Civic Intelligence

Central Mississippi Development Co Inc

EIN 64-0671015 • 501(c)4 • Jackson, MS

Profile

Central mississippi development co., inc. (cmdc) is a non-profit corporation established and authorized under the small business investment act of 1958 to provide a source of long-term financing for small business concerns and their growth, modernization and expansion. Cmdc provides fixed asset financing which is a basis for expanding employment and increasing the economic base of the seven county area it serves.

PO Box 4935Jackson, MS 39296-4935

n/A

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.01x

Higher debt load relative to assets than 43% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.10x

Higher debt load relative to revenue than 57% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Net Margin

8th percentile

-33%

Higher net margin than 8% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

63rd percentile

$0

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Asset Growth

23rd percentile

-3.9%

Faster asset growth than 23% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

66th percentile

20%

Faster revenue growth than 66% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Down

$1,085,495

Down $43,758 (-3.9%) from 2023

Liabilities

Up

$14,061

Up $2,073 (+17%) from 2023

Net Assets

Down

$1,071,434

Down $45,831 (-4.1%) from 2023

Operations
Liabilities / Revenue57th percentileNet Margin8th percentile

Revenue

Up

$140,832

Up $23,476 (+20%) from 2023

Expenses

Up

$186,663

Up $20,497 (+12%) from 2023

Net Income

Up

-$45,831

Up $2,979 (+6.1%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth23rd percentile

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

$1.5M$1.0M$500K$0Assets 2010: $854,323Liabilities 2010: $5,025Net Assets 2010: $849,2982010Assets 2011: $990,752Liabilities 2011: $8,654Net Assets 2011: $982,0982011Assets 2012: $1,055,309Liabilities 2012: $12,251Net Assets 2012: $1,043,0582012Assets 2013: $1,085,575Liabilities 2013: $7,922Net Assets 2013: $1,077,6532013Assets 2014: $1,078,644Liabilities 2014: $7,969Net Assets 2014: $1,070,6752014Assets 2015: $1,152,648Liabilities 2015: $38,218Net Assets 2015: $1,114,4302015Assets 2016: $1,128,382Liabilities 2016: $21,226Net Assets 2016: $1,107,1562016Assets 2017: $1,078,773Liabilities 2017: $6,935Net Assets 2017: $1,071,8382017Assets 2018: $1,067,138Liabilities 2018: $5,571Net Assets 2018: $1,061,5672018Assets 2019: $1,098,919Liabilities 2019: $31,639Net Assets 2019: $1,067,2802019Assets 2020: $1,167,342Liabilities 2020: $23,852Net Assets 2020: $1,143,4902020Assets 2021: $1,183,124Liabilities 2021: $4,292Net Assets 2021: $1,178,8322021Assets 2022: $1,177,883Liabilities 2022: $11,808Net Assets 2022: $1,166,0752022Assets 2023: $1,129,253Liabilities 2023: $11,988Net Assets 2023: $1,117,2652023Assets 2024: $1,085,495Liabilities 2024: $14,061Net Assets 2024: $1,071,4342024

Highlighted filing

2024

Assets$1,085,495
Liabilities$14,061
Net Assets$1,071,434
Open 2024 Filing

Operations Trend

Revenue Growth66th percentile

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

$300K$200K$100K$0-$100KRevenue 2010: $220,521Expenses 2010: $180,225Net Income 2010: $40,2962010Expenses 2011: $122,1582011Expenses 2012: $145,4202012Expenses 2013: $164,6302013Revenue 2014: $170,648Expenses 2014: $177,626Net Income 2014: -$6,9782014Revenue 2015: $206,775Expenses 2015: $163,020Net Income 2015: $43,7552015Revenue 2016: $235,593Expenses 2016: $242,867Net Income 2016: -$7,2742016Revenue 2017: $135,898Expenses 2017: $171,216Net Income 2017: -$35,3182017Revenue 2018: $153,109Expenses 2018: $163,380Net Income 2018: -$10,2712018Revenue 2019: $156,732Expenses 2019: $151,019Net Income 2019: $5,7132019Revenue 2020: $203,929Expenses 2020: $127,719Net Income 2020: $76,2102020Revenue 2021: $126,580Expenses 2021: $91,238Net Income 2021: $35,3422021Revenue 2022: $127,555Expenses 2022: $140,312Net Income 2022: -$12,7572022Revenue 2023: $117,356Expenses 2023: $166,166Net Income 2023: -$48,8102023Revenue 2024: $140,832Expenses 2024: $186,663Net Income 2024: -$45,8312024

