Southern Mutual Financial Services Inc

Nonprofit profile at a glance

EIN
721462016
IRS 990-EZ coverage
2022–2025
Forms available
Form 990 2021, Form 990-EZ 2025
Location
New Iberia, LA, USA
Phone
3373673277
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Housing Development, Construction, Management
Affiliation
Christianity

Official website

Reported finances

Revenue
$8,857
Expenses
$85,703
Assets
$245,142
Liabilities
$45,238

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • DR PHEBE HAYES (President)

People named in this filing

  • MARTHA MOORE (MEMBER)
  • DR KATHERINE C DREXTER (MEMBER)
  • CLEMENTINE MATTHEWS (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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.

What it reported doing in 2025

(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.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 82
  • Sustainability: 24
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 82.6%; rating input score 83

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -867.6%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 2.86; rating input score 73; 73rd percentile among comparable filings
  • Liabilities to assets ratio: 0.18; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 40.3%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: -4.5% per year; rating input score 0; 37th percentile among comparable filings
  • Revenue growth: -13.8% per year; rating input score 0; 20th percentile among comparable filings
  • Asset growth: -10.7% per year; rating input score 0; 17th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 82.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $71K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2022 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.