SOUTHEASTERN DEVELOPMENT OPPORTUNIT

EIN: 640828837 501(c)(3) Housing & Shelter

SHELBY, MS

Total Revenue
$129,213
Total Expenses
$170,583
Total Assets
$750,116
Net Assets
$647,968
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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
1993
Legal Domicile
MS
Tax Period
2023-10-01 to 2024-09-30

SOUTHEASTERN DEVELOPMENT OPPORTUNIT, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $129K in total revenue in fiscal year 2023. Expenses of $171K exceeded revenue, resulting in a 32% operating deficit.

Mission

PROVIDING LOW INCOME HOUSING TO INDIVIDUALS AND FAMILIES IN THE MS DELTA REGION

Program Service Accomplishments

Program 1

WE HAVE BEEN SUCCESSFUL BOTH DIRECTLY AND INDIRECTLY IN PLACING A NUMBER OF LOW INCOME HOUSING UNITS IN SERVICE IN THE MS DELTA REGION. WE CONTINUE TO PARTICIPATE IN THE DEVELOPMENT OF ADDITIONAL...

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WE HAVE BEEN SUCCESSFUL BOTH DIRECTLY AND INDIRECTLY IN PLACING A NUMBER OF LOW INCOME HOUSING UNITS IN SERVICE IN THE MS DELTA REGION. WE CONTINUE TO PARTICIPATE IN THE DEVELOPMENT OF ADDITIONAL UNITS ON AN ONGOING BASIS AS FINANCING ALLOWS. WE ALSO PARTICPATE IN MANAGING LOW INCOME HOUSING UNITS FOR OTHER ENTITIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $89,355
Investment Income $17,013
Other Revenue $22,845
TOTAL REVENUE $129,213

Expense Breakdown

Grants Paid $0
Salaries & Benefits $95,737
Fundraising Expenses $0
Other Expenses $74,846
TOTAL EXPENSES $170,583

Year-over-Year Comparison

2023 2022 Change
Revenue $129,213 $-780,089 -1.2%
Expenses $170,583 $146,238 +0.2%
Net Income $-41,370 $-926,327 -1.0%
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
5
Independent Members
5
Employees
3
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
4
$65,632
Total Directors
6
$65,632
Key Employees
1
$61,072
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA BALDUCCI EXEC DIR 0.00
Officer Director Key Emp Highest
$61,072 $0 $61,072
PATRICK COLLINS SECRETARY TREASURER 0.00
Officer Director
$4,560 $0 $4,560
JOHN SCHMIDT III DIRECTOR 0.00
Director
$0 $0 $0
MARIE SHORTER DIRECTOR 0.00
Director
$0 $0 $0
LULA ATKINS VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
ALICE STAPLETON PRESIDENT 0.00
Officer Director
$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
2024 $129,213 $170,583 $750,116 $-41,370
2023 $-780,089 $146,238 $805,979 $-926,327
2022 $61,663 $155,545 $2,103,351 $-93,882
2021 $80,907 $177,260 $2,157,466 $-96,353
2020 $146,934 $170,279 $2,235,307 $-23,345
2019 $185,980 $229,450 $2,520,000 $-43,470
2018 $148,224 $235,460 $2,533,223 $-87,236
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