Central Ms Housing And Development Corp
- Assets
- $7.9m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Canton, MS
- Founding
- 07/2012
- Data as of
- 06/2020
- EIN
- 45-4742548
Organization Overview
Central Ms Housing And Development Corp is located in Canton, MS. The organization was established in 2012. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Central MS Housing And Development Corp 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 06/2020, Central MS Housing And Development Corp generated $6.0m in total revenue. All expenses for the organization totaled $251.2k during the year ending 06/2020. While expenses have increased by 11.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPMENT OF AFFORDABLE HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP AND PROVIDE AFFORDABLE HOUSING TO LOW-INCOME, ELDERLY, AND HANDICAPPED PERSONS IN THE CITY OF CANTON, MISSISSIPPI.
TO DEVELOP AND PROVIDE AFFORDABLE HOUSING TO LOW-INCOME, ELDERLY, AND HANDICAPPED PERSONS IN THE CITY OF CANTON, MISSISSIPPI.
TO DEVELOP AND PROVIDE AFFORDABLE HOUSING TO LOW-INCOME, ELDERLY, AND HANDICAPPED PERSONS IN THE CITY OF CANTON, MISSISSIPPI.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johnny Brown Chairman | OfficerTrustee | 0.25 | $0 |
Stanford H Beasley Sr Executive Director | Officer | 2 | $0 |
Rueben Myers Jr Director | Trustee | 0.25 | $0 |
Janice Diamond Director | Trustee | 0.25 | $0 |
Jessica Nichols Director | Trustee | 0.25 | $0 |
Charles Jackson Jr Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,805,001 |
| 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 | $5,986,395 |
| Statement of Expenses | |
|---|---|
| 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 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 | $7,025 |
| Fees for services: Accounting | $2,960 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $22,482 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $458 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $54,166 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $106,162 |
| Insurance | $20,776 |
| All other expenses | $0 |
| Total functional expenses | $251,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,346 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $238,203 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $14,076 |
| Inventories for sale or use | $381,030 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $101,850 |
| Total assets | $7,928,343 |
| Accounts payable and accrued expenses | $9,721 |
| 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 | $2,010,770 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,614 |
| Total liabilities | $2,046,105 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $5,882,238 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Central Ms Housing And Development Corp has recieved totaling $13,448.
| Awarding Organization | Amount |
|---|---|
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $13,448 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Preservation Housing Inc Mobile, AL | $45,095,355 | $8,020,455 |
Louisiana Housing Assistance Corporation Alexandria, LA | $350,109 | $3,738,733 |
South Mississippi Housing Anddevelopment Corporation Gulfport, MS | $21,301,727 | $2,501,846 |
Christopher Homes Inc New Orleans, LA | $9,980,872 | $3,196,519 |
Scottsboro Housing & Social Services Inc Scottsboro, AL | $12,212,835 | $2,362,761 |
Universal Housing Development Corp Russellville, AR | $5,289,715 | $1,746,662 |
Senior Living Concepts Bentonville, AR | $4,055,724 | $1,668,432 |
Cme-Southside Villas Inc Nashville, TN | $2,839,422 | $1,297,019 |
Episcopal Housing Foundation Inc Birmingham, AL | $2,677,738 | $1,358,660 |
Presbyterian Homes Of Decatur Inc Decatur, AL | $2,666,220 | $1,219,464 |
St John Alexander Tower Inc Little Rock, AR | $2,055,822 | $1,351,843 |
Catholic Housing Authority Of Montgomery Inc Montgomery, AL | $5,843,066 | $956,538 |