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Nonprofit · EIN 59-1115878

MAGNOLIA TOWERS INC

Tax-exempt · ORLANDO, FL 32801

Financials

$1.3M$1.7M2022$1.6M$1.7M2023$1.7M$1.9M2024
Revenue Expenses · by fiscal year end
Financials of MAGNOLIA TOWERS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$1,682,942$1,877,221-$194,279$3,454,619$5,046,528-$1,591,909
June 30, 2024990$1,585,069$1,717,666-$132,597$3,214,487$4,612,117-$1,397,630
June 30, 2023990$1,325,497$1,704,890-$379,393$3,314,666$4,579,699-$1,265,033
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$6,946
Program service revenue
$1,675,937
Investment income
$59
Net gain from sales of assets
-$103
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$475,057
Salaries, compensation and benefits (total)
$534,796
Professional fundraising fees
$0
Occupancy
$177,455
Depreciation
$277,271
Program services (functional)
$1,877,221

Balance sheet and other

Total assets, start of year
$3,214,487
Total assets, end of year
$3,454,619
Total liabilities, end of year
$5,046,528
Net assets, end of year
-$1,591,909
Land, buildings and equipment
$3,162,234
Net assets without donor restrictions
-$1,591,909
Gross receipts
$1,683,045
Employees
11
Year formed
1964
State of legal domicile
FL

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
TERENCE ROGERSCEO/PRESIDEN
Trustee or director, Officer
–$0$1,176,383$33,597
HENRY KEITHCEO/PRESIDEN
Trustee or director, Officer
–$0$682,696$32,133
GARRY HENNISCOO/EXECUTIV
Officer
–$0$648,336$32,799
JENNIFER MARTENSCFO/TREASUR/
Trustee or director, Officer
–$0$275,285$26,215
DONALD DODDRIDGECHAIRMAN
Trustee or director, Officer
–$0$0$0
JOHN HILLENMEYERCHAIRMAN
Trustee or director, Officer
–$0$0$0
HENRY KEITHCFO/TREASUR/
Trustee or director, Officer
–$0$0$0
MEGAN FAUBELSECRETARY
Officer
–$0$0$0
LINDA SHELLEYDIRECTOR
Trustee or director
–$0$0$0
JOHN DEBEVOISEDIRECTOR
Trustee or director
–$0$0$0
990 for the year ended June 30, 2024: 7 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
TERENCE ROGERSCEO/PRESIDEN
Trustee or director, Officer
–$0$791,826$44,437
HENRY KEITHCFO/TREASUR/
Trustee or director, Officer
–$0$613,220$29,978
GARRY HENNISCOO/EXECUTIV
Officer
–$0$564,179$28,188
JOHN HILLENMEYERCHAIRMAN
Trustee or director, Officer
–$0$0$0
MEGAN FAUBELSECRETARY
Officer
–$0$0$0
LINDA SHELLEYDIRECTOR
Trustee or director
–$0$0$0
JOHN DEBEVOISEDIRECTOR
Trustee or director
–$0$0$0
990 for the year ended June 30, 2023: 7 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
TERENCE ROGERSCEO/PRESIDEN
Trustee or director, Officer
–$0$664,385$36,488
HENRY KEITHCFO/TREASUR/
Trustee or director, Officer
–$0$530,394$24,643
GARRY HENNISCOO/EXECUTIV
Officer
–$0$464,464$20,996
JOHN HILLENMEYERCHAIRMAN
Trustee or director, Officer
–$0$0$0
MEGAN FAUBELSECRETARY
Officer
–$0$0$0
LINDA SHELLEYDIRECTOR
Trustee or director
–$0$0$0
JOHN DEBEVOISEDIRECTOR
Trustee or director
–$0$0$0

Address and contacts

Address (IRS master file)
80 W LUCERNE CIR, ORLANDO, FL 32801-3779
Principal officer (990 for 2024)
JENNIFER MARTENS, 80 W LUCERNE CIRCLE, ORLANDO, FL 32801
Signed the 990
JENNIFER MARTENS, CFO/TREASUR/EXEC VP
Phone
(407) 839-5050
Return prepared by
HOSKINS QUIROS PATEL & LOID CPA LLC

Mission

WE ARE A CHURCH RELATED, NON-PROFIT ORGANIZATION DEDICATED AND COMMITTED TO PROVIDING SERVICES FOR OLDER ADULTS BY CREATING AND PRESERVING EXCELLENT RESIDENTIAL FACILITIES. WE BELIEVE IN AND ARE COMMITTED TO HONORING EACH PERSON'S DIGNITY, RIGHTS, SELF-RESPECT AND INDEPENDENCE. WE ARE COMMITTED TO A PROGRAM OF STEWARDSHIP THAT RECOGNIZES THE RESPONSIBILITY TO USE OUR RESOURCES WELL.

990 for the year ended June 30, 2025

Program accomplishments

  • PROVIDING HOUSING FOR THE LOW INCOME ELDERLY. THE ORGANIZATION OPERATES A 156 UNIT FACILITY.
    Expenses $1,877,221 · revenue $1,675,937

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
59-1115878
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
1965
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,454,619
Income (IRS master file)
$1,683,045

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$1,682,942$1,877,221$3,454,619IRS
990June 2024$1,585,069$1,717,666$3,214,487IRS
990June 2023$1,325,497$1,704,890$3,314,666XML
990June 2022$1,187,477$1,335,520$3,189,456IRS
990June 2021–––IRS
990June 2020–––IRS
990June 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 59-1115878).

Questions about MAGNOLIA TOWERS INC

What is the EIN of MAGNOLIA TOWERS INC?
The employer identification number (EIN) of MAGNOLIA TOWERS INC is 59-1115878.
Is MAGNOLIA TOWERS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1965.
Are donations to MAGNOLIA TOWERS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MAGNOLIA TOWERS 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 TOWERS INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MAGNOLIA TOWERS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of MAGNOLIA TOWERS INC?
The 990 for the year ended June 30, 2025 names JENNIFER MARTENS.
Who are the officers and directors of MAGNOLIA TOWERS INC?
The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
How much revenue does MAGNOLIA TOWERS INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $1,682,942, expenses of $1,877,221 and total assets of $3,454,619 at year end.

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