Sacred Heart Southern Missions Housing Corporation
- Assets
- $1.6m
- Revenue
- $506.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Walls, MS
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 64-0854543
Organization Overview
Sacred Heart Southern Missions Housing Corporation is located in Walls, MS. The organization was established in 1946. According to its NTEE Classification (G43) the organization is classified as: Heart & Circulatory System Diseases & Disorders, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Sacred Heart Southern Missions Housing Corporation 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 06/2022, Sacred Heart Southern Missions Housing Corporation generated $506.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $479.4k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LENDING SERVICES AND HOUSING TO LOW INCOME FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
MORTGAGES WERE PROVIDED TO LOW INCOME INDIVIDUALS WHO WOULD NOT OTHERWISE HAVE BEEN ABLE TO PURCHASE A HOME. THERE WAS ONE MORTGAGE OUTSTANDING DURING THE YEAR.
IN 2014 THE ORGANIZATION BEGAN PROVIDING RENTAL HOUSING TO LOW INCOME INDIVIDUALS AND FAMILIES. APPROXIMATELY 38 RENTAL UNITS WERE PROVIDED DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Vincent President | OfficerTrustee | 1 | $0 |
Laura Grisham Secretary | OfficerTrustee | 1 | $0 |
Mika Joyner Vice Preside | OfficerTrustee | 1 | $0 |
FR Hendrick Ardianto Scj Treasurer | OfficerTrustee | 1 | $0 |
Latoria Blackshear Director | Trustee | 1 | $0 |
Christina Mccafferty Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $218,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,114 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $226,114 |
| Total Program Service Revenue | $280,497 |
| 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 | $506,611 |
| 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 | $55,248 |
| Pension plan accruals and contributions | $13,409 |
| Other employee benefits | $14,047 |
| Payroll taxes | $4,468 |
| Fees for services: Management | $60,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,834 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,812 |
| Advertising and promotion | $0 |
| Office expenses | $16,511 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,191 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,155 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,362 |
| Insurance | $11,614 |
| All other expenses | $0 |
| Total functional expenses | $479,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,372 |
| Savings and temporary cash investments | $131,684 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,811 |
| 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 | $1,295,383 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,279 |
| Total assets | $1,598,529 |
| Accounts payable and accrued expenses | $20,569 |
| Grants payable | $0 |
| Deferred revenue | $3,125 |
| 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 | $45,000 |
| Other liabilities | $29,765 |
| Total liabilities | $98,459 |
| Net assets without donor restrictions | $1,173,865 |
| Net assets with donor restrictions | $326,205 |
| 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 | $1,598,529 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Sacred Heart Southern Missions Housing Corporation has recieved totaling $25,807.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Northwest Mississippi Inc Hernando, MS PURPOSE: FOOD-GENERAL SUPPORT | $8,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $6,200 |
Thrivent Charitable Impact & Investing Appleton, WI PURPOSE: GENERAL SUPPORT | $5,984 |
Catholic Community Foundation Of Minnesota St Paul, MN PURPOSE: GENERAL OPERATING | $5,048 |
Hageman Foundation Of Hope Monticello, MN PURPOSE: GENERAL CHARITABLE PURPOSES | $500 |
Shell Oil Company Foundation Houston, TX PURPOSE: MG | $50 |
Endowment Analysis
| Beg. Balance | $314,746 |
| Earnings | $45,588 |
| Other Expense | $34,129 |
| Ending Balance | $326,205 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Global Heart Education And Research Foundation New Orleans, LA | $474,524 | $1,157,658 |
Amercian Board Of Cardiovascular Perfusion Hattiesburg, MS | $1,220,637 | $830,354 |
Sacred Heart Southern Missions Housing Corporation Walls, MS | $1,598,529 | $506,611 |
Southern Assoc For Vascular Surgery Inc Birmingham, AL | $681,635 | $475,238 |
Heart To Heart Pregnancy Support Center Fort Smith, AR | $785,686 | $263,545 |
Heart Of Arkansas Travel Assn Inc Little Rock, AR | $85,878 | $201,179 |
Hearthstone Properties Corporation Baton Rouge, LA | $7,242,763 | $431,516 |
Kari S Heart Foundation Inc Johnson City, TN | $40,454 | $128,449 |
Local Heart Foundation Lake Charles, LA | $574,399 | $174,805 |
Community Health Education Foundation Jonesboro, AR | $2,417 | $93,342 |
A Ministry Of The Heart Inc Memphis, TN | $106,627 | $107,674 |
Servant Heart Ministries Franklin, TN | $32,139 | $69,279 |