Southeastern Development Opportunities Inc
- Assets
- $2.2m
- Revenue
- $80.9k
- Investments
- $2.0m
- Employees
- 2
- Location
- Shelby, MS
- Founding
- 08/1993
- Data as of
- 09/2021
- EIN
- 64-0828837
Organization Overview
Southeastern Development Opportunities Inc is located in Shelby, MS. The organization was established in 1993. 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. As of 09/2021, Southeastern Development Opportunities Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southeastern Development Opportunities 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 09/2021, Southeastern Development Opportunities Inc generated $80.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $177.3k during the year ending 09/2021. 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
PROVIDING LOW INCOME HOUSING TO INDIVIDUALS AND FAMILIES IN MS DELTA REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HAVE BEEN SUCCESSFUL BOTH DIRECTLY AND INDIRECTLY IN PLACING A NUMBER OF LOW INCOME HOUSING UNITS IN SERVICE IN THE MS DELTA REGION. WE CONTINUE TO PARTICIPATE IN THE DEVELOPMENT OF ADDITIONAL UNITS ON AN ONGOING BASIS AS FINANCING ALLOWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Balducci Executive Di | Officer | 40 | $59,759 |
Patrick J Collins Secretary-Tr | Officer | $0 | |
Alice Stapleton President | Officer | $0 | |
Lula B Atkins Vice Preside | Officer | $0 | |
John F Schmidt III Director | Trustee | $0 | |
Marie Shorter Director | Trustee | $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 | $92,603 |
| Investment income | $205 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$11,901 |
| 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 | $80,907 |
| 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 | $69,342 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,422 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,058 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,880 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,515 |
| 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 | $616 |
| All other expenses | $10,986 |
| Total functional expenses | $177,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,287 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,574 |
| 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 | $8,225 |
| Net Land, buildings, and equipment | $60,505 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,966,998 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,877 |
| Total assets | $2,157,466 |
| Accounts payable and accrued expenses | $77,770 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $600 |
| Other liabilities | $378,476 |
| Total liabilities | $456,846 |
| Net assets without donor restrictions | -$636,378 |
| Net assets with donor restrictions | $2,336,998 |
| 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 | $2,157,466 |
Endowment Analysis
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