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← MISSISSIPPI HOUSING PARTNERSHIP

Form 990 for tax year 2024

Filed by MISSISSIPPI HOUSING PARTNERSHIP.

Totals

Total revenue
$829,357
Total expenses
$820,195
Contributions and grants received
$804,772
Grants paid
$88,938
Program service revenue
$19,713
Investment income
$1,872
Other revenue
$3,000
Total assets, end of year
$4,896,931
Total liabilities, end of year
$6,218,137
Net assets or fund balances, end of year
-$1,321,206
Program services expenses (Part IX)
$629,600
Management and general expenses
$190,595
Fundraising expenses
$0
Program service expenses (Part III)
$629,600

Program services were 76.8% 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)

    $784,216

  • 1f · All other contributions, gifts and grants

    $20,556

  • 2a · Program service revenue: Program Income

    total $19,713 · related or exempt $19,713

  • 3 · Investment income

    total $1,872 · related or exempt $1,872

  • 8a · Fundraising events: gross income

    $3,000

  • 8c · Net income from fundraising events

    total $3,000

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $88,938 · program services $88,938

  • 5 · Compensation of officers, directors and key employees

    total $51,873 · management and general $51,873

  • 7 · Other salaries and wages

    total $421,945 · program services $368,705 · management and general $53,240

  • 9 · Other employee benefits

    total $16,050 · management and general $16,050

  • 10 · Payroll taxes

    total $9,444 · management and general $9,444

  • 11a · Fees: management

    total $92,444 · program services $88,875 · management and general $3,569

  • 11c · Fees: accounting

    total $500 · management and general $500

  • 13 · Office expenses

    total $31,200 · program services $15,342 · management and general $15,858

  • 14 · Information technology

    total $3,717 · management and general $3,717

  • 16 · Occupancy

    total $45,612 · program services $25,975 · management and general $19,637

  • 17 · Travel

    total $43,043 · program services $32,677 · management and general $10,366

  • 20 · Interest

    total $638 · management and general $638

  • 23 · Insurance

    total $6,117 · program services $414 · management and general $5,703

  • 24a · Other expenses: Miscellaneous

    total $1,638 · program services $1,638

  • 24b · Other expenses: Rehab Costs

    total $7,036 · program services $7,036

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $809,930 · end of year $814,980

  • 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 $864,767 · end of year $801,458

  • 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 $53,000

  • 23 · Secured mortgages and notes payable

    beginning of year $3,702,868 · end of year $3,707,465

  • 27 · Net assets without donor restrictions

    beginning of year -$1,206,842 · end of year -$1,138,830

  • 28 · Net assets with donor restrictions

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

Mission and programs · 2024

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

  • During the noted period, Mississippi Housing Partnership (MHP) helped numerous low-and moderate-income families, thus further propelling our affordable housing mission. MHP provided rental assistance for at least 48 households, and 50 households received utility assistance. MHP was able to directly defray costs related to temporary housing for homeless families and/or individuals. This was done via hotel lodging as roughly 15 homeless persons, primarily women and children were assisted. As a HUD-certified counseling agency, MHP held numerous pre and post purchase group/individual housing counseling sessions enlisting a totality of approximately 60 participants.

    Expenses $629,600 · Revenue $784,216

As filed on the 2024 return.

Listed in Part VII

  • Timothy Collins

    Executive Director

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

  • Seth Shannon

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • George Broadstreet

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Kenneth Paige

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Carol Blackmon

    Board Chair

    Total calculated
    $0
    Hours/week
    2

  • Lester Diamond

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Robert Payne

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Helouise Lane

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Yolanda Campbell

    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
2024
Filed
27 May 2026
IRS schema version
2024v5.2
Source object
202631479349300743

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