Southern Mutual Help Association Inc

Organization Overview

Southern Mutual Help Association Inc is located in New Iberia, LA. The organization was established in 1972. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Southern Mutual Help Association Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Mutual Help Association 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 12/2022, Southern Mutual Help Association Inc generated $814.4k 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 (5.9%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SOUTHERN MUTUAL HELP ASSOCIATION, INC.S MISSION IS TO BUILD STRONG, HEALTHY AND PROSPEROUS RURAL COMMUNITIES, WITH A SPECIAL EMPHASIS ON WOMEN, LOW-INCOME FAMILIES AND PEOPLE OF COLOR.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TECHE RIDGE - SOUTHERN MUTUAL HELP ASSOCIATION, INC.S (SMHAS) TECHE RIDGE IS A MASTER-PLANNED $150 MILLION TRADITIONAL NEIGHBORHOOD DESIGN (TND)/SMART GROWTH DEVELOPMENT THAT IS STRENGTHENING THE ECONOMY OF IBERIA PARISH, ATTRACTING (WHEN FULLY BUILT) HOMES, COMMERCIAL/RETAIL PROPERTY, CIVIC SPACE AND SENIOR LIVING TO THE COMMUNITY WITH A CONSERVATIVELY ESTIMATED ECONOMIC IMPACT OF NEARLY THREE-QUARTERS OF A BILLION DOLLARS. LIKE OTHER TNDS, TECHE RIDGE IS AN ENVIRONMENTALLY DESIRABLE NEIGHBORHOOD AS IT IS A HIGH-DENSITY, WALKABLE COMMUNITY THAT SAVES AGRICULTURAL LAND FROM SPRAWL. UNLIKE OTHER TNDS ALONG THE COAST THAT ARE PRICED OUT OF REACH OF MANY FAMILIES, SMHAS TECHE RIDGE IS THE FIRST NOT-FOR-PROFIT OWNED TND THAT IMPROVES THE ECONOMY OF THE AREA AND RETURNS BENEFIT TO THE COMMONS. TECHE RIDGE DEVELOPMENT PROVIDES REFUGE FROM FLOODS, BEING ON THE "RIDGEX AND NOT IN THE FLOOD ZONE.


BUILDING RURAL COMMUNITIES SMHAS BUILDING RURAL COMMUNITIES PROGRAM INCLUDES FAMILY AND COMMUNITY DEVELOPMENT ACTIVITIES AS WELL AS THE WEST END REVITALIZATION INITIATIVE. SMHA BUILDS EQUITABLE INSTITUTIONS, REMOVING THE BARRIERS KEEPING INDIVIDUALS, FAMILIES AND COMMUNITIES FROM PARTICIPATING AS EQUAL AND VALUED PARTICIPANTS IN CRITICAL POLICY CONVERSATIONS THAT IMPACT THEIR LIVES: ACCESS TO HEALTH CARE, ACCESS TO EDUCATION, ACCESS TO AFFORDABLE CAPITAL. SMHA TRANSFORMS EXISTING INSTITUTIONS WHEN THEY DONT WORK FOR FAMILIES AND COMMUNITIES, AND CREATES INSTITUTIONS WHEN NEEDED WHERE NONE EXISTED BEFORE, BUILDING CAPACITY, TRANSFERRING COMPETENCIES, AND CREATING LINKAGES. SMHA HAS FOUNDED SEVEN OTHER NOT-FOR-PROFIT ORGANIZATIONS AND INSTITUTIONS, CREATING MORE THAN $500 MILLION IN VALUE.SMHA LEVERAGES PRIVATE SECTOR INVESTMENT THROUGH A PARTNERSHIP PHILOSOPHY BASED IN LEARNINGS ABOUT BUSINESSES DOING BETTER WHEN THEY WORK IN COOPERATION WITH NOT-FOR-PROFIT COMMUNITY DEVELOPMENT CORPORATIONS. IT IS NOT ABOUT BUSINESSES HELPING NONPROFITS DO CHARITY WORK. IT IS ABOUT THE SYNERGY ACHIEVED WHEN PRIVATE AND NOT-FOR-PROFIT PARTNERS WORK TOGETHER TO ACHIEVE GOOD FOR THE COMMONS IN WAYS THAT GENERATE POSITIVE RETURNS FOR BOTH. SMHA SEEKS SOLUTIONS THAT ARE BOTH PROFITABLE AND FAIR ALLOWING FOR SUSTAINED IMPACT IN COMMUNITIES AND WITH FAMILIES.THROUGH THE WEST END REDEVELOPMENT INITIATIVE, SMHA AND COMMUNITY PARTNERS ARE REVITALIZING THE HISTORICALLY AND CULTURALLY IMPORTANT, PRIMARILY AFRICAN-AMERICAN WEST END COMMUNITY IN THE CITY OF NEW IBERIA. SMHAS WORK IMPROVING THE PHYSICAL ENVIRONMENT (IMPROVING THE CURB APPEAL OF HOMES AND BUSINESSES, REHABILITATING OWNER-OCCUPIED HOMES AND CONSTRUCTING FIVE BRAND NEW HOMES THE FIRST HOMES DEVELOPED FOR HOMEOWNERSHIP IN THE WEST END IN SEVERAL DECADES) AND BUILDING COMMUNITY LEADERSHIP AND CAPACITY TO MAKE CHANGE CATALYZED NUMEROUS COMMUNITY-LED IMPROVEMENT EFFORTS.


