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 12/2021, 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 12/2021, Southern Mutual Help Association Inc generated $898.9k 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 (5.6%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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.
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 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lorna Bourg President | OfficerTrustee | 40 | $116,164 |
Helen Vinton Sec Of The Bd | OfficerTrustee | 5 | $0 |
Roberta Madden Chair | OfficerTrustee | 4 | $0 |
Martha Moore Treasurer | Officer | 6 | $0 |
Ashley Rogers Board Member | Trustee | 2 | $0 |
Juanita Mainster Board Member | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Lawnscapes Of Louisiana Landscaping | 12/30/21 | $37,146 |
Lurcy Marceaux Supervisor | 12/30/21 | $22,540 |
Kolder Slaven & Company Accounting | 12/30/21 | $61,370 |
Corporation Service Company Consulting | 12/30/21 | $13,855 |
Chad Bouton Maintenance | 12/30/21 | $5,460 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $32,113 |
All other contributions, gifts, grants, and similar amounts not included above | $560,753 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $592,866 |
Total Program Service Revenue | $136,555 |
Investment income | $1,674 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $16,265 |
Net Gain/Loss on Asset Sales | $57,603 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $898,903 |
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. | $106,990 |
Compensation of current officers, directors, key employees. | $15,482 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $270,359 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $25,286 |
Payroll taxes | $31,977 |
Fees for services: Management | $0 |
Fees for services: Legal | $233 |
Fees for services: Accounting | $77,795 |
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 | $21,747 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $11,058 |
Travel | $2,350 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $153,176 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,719 |
Insurance | $51,330 |
All other expenses | $358 |
Total functional expenses | $1,148,628 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $142,894 |
Savings and temporary cash investments | $830,606 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $400 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $198,439 |
Inventories for sale or use | $6,739,228 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $103,611 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $8,015,178 |
Accounts payable and accrued expenses | $7,016 |
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 | $3,799,953 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $919,685 |
Total liabilities | $4,726,654 |
Net assets without donor restrictions | $1,294,937 |
Net assets with donor restrictions | $1,993,587 |
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 | $8,015,178 |
Over the last fiscal year, we have identified 6 grants that Southern Mutual Help Association Inc has recieved totaling $316,800.
Awarding Organization | Amount |
---|---|
Ford Foundation New York, NY PURPOSE: GENERAL SUPPORT | $200,000 |
Marguerite Casey Foundation Seattle, WA PURPOSE: FOR GENERAL OPERATING SUPPORT. | $100,000 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $10,500 |
The Synergy Foundation Wilmington, DE PURPOSE: GENERAL PURPOSE OF CHARITY | $5,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $800 |
Lander Family Charitable Foundation Garden City, NY PURPOSE: GENERAL SUPPORT | $500 |
Beg. Balance | $1,237,127 |
Earnings | $1 |
Net Contributions | $97 |
Ending Balance | $1,237,225 |
Organization Name | Assets | Revenue |
---|---|---|
Black River Area Development Corporation Pocahontas, AR | $9,485,787 | $11,077,041 |
Coordinating & Development Corp Louisiana Inc Bossier City, LA | $518,798 | $4,124,909 |
Urban Partnerships Community Development Corporation Pearland, TX | $13,389,393 | $5,000,952 |
Western Arkansas Planning And Fort Smith, AR | $1,883,659 | $2,141,077 |
Little Rock Workforce Development Board Little Rock, AR | $359,522 | $1,935,959 |
Southern Mutual Help Association Inc New Iberia, LA | $8,015,178 | $898,903 |
Forge Financing Ozark Rural Growth And Economy Huntsville, AR | $10,015,357 | $2,246,755 |
Texas Rural Funders Austin, TX | $461,661 | $1,275,314 |
Centro Por La Justicia San Antonio, TX | $1,103,116 | $899,952 |
Mississippi Hills Heritage Area Alliance Inc University, MS | $57,717 | $481,249 |
Texas Rural Communities Inc Buda, TX | $8,589,466 | $617,251 |
Northeast Louisiana Economic Alliance Winnsboro, LA | $115,822 | $607,118 |