The Nashville Catalyst Fund
The Nashville Catalyst Fund reported $20.0 million in revenue and $497,722 in expenses for the 9-month short period ending December 31, 2024. Of every $100 it spent, $49.34 went to program services, $50.66 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 97.7% of the total. The highest compensation it reported for one person was $271,697 (CHIEF EXECUTIVE OFFICER). Source: Form 990, FY2024 (9 mo.).
Where $100 of spending went
The 9-month short period ending December 31, 2024 · Form 990, Part IX, line 25 · total expenses $498KFor 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
The 9-month short period ending December 31, 2024 · Form 990, Part VIII · total revenue $20MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2024 (9 mo.) | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 49.3% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 50.7% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 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 | 97.7% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $271,697 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 54.59% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 0 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 469.9 | 10.0 |
| Independent voting board members Part VI 1a–1b | 3 of 3 | 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
FY2024 (9 mo.) · Form 990, Part III · the three largest programs by expenseBy 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…
Highest reported compensation
FY2024 (9 mo.) · 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 |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER Officer, 1.00 hrs/week | $0 | $263,822 | $7,875 | $271,697 |
| CHIEF FINANCIAL OFFICER Officer, 1.00 hrs/week | $0 | $201,306 | $7,000 | $208,306 |
0 people received more than $100,000 in reportable compensation from The Nashville Catalyst Fund (Part VII, line 2).
1 filings since FY2024 (9 mo.)
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked| Filing | Revenue | Expenses | Programs | Net assets | Top pay |
|---|---|---|---|---|---|
| FY2024 (9 mo.) ⓘ | $20M | $498K | 49.3% | $19M | $271,697 |
Governance answers, as filed
FY2024 (9 mo.) · 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–1b3 · 3 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aNo
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- 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 50
- Volunteers Part I, line 63
Largest outside contractors
FY2024 (9 mo.) · Form 990, Part VII, Section B · businesses only| FORSYTH STREET ASSET MANAGEMENT Investment management fee to set up | $180,000 |
Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from The Nashville Catalyst Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Nashville Catalyst Fund, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The Nashville Catalyst Fund spent in FY2024 (9 mo.), $49.34 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- 2LIFE CommunitiesBrighton, MA · revenue $20M · programs 59.5% · 2024
- Cincinnati Development FundCincinnati, OH · revenue $20M · programs 91.7% · FY2025
- European American AssociationChicago, IL · revenue $20M · programs 93.5% · 2025
- Rock Island Economic Growth CorporationRock Island, IL · revenue $20M · programs 94.7% · 2024
- Coastal EnterprisesBrunswick, ME · revenue $20M · programs 76.3% · FY2025
All housing & shelter charities · Largest charities in Tennessee
Questions people ask
How much of The Nashville Catalyst Fund's spending goes to programs?
In the 9-month short period ending December 31, 2024, The Nashville Catalyst Fund reported that 49.3% of its $497,722 in expenses went to program services, 50.7% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does The Nashville Catalyst Fund pay its top executive?
The largest total compensation The Nashville Catalyst Fund reported for one person in the 9-month short period ending December 31, 2024 was $271,697, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Nashville Catalyst Fund get its money?
Of $20.0 million in revenue in the 9-month short period ending December 31, 2024, 97.7% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is The Nashville Catalyst Fund a registered charity?
The IRS lists EIN 99-2815884 as a 501(c)(3) organization (supporting organization, type i), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2024 (9 mo.): Form 990 for the 9-month short period ending December 31, 2024, object 202503189349306390 · read the filing · XML
All filings for EIN 99-2815884: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.