Home Again INC FY2023 filing

Tax-deductible

Jackson, MS501(c)(3)HousingEIN 20-4526894Revenue $222K in FY2023

On file with the IRS4 Old River Place, 39202-3434 · Jackson, MSTax-exempt since Jul 2006Publicly supported charity — 170(b)(1)(A)(vi)

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Support the efforts of the gulf coast communities recovering and rebuilding in the aftermath of hurricane katrina and provide low and moderate income families in mississippi with affordable housing.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$15K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $68K a year · 15% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$15K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
22 mo
of spending, in cash
Looks good: 21.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$200K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 6 voting members
Fine: 3 of 6 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$222K
-65% vs prior year
Spent
$481K
To programs
98%
Net assets
$3.5M
By yearFY2020–FY2024
Revenue
$222K
FY2023▼ -65%
Tap a bar for its year
Revenue by fiscal year
FY2020$985K
FY2021$261K
FY2022$637K
FY2023$222K
FY2024$109K
Expenses
$481K
FY2023▼ -32%
Tap a bar for its year
Expenses by fiscal year
FY2020$173K
FY2021$229K
FY2022$712K
FY2023$481K
FY2024$276K
Net assets
$3.5M
FY2023▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.8M
FY2021$3.8M
FY2022$3.7M
FY2023$3.5M
FY2024$3.3M

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $472K Management & general 2% · $9K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $15K paid to officers and key staff.

Part VII, Section A · reportable compensation
Board Member-Top Financial Officer
$13,749Pt VII · Sec A
Chairperson
$1,221Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

William Bynum’s $1K as Chairperson is at the 1st percentile of top reported officer pay among 851 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022
Phil Eide—$13,749$12,220
William Bynum$1,351$1,221$359
Alan Branson——$148

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides affordable housing and mortgage financing to low- and moderate-income families in Mississippi recovering from the aftermath of Hurricane Katrina.

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Provided by the organization

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1 program · $472K · in their own filed words · FY2023
01

Provide mortgage financing and provide low and moderate income families in mississippi with affordable housing.

$472Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $1.0M · 2020–2024
Unitemized GrantFY2024$222,052
Unitemized GrantFY2023$219,386
Unitemized GrantFY2022$219,386
Unitemized GrantFY2021$210,220
Unitemized GrantFY2020$133,797

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$222K
Ln 12
Gifts and grantsLn 1h$109K
Fees for servicesLn 2g$95K
Investment incomeLn 3$19K
Money outPt IX
$481K
Ln 25
Programscol B$472K
Managementcol C$9K
Owns and owesPt X
$3.5M
net assets · Ln 32
Cash and savingsLn 1–2$866K
Total assetsLn 16$3.7M
LiabilitiesLn 26$200K
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$109K
Government grantsLn 1e$109K
Fees for servicesLn 2g$95K
Investment incomeLn 3$19K
Gains on assetsLn 7$19K
Total revenueLn 12$222K
Assets in detailPt X, end of year
CashLn 1$866K
Cash and savings togetherLn 1–2$866K
InvestmentsLn 11–13$40K
Total assetsLn 16$3.7M
LiabilitiesLn 26$200K
Net assetsLn 32$3.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$845K$866K
InvestmentsLn 11–13$50K$40K
Total assetsLn 16$3.7M$3.7M
LiabilitiesLn 26$313$200K
Net assetsLn 32$3.7M$3.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$219K$219K
Pay of current officers, directors and key staffLn 5$17K$17K
Other salaries and wagesLn 7$4K$4K
Pension plan contributionsLn 8$34$34
Payroll taxesLn 10$1K$1K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$223K$223K
Office expensesLn 13$55$55
Information technologyLn 14$2K$2K
OccupancyLn 16$789$789
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$50$50
Other expenses (24a–d)Ln 24$3K$3K
Total functional expensesLn 25$481K$472K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $109K$276K−$167K$3.3M 990 PDF
FY2023 Viewing $222K$481K−$259K$3.5M 990 PDF
FY2022 $637K$712K−$75K$3.7M 990 PDF
FY2021 $261K$229K$32K$3.8M 990 PDF
FY2020 $985K$173K$812K$3.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $222,497 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $154,370$108,807
I-9 Program service revenuePrior year $8,376$94,998
I-10 Investment incomePrior year $474,398$18,692
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $637,144$222,497
I-13 Grants and similar amounts paidPrior year $219,386$219,386
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$22,453
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $492,867$239,486
I-18 Total expensesPrior year $712,253$481,325
I-19 Revenue less expensesPrior year −$75,109−$258,828
Part VI · Governance 3 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $222,497 across 5 lines filed
VIII-1e Government grants$108,807
VIII-1h Total contributions, gifts and grants$108,807
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $94,998$94,998
VIII-7 Net gain or loss on sales of assetsExcluded from tax $18,692$18,692
VIII-12 Total revenueRelated to mission $94,998 · Unrelated business $0 · Excluded from tax $18,692$222,497
Part IX · Statement of functional expenses $481,325 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $219,386$219,386
IX-5 Pay of current officers, directors and key staffPrograms $17,189$17,189
IX-7 Other salaries and wagesPrograms $3,898$3,898
IX-8 Pension plan contributionsPrograms $34$34
IX-10 Payroll taxesPrograms $1,332$1,332
IX-11c Accounting feesManagement $8,980$8,980
IX-11g Other fees for servicesPrograms $222,685$222,685
IX-13 Office expensesPrograms $55$55
IX-14 Information technologyPrograms $1,929$1,929
IX-16 OccupancyPrograms $789$789
IX-17 TravelPrograms $1,996$1,996
IX-19 Conferences, conventions and meetingsPrograms $50$50
IX-24 Other expenses (24a–d)Programs $3,002$3,002
IX-25 Total functional expensesPrograms $472,345 · Management $8,980 · Fundraising $0$481,325
Part X · Balance sheet $3,690,335 assets, 12 lines filed
Asset lines not itemized here account for $2,683,085; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $845,293$866,459
X-3 Pledges and grants receivable$75,791
X-4 Accounts receivable$25,000
X-13 Program-related investmentsStart of year $50,000$40,000
X-16 Total assetsStart of year $3,743,286$3,690,335
X-17 Accounts payable and accrued expenses$7,642
X-19 Deferred revenue$100,793
X-25 Other liabilitiesStart of year $313$91,605
X-26 Total liabilitiesStart of year $313$200,040
X-27 Net assets without donor restrictionsStart of year $3,742,973$3,490,295
X-32 Total net assets or fund balancesStart of year $3,742,973$3,490,295
X-33 Total liabilities and net assetsStart of year $3,743,286$3,690,335
Part XI · Reconciliation of net assets $3,490,295 net assets at year end
XI-1 Total revenue$222,497
XI-2 Total expenses$481,325
XI-3 Revenue less expenses−$258,828
XI-4 Net assets at start of year$3,742,973
XI-9 Other changes in net assets$6,150
XI-10 Net assets at end of year$3,490,295

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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