Region 8 - Rad Inc
- Assets
- $25.6k
- Revenue
- $51.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Gulfport, MS
- Founding
- 05/2017
- Data as of
- 12/2021
- EIN
- 47-1069748
Organization Overview
Region 8 - Rad Inc is located in Gulfport, MS. The organization was established in 2017. According to its NTEE Classification (L01) the organization is classified as: Alliances & Advocacy, 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. Region 8 - Rad Inc 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, Region 8 - Rad Inc generated $51.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $62.7k during the year ending 12/2021. 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
MANAGE, LEASE, OPERATE AND MAINTAIN AFFORDABLE ASSISTED AND LOW INCOME HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGE, LEASE, OPERATE, AND MAINTAIN PUBLIC AFFORDABLE ASSISTED AND LOW INCOME HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Willie Leverette Chairman | OfficerTrustee | 0.05 | $0 |
Allytra Perryman Vice Chair/secretary | OfficerTrustee | 0.05 | $0 |
Heather Mueller Treasurer | Officer | 0.5 | $0 |
Justin Brooks President | Officer | 0.5 | $0 |
Howard Bailey Director | Trustee | 0.05 | $0 |
Faguial Ball Director | Trustee | 0.05 | $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 | $51,750 |
| 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 | $51,750 |
| 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 | $42,908 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,456 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $536 |
| Advertising and promotion | $0 |
| Office expenses | $10,908 |
| Information technology | $243 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $62,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $25,633 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,633 |
| Accounts payable and accrued expenses | $999 |
| Grants payable | $0 |
| Deferred revenue | $292 |
| 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 | $91,962 |
| Total liabilities | $93,253 |
| Net assets without donor restrictions | -$67,620 |
| 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 | $25,633 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
House Of Tulip New Orleans, LA | $1,042,133 | $936,819 |
Our Place Nashville Nashville, TN | $263,748 | $400,032 |
One Voice Shelter Coalition Opelika, AL | $422,070 | $0 |
Region 8 - Rad Inc Gulfport, MS | $25,633 | $51,750 |
Citizens For Home Rule Inc Knoxville, TN | $108,564 | $13 |