True Ground Housing Partners
True Ground Housing Partners reported $39.2 million in revenue and $17.6 million in expenses for calendar year 2024. Of every $100 it spent, $92.25 went to program services, $7.31 to management and general costs and $0.44 to fundraising. Its largest source of revenue was contributions and grants: 49.6% of the total. The highest compensation it reported for one person was $426,194 (PRESIDENT / DIRECTOR / CEO). 9 people received more than $100,000 in reportable compensation. Revenue rose 47% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $18MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $39MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 92.3% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 7.3% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.4% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 49.6% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.9% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 40.2% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $426,194 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.43% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 9 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 86.3 | 10.0 |
| Independent voting board members Part VI 1a–1b | 22 of 23 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseTgh provides 2,527 units to low to moderate income housing and 306 market rate units for families and individuals. Tgh provides its low-income households with programs and services to promote financial stability, health and wellness, educational and workforce success, and civic engagement
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT / DIRECTOR / CEO Director/trustee, officer, 35.00 hrs/week | $388,187 | $0 | $38,007 | $426,194 |
| VICE PRESIDENT / SENIOR VICE PRESIDENT OF REAL EST Officer, 5.00 hrs/week | $0 | $364,553 | $11,488 | $376,041 |
| ASSISTANT TREASURER / CFO Officer, 35.00 hrs/week | $252,709 | $0 | $16,295 | $269,004 |
| DIRECTOR OF REAL ESTATE DE Highest compensated employee, 40.00 hrs/week | $233,814 | $0 | $14,943 | $248,757 |
| DIRECTOR OF REAL ESTATE DE Highest compensated employee, 40.00 hrs/week | $233,814 | $0 | $14,750 | $248,564 |
| DIRECTOR OF ASSET MANAGEME Highest compensated employee, 40.00 hrs/week | $213,946 | $0 | $30,560 | $244,506 |
| VICE PRESIDENT OF RESIDENT Highest compensated employee, 40.00 hrs/week | $224,340 | $0 | $15,103 | $239,443 |
| ASSISTANT SECRETARY / VICE PRESIDENT OF TALENT & C Officer, 35.00 hrs/week | $191,440 | $0 | $17,905 | $209,345 |
9 people received more than $100,000 in reportable compensation from True Ground Housing Partners (Part VII, line 2). Compensation of current officers, directors and key employees totaled $905K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b23 · 22 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 565
- Volunteers Part I, line 6173
Private foundation grants it received
5 private foundations reported grants to True Ground Housing Partners totaling $48,527 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from True Ground Housing Partners's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for True Ground Housing Partners, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 True Ground Housing Partners spent in 2024, $92.25 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
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- Federation of Appalachian Housing EnterprisesBerea, KY · revenue $39M · programs 92.0% · FY2025
- Foundation Communities Group ReturnAustin, TX · revenue $39M · programs 100.0% · 2024
- The ARC Ocean County ChapterBrick, NJ · revenue $39M · programs 91.1% · FY2025
All housing & shelter charities · Largest charities in Virginia
Questions people ask
How much of True Ground Housing Partners's spending goes to programs?
In calendar year 2024, True Ground Housing Partners reported that 92.3% of its $17.6 million in expenses went to program services, 7.3% to management and general and 0.4% to fundraising (Form 990, Part IX).
How much does True Ground Housing Partners pay its top executive?
The largest total compensation True Ground Housing Partners reported for one person in calendar year 2024 was $426,194, for the role of PRESIDENT / DIRECTOR / CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does True Ground Housing Partners get its money?
Of $39.2 million in revenue in calendar year 2024, 49.6% came from contributions and grants (including 0.9% from government grants) and 40.2% from program service revenue (Form 990, Part VIII).
Is True Ground Housing Partners a registered charity?
The IRS lists EIN 54-1515133 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543219349316824 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202403139349300805 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323149349304712 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203139349303350 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133179349301733 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023179349301042 · read the filing
All filings for EIN 54-1515133: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.