Public Charity

LHA ENTERPRISE DEVELOPMENT INC

Based in LAUREL, MS, LHA ENTERPRISE DEVELOPMENT INC operates as a Public Charity. The organization reported $143K in revenue, $78K in expenses, $4.0M in total assets for fiscal year 2024.

EIN: 204597332 LAUREL, MS Housing Development, Construction & Management NTEE: L20 Latest filing: 2024
Total Revenue$143K
Total Expenses$78K
Total Assets$4.0M
Grant Records0
Filing Years2019–2024

Mission

LHA ENTERPRISE DEVELOPMENT, INC. IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, MEDICAL, LITERARY OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED AS AN INSTRUMENTALITY OF AND TO SUPPORT THE HOUSING AUTHORITY OF THE CITY OF LAUREL, MISSISSIPPI (THE AUTHORITY), A PUBLIC HOUSING AUTHORITY ESTABILISHED UNDER (I) THE MISSISSIPPI HOUSING AUTHORITIES LAW, AND (II) THE MISSISSIPPI SUPPLEMENTAL HOUSING AUTHORITIES LAW TO PROVIDE DECENT, SAFE AND SANITARY URBAN OR RURAL DWELLINGS, APARTMENTS, OR OTHER LIVING ACCOMMODATIONS FOR PERSONS OF LOW INCOME; INCLUDING THE ACQUISITION, DEVELOPMENT, CONSTRUCTION AND OPERATION OF BUILDINGS, LAND, EQUIPMENT, FACILITIES, AND OTHER REAL OR PERSONAL PROPERTY FOR NECESSARY, CONVENIENT, OR DESIRABLE APPURTENANCES, STREETS, SEWERS, WATER SERVICE, PARKS, SITE PREPARATION, GARDENING, ADMINISTRATIVE, COMMUNITY, HEALTH, RECREATIONAL, WELFARE OR OTHER PURPO

Where $100 goes at Lha Enterprise Development Inc

How Lha Enterprise Development Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$100 Programs the work itself
<$1 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $100 for programs

$100
Support of Laurel public housing authority
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

PRESIDENT Ailrick Young
DIRECTOR Dorothy Peppers
DIRECTOR George Carter
DIRECTOR Hilary Burroughs
DIRECTOR Jonathan Strickler
VICE PRESIDE Rev George Barnes

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $143K $78K $4.0M
2023 $1.3M $39K $3.9M
2022 $12K $27K $2.7M
2020 $248K $138K $1.3M
2019 $34K $222K $1.2M

Between 2019 and 2024, reported annual revenue grew from $34K to $143K (+322%), with total assets most recently reported at $4.0M.

Interactive year-over-year charts and full filing details available with membership.

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