Nonprofit · EIN 52-1795395
MAGNOLIA HOUSING INC
Tax-exempt · N BETHESDA, MD 20852
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $3,089 | $693,832 | -$690,743 | $0 | $8,899,146 | -$8,899,146 |
| December 31, 2023 | 990 | $1,048,335 | $0 | $1,048,335 | $0 | $8,208,403 | -$8,208,403 |
| December 31, 2022 | 990 | $1,153,999 | $11,395,568 | -$10,241,569 | $5,876,492 | $15,468,228 | -$9,591,736 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,089
Expenses
- Grants and similar amounts paid
- $3,089
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $690,743
- Program services (functional)
- $3,089
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $0
- Total liabilities, end of year
- $8,899,146
- Net assets, end of year
- -$8,899,146
- Gross receipts
- $3,089
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARC WELLER | DIRECTOR | 1 | $0 |
| ROBERT CUSTER | DIRECTOR | 1 | $0 |
| TODD TRAVIS | PRESIDENT | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARC WELLER | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT CUSTER | DIRECTOR Trustee or director | 1 | $0 |
| TODD TRAVIS | PRESIDENT Officer | 1 | $0 |
990 for the year ended December 31, 2022: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARC WELLER | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT CUSTER | DIRECTOR Trustee or director | 1 | $0 |
| TODD TRAVIS | PRESIDENT Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 11810 GRAND PARK AVE STE 600, N BETHESDA, MD 20852-8679
- In care of
- % TODD TRAVIS
- Signed the 990-EZ
- TODD TRAVIS, PRESIDENT
- Phone
- (301) 998-0400
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME INDIVIDUALS AND THEIR FAMILIES.
Program accomplishments
- TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME INDIVIDUALS AND THEIR FAMILIES.Expenses $3,089
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 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 52-1795395
- 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
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L99)
- Assets (IRS master file)
- $1
- Income (IRS master file)
- $3,089
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $3,089 | $693,832 | $0 | XML |
| 990 | December 2023 | $1,048,335 | $0 | $0 | XML |
| 990 | December 2022 | $1,153,999 | $11,395,568 | $5,876,492 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
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 52-1795395).
Questions about MAGNOLIA HOUSING INC
- What is the EIN of MAGNOLIA HOUSING INC?
- The employer identification number (EIN) of MAGNOLIA HOUSING INC is 52-1795395.
- Is MAGNOLIA HOUSING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- 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 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 HOUSING INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of MAGNOLIA HOUSING INC?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does MAGNOLIA HOUSING INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $3,089, expenses of $693,832 and total assets of $0 at year end.
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All nonprofits in N BETHESDA · Maryland · Housing and shelter