Highlighted filing

2024

Revenue$140,832
Expenses$186,663
Net Income-$45,831
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$1,085,495
Liabilities
$14,061
Net assets
$1,071,434
Revenue
$140,832
Expenses
$186,663
Net income
-$45,831
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$0.01$1.07$0.14$0.19$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.13$0.01$1.12$0.12$0.17$0.05
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.01$1.17$0.13$0.14$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.00$1.18$0.13$0.09$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.02$1.14$0.20$0.13$0.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.03$1.07$0.16$0.15$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.07$0.01$1.06$0.15$0.16$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.08$0.01$1.07$0.14$0.17$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.13$0.02$1.11$0.24$0.24$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.15$0.04$1.11$0.21$0.16$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.08$0.01$1.07$0.17$0.18$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.01$1.08$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.01$1.04$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.01$0.98$0.12
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.85$0.01$0.85$0.22$0.18$0.04
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2019 below.

Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
May 15, 2020
Return Version
2018v3.3
Gross Receipts
$156,732
Mission and Program Overview

Mission

Central mississippi development co., inc. (cmdc) is a non-profit corporation established and authorized under the small business investment act of 1958 to provide a source of long-term financing for small business concerns and their growth, modernization and expansion. Cmdc provides fixed asset financing which is a basis for expanding employment and increasing the economic base of the seven county area it serves.

To provide a source of long-term financing for small business concerns and their growth, modernization and expansion.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,067,038$1,098,819▲ $31,781
Cash and Non-Interest-Bearing Accounts$100$100→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,067,138$1,098,919▲ $31,781
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$5,571$31,639▲ $26,068
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$5,571$31,639▲ $26,068
Net Assets / Fund Balance
Unrestricted Net Assets$1,061,567$1,067,280▲ $5,713
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$1,061,567$1,067,280▲ $5,713
Total Liabilities and Net Assets / Fund Balance$1,067,138$1,098,919▲ $31,781

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$13,838$13,838
Compensation and Service Providers
Top Officer Pay63rd percentile

Board Members and Trustees

NameTitle
Wanda CowartPresident
De'Keither StampsVice President
Diane DelawareDirector
Jared MorrisonDirector
Jeff GoodDirector
John MayDirector
Johnny DonaldsonDirector
Tom KendallDirector
Wendell StringerDirector
Frank QuinnSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$129,131
Investment Income
$27,601
Other Revenue
$0
Change in Net Assets
$5,713

Audited Revenue Reconciliation

Revenue per Audited Statements
$156,732
Total Revenue per Audited Statements
$156,732
Total Revenue per Form 990
$156,732
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$151,019
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$125,899--$125,899
Fees for Services Accounting-$7,075-$7,075
Insurance-$6,274-$6,274
Fees for Services Legal-$5,130-$5,130
Office Expenses$2,889--$2,889
Other Expenses$1,502--$1,502
Total Functional Expenses$132,540$18,479$0$151,019

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$151,019
Total Expenses per Audited Statements$151,019
Total Expenses per Form 990$151,019
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

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

Governance Explanations

FORM 990, PAGE 6, PART VI, SECTION A, LINE 7:

“Members of the organization elect the organization's governing body. All members of the organization have equal voting rights.”

FORM 990, PAGE 6, PART VI, SECTION B, LINE 11B:

“An electronic copy of the form 990 was distributed to all members of the governing body for review prior to filing with the irs.”

