Civic Intelligence

New Way Mississippi Inc

EIN 73-1631055 • 501(c)3 • Jackson, MS

Profile

Provide transitional housing

PO Box 24404Jackson, MS 39225-4404

n/A

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.91x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

1.25x

Higher debt load relative to revenue than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

40th percentile

0.3%

Higher net margin than 40% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

62nd percentile

$90,000

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 8.3% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

78th percentile

19%

Faster asset growth than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

75th percentile

31%

Faster revenue growth than 75% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,506,170

Up $240,317 (+19%) from 2023

Liabilities

Up

$1,364,497

Up $85,277 (+6.7%) from 2023

Net Assets

Up

$141,673

Up $155,040 (+1160%) from 2023

Revenue

Up

$1,088,269

Up $259,317 (+31%) from 2023

Expenses

Up

$1,085,179

Up $60,218 (+5.9%) from 2023

Net Income

Up

$3,090

Up $199,099 (+102%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2011: $4,518Net Assets 2011: $4,5182011Assets 2012: $2,430Liabilities 2012: $02012Assets 2013: $73,750Liabilities 2013: $8,487Net Assets 2013: $65,2632013Assets 2014: $165,784Liabilities 2014: $11,360Net Assets 2014: $154,4242014Assets 2015: $503,168Liabilities 2015: $275,487Net Assets 2015: $227,6812015Assets 2016: $379,973Liabilities 2016: $257,376Net Assets 2016: $122,5972016Assets 2017: $295,806Liabilities 2017: $193,414Net Assets 2017: $102,3922017Assets 2018: $336,642Liabilities 2018: $220,408Net Assets 2018: $116,2342018Assets 2019: $772,594Liabilities 2019: $269,861Net Assets 2019: $502,7332019Assets 2020: $725,750Liabilities 2020: $323,446Net Assets 2020: $402,3042020Assets 2021: $862,439Liabilities 2021: $571,482Net Assets 2021: $290,9572021Assets 2023: $1,265,853Liabilities 2023: $1,279,220Net Assets 2023: -$13,3672023Assets 2024: $1,506,170Liabilities 2024: $1,364,497Net Assets 2024: $141,6732024

Highlighted filing

2024

Assets$1,506,170
Liabilities$1,364,497
Net Assets$141,673

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $98,243Expenses 2011: $93,725Net Income 2011: $4,5182011Revenue 2012: $116,452Expenses 2012: $118,540Net Income 2012: -$2,0882012Revenue 2013: $233,581Expenses 2013: $169,745Net Income 2013: $63,8362013Revenue 2014: $606,972Expenses 2014: $517,810Net Income 2014: $89,1622014Revenue 2015: $891,749Expenses 2015: $821,865Net Income 2015: $69,8842015Revenue 2016: $633,768Expenses 2016: $728,234Net Income 2016: -$94,4662016Revenue 2017: $769,117Expenses 2017: $732,982Net Income 2017: $36,1352017Revenue 2018: $815,441Expenses 2018: $796,535Net Income 2018: $18,9062018Revenue 2019: $1,350,912Expenses 2019: $964,135Net Income 2019: $386,7772019Revenue 2020: $771,670Expenses 2020: $880,318Net Income 2020: -$108,6482020Revenue 2021: $687,266Expenses 2021: $725,073Net Income 2021: -$37,8072021Revenue 2023: $828,952Expenses 2023: $1,024,961Net Income 2023: -$196,0092023Revenue 2024: $1,088,269Expenses 2024: $1,085,179Net Income 2024: $3,0902024

