Nonprofit · EIN 27-3600136
MAGNOLIA HOUSING INC
Tax-exempt · DUNN, NC 28335
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $267,979 | $384,099 | -$116,120 | $3,803,614 | $5,309,519 | -$1,505,905 |
| December 31, 2024 | 990 | $268,023 | $367,903 | -$99,880 | $3,902,387 | $5,292,172 | -$1,389,785 |
| December 31, 2023 | 990 | $260,392 | $351,446 | -$91,054 | $3,996,720 | $5,286,625 | -$1,289,905 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $267,283
- Investment income
- $696
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $55,107
- Salaries, compensation and benefits (total)
- $64,200
- Professional fundraising fees
- $0
- Accounting fees
- $12,700
- Occupancy
- $18,262
- Travel
- $3,032
- Depreciation
- $117,605
- Program services (functional)
- $334,680
- Management and general (functional)
- $49,419
Balance sheet and other
- Total assets, start of year
- $3,902,387
- Total assets, end of year
- $3,803,614
- Total liabilities, end of year
- $5,309,519
- Net assets, end of year
- -$1,505,905
- Land, buildings and equipment
- $3,043,897
- Net assets without donor restrictions
- -$1,505,905
- Gross receipts
- $267,979
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2010
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DON G WELLONS | PRESIDENT/DIRECTOR Trustee or director, Officer | 2 | $0 |
| LAUREN W WHITE | VICE PRES/DIRECTOR Trustee or director, Officer | 2 | $0 |
| ANDREA C HOWARD | SECRETARY/TREASURER/DIRECTOR Trustee or director, Officer | 2 | $0 |
| GENE T JERNIGAN | ASSISTANT SEC./DIRECTOR Trustee or director | 2 | $0 |
| SYLVIA W CRAFT | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DON G WELLONS | PRESIDENT/DIRECTOR Trustee or director, Officer | 2 | $0 |
| LAUREN W WHITE | VICE PRES/DIRECTOR Trustee or director, Officer | 2 | $0 |
| ANDREA C HOWARD | SECRETARY/TREASURER/DIRECTOR Trustee or director, Officer | 2 | $0 |
| GENE T JERNIGAN | ASSISTANT SEC./DIRECTOR Trustee or director | 2 | $0 |
| SYLVIA W CRAFT | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DON G WELLONS | PRESIDENT/DIRECTOR Trustee or director, Officer | 2 | $0 |
| LAUREN W WHITE | VICE PRES/DIRECTOR Trustee or director, Officer | 2 | $0 |
| ANDREA C HOWARD | SECRETARY/TREASURER/DIRECTOR Trustee or director, Officer | 2 | $0 |
| GENE T JERNIGAN | ASSISTANT SEC./DIRECTOR Trustee or director | 2 | $0 |
| SYLVIA W CRAFT | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1254, DUNN, NC 28335-1254
- In care of
- % DON G WELLONS
- Mailing address (990-N for 2011)
- PO BOX 1254, DUNN NC 28335
- Principal officer (990 for 2025)
- DON G WELLONS, PO BOX 1254, DUNN, NC 28335
- Principal officer (990-N for 2011)
- DON G WELLONS, PO BOX 1254, DUNN NC 28335
- Signed the 990
- DON G WELLONS, PRESIDENT
- Phone
- (910) 892-0436
- Return prepared by
- Patterson & Associates PLLC
Mission
REDUCED RENT HOUSING FOR THE ELDERLY
Program accomplishments
- Provide elderly and handicapped persons with reduced rent & housing services especially designed to meet their physical, social, and psychological needs to promote their health, security, happiness, and usefulness in longer living. (38 units provided)Expenses $334,680 · revenue $267,979
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-3600136
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22)
- Assets (IRS master file)
- $3,803,614
- Income (IRS master file)
- $267,979
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $267,979 | $384,099 | $3,803,614 | IRS |
| 990 | December 2024 | $268,023 | $367,903 | $3,902,387 | XML |
| 990 | December 2023 | $260,392 | $351,446 | $3,996,720 | XML |
| 990 | December 2022 | $240,451 | $350,077 | $4,106,040 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2011 Officer: DON G WELLONS | December 31, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-3600136).
Questions about MAGNOLIA HOUSING INC
- What is the EIN of MAGNOLIA HOUSING INC?
- The employer identification number (EIN) of MAGNOLIA HOUSING INC is 27-3600136.
- Is MAGNOLIA HOUSING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to MAGNOLIA HOUSING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAGNOLIA HOUSING INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MAGNOLIA HOUSING INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAGNOLIA HOUSING INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MAGNOLIA HOUSING INC?
- The 990 for the year ended December 31, 2025 names DON G WELLONS.
- Who are the officers and directors of MAGNOLIA HOUSING INC?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does MAGNOLIA HOUSING INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $267,979, expenses of $384,099 and total assets of $3,803,614 at year end.
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All nonprofits in DUNN · North Carolina · Housing and shelter