Totals
- Total revenue
- $570,564
- Total expenses
- $772,796
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $570,564
- Total assets, end of year
- $1,466,988
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,466,988
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $772,796
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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.
-
11a · Other revenue: OTHER REVENUE
total $567,849 · related or exempt $567,849
-
11b · Other revenue: INVESTMENT INCOME
total $2,715 · related or exempt $2,715
-
11e · Other revenue, total
$570,564
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $134,800 · management and general $134,800
-
11g · Fees: other
total $637,996 · management and general $637,996
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,672,859 · end of year $1,458,412
-
4 · Accounts receivable
beginning of year $7,767 · end of year $5,668
-
13 · Investments: program-related
beginning of year $3,994 · end of year $2,908
-
17 · Accounts payable and accrued expenses
beginning of year $15,400 · end of year $0
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $1,669,220 · end of year $1,466,988
Mission and programs · 2023
Mission
TO SERVE, OR PROVIDE INVESTMENT CAPITAL FOR, LOW-INCOME COMMUNITIES AND LOW-INCOME PERSONS, AS DEFINED IN SECTION 45D(C) OF THE INTERNAL REVENUE CODE OF 1986; TO SEEK CERTIFICATION FROM THE UNITED STATES DEPARTMENT OF THE TREASURY FOR THE CORPORATION AS A QUALIFIED COMMUNITY DEVELOPMENT ENTITY; TO APPLY FOR SUCH FEDERAL TAX CREDITS AND OTHER BENEFITS AVAILABLE.
Activities or mission (Part I)
TO SERVE, OR PROVIDE INVESTMENT CAPITAL FOR, LOW-INCOME COMMUNITIES OR LOW-INCOME PERSONS.
-
TO SUB-ALLOCATE FEDERAL AND MISSISSIPPI NEW MARKETS TAX CREDIT ("NMTC") INVESTMENT AUTHORITY TO VARIOUS SUBSIDIARY COMMUNITY DEVELOPMENT ENTITIES; SUB-ALLOCATED $10,000,000 OF ITS FEDERAL NMTC ALLOCATION TO 3 RIVERS SUB-CDE 3, LLC; SUB-ALLOCATED $8,000,000 OF ITS FEDERAL NMTC ALLOCATIONS TO 3 RIVERS SUB-CDE 5, LLC; SUB-ALLOCATED $4,000,000 OF ITS FEDERAL NMTC ALLOCATIONS TO 3 RIVERS SUB-CDE 6, LLC; SUB-ALLOCATED $8,000,000 OF ITS FEDERAL NMTC ALLOCATIONS TO 3 RIVERS SUB-CDE 7, LLC; SUB-ALLOCATED $5,000,000 OF ITS FEDERAL NMTC ALLOCATIONS TO 3 RIVERS SUB-CDE 8, LLC; SUB-ALLOCATED $5,000,000 OF ITS MISSISSIPPI NMTC ALLOCATION TO 3 RIVERS SUB-CDE 3, LLC; SUB-ALLOCATED $2,905,408 OF ITS MISSISSIPPI NMTC ALLOCATION TO 3 RIVERS SUB-CDE 5; SUB-ALLOCATED $4,831,062 OF ITS MISSISSIPPI NMTC ALLOCATION TO 3 RIVERS SUB-CDE 6; SUB-ALLOCATED $6,452,704 OF ITS MISSISSIPPI NMTC ALLOCATION TO 3 RIVERS SUB-CDE 7; AND SUB-ALLOCATED $8,750,000 OF ITS MISSISSIPPI NMTC ALLOCATION TO 3 RIVERS SUB-CDE 8
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
J R DentonJ R DENTON
CALHOUN COUNTY DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Anderson McFarlandANDERSON MCFARLAND
CHICKASAW COUNTY DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Eric HughesERIC HUGHES
ITAWAMBA COUNTY DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Mike RobertsMIKE ROBERTS
LAFAYETTE COUNTY DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Cleavon SmithCLEAVON SMITH
LEE COUNTY DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Billy KirkpatrickBILLY KIRKPATRICK
MONROE COUNTY DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Ernie WrightERNIE WRIGHT
PONTOTOC COUNTY DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Danny JordanDANNY JORDAN
UNION COUNTY DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Larry CogginLARRY COGGIN
FINANCIAL/BANKING DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Mike StatenMIKE STATEN
FINANCIAL/BANKING DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Shane ClaytonSHANE CLAYTON
FINANCIAL/BANKING DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
John GastonJOHN GASTON
FINANCIAL/BANKING DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
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.
-
THREE RIVERS PLANNING AND DEVELOPMENT DISTRICT INC
501(C)3 · DEPLOYING CAPITAL FOR ECONOMIC DEVELOPMENT PROJECTS · MS
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.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
3 RIVERS SUB-CDE 3 LLC
UNRELATED · LENDING · MS · 0.01% owned
-
3RIV STATE FUND A LLC
UNRELATED · LENDING · MS · 0.01% owned
-
3 RIVERS SUB-CDE 5 LLC
UNRELATED · LENDING · MS · 0.01% owned
-
3 RIVERS SUB-CDE 6 LLC
UNRELATED · LENDING · MS · 0.01% owned
-
3 RIVERS SUB-CDE 7 LLC
UNRELATED · LENDING · MS · 0.01% owned
-
3 RIVERS SUB-CDE 8 LLC
UNRELATED · LENDING · MS · 0.01% owned
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 19 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413259349300246
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