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Nonprofiteer
← MAGNOLIA HOUSING INC

Form 990-EZ for tax year 2024

Filed by MAGNOLIA HOUSING INC.

Totals

Total revenue
$3,089
Total expenses
$693,832
Contributions and grants received
$3,089
Grants paid
$3,089
Program service revenue
not reported
Membership dues (line 3)
not reported
Investment income (line 4)
not reported
Gain or loss on sale of assets (line 5c)
not reported
Gaming and fundraising events, net (line 6d)
not reported
Gross profit on inventory sales (line 7c)
not reported
Other revenue (line 8)
not reported
Total assets, end of year
$0
Total liabilities, end of year
$8,899,146
Net assets or fund balances, end of year
-$8,899,146
Program service expenses (Part III)
$3,089

Program services were 0.4% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

Mission and programs · 2024

Primary exempt purpose

TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME INDIVIDUALS AND THEIR FAMILIES.

  • TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME INDIVIDUALS AND THEIR FAMILIES.

    Expenses $3,089

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part IV

  • MARC WELLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • ROBERT CUSTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • TODD TRAVIS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990_ez
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202503219349210485

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