MIDSOUTH AFFORDABLE HOUSING SOLUTIONS INC

EIN: 843594278 501(c)(3) Community Improvement

Memphis, TN

Total Revenue
$200,905
Total Expenses
$204,587
Total Assets
$195,478
Net Assets
$15,269
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
TN
Principal Officer
Brad Rainey
Phone
9014834796
Tax Period
2020-01-01 to 2020-12-31

MIDSOUTH AFFORDABLE HOUSING SOLUTIONS INC, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $201K in total revenue in fiscal year 2020. Revenue surged 710% from the prior year, signaling strong growth momentum.

Mission

Improve the quality of life for low and moderate income individuals and families through neighborhood improvements achieved by elimination of blight, renovation and preservation of existing housing stock and providing safe, sanitary and affordable housing. Purchased a dilapidated home in a historic district in Memphis, TN. Repaired structural defects and code violations that made the home unfit for habitation. Added new fire exit from the second floor. Brought Electric, Plumbing, and HVAC to code. Added a full bath upstairs. Replaced all finished surfaces. Installed new: Roof, appliances, cabinets, floors, fireplace, interior and exterior doors, electric panel and service, sewer and water lines, Repainted entire structure inside and out. Obtained building permit for all work as well as authorization from Landmarks Commissionto modify exterior as required to comply with current regulations relative to egress requirements for bedrooms on 2nd floor. Removed trash and debris from property.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $6,250
Program Service Revenue $0
Investment Income $0
Other Revenue $194,655
TOTAL REVENUE $200,905

Expense Breakdown

Grants Paid $0
Salaries & Benefits $28,288
Fundraising Expenses $0
Program Expenses $197,046
Other Expenses $176,299
TOTAL EXPENSES $204,587

Year-over-Year Comparison

2020 2019 Change
Revenue $200,905 $24,804 +7.1%
Expenses $204,587 $5,853 +34.0%
Net Income $-3,682 $18,951 -1.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
3
Independent Members
2
Employees
1
Volunteers
8

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
$52,500
Total Directors
3
$52,500
Key Employees
1
$52,500
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brad Rainey CEO 35
Officer Director Key Emp Highest
$26,250 $26,250 $52,500
Jack R Tickle Director 0.2
Director
$0 $0 $0
Julie McNeil Director 0.2
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
2020 $200,905 $204,587 $195,478 $-3,682
Explore More Nonprofits
→Top 100 Nonprofits in Tennessee →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare MIDSOUTH AFFORDABLE HOUSING SOLUTIONS INC with other nonprofits in Tennessee and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.