Civic Intelligence

Mendenhall Rural Housing and Comm Development Corporation

990 • Fiscal year 2016 • EIN 64-0923779

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 07, 2016

PO Box 1220 138 E Amite StJackson, MS 39215-1220

(601) 948-6401

Siviq Scores

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

Liabilities / Assets

98th percentile

1.86x

Higher debt load relative to assets than 98% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

98th percentile

9.02x

Higher debt load relative to revenue than 98% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

12th percentile

-25%

Higher net margin than 12% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

25th percentile

-5.0%

Faster asset growth than 25% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

56th percentile

5.9%

Faster revenue growth than 56% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$953,434

Down $49,863 (-5.0%) from 2015

Net Assets

Down

-$821,525

Down $48,947 (-6.3%) from 2015

Liabilities

Down

$1,774,959

Down $916 (-0.1%) from 2015

Revenue

Up

$196,769

Up $10,908 (+5.9%) from 2015

Expenses

Up

$245,716

Up $3,042 (+1.3%) from 2015

Net Income

Up

-$48,947

Up $7,866 (+14%) from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2011: $1,224,888Liabilities 2011: $1,793,227Net Assets 2011: -$568,3392011Assets 2012: $1,173,969Liabilities 2012: $1,777,751Net Assets 2012: -$603,7822012Assets 2013: $1,124,095Liabilities 2013: $1,779,750Net Assets 2013: -$655,6552013Assets 2014: $1,072,229Liabilities 2014: $1,787,995Net Assets 2014: -$715,7662014Assets 2015: $1,003,297Liabilities 2015: $1,775,875Net Assets 2015: -$772,5782015Assets 2016: $953,434Liabilities 2016: $1,774,959Net Assets 2016: -$821,5252016Assets 2017: $875,995Liabilities 2017: $1,775,109Net Assets 2017: -$899,1142017Assets 2018: $811,136Liabilities 2018: $1,775,398Net Assets 2018: -$964,2622018Assets 2019: $772,752Liabilities 2019: $1,777,137Net Assets 2019: -$1,004,3852019Assets 2020: $748,522Liabilities 2020: $1,770,765Net Assets 2020: -$1,022,2432020Assets 2021: $737,414Liabilities 2021: $1,768,452Net Assets 2021: -$1,031,0382021Assets 2022: $708,596Liabilities 2022: $37,178Net Assets 2022: $671,4182022Assets 2023: $908,597Liabilities 2023: $53,058Net Assets 2023: $855,5392023Assets 2024: $798,606Liabilities 2024: $53,943Net Assets 2024: $744,6632024

Highlighted filing

2016

Assets$953,434
Liabilities$1,774,959
Net Assets-$821,525

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $197,9992011Expenses 2012: $213,2122012Expenses 2013: $233,4702013Revenue 2014: $154,934Expenses 2014: $215,046Net Income 2014: -$60,1122014Revenue 2015: $185,861Expenses 2015: $242,674Net Income 2015: -$56,8132015Revenue 2016: $196,769Expenses 2016: $245,716Net Income 2016: -$48,9472016Revenue 2017: $168,925Expenses 2017: $246,514Net Income 2017: -$77,5892017Revenue 2018: $179,532Expenses 2018: $244,680Net Income 2018: -$65,1482018Revenue 2019: $205,147Expenses 2019: $245,269Net Income 2019: -$40,1222019Revenue 2020: $228,991Expenses 2020: $246,848Net Income 2020: -$17,8572020Revenue 2021: $212,600Expenses 2021: $221,394Net Income 2021: -$8,7942021Revenue 2022: $180,901Expenses 2022: $215,047Net Income 2022: -$34,1462022Revenue 2023: $455,450Expenses 2023: $267,961Net Income 2023: $187,4892023Revenue 2024: $189,897Expenses 2024: $300,773Net Income 2024: -$110,8762024

Highlighted filing

2016

Revenue$196,769
Expenses$245,716
Net Income-$48,947
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 7, 2016
Return Version
2015v2.1
Gross Receipts
$196,769
Mission and Program Overview

