Southeastern Housing Foundation II Inc

Address
318 N Gay Street Room 210
Knoxville, TN 37917
Contact
Website: http://www.klf.org
Phone: +1 (865) 524-2774
Nonprofit
NTEE: L20 - Housing Development, Construction, Management
EIN: 27-0266088

Mission

Southeastern Housing Foundation SHF develops, owns and manages multi-family housing for at-risk and low-income individuals/families.
 20162015201420132012
Basic features of the organization
Year of formation2010
Subsection code03
Form of organization
CorporationTrue
Metropolitan statistical area3840
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$0.00$0.00$0.00$85,490.00$125,656.00
Sum of reportable (W2/1099) compensation   $85,490.00$80,000.00
Number of employees00001
Number of people compensated >$100k    1
Number of volunteers2810  60
Number of highly compensated contractors1111 
Personnel
Arning, David
Title    Vice President
Name of key/compensated person    David Arning
Position of compensated person
Current officer    True
Current key employee (> $150k)    True
Highest compensated employees (>$100k)    True
Average hours per week working for org    024.00
Reportable compensation from org    $80,000.00
Other comp, non-reportable, from org and related orgs    $18,243.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $27,364.00
Average hours per week working for related orgs    016.00
Harms, Todd
TitleBoard MemberBoard MemberBoard MemberBoard MemberBoard Member
Name of key/compensated personTodd HarmsTodd HarmsTodd HarmsTodd HarmsTodd Harms
Position of compensated person
Average hours per week working for org001.00001.00001.00001.00001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Hodges, Chris
Title    Board Member
Name of key/compensated person    Chris Hodges
Position of compensated person
Average hours per week working for org    001.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Hornberger, Joel
TitleBoard MemberBoard MemberBoard MemberBoard Member 
Name of key/compensated personJoel HornbergerJoel HornbergerJoel HornbergerJoel Hornberger 
Position of compensated person
Average hours per week working for org001.00001.00001.00001.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Martin, Chris
TitlePresidentPresidentPresidentPresidentPresident
Name of key/compensated personChris MartinChris MartinChris MartinChris MartinChris Martin
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org003.00003.00003.00003.00003.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$90,896.00$90,896.00$0.00$0.00
Average hours per week working for related orgs040.00   037.00
Petre, Joe
TitleSecretarySecretarySecretarySecretarySecretary
Name of key/compensated personJoe PetreJoe PetreJoe PetreJoe PetreJoe Petre
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org001.00001.00001.00001.00001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Rosenburg, Grant
Title  Vice PresidentVice PresidentVice President
Name of key/compensated person  Grant RosenburgGrant RosenburgGrant Rosenburg
Position of compensated person
Current officer    True
Current key employee (> $150k)  TrueTrueTrue
Average hours per week working for org  024.00024.00024.00
Reportable compensation from org  $0.00$85,490.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$12,195.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $43,731.00$0.00$18,292.00
Average hours per week working for related orgs    016.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesSoutheastern Housing Foundation SHF develops, owns and manages multi-family housing for at-risk and low-income individuals/families.Southeastern Housing Foundation SHF develops, owns and manages multi-family housing for at-risk and low-income individuals/families.Southeastern Housing Foundation SHF develops, owns and manages multi-family housing for at-risk and low-income individuals/families.Southeastern Housing Foundation SHF develops, owns and manages multi-family housing for at-risk and low-income individuals/families.Southeastern Housing Foundation SHF develops, owns and manages multi-family housing for at-risk and low-income individuals/families.
Program service expenses, total$732,007.00$590,399.00$433,764.00$330,774.00$393,826.00
Programs, including revenue & expenses
Southeastern Housing Foundation SHF II develops, owns and operates multi-family housing for at-risk and low-income individuals/families. In 2011 SHF II developed a 48 unit permanent supportive housing facility, and operated a 24 unit affordable housing apartment complex. In 2013, SHF II purchased a low-income housing apartment complex with 36 units of affordable housing. In 2015, SHF II purchased a low-income housing apartment complex in Dunlap, TN with 51 units of affordable housing.
Program expenses$732,007.00$590,399.00$433,764.00$330,774.00$393,826.00
Program revenue  $261,910.00$44,643.00 
