Overview
What is Magnolia Healthcare Inc?
Magnolia Healthcare Inc is a nonprofit organization based in Baton Rouge, Louisiana. They own and operate four nursing homes, providing comprehensive nursing care services to a total of 292 residents. Their facilities offer a homelike environment, combining skilled nursing care with the expertise of rehabilitation therapies. In 2022, Magnolia Healthcare reported approximately 73,200 residence days. Their mission is to serve the health and rehabilitation needs of the community and enhance the quality of life for patients, residents, family members, visitors, and coworkers. With a workforce of 598 dedicated individuals, they strive to improve the wellbeing of those in their care.
Official website here: www.mhihealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Magnolia Healthcare Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating that the organization requires improvements in certain areas. The overall score of 74% reflects strengths in governance, such as having a majority of independent board members and a well-defined conflict of interest policy. Additionally, the organization has demonstrated strong financial oversight through its audit and oversight committee.
However, the rating also highlights significant limitations, particularly in financial health. The organization has a concerning liabilities to assets ratio of 108.37%, which suggests financial instability. Furthermore, it does not post its tax forms on its website, which affects transparency and accessibility of financial information for stakeholders.
Despite these challenges, Magnolia Healthcare is effectively utilizing its funds, as evidenced by a program expense ratio of 81.03%, which indicates that a significant portion of its budget is directed toward its programs. Addressing the noted financial weaknesses and improving transparency could enhance its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Magnolia Healthcare Inc legitimate?
Magnolia Healthcare Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magnolia Healthcare 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: $10,146,408
For more financial information, click here
Official website here: www.mhihealth.org
What is the mission statement of Magnolia Healthcare Inc?
Magnolia Healthcare Inc is dedicated to delivering comprehensive nursing care services to cater to the health and rehabilitation needs of the community. Their mission is to enhance the quality of life for each patient, resident, family member, visitor, and coworker. By offering a homelike environment and skilled nursing care, along with specialists in rehabilitation therapies, they help older adults maintain or regain function. Approximately 73,200 residence days were served in 2022. Magnolia Healthcare Inc strives to create a nurturing atmosphere where individuals receive attentive care and support, allowing them to live their best possible lives.
Official website here: www.mhihealth.org
What is the revenue of Magnolia Healthcare Inc?
Magnolia Healthcare Inc's revenue in 2023 was $26,232,279.
Official website here: www.mhihealth.org
Who are the executives of Magnolia Healthcare Inc and what are their salaries?
The average compensation at Magnolia Healthcare Inc during 2023 was $17,708. There are 573 employees at Magnolia Healthcare Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $239,553
- Other: $6,528
- Compensation: $0
- Related: $12,000
- Other: $0
- Compensation: $0
- Related: $12,000
- Other: $0
- Compensation: $127,543
- Related: $0
- Other: $5,248
- Compensation: $110,721
- Related: $0
- Other: $99
- Compensation: $122,331
- Related: $0
- Other: $5,248
Official website here: www.mhihealth.org
Where can I find the form 990 for Magnolia Healthcare Inc?
Magnolia Healthcare Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mhihealth.org
Learn more at the official website: www.mhihealth.org
Mission Statement of Magnolia Healthcare Inc
Magnolia Healthcare Inc, a leading healthcare provider, is dedicated to serving the health and rehabilitation needs of the community. With a mission to improve the quality of life for each patient, resident, family member, visitor, and coworker, Magnolia Healthcare goes beyond providing comprehensive nursing care services.
The organization's commitment extends to creating a homelike environment for its residents, combining spacious surroundings with skilled nursing care and rehabilitation therapies. By specializing in the rehabilitation therapies that help older adults maintain or regain function, Magnolia Healthcare aims to ensure that its patients receive the best possible care. In 2022, the organization provided approximately 73,200 residence days, demonstrating its unwavering dedication to serving its community.
Magnolia Healthcare's team of healthcare professionals works tirelessly to provide personalized care, addressing the unique needs of each individual. They are not just focused on treating medical conditions but also on enhancing the overall well-being and dignity of their patients. By fostering a supportive and compassionate atmosphere, Magnolia Healthcare creates an environment where patients feel at ease and are encouraged to reach their full potential.
In summary, Magnolia Healthcare Inc is a compassionate and dedicated healthcare provider, committed to enhancing the lives of its patients and the community. Through its homelike facilities, skilled nursing care, and rehabilitation therapies, Magnolia Healthcare strives to improve the quality of life for every patient and resident it serves.
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Impact
October, 2024
Magnolia Healthcare Inc has a significant impact on the health and well-being of the Baton Rouge community through its comprehensive nursing care services. By operating four nursing homes with a total of 292 beds, the organization provides a spacious and homelike environment that prioritizes skilled nursing care and rehabilitation therapies. This holistic approach helps older adults maintain or regain their functional abilities, which is essential for improving their quality of life.
In 2022, the facilities were utilized for approximately 73,200 resident days, highlighting the critical role they play in the local healthcare ecosystem. Magnolia Healthcare Inc focuses on serving the health and rehabilitation needs of its residents, their families, and staff, creating a supportive community that enhances overall patient care. Their commitment to improving the quality of life for patients, family members, and staff reinforces the broader goal of fostering wellness and dignity among older adults in the area.
This information is meant to be a general summary of Magnolia Healthcare 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 2023.
- Investment Income: $498,342
- Program Service Revenue: $22,988,483
- Gross Receipts: $26,232,279
Assets and Liabilities:
- Total Assets: $15,447,465
- Total Liabilities: $16,741,141
- Net Assets: -$1,293,676
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICES
Revenue
$22,988,483
Organization Details
Founding Year
1995
Principal Officer
Richard T Daspit Sr
Website
www.mhihealth.orgNTEE Category
Code: E21 - Health
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