Civic Intelligence

Southeastern Development Opportunities Inc.

990 • Fiscal year 2021 • EIN 64-0828837

Oct 01, 2020 to Sep 30, 2021 • Filed on Feb 10, 2022

P O Box 241Shelby, MS 38774

(662) 398-7090

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

68th percentile

0.21x

Higher debt load relative to assets than 68% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

96th percentile

5.65x

Higher debt load relative to revenue than 96% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

2nd percentile

-119%

Higher net margin than 2% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

16th percentile

-3.5%

Faster asset growth than 16% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

6th percentile

-45%

Faster revenue growth than 6% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$2,157,466

Down $77,841 (-3.5%) from 2020

Net Assets

Down

$1,700,620

Down $96,045 (-5.3%) from 2020

Liabilities

Up

$456,846

Up $18,204 (+4.2%) from 2020

Revenue

Down

$80,907

Down $66,027 (-45%) from 2020

Expenses

Up

$177,260

Up $6,981 (+4.1%) from 2020

Net Income

Down

-$96,353

Down $73,008 (-313%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,075,769Liabilities 2011: $461,392Net Assets 2011: $2,614,3772011Assets 2012: $3,167,557Liabilities 2012: $619,498Net Assets 2012: $2,548,0592012Assets 2013: $3,175,304Liabilities 2013: $766,458Net Assets 2013: $2,408,8462013Assets 2014: $3,086,287Liabilities 2014: $897,600Net Assets 2014: $2,188,6872014Assets 2015: $3,051,295Liabilities 2015: $1,094,034Net Assets 2015: $1,957,2612015Assets 2016: $2,618,876Liabilities 2016: $687,277Net Assets 2016: $1,931,5992016Assets 2017: $2,564,020Liabilities 2017: $581,098Net Assets 2017: $1,982,9222017Assets 2018: $2,533,223Liabilities 2018: $639,142Net Assets 2018: $1,894,0812018Assets 2019: $2,520,000Liabilities 2019: $669,389Net Assets 2019: $1,850,6112019Assets 2020: $2,235,307Liabilities 2020: $438,642Net Assets 2020: $1,796,6652020Assets 2021: $2,157,466Liabilities 2021: $456,846Net Assets 2021: $1,700,6202021Assets 2022: $2,103,351Liabilities 2022: $488,836Net Assets 2022: $1,614,5152022Assets 2023: $805,979Liabilities 2023: $117,790Net Assets 2023: $688,1892023Assets 2024: $750,116Liabilities 2024: $102,148Net Assets 2024: $647,9682024

Highlighted filing

2021

Assets$2,157,466
Liabilities$456,846
Net Assets$1,700,620

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500K-$1.0MRevenue 2011: $437,154Expenses 2011: $502,787Net Income 2011: -$65,6332011Revenue 2012: $125,257Expenses 2012: $238,380Net Income 2012: -$113,1232012Revenue 2013: $232,432Expenses 2013: $372,574Net Income 2013: -$140,1422013Revenue 2014: $148,760Expenses 2014: $368,715Net Income 2014: -$219,9552014Revenue 2015: $72,241Expenses 2015: $303,666Net Income 2015: -$231,4252015Revenue 2016: $259,644Expenses 2016: $254,070Net Income 2016: $5,5742016Revenue 2017: $303,012Expenses 2017: $250,827Net Income 2017: $52,1852017Revenue 2018: $148,224Expenses 2018: $235,460Net Income 2018: -$87,2362018Revenue 2019: $185,980Expenses 2019: $229,450Net Income 2019: -$43,4702019Revenue 2020: $146,934Expenses 2020: $170,279Net Income 2020: -$23,3452020Revenue 2021: $80,907Expenses 2021: $177,260Net Income 2021: -$96,3532021Revenue 2022: $61,663Expenses 2022: $155,545Net Income 2022: -$93,8822022Revenue 2023: -$780,089Expenses 2023: $146,238Net Income 2023: -$926,3272023Revenue 2024: $129,213Expenses 2024: $170,583Net Income 2024: -$41,3702024

Highlighted filing

2021

Revenue$80,907
Expenses$177,260
Net Income-$96,353
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Feb 10, 2022
Return Version
2020v4.0
Gross Receipts
$208,982
Mission and Program Overview

Mission

Providing low income housing to individuals and families in ms delta region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,966,998$1,966,998→ $0
Land, Buildings, and Equipment, Net$64,653$60,505▼ $4,148
Cash and Non-Interest-Bearing Accounts$109,203$44,287▼ $64,916
Accounts Receivable$14,095$15,574▲ $1,479
Prepaid Expenses and Deferred Charges$3,870$8,225▲ $4,355
Total Assets$2,235,307$2,157,466▼ $77,841
Other Assets Total$76,488$61,877▼ $14,611
Liabilities
Other Liabilities$356,913$378,476▲ $21,563
Accounts Payable and Accrued Expenses$81,129$77,770▼ $3,359
Unsecured Notes Loans Payable$600$600→ $0
Total Liabilities$438,642$456,846▲ $18,204
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,336,998$2,336,998→ $0
Net Assets Without Donor Restrictions$-540,333$-636,378▼ $96,045
Total Net Assets Fund Balance$1,796,665$1,700,620▼ $96,045
Total Liabilities and Net Assets / Fund Balance$2,235,307$2,157,466▼ $77,841

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$60,505$130,982$191,487
Other Securities$1,966,998--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Linda BalducciExecutive DiFT$59,759$79,200$138,959

