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Nonprofiteer
← MISSISSIPPI HOUSING PARTNERSHIP

Form 990 for tax year 2022

Filed by MISSISSIPPI HOUSING PARTNERSHIP.

Totals

Total revenue
$744,019
Total expenses
$730,281
Contributions and grants received
$704,546
Grants paid
$104,398
Program service revenue
$26,639
Investment income
$2,784
Other revenue
$10,050
Total assets, end of year
$4,894,901
Total liabilities, end of year
$6,137,985
Net assets or fund balances, end of year
-$1,243,084
Program services expenses (Part IX)
$522,725
Management and general expenses
$207,556
Fundraising expenses
$0
Program service expenses (Part III)
$522,725

Program services were 71.6% 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)

    $616,652

  • 1f · All other contributions, gifts and grants

    $87,894

  • 2a · Program service revenue: Program Income

    total $26,639 · related or exempt $26,639

  • 3 · Investment income

    total $2,784 · related or exempt $2,784

  • 6a · Gross rents

    real property $4,550

  • 6c · Rental income or loss

    real property $4,550

  • 6d · Net rental income or loss

    total $4,550

  • 8a · Fundraising events: gross income

    $5,500

  • 8c · Net income from fundraising events

    total $5,500

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $104,398 · program services $104,398

  • 5 · Compensation of officers, directors and key employees

    total $51,873 · management and general $51,873

  • 7 · Other salaries and wages

    total $360,494 · program services $297,034 · management and general $63,460

  • 9 · Other employee benefits

    total $21,854 · program services $6,805 · management and general $15,049

  • 10 · Payroll taxes

    total $10,582 · management and general $10,582

  • 11a · Fees: management

    total $61,943 · program services $56,806 · management and general $5,137

  • 11b · Fees: legal

    total $5,770 · program services $5,095 · management and general $675

  • 11c · Fees: accounting

    total $5,651 · management and general $5,651

  • 11g · Fees: other

    total $525 · program services $525

  • 13 · Office expenses

    total $32,680 · program services $12,021 · management and general $20,659

  • 14 · Information technology

    total $3,772 · management and general $3,772

  • 16 · Occupancy

    total $38,328 · program services $23,364 · management and general $14,964

  • 17 · Travel

    total $8,954 · program services $7,363 · management and general $1,591

  • 20 · Interest

    total $1,818 · management and general $1,818

  • 23 · Insurance

    total $5,994 · program services $874 · management and general $5,120

  • 24a · Other expenses: Miscellaneous

    total $15,645 · program services $8,440 · management and general $7,205

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $818,725 · end of year $812,950

  • 7 · Other notes and loans receivable

    beginning of year $2,704,015 · end of year $2,704,015

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,811 · end of year $2,811

  • 10a · Land, buildings and equipment: cost or other basis

    $1,870,322

  • 10b · Land, buildings and equipment: accumulated depreciation

    $495,197

  • 10c · Land, buildings and equipment, net

    beginning of year $1,375,124 · end of year $1,375,125

  • 17 · Accounts payable and accrued expenses

    beginning of year $798,566 · end of year $680,529

  • 19 · Deferred revenue

    beginning of year $1,656,214 · end of year $1,656,214

  • 22 · Loans and payables to officers and key people

    beginning of year $57,250 · end of year $57,250

  • 23 · Secured mortgages and notes payable

    beginning of year $3,733,964 · end of year $3,743,992

  • 27 · Net assets without donor restrictions

    beginning of year -$1,162,943 · end of year -$1,060,708

  • 28 · Net assets with donor restrictions

    beginning of year -$182,376 · end of year -$182,376

Mission and programs · 2022

Mission

To create a Mississippi where every family has access to safe, decent, and affordable housing.

Activities or mission (Part I)

To provide affordable housing to low and moderate income level individuals

  • During the noted period, Mississippi Housing Partnership (MHP) advanced its affordable housing mission by utilizing grant funds to provide rental and/or utility assistance for roughly 70 low- income househoulds. These funds also allowed us to cover hotel or temporary housing costs for at least 30 homeless individuals, including adults with children. MHP provided rental housing for 15 very low-income families. As a HUD- Certified Counceling Agency, MHP continued to conduct pre-purchase and rental housing counseling, where more than 65 persons participated in group education sessions. Foreclosure Mitigation Counseling was also provided for close to 80 homeowners

    Expenses $522,725 · Revenue $616,652

As filed on the 2022 return.

Listed in Part VII

  • Seth Shannon

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • George Broadstreet

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Gloria Johnson

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Gloria Jones Gross

    Board Secretary

    Total calculated
    $0
    Hours/week
    2

  • Kenneth Paige

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Carol Blackmon

    Board Chair

    Total calculated
    $0
    Hours/week
    2

  • Lester Diamond

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Timothy Collins

    Executive Director

    Total calculated
    $55,673
    From this org
    $51,873
    From related orgs
    $0
    Other
    $3,800
    Hours/week
    40

  • Robert Payne

    Board Member

    Total calculated
    $0
    Hours/week
    2

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.

Provenance

Return type
form_990
Tax year
2022
Filed
7 August 2024
IRS schema version
2022v5.0
Source object
202442209349300624

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