Overview
What is Mississippi Housing Partnership?
Mississippi Housing Partnership (MHP) is a nonprofit organization situated in Jackson, Mississippi. Committed to its mission, MHP focuses on ensuring affordable housing for individuals with moderate to low incomes. During the 2021-2022 program year, they actively participated in various affordable housing programs, notably assisting homeless families and individuals in the Central Mississippi region, which includes Hinds, Madison, Rankin, Copiah, and Warren Counties. MHP directly provided supportive housing for at least 15 individuals who were previously homeless. In addition, as a HUD-certified housing counseling entity, MHP organized workshops centered on credit understanding, mortgage acquisition, and fair housing practices. MHP's ultimate objective is to foster a Mississippi where every family has the opportunity to reside in safe, decent, and affordable housing.
Official website here: www.mshousingpartnership.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 65%)
The Mississippi Housing Partnership has received a two-star rating from Charity Navigator, indicating that there are areas in need of improvement. The overall score of 65% reflects a solid level of performance but highlights significant issues, particularly in accountability and financial transparency. While the organization boasts 100% independent board members and has strong policies in place, such as conflict of interest and whistleblower policies, it lacks critical financial statements, which significantly impacts its score.
The organization demonstrates a commendable program expense ratio of 69.23%, suggesting that a substantial portion of its resources is directed towards its programs. However, the liabilities to assets ratio of 127.45% is concerning, indicating that the organization may have more liabilities than it can cover with its assets. This financial aspect raises questions about the stability and sustainability of its operations.
In summary, while the Mississippi Housing Partnership has established a framework of accountability and a strong emphasis on independent governance, the absence of financial statements and a concerning liabilities ratio suggest that potential donors should exercise caution. Addressing these gaps may enhance their operational effectiveness and overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Mississippi Housing Partnership legitimate?
Mississippi Housing Partnership is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mississippi Housing Partnership 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: $51,873
Professional Fundraising Fees: $0
Other Salaries and Wages: $441,699
For more financial information, click here
Official website here: www.mshousingpartnership.org
What is the mission statement of Mississippi Housing Partnership?
Mississippi Housing Partnership's mission is centered around ensuring that every family in Mississippi has access to safe, decent, and affordable housing. In line with this mission, the organization engages in various affordable housing programs and tasks, such as providing housing and services to homeless families and individuals in select areas. During the 2021-2022 program year, Mississippi Housing Partnership directly provided supportive housing for at least 15 previously homeless individuals. Additionally, the organization functions as a HUD Certified Housing Counseling entity, offering group homebuyer education workshops focusing on credit understanding, mortgage acquisition, and fair housing principles.
Official website here: www.mshousingpartnership.org
Who is the CEO of Mississippi Housing Partnership?
Timothy Collins is the Board Member of Mississippi Housing Partnership.
Official website here: www.mshousingpartnership.org
What is the revenue of Mississippi Housing Partnership?
Mississippi Housing Partnership's revenue in 2022 was $714,418.
Official website here: www.mshousingpartnership.org
Who are the executives of Mississippi Housing Partnership and what are their salaries?
The average compensation at Mississippi Housing Partnership during 2022 was $82,262. There are 6 employees at Mississippi Housing Partnership.
Here are 9 key members and their salaries:
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Official website here: www.mshousingpartnership.org
Where can I find the form 990 for Mississippi Housing Partnership?
Mississippi Housing Partnership's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mshousingpartnership.org
Learn more at the official website: www.mshousingpartnership.org
Mission Statement of Mississippi Housing Partnership
Mississippi Housing Partnership, a dedicated nonprofit organization, is committed to a mission of ensuring that every family in Mississippi has access to safe, decent, and affordable housing. In line with this mission, the organization actively engages in various affordable housing programs and tasks. During the 2021-2022 program year, Mississippi Housing Partnership facilitated the provision of housing and related services to homeless families and individuals in specific areas, including Hinds, Madison, Rankin, Copiah, and Warren Counties. The organization also provided direct supportive housing to at least 15 individuals who were previously homeless. Furthermore, as a HUD-certified housing counseling entity, Mississippi Housing Partnership conducted group homebuyer education workshops, focusing on topics such as credit understanding, mortgage acquisition, and fair housing practices. These initiatives reflect Mississippi Housing Partnership's unwavering commitment to providing affordable housing solutions for low and moderate-income families in Mississippi.
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Impact
July, 2024
Mississippi Housing Partnership's impact includes providing affordable housing to low and moderate-income level individuals in the Central MS area. During the 2021-2022 program year, they facilitated the identification and provision of housing and services for homeless families and individuals. Additionally, they directly provided supportive housing for at least 15 previously homeless individuals. As a HUD Certified Housing Counseling entity, Mississippi Housing Partnership conducted group homebuyer education workshops focusing on topics such as understanding credit, obtaining a mortgage, and fair housing. Their mission is to create a Mississippi where every family has access to safe, decent, and affordable housing.
This information is meant to be a general summary of Mississippi Housing Partnership. 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: $43,042
- Gross Receipts: $714,418
Assets and Liabilities:
- Total Assets: $4,900,675
- Total Liabilities: $6,245,994
- Net Assets: -$1,345,319
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Income Notes
Revenue
$43,042
Organization Details
Founding Year
1991
Phone
(601) 969-1895Principal Officer
Timothy Collins
Main Address
P O Box 22987, Jackson, MS, 39225
Website
www.mshousingpartnership.orgNTEE Category
Code: L20Z - Housing
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