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Nonprofiteer
← MEMPHIS COMMUNITY HOUSING INC

Form 990 for tax year 2024

Filed by MEMPHIS COMMUNITY HOUSING INC.

Totals

Total revenue
$281,284
Total expenses
$355,168
Contributions and grants received
$208,838
Grants paid
$0
Program service revenue
$72,440
Investment income
$6
Other revenue
$0
Total assets, end of year
$745,381
Total liabilities, end of year
$2,127,770
Net assets or fund balances, end of year
-$1,382,389
Program services expenses (Part IX)
$286,423
Management and general expenses
$68,745
Fundraising expenses
$0
Program service expenses (Part III)
$286,423

Program services were 80.6% 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)

    $208,838

  • 2a · Program service revenue: RENTAL REVENUE

    total $72,440 · related or exempt $72,440

  • 3 · Investment income

    total $6 · excluded $6

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $52,812 · program services $26,406 · management and general $26,406

  • 9 · Other employee benefits

    total $5,580 · program services $5,580

  • 10 · Payroll taxes

    total $3,230 · program services $3,230

  • 11a · Fees: management

    total $20,685 · management and general $20,685

  • 11c · Fees: accounting

    total $17,837 · management and general $17,837

  • 20 · Interest

    total $3,066 · management and general $3,066

  • 22 · Depreciation, depletion and amortization

    total $98,210 · program services $98,210

  • 23 · Insurance

    total $35,857 · program services $35,857

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $76,747 · program services $76,747

  • 24b · Other expenses: UTILITIES

    total $40,393 · program services $40,393

  • 24c · Other expenses: MISCELLANEOUS

    total $414 · management and general $414

  • 24d · Other expenses: BAD DEBT

    total $337 · management and general $337

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $146,926 · end of year $165,775

  • 2 · Savings and temporary cash investments

    beginning of year $51,564 · end of year $59,778

  • 4 · Accounts receivable

    beginning of year $1,970 · end of year $6,496

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

    $1,538,615

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

    $1,030,639

  • 10c · Land, buildings and equipment, net

    beginning of year $606,186 · end of year $507,976

  • 15 · Other assets

    beginning of year $4,054 · end of year $5,356

  • 17 · Accounts payable and accrued expenses

    beginning of year $876,880 · end of year $881,078

  • 23 · Secured mortgages and notes payable

    beginning of year $1,184,484 · end of year $1,184,484

  • 25 · Other liabilities

    beginning of year $57,841 · end of year $62,208

  • 27 · Net assets without donor restrictions

    beginning of year -$1,308,505 · end of year -$1,382,389

Mission and programs · 2024

Mission

PROVIDE HOUSING TO THE MEDICALLY FRAGILE WITH CHRONIC OR SEVERE MENTAL ILLNESS

Activities or mission (Part I)

TO PROVIDE HOUSING TO THE MEDICALLY FRAGILE WITH CHRONIC OR SEVERE MENTAL ILLNESS

  • PROVIDE HOUSING TO THE MEDICALLY FRAGILE WITH CHRONIC OR SEVERE MENTAL ILLNESS

    Expenses $286,423 · Revenue $72,440

As filed on the 2024 return.

Listed in Part VII

  • TRENT MCVAY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • NINA STAPLES

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • MURPHYSTEEN COUNTS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • BEVERLY VANN

    TREASURER

    Total calculated
    $135,108
    From this org
    $0
    From related orgs
    $114,265
    Other
    $20,843
    Hours/week
    1

  • LAURIE POWELL

    CEO

    Total calculated
    $362,393
    From this org
    $0
    From related orgs
    $328,899
    Other
    $33,494
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $328,899 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,579 related
    Nontaxable benefits
    $0 + $21,915 related
    Filer's total
    $0 + $362,393 related

  • SHELBY THOMAS

    CFO

    Total calculated
    $186,080
    From this org
    $0
    From related orgs
    $160,333
    Other
    $25,747
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $160,333 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,200 related
    Nontaxable benefits
    $0 + $18,547 related
    Filer's total
    $0 + $186,080 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
28 October 2025
IRS schema version
2024v5.2
Source object
202523019349302277

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