Civic Intelligence

Midlands Housing Trust Fund

EIN 27-4149384 • 501(c)3 • Columbia, SC

Profile

The organization will create and preserve the stock of affordable housing in the central midlands region of south carolina through financing and technical assistance of affordable housing projects. The organization is a regional housing trust fund with the functions and duties in keeping with the requirements of the william c mescher local housing trust fund act. The organization focuses on projects serving low to moderate income households who struggle to secure housing including people who work at low wage jobs, people with disabilities and other special needs. In addition, on august 15, 2016, the fund was certified by the us department of treasury as a community development financial institution (cdfi).

1201 Main Street 1480Columbia, SC 29201

www.midlandshousing.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

70th percentile

0.24x

Higher debt load relative to assets than 70% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

1.74x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

90th percentile

54%

Higher net margin than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

51st percentile

$60,990

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

54th percentile

4.9%

Faster asset growth than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

11th percentile

-30%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$3,137,252

Up $145,544 (+4.9%) from 2023

Liabilities

Down

$757,373

Down $88,291 (-10%) from 2023

Net Assets

Up

$2,379,879

Up $233,835 (+11%) from 2023

Revenue

Down

$436,132

Down $185,358 (-30%) from 2023

Expenses

Up

$202,297

Up $19,976 (+11%) from 2023

Net Income

Down

$233,835

Down $205,334 (-47%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $108,657Net Assets 2012: $108,6572012Assets 2013: $141,375Liabilities 2013: $0Net Assets 2013: $141,3752013Assets 2014: $173,380Liabilities 2014: $2,908Net Assets 2014: $170,4722014Assets 2015: $726,425Liabilities 2015: $148,423Net Assets 2015: $578,0022015Assets 2016: $1,188,166Liabilities 2016: $353,683Net Assets 2016: $834,4832016Assets 2017: $1,239,925Liabilities 2017: $351,378Net Assets 2017: $888,5472017Assets 2018: $1,274,588Liabilities 2018: $282,521Net Assets 2018: $992,0672018Assets 2019: $1,232,835Liabilities 2019: $267,923Net Assets 2019: $964,9122019Assets 2020: $1,342,523Liabilities 2020: $249,084Net Assets 2020: $1,093,4392020Assets 2021: $2,586,096Liabilities 2021: $1,419,443Net Assets 2021: $1,166,6532021Assets 2022: $2,506,175Liabilities 2022: $799,300Net Assets 2022: $1,706,8752022Assets 2023: $2,991,708Liabilities 2023: $845,664Net Assets 2023: $2,146,0442023Assets 2024: $3,137,252Liabilities 2024: $757,373Net Assets 2024: $2,379,8792024

Highlighted filing

2024

Assets$3,137,252
Liabilities$757,373
Net Assets$2,379,879

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2012: $110,000Expenses 2012: $1,343Net Income 2012: $108,6572012Expenses 2013: $174,1662013Revenue 2014: $189,323Expenses 2014: $160,226Net Income 2014: $29,0972014Revenue 2015: $549,625Expenses 2015: $212,236Net Income 2015: $337,3892015Revenue 2016: $449,596Expenses 2016: $193,115Net Income 2016: $256,4812016Revenue 2017: $289,991Expenses 2017: $235,927Net Income 2017: $54,0642017Revenue 2018: $208,711Expenses 2018: $105,191Net Income 2018: $103,5202018Revenue 2019: $131,369Expenses 2019: $158,524Net Income 2019: -$27,1552019Revenue 2020: $239,851Expenses 2020: $111,324Net Income 2020: $128,5272020Revenue 2021: $174,196Expenses 2021: $100,982Net Income 2021: $73,2142021Revenue 2022: $697,145Expenses 2022: $156,923Net Income 2022: $540,2222022Revenue 2023: $621,490Expenses 2023: $182,321Net Income 2023: $439,1692023Revenue 2024: $436,132Expenses 2024: $202,297Net Income 2024: $233,8352024

Highlighted filing

2024

Revenue$436,132
Expenses$202,297
Net Income$233,835

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$436,132
Mission and Program Overview

Mission

The organization will create and preserve the stock of affordable housing in the central midlands region of south carolina through financing and technical assistance of affordable housing projects. The organization is a regional housing trust fund with the functions and duties in keeping with the requirements of the william c mescher local housing trust fund act. The organization focuses on projects serving low to moderate income households who struggle to secure housing including people who work at low wage jobs, people with disabilities and other special needs.