Highlighted filing

2024

Revenue$1,088,269
Expenses$1,085,179
Net Income$3,090

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$1.36$0.14$1.09$1.09$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.27$1.28$0.01$0.83$1.02$0.20
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.86$0.57$0.29$0.69$0.73$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.73$0.32$0.40$0.77$0.88$0.11
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$0.27$0.50$1.35$0.96$0.39
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.22$0.12$0.82$0.80$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.30$0.19$0.10$0.77$0.73$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.38$0.26$0.12$0.63$0.73$0.09
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.50$0.28$0.23$0.89$0.82$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.17$0.01$0.15$0.61$0.52$0.09
2013Detailed filing. Detailed filing data is available for this year.$0.07$0.01$0.07$0.23$0.17$0.06
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.12$0.12$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.10$0.09$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 30, 2025
Return Version
2024v5.2
Gross Receipts
$1,088,269
Mission and Program Overview

Mission

Provide transitional housing for the homeless, ex-offenders and disenfranchised individuals. Provide employment opportunities by partnering with local municipality and businesses.

Provide transitional housing for the homeless, ex-offenders and disenfranchised individuals. Implemented a Employment Training Program for all program participants

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$757,048$996,120▲ $239,072
Cash and Non-Interest-Bearing Accounts$383,452$473,926▲ $90,474
Accounts Receivable-$23,770-
Prepaid Expenses and Deferred Charges$3,264--
Total Assets$1,265,853$1,506,170▲ $240,317
Other Assets Total$122,089$12,354▼ $109,735
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,190,359$1,197,166▲ $6,807
Accounts Payable and Accrued Expenses$88,861$167,331▲ $78,470
Other Liabilities$0$0→ $0
Total Liabilities$1,279,220$1,364,497▲ $85,277
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-13,367$141,673▲ $155,040
Total Net Assets Fund Balance$-13,367$141,673▲ $155,040
Total Liabilities and Net Assets / Fund Balance$1,265,853$1,506,170▲ $240,317

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$731,391--
Other Land Buildings$45,877--
Land$8,000--
Equipment$217,919--
Leasehold Improvements$170,611--
Other Assets Org$12,354--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LarryPerryFT$18,000$72,000$90,000
Revenue and Support

Revenue Composition

Contributions and Grants
$523,340
Program Service Revenue
$564,929
Investment Income
$0
Other Revenue
$0
All Other Contributions
$523,340
Change in Net Assets
$3,090
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$723,219
Salaries, Compensation, and Employee Benefits$361,960
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$226,967$134,993$0$361,960
All Other Expenses$234,883$21,322$0$256,205
Depreciation Depletion$0$84,011$0$84,011
Interest$0$83,816$0$83,816
Insurance$0$36,932$0$36,932
Occupancy$4,565$30,000$0$34,565
Other Expenses$1,611$143$0$1,754
Total Functional Expenses$683,495$401,684$0$1,085,179
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
na$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
Yes
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
Filing and Contact Details

Filer

Filer Name
New Way Mississippi Inc
EIN
73-1631055
Phone
6015005670
Address
PO BOX 24404, JACKSON, MS 39225-4404

Signing Officer

Name
Larry Perry
Title
Chief Executive Officer
Phone
6015005670
Signed
2025-10-30
Discuss with paid preparer
Yes

Organization Details

Formed
2001
Legal Domicile
Ms
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
5

Preparer

Firm
Rhodes Financial Group LLP
Address
914 Rutherford Drive, Jackson, MS 39206
Preparer
Phyllis RhodesPhDEA
Phone
6019460484
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The form 990 was delivered at the annual board meeting

Pt VI, Line 19

Financial documents are made accessible to the public upon request.

Pt VI, Line 15A

Chief Executive Officers salary is comparable to other executives for Non Profit Organizations with similar revenue streams in Mississippi. The data was obtained by reviewing several Form 990 filed in the State.

Form 990, Part IX, Line 24E

Medical Expenses 2553. 0. 2553. 0.

Form 990, Part IX, Line 24E

Membership fees 217. 0. 217. 0.

Form 990, Part IX, Line 24E

Office expenses 4026. 0. 4026. 0.

Form 990, Part IX, Line 24E

Other expenses 97218. 82692. 14526. 0.

