Overview
What is Magnolia Housing Inc?
Magnolia Housing Inc is a nonprofit organization situated in Dunn, North Carolina, dedicated to serving the elderly and handicapped community. Their mission involves providing reduced rent housing services, recognizing and accommodating their unique physical, social, and psychological needs. This holistic approach aims to enhance their well-being, ensuring their health, security, happiness, and continued productivity in life. Magnolia Housing Inc has 38 units specifically designed for this purpose, demonstrating their commitment to making a difference in the lives of vulnerable individuals.
Is Magnolia Housing Inc legitimate?
Magnolia Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magnolia Housing Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $56,263
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What is the mission statement of Magnolia Housing Inc?
Magnolia Housing Inc's mission is centered around providing reduced rent housing services for the elderly and handicapped. They prioritize considering the physical, social, and psychological needs of their residents to promote their health, security, happiness, and overall usefulness in their later years. The organization offers 38 units specifically designed for this purpose, aiming to enhance their residents' quality of life.
Who is the CEO of Magnolia Housing Inc?
Don G Wellons is the President/Director of Magnolia Housing Inc.
What is the revenue of Magnolia Housing Inc?
Magnolia Housing Inc's revenue in 2022 was $240,451.
Who are the executives of Magnolia Housing Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Magnolia Housing Inc?
Magnolia Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Magnolia Housing Inc
Magnolia Housing, a nonprofit organization, is dedicated to providing reduced rent housing services for the elderly and handicapped. Recognizing the unique needs of this demographic, the organization offers 38 units specifically designed to cater to their physical, social, and psychological requirements. The goal is to promote their health, security, happiness, and usefulness in prolonged living. By offering such accommodations, Magnolia Housing aims to enhance the quality of life for its residents, ensuring they feel secure, content, and productive well into their later years.
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Impact
October, 2024
Magnolia Housing Inc positively impacts the lives of elderly and handicapped individuals by providing reduced rent housing that caters specifically to their unique needs. With 38 dedicated units in Dunn, NC, the organization focuses on creating an environment that enhances the physical, social, and psychological well-being of its residents. By offering affordable housing solutions, Magnolia Housing helps ensure that these vulnerable populations experience improved health, security, and happiness, ultimately contributing to their continued usefulness and quality of life as they age. The compassionate approach of Magnolia Housing fosters a sense of community and support, enabling residents to thrive in their later years.
This information is meant to be a general summary of Magnolia Housing Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $687
- Program Service Revenue: $239,764
- Gross Receipts: $240,451
Assets and Liabilities:
- Total Assets: $4,106,040
- Total Liabilities: $5,304,891
- Net Assets: -$1,198,851
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent - Tenants
Revenue
$118,973
HUD Rental Assistance
Revenue
$117,903
Related Service Income
Revenue
$2,888
Organization Details
Founding Year
2010
Phone
(910) 892-0436Principal Officer
Don G Wellons
Main Address
PO BOX 1254, DUNN, NC, 28335
NTEE Category
Code: L22 - Housing
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