Nonprofit · EIN 45-3733905
MAGNOLIA CDC
Tax-exempt (reinstated) · OPELOUSAS, LA 70570
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990-EZ | $98,835 | $193,013 | -$94,178 | $189,900 | $614,254 | -$424,354 |
Financial details: 990-EZ for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $77,320
- Program service revenue
- $21,515
Expenses
- Compensation of officers, directors and key employees
- $58,343
- Salaries, compensation and benefits (total)
- $63,695
- Professional fees and payments to contractors
- $125
- Printing, publications and postage
- $96
- Other expenses
- $129,097
Balance sheet and other
- Total assets, start of year
- $199,040
- Total assets, end of year
- $189,900
- Total liabilities, end of year
- $614,254
- Net assets, end of year
- -$424,354
- Cash, savings and investments
- $93,665
- Land and buildings
- $14,000
- Gross receipts
- $98,835
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-EZ for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RALPH BROUSSARD | Executive Dir. | 37.5 | $58,343 |
| BRADLEY MAYFIELD | Vice President | 0 | $0 |
| PAUL SCOTT | President | 0 | $0 |
| CHARLES MINIEX | Secretary | 0 | $0 |
| JULIE MILES | Director | 0 | $0 |
| LEROY WILLIAMS | Director | 0 | $0 |
| CONSTANCE JOHNSON | Director | 0 | $0 |
| NATHAN THORNTON | Director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 5367 1-49 S SERVICE RD, OPELOUSAS, LA 70570-0000
- In care of
- % R KEITH BROUSSARD
- Mailing address (990-N for 2017)
- I 49 S SERVICE RD, Opelousas LA 70570
- Principal officer (990-N for 2017)
- RALPH BROUSSARD, 150 Briscoe RD, Opelousas LA 70570
- Signed the 990-EZ
- RALPH BROUSSARD, Executive Dir.
- Phone
- (337) 351-0045
- Website
- www.magnoliacdc.org
- Return prepared by
- GOING SEBASTIEN FISHER & LEBOUEF LLP
Mission
HOUSING - RENOVATED AND REPAIRED 6 VETERAN OWNED HOMES THROUGH THE FHLB SNAP PROGRAM AND THE HAC AHRV PROGRAM.
Program accomplishments
- BUILT AND SOLD 1 HOUSE TO LOW INCOME FAMILIESgrants $77,320
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 45-3733905
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $189,900
- Income (IRS master file)
- $98,835
Revocation and reinstatement
- Exemption revoked
- February 15, 2022
- Posted by the IRS
- May 11, 2022
- Reinstated
- Effective February 15, 2022
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2023 | $98,835 | $193,013 | $189,900 | IRS |
| 990 | December 2022 | $382,608 | $552,610 | $199,041 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2017 Officer: RALPH BROUSSARD | September 30, 2018 | ≤ $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 45-3733905).
Questions about MAGNOLIA CDC
- What is the EIN of MAGNOLIA CDC?
- The employer identification number (EIN) of MAGNOLIA CDC is 45-3733905.
- Is MAGNOLIA CDC tax-exempt?
- Yes. The IRS revoked its exemption on February 15, 2022 and reinstated it effective February 15, 2022.
- Are donations to MAGNOLIA CDC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAGNOLIA CDC 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 CDC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAGNOLIA CDC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2023.
- Who is the principal officer of MAGNOLIA CDC?
- The 990-N for 2017 names RALPH BROUSSARD.
- Who are the officers and directors of MAGNOLIA CDC?
- The 990-EZ for the year ended December 31, 2023 lists 8 people; 1 received compensation from the organization, the highest $58,343 (RALPH BROUSSARD, Executive Dir.).
- How much revenue does MAGNOLIA CDC have?
- On its 990-EZ for the year ended December 31, 2023 it reported revenue of $98,835, expenses of $193,013 and total assets of $189,900 at year end.
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All nonprofits in OPELOUSAS · Louisiana · Community improvement and capacity building