Overview
What is Magnolia Housing Inc?
Magnolia Housing Inc, located at 11810 Grand Park Avenue 600, North Bethesda, Maryland 20852, is a dedicated nonprofit organization aimed at providing affordable housing solutions for low-income individuals and their families. Their primary mission revolves around ensuring that people with limited financial resources can secure suitable living spaces, thereby contributing to a more equitable living environment. The organization's activities and mission remain firmly focused on this essential goal.
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.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $111,635
For more financial information, click here
Mission Statement of Magnolia Housing Inc
Magnolia Housing Inc, a nonprofit organization, is dedicated to providing an essential service to low-income individuals and their families. At its core, Magnolia Housing's mission is to address the critical need for affordable housing. This mission is carried out by offering housing solutions that are within the reach of individuals who might otherwise struggle to find affordable living arrangements. By doing so, Magnolia Housing Inc plays a vital role in ensuring that these individuals and their families can maintain stable living conditions, which is essential for their overall well-being and quality of life.
Impact
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.
Saturday, July 20, 2024
Magnolia Housing Inc provides affordable housing to low-income individuals and their families in North Bethesda, MD. Through its mission of offering affordable housing opportunities, Magnolia Housing Inc positively impacts the community by addressing housing insecurity and improving the quality of life for those in need. By ensuring that low-income individuals have access to stable and affordable housing, Magnolia Housing Inc contributes to creating a more inclusive and supportive environment for vulnerable populations.
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 2021.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$263,541
OTHER INCOME
Revenue
$79,889
Organization Details
Founding Year
1992
Phone
(301) 998-0400
Principal Officer
Todd Travis
Main Address
11810 GRAND PARK AVENUE 600, NORTH BETHESDA, MD, 20852
NTEE Category
Code: L99 - Housing
If you are a representative of Magnolia Housing Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.