Financial Institutions Housing Opportunity Pool
- Assets
- $855.9k
- Revenue
- $60.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 02/2005
- Data as of
- 12/2021
- EIN
- 05-0595903
Organization Overview
Financial Institutions Housing Opportunity Pool is located in Jackson, MS. The organization was established in 2005. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Financial Institutions Housing Opportunity Pool is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Financial Institutions Housing Opportunity Pool generated $60.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $7.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AFFORDABLE HOUSING IN MISSISSIPPI FOR PERSONS WITH LOW INCOME
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST IN THE CONSTRUCTION, DEVELOPMENT, OR REHABILITATION OF RESIDENTIAL MULTI-FAMILY HOUSING, IN MISSISSIPPI, FOR PERSONS OF LOW TO MODERATE INCOME
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Maley Secretary/treasurer | OfficerTrustee | 2 | $0 |
Bradley Joyner President | OfficerTrustee | 1 | $0 |
Debbie Walker Chief Financial Officer | Officer | 2 | $0 |
Billy Brunt Chairman | Trustee | 1 | $0 |
Joel Ross Director | Trustee | 1 | $0 |
Bernard Bridges Vice-Chairman | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $59,857 |
| Investment income | $529 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $60,386 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $841 |
| Fees for services: Accounting | $3,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $800 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,070 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $566,486 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $289,454 |
| Total assets | $855,940 |
| Accounts payable and accrued expenses | $4,518 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,912 |
| Total liabilities | $6,430 |
| Net assets without donor restrictions | $849,510 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $855,940 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Habitat For Humanity International Inc Franklin, TN | $15,154,488 | $5,571,320 |
Fairview Housing Management Johnson City, TN | $5,768,830 | $3,674,479 |
Stones River Development Corporation Murfreesboro, TN | $15,999,619 | $139,146 |
Genesis Residential Gadsden, AL | $1,233,602 | $1,847,494 |
Habitat For Humanity International Inc Summerdale, AL | $4,433,508 | $1,249,775 |
Community Action Of Etowah County Inc Gadsden, AL | $433,104 | $1,570,605 |
Habitat For Humanity International Inc Decatur, AL | $2,737,882 | $1,337,880 |
East Tennessee Housing Development Corporation Knoxville, TN | $1,124,857 | $1,065,766 |
Habitat For Humantiy International Inc Maryville, TN | $4,638,430 | $1,107,903 |
Fellowship Manor Ltd New Orleans, LA | $4,719,310 | $858,227 |
Habitat For Humanity International Inc Fayetteville, AR | $1,793,810 | $1,225,897 |
Safe Entry Inc Springfield, TN | $1,491,285 | $1,168,014 |