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Nonprofiteer
← NEW WAY MISSISSIPPI INC

Form 990 for tax year 2023

Filed by NEW WAY MISSISSIPPI INC.

Totals

Total revenue
$828,952
Total expenses
$1,024,961
Contributions and grants received
$388,025
Grants paid
$0
Program service revenue
$440,927
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,265,853
Total liabilities, end of year
$1,279,220
Net assets or fund balances, end of year
-$13,367
Program services expenses (Part IX)
$626,825
Management and general expenses
$397,095
Fundraising expenses
$1,041
Program service expenses (Part III)
$626,825

Program services were 61.2% 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.

  • 1f · All other contributions, gifts and grants

    $388,025

  • 2f · All other program service revenue

    total $440,927 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 24e · All other expenses

    total $1,024,961 · program services $626,825 · management and general $397,095 · fundraising $1,041

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $219,640 · end of year $383,452

  • 2 · Savings and temporary cash investments

    beginning of year $321,227

  • 9 · Prepaid expenses and deferred charges

    end of year $3,264

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

    $941,517

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

    $184,469

  • 10c · Land, buildings and equipment, net

    beginning of year $672,725 · end of year $757,048

  • 15 · Other assets

    beginning of year $204,766 · end of year $122,089

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,871 · end of year $88,861

  • 23 · Secured mortgages and notes payable

    beginning of year $1,073,815 · end of year $1,190,359

  • 25 · Other liabilities

    end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $310,672 · end of year -$13,367

Mission and programs · 2023

Mission

Provide transitional housing for the homeless, ex-offenders and disenfranchised individuals. Implemented a Employment Training Program for all program participants

  • Increase programmatic services to clients with emphasis on Employment Training and job retention services.

    Expenses $626,825 · Grants $388,024 · Revenue $828,951

As filed on the 2023 return.

Listed in Part VII

  • Larry

    PERRY

    Total calculated
    $87,500
    From this org
    $18,000
    From related orgs
    $0
    Other
    $69,500
    Hours/week
    40

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
2023
Filed
12 October 2024
IRS schema version
2023v5.1
Source object
202432869349300123

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