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 12/2021, 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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Lorna Bourg
President
$116,164
Helen Vinton
Sec Of The Bd
$0
Roberta Madden
Chair
$0
Martha Moore
Treasurer
$0
Ashley Rogers
Board Member
$0
Juanita Mainster
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Lawnscapes Of Louisiana
Landscaping
$37,146
Lurcy Marceaux
Supervisor
$22,540
Kolder Slaven & Company
Accounting
$61,370
Corporation Service Company
Consulting
$13,855
Chad Bouton
Maintenance
$5,460
View All Vendors

Financial Statements

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

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Southern Mutual Help Association Inc has recieved totaling $316,800.

Awarding OrganizationAmount
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
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,237,127
Earnings$1
Net Contributions$97
Ending Balance$1,237,225

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