Civic Intelligence

Fort Worth Magnolia Green Association Inc

EIN 26-1083914 • 501(c)4 • Fort Worth, TX

Profile

The administration and enforcement of covenants for preserving architecture and appearance of development and the maintenance of common areas, including streets, green areas, and sidewalks, in a mixed use development.

500 W 7th Street Suite 400Fort Worth, TX 76102

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

82nd percentile

0.17x

Higher debt load relative to assets than 82% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

0.11x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Net Margin

51st percentile

2.0%

Higher net margin than 51% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)4 • <$500k nonprofits • Source year 2024

Asset Growth

61st percentile

3.1%

Faster asset growth than 61% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

28th percentile

-22%

Faster revenue growth than 28% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$34,249

Up $1,034 (+3.1%) from 2023

Liabilities

Up

$5,752

Up $4,668 (+431%) from 2023

Net Assets

Down

$28,497

Down $3,633 (-11%) from 2023

Operations
Liabilities / Revenue80th percentileNet Margin51st percentile

Revenue

Down

$54,092

Down $15,369 (-22%) from 2023

Expenses

Down

$53,005

Down $8,922 (-14%) from 2023

Net Income

Down

$1,087

Down $6,447 (-86%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth61st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40K$30K$20K$10K$0Assets 2021: $31,847Liabilities 2021: $1,142Net Assets 2021: $30,7052021Assets 2022: $25,470Liabilities 2022: $874Net Assets 2022: $24,5962022Assets 2023: $33,215Liabilities 2023: $1,084Net Assets 2023: $32,1302023Assets 2024: $34,249Liabilities 2024: $5,752Net Assets 2024: $28,4972024

Highlighted filing

2024

Assets$34,249
Liabilities$5,752
Net Assets$28,497
Open 2024 Filing

Operations Trend

Revenue Growth28th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80K$60K$40K$20K$0-$20KRevenue 2021: $70,004Expenses 2021: $54,470Net Income 2021: $15,5342021Revenue 2022: $65,643Expenses 2022: $71,752Net Income 2022: -$6,1092022Revenue 2023: $69,461Expenses 2023: $61,927Net Income 2023: $7,5342023Revenue 2024: $54,092Expenses 2024: $53,005Net Income 2024: $1,0872024

Highlighted filing

2024

Revenue$54,092
Expenses$53,005
Net Income$1,087
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,249
Liabilities
$5,752
Net assets
$28,497
Revenue
$54,092
Expenses
$53,005
Net income
$1,087
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$34.2$5.75$28.5$54.1$53.0$1.09
2023Detailed filing. Detailed filing data is available for this year.$33.2$1.08$32.1$69.5$61.9$7.53
2022Detailed filing. Detailed filing data is available for this year.$25.5$0.87$24.6$65.6$71.8$6.11
2021Detailed filing. Detailed filing data is available for this year.$31.8$1.14$30.7$70.0$54.5$15.5
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 22, 2025
Return Version
2024v5.1
Gross Receipts
$54,092
Mission and Program Overview

Mission

The administration and enforcement of covenants for preserving architecture and appearance of development and the maintenance of common areas, including streets, green areas, and sidewalks, in a mixed use development.

Program Services

DescriptionGrantsExpenses
THE ASSOCIATION IS A MEMBERSHIP ORGANIZATION THAT WAS FORMED BY THE DEVELOPER OF MAGNOLIA GREEN, A MIXED USE DEVELOPMENT, AND IS OPERATED TO ADMINISTER AND ENFORCE COVENANTS FOR PRESERVING THE ARCHITECTURE AND APPEARANCE OF THE DEVELOPMENT, AND TO MAINTAIN COMMON GREEN AREAS, STREETS, AND SIDEWALKS ("COMMON AREAS") FOR THE USE OF ALL DEVELOPMENT OCCUPANTS AND MEMBERS OF THE GENERAL PUBLIC WHO USE SUCH COMMON AREAS. THE ASSOCIATION IS SUPPORTED BY ANNUAL MEMBER ASSESSMENTS. ITS ACTIVITIES ARE FOR THE COMMON BENEFIT OF THE WHOLE DEVELOPMENT RATHER THAN FOR INDIVIDUAL PROPERTY OWNERS OR THE DEVELOPER.-$46,