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Nonprofiteer
← MAGNIFICAT HOUSES INC

Form 990 for tax year 2023

Filed by MAGNIFICAT HOUSES INC.

Totals

Total revenue
$3,394,755
Total expenses
$3,785,955
Contributions and grants received
$2,679,861
Grants paid
$1,049,457
Program service revenue
$581,848
Investment income
$138,783
Other revenue
-$5,737
Total assets, end of year
$6,747,902
Total liabilities, end of year
$4,207,096
Net assets or fund balances, end of year
$2,540,806
Program services expenses (Part IX)
$3,052,790
Management and general expenses
$395,528
Fundraising expenses
$337,637
Program service expenses (Part III)
$3,052,790

Program services were 80.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Bobby Knight

    Chairman

    Total calculated
    $0
    Hours/week
    7

  • Kimberly Dennison

    Vice Chairman

    Total calculated
    $0
    Hours/week
    5

  • Abigail Gunderson

    Secretary (through 12/23)

    Total calculated
    $0
    Hours/week
    1

  • Martin Doublesin

    Secretary (from 1/24)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Bart McAndrews

    Treasurer (through 12/23)

    Total calculated
    $0
    Hours/week
    2

  • Clay Jeansonne

    Treasurer (from 1/24)

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Mitch Ackal III

    Director

    Total calculated
    $0
    Hours/week
    1

  • JoAnna Bruce

    Director

    Total calculated
    $0
    Hours/week
    2

  • Wendy Clark

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dominic Fails

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jeannie Gardner

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ken Hertel

    Director

    Total calculated
    $0
    Hours/week
    1

  • Scott Hickey

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sr Carol Mayes

    Director

    Total calculated
    $0
    Hours/week
    2

  • Max Montegut

    Director

    Total calculated
    $0
    Hours/week
    1

  • Trevor Pinkerton

    Director

    Total calculated
    $0
    Hours/week
    1

  • Zack Witten

    Director

    Total calculated
    $0
    Hours/week
    2

  • Susanne Young

    Director

    Total calculated
    $0
    Hours/week
    15 + 2 related

  • Victor Hay

    Executive Director (through 3/24)

    Total calculated
    $116,725
    From this org
    $116,725
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Michael Sisolak

    Director of Finance

    Total calculated
    $61,725
    From this org
    $61,725
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Meredith Vaughan

    Executive Director (from 4/24)

    Total calculated
    $0
    Hours/week
    40

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MHI Caroline MM LLC

    Represent & support MHI in Managing Member role in RoseMary's Place project · TX · income $0 · assets $0

    Directly controlled by Magnificat Houses Inc

  • MHI Developer LLC

    Represent & support MHI in Developer role in RoseMary's Place project · TX · income $9,572 · assets $196,640

    Directly controlled by Magnificat Houses Inc

  • MHI Landholdings LLC

    Represent & support MHI in Land Holding role in RoseMary's Place project · TX · income $430,632 · assets $2,075,462

    Directly controlled by Magnificat Houses Inc

  • MHI Supportive Services LLC

    Represent & support MHI in Supportive Services for RoseMary's Place project · TX · income $0 · assets $0

    Directly controlled by Magnificat Houses Inc

Related partnerships

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

  • MHI Special Member LLC

    N/A · Support MHI as Special Member in RoseMary's Place project · TX · 79% owned

    Directly controlled by Magnificat Houses Inc

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521359349312412

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