NORTH MS HOUSING DEVELOPMENT CORP (EIN 992337586) - 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

2022

Legal Domicile

Principal Officer

CLARISSE A ADAMS

Phone

6624475473

Tax Period

2025-01-01 to 2025-12-31

NORTH MS HOUSING DEVELOPMENT CORP, founded in 2022, is a micro nonprofit in the Community Improvement sector that reported $65K in total revenue in fiscal year 2025. The organization ran a surplus of $65K, a strong 100% operating margin.

Mission

NORTH MS HOUSING DEVELOPMENT CORPORATION IS ORGANIZED EXCLUSIVELY FOR AND SHALL OPERATE AS A CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. THE CORPORATION IS A SUBSIDIARY OF AND IS BEING ORGANIZED TO FUURTHER THE EXEMPT PURPOSE OF THE OKOLONA HOUSING AUTHORITY, A PUBLIC HOUSING AUTHORITY ESTABLISHED UNDER SECTION 43-33-1 ET SEQ., MISSISSIPPI CODE OF 1972, AS AMENDED. THE PURPOSE OF THE CORPARTION'S ACTIVITIES MAY INCLUDE, BUT NOT BE LIMITED TO, PROMOTING AND SUPPORTING THE DEVELOPMENT OF QUALITY AFFORDABLE HOUSING TO THE COMMUNITY IT SERVES, INCLUDING THE ACQUISITION, DEVELOPMENT, CONSTRUCTION, OPERATION, AND MANAGEMENT THEREOF.

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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 (2025)

Revenue Breakdown

Contributions & Grants $65,200

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $65,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $9

TOTAL EXPENSES $9

Year-over-Year Comparison

	2025	2024	Change
Revenue	$65,200	N/A	N/A
Expenses	$9	N/A	N/A
Net Income	$65,191	N/A	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLARISSE A ADAMS	EXECUTIVE DI	1.00	Officer Director	$0	$0	$0
TED BRASFIELD	COMMISSIONER	1.00	Officer	$0	$0	$0
SHERRY JONES	CHAIRPERSON	1.00	Officer	$0	$0	$0
SIS JEAN MEYER	VICE-CHAIRPE	1.00	Officer	$0	$0	$0
STEPHEN SCHULTZ	COMMISSIONER	1.00	Officer	$0	$0	$0
KELVIN STANFIELD	COMMISSIONER	1.00	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
2025	$65,200	$9	$65,191	$65,191

NORTH MS HOUSING DEVELOPMENT CORP