Mid-State Opportunity Inc
- Assets
- $969.1k
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 42
- Location
- Charleston, MS
- Founding
- 06/1965
- Data as of
- 09/2023
- EIN
- 64-0432686
Organization Overview
Mid-State Opportunity Inc is located in Charleston, MS. The organization was established in 1965. According to its NTEE Classification (L81) the organization is classified as: Home Improvement & Repairs, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Mid-State Opportunity Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-State Opportunity 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 09/2023, Mid-State Opportunity Inc generated $4.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $4.3m during the year ending 09/2023. While expenses have increased by 6.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MID-STATE OPPORTUNITY, INC. IS A NON-PROFIT ORGANIZATION THAT ADMINISTERS COMMUNITY SERVICE PROGRAMS THAT ARE FUNDED PRIMARILY BY FEDERAL FINANCIAL ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOW INCOME HOME ENERGY ASSISTANCE PROGRAM (LIHEAP) - FUNDED BY DCS/MDHS - DESIGNED TO ASSIST LOW INCOME FAMILIES TO MEET HOME ENERGY NEEDS.
OTHER SERVICES ARE VARIOUS OTHER FUNDING STREAMS, INCLUDING EMERGENCY FOOD AND SHELTER PROGRAMS, THAT FURTHER SUPPORT THE AGENCY'S MISSION.
COMMUNITY SERVICES BLOCK GRANT (CSBG) - FUNDED BY THE DIVISION OF COMMUNITY SERVICES, MDHS - PROVIDES CASE MANAGEMENT SERVICES AND ASSISTANCE IN EMPLOYMENT, EDUCATION, HEALTH, NUTRITION, TRANSPORTATION, CHILD CARE, HOUSING, EMERGENCY ASSISTANCE, INCOME MANAGEMENT AND SELF-SUFFICIENCY.
SENIOR SELECT PROGRAM - FUNDED BY THE DELTA WORKFORCE INVESTMENT AREA (DWIA)THROUGH SOUTH DELTA PLANNING AND DEVELOPMENT DISTRICT - PROVIDES WORK EXPERIENCE AND EMPLOYABILITY SKILLS TRAINING TO DISADVANTAGED HIGH SCHOOL SENIORS TO HELP THEM EARN THEIR HIGH SCHOOL DIPLOMAS AND PREPARE FOR A SCHOOL TO WORK TRANSITION. OUT-OF-SCHOOL SELECT PROGRAM - FUNDED BY THE DELTA WORKFORCE INVESTMENT AREA (DWIA) THROUGH SOUTH DELTA PLANING AND DEVELOPMENT DISTRICT - PROVIDES WORK EXPERIENCE AND EMPLOYABILITY SKILLS TRAINING TO ECONOMICALLY DISADVANTAGED 16-21 YEAR OLD, LOW-INCOME, OUT-OF- SCHOOL YOUTH. THE PARTICIPANTS ATTEND BASIC SKILLS CLASSES TO PREPARE THEM FOR THE GED EXAMINATION AND EMPLOYABILITY SKILLS CLASSES TO PREPARE THEM FOR A SCHOOL TO WORK TRANSITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynda Bradford Executive Di | Officer | 40 | $82,253 |
Pam Mcferrin Fiscal Offic | Officer | 40 | $73,719 |
Loria Barfield Director | Trustee | $0 | |
Karen Bloodworth Vice Chairma | OfficerTrustee | $0 | |
Shirley Cathey Director | Trustee | $0 | |
Latonya Fondren Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,263,787 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,511 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,282,298 |
| Total Program Service Revenue | $0 |
| 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 | $4,282,298 |
| 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 | $601,661 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $152,025 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| 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 | $42,873 |
| Advertising and promotion | $0 |
| Office expenses | $52,630 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,630 |
| Travel | $10,760 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $786 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,748 |
| All other expenses | $3,280 |
| Total functional expenses | $4,347,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $844,667 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $79,371 |
| 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 | $16,254 |
| Net Land, buildings, and equipment | $3,056 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,752 |
| Total assets | $969,100 |
| Accounts payable and accrued expenses | $197,388 |
| Grants payable | $0 |
| Deferred revenue | $114,774 |
| 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 | $18,296 |
| Total liabilities | $330,458 |
| Net assets without donor restrictions | $638,642 |
| 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 | $969,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eight Days Of Hope Inc Tupelo, MS | $11,849,366 | $7,340,067 |
Mid-State Opportunity Inc Charleston, MS | $969,100 | $4,282,298 |
Neighborhood Housing Services Of New Orleans Inc New Orleans, LA | $899,416 | $997,880 |
Home Again Inc Jackson, MS | $3,743,286 | $637,144 |
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United Methodist Nomads Hot Springs Village, AR | $592,987 | $300,878 |
Ocoee Outreach Cleveland, TN | $38,563 | $234,389 |
Alabama Housing Foundation Inc Montgomery, AL | $111,609 | $0 |
Faith And Fire Ministries For Nicaragua Cedar Grove, TN | $7,108 | $0 |
The Roof Above Benton, AR | $0 | $0 |
Armstrong Real Estate Foundation Nashville, TN | $578 | $0 |
Angel Foundation Inc Memphis, TN | $0 | $0 |