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.
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 |
Charles Jackson Jr Director | Trustee | 0.25 | $0 |
Jessica Nichols Director | Trustee | 0.25 | $0 |
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 |
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 |
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 |