MISSISSIPPI HOUSING DEVELOPMENT COR

EIN: 640757480 501(c)(3) Housing & Shelter

Fayette, MS

Total Revenue
$622,797
Total Expenses
$791,499
Total Assets
$2,655,684
Net Assets
$48,732
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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
1988
Legal Domicile
MS
Tax Period
2020-01-01 to 2020-12-31

MISSISSIPPI HOUSING DEVELOPMENT COR, founded in 1988, is a small nonprofit in the Housing & Shelter sector that reported $623K in total revenue in fiscal year 2020. Expenses of $791K exceeded revenue, resulting in a 27% operating deficit.

Mission

PROVIDE QUALITY AFFORDABLE HOUSING TO LOW INCOME INDIVIDUALS AND FAMILIES BY PROVIDING RENTAL UNITS AT A SUBSIDIZED RATE

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $618,784
Investment Income $80
Other Revenue $3,933
TOTAL REVENUE $622,797

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $735,310
Other Expenses $791,499
TOTAL EXPENSES $791,499

Year-over-Year Comparison

2020 2019 Change
Revenue $622,797 $629,495 0.0%
Expenses $791,499 $729,576 +0.1%
Net Income $-168,702 $-100,081 +0.7%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN KING Jr SECRETARY 5.00
Director
$0 $0 $0
INDER MITCHELL BOARD PRESIDENT 20.00
Director
$0 $0 $0
ROGERS KING CHIEF OPERATING OFFICER 20.00
Officer
$0 $0 $0
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
2020 $622,797 $791,499 $2,655,684 $-168,702
2019 $629,495 $729,576 $2,898,101 $-100,081
2018 $613,455 $781,475 $2,974,528 $-168,020
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