Form 990 for tax year 2024
Filed by SOUTHERN MUTUAL HELP ASSOCIATION INC.
Totals
- Total revenue
- $228,732
- Total expenses
- $621,140
- Contributions and grants received
- $219,771
- Grants paid
- $0
- Program service revenue
- $5,000
- Investment income
- $282
- Other revenue
- $3,679
- Total assets, end of year
- $6,097,271
- Total liabilities, end of year
- $4,470,173
- Net assets or fund balances, end of year
- $1,627,098
- Program services expenses (Part IX)
- $501,653
- Management and general expenses
- $106,818
- Fundraising expenses
- $12,669
- Program service expenses (Part III)
- $501,653
Program services were 80.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$9,534
-
1f · All other contributions, gifts and grants
$210,237
-
2a · Program service revenue: CONSTRUCTION REVENUE
-
2b · Program service revenue: MISC
total $5,000 · related or exempt $5,000
-
3 · Investment income
total $282 · excluded $282
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $3,678
-
6c · Rental income or loss
real property $3,678
-
6d · Net rental income or loss
total $3,678 · excluded $3,678
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10b · Cost of goods sold
-$1
-
10c · Net income from sales of inventory
total $1 · related or exempt $1
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $1,923 · management and general $1,923
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $142,113 · program services $102,064 · management and general $35,099 · fundraising $4,950
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $41,229 · program services $29,215 · management and general $10,597 · fundraising $1,417
-
10 · Payroll taxes
total $4,326 · program services $3,065 · management and general $1,112 · fundraising $149
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $27,753 · program services $19,704 · management and general $7,150 · fundraising $899
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $12,574 · program services $8,910 · management and general $3,232 · fundraising $432
-
17 · Travel
total $1,662 · program services $1,228 · management and general $383 · fundraising $51
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $130,650 · program services $119,017 · management and general $11,633
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $3,489 · program services $2,624 · management and general $763 · fundraising $102
-
23 · Insurance
total $24,489 · program services $17,358 · management and general $6,290 · fundraising $841
-
24a · Other expenses: OTHER CONSTRUCTION COSTS
total $145,681 · program services $122,250 · management and general $20,668 · fundraising $2,763
-
24b · Other expenses: REPAIRS & MAINTENANCE
total $58,301 · program services $52,389 · management and general $5,215 · fundraising $697
-
24c · Other expenses: TAXES & LICENSES
total $21,126 · program services $18,828 · management and general $2,027 · fundraising $271
-
24d · Other expenses: GRANT EXPENSE
total $3,000 · program services $3,000
-
24e · All other expenses
total $2,824 · program services $2,001 · management and general $726 · fundraising $97
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $14,119 · end of year $9,162
-
2 · Savings and temporary cash investments
beginning of year $440,142 · end of year $65,126
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $10,000 · end of year $10,000
-
8 · Inventories for sale or use
beginning of year $5,585,768 · end of year $5,920,295
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$544,274
-
10b · Land, buildings and equipment: accumulated depreciation
$451,589
-
10c · Land, buildings and equipment, net
beginning of year $96,174 · end of year $92,685
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $3
-
17 · Accounts payable and accrued expenses
end of year $1,380
-
22 · Loans and payables to officers and key people
end of year $80,000
-
23 · Secured mortgages and notes payable
beginning of year $2,900,511 · end of year $2,872,511
-
25 · Other liabilities
beginning of year $1,226,186 · end of year $1,516,282
-
27 · Net assets without donor restrictions
beginning of year $52,552 · end of year -$505,471
-
28 · Net assets with donor restrictions
beginning of year $1,966,954 · end of year $2,132,569
Mission and programs · 2024
Mission
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.
-
RURAL RECOVERY AND DEVELOPMENT SMHAs Rural Recovery and Development program provides assessment, planning, relief, recovery, and comprehensive redevelopment in economically distressed and disaster-impacted rural communities, including new construction of homes and renovation of homes, preservation of home ownership, promotion of new home ownership, provision of affordable housing for low and moderate-income families, leadership development through training and technical assistance, and facilitating conversations, cooperation and understanding among varied stakeholders. The program also includes addressing environmental concerns and assisting farmers and fishers with socio-economic challenges.
Expenses $304,025
-
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. Teche Ridge Development provides refuge from floods, being on the "ridge and not in the flood zone.
Expenses $197,628
As filed on the 2024 return.
Listed in Part VII
-
Juanita MainsterJUANITA MAINSTER
BOARD MEMBER
- Total calculated
- $6,472
- From this org
- $0
- From related orgs
- $0
- Other
- $6,472
- Hours/week
- 1
-
Lorna BourgLORNA BOURG
President
- Total calculated
- $1,923
- From this org
- $1,923
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Ashley RogersASHLEY ROGERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Ashley SheltonASHLEY SHELTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Roberta MaddenROBERTA MADDEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Judith V HerringJUDITH V HERRING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Senator Fred MillsSENATOR FRED MILLS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Margaret RitcheyMARGARET RITCHEY
Chairman
- Total calculated
- $0
- Hours/week
- 4
-
Martha MooreMARTHA MOORE
Treasurer
- Total calculated
- $0
- Hours/week
- 6
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
SOUTHERN MUTUAL FINANCIAL SERVICES INC
501(c)(3) · CDFI · LA · controlled entity
-
501(c)(3) · FAMILY AND COMMUNITY DEVELOPMENT · LA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
TECHE RIDGE LLC
HOME DEVELOPMENT · LA · income $15,751 · assets $4,098,066
Directly controlled by SOUTHERN MUTUAL HELP ASSOCIATION INC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202501359349304930
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