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Nonprofiteer
← MID-SOUTH HOUSING FOUNDATION

Form 990 for tax year 2023

Filed by MID-SOUTH HOUSING FOUNDATION.

Totals

Total revenue
$200,095
Total expenses
$170,130
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$140,617
Investment income
$59,478
Other revenue
$0
Total assets, end of year
$27,227,591
Total liabilities, end of year
$109,732
Net assets or fund balances, end of year
$27,117,859
Program services expenses (Part IX)
$0
Management and general expenses
$170,130
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.

  • 2a · Program service revenue: MORTGAGE INTEREST INCOME

    total $140,502 · excluded $140,502

  • 2b · Program service revenue: DONATIONS

    total $115 · excluded $115

  • 3 · Investment income

    total $59,478 · related or exempt $58,612 · excluded $866

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $108,496 · management and general $108,496

  • 11c · Fees: accounting

    total $9,236 · management and general $9,236

  • 11g · Fees: other

    total $18,000 · management and general $18,000

  • 13 · Office expenses

    total $807 · management and general $807

  • 17 · Travel

    total $465 · management and general $465

  • 23 · Insurance

    total $4,827 · management and general $4,827

  • 24a · Other expenses: CHARITABLE CONTRIBUTIONS

    total $26,750 · management and general $26,750

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $999 · management and general $999

  • 24c · Other expenses: SEMINARS & CONFERENCES

    total $550 · management and general $550

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $134,436 · end of year $36,513

  • 4 · Accounts receivable

    beginning of year $5,000 · end of year $5,000

  • 7 · Other notes and loans receivable

    beginning of year $20,304,364 · end of year $20,420,873

  • 15 · Other assets

    beginning of year $6,706,594 · end of year $6,765,205

  • 17 · Accounts payable and accrued expenses

    end of year $9,732

  • 25 · Other liabilities

    beginning of year $62,500 · end of year $100,000

  • 27 · Net assets without donor restrictions

    beginning of year $27,087,894 · end of year $27,117,859

Mission and programs · 2023

Mission

TO ENGAGE IN THE DEVELOPMENT, FINANCING, CONSTRUCTION, RENOVATION, REHABILITATION, MANAGEMENT, AND OTHERWISE PROVIDING FOR AND FOSTERING LOW AND MODERATE INCOME HOUSING IN THE MID-SOUTH.

  • PROVIDE PERMANENT LONG-TERM FINANCING TO AFFORDABLE HOUSING DEVELOPMENTS.

  • ALL SALARIES AND ALL EXPENSES HAVE BEEN SPENT IN SERVICING AND COLLECTING THE OUTSTANDING MORTGAGE LOAN PAYMENTS AND IN PURSUING FUNDING FOR ADDITIONAL AFFORDABLE HOUSING DEVELOPMENTS. ADDITIONALLY, WORKING WITH OTHER NON-PROFITS TO OBTAIN GRANTS TO FUND SERVICES TO LOW INCOME RESIDENTS IN AFFORDABLE HOUSING DEVELOPMENTS.

As filed on the 2023 return.

Listed in Part VII

  • Clarence W Chapman

    PRESIDENT

    Total calculated
    $54,203
    From this org
    $0
    From related orgs
    $0
    Other
    $54,203
    Hours/week
    8

  • Clarence C Chapman Jr

    SECRETARY

    Total calculated
    $18,341
    From this org
    $0
    From related orgs
    $0
    Other
    $18,341
    Hours/week
    4

  • John Schmidt

    TREASURER

    Total calculated
    $14,512
    From this org
    $0
    From related orgs
    $0
    Other
    $14,512
    Hours/week
    4

  • John Chapman

    DIRECTOR

    Total calculated
    $5,841
    From this org
    $0
    From related orgs
    $0
    Other
    $5,841
    Hours/week
    4

  • Charles McClelland

    DIRECTOR

    Total calculated
    $0

  • Sally Shy

    DIRECTOR

    Total calculated
    $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.

Provenance

Return type
form_990
Tax year
2023
Filed
19 July 2024
IRS schema version
2023v5.0
Source object
202412019349300241

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