FORM 990, PAGE 6, PART IV, SECTION C, LINE 19:

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Central Mississippi Development Co Inc
EIN
64-0671015
In Care Of
% SHAY LIPE
Phone
6019811511
Address
PO Box 4935, Jackson, MS 39296-4935

Signing Officer

Name
Shay Lipe
Title
Director of Finance
Phone
6019811511
Signed
2020-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wanda Cowart
Formed
1981
Legal Domicile
Ms
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Bkd Llp
Address
190 E Capitol Street Ste 500, Jackson, MS 39201-2190
Preparer
Fatima Chase CPA
Phone
6019486700
Supplemental Narrative

Additional Explanations

FORM 990, PAGE 6, PART IV, SECTION A, LINE 6:

“The organization consists of 32 members with 32 having been appointed by the board of supervisors of each of the counties served by the organization. Each member serves for two years. The organization has at all times no less than 25 individual members, not one of whom may control more than 10% of the voting control of the corporation. At all times, members include persons in at least two of the following groups: local, government, private sector lending institution, community organization, and business organization.”

Form 990, Page 6, Part IV, Section B, Line 12C

“Central mississippi development company, inc. (cmdc) ensures its associates, otherwise known as officers, directors, key employees, or holders of 10% or more of the value of cmdc's stock or debt instruments, or close relatives do not have a real or apparent conflict of interest with any small business borrower, associates of the borrower, or any close relatives of the borrower. Every loan application that cmdc uses has a "certification or conflict of interest" section that will ask questions in reference to conflicts of interest.”

FORM 990, PAGE 6, PART IV, SECTION B, LINE 15A & B:

“The organization does not compensate any officer or director.”

Form 990 Part IX Line 11G

“Description:contractual services total fees:125899”

Financial Statement Notes

Schedule D, Part X, Line 2:

“Management has evaluted the company's income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.”

