Civic Intelligence

MID-South Housing Foundation

990 • Fiscal year 2023 • EIN 72-1380444

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 19, 2024

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

9th percentile

0.00x

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

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

65th percentile

0.55x

Higher debt load relative to revenue than 65% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

72nd percentile

15%

Higher net margin than 72% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

10th percentile

$54,203

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 27.1% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

29th percentile

0.3%

Faster asset growth than 29% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

6th percentile

-49%

Faster revenue growth than 6% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$27,227,591

Up $77,197 (+0.3%) from 2022

Net Assets

Up

$27,117,859

Up $29,965 (+0.1%) from 2022

Liabilities

Up

$109,732

Up $47,232 (+76%) from 2022

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin72nd percentile

Revenue

Down

$200,095

Down $191,085 (-49%) from 2022

Expenses

Up

$170,130

Up $96,573 (+131%) from 2022

Net Income

Down

$29,965

Down $287,658 (-91%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth29th 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

2023

Assets$27,227,591
Liabilities$109,732
Net Assets$27,117,859
Open 2023 Filing

Operations Trend

Revenue Growth6th 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

2023

Revenue$200,095
Expenses$170,130
Net Income$29,965
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 19, 2024
Return Version
2023v5.0
Gross Receipts
$200,095
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$20,304,364$20,420,873▲ $116,509
Cash and Non-Interest-Bearing Accounts$134,436$36,513▼ $97,923
Accounts Receivable$5,000$5,000→ $0
Total Assets$27,150,394$27,227,591▲ $77,197
Other Assets Total$6,706,594$6,765,205▲ $58,611
Liabilities
Other Liabilities$62,500$100,000▲ $37,500
Accounts Payable and Accrued Expenses-$9,732-
Total Liabilities$62,500$109,732▲ $47,232
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$27,087,894$27,117,859▲ $29,965
Total Net Assets Fund Balance$27,087,894$27,117,859▲ $29,965
Total Liabilities and Net Assets / Fund Balance$27,150,394$27,227,591▲ $77,197

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,884,420--
Compensation and Service Providers
Top Officer Pay10th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Clarence W ChapmanPresidentPT$54,203$54,203
Clarence C Chapman JrSecretary-$18,341$18,341
John SchmidtTreasurer-$14,512$14,512
John ChapmanDirector-$5,841$5,841

Board Members and Trustees

NameTitle
Charles McclellandDirector
Sally ShyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$140,617
Investment Income
$59,478
Other Revenue
$0
Change in Net Assets
$29,965

Audited Revenue Reconciliation

Revenue per Audited Statements
$200,095
Total Revenue per Audited Statements
$200,095
Total Revenue per Form 990
$200,095
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$108,496
Other Expenses$61,634
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$108,496-$108,496
Fees for Services Other-$18,000-$18,000
Fees for Services Accounting-$9,236-$9,236
Insurance-$4,827-$4,827
Office Expenses-$807-$807
Other Expenses-$550-$550
Travel-$465-$465
Total Functional Expenses$0$170,130$0$170,130

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$170,130
Total Expenses per Audited Statements$170,130
Total Expenses per Form 990$170,130
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$100,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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

“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
2024-07-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Clarence W Chapman
Formed
1997
Legal Domicile
Ms
Voting Board Members
6
Independent Board Members
6
Employees
1

Preparer

Firm
Cone & Smith Pc
Address
106 RAINBOW INDUSTRIAL BLVD, RAINBOW CITY, AL 35906-8901
Preparer
David a Smith CPA
Phone
2564133057
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“DIRECTOR FEES 0 18,000 0”

Raw XML Appendix342 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0100000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED COMPENSATION PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt0200095
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06765205
IRS990ScheduleD/TotalExpensesPerForm990Amt0170130
IRS990ScheduleD/TotalLiabilityAmt0100000
IRS990ScheduleD/TotalRevenuePerForm990Amt0200095
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0200095
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0170130
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/ExplanationTxt2JOHN 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/ExplanationTxt5DIRECTOR FEES 0 18,000 0
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MS
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt027150394
IRS990/TotalAssetsEOYAmt027227591
IRS990/TotalAssetsGrp/BOYAmt027150394
IRS990/TotalAssetsGrp/EOYAmt027227591
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0170130
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0170130
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt062500
IRS990/TotalLiabilitiesEOYAmt0109732
IRS990/TotalLiabilitiesGrp/BOYAmt062500
IRS990/TotalLiabilitiesGrp/EOYAmt0109732
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt027087894
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt027117859
IRS990/TotalOtherCompensationAmt092897
IRS990/TotalProgramServiceRevenueAmt0140617
IRS990/TotalRevenueGrp/ExclusionAmt0141483
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt058612
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0200095
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt027150394
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt027227591
IRS990/TravelGrp/ManagementAndGeneralAmt0465
IRS990/TravelGrp/TotalAmt0465
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02330 UNIVERSITY AVENUE
IRS990/USAddress/CityNm0OXFORD
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd038655
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CLARENCE W CHAPMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06622365080
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-19
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/IRSResponsiblePrtyInfoCurrInd0false
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/PreparationDt02024-07-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID A SMITH CPA
ReturnHeader/ReturnTs02024-07-19T14:31:05-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CLARENCE W
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CHAPMAN
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$27,227,591
Liabilities
$109,732
Net assets
$27,117,859
Revenue
$200,095
Expenses
$170,130
Net income
$29,965
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