Mission

To provide 31 hud subsidized units to qualified low income tenants

Provide low-income housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$962,938$900,082▼ $62,856
Cash and Non-Interest-Bearing Accounts$1,461$15,462▲ $14,001
Prepaid Expenses and Deferred Charges$3,972$4,720▲ $748
Accounts Receivable$599$68▼ $531
Total Assets$1,003,297$953,434▼ $49,863
Other Assets Total$34,327$33,102▼ $1,225
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,736,600$1,736,600→ $0
Accounts Payable and Accrued Expenses$33,247$32,552▼ $695
Other Liabilities$6,028$5,807▼ $221
Total Liabilities$1,775,875$1,774,959▼ $916
Net Assets / Fund Balance
Unrestricted Net Assets$-772,578$-821,525▼ $48,947
Total Net Assets Fund Balance$-772,578$-821,525▼ $48,947
Total Liabilities and Net Assets / Fund Balance$1,003,297$953,434▼ $49,863

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$857,069$865,284$1,722,353
Equipment$13,313$42,382$55,695
Land$29,700-$29,700
Compensation and Service Providers

Board Members and Trustees

NameTitle
Cornelius JonesActing Chairman
Ek JacksonBoard Member
Kevin JonesBoard Member
Lisa JohnsonBoard Member
Patricia PoseyBoard Member
Jd QuinnSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$196,724
Investment Income
$45
Other Revenue
$0
Change in Net Assets
$-48,947

Audited Revenue Reconciliation

Revenue per Audited Statements
$196,769
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$196,769
Total Revenue per Form 990
$196,769
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$184,165
Salaries, Compensation, and Employee Benefits$61,551
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$70,043--$70,043
Other Salaries and Wages$55,087--$55,087
Insurance$21,141--$21,141
Fees for Services Management$18,712--$18,712
Office Expenses$10,587--$10,587
Fees for Services Accounting$8,206--$8,206
Payroll Taxes$6,464--$6,464
Other Expenses$3,317--$3,317
Conferences and Meetings$953--$953
Fees for Services Legal$64--$64
Total Functional Expenses$245,716$0$0$245,716

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$245,716
Total Expenses per Audited Statements$245,716
Total Expenses per Form 990$245,716
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$5,807
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization is a hud subsidized housing project and as such management duties are delegated to southland management corporation.

Form 990, Part VI, Section A, Line 8A

The board does not meet unless it is in emergency situations.

Form 990, Part VI, Section A, Line 8B

There are no committees with the authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11

No review is conducted for review of form 990 by all board members because the board feels it is not necessary and inefficient.

Form 990, Part VI, Section C, Line 18

The organization makes its governing documents and financial statements available to the public upon request.

Form 990, Part VI, Section C, Line 19

The organization makes its financial statements, and any other information necessary, available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Mendenhall Rural Hsg and Comm
EIN
64-0923779
Phone
6019486401
Address
PO BOX 1220 138 E AMITE ST, JACKSON, MS 39215-1220
Doing Business As
Harper Village

Signing Officer

Name
Cornelius Jones
Title
Acting Chairman
Phone
6019486401
Signed
2016-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cornelius Jones
Formed
2000
Legal Domicile
Ms
Voting Board Members
6
Independent Board Members
6
Employees
3
Volunteers
0

Preparer

Firm
Grantham Poole Et Al Pllc
Address
1062 HIGHLAND COLONY PARKWAY SUITE, 201, RIDGELAND, MS 39157
Preparer
Alan Arrington CPA
Phone
6014992400
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The project has adopted the provisions of fasb asc topic 740-10, income taxes. Management believes it has no material uncertain tax positions or any related penalties and interest to accrue for the year ended june 30, 2016 and accordingly, there is no liability for unrecognized tax benefits. The project files form 990 annually with the federal government and is still open to examination by taxing authorities for the fiscal year 2012 and later.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

ROUNDING

Raw XML Appendix381 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.

