2024-05-13T11:49:30-07:00 2023-12-31 721369868 Kolder Slaven & Company LLC 450 East Main New Iberia LA 70560 990EZ 2023-01-01 721462016 SOUTHERN MUTUAL FINANCIAL SERVICES INC SOUT 3373673277 3602 OLD JEANERETTE ROAD NEW IBERIA LA 70563 LORNA BOURG Treasurer 2024-05-13 true LORNA BOURG 999009999 true Arthur R Mixon CPA P01313678 3373679204 2 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z X www.southernmutualhelp.org X X 36051 X 22755 13249 47 0 0 0 0 36051 35599 19000 4904 90 40862 100455 -64404 423107 358703 X 75325 67351 360040 344099 435365 411450 12258 52747 423107 358703 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. 35987 (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. 37581 73568 MARTHA MOORE MEMBER 1.00 0 DR KATHERINE C DREXTER MEMBER 1.00 0 DEEDY JOHNSON-REID Secretary 1.00 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 34891 69709 16793 16069 22755 160217 0 0 34891 69709 16793 16069 22755 160217 0 160217 3179 1653 450 80 47 5409 0 0 165626 0.96730 0.77030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Other Expenses.1002 Office Expenses $2252 Other Expenses.1005 Travel $39 Other Expenses.1012 Insurance $5249 Other Expenses.1 LABOR $26483 Other Expenses.2 COMPUTER TRAINING AND SERVICE $2930 Other Expenses.3 PROVISION FOR LOAN LOSS $2254 Other Expenses.4 RECORDATION AND MISC FEES $977 Other Expenses.5 EDUCATION $352 Other Expenses.6 MEMBERSHIPS $250 Other Expenses.8 MISCELLANEOUS $76 Other Assets.1005 Accounts Receivable - Beginning $358332 Accounts Receivable - Ending $322390 Other Assets.1 ACCRUED INTEREST RECEIVABLE - Beginning $1708 ACCRUED INTEREST RECEIVABLE - Ending $1709 Other Assets.2 DUE FROM RELATED PARTY - Beginning $0 DUE FROM RELATED PARTY - Ending $20000 Total Liabilities.1001 Accounts Payable and Accrued Expenses - Beginning $1081 Accounts Payable and Accrued Expenses - Ending $1081 Total Liabilities.1005 Escrow Account Liability - Beginning $9558 Escrow Account Liability - Ending $11666 Total Liabilities.1007 Secured Mortgages and Notes Payable - Beginning $0 Secured Mortgages and Notes Payable - Ending $40000 Total Liabilities.1 DUE TO RELATED PARTY - Beginning $1619 DUE TO RELATED PARTY - Ending $0