The organization will create and preserve the stock of affordable housing in the central midlands

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,421,718$1,894,906▲ $473,188
Cash and Non-Interest-Bearing Accounts$1,216,971$959,918▼ $257,053
Pledges and Grants Receivable$278,200$221,800▼ $56,400
Accounts Receivable$1,042$8,020▲ $6,978
Land, Buildings, and Equipment, Net$6,720$5,720▼ $1,000
Total Assets$2,991,708$3,137,252▲ $145,544
Other Assets Total$67,057$46,888▼ $20,169
Liabilities
Other Liabilities$507,174$492,254▼ $14,920
Deferred Revenue$278,200$221,800▼ $56,400
Unsecured Notes Loans Payable$57,278$38,084▼ $19,194
Accounts Payable and Accrued Expenses$3,012$5,235▲ $2,223
Total Liabilities$845,664$757,373▼ $88,291
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,146,044$2,379,879▲ $233,835
Total Net Assets Fund Balance$2,146,044$2,379,879▲ $233,835
Total Liabilities and Net Assets / Fund Balance$2,991,708$3,137,252▲ $145,544

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,720$8,221$13,941
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jeffrey LarimoreExecutive DirectorPT$60,990$60,990

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$313,523
Program Service Revenue
$86,281
Investment Income
$36,067
Other Revenue
$261
All Other Contributions
$35,323
Change in Net Assets
$233,835

Audited Revenue Reconciliation

Revenue per Audited Statements
$436,132
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$436,132
Total Revenue per Form 990
$436,132
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$130,901
Salaries, Compensation, and Employee Benefits$71,396
Total Fundraising Expense$6,810
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$49,812$13,283$3,321$66,416
Fees for Services Accounting-$28,331-$28,331
Interest$22,361--$22,361
Occupancy$14,542$3,878$969$19,389
Advertising$5,173$1,380$345$6,898
Payroll Taxes$3,735$996$249$4,980
Insurance-$4,512-$4,512
All Other Expenses$897$2,965$488$4,350
Other Expenses$2,715$724$181$3,620
Office Expenses$782$209$52$1,043
Depreciation Depletion-$1,000-$1,000
Fees for Services Other-$735-$735
Travel$277$42$149$468
Total Functional Expenses$129,394$66,093$6,810$202,297

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$202,297
Total Expenses per Audited Statements$202,297
Total Expenses per Form 990$202,297
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Jamie DevineJamie Devine Is a Board Member of the FundJAMIE DEVINE IS ALSO THE CHIEF EXECUTIVE OFFICER OF A COMPANY, COMMUNITY ASSISTANCE PROVIDERS. LOANS WERE MADE FROM MIDLANDS HOUSING TRUST FUND TO COMMUNITY ASSISTANCE PROVIDER WITH AN ORIGINAL PRINCIPAL BALANCE OF $347,500 AND A REMAINING BALANCE OF $265,791. BOARD MEMBER RECUSED HIMSELF FROM ALL MEETINGS AT WHICH THESE TRANSACTIONS WERE UNDER CONSIDERATION OR BEING VOTED ON.No$265,791
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable$492,254
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the current executive director, jeff larimore and provided to the board of directors prior to filing.

Form 990, Part VI, Section B, Line 12C

All directors and officers are required to review and sign the conflict of interest policy on an annual basis. The policy defines an interested person, financial interest, and duty to disclose actual or possible conflicts. Procedures for addressing a conflict of interest are defined as well as procedures for recording proceedings.

Form 990, Part VI, Section C, Line 19

Disclosure of governing documents, policies, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Midlands Housing Trust Fund
EIN
27-4149384
Phone
8037643976
Address
1201 MAIN STREET 1480, COLUMBIA, SC 29201

Signing Officer

Name
Jeffrey Allen
Title
Chair
Phone
8037643976
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Allen
Formed
2010
Legal Domicile
Sc
Voting Board Members
8
Independent Board Members
7
Employees
1
Volunteers
0

Preparer

Firm
Bauknight Pietras & Stormer Pa
Address
1501 MAIN ST SUITE 600, COLUMBIA, SC 29201
Preparer
Shellie S Johnson
Phone
8037718943
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Item 2(C)

Oversight of the audit is completed by the executive director and the board's treasurer. Selection of the independent accountants is voted upon by the board of directors.