Form 990, Part IX, Line 24E

Advertising 5476. 5476. 0. 0.

Form 990, Part IX, Line 24E

Auto expense 3506. 3506. 0. 0.

Form 990, Part IX, Line 24E

Cleaning supplies 1688. 1688. 0. 0.

Form 990, Part IX, Line 24E

Equipment Rental 5104. 5104. 0. 0.

Form 990, Part IX, Line 24E

Food cost and supplies 11200. 11200. 0. 0.

Form 990, Part IX, Line 24E

Household Supplies 1573. 1573. 0. 0.

Form 990, Part IX, Line 24E

In-Kind Expenses 29184. 29184. 0. 0.

Form 990, Part IX, Line 24E

Reimbursement expenses 12524. 12524. 0. 0.

Form 990, Part IX, Line 24E

Repairs and Maint 9132. 9132. 0. 0.

Form 990, Part IX, Line 24E

Supplies and materials 6402. 6402. 0. 0.

Form 990, Part IX, Line 24E

Travel 21770. 21770. 0. 0.

Form 990, Part IX, Line 24E

Utilities 44632. 44632. 0. 0.

Raw XML Appendix369 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/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0170611
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt112354
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0New Way Youth & Family Services Investments
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Operating Lease ROU
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt045877
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt045877
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0na
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01173798
IRS990ScheduleD/TotalBookValueOtherAssetsAmt012354
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The form 990 was delivered at the annual board meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Financial documents are made accessible to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Chief Executive Officers salary is comparable to other executives for Non Profit Organizations with similar revenue streams in Mississippi. The data was obtained by reviewing several Form 990 filed in the State.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Medical Expenses 2553. 0. 2553. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Membership fees 217. 0. 217. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Office expenses 4026. 0. 4026. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Other expenses 97218. 82692. 14526. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Advertising 5476. 5476. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Auto expense 3506. 3506. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Cleaning supplies 1688. 1688. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Equipment Rental 5104. 5104. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Food cost and supplies 11200. 11200. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Household Supplies 1573. 1573. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13In-Kind Expenses 29184. 29184. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Reimbursement expenses 12524. 12524. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Repairs and Maint 9132. 9132. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Supplies and materials 6402. 6402. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Travel 21770. 21770. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Utilities 44632. 44632. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MS
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01265853
IRS990/TotalAssetsEOYAmt01506170
IRS990/TotalAssetsGrp/BOYAmt01265853
IRS990/TotalAssetsGrp/EOYAmt01506170
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0523340
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0401684
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0683495
IRS990/TotalFunctionalExpensesGrp/TotalAmt01085179
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01279220
IRS990/TotalLiabilitiesEOYAmt01364497
IRS990/TotalLiabilitiesGrp/BOYAmt01279220
IRS990/TotalLiabilitiesGrp/EOYAmt01364497
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-13367
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0141673
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0564929
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0683495
IRS990/TotalProgramServiceRevenueAmt0564929
IRS990/TotalReportableCompFromOrgAmt018000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0564929
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01088269
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01265853
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01506170
IRS990/TotReportableCompRltdOrgAmt072000
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 24404
IRS990/USAddress/CityNm0Jackson
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd039225
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.newwaymississippi.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LARRY PERRY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chief Executive Officer
ReturnHeader/BusinessOfficerGrp/PhoneNum06015005670
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEW WAY MISSISSIPPI INC
ReturnHeader/Filer/BusinessNameControlTxt0NEWW
ReturnHeader/Filer/EIN0731631055
ReturnHeader/Filer/PhoneNum06015005670
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 24404
ReturnHeader/Filer/USAddress/CityNm0JACKSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd0392254404
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0825161376
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Rhodes Financial Group LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0914 Rutherford Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Jackson
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd039206
ReturnHeader/PreparerPersonGrp/PhoneNum06019460484
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Phyllis RhodesPhDEA
ReturnHeader/ReturnTs02025-10-30T16:52:12-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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