2023-05-08T12:57:56-07:00 2022-12-31 721369868 Kolder Slaven & Company LLC 450 East Main New Iberia LA 70560 990EZ 2022-01-01 721462016 SOUTHERN MUTUAL FINANCIAL SERVICES INC SOUT 3373673277 3602 OLD JEANERETTE ROAD NEW IBERIA LA 70563 LORNA BOURG Treasurer 2023-05-08 true LORNA BOURG 999009999 true Arthur R Mixon CPA P01313678 3373679204 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z X www.southernmutualhelp.org X X 77103 X 16069 15954 80 0 0 0 45000 79421 -34421 -2318 34230 34273 4904 132 54186 127725 -130043 553150 423107 X 283654 75325 470552 360040 754206 435365 201056 12258 553150 423107 THE ORGANIZATION IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) CONCERNED WITH QUALITY OF LIFE OF VERY LOW,LOW & MODERATE INCOME PERSONS ESPECIALLY PERTAINING TO AFFORDABLE HOUSING,HOME OWNERSHIP TRAINING ED. & FINANCIAL BUDGETING ESPECIALLY IN NINE RURAL PARISHES. (A) LENDING PROGRAMSMFS IS COMMITTED TO PROVIDING ACCESSIBLE CAPITAL THROUGH FINANCIAL PRODUCTS AND ARMS-LENGTH TRANSACTIONS TO VERY LOW, LOW AND MODERATE INCOME PERSONS. 9983 50111 (B) FAMILY AND COMMUNITY DEVELOPMENT PROGRAMSMFS IS COMMITTED TO CREATING HEALTHY COMMUNITIES BY PROVIDING EDUCATION AND TRAINING TO HELP FAMILIES BUILD AND MAINTAIN THEIR ASSETS AND BUILD THEIR WEALTH.THE FAMILY AND COMMUNITY DEVELOPMENT PROGRAM INCLUDES:(1) HOMEOWNERSHIP COUNSELING - GIVES POTENTIAL HOMEOWNERS HANDS-ON EXPERIENCE IN PURCHASING OR CONSTRUCTING A HOME, HOW MORTGAGE LENDING WORKS, BUDGETING, AND WHAT HOMEOWNERSHIP COULD MEAN IN THEIR LIVES.(2) FINANCIAL BUDGETING - PROVIDES TRAINING AND TECHNICAL ASSISTANCE TO VERY LOW, LOW AND MODERATE INCOME FAMILIES IN PREPARATION AND MAINTENANCE OF A FINANCIAL BUDGET.(3) SKILL TRANSFER TRAINING - PROMOTES SELF-SUFFICIENCY BY TEACHING PEOPLE HOW THEY CAN SAVE MONEY BY DOING THEIR OWN HOME REPAIRS AND MAINTENANCE AND KEEP THE VALUE IN THEIR HOMES. 38572 88683 MARTHA MOORE MEMBER 1.00 0 HELEN VINTON Secretary 4.00 0 LORNA BOURG Treasurer 6.00 0 DR PHEBE HAYES President 2.00 0 false false false false false false false 0 0 0 false 0 0 false ARTHUR MIXON CPA 450 EAST MAIN STREET NEW IBERIA LA 70560 3373679204 false false false false false false false false false false false NONE NONE true X 91478 34891 69709 16793 16069 228940 0 0 91478 34891 69709 16793 16069 228940 45230 183710 4201 3179 1653 450 80 9563 0 0 238503 0.77030 0.73620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Other Expenses.1002 Office Expenses $2882 Other Expenses.1012 Insurance $6163 Other Expenses.1 LABOR $26565 Other Expenses.2 DEBT FOREGIVENESS $9983 Other Expenses.3 REO EXPENSE $3872 Other Expenses.4 COMPUTER TRAINING AND SERVICE $2110 Other Expenses.5 PROVISION FOR LOAN LOSS $1545 Other Expenses.6 RECORDATION AND MISC FEES $403 Other Expenses.7 EDUCATION $332 Other Expenses.8 MEMBERSHIPS $250 Other Expenses.10 MISCELLANEOUS $81 Other Assets.1005 Accounts Receivable - Beginning $397817 Accounts Receivable - Ending $358332 Other Assets.1010 Inventories - Beginning $71280 Inventories - Ending $0 Other Assets.1 ACCRUED INTEREST RECEIVABLE - Beginning $1455 ACCRUED INTEREST RECEIVABLE - Ending $1708 Total Liabilities.1001 Accounts Payable and Accrued Expenses - Beginning $1110 Accounts Payable and Accrued Expenses - Ending $1081 Total Liabilities.1005 Escrow Account Liability - Beginning $11107 Escrow Account Liability - Ending $9558 Total Liabilities.1007 Secured Mortgages and Notes Payable - Beginning $188439 Secured Mortgages and Notes Payable - Ending $0 Total Liabilities.1 DUE TO RELATED PARTY - Beginning $400 DUE TO RELATED PARTY - Ending $1619