Raw XML AppendixShowing 400 of 462 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt05571
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt031639
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IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE A SOURCE OF LONG-TERM FINANCING FOR SMALL BUSINESS CONCERNS AND THEIR GROWTH, MODERNIZATION AND EXPANSION.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0SHAY LIPE
IRS990/BooksInCareOfDetail/PhoneNum06019811511
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0P O BOX 4935
IRS990/BooksInCareOfDetail/USAddress/CityNm0Jackson
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MS
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0392964935
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
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IRS990/CashNonInterestBearingGrp/BOYAmt0100
IRS990/CashNonInterestBearingGrp/EOYAmt0100
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt027601
IRS990/CYOtherExpensesAmt0151019
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0129131
IRS990/CYRevenuesLessExpensesAmt05713
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0151019
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0156732
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IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0Central Mississippi Development Co., Inc. (CMDC) is authorized to issue bonds. The proceeds from the issuance of bonds are loaned to small businesses to finance fixed assets. The bonds, which are guaranteed by the Small Business Administration, are repaid solely from the proceeds of the promissory notes issued. Since CMDC has no primary obligation under the bonds, the amount of the bonds outstanding is not shown on the financial statements. The amount of outstanding bonds and related notes receivable totaled approximately $14,939,000 at September 30, 2019. Expenses incurred during the year in furtherance of this program service totaled $132,540.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
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IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt0132540
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IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt07075
IRS990/FeesForServicesAccountingGrp/TotalAmt07075
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt05130
IRS990/FeesForServicesLegalGrp/TotalAmt05130
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0125899
IRS990/FeesForServicesOtherGrp/TotalAmt0125899
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IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
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IRS990/ForeignFinancialAccountInd0false
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
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IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
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IRS990/Form990PartVIISectionAGrp/PersonNm0Wanda Cowart
IRS990/Form990PartVIISectionAGrp/PersonNm1Wendell Stringer
IRS990/Form990PartVIISectionAGrp/PersonNm2Diane Delaware
IRS990/Form990PartVIISectionAGrp/PersonNm3Jared Morrison
IRS990/Form990PartVIISectionAGrp/PersonNm4De'Keither Stamps
IRS990/Form990PartVIISectionAGrp/PersonNm5JOHNNY DONALDSON
IRS990/Form990PartVIISectionAGrp/PersonNm6TOM KENDALL
IRS990/Form990PartVIISectionAGrp/PersonNm7JOHN MAY
IRS990/Form990PartVIISectionAGrp/PersonNm8FRANK QUINN
IRS990/Form990PartVIISectionAGrp/PersonNm9Jeff Good
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8Secretary/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
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IRS990/MissionDesc0CENTRAL MISSISSIPPI DEVELOPMENT CO., INC. (CMDC) IS A NON-PROFIT CORPORATION ESTABLISHED AND AUTHORIZED UNDER THE SMALL BUSINESS INVESTMENT ACT OF 1958 TO PROVIDE A SOURCE OF LONG-TERM FINANCING FOR SMALL BUSINESS CONCERNS AND THEIR GROWTH, MODERNIZATION AND EXPANSION. CMDC PROVIDES FIXED ASSET FINANCING WHICH IS A BASIS FOR EXPANDING EMPLOYMENT AND INCREASING THE ECONOMIC BASE OF THE SEVEN COUNTY AREA IT SERVES.
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IRS990/OtherExpensesGrp/Desc0DUES, MEMBERSHIPS, & SUBS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS EXPENSES
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS EVALUTED THE COMPANY'S INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION CONSISTS OF 32 MEMBERS WITH 32 HAVING BEEN APPOINTED BY THE BOARD OF SUPERVISORS OF EACH OF THE COUNTIES SERVED BY THE ORGANIZATION. EACH MEMBER SERVES FOR TWO YEARS. THE ORGANIZATION HAS AT ALL TIMES NO LESS THAN 25 INDIVIDUAL MEMBERS, NOT ONE OF WHOM MAY CONTROL MORE THAN 10% OF THE VOTING CONTROL OF THE CORPORATION. AT ALL TIMES, MEMBERS INCLUDE PERSONS IN AT LEAST TWO OF THE FOLLOWING GROUPS: LOCAL, GOVERNMENT, PRIVATE SECTOR LENDING INSTITUTION, COMMUNITY ORGANIZATION, AND BUSINESS ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE ORGANIZATION ELECT THE ORGANIZATION'S GOVERNING BODY. ALL MEMBERS OF THE ORGANIZATION HAVE EQUAL VOTING RIGHTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AN ELECTRONIC COPY OF THE FORM 990 WAS DISTRIBUTED TO ALL MEMBERS OF THE GOVERNING BODY FOR REVIEW PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CENTRAL MISSISSIPPI DEVELOPMENT COMPANY, INC. (CMDC) ENSURES ITS ASSOCIATES, OTHERWISE KNOWN AS OFFICERS, DIRECTORS, KEY EMPLOYEES, OR HOLDERS OF 10% OR MORE OF THE VALUE OF CMDC'S STOCK OR DEBT INSTRUMENTS, OR CLOSE RELATIVES DO NOT HAVE A REAL OR APPARENT CONFLICT OF INTEREST WITH ANY SMALL BUSINESS BORROWER, ASSOCIATES OF THE BORROWER, OR ANY CLOSE RELATIVES OF THE BORROWER. EVERY LOAN APPLICATION THAT CMDC USES HAS A "CERTIFICATION OR CONFLICT OF INTEREST" SECTION THAT WILL ASK QUESTIONS IN REFERENCE TO CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICER OR DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION:CONTRACTUAL SERVICES TOTAL FEES:125899
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART IV, SECTION A, LINE 6:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, SECTION A, LINE 7:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, SECTION B, LINE 11B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART IV, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART IV, SECTION B, LINE 15A & B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART IV, SECTION C, LINE 19:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART IX LINE 11G
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CENTRAL MS PLANNING & DEVELOP DISTRICT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0640474698
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0GOVRNMTL
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0COMM. IMPROV.
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0JACKSON
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