Civic Intelligence

Memphis Housing Strategies

EIN 84-3129243 • 501(c)3 • Memphis, TN

Profile

To advance real estate initiatives that promote vibrant and sustainable neighborhoods.

700 Adams AveMemphis, TN 38105

www.memphishousingstrategies.org

Siviq Scores

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

Liabilities / Assets

29th percentile

0.01x

Higher debt load relative to assets than 29% of similar nonprofits.

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

Liabilities / Revenue

32nd percentile

0.02x

Higher debt load relative to revenue than 32% of similar nonprofits.

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

Net Margin

99th percentile

99%

Higher net margin than 99% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

91st percentile

53%

Faster asset growth than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets29th percentile

Assets

Up

$1,183,505

Up $446,042 (+60%) from 2023

Liabilities

Flat

$7,839

Flat from 2023

Net Assets

Up

$1,175,666

Up $446,042 (+61%) from 2023

Operations
Liabilities / Revenue32nd percentileNet Margin99th percentile

Revenue

Up

$450,000

Up $200,000 (+80%) from 2023

Expenses

Down

$3,958

Down $17,096 (-81%) from 2023

Net Income

Up

$446,042

Up $217,096 (+95%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth91st percentile

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

$1.5M$1.0M$500K$0Assets 2021: $647,967Liabilities 2021: $129,600Net Assets 2021: $518,3672021Assets 2022: $508,517Liabilities 2022: $7,839Net Assets 2022: $500,6782022Assets 2023: $737,463Liabilities 2023: $7,839Net Assets 2023: $729,6242023Assets 2024: $1,183,505Liabilities 2024: $7,839Net Assets 2024: $1,175,6662024

Highlighted filing

2024

Assets$1,183,505
Liabilities$7,839
Net Assets$1,175,666
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$800K$600K$400K$200K$0-$200KRevenue 2021: $648,000Expenses 2021: $129,633Net Income 2021: $518,3672021Revenue 2022: $0Expenses 2022: $17,689Net Income 2022: -$17,6892022Revenue 2023: $250,000Expenses 2023: $21,054Net Income 2023: $228,9462023Revenue 2024: $450,000Expenses 2024: $3,958Net Income 2024: $446,0422024

Highlighted filing

2024

Revenue$450,000
Expenses$3,958
Net Income$446,042
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,183,505
Liabilities
$7,839
Net assets
$1,175,666
Revenue
$450,000
Expenses
$3,958
Net income
$446,042
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.18$0.01$1.18$0.45$0.00$0.45
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.74$0.01$0.73$0.25$0.02$0.23
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.51$0.01$0.50$0.00$0.02$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.65$0.13$0.52$0.65$0.13$0.52
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 10, 2025
Return Version
2024v5.2
Gross Receipts
$450,000
Mission and Program Overview

Mission

To advance real estate initiatives that promote vibrant and sustainable neighborhoods.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$737,463$1,183,505▲ $446,042
Total Assets$737,463$1,183,505▲ $446,042
Liabilities
Accounts Payable and Accrued Expenses$7,839$7,839→ $0
Total Liabilities$7,839$7,839→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$729,624$1,175,666▲ $446,042
Total Net Assets Fund Balance$729,624$1,175,666▲ $446,042
Total Liabilities and Net Assets / Fund Balance$737,463$1,183,505▲ $446,042
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Dexter D WashingtonPresident
Chet JacksonDirector
Eva MosbyDirector
Mary SharpDirector
William StemlerDirector
Luthera PhillipsSecretary
Marlon FosterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$450,000
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$446,042
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,958
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting$3,900--$3,900
Other Expenses$58--$58
Total Functional Expenses$3,958$0$0$3,958
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
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, Part VI, Section B, Line 11B

“The form 990 is reviewed by the executive director and treasurer and then distributed to the board of directors for review prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The board maintains, monitors, and enforces a written conflict of interest policy.”

Form 990, Part VI, Section C, Line 19

“All information is available upon request for a reasonable fee for production.”