Program descriptionSoutheastern Housing Foundation SHF II develops, owns and operates multi-family housing for at-risk and low-income individuals/families. In 2011 SHF II developed a 48 unit permanent supportive housing facility, and operated a 24 unit affordable housing apartment complex. In 2013, SHF II purchased a low-income housing apartment complex with 36 units of affordable housing. In 2015, SHF II purchased a low-income housing apartment complex in Dunlap, TN with 51 units of affordable housing.Southeastern Housing Foundation SHF II develops, owns and operates multi-family housing for at-risk and low-income individuals/families. In 2011 SHF II developed a 48 unit permanent supportive housing facility, and operated a 24 unit affordable housing apartment complex. In 2013, SHF II purchased a low-income housing apartment complex with 36 units of affordable housing. In 2015, SHF II purchased a low-income housing apartment complex in Dunlap, TN with 51 units of affordable housing.Southeastern Housing Foundation SHF II develops, owns and operates multi-family housing for at-risk and low-income individuals/families. In 2011 SHF II developed a 48 unit permanent supportive housing facility, and operated a 24 unit affordable housing apartment complex. In 2013, SHF II purchased a low-income housing apartment complex with 36 units of affordable housing.Southeastern Housing Foundation SHF II develops, owns and operates multi-family housing for at-risk and low-income individuals/families. In 2011 SHF II developed a 48 unit permanent supportive housing facility, and operated a 24 unit affordable housing apartment complex. In 2013, SHF II purchased a low-income housing apartment complex with 36 units of affordable housing.Southeastern Housing Foundation SHF II develops, owns and operates multi-family housing for at-risk and low-income individuals/families. In 2011 SHF II developed a 48 unit permanent supportive housing facility, and operated a 24 unit affordable housing apartment complex.
Financial data
Revenue
Total revenue$1,240,745.00$1,786,625.00$434,347.00$145,579.00$145,317.00
Revenue from contributions (total)$585,850.00$1,311,139.00$175,000.00$105,000.00$130,000.00
Revenue from noncash contributions $1,126,291.00   
Investment income, current yr$209.00$7,841.00$884.00$1,599.00$2,689.00
Total revenue from grants, etc., current yr$585,850.00$1,311,139.00$175,000.00$105,000.00$130,000.00
Total unrelated business revenue    $0.00
Other revenue, current yr-$23,450.00-$14,379.00-$3,447.00-$5,663.00$12,628.00
Program service revenue (total)$678,136.00$482,024.00$261,910.00$44,643.00 
Sources of contributions
Revenue from gov't grants $184,848.00$175,000.00$105,000.00$130,000.00
Revenue from all other contributions$585,850.00$1,126,291.00   
Other types of revenue
Miscellaneous revenue (total)-$23,450.00-$14,379.00-$3,447.00-$5,663.00$12,628.00
Investment income$209.00$7,841.00$884.00$1,599.00$2,689.00
Expense categories (totals)
Total functional expenses: sum of all$810,797.00$669,189.00$512,554.00$426,435.00$441,826.00
Total functional expenses: program service $732,007.00$590,399.00$433,764.00$330,774.00$393,826.00
Total functional expenses: management and general$70,911.00$70,911.00$70,911.00$86,095.00$48,000.00
Total functional expenses: fundraising$7,879.00$7,879.00$7,879.00$9,566.00$0.00
Fees for services
Lobbying fees (total)$0.00$0.00$0.00$0.00$0.00
Legal fees (total)$0.00$0.00$925.00$5,543.00$934.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)$0.00$0.00$0.00$0.00$48,000.00
Investment management fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$6,180,323.00$5,932,569.00$3,555,367.00$3,691,191.00$3,367,216.00
Total assets, beginning of year$5,932,569.00$3,555,367.00$3,691,191.00$3,367,216.00$3,716,269.00
Total liabilities$3,115,695.00$3,297,889.00$2,038,123.00$2,095,740.00$1,490,909.00
Total liabilities, beginning of year$3,297,889.00$2,038,123.00$2,095,740.00$1,490,909.00$1,543,453.00
Unrestricted net assets, end of yr$2,582,517.00$2,634,680.00$1,517,244.00$1,595,451.00$1,876,307.00
Temporarily restricted net assets$482,111.00    
Net assets$3,064,628.00$2,634,680.00$1,517,244.00$1,595,451.00$1,876,307.00
Net assets, beginning of year$2,634,680.00$1,517,244.00$1,595,451.00$1,876,307.00$2,172,816.00
Other liabilities $13,398.00   
Other assets$79,469.00    
Cash: non-interest bearing$155,297.00$698,913.00$271,371.00$381,048.00$731,192.00
Cash: non-interest bearing, beginning of year$698,913.00$271,371.00$381,048.00$731,192.00$1,042,679.00
Investments -- program-related$11,760.00$35,209.00$46,929.00$50,375.00$56,038.00
Other financial variables
Revenue less expenses$429,948.00$1,117,436.00-$78,207.00-$280,856.00-$296,509.00
Advertising (total)$0.00$0.00$0.00$0.00$0.00
Savings & temp cash investment$948,835.00    
Accounts receivable, net$25,776.00$40,056.00$5,247.00$63,100.00$25,405.00
Prepaid expenses & deferred charges$17,901.00$158,830.00$53,327.00$4,002.00 
Accounts payable & accrued expenses$147,393.00$111,495.00$65,493.00$18,479.00$909.00
Unsecured notes & loans to unrelated parties$2,968,302.00$3,172,996.00$250,000.00  
Secured mortgages and notes payable  $1,722,630.00$2,077,261.00$1,490,000.00
Total net assets or fund balances$3,064,628.00$2,634,680.00$1,517,244.00$1,595,451.00$1,876,307.00
Depreciation, depletion, amortization$72,363.00$52,706.00$0.00$0.00$0.00
Payment to affiliates$0.00$0.00$0.00$100,000.00$80,000.00
Governance and accountability
Number of voting members44444
Number of independent voting members44444
Financial sheets were auditedTrueTrueTrueTrueTrue
Audit on consolidated basisTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Reason for form submission
Address change True   
IRS schema version2016v3.02015v2.12014v5.02013v3.12012v2.2
Filing identifier201742899349300939201642609349300714201522649349300502201432889349300438201302539349300215
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