Financial Statement Notes

PART X, LINE 2:

The organization is a not-for-profit entity that is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code and is classified by the internal revenue service as other than a private foundation. However, the organization may be subject to income taxes for certain unrelated business income. The organization had no unrelated business income for the years ended june 30, 2024 and 2023. Accordingly, no provision for income taxes has been recorded in the accompanying financial statements. Management annually reviews its tax positions and has determined that there are no material uncertain tax positions that require recognition in the financial statements. As a result, the organization did not have a liability for unrecognized tax benefits, interest, or penalties at june 30, 2024 and 2023.

PART X, LINE 2:

The organization is a not-for-profit entity that is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code and is classified by the internal revenue service as other than a private foundation. However, the organization may be subject to income taxes for certain unrelated business income. The organization had no unrelated business income for the years ended june 30, 2024 and 2023. Accordingly, no provision for income taxes has been recorded in the accompanying financial statements. Management annually reviews its tax positions and has determined that there are no material uncertain tax positions that require recognition in the financial statements. As a result, the organization did not have a liability for unrecognized tax benefits, interest, or penalties at june 30, 2024 and 2023.

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IRS990/MissionDesc0THE ORGANIZATION WILL CREATE AND PRESERVE THE STOCK OF AFFORDABLE HOUSING IN THE CENTRAL MIDLANDS REGION OF SOUTH CAROLINA THROUGH FINANCING AND TECHNICAL ASSISTANCE OF AFFORDABLE HOUSING PROJECTS. THE ORGANIZATION IS A REGIONAL HOUSING TRUST FUND WITH THE FUNCTIONS AND DUTIES IN KEEPING WITH THE REQUIREMENTS OF THE WILLIAM C MESCHER LOCAL HOUSING TRUST FUND ACT. THE ORGANIZATION FOCUSES ON PROJECTS SERVING LOW TO MODERATE INCOME HOUSEHOLDS WHO STRUGGLE TO SECURE HOUSING INCLUDING PEOPLE WHO WORK AT LOW WAGE JOBS, PEOPLE WITH DISABILITIES AND OTHER SPECIAL NEEDS. IN ADDITION, ON AUGUST 15, 2016, THE FUND WAS CERTIFIED BY THE US DEPARTMENT OF TREASURY AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI).
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02379879
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0969
IRS990/OccupancyGrp/ManagementAndGeneralAmt03878
IRS990/OccupancyGrp/ProgramServicesAmt014542
IRS990/OccupancyGrp/TotalAmt019389
IRS990/OfficeExpensesGrp/FundraisingAmt052
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0209
IRS990/OfficeExpensesGrp/ProgramServicesAmt0782
IRS990/OfficeExpensesGrp/TotalAmt01043
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt067057
IRS990/OtherAssetsTotalGrp/EOYAmt046888
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0LOAN LOSS RESERVE
IRS990/OtherExpensesGrp/Desc1TECHNOLOGY
IRS990/OtherExpensesGrp/Desc2LICENSES & FEES
IRS990/OtherExpensesGrp/Desc3COMMUNICATION
IRS990/OtherExpensesGrp/FundraisingAmt01056
IRS990/OtherExpensesGrp/FundraisingAmt1181
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04224
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13814
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2724
IRS990/OtherExpensesGrp/ProgramServicesAmt023820
IRS990/OtherExpensesGrp/ProgramServicesAmt15280
IRS990/OtherExpensesGrp/ProgramServicesAmt22715
IRS990/OtherExpensesGrp/TotalAmt023820
IRS990/OtherExpensesGrp/TotalAmt110560
IRS990/OtherExpensesGrp/TotalAmt23814
IRS990/OtherExpensesGrp/TotalAmt33620
IRS990/OtherLiabilitiesGrp/BOYAmt0507174
IRS990/OtherLiabilitiesGrp/EOYAmt0492254
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0261
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0261
IRS990/OtherRevenueTotalAmt0261
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt03321
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt013283
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt049812
IRS990/OtherSalariesAndWagesGrp/TotalAmt066416
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01421718
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01894906
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0249
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0996
IRS990/PayrollTaxesGrp/ProgramServicesAmt03735
IRS990/PayrollTaxesGrp/TotalAmt04980
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0278200
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0221800
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JEFFREY ALLEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0MORTGAGE INTEREST INCO
IRS990/ProgramServiceRevenueGrp/Desc1LOAN ORIGINATION FEE I
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt077781
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt18500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt077781
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt18500
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0484128
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt058295
IRS990/PYOtherExpensesAmt0117235
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt079067
IRS990/PYRevenuesLessExpensesAmt0439169
IRS990/PYSalariesCompEmpBnftPaidAmt065086
IRS990/PYTotalExpensesAmt0182321
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0621490
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0233835
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt086281
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0313523
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0484128
