S M Villa II Housing

Analysis

S M Villa II Housing is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, S M Villa II Housing reported income of $203k and spending of $273k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $193k to $203k (+4.7%), an average of +1.2% a year. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, S M Villa II Housing sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within MS. Charities of a similar size with the same main cause include Cedar Creek Housing Inc ($203k), Community Management Association Inc ($203k) and Village du Techa Apts ($202k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $38k. At year end it held assets of $1.2m against liabilities of $1.9m, net assets of -$696k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.