Midsouth Affordable Housing Solutions Inc
- Assets
- $11.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Memphis, TN
- Founding
- Data as of
- 12/2022
- EIN
- 84-3594278
Organization Overview
Midsouth Affordable Housing Solutions Inc is located in Memphis, TN. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midsouth Affordable Housing Solutions Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDED WARRANTY COVERAGE FOR PROJECTS PREVIOUSLY COMMITTED AND DID NOT START RENOVATION OF ANY NEW UNITS IN 2022 OUT OF CONCERNS THAT INCREASED MORTGAGE RATES AND RAPIDLY ACCELERATING CONSTRUCTION COSTS WOULD MAKE IT IMPOSSIBLE TO DELIVER ADEQUATE HOUSING AT AN AFFORDABLE PRICE FOR THE COMMUNITY WE SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Rainey CEO | 30 | $5,000 | |
Jack R Tickle Board Member | 1 | $0 | |
Julie C Mcneil Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $0 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $5,000 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $8 |
| Other expenses | $1,003 |
| Total expenses | $6,011 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $175 |
| Other assets | $0 |
| Total assets | $11,849 |
| Total liabilities | $249 |
| Net assets or fund balances | $11,600 |