RURAL RECOVERY SMHAS RURAL RECOVERY INCLUDES MAN-MADE DISASTERS DUE TO PURPOSEFUL DISINVESTMENT AS WELL AS NATURAL DISASTERS. RURAL RECOVERY OF NECESSITY INCLUDES INVESTMENT FOR DEVELOPMENT IN RURAL COMMUNITIES, VILLAGES, TOWNS AND SMALLER CITIES. IT IS ESSENTIAL TO INVEST IN INNOVATIONS, ECONOMIC DEVELOPMENT, LEADERSHIP DEVELOPMENT, AGRICULTURAL, HOUSING AND NECESSARY INFRASTRUCTURE, AS WELL AS ATTENTION TO THE DISPROPORTIONATE IMPACT OF CLIMATE CHANGE HAS ON RURAL COMMUNITIES OF LOWER WEALTH AND OR PERSONS OF COLOR.SMHA'S RURAL RECOVERY RESPONSE IS BASED IN THE UNDERSTANDING THAT REBUILDING BETTER THAN BEFORE AFTER NATURAL/MANMADE DISASTER IS MORE THAN RECOVERING "PEOPLE AND STUFF." IT INCLUDES ADDRESSING THE FLOW OF WATER, THE TREATMENT OF LAND, WHERE WE LIVE AND HOW WE BUILD, AND MUST BE INFORMED BY THE EXPERIENCES OF PEOPLE WHO LIVED THROUGH AND ADJUSTED THEIR LIVES AND LIVELIHOODS IN THE AFTERMATH OF DISASTER. SMHA ENGAGES FAMILIES AND COMMUNITIES IN THEIR OWN RECOVERY, ENSURING THAT EFFORTS RESPECT FAMILIES' DEEP TIES TO PLACE AND THEIR ECONOMY THAT IS INEXTRICABLY TIED TO THE LAND AND WATERS.SMHA HAS SUPPORTED RURAL RECOVERY AFTER FIVE KEY DISASTERS: HURRICANE ANDREW IN 1992,HURRICANES KATRINA AND RITA IN 2005, THE BP DEEP HORIZON OIL SPILL IN 2010, FLOODING IN THE WEST END OF NEW IBERIA IN 2016, AND HURRICANE LAURA AND IDA IN 2020, CONNECTING THOUSANDS OF FAMILIES AND SMALL BUSINESSES TO GRANTS, LOANS AND VOLUNTEER LABOR THAT HELP MAKE RECOVERY POSSIBLE.


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Board, Officers & Key Employees

Name (title)Compensation
Lorna Bourg
President
$103,086
Helen Vinton
Sec Of The Bd
$0
Ashley Rogers
Board Member
$0
Juanita Mainster
Board Member
$0
Ashley Shelton
Board Member
$0
Roberta Madden
Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Lawnscapes Of Louisiana
Landscaping
$36,450
Corporation Service Company
Consulting
$13,960
Lurcy Marceaux
Supervisor
$22,400
Kolder Slaven & Company
Accounting
$56,593
Darnell Sikes Frederick
Cpa Firm
$12,750
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $21,750
All other contributions, gifts, grants, and similar amounts not included above$465,049
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$486,799
Total Program Service Revenue$313,014
Investment income $394
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $14,144
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 $814,351

Peer Organizations

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$11,912,331
Coordinating & Development Corp Louisiana Inc
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$3,192,579
Western Arkansas Planning And
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$2,503,780
Forge Financing Ozark Rural Growth And Economy
Huntsville, AR
$2,241,893
Southern Mutual Help Association Inc
New Iberia, LA
$814,351
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$1,435,252
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Texas Rural Communities Inc
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Northeast Louisiana Economic Alliance
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Mississippi Economic Growth Alliance And Point Of Presence
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Dixie Business Development Center Inc
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$298,587
Northeast Educational Development Foundation
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$176,277
Association Of Rural Communities In Texas
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$200,503
River Parishes Communitydevelopment Corporation
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$441
Lifestream Charities Inc
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$0
Linden Economic Development Corporation
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$139,145
East Mississippi Business Development Foundation
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$0
Linden Section 4b Economic Development Corporation
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$137,235
Coupland Water Supply Corporation
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Ateiku Christian Ministry
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