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
Metropolitan statistical area3840
Form of organization
CorporationTrue
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$0.00$0.00$0.00$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$0.00
Gross receipts$1,240,745.00$1,786,625.00$434,347.00$145,579.00$145,317.00
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
Income from dividends, interest, and similar investments$209.00$7,841.00$884.00$1,599.00$2,689.00
Net rental income $0.00$0.00$0.00$0.00
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 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   
Date e-filing submitted2017-11-292017-01-172015-10-092014-11-172013-09-26
IRS schema version2016v3.02015v2.12014v5.02013v3.12012v2.2
Filing identifier201742899349300939201642609349300714201522649349300502201432889349300438201302539349300215
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