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Nonprofiteer
← MISSISSIPPI HOUSING PARTNERSHIP

Form 990 for tax year 2023

Filed by MISSISSIPPI HOUSING PARTNERSHIP.

Totals

Total revenue
$760,768
Total expenses
$816,608
Contributions and grants received
$732,803
Grants paid
$88,776
Program service revenue
$15,470
Investment income
$1,495
Other revenue
$11,000
Total assets, end of year
$4,891,881
Total liabilities, end of year
$6,281,099
Net assets or fund balances, end of year
-$1,389,218
Program services expenses (Part IX)
$603,679
Management and general expenses
$212,929
Fundraising expenses
$0
Program service expenses (Part III)
$603,679

Program services were 73.9% 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)

    $712,118

  • 1f · All other contributions, gifts and grants

    $20,685

  • 2a · Program service revenue: Program Income

    total $15,470 · related or exempt $15,470

  • 3 · Investment income

    total $1,495 · related or exempt $1,495

  • 8a · Fundraising events: gross income

    $11,000

  • 8c · Net income from fundraising events

    total $11,000

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $88,776 · program services $88,776

  • 5 · Compensation of officers, directors and key employees

    total $56,148 · management and general $56,148

  • 7 · Other salaries and wages

    total $400,904 · program services $339,803 · management and general $61,101

  • 9 · Other employee benefits

    total $15,058 · management and general $15,058

  • 10 · Payroll taxes

    total $10,210 · management and general $10,210

  • 11a · Fees: management

    total $88,893 · program services $83,083 · management and general $5,810

  • 11b · Fees: legal

    total $475 · management and general $475

  • 11c · Fees: accounting

    total $1,039 · management and general $1,039

  • 11g · Fees: other

    total $1,234 · management and general $1,234

  • 13 · Office expenses

    total $69,535 · program services $42,738 · management and general $26,797

  • 14 · Information technology

    total $15,189 · program services $7,743 · management and general $7,446

  • 16 · Occupancy

    total $38,604 · program services $23,046 · management and general $15,558

  • 17 · Travel

    total $18,329 · program services $17,649 · management and general $680

  • 19 · Conferences, conventions and meetings

    total $1,277 · management and general $1,277

  • 23 · Insurance

    total $4,892 · management and general $4,892

  • 24a · Other expenses: Miscellaneous

    total $6,045 · program services $841 · management and general $5,204

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $812,950 · end of year $809,930

  • 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 $1,375,125 · end of year $1,375,125

  • 17 · Accounts payable and accrued expenses

    beginning of year $680,529 · end of year $864,767

  • 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 $3,743,992 · end of year $3,702,868

  • 27 · Net assets without donor restrictions

    beginning of year -$1,060,708 · end of year -$1,206,842

  • 28 · Net assets with donor restrictions

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

Mission and programs · 2023

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

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $603,679 · Revenue $723,118

As filed on the 2023 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

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

  • Lester Diamond

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Timothy Collins

    Executive Director

    Total calculated
    $56,148
    From this org
    $51,873
    From related orgs
    $0
    Other
    $4,275
    Hours/week
    40

  • Robert Payne

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Helouise Lane

    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
2023
Filed
11 June 2025
IRS schema version
2023v6.0
Source object
202501629349301480

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