Magnolia Housing Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521795395 ✦ North bethesda, MD ✦ Designated as a 501(c)(3)

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


What is the mission statement of Magnolia Housing Inc?
Who is the CEO of Magnolia Housing Inc?
What is the revenue of Magnolia Housing Inc?
Who are the executives of Magnolia Housing Inc and what are their salaries?
Where can I find the form 990 for Magnolia Housing Inc?

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.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $18
  • Program Service Revenue: $343,430
  • Gross Receipts: $1,178,678

    • Assets and Liabilities:
  • Total Assets: $6,233,975
  • Total Liabilities: $6,765,079
  • Net Assets: -$531,104
  • 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

    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.