Skip to content
Nonprofiteer
← MAGNOLIA HEIGHTS HOUSING CORPORATION

Form 990 for tax year 2023

Filed by MAGNOLIA HEIGHTS HOUSING CORPORATION.

Totals

Total revenue
$169,981
Total expenses
$223,411
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$169,905
Investment income
$76
Other revenue
$0
Total assets, end of year
$1,515,786
Total liabilities, end of year
$12,823
Net assets or fund balances, end of year
$1,502,963
Program services expenses (Part IX)
$143,135
Management and general expenses
$80,276
Fundraising expenses
$0
Program service expenses (Part III)
$143,135

Program services were 64.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL REVENUE

    total $167,656 · related or exempt $167,656

  • 2b · Program service revenue: OTHER REVENUE

    total $2,249 · related or exempt $2,249

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $76 · excluded $76

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $49,317 · program services $31,493 · management and general $17,824

  • 11c · Fees: accounting

    total $5,000 · management and general $5,000

  • 11g · Fees: other

    total $1,986 · program services $984 · management and general $1,002 · fundraising $0

  • 13 · Office expenses

    total $32,304 · program services $7,735 · management and general $24,569

  • 16 · Occupancy

    total $56,475 · program services $36,182 · management and general $20,293

  • 22 · Depreciation, depletion and amortization

    total $71,301 · program services $66,741 · management and general $4,560

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $7,028 · management and general $7,028

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,548 · end of year $4,884

  • 2 · Savings and temporary cash investments

    beginning of year $25,672 · end of year $28,041

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,999 · end of year $34,371

  • 10a · Land, buildings and equipment: cost or other basis

    $2,491,827

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,047,416

  • 10c · Land, buildings and equipment, net

    beginning of year $1,508,802 · end of year $1,444,411

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $4,258 · end of year $4,079

  • 17 · Accounts payable and accrued expenses

    beginning of year $296 · end of year $383

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $13,590 · end of year $12,440

  • 27 · Net assets without donor restrictions

    beginning of year $1,556,393 · end of year $1,502,963

Mission and programs · 2023

Mission

TO IMPROVE LOW INCOME HOUSING AND BEHAVIORAL HEALTH SERVICES TO PERSONS IN OUR COMMUNITY WHO ARE DISABLED.

Activities or mission (Part I)

TO IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE THROUGH CONTEMPORARY, INNOVATIVE, TRAUMA INFORMED, QUALITY BEHAVIORAL HEALTHCARE SOLUTIONS.

  • MAGNOLIA HEIGHTS IS COMPRISED OF 23 APARTMENTS AND ONE UNIT FOR THE APARTMENT MANAGER. ADMISSION CRITERIA IS BASED ON HUD SECTION 811 QUALIFICATIONS, WHICH INCLUDES THE TENANT BEING DISABLED. OUR SPECIFIC FOCUS IS GEARED TOWARD LOW-INCOME TENANTS THAT HAVE A QUALIFYING PSYCHIATRIC DIAGNOSIS. HOUSING AND URBAN DEVELOPMENT ASSISTS IN FUNDING THIS PROGRAM THROUGH RENTAL SUBSIDIES. WE FOLLOW THE HUD, SECTION 811 RULES AND REGULATIONS REGARDING TENANT SELECTION AND OPERATIONS.

    Expenses $143,135 · Revenue $169,905

As filed on the 2023 return.

Listed in Part VII

  • Doug Doll

    Chairman

    Total calculated
    $0
    Hours/week
    0.5 + 3.5 related

  • Dr Charles Bentlage

    Secretary/Treasurer

    Total calculated
    $82,790
    From this org
    $0
    From related orgs
    $82,790
    Other
    $0
    Hours/week
    0.5 + 28 related

  • Richard V Demier

    Vice Chairman

    Total calculated
    $0
    Hours/week
    0.5 + 3.5 related

  • CHARLES KEETER

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 3.5 related

  • KELLY WALTERS

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 3.5 related

  • Paula Baker MS

    President and CEO, Freeman Health System/Director

    Total calculated
    $1,863,628
    From this org
    $0
    From related orgs
    $1,825,331
    Other
    $38,297
    Hours/week
    0.5 + 67 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,260,403 related
    Bonus
    $0 + $512,428 related
    Other
    $0 + $52,500 related
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $29,147 related
    Filer's total
    $0 + $1,863,628 related

  • VICKIE BARNES

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 3.5 related

  • Vicky Mieseler

    Chief Administrative Officer

    Total calculated
    $380,491
    From this org
    $0
    From related orgs
    $346,828
    Other
    $33,663
    Hours/week
    0.5 + 53.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $286,980 related
    Bonus
    $0 + $59,848 related
    Other
    $0
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $24,513 related
    Filer's total
    $0 + $380,491 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, 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. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE COMPENSATION OF THE CAO IS DETERMINED BY OZARK CENTER, A RELATED ORGANIZATION. THE FOLLOWING METHODS WERE USED TO ESTABLISH THE CAO'S COMPENSATION: - COMPENSATION COMMITTEE - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
Schedule J, Part I, Line 6b Compensation contingent on net earnings of a related organization
FREEMAN HEALTH SYSTEM, A RELATED PARTY OF THE ORGANIZATION, PROVIDES MANAGEMENT THE POTENTIAL TO RECEIVE AN AT-RISK PAYMENT BASED ON THE PROFITABILITY OF THE ORGANIZATION AND ACHIEVEMENT OF PROGRAM GOALS AND OBJECTIVES. IN FISCAL YEAR END 2024 SUCH ACCRUALS WERE MADE. THE AMOUNT OF COMPENSATION IS BASED UPON A PERCENTAGE OF THE EMPLOYEE'S ANNUAL COMPENSATION AND IS SUBJECT TO BOARD APPROVAL.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2023
Filed
29 January 2025
IRS schema version
2023v6.0
Source object
202500299349300315

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.