Housing Association Of Mississippi Inc
- Assets
- $238.7k
- Revenue
- $233.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, MS
- Founding
- 05/2002
- Data as of
- 12/2021
- EIN
- 64-0892901
Organization Overview
Housing Association Of Mississippi Inc is located in Madison, MS. The organization was established in 2002. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Association Of Mississippi Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Housing Association Of Mississippi Inc generated $233.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $80.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (19.0%) per year over the past 7 years. 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
AFFORDABLE HOUSING TRAINING
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF AFFORDABLE HOUSING MANAGERS IS THE GOAL OF THE HOUSING ASSOCIATION OF MISSISSIPPI, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ettie Pittman Executive Director | Officer | 40 | $19,200 |
Norvell Gooden President, United Manageme | Officer | 0 | $0 |
Dewey W King Secretary, Mars Marketing, | Officer | 0 | $0 |
Lenny Turner Vice President, Cms Manage | Officer | 0 | $0 |
John Sullivan Treasurer, Enterprise Comm | Officer | 0 | $0 |
Chip Peterson Immediate Past President, | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $94,905 |
| 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 | $94,905 |
| Total Program Service Revenue | $138,795 |
| Investment income | $72 |
| 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 | $233,772 |
| 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 | $19,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,416 |
| Information technology | $0 |
| 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 | $45,718 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,219 |
| All other expenses | $0 |
| Total functional expenses | $80,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,725 |
| Savings and temporary cash investments | $29,016 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $238,741 |
| Accounts payable and accrued expenses | $195 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $195 |
| Net assets without donor restrictions | $0 |
| 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 | $27,061 |
| Retained earnings, endowment, accumulated income, or other funds | $211,485 |
| Total liabilities and net assets/fund balances | $238,741 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nashville Area Chamber Of Commerce Nashville, TN | $10,414,739 | $9,196,086 |
United Brotherhood Of Carpenters And Joiners Of America Metairie, LA | $27,400,853 | $8,587,017 |
Memphis Area Chamber Of Commerce Memphis, TN | $3,591,167 | $6,894,505 |
Tennessee Bankers Association Incorporated Nashville, TN | $20,990,156 | $6,097,018 |
Montgomery Area Chamber Of Commerce Montgomery, AL | $3,766,840 | $6,554,835 |
Associated Builders And Contractors Inc Baton Rouge, LA | $9,902,168 | $6,563,772 |
Mobile Area Chamber Of Commerce Mobile, AL | $2,346,261 | $5,207,666 |
Tennessee Association Of Utility Districts Murfreesboro, TN | $3,407,323 | $4,673,368 |
Birmingham Business Alliance Birmingham, AL | $3,411,239 | $5,026,644 |
Greater Knoxville Chamber Of Commerce Knoxville, TN | $3,687,066 | $4,489,464 |
Chamber Of Commerce-Huntsville-Madison County Huntsville, AL | $6,204,851 | $4,392,639 |
Alliance For Business & Training Northeast Tn Inc Johnson City, TN | $595,693 | $4,298,984 |