Nonprofit · EIN 54-1879770
MAGNOLIA GARDENS INC
Tax-exempt · NORFOLK, VA 23502
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $720,030 | $721,900 | -$1,870 | $2,028,723 | $4,177,053 | -$2,148,330 |
| September 30, 2024 | 990 | $531,558 | $667,896 | -$136,338 | $1,965,736 | $4,112,196 | -$2,146,460 |
| September 30, 2023 | 990 | $499,884 | $654,875 | -$154,991 | $2,098,748 | $4,108,870 | -$2,010,122 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $719,859
- Investment income
- $171
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $138,474
- Salaries, compensation and benefits (total)
- $162,342
- Professional fundraising fees
- $0
- Accounting fees
- $12,681
- Occupancy
- $323,711
- Depreciation
- $113,492
- Program services (functional)
- $640,157
- Management and general (functional)
- $81,743
Balance sheet and other
- Total assets, start of year
- $1,965,736
- Total assets, end of year
- $2,028,723
- Total liabilities, end of year
- $4,177,053
- Net assets, end of year
- -$2,148,330
- Land, buildings and equipment
- $1,802,336
- Net assets without donor restrictions
- -$2,148,330
- Gross receipts
- $720,030
- Employees
- 4
- Volunteers
- 2
- Year formed
- 1997
- State of legal domicile
- VA
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Emmett Pate | Secretary Trustee or director, Officer | – | $0 | $47,000 |
| Richard Bridgford | President Key employee | – | $0 | $27,000 |
| Eugene DeNardi | Treasurer Trustee or director, Officer | – | $0 | $19,000 |
| Lynne Pipis | Vice President Trustee or director, Officer | – | $0 | $0 |
| 0 | 0 Trustee or director | 1 | $0 | $0 |
| 0 | 0 Trustee or director, Institutional trustee | 1 | $0 | $0 |
990 for the year ended September 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Emmett Pate | Secretary Trustee or director, Officer | – | $0 | $47,000 |
| Richard Bridgford | President Key employee | – | $0 | $27,000 |
| Eugene DeNardi | Treasurer Trustee or director, Officer | – | $0 | $19,000 |
| Lynne Pipis | Vice President Trustee or director, Officer | – | $0 | $0 |
| 0 | 0 Trustee or director | 1 | $0 | $0 |
| 0 | 0 Trustee or director, Institutional trustee | 1 | $0 | $0 |
990 for the year ended September 30, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Emmett Pate | Secretary Trustee or director, Officer | – | $0 | $42,000 |
| Richard Bridgford | President Key employee | – | $0 | $20,001 |
| Eugene DeNardi | Treasurer Trustee or director, Officer | – | $0 | $14,000 |
| Lynne Pipis | Vice President Trustee or director, Officer | – | $0 | $0 |
| 0 | 0 Trustee or director | 1 | $0 | $0 |
| 0 | 0 Trustee or director, Institutional trustee | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 972 NORFOLK SQ, NORFOLK, VA 23502-3212
- In care of
- % RICHARD O BRIDGEFORD
- Principal officer (990 for 2024)
- Eugene J DeNardi, 972 Norfolk Square, Norfolk, VA 23502
- Signed the 990
- Eugene J DeNardi, Treasurer
- Phone
- (757) 461-4696
- Return prepared by
- GENE DENARDI CPA
Mission
Low Income Rental Housing-Elderly
Program accomplishments
- Low Income Rental Housing-ElderlyExpenses $640,157 · revenue $720,030
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 54-1879770
- 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
- 1994
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C410)
- Assets (IRS master file)
- $2,028,723
- Income (IRS master file)
- $720,030
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $720,030 | $721,900 | $2,028,723 | XML |
| 990 | September 2024 | $531,558 | $667,896 | $1,965,736 | XML |
| 990 | September 2023 | $499,884 | $654,875 | $2,098,748 | XML |
| 990 | September 2022 | $476,826 | $591,687 | $2,212,201 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | 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 54-1879770).
Questions about MAGNOLIA GARDENS INC
- What is the EIN of MAGNOLIA GARDENS INC?
- The employer identification number (EIN) of MAGNOLIA GARDENS INC is 54-1879770.
- Is MAGNOLIA GARDENS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to MAGNOLIA GARDENS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAGNOLIA GARDENS 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 GARDENS INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAGNOLIA GARDENS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of MAGNOLIA GARDENS INC?
- The 990 for the year ended September 30, 2025 names Eugene J DeNardi.
- Who are the officers and directors of MAGNOLIA GARDENS INC?
- The 990 for the year ended September 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does MAGNOLIA GARDENS INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $720,030, expenses of $721,900 and total assets of $2,028,723 at year end.
Other nonprofits in NORFOLK
- NORFOLK BOTANICAL GARDEN INC EIN 54-0788933 · last filed 990 for 2025
- ELIZABETH RIVER PROJECT EIN 54-1663058 · last filed 990 for 2025
- COASTAL COMMUNITY RESILIENCE INC EIN 81-4468234 · last filed 990 for 2024
- WETLANDS WATCH INC EIN 54-2005763 · last filed 990 for 2024
- INTERNATIONAL BIOCHAR INITIATIVE EIN 56-2675394 · last filed 990 for 2025
- NORFOLK BOTANICAL GARDENS FDN EIN 51-0244918 · last filed 990 for 2025
- CONSERVATION INC EIN 54-1725083 · last filed 990-PF for 2024
- FRIENDS OF LAMBERTS POINT CITY PARK INC EIN 39-2620839 · last filed 990-N for 2025