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0629838
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0101382
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0166145
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01695016
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt036067
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt012974
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03685
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0604
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0714
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt054044
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0468036
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96910
IRS990ScheduleA/PublicSupportPY170Pct00.98430
IRS990ScheduleA/PublicSupportTotal170Amt01695016
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0313523
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0484128
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0629838
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0101382
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0166145
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01695016
IRS990ScheduleA/TotalSupportAmt01749060
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt05720
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08221
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt013941
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0202297
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0492254
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0436132
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NOT-FOR-PROFIT ENTITY THAT IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. HOWEVER, THE ORGANIZATION MAY BE SUBJECT TO INCOME TAXES FOR CERTAIN UNRELATED BUSINESS INCOME. THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT ANNUALLY REVIEWS ITS TAX POSITIONS AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. AS A RESULT, THE ORGANIZATION DID NOT HAVE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS, INTEREST, OR PENALTIES AT JUNE 30, 2024 AND 2023.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS A NOT-FOR-PROFIT ENTITY THAT IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. HOWEVER, THE ORGANIZATION MAY BE SUBJECT TO INCOME TAXES FOR CERTAIN UNRELATED BUSINESS INCOME. THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT ANNUALLY REVIEWS ITS TAX POSITIONS AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. AS A RESULT, THE ORGANIZATION DID NOT HAVE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS, INTEREST, OR PENALTIES AT JUNE 30, 2024 AND 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05720
IRS990ScheduleD/TotalExpensesPerForm990Amt0202297
IRS990ScheduleD/TotalLiabilityAmt0492254
IRS990ScheduleD/TotalRevenuePerForm990Amt0436132
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0436132
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0202297
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JAMIE DEVINE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0JAMIE DEVINE IS A BOARD MEMBER OF THE FUND
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0265791
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0JAMIE DEVINE IS ALSO THE CHIEF EXECUTIVE OFFICER OF A COMPANY, COMMUNITY ASSISTANCE PROVIDERS. LOANS WERE MADE FROM MIDLANDS HOUSING TRUST FUND TO COMMUNITY ASSISTANCE PROVIDER WITH AN ORIGINAL PRINCIPAL BALANCE OF $347,500 AND A REMAINING BALANCE OF $265,791. BOARD MEMBER RECUSED HIMSELF FROM ALL MEETINGS AT WHICH THESE TRANSACTIONS WERE UNDER CONSIDERATION OR BEING VOTED ON.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE CURRENT EXECUTIVE DIRECTOR, JEFF LARIMORE AND PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DIRECTORS AND OFFICERS ARE REQUIRED TO REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. THE POLICY DEFINES AN INTERESTED PERSON, FINANCIAL INTEREST, AND DUTY TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS. PROCEDURES FOR ADDRESSING A CONFLICT OF INTEREST ARE DEFINED AS WELL AS PROCEDURES FOR RECORDING PROCEEDINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DISCLOSURE OF GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OVERSIGHT OF THE AUDIT IS COMPLETED BY THE EXECUTIVE DIRECTOR AND THE BOARD'S TREASURER. SELECTION OF THE INDEPENDENT ACCOUNTANTS IS VOTED UPON BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, ITEM 2(C)
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02991708
IRS990/TotalAssetsEOYAmt03137252
IRS990/TotalAssetsGrp/BOYAmt02991708
IRS990/TotalAssetsGrp/EOYAmt03137252
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0313523
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt06810
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt066093
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0129394
IRS990/TotalFunctionalExpensesGrp/TotalAmt0202297
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0845664
IRS990/TotalLiabilitiesEOYAmt0757373
IRS990/TotalLiabilitiesGrp/BOYAmt0845664
IRS990/TotalLiabilitiesGrp/EOYAmt0757373
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02146044
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02379879
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0129394
IRS990/TotalProgramServiceRevenueAmt086281
IRS990/TotalReportableCompFromOrgAmt060990
IRS990/TotalRevenueGrp/ExclusionAmt036328
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt086281
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0436132
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02991708
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03137252

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