Totals
- Total revenue
- $19,955,932
- Total expenses
- $497,722
- Contributions and grants received
- $19,502,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $453,932
- Other revenue
- $0
- Total assets, end of year
- $19,545,063
- Total liabilities, end of year
- $54,333
- Net assets or fund balances, end of year
- $19,490,730
- Program services expenses (Part IX)
- $245,598
- Management and general expenses
- $252,124
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $245,598
Program services were 49.3% 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.
-
1d · Related organizations
$19,502,000
-
3 · Investment income
total $453,932 · excluded $453,932
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $189,952 · management and general $189,952
-
11c · Fees: accounting
total $26,000 · management and general $26,000
-
11f · Fees: investment management
total $180,000 · program services $180,000
-
12 · Advertising and promotion
total $12,605 · management and general $12,605
-
13 · Office expenses
total $9,155 · management and general $9,155
-
20 · Interest
total $10,400 · program services $10,400
-
23 · Insurance
total $14,412 · management and general $14,412
-
24a · Other expenses: TAXES
total $55,198 · program services $55,198
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $246,807
-
2 · Savings and temporary cash investments
end of year $9,224,757
-
12 · Investments: other securities
end of year $9,600,440
-
15 · Other assets
beginning of year $0 · end of year $473,059
-
17 · Accounts payable and accrued expenses
end of year $54,333
-
27 · Net assets without donor restrictions
end of year $19,490,730
Mission and programs · 2024
Mission
THE NASHVILLE CATALYST FUND (THE "FUND") IS A TENNESSEE NON-PROFIT PUBLIC BENEFIT CORPORATION THAT OFFERS FLEXIBLE FINANCING FOR THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE HOUSING WITHIN NASHVILLE AND DAVIDSON COUNTY. THE FUND ENABLES MISSION-MOTIVATED DEVELOPERS TO BE MORE COMPETITIVE IN THE RACE TO PRESERVE EXISTING REGULATED AND UNREGULATED AFFORDABLE HOUSING AND ACCELERATES THE CREATION OF HIGH-IMPACT AFFORDABLE HOUSING.THE FUND IS A SUPPORTING ORGANIZATION OF THE COMMUNITY FOUNDATION OF MIDDLE TENNESSEE ("CFMT"), A TENNESSEE NON-PROFIT CORPORATION.
Activities or mission (Part I)
TO PRESERVE HOUSING CURRENTLY AFFORDABLE TO WORKING NASHVILLIANS & CREATE NEW AFFORDABLE HOUSING.
-
BY BLENDING CAPITAL FROM A RANGE OF SOURCES, THE FUND PROVIDES EARLY-STAGE CAPITAL TO MISSION-DRIVEN DEVELOPERS TO SUPPORT THE PRESERVATION AND CREATION OF AFFORDABLE HOUSING SUPPLY IN NASHVILLE.THE CATALYST FUND IS A NEW TOOL THAT RESPONDS TO THE SPECIFIC CONDITIONS FACED BY AFFORDABLE HOUSING DEVELOPERS TRYING TO INCREASE AFFORDABLE HOUSING PRODUCTION IN NASHVILLE. LOAN PRODUCTS ARE TAILORED TO THE NASHVILLE MARKET AND ARE DESIGNED TO SUPPORT THE PRESERVATION AND CONSTRUCTION OF AFFORDABLE HOUSING.MISSION-DRIVEN DEVELOPERS THAT ARE BEING OUTCOMPETED IN THE RACE TO PRESERVE OLDER AFFORDABLE HOUSING BUILDINGS AND ACQUIRE LAND FOR AFFORDABLE HOUSING DEVELOPMENT WILL BE ABLE TO EXECUTE A QUICK ACQUISITION AT TERMS THAT MAKES THE PROJECT FINANCIALLY FEASIBLE VIA THE FUND'S ACQUISITION LOAN PRODUCT.THE FUND PROVIDES LOAN PRODUCTS THAT ARE NOT AVAILABLE ELSEWHERE IN THE MARKET THAT CAN PRESERVE THE AFFORDABILITY OF HOUSING IN AN INCREASINGLY COMPETITIVE MARKET. FIRST LOSS CAPITAL FROM METRO ENABLES THE CATALYST FUND TO TAKE EARLY-STAGE RISKS THAT OTHER LENDERS CANNOT, ACCELERATING THE TIMELINE FOR PRESERVATION AND CREATION OF AFFORDABLE HOUSING. IN ADDITION, THE FUND'S BRIDGE LOAN PRODUCT ALLOWS MISSION-MOTIVATED DEVELOPERS TO JUMPSTART THEIR PROJECTS WITHOUT WAITING TO RECEIVE PUBLIC SUBSIDY OR GRANT PROCEEDS.LOAN PRODUCTS ARE SPECIFICALLY DESIGNED TO INCLUDE AND SUPPORT NON-PROFIT AND EMERGING BIPOC DEVELOPERS WITHIN THE AFFORDABLE HOUSING SECTOR. THE FUND IS A NEW SOURCE FOR PREDEVELOPMENT LOANS THAT TARGET HIGH-IMPACT PROJECTS LED BY EMERGING DEVELOPERS.
Expenses $245,598
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jim GingrichJIM GINGRICH
CHAIR
- Total calculated
- $0
- Hours/week
- 3 + 1.3 related
-
Hannah DavisHANNAH DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Robert Ch Bert Matthews IIIROBERT CH BERT MATTHEWS III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Hal CatoHAL CATO
CHIEF EXECUTIVE OFFICER
- Total calculated
- $271,697
- From this org
- $0
- From related orgs
- $263,822
- Other
- $7,875
- Hours/week
- 1 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $262,500 related
- Bonus
- $0 + $1,322 related
- Other
- $0
- Deferred
- $0 + $7,875 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $271,697 related
-
James MunchJAMES MUNCH
CHIEF FINANCIAL OFFICER
- Total calculated
- $208,306
- From this org
- $0
- From related orgs
- $201,306
- Other
- $7,000
- Hours/week
- 1 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $200,000 related
- Bonus
- $0 + $1,306 related
- Other
- $0
- Deferred
- $0 + $7,000 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $208,306 related
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J, PART I, LINE 3
- THE OFFICERS ARE PAID BY A RELATED ORGANIZATION. THE RELATED ORGANIZATION USES THE FOLLOWING TO ESTABLISH THE COMPENSATION FOR THE CEO AND CFO: WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. THE AMOUNT THAT IS SHOWN ON THE TAX RETURN IS FOR THE FULL CALENDAR YEAR ENDING 12/31/2024, NOT JUST FOR THE TIME FRAME OF APRIL 8-DECEMBER 31, 2024.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
THE COMMUNITY FOUNDATION OF MIDDLE TENNESSEE INC
501(C)(3) · COMMUNITY PHILANTHROPY · TN
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503189349306390
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