Filing and Contact Details

Filer

Filer Name
Memphis Housing Strategies
EIN
84-3129243
Phone
9015441862
Address
700 ADAMS AVE, MEMPHIS, TN 38105

Signing Officer

Name
Dexter Washington
Title
President
Phone
9012978416
Signed
2025-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dexter Washington
Formed
2019
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Watkins Uiberall Pllc
Address
1661 AARON BRENNER DR STE 300, MEMPHIS, TN 38120
Preparer
Benjamin D Collins
Phone
9017612720
Supplemental Narrative

Additional Explanations

Schedule O - 168(H) Election for Mhs South City V LLC

“An irc sec. 168(h)(6)(f)(ii) election was made on the corporate tax return for mhs south city v llc (ein 92-0388243). The election is being copied onto the return for memphis housing strategies as well. Election under irc sec. 168(h)(6)(f)(ii): mhs south city v llc 700 adams ave memphis, tn 38105 ein: 92-0388243 mhs south city v llc herby elects under irc sec. 168(h)(6)(f)(ii) not to be treated as a tax-exempt entity for purposes of irc section 168(h)(5) (the tax-exempt use rule for property leased to certain pass-through entities) and irc sec. 168(h)(6) (the tax-exempt use rule for property owned by certain pass-through entities). This election is effective for the tax year beginning january 1, 2024, and all subsequent tax years. Mhs south city v, llc, acknowledges that as a result of this election, any gain recognized by a tax-exempt entity on disposition of an interest in mhs south city v llc (as well as any dividends or interest received or accrued from mhs south city v llc) must be treated as unrelated business taxable income under irc section 511. A signed election has also been attached to the electronically filed return for mhs south city v llc.”

Raw XML Appendix377 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND TREASURER AND THEN DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD MAINTAINS, MONITORS, AND ENFORCES A WRITTEN CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL INFORMATION IS AVAILABLE UPON REQUEST FOR A REASONABLE FEE FOR PRODUCTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AN IRC SEC. 168(H)(6)(F)(II) ELECTION WAS MADE ON THE CORPORATE TAX RETURN FOR MHS SOUTH CITY V LLC (EIN 92-0388243). THE ELECTION IS BEING COPIED ONTO THE RETURN FOR MEMPHIS HOUSING STRATEGIES AS WELL. ELECTION UNDER IRC SEC. 168(H)(6)(F)(II): MHS SOUTH CITY V LLC 700 ADAMS AVE MEMPHIS, TN 38105 EIN: 92-0388243 MHS SOUTH CITY V LLC HERBY ELECTS UNDER IRC SEC. 168(H)(6)(F)(II) NOT TO BE TREATED AS A TAX-EXEMPT ENTITY FOR PURPOSES OF IRC SECTION 168(H)(5) (THE TAX-EXEMPT USE RULE FOR PROPERTY LEASED TO CERTAIN PASS-THROUGH ENTITIES) AND IRC SEC. 168(H)(6) (THE TAX-EXEMPT USE RULE FOR PROPERTY OWNED BY CERTAIN PASS-THROUGH ENTITIES). THIS ELECTION IS EFFECTIVE FOR THE TAX YEAR BEGINNING JANUARY 1, 2024, AND ALL SUBSEQUENT TAX YEARS. MHS SOUTH CITY V, LLC, ACKNOWLEDGES THAT AS A RESULT OF THIS ELECTION, ANY GAIN RECOGNIZED BY A TAX-EXEMPT ENTITY ON DISPOSITION OF AN INTEREST IN MHS SOUTH CITY V LLC (AS WELL AS ANY DIVIDENDS OR INTEREST RECEIVED OR ACCRUED FROM MHS SOUTH CITY V LLC) MUST BE TREATED AS UNRELATED BUSINESS TAXABLE INCOME UNDER IRC SECTION 511. A SIGNED ELECTION HAS ALSO BEEN ATTACHED TO THE ELECTRONICALLY FILED RETURN FOR MHS SOUTH CITY V LLC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE O - 168(H) ELECTION FOR MHS SOUTH CITY V LLC
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0MH STRATEGIES FAMILY RAD GP II LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1MH STRATEGIES GP II LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt2MH STRATEGIES II GP II LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt3MHS SOUTH CITY V LLC
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DEXTER WASHINGTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09012978416
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MEMPHIS HOUSING STRATEGIES
ReturnHeader/Filer/BusinessNameControlTxt0MEMP
ReturnHeader/Filer/EIN0843129243
ReturnHeader/Filer/PhoneNum09015441862
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621804252
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WATKINS UIBERALL PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01661 AARON BRENNER DR STE 300
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038120
ReturnHeader/PreparerPersonGrp/PhoneNum09017612720
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BENJAMIN D COLLINS
ReturnHeader/ReturnTs02025-11-17T14:19:14-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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