SOUTHEAST MISSISSIPPI COMMUNITY INVESTMENT CORPORATION

EIN: 640833343 Community Improvement

HATTIESBURG, MS

Total Revenue
$44,267
Total Expenses
$13,920
Total Assets
$1,282,795
Net Assets
$1,266,606
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
MS
Principal Officer
CHAD NEWELL
Phone
6012967500
Tax Period
2024-01-01 to 2024-12-31

SOUTHEAST MISSISSIPPI COMMUNITY INVESTMENT CORPORATION, founded in 1993, is a micro nonprofit in the Community Improvement sector that reported $44K in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $30K, a strong 69% operating margin.

Mission

TO PROVIDE LOW INTEREST LOANS AND LOAN GUARANTEES TO SMALL AND MINORITY BUSINESSES LOCATED IN SOUTHEAST MISSISSIPPI

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $9,397
Investment Income $34,870
Other Revenue $0
TOTAL REVENUE $44,267

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $909
Other Expenses $13,920
TOTAL EXPENSES $13,920

Year-over-Year Comparison

2024 2023 Change
Revenue $44,267 $26,584 +0.7%
Expenses $13,920 $15,444 -0.1%
Net Income $30,347 $11,140 +1.7%
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
15
Independent Members
14
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
6
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM ROBERTS BANK REPRESENTATIVE 0.00
Director
$0 $0 $0
BRADY BEZOSKI SECRETARY/TREASURER 0.00
Officer Director
$0 $0 $0
KENNY WISE VICE CHAIR 0.00
Officer Director
$0 $0 $0
CHAD NEWELL PRESIDENT 0.00
Officer Director
$0 $0 $0
JAMIE FUQUA IMMEDIATE PAST CHAIR 0.00
Officer Director
$0 $0 $0
SAM BILBO CHAIR 0.00
Officer Director
$0 $0 $0
SAM SACKLER COMMUNITY REPRESENTATIVE 0.00
Director
$0 $0 $0
ANDIE SZABO COMMUNITY REPRESENTATIVE 0.00
Director
$0 $0 $0
KELSEY HESTER COMMUNITY REPRESENTATIVE 0.00
Director
$0 $0 $0
DR LARA OTAIGBE COMMUNITY REPRESENTATIVE 0.00
Director
$0 $0 $0
APRIL MANN COMMUNITY REPRESENTATIVE 0.00
Director
$0 $0 $0
TOMMY MAY BANK REPRESENTATIVE 0.00
Officer Director
$0 $0 $0
BERNARD GREEN COMMUNITY REPRESENTATIVE 0.00
Director
$0 $0 $0
KAYLA CEDOTAL COMMUNITY REPRESENTATIVE 0.00
Director
$0 $0 $0
JULI MARTINEZ COMMUNITY REPRESENTATIVE 0.00
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 $44,267 $13,920 $1,282,795 $30,347
2023 $26,584 $15,444 $1,251,666 $11,140
2022 $10,500 $10,555 $1,239,553 $-55
2021 $9,813 $17,131 $1,238,743 $-7,318
2020 $9,805 $10,292 $1,245,212 $-487
2019 $9,340 $11,248 $1,245,059 $-1,908
2018 $14,819 $17,371 $1,246,885 $-2,552
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