Overview
What is Central Ms Housing And Development Corp?
Central Mississippi Housing and Development Corporation, established in Canton, Mississippi, is a dedicated nonprofit organization. Its primary mission is to develop and provide affordable housing options for low-income individuals, the elderly, and those with disabilities within the city. This mission is achieved through various activities, including the acquisition, development, construction, and operation of affordable housing facilities. By promoting and supporting the development of quality affordable housing, Central Mississippi Housing and Development Corporation aims to contribute positively to the community it serves. The organization's headquarters can be found at 120 Faith Lane, Canton, Mississippi, 39046.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (60%, Two-Star out of Four Star rating)
Central MS Housing and Development Corp has received a "Needs Improvement" rating from Charity Navigator, indicating significant areas for growth in accountability and finance. The organization has 100% of its board members being independent, which is a positive aspect. However, several important governance policies, including conflict of interest and whistleblower policies, are missing, which impacts their overall score.
The nonprofit shows a strong commitment to program expenses with a program expense ratio of 97.39%, indicating that the majority of its funds are directed towards its mission. Despite this positive aspect, the organization struggles with transparency, as evidenced by the absence of its website and tax documents listed on its tax form, leading to low scores in those areas.
Additionally, the organization's liabilities to assets ratio of 67.59% raises concerns about financial health, making it essential for Central MS Housing and Development Corp to address these issues to improve its ratings and public trust. Overall, while there are strengths in program focus, significant improvements in governance practices are necessary for better performance evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Central Ms Housing And Development Corp legitimate?
Central Ms Housing And Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Ms Housing And Development Corp 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: $0
For more financial information, click here
What is the mission statement of Central Ms Housing And Development Corp?
Central Mississippi Housing and Development Corporation's mission is to advocate for and support the creation of high-quality, affordable housing within the community it serves. This encompasses the acquisition, development, construction, and operation of such housing projects. The primary aim is to provide affordable housing solutions for low-income individuals, elderly persons, and those with disabilities.
What is the revenue of Central Ms Housing And Development Corp?
Central Ms Housing And Development Corp's revenue in 2022 was $210,737.
Who are the executives of Central Ms Housing And Development Corp and what are their salaries?
Here are 6 key members and their salaries:
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- Related: $103,494
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Where can I find the form 990 for Central Ms Housing And Development Corp?
Central Ms Housing And Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Central Ms Housing And Development Corp
Central Mississippi Housing and Development Corp is committed to promoting and supporting the development of high-quality affordable housing within the community it serves. This mission encompasses various activities, including the acquisition, development, construction, and operation of such housing. The primary focus of this nonprofit organization is to provide affordable housing solutions for low-income individuals, the elderly, and those with disabilities in the city of Canton, Mississippi. By fulfilling this mission, Central Mississippi Housing and Development Corp significantly contributes to ensuring that these vulnerable groups have access to safe, affordable housing options, thereby enhancing their overall quality of life.
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Impact
October, 2024
Central Ms Housing And Development Corp plays a vital role in enhancing the quality of life in Canton, Mississippi, by developing and providing affordable housing targeted at low-income, elderly, and handicapped individuals. The organization focuses on promoting and supporting the construction and operation of quality housing, addressing a critical need within the community. Their activities not only increase the availability of affordable homes but also contribute to the stability and well-being of vulnerable populations, fostering a more inclusive and supportive community environment. By prioritizing the development of accessible housing, Central Ms Housing And Development Corp helps ensure that all residents have the opportunity to secure safe and dignified living conditions.
This information is meant to be a general summary of Central Ms Housing And Development Corp. 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.
- Program Service Revenue: $40,901
- Gross Receipts: $210,737
Assets and Liabilities:
- Total Assets: $1,008,119
- Total Liabilities: $681,448
- Net Assets: $326,671
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING RENTAL
Revenue
$40,901
Organization Details
Founding Year
2012
Principal Officer
Stanford H Beasley Sr
NTEE Category
Code: L21 - Housing
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