Vicksburg Housing Management And Development
- Assets
- $2.8m
- Revenue
- $730.6k
- Investments
- $51.5k
- Employees
- 0
- Location
- Vicksburg, MS
- Founding
- 11/2015
- Data as of
- 12/2021
- EIN
- 47-4266525
Organization Overview
Vicksburg Housing Management And Development is located in Vicksburg, MS. The organization was established in 2015. 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. Vicksburg Housing Management And Development 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, Vicksburg Housing Management And Development generated $730.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.0% each year . All expenses for the organization totaled $177.5k during the year ending 12/2021. While expenses have increased by 3.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
VICKSBURG HOUSING MANAGEMENT AND DEVELOPMENT PURPOSE IS TO PROVIDE HOUSING AND COMMUNITY SUPPORT TO CITIZENS OF WARREN COUNTY AND THE STATE OF MISSISSIPPI THAT QUALIFY AS LOW-TO-MODERATE INCOME. INCLUDED IN THAT PURPOSE IS THE PROMOTION OF THE UNDERSTANDING OF AN CRITICAL NEED FOR SAFE AND SANITARY HOURSIN; ENCOURAGING SCHOLARSHIP AND RESEARCH; STIMULATING EFFECTIVE INSTRUCTION; PROMOTING PUBLICATIONS IN THE FIELD OF LOW INCOME AND PUBLIC HOUSING; SERVING THE PROFESSIONAL INTERESTS OF MEMBERS ORGANIZATIONS, BOTH LOCALLY AND NATIONALLY; FOSTERING COMMUNICATION AND EXCHANGE AMOUNG GOVERNMENTAL BODIES AND SCHOLARS AND ENHANCING THE PUBLIC'S UNDERSTANDING OF HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VICKSBURG HOUSING MANAGEMENT AND DEVELOPMENT LLC WILL BE PROVIDING HOUSING TO LOW TO MODERATE INCOME INDIVIDUALS IN WARREN COUNTY AND THE STATE OF MISSISSIPPI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fermika Smith Vice-Chairperson | OfficerTrustee | 2 | $0 |
Kimberly Taylor Chairperson | OfficerTrustee | 2 | $0 |
Ollie Hardaway III Secretary | OfficerTrustee | 2 | $0 |
Bennet O Washington Executive Director | Officer | 2 | $0 |
John Ferguson Director | Trustee | 2 | $0 |
Abraham Green Jr Director | Trustee | 2 | $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 | $726,002 |
| Investment income | $1,089 |
| 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 | $730,595 |
| 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 | $29,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $827 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $453 |
| 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 | $18,548 |
| Insurance | $15,748 |
| All other expenses | $0 |
| Total functional expenses | $177,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $801,343 |
| Savings and temporary cash investments | $303,481 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $450,281 |
| 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 | $7,650 |
| Net Land, buildings, and equipment | $514,789 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $51,517 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $634,097 |
| Total assets | $2,763,158 |
| Accounts payable and accrued expenses | $342,197 |
| Grants payable | $0 |
| Deferred revenue | $4,025 |
| 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 | $7,900 |
| Total liabilities | $354,122 |
| Net assets without donor restrictions | $2,409,036 |
| 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 | $2,763,158 |
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