Civic Intelligence

MID-South Housing Foundation

990 • Fiscal year 2020 • EIN 72-1380444

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 23, 2021

Organization ProfileN/A
2330 University AvenueOxford, MS 38655

(662) 236-5080

Siviq Scores

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

Liabilities / Assets

8th percentile

0.00x

Higher debt load relative to assets than 8% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

9th percentile

0.03x

Higher debt load relative to revenue than 9% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

99th percentile

99%

Higher net margin than 99% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

9th percentile

$25,000

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

39th percentile

3.7%

Faster asset growth than 39% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

98th percentile

427%

Faster revenue growth than 98% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets8th percentile

Assets

Up

$26,507,382

Up $937,609 (+3.7%) from 2019

Net Assets

Up

$26,394,882

Up $4,214,465 (+19%) from 2019

Liabilities

Down

$112,500

Down $3,276,856 (-97%) from 2019

Revenue And Expenses
Liabilities / Revenue9th percentileNet Margin99th percentile

Revenue

Up

$4,275,512

Up $3,463,493 (+427%) from 2019

Expenses

Down

$61,047

Down $30,450 (-33%) from 2019

Net Income

Up

$4,214,465

Up $3,493,943 (+485%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

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

$30M$20M$10M$0Assets 2010: $14,546,273Liabilities 2010: $487,500Net Assets 2010: $14,058,7732010Assets 2011: $15,329,621Liabilities 2011: $525,000Net Assets 2011: $14,804,6212011Assets 2012: $19,204,876Liabilities 2012: $3,684,810Net Assets 2012: $15,520,0662012Assets 2013: $20,149,912Liabilities 2013: $3,916,756Net Assets 2013: $16,233,1562013Assets 2014: $20,913,587Liabilities 2014: $3,951,856Net Assets 2014: $16,961,7312014Assets 2015: $21,690,339Liabilities 2015: $3,989,356Net Assets 2015: $17,700,9832015Assets 2016: $22,830,548Liabilities 2016: $4,027,355Net Assets 2016: $18,803,1932016Assets 2017: $23,256,136Liabilities 2017: $4,064,356Net Assets 2017: $19,191,7802017Assets 2018: $25,033,125Liabilities 2018: $3,573,230Net Assets 2018: $21,459,8952018Assets 2019: $25,569,773Liabilities 2019: $3,389,356Net Assets 2019: $22,180,4172019Assets 2020: $26,507,382Liabilities 2020: $112,500Net Assets 2020: $26,394,8822020Assets 2021: $26,795,271Liabilities 2021: $25,000Net Assets 2021: $26,770,2712021Assets 2022: $27,150,394Liabilities 2022: $62,500Net Assets 2022: $27,087,8942022Assets 2023: $27,227,591Liabilities 2023: $109,732Net Assets 2023: $27,117,8592023Assets 2024: $27,054,948Liabilities 2024: $74,196Net Assets 2024: $26,980,7522024

Highlighted filing

2020

Assets$26,507,382
Liabilities$112,500
Net Assets$26,394,882
Open 2020 Filing

Operations Trend

Revenue Growth98th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $71,8352010Expenses 2011: $58,5832011Revenue 2012: $773,375Expenses 2012: $57,930Net Income 2012: $715,4452012Revenue 2013: $771,374Expenses 2013: $58,284Net Income 2013: $713,0902013Revenue 2014: $785,376Expenses 2014: $56,801Net Income 2014: $728,5752014Revenue 2015: $803,319Expenses 2015: $64,067Net Income 2015: $739,2522015Revenue 2016: $1,134,903Expenses 2016: $201,463Net Income 2016: $933,4402016Revenue 2017: $583,327Expenses 2017: $194,740Net Income 2017: $388,5872017Revenue 2018: $1,023,130Expenses 2018: $187,172Net Income 2018: $835,9582018Revenue 2019: $812,019Expenses 2019: $91,497Net Income 2019: $720,5222019Revenue 2020: $4,275,512Expenses 2020: $61,047Net Income 2020: $4,214,4652020Revenue 2021: $448,331Expenses 2021: $72,942Net Income 2021: $375,3892021Revenue 2022: $391,180Expenses 2022: $73,557Net Income 2022: $317,6232022Revenue 2023: $200,095Expenses 2023: $170,130Net Income 2023: $29,9652023Revenue 2024: $0Expenses 2024: $200,503Net Income 2024: -$200,5032024

Highlighted filing

2020

Revenue$4,275,512
Expenses$61,047
Net Income$4,214,465
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 23, 2021
Return Version
2020v4.0
Gross Receipts
$4,275,512
Mission and Program Overview

Mission

To engage in the development, financing, construction, renovation, rehabilitation, management, and otherwise providing for and fostering low and moderate income housing in mississippi.

