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Nonprofit · EIN 77-0395004

MAGNOLIA TREE APARTMENTS INC

Tax-exempt · BAKERSFIELD, CA 93301

Financials

$195K$253K2023$186K$221K2024
Revenue Expenses · by fiscal year end
Financials of MAGNOLIA TREE APARTMENTS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$186,401$221,298-$34,897$343,435$1,906,417-$1,562,982
June 30, 2024990$194,750$252,723-$57,973$365,446$1,907,691-$1,542,245
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$184,231
of which government grants
$184,231
Program service revenue
$0
Investment income
$0
Other revenue
$2,170

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$38,175
Salaries, compensation and benefits (total)
$38,175
Professional fundraising fees
$0
Occupancy
$11,995
Depreciation
$26,697
Program services (functional)
$187,916
Management and general (functional)
$33,382

Balance sheet and other

Total assets, start of year
$365,446
Total assets, end of year
$343,435
Total liabilities, end of year
$1,906,417
Net assets, end of year
-$1,562,982
Land, buildings and equipment
$224,737
Net assets without donor restrictions
-$1,562,982
Gross receipts
$186,401
Employees
0
Year formed
1996
State of legal domicile
CA

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 / weekCompensation
MICHAEL GIFFORDPresident
Trustee or director, Officer
5$0
MARILYN GIFFORDTREASURER
Trustee or director, Officer
5$0
BONITA STEELESecretary
Trustee or director, Officer
5$0
990 for the year ended June 30, 2024: 3 people
NameTitleHours / weekCompensation
BONITA STEELESecretary
Trustee or director, Officer
5$0
MARILYN GIFFORDTREASURER
Trustee or director, Officer
5$0
MICHAEL GIFFORDPresident
Trustee or director, Officer
5$0

Address and contacts

Address (IRS master file)
1400 CHESTER AVE STE D, BAKERSFIELD, CA 93301-5449
In care of
% MICHAEL GIFFORD
Signed the 990
MICHAEL GIFFORD, PRESIDENT
Phone
(661) 326-1190
Return prepared by
Anthony Apodaca Accountancy Corp

California records

California keeps its own records of charities and corporations. Search them by EIN 77-0395004 or by the name MAGNOLIA TREE APARTMENTS INC.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

PROVIDE ASSISTED HOUSING

990 for the year ended June 30, 2025

Program accomplishments

  • THE PURPOSE OF MAGNOLIA TREE APARTMENTS IS TO PROVIDE HOUSING FOR THE DEVELOPMENTALY DISABLED. MAGNOLIA TREE APARTMENTS IS A 24 UNIT APARTMENT COMPLEX THAT IS OCCUPIED BY PERSONS WITH DEVELOPMENTAL DISABILITIES
    Expenses $187,916

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
77-0395004
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
1996
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$343,435
Income (IRS master file)
$186,401

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$186,401$221,298$343,435XML
990June 2024$194,750$252,723$365,446XML
990June 2023$163,870$201,587$412,053IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––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 77-0395004).

Questions about MAGNOLIA TREE APARTMENTS INC

What is the EIN of MAGNOLIA TREE APARTMENTS INC?
The employer identification number (EIN) of MAGNOLIA TREE APARTMENTS INC is 77-0395004.
Is MAGNOLIA TREE APARTMENTS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
Are donations to MAGNOLIA TREE APARTMENTS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MAGNOLIA TREE APARTMENTS 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 TREE APARTMENTS 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 TREE APARTMENTS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who are the officers and directors of MAGNOLIA TREE APARTMENTS INC?
The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does MAGNOLIA TREE APARTMENTS INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $186,401, expenses of $221,298 and total assets of $343,435 at year end.

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