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Magnolia Housing Corporation Of Natchitoches Inc

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

EIN: 721436982 ✦ Natchitoches, LA ✦ Designated as a 501(c)(3)

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Overview

What is Magnolia Housing Corporation Of Natchitoches Inc?

Magnolia Housing Corporation of Natchitoches Inc is a nonprofit organization situated in Natchitoches, Louisiana. The primary mission of this organization is to offer housing assistance to individuals who are mentally challenged or disabled. Their work involves providing essential support to these individuals, ensuring they have access to suitable housing. The corporation strives to enhance the living conditions and quality of life for these individuals, making a significant difference in their daily lives.

Is Magnolia Housing Corporation Of Natchitoches Inc legitimate?

Magnolia Housing Corporation Of Natchitoches Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magnolia Housing Corporation Of Natchitoches 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: $13,151

For more financial information, click here

What is the mission statement of Magnolia Housing Corporation Of Natchitoches Inc?

Magnolia Housing Corporation of Natchitoches Inc is committed to providing housing assistance to individuals who are mentally challenged. Their mission is to offer support and accommodation to these individuals, aiming to enhance their living standards and quality of life. The corporation's activities are primarily focused on providing a safe and suitable living environment, ensuring that the mentally challenged individuals have access to the housing assistance they require. The corporation's goal is to contribute positively to the well-being of these individuals, enabling them to live as independently and comfortably as possible. By providing housing assistance, Magnolia Housing Corporation of Natchitoches Inc strives to make a significant difference in the lives of those who are mentally challenged.

Who is the CEO of Magnolia Housing Corporation Of Natchitoches Inc?

Peggy Braxton is the Chairman of Magnolia Housing Corporation Of Natchitoches Inc.

What is the revenue of Magnolia Housing Corporation Of Natchitoches Inc?

Magnolia Housing Corporation Of Natchitoches Inc's revenue in 2023 was $128,358.

Who are the executives of Magnolia Housing Corporation Of Natchitoches Inc and what are their salaries?


Here are 6 key members and their salaries:


Brittany Bedgood (Commissioner)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dee Dee Dunagan (Commissioner)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Ward (Commissioner)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peggy Braxton (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laquita Collins (Vice Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rhonda M Kay (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Magnolia Housing Corporation Of Natchitoches Inc?

Magnolia Housing Corporation Of Natchitoches Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Magnolia Housing Corporation Of Natchitoches Inc

Magnolia Housing Corporation of Natchitoches Inc is committed to providing housing assistance to individuals who are mentally challenged. This nonprofit organization's mission is centered around addressing the unique housing needs of these individuals, aiming to improve their quality of life. By offering housing assistance, Magnolia Housing Corporation of Natchitoches Inc aims to provide a safe and supportive environment for those who may otherwise struggle to secure adequate housing due to their mental challenges. The corporation's work is instrumental in ensuring that these individuals have access to the resources they need to live independently and with dignity.

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Impact




October, 2024

Magnolia Housing Corporation of Natchitoches Inc plays a vital role in enhancing the quality of life for disabled individuals in Natchitoches, Louisiana. By providing housing assistance specifically tailored for those who are mentally challenged, the organization helps foster independence and stability for some of the most vulnerable members of the community.

Through its initiatives, Magnolia Housing Corporation ensures that individuals have access to safe and appropriate living environments, which is crucial for their well-being and personal development. This commitment not only addresses immediate housing needs but also promotes social inclusion, allowing individuals to integrate more fully into the community. The impact extends beyond just providing shelter; it promotes dignity, supports mental health, and contributes to the overall enrichment of lives by offering individuals a sense of belonging and support in their day-to-day lives.




This information is meant to be a general summary of Magnolia Housing Corporation Of Natchitoches 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.

Revenue
$128,358 (2023)
Expenses
$139,390 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $325
  • Program Service Revenue: $128,033
  • Gross Receipts: $128,358

Assets and Liabilities:

  • Total Assets: $943,152
  • Total Liabilities: $1,160,118
  • Net Assets: -$216,966

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL ASSISTANCE

Revenue

$66,896

TENANT RENTS

Revenue

$54,704

TENANT CHARGES

Revenue

$6,433

Organization Details

Founding Year

1998

Principal Officer

Peggy Braxton

Main Address

525 FOURTH ST, NATCHITOCHES, LA, 714576052

NTEE Category

Code: L20 - Housing

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