969,249 · end of year $2,088,068

Mission and programs · 2024

Mission

THE PURPOSE OF THIS ORGANIZATION IS TO PROMOTE ECONOMIC DEVELOPMENT AND CONDUCT ACTIVITIES IN LOW-INCOME COMMUNITIES OF TENNESSEE, PARTICULARLY PUBLIC ASSISTED HOUSING RESIDENTS, IN ORDER TO ASSIST THE RESIDENTS IN BECOMING SELF-SUFFICIENT AND PROVIDE NECESSARY SERVICES TO THOSE FAMILIES AND INDIVIDUALS THAT WILL IMPROVE THEIR QUALITY OF LIFE.

  • THE HOME PROGRAM IS A COMPETITIVELY-FUNDED PROGRAM BY HUD AND ADMINISTERED WITHIN TENNESSEE BY THE TENNESSEE HOUSING DEVELOPMENT AGENCY. ELIGIBLE HOMEOWNERS TO RECEIVE REPAIRS/NEW HOMES MUST BE LOW INCOME HOUSEHOLDS, THE HOME MUST BE THEIR PRIMARY RESIDENCE, AND OWN THEIR PROPERTY. THE WORK IS PERFORMED BY LICENSED CONTRACTORS AND HOMEOWNERS RECEIVE A 5-15 YEAR FORGIVABLE GRANT NOTE AS LONG AS THEY REMAIN IN THEIR HOME DURING THE TERM. IT ALSO PROVIDES AN AVENUE FOR LOW-INCOME INDIVIDUALS TO QUALIFY FOR A HOME MORTGAGE IN ORDER TO PURCHASE A NEW HOME.

    Expenses $1,079,116 · Revenue $1,217,150

  • TCAC DEPOT HELPS TCAC PARTNERS, OTHER NON-PROFITS, AND CHURCHES THROUGHOUT TENNESSEE PROVIDE PRODUCTS AND INCENTIVES THAT FURTHER THE INDIVIDUAL AGENCY'S MISSION. TCAC DEPOT REDISTRIBUTES NEW PRODUCTS THAT ASSIST PARTNERING AGENCIES IN STRETCHING THEIR SERVICE DOLLARS WHILE PROVIDING MATERIALS AND SUPPLIES TO TENNESSEANS MOST IN NEED, TCAC DEPOT CURRENTLY HAS 100 PARTNERING AGENCIES AND 13 DISTRIBUTION PARTNERS.

    Expenses $320,377 · Revenue $202,139

  • TCAC COMMUNITY CARES AMERICORPS PROGRAM SERVES THE VERY FRAIL, ELDERLY AND CHALLENGED RESIDENTS OF TENNESSEE SO THEY CAN REMAIN LIVING INDEPENDENTLY WITH AN IMPROVED QUALITY OF LIFE. THIRTY FIVE AMERICORPS MEMBERS NOT ONLY PROVIDE ASSISTANCE WITH DAILY TASKS, BUT MORE IMPORTANTLY THEY HELP REISDENTS MAINTAIN THEIR DIGNITY AND CONFIDENCE. THE SERVICES ARE PROVIDED WITH NO COST TO THE RESIDENTS.

    Expenses $1,537,276 · Revenue $216,882

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Krystal Gibbons

    EXEC DIRECTO

    Total calculated
    $75,538
    From this org
    $75,538
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Emily Chase

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Terry Cunningham

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Holmes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jackie Mayo

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Teoka Price

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Teresa Brooks Taylor

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Kathy Vanlandingham

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Wills

    TREASURER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 January 2026
IRS schema version
2024v5.0
Source object
202600169349301010

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