Overview
What is Midsouth Affordable Housing Solutions Inc?
Midsouth Affordable Housing Solutions Inc is a nonprofit organization that focuses on revitalizing communities by preserving housing. They demonstrate their mission by investing in dilapidated homes in historically significant areas, such as Memphis, Tennessee. Through comprehensive renovations, they bring these properties up to code, ensuring safety and functionality by repairing plumbing, HVAC, and electrical systems. They also add necessary safety features, like a fire exit, and make necessary adjustments to accommodate living spaces. Furthermore, they have renovated an unsafe, uninhabitable home in a low-income census tract, selling it to an owner-occupant, thereby restoring a historic structure and removing blight from the community. By engaging in these projects, Midsouth Affordable Housing Solutions contributes to enhancing the living conditions and overall well-being of the communities they serve.
Is Midsouth Affordable Housing Solutions Inc legitimate?
Midsouth Affordable Housing Solutions Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midsouth Affordable Housing Solutions Inc submitted a form 990EZ, 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
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What is the mission statement of Midsouth Affordable Housing Solutions Inc?
Midsouth Affordable Housing Solutions Inc aims to revitalize communities by focusing on preserving housing. They accomplish this by acquiring and restoring dilapidated homes, bringing them up to code, and making them suitable for habitation. An example of their work includes a project in a historic Memphis district, where they repaired a home, ensuring compliance with plumbing, HVAC, and electrical standards, and adding necessary safety features. In another instance, they completed a full renovation of an unsafe and uninhabitable home in a low-income census tract, selling it to an owner-occupant and eliminating blight from the community while preserving a historic structure.
Who is the CEO of Midsouth Affordable Housing Solutions Inc?
Brad Rainey is the CEO of Midsouth Affordable Housing Solutions Inc The CEO's salary of Midsouth Affordable Housing Solutions Inc is $0 and their total compensation is $0.
What is the revenue of Midsouth Affordable Housing Solutions Inc?
Midsouth Affordable Housing Solutions Inc's revenue in 2023 was $0.
Who are the executives of Midsouth Affordable Housing Solutions Inc and what are their salaries?
Here are 3 key members and their salaries (Midsouth Affordable Housing Solutions Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Midsouth Affordable Housing Solutions Inc?
Midsouth Affordable Housing Solutions Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of Midsouth Affordable Housing Solutions Inc
Midsouth Affordable Housing Solutions, a nonprofit organization, is dedicated to revitalizing communities by focusing on preserving housing. They demonstrate this commitment by undertaking projects that involve restoring dilapidated homes. For instance, they transformed a neglected property in a historic Memphis district, bringing it up to code by addressing issues with plumbing, HVAC, and electricity. Furthermore, they added a fire exit from the second floor and made necessary adjustments to render the house livable.
In another instance, Midsouth Affordable Housing Solutions tackled an unsafe and uninhabitable home located in a low-income census tract and historic district. After completing a full renovation, they sold the property to an owner-occupant, effectively removing blight from the community while preserving a historic structure. By undertaking such projects, Midsouth Affordable Housing Solutions contributes to the betterment of communities by improving housing conditions and promoting safe living environments.
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Impact
October, 2024
Midsouth Affordable Housing Solutions Inc has a significant impact on community revitalization through its dedicated efforts to preserve and improve housing in Memphis. By purchasing dilapidated homes in historic districts, the organization takes on the critical task of renovating properties that are unsafe and uninhabitable. Their work not only addresses housing deficiencies but also enhances the overall aesthetic and safety of neighborhoods.
For instance, their recent initiative involved a comprehensive renovation of a neglected home, where they ensured that essential systems like plumbing, HVAC, and electrical work were brought up to code. Additionally, they improved safety by adding a fire exit, significantly enhancing the livability of the space. By selling these renovated homes to owner-occupants, Midsouth Affordable Housing Solutions not only provides affordable housing options but also fosters community stability and ownership.
This approach effectively removes blight from neighborhoods while restoring historical structures, enriching the cultural fabric of the community. Their mission contributes to a healthier, more vibrant Memphis, addressing the dual challenges of affordable housing and community enhancement. Overall, the impact of Midsouth Affordable Housing Solutions is profound, promoting both individual well-being and broader urban revitalization.
This information is meant to be a general summary of Midsouth Affordable Housing Solutions Inc. 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 2023.
Assets and Liabilities:
- Total Assets: $11,849
- Total Liabilities: $249
- Net Assets: $11,600
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Organization Details
Principal Officer
Brad Rainey
NTEE Category
Code: S20 - Community improvement
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