SOUTH MISSISSIPPI HOUSING & DEVELOPMENT CORPORATION (EIN 205640452) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

JUSTIN BROOKS

Phone

2282870106

Tax Period

2023-01-01 to 2023-12-31

SOUTH MISSISSIPPI HOUSING & DEVELOPMENT CORPORATION, founded in 2006, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 20% operating deficit.

Mission

MANAGE AND DEVELOP SUSTAINABLE HOUSING FOR THE POOR, DISTRESSED AND UNDER PRIVILEGED AND RELIEVE THE BURDENS OF GOVERNMENT BY ADDRESSING THE ONGOING AFFORDABLE HOUSING SHORTAGE IN THE SOUTH MISSISSIPPI AREA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,714,389

Investment Income $22,180

Other Revenue $0

TOTAL REVENUE $1,736,569

Expense Breakdown

Grants Paid $0

Salaries & Benefits $334,609

Fundraising Expenses $0

Program Expenses $1,699,857

Other Expenses $1,744,828

TOTAL EXPENSES $2,079,437

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,736,569	$3,038,218	-0.4%
Expenses	$2,079,437	$3,196,539	-0.3%
Net Income	$-342,868	$-158,321	+1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$409,306

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER SWANN	DIRECTOR	0.20	Officer Director	$0	$0	$0
HOWARD BAILEY	CHAIRPERSON	0.20	Director	$0	$0	$0
JUSTIN BROOKS	PRESIDENT	10.00	Officer	$0	$23,172	$193,555
HEATHER MUELLER	TREASURER	10.00	Officer	$0	$18,917	$141,266
FAGUIAL BALL	DIRECTOR	0.20	Director	$0	$0	$0
DOTTIED BEARD	DIRECTOR	0.20	Director	$0	$0	$0
MILDRED MADDOX-CLARK	DIRECTOR	0.20	Director	$0	$0	$0
BILLY FOLKES	DIRECTOR	0.20	Director	$0	$0	$0
EVELYN GARNER	DIRECTOR	0.20	Director	$0	$0	$0
ANNIE JONES	DIRECTOR	0.20	Director	$0	$0	$0
WILLIE LEVERETTE	DIRECTOR	0.20	Director	$0	$0	$0
JESSIE LUDGOOD	DIRECTOR	0.20	Director	$0	$0	$0
FREDDIE MILLS	DIRECTOR	0.20	Director	$0	$0	$0
ALLYTRA PERRYMAN	DIRECTOR	0.20	Director	$0	$0	$0
BOBBY GIBSON	DIRECTOR	0.20	Director	$0	$0	$0
RHONDA RHODES	DIRECTOR	0.20	Director	$0	$0	$0
JIMMY RICHARDSON SR	VICE CHAIRPERSON	0.20	Officer Director	$0	$0	$0
SALLY O'NEAL	SECRETARY	10.00	Officer	$0	$8,733	$74,485

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$1,736,569	$2,079,437	$20,844,342	$-342,868
2022	$3,038,218	$3,196,539	$21,629,146	$-158,321
2021	$2,501,846	$2,629,601	$21,301,727	$-127,755
2020	$2,478,060	$2,633,068	$21,521,514	$-155,008
2019	$2,638,801	$2,549,937	$22,077,888	$88,864
2018	$2,665,158	$2,583,955	$23,398,509	$81,203

SOUTH MISSISSIPPI HOUSING & DEVELOPMENT CORPORATION