Board Members and Trustees

NameTitle
Alice StapletonPresident
John F Schmidt IiiDirector
Marie ShorterDirector
Patrick J CollinsSecretary-tr
Lula B AtkinsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$92,603
Investment Income
$205
Other Revenue
$-11,901
Change in Net Assets
$-96,353
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$102,496
Salaries, Compensation, and Employee Benefits$74,764
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$69,342-$69,342
Fees for Services Other-$48,880-$48,880
Fees for Services Accounting-$12,058-$12,058
All Other Expenses-$10,986-$10,986
Payroll Taxes-$5,422-$5,422
Other Expenses-$4,022-$4,022
Travel-$2,515-$2,515
Insurance-$616-$616
Total Functional Expenses$0$177,260$0$177,260
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Partnership Investments$370,427
Payroll Taxes$3,858
Property Taxes Payable$1,947
Other$1,644
Security Deposits$600
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
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
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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, Line 11B

MANAGEMENT REVIEW

Form 990, Page 6, Part VI, Line 15A

Board reviews compensation annually.

Form 990, Page 6, Part VI, Line 15B

Board approves compensation annually.

Form 990, Page 6, Part VI, Line 19

Upon request at organization's office.

Form 990, Part VII

Compensation set by governing board.

Filing and Contact Details

Filer

Filer Name
Southeastern Development Opportunit
EIN
64-0828837
Phone
6623987090
Address
P O BOX 241, SHELBY, MS 38774

Signing Officer

Name
Linda Balducci
Title
Executive Director
Phone
6623987090
Signed
2022-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Balducci
Formed
1993
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
5
Employees
2

Preparer

Firm
Edmondson Burchfield Hardy & Assoc Pa
Address
PO BOX 238, CLEVELAND, MS 38732-0238
Preparer
Carlton Edmondson
Phone
6628466631
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contract services 0 48,880 0

Form 990, Part XI, Line 9

OTHER 308

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

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IRS990ScheduleA/TotalSupportAmt01079132
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt07347
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt035417
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt042764
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt060505
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0130982
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0191487
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0370427
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13858
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21947
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31644
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4600
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PARTNERSHIP INVESTMENTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PROPERTY TAXES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3OTHER
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4SECURITY DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01966998
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MORTGAGE LOANS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt060505
IRS990ScheduleD/TotalBookValueSecuritiesAmt01966998
IRS990ScheduleD/TotalLiabilityAmt0378476
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD REVIEWS COMPENSATION ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD APPROVES COMPENSATION ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST AT ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION SET BY GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONTRACT SERVICES 0 48,880 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OTHER 308
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd1false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0640921934
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN1261172536
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd0true
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd1true
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0MS
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd1MS
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct00.01000
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct10.51000
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0UNRELATED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt1UNRELATED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0HOUSING
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt1HOUSING
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0SHAW APARTMENT HOMES LP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt1HOLLANDALE APARTMENT HOMES LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfEOYAssetsAmt0250684
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfEOYAssetsAmt1839479
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt0-71
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt1-22663
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0810 E SUNFLOWER RD-SUITE 120
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt11305 LAKE ST
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0CLEVELAND
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm1SHELBY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0MS
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd1MS
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd038732
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd138774
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0true
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0true
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02235307
IRS990/TotalAssetsEOYAmt02157466
IRS990/TotalAssetsGrp/BOYAmt02235307
IRS990/TotalAssetsGrp/EOYAmt02157466
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0177260
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0177260
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0438642
IRS990/TotalLiabilitiesEOYAmt0456846
IRS990/TotalLiabilitiesGrp/BOYAmt0438642
IRS990/TotalLiabilitiesGrp/EOYAmt0456846
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01796665
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01700620
IRS990/TotalOtherCompensationAmt079200
IRS990/TotalProgramServiceRevenueAmt092603
IRS990/TotalReportableCompFromOrgAmt059759
IRS990/TotalRevenueGrp/ExclusionAmt0-34430
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0115337
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt080907
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02235307
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02157466
IRS990/TravelGrp/ManagementAndGeneralAmt02515
IRS990/TravelGrp/TotalAmt02515
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0600
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0600
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 45
IRS990/USAddress/CityNm0SHELBY
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd038774
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.75$0.10$0.65$0.13$0.17$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.81$0.12$0.69$0.78$0.15$0.93
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$0.49$1.61$0.06$0.16$0.09
2021Detailed filing. Detailed filing data is available for this year.$2.16$0.46$1.70$0.08$0.18$0.10
2020Detailed filing. Detailed filing data is available for this year.$2.24$0.44$1.80$0.15$0.17$0.02
2019Detailed filing. Detailed filing data is available for this year.$2.52$0.67$1.85$0.19$0.23$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.53$0.64$1.89$0.15$0.24$0.09
2017Detailed filing. Detailed filing data is available for this year.$2.56$0.58$1.98$0.30$0.25$0.05
2016Summary only. Only limited summary data is available for this year.$2.62$0.69$1.93$0.26$0.25$0.01
2015Detailed filing. Detailed filing data is available for this year.$3.05$1.09$1.96$0.07$0.30$0.23
2014Detailed filing. Detailed filing data is available for this year.$3.09$0.90$2.19$0.15$0.37$0.22
2013Summary only. Only limited summary data is available for this year.$3.18$0.77$2.41$0.23$0.37$0.14
2012Summary only. Only limited summary data is available for this year.$3.17$0.62$2.55$0.13$0.24$0.11
2011Summary only. Only limited summary data is available for this year.$3.08$0.46$2.61$0.44$0.50$0.07