Mid-America Development Foundation
- Assets
- $326.4k
- Revenue
- $443.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Clarksdale, MS
- Founding
- 06/2008
- Data as of
- 12/2021
- EIN
- 37-1417926
Organization Overview
Mid-America Development Foundation is located in Clarksdale, MS. The organization was established in 2008. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Mid-America Development Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND PROVIDE QUALITY HOUSING, COUNSELING, AND FINANCIAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION RECOGNIZES THE IMPORTANCE THAT EDUCATION HAS ON THE BODY, MIND, AND SPIRIT, AND WE BELIEVE THAT ACADEMIC AND VOCATIONAL EDUCATION IS A VITAL ELEMENT BY WHICH POVERTY CAN BE ELIMINATED. THE FOUNDATION WILL OFFER SCHOLARSHIPS AND GRANTS THAT ARE EDUCATIONAL IN NATURE AS WELL AS TO FUND EDCUATIONAL AND VOCATIONAL SUPPORTIVE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brendley Haynes Secretary | Officer | 4 | $0 |
Shawn Phelps Director | Officer | 40 | $0 |
Frank Reed President | Officer | 4 | $0 |
Claude Burks Member | Trustee | 2 | $0 |
Larry Haynes Executive Director | Trustee | 4 | $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 | $443,817 |
| Investment income | $0 |
| 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 | $443,817 |
| 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. | $147,416 |
| Compensation of current officers, directors, key employees. | $32,833 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $894 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,344 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,540 |
| Office expenses | $1,874 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,288 |
| Travel | $4,610 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,464 |
| Interest | $0 |
| Payments to affiliates | $345,160 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $39 |
| All other expenses | $46,261 |
| Total functional expenses | $583,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $326,424 |
| 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 | $0 |
| Total assets | $326,424 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $362,424 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$36,000 |
| Total liabilities and net assets/fund balances | $326,424 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Provident Commonwealth Education Resources Baton Rouge, LA | $142,254,594 | $7,390,935 |
Provident Commonwealth Education Resources Ii Baton Rouge, LA | $154,926,817 | $6,407,611 |
Habitat For Humanity Of Greater Nashville Nashville, TN | $71,491,096 | $16,513,254 |
Habitat For Humanity International Inc Memphis, TN | $13,622,959 | $12,248,424 |
Guardian Center Inc Ooltewah, TN | $1,527,267 | $10,632,560 |
Greater Birmingham Habitat For Humanity Inc Fairfield, AL | $36,123,846 | $9,151,776 |
Crossroads Lousiana Inc New Orleans, LA | $7,147,653 | $6,355,494 |
New Orleans Area Habitat For Humanity Inc New Orleans, LA | $31,307,957 | $6,711,459 |
Appalachia Service Project Inc Johnson City, TN | $7,585,655 | $6,583,144 |
Opelika Housing Development Inc Opelika, AL | $23,510,237 | $5,353,776 |
Chattanooga Neighborhood Enterprise Inc Chattanooga, TN | $22,805,649 | $5,214,534 |
Breakthrough Corporation Knoxville, TN | $2,277,742 | $4,880,095 |