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IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0857069
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0865284
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01722353
IRS990ScheduleD/EquipmentGrp/BookValueAmt013313
IRS990ScheduleD/EquipmentGrp/DepreciationAmt042382
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt055695
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0245716
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt029700
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt029700
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05807
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0196769
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PROJECT HAS ADOPTED THE PROVISIONS OF FASB ASC TOPIC 740-10, INCOME TAXES. MANAGEMENT BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS OR ANY RELATED PENALTIES AND INTEREST TO ACCRUE FOR THE YEAR ENDED JUNE 30, 2016 AND ACCORDINGLY, THERE IS NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE PROJECT FILES FORM 990 ANNUALLY WITH THE FEDERAL GOVERNMENT AND IS STILL OPEN TO EXAMINATION BY TAXING AUTHORITIES FOR THE FISCAL YEAR 2012 AND LATER.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ROUNDING
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0900082
IRS990ScheduleD/TotalExpensesPerForm990Amt0245716
IRS990ScheduleD/TotalLiabilityAmt05807
IRS990ScheduleD/TotalRevenuePerForm990Amt0196769
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0196769
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0245716
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A HUD SUBSIDIZED HOUSING PROJECT AND AS SUCH MANAGEMENT DUTIES ARE DELEGATED TO SOUTHLAND MANAGEMENT CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD DOES NOT MEET UNLESS IT IS IN EMERGENCY SITUATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW IS CONDUCTED FOR REVIEW OF FORM 990 BY ALL BOARD MEMBERS BECAUSE THE BOARD FEELS IT IS NOT NECESSARY AND INEFFICIENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS, AND ANY OTHER INFORMATION NECESSARY, AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01003297
IRS990/TotalAssetsEOYAmt0953434
IRS990/TotalAssetsGrp/BOYAmt01003297
IRS990/TotalAssetsGrp/EOYAmt0953434
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0245716
IRS990/TotalFunctionalExpensesGrp/TotalAmt0245716
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01775875
IRS990/TotalLiabilitiesEOYAmt01774959
IRS990/TotalLiabilitiesGrp/BOYAmt01775875
IRS990/TotalLiabilitiesGrp/EOYAmt01774959
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-772578
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-821525
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0245716
IRS990/TotalProgramServiceRevenueAmt0196724
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0196769
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0196769
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01003297
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0953434
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-772578
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-821525
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1220 138 E AMITE ST
IRS990/USAddress/CityNm0JACKSON
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd0392151220
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CORNELIUS JONES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ACTING CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum06019486401
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE MENDENHALL RURAL HSG AND COMM
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0MEND
ReturnHeader/Filer/EIN0640923779
ReturnHeader/Filer/PhoneNum06019486401
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1220 138 E AMITE ST
ReturnHeader/Filer/USAddress/CityNm0JACKSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd0392151220
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640903390
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GRANTHAM POOLE ET AL PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01062 HIGHLAND COLONY PARKWAY SUITE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt0201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RIDGELAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd039157
ReturnHeader/PreparerPersonGrp/PhoneNum06014992400
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALAN ARRINGTON CPA
ReturnHeader/ReturnTs02016-11-11T13:59:13-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.80$0.05$0.74$0.19$0.30$0.11
2023Detailed filing. Detailed filing data is available for this year.$0.91$0.05$0.86$0.46$0.27$0.19
2022Detailed filing. Detailed filing data is available for this year.$0.71$0.04$0.67$0.18$0.22$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.74$1.77$1.03$0.21$0.22$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.75$1.77$1.02$0.23$0.25$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.77$1.78$1.00$0.21$0.25$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.81$1.78$0.96$0.18$0.24$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.88$1.78$0.90$0.17$0.25$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.95$1.77$0.82$0.20$0.25$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.00$1.78$0.77$0.19$0.24$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.07$1.79$0.72$0.15$0.22$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$1.78$0.66$0.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$1.78$0.60$0.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$1.79$0.57$0.20