Nonprofit · EIN 72-1462016
SOUTHERN MUTUAL FINANCIAL SERVICES INC
Tax-exempt · NEW IBERIA, LA 70563
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $8,857 | $85,703 | -$76,846 | $245,142 | $45,238 | $199,904 |
| December 31, 2024 | 990-EZ | $26,356 | $108,309 | -$81,953 | $322,058 | $45,308 | $276,750 |
| December 31, 2023 | 990-EZ | $36,051 | $100,455 | -$64,404 | $411,450 | $52,747 | $358,703 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Program service revenue
- $8,813
- Investment income
- $44
Expenses
- Compensation of officers, directors and key employees
- $34,497
- Salaries, compensation and benefits (total)
- $37,092
- Professional fees and payments to contractors
- $8,802
- Occupancy
- $4,904
- Other expenses
- $34,905
- Program services (functional)
- $70,766
Balance sheet and other
- Total assets, start of year
- $322,058
- Total assets, end of year
- $245,142
- Total liabilities, end of year
- $45,238
- Net assets, end of year
- $199,904
- Cash, savings and investments
- $84,279
- Gross receipts
- $8,857
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CLEMENTINE MATTHEWS | Secretary | 21 | $34,497 |
| MARTHA MOORE | MEMBER | 1 | $0 |
| DR KATHERINE C DREXTER | MEMBER | 1 | $0 |
| LORNA BOURG | Treasurer | 6 | $0 |
| DR PHEBE HAYES | President | 2 | $0 |
990-EZ for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARTHA MOORE | MEMBER | 1 | $0 |
| DR KATHERINE C DREXTER | MEMBER | 1 | $0 |
| DEEDY JOHNSON-REID | Secretary | 1 | $0 |
| LORNA BOURG | Treasurer | 6 | $0 |
| DR PHEBE HAYES | President | 2 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARTHA MOORE | MEMBER | 1 | $0 |
| DR KATHERINE C DREXTER | MEMBER | 1 | $0 |
| DEEDY JOHNSON-REID | Secretary | 1 | $0 |
| LORNA BOURG | Treasurer | 6 | $0 |
| DR PHEBE HAYES | President | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 3602 OLD JEANERETTE RD, NEW IBERIA, LA 70563-3131
- Signed the 990-EZ
- LORNA BOURG, Treasurer
- Phone
- (337) 367-3277
- Website
- www.southernmutualhelp.org
- Return prepared by
- Kolder Slaven & Company LLC
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.
Program accomplishments
- (A) LENDING PROGRAMSMFS IS COMMITTED TO PROVIDING ACCESSIBLE CAPITAL THROUGH FINANCIAL PRODUCTS AND ARMS-LENGTH TRANSACTIONS TO VERY LOW, LOW AND MODERATE INCOME PERSONS.Expenses $67,538
- (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.Expenses $3,228
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 72-1462016
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $245,142
- Income (IRS master file)
- $8,857
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $8,857 | $85,703 | $245,142 | IRS |
| 990-EZ | December 2024 | $26,356 | $108,309 | $322,058 | IRS |
| 990-EZ | December 2023 | $36,051 | $100,455 | $411,450 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 72-1462016).
Questions about SOUTHERN MUTUAL FINANCIAL SERVICES INC
- What is the EIN of SOUTHERN MUTUAL FINANCIAL SERVICES INC?
- The employer identification number (EIN) of SOUTHERN MUTUAL FINANCIAL SERVICES INC is 72-1462016.
- Is SOUTHERN MUTUAL FINANCIAL SERVICES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to SOUTHERN MUTUAL FINANCIAL SERVICES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUTHERN MUTUAL FINANCIAL SERVICES INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of SOUTHERN MUTUAL FINANCIAL SERVICES INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTHERN MUTUAL FINANCIAL SERVICES INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of SOUTHERN MUTUAL FINANCIAL SERVICES INC?
- The 990-EZ for the year ended December 31, 2025 lists 5 people; 1 received compensation from the organization, the highest $34,497 (CLEMENTINE MATTHEWS, Secretary).
- How much revenue does SOUTHERN MUTUAL FINANCIAL SERVICES INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $8,857, expenses of $85,703 and total assets of $245,142 at year end.
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All nonprofits in NEW IBERIA · Louisiana · Housing and shelter