Timber Hills Housing Of Alcorn County Inc in Ridgeland, Mississippi (MS)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Timber Hills Housing Of Alcorn County Inc | |
| Employer Identification Number (EIN) | 640928287 |
| Name of Organization | Timber Hills Housing Of Alcorn County Inc |
| Address | PO BOX 2966, Ridgeland, MS 39158-2966 |
| Subsection | Charitable Organization |
| Ruling Date | 09/2000 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Organization terminating its private foundation status under section 507(b)(1)(B) of the Code |
| Tax Period | 09/2014 |
| Assets | $500,000 to $999,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $825,977 |
| Amount of Income | $77,547 |
| Form 990 Revenue Amount | $71,336 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Public Housing Facilities |
Non-representatives - add comments:
Amount of income in 2014: $77,547 (it was $103,588 in 2012)
| Timber Hills Housing Of Alcorn County Inc: | $77,547 |
| Other organizations performing similar types of work: | $150,108 |
Assets in 2014: $825,977 (it was $920,023 in 2012)
| Timber Hills Housing Of Alcorn County Inc: | $825,977 |
| Other organizations performing similar types of work: | $1,156,098 |
Expenses in 2011: $110,600
| This organization: | $110,600 |
| Other organizations performing similar types of work: | $149,118 |
Income to expenses ratio in 2011: 0.7
| Timber Hills Housing Of Alcorn County Inc: | 0.7 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2011: 0.0%
| Timber Hills Housing Of Alcorn County Inc: | 0.0% |
| Other organizations performing similar types of work: | 0.8% |
Revenue for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $71,336 | $56 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $56 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $71,280 | |||
| Total expenses and disbursements | $110,600 | $150 | $0 | $49,775 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $110,600 | $150 | $49,775 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-39,264 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $934,159 | $934,159 |
| Cash - non-interest-bearing | $15,971 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $918,188 | |
| Total liabilities | $1,178,928 | |
| Mortgages and other notes payable | $1,142,900 | |
| Other | $36,028 | |
| Total liabilities and net assets/fund balances | $-244,769 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $15,209 |
| Net value of noncharitable-use assets | $14,980 |
| Minimum investment return | $749 |
| Distributable Amount (for 2011) | |
| Distributable amount | $749 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $749 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | South Mississippi Housing Anddevelopment Corporation | PO BOX 2099, Gulfport, MS 39505-2099 | MS | 2008-03 | $3,557,110 |
| 2 | Flagship United Communitydevelopment Corporation | PO BOX 2219, Bay St Louis, MS 39521-2219 | MS | 2014-03 | $222,702 |
| 3 | Gulf Coast Housing Initiative Inc | 1012 Division Street, Biloxi, MS 39530 | MS | 2009-09 | $196,428 |
| 4 | Wisconsin Cove Inc | 3444 Wisconsin Avenue, Vicksburg, MS 39180 | MS | 2006-10 | $132,945 |
| 5 | Five Talents Apartments Inc | 500 E Wilson Avenue, Greenwood, MS 38930 | MS | 2009-07 | $110,085 |
| 6 | Visions Of Hope Inc | PO BOX 1211, Biloxi, MS 39533-1211 | MS | 1999-01 | $99,131 |
| 7 | Timber Hills Housing Of Alcorn County Inc | PO BOX 2966, Ridgeland, MS 39158-2966 | MS | 2000-09 | $77,547 |
| 8 | Timber Hills Housing Of Tishomingo County Inc | PO BOX 2966, Ridgeland, MS 39158-2966 | MS | 2002-08 | $75,452 |
| 9 | Kinkead Housing Foundation | 210 East Capitol Street, Jackson, MS 39201-2306 | MS | 2010-06 | $73,093 |
| 10 | Wpha Development Inc | PO BOX 158, West Point, MS 39773-0158 | MS | 2014-09 | $3,722 |
| 11 | Focus Outreach Community Developement Corporation | 366 Miller Hannah Rd, Louisville, MS 39339-8241 | MS | 2014-07 | $150 |
| 12 | Aha Development Inc | 910 Martin Luther King St, Aberdeen, MS 39730-3539 | MS | 2014-05 | $0 |
| 13 | American Society For The Preservation Of Affordable Housing | PO BOX 16783, Jackson, MS 39236-6783 | MS | 2006-06 | $0 |
| 14 | B D T Housing Services Enterprise | P O Box 201, Walls, MS 38680 | MS | 2010-03 | $0 |
| 15 | Bay St Louis Community Developmentcorporation | PO BOX 2219, Bay St Louis, MS 39521-2219 | MS | 2008-04 | $0 |
| 16 | Biloxi Affordable Housing Partners | PO BOX 447, Biloxi, MS 39533-0447 | MS | 2000-03 | $0 |
| 17 | Central Ms Housing And Development Corp | 120 Faith Ln, Canton, MS 39046-9761 | MS | 2012-07 | $0 |
| 18 | Focus Manor Inc | 366 Miller Hannah Road, Louisville, MS 39339 | MS | 2014-11 | $0 |
| 19 | Greater Mt Bethel Foundation | 4125 Robinson Rd, Jackson, MS 39209 | MS | 2001-08 | $0 |
| 20 | Hav-A-Home Inc | 18 County Road 8040, Booneville, MS 38829-9725 | MS | 2004-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,095 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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