To engage in the development, financing, construction, renovation, rehabilitation, management, and otherwise providing for and fostering low and moderate income housing in the mid-south.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$19,388,166$19,742,786▲ $354,620
Cash and Non-Interest-Bearing Accounts$13,070$242,956▲ $229,886
Accounts Receivable$12,000$12,000→ $0
Total Assets$25,569,773$26,507,382▲ $937,609
Other Assets Total$6,156,537$6,509,640▲ $353,103
Liabilities
Grants Payable$3,314,356--
Other Liabilities$75,000$112,500▲ $37,500
Total Liabilities$3,389,356$112,500▼ $3,276,856
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$22,180,417$26,394,882▲ $4,214,465
Total Net Assets Fund Balance$22,180,417$26,394,882▲ $4,214,465
Total Liabilities and Net Assets / Fund Balance$25,569,773$26,507,382▲ $937,609

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,359,882--
Compensation and Service Providers
Top Officer Pay9th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Clarence W ChapmanPresidentPT$25,000$25,000
Clarence C Chapman JrSecretary-$12,500$12,500

Board Members and Trustees

NameTitle
Charles McclellandDirector
John ChapmanDirector
Sally ShyDirector
John SchmidtTreasurer
Larry HaynesVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,830,539
Investment Income
$444,973
Other Revenue
$0
Change in Net Assets
$4,214,465

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,275,512
Total Revenue per Audited Statements
$4,275,512
Total Revenue per Form 990
$4,275,512
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$53,700
Other Expenses$7,347
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$37,500-$37,500
Other Salaries and Wages-$16,200-$16,200
Travel-$2,575-$2,575
Fees for Services Accounting-$1,575-$1,575
Office Expenses-$1,195-$1,195
Advertising-$1,000-$1,000
Other Expenses-$53-$53
Total Functional Expenses$0$61,047$0$61,047

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$61,047
Total Expenses per Audited Statements$61,047
Total Expenses per Form 990$61,047
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
Deferred Compensation Payable$112,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
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
No

Governance Explanations

Form 990, Part VI

“Larry haynes has been a housing co-developer with the chapman board members in the past. Eddie crawford is deceased.”

Form 990, Page 6, Part VI, Line 2

“Mid-south housing foundation mid-south housing foundation president secretary father/son mid-south housing foundation mid-south housing foundation president director father/son mid-south housing foundation mid-south housing foundation secretary director brothers”

Form 990, Page 6, Part VI, Line 9

“Larry haynes 10550 hwy. 322 bellview road clarksdale, ms 38614 john schmidt 4 east second street clarksdale, ms 38614-8614 charles mcclelland 6252 winthrop circle jackson, ms 39206 sally shy 585 s. Greer, apt 203 memphis, tn 38111”

Form 990, Page 6, Part VI, Line 11B

“The tax return was reviewed by the officers prior to filing and will be reviewed by the entire board of directors at it's next regular meeting.”

Form 990, Page 6, Part VI, Line 19

“The governing documents, conflict of interest policy and financial statements are available at the organization's office upon request.”

Filing and Contact Details

Filer

Filer Name
Mid-south Housing Foundation
EIN
72-1380444
Phone
6622365080
Address
2330 UNIVERSITY AVENUE, OXFORD, MS 38655

Signing Officer

Name
Clarence W Chapman
Title
President
Phone
6622365080
Signed
2021-07-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Clarence W Chapman
Formed
1997
Legal Domicile
Ms
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Cone & Smith Pc
Address
106 RAINBOW INDUSTRIAL BLVD, RAINBOW CITY, AL 35906-8901
Preparer
David a Smith CPA
Phone
2564133057
Raw XML Appendix337 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/AccountsReceivableGrp/BOYAmt012000
IRS990/AccountsReceivableGrp/EOYAmt012000
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO ENGAGE IN THE DEVELOPMENT, FINANCING, CONSTRUCTION, RENOVATION, REHABILITATION, MANAGEMENT, AND OTHERWISE PROVIDING FOR AND FOSTERING LOW AND MODERATE INCOME HOUSING IN THE MID-SOUTH.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt01000
IRS990/AdvertisingGrp/TotalAmt01000
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0CLARENCE C CHAPMAN JR
IRS990/BooksInCareOfDetail/PhoneNum06622365080
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02330 UNIVERSITY AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0OXFORD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MS
IRS990/BooksInCareOfDetail/USAddress/ZIPCd038655
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt013070
IRS990/CashNonInterestBearingGrp/EOYAmt0242956
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt037500
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt037500
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0444973
IRS990/CYOtherExpensesAmt07347
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt03830539
IRS990/CYRevenuesLessExpensesAmt04214465
IRS990/CYSalariesCompEmpBnftPaidAmt053700
IRS990/CYTotalExpensesAmt061047
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04275512
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0PROVIDE PERMANENT LONG-TERM FINANCING TO AFFORDABLE HOUSING DEVELOPMENTS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01575
IRS990/FeesForServicesAccountingGrp/TotalAmt01575
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt08.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt025000
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt212500
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0CLARENCE W CHAPMAN
IRS990/Form990PartVIISectionAGrp/PersonNm1LARRY HAYNES
IRS990/Form990PartVIISectionAGrp/PersonNm2CLARENCE C CHAPMAN JR
IRS990/Form990PartVIISectionAGrp/PersonNm3JOHN SCHMIDT
IRS990/Form990PartVIISectionAGrp/PersonNm4JOHN CHAPMAN
IRS990/Form990PartVIISectionAGrp/PersonNm5CHARLES MCCLELLAND
IRS990/Form990PartVIISectionAGrp/PersonNm6SALLY SHY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsPayableGrp/BOYAmt03314356
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt04275512
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0444973
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0444973
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MS
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO ENGAGE IN THE DEVELOPMENT, FINANCING, CONSTRUCTION, RENOVATION, REHABILITATION, MANAGEMENT, AND OTHERWISE PROVIDING FOR AND FOSTERING LOW AND MODERATE INCOME HOUSING IN THE MID-SOUTH.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt022180417
IRS990/NetAssetsOrFundBalancesEOYAmt026394882
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt022180417
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt026394882
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01195
IRS990/OfficeExpensesGrp/TotalAmt01195
IRS990/OfficerMailingAddressInd0true
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06156537
IRS990/OtherAssetsTotalGrp/EOYAmt06509640
IRS990/OtherExpensesGrp/Desc0DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1LICENSES AND PERMITS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0949
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt153
IRS990/OtherExpensesGrp/TotalAmt0949
IRS990/OtherExpensesGrp/TotalAmt153
IRS990/OtherLiabilitiesGrp/BOYAmt075000
IRS990/OtherLiabilitiesGrp/EOYAmt0112500
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt016200
IRS990/OtherSalariesAndWagesGrp/TotalAmt016200
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt019388166
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt019742786
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0CLARENCE W CHAPMAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0GRANT INCOME
IRS990/ProgramServiceRevenueGrp/Desc1MORTGAGE INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc2DONATIONS
IRS990/ProgramServiceRevenueGrp/ExclusionAmt03314356
IRS990/ProgramServiceRevenueGrp/ExclusionAmt1516069
IRS990/ProgramServiceRevenueGrp/ExclusionAmt2114
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03314356
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1516069
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2114
IRS990/ProgSrvcAccomActy2Grp/Desc0ALL SALARIES AND ALL EXPENSES HAVE BEEN SPENT IN SERVICING AND COLLECTING THE OUTSTANDING MORTGAGE LOAN PAYMENTS AND IN PURSUING FUNDING FOR ADDITIONAL AFFORDABLE HOUSING DEVELOPMENTS. ADDITIONALLY, WORKING WITH OTHER NON-PROFITS TO OBTAIN GRANTS TO FUND SERVICES TO LOW INCOME RESIDENTS IN AFFORDABLE HOUSING DEVELOPMENTS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0289587
IRS990/PYOtherExpensesAmt013634
IRS990/PYProgramServiceRevenueAmt0522432
IRS990/PYRevenuesLessExpensesAmt0720522
IRS990/PYSalariesCompEmpBnftPaidAmt077863
IRS990/PYTotalExpensesAmt091497
IRS990/PYTotalRevenueAmt0812019
IRS990/ReconcilationRevenueExpnssAmt04214465
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt02589
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02589
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0444973
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0289587
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0500724
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0108922
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0332547
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01676753
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt03829539
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt0521432
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt0521406
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt0470816
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt0801356
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt06144549
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.21460
IRS990ScheduleA/PublicSupportPY509Pct00.46810
IRS990ScheduleA/PublicSupportTotal509Amt01679342
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0444973
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0289587
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0500724
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0111511
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0332547
IRS990ScheduleA/Total509Grp/TotalAmt01679342
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt04274512
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0811019
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01022130
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0582327
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01133903
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07823891
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt061047
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05149758
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11359882
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0AFF. HOUSING MORTGAGE LOAN INT. REC
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TAXBLE C CORP PLANTATION HOUSING,INC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0112500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED COMPENSATION PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt04275512
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06509640
IRS990ScheduleD/TotalExpensesPerForm990Amt061047
IRS990ScheduleD/TotalLiabilityAmt0112500
IRS990ScheduleD/TotalRevenuePerForm990Amt04275512
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04275512
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt061047
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LARRY HAYNES HAS BEEN A HOUSING CO-DEVELOPER WITH THE CHAPMAN BOARD MEMBERS IN THE PAST. EDDIE CRAWFORD IS DECEASED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MID-SOUTH HOUSING FOUNDATION MID-SOUTH HOUSING FOUNDATION PRESIDENT SECRETARY FATHER/SON MID-SOUTH HOUSING FOUNDATION MID-SOUTH HOUSING FOUNDATION PRESIDENT DIRECTOR FATHER/SON MID-SOUTH HOUSING FOUNDATION MID-SOUTH HOUSING FOUNDATION SECRETARY DIRECTOR BROTHERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LARRY HAYNES 10550 HWY. 322 BELLVIEW ROAD CLARKSDALE, MS 38614 JOHN SCHMIDT 4 EAST SECOND STREET CLARKSDALE, MS 38614-8614 CHARLES MCCLELLAND 6252 WINTHROP CIRCLE JACKSON, MS 39206 SALLY SHY 585 S. GREER, APT 203 MEMPHIS, TN 38111
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE TAX RETURN WAS REVIEWED BY THE OFFICERS PRIOR TO FILING AND WILL BE REVIEWED BY THE ENTIRE BOARD OF DIRECTORS AT IT'S NEXT REGULAR MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE ORGANIZATION'S OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MS
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt025569773
IRS990/TotalAssetsEOYAmt026507382
IRS990/TotalAssetsGrp/BOYAmt025569773
IRS990/TotalAssetsGrp/EOYAmt026507382
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt061047
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt061047
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03389356
IRS990/TotalLiabilitiesEOYAmt0112500
IRS990/TotalLiabilitiesGrp/BOYAmt03389356
IRS990/TotalLiabilitiesGrp/EOYAmt0112500
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt022180417
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt026394882
IRS990/TotalOtherCompensationAmt037500
IRS990/TotalProgramServiceRevenueAmt03830539
IRS990/TotalRevenueGrp/ExclusionAmt03830539
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0444973
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04275512
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt025569773
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt026507382
IRS990/TravelGrp/ManagementAndGeneralAmt02575
IRS990/TravelGrp/TotalAmt02575
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02330 UNIVERSITY AVENUE
IRS990/USAddress/CityNm0OXFORD
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd038655
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CLARENCE W CHAPMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06622365080
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MID-SOUTH HOUSING FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MID-
ReturnHeader/Filer/EIN0721380444
ReturnHeader/Filer/PhoneNum06622365080
ReturnHeader/Filer/USAddress/AddressLine1Txt02330 UNIVERSITY AVENUE
ReturnHeader/Filer/USAddress/CityNm0OXFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd038655
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0631223562
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CONE & SMITH PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0106 RAINBOW INDUSTRIAL BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RAINBOW CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0359068901
ReturnHeader/PreparerPersonGrp/PhoneNum02564133057
ReturnHeader/PreparerPersonGrp/PreparationDt02021-07-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID A SMITH CPA
ReturnHeader/ReturnTs02021-08-20T09:50:17-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CLARENCE W
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CHAPMAN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,507,382
Liabilities
$112,500
Net assets
$26,394,882
Revenue
$4,275,512
Expenses
$61,047
Net income
$4,214,465
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.1$0.07$27.0$0.00$0.20$0.20
2023Detailed filing. Detailed filing data is available for this year.$27.2$0.11$27.1$0.20$0.17$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.2$0.06$27.1$0.39$0.07$0.32
2021Detailed filing. Detailed filing data is available for this year.$26.8$0.03$26.8$0.45$0.07$0.38
2020Detailed filing. Detailed filing data is available for this year.$26.5$0.11$26.4$4.28$0.06$4.21
2019Detailed filing. Detailed filing data is available for this year.$25.6$3.39$22.2$0.81$0.09$0.72
2018Detailed filing. Detailed filing data is available for this year.$25.0$3.57$21.5$1.02$0.19$0.84
2017Detailed filing. Detailed filing data is available for this year.$23.3$4.06$19.2$0.58$0.19$0.39
2016Detailed filing. Detailed filing data is available for this year.$22.8$4.03$18.8$1.13$0.20$0.93
2015Detailed filing. Detailed filing data is available for this year.$21.7$3.99$17.7$0.80$0.06$0.74
2014Detailed filing. Detailed filing data is available for this year.$20.9$3.95$17.0$0.79$0.06$0.73
2013Detailed filing. Detailed filing data is available for this year.$20.1$3.92$16.2$0.77$0.06$0.71
2012Summary only. Only limited summary data is available for this year.$19.2$3.68$15.5$0.77$0.06$0.72
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.3$0.53$14.8$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.5$0.49$14.1$0.07