Overview
What is South Mississippi Housing & Development Corporation?
South Mississippi Housing & Development Corporation is a nonprofit organization situated in Gulfport, Mississippi. Their primary mission is to alleviate the burden on government by addressing the persistent issue of affordable housing shortage in the South Mississippi area. They achieve this by managing and developing sustainable housing solutions for the underprivileged, distressed, and impoverished individuals within their community. Their work aims to provide a relief to the government and ensure that everyone has access to decent living spaces. With a team of 14 dedicated individuals, this organization plays a significant role in addressing this pressing concern in their region.
Official website here: www.smhd.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 88% (Three-Star out of Four Stars)
The South Mississippi Housing & Development Corporation has received a strong rating of 88%, highlighting its solid performance in accountability and finance. The organization demonstrates commendable governance with a fully independent board and strong oversight mechanisms. With a program expense ratio of nearly 90%, it shows a commitment to using the majority of its resources for its mission-related activities.
Despite its strengths, there are areas for improvement, particularly regarding its policies. The organization is missing a whistleblower policy and a document retention policy, which are critical for transparency and accountability. Additionally, the tax form is not available on the nonprofit's website, which could limit access to important financial information for stakeholders.
Overall, while the South Mississippi Housing & Development Corporation has shown effective financial management and governance, addressing the noted policy gaps would enhance its credibility and transparency for donors and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is South Mississippi Housing & Development Corporation legitimate?
South Mississippi Housing & Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Mississippi Housing & Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $428,421
For more financial information, click here
Official website here: www.smhd.org
What is the mission statement of South Mississippi Housing & Development Corporation?
The South Mississippi Housing & Development Corporation's mission is centered around managing and developing sustainable housing solutions for individuals who are economically disadvantaged, distressed, or underprivileged. Their primary objective is to alleviate the burden on local government by addressing the persistent issue of affordable housing shortage in the South Mississippi region. By focusing on this mission, they aim to contribute significantly to improving housing conditions in the community.
Official website here: www.smhd.org
Who is the CEO of South Mississippi Housing & Development Corporation?
Justin Brooks is the Chairman of South Mississippi Housing & Development Corporation.
Official website here: www.smhd.org
What is the revenue of South Mississippi Housing & Development Corporation?
South Mississippi Housing & Development Corporation's revenue in 2022 was $3,038,218.
Official website here: www.smhd.org
Who are the executives of South Mississippi Housing & Development Corporation and what are their salaries?
The average compensation at South Mississippi Housing & Development Corporation during 2022 was $30,602. There are 14 employees at South Mississippi Housing & Development Corporation.
Here are 18 key members and their salaries:
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- Related: $154,681
- Other: $40,230
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- Related: $111,423
- Other: $32,927
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- Related: $60,595
- Other: $16,704
Official website here: www.smhd.org
Where can I find the form 990 for South Mississippi Housing & Development Corporation?
South Mississippi Housing & Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.smhd.org
Learn more at the official website: www.smhd.org
Mission Statement of South Mississippi Housing & Development Corporation
South Mississippi Housing & Development Corporation, in its mission, aims to alleviate the persistent issue of affordable housing shortage in the South Mississippi region. The organization takes on this responsibility by managing and developing sustainable housing solutions for those who are economically disadvantaged, distressed, and underprivileged. By addressing this ongoing challenge, South Mississippi Housing & Development Corporation seeks to ease the government's burden in this area. Their primary goal is to create a living environment that supports the needs of the underprivileged community, thereby contributing to a more equitable society.
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Impact
October, 2024
South Mississippi Housing & Development Corporation plays a crucial role in managing and developing sustainable housing solutions for the poor, distressed, and underprivileged individuals in the South Mississippi area. By addressing the pressing affordable housing shortage, they not only provide essential housing assistance but also help alleviate the burdens placed on government resources. Their efforts contribute significantly to improving the quality of life for vulnerable populations, ensuring that everyone has access to safe and sustainable living conditions. This organization fosters community stability, increases housing opportunities, and promotes overall economic development within the region.
This information is meant to be a general summary of South Mississippi Housing & Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,317
- Program Service Revenue: $2,237,329
- Gross Receipts: $3,038,218
Assets and Liabilities:
- Total Assets: $21,629,146
- Total Liabilities: $217,142
- Net Assets: $21,412,004
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL REVENUE
Revenue
$1,566,300
TENANT NON-RENTAL REVENUE
Revenue
$103,849
AFFORDABLE HOUSING MANAGEMENT FEE INCOME
Revenue
$256,121
AFFORDABLE HOUSING DEVELOPER FEE INCOME
Revenue
$263,260
OTHER AFFORDABLE HSG PROGRAM CHARGES
Revenue
$47,799
Organization Details
Founding Year
2006
Phone
(228) 287-0106Principal Officer
Justin Brooks
Main Address
PO BOX 2099, GULFPORT, MS, 395052099
Website
www.smhd.orgNTEE Category
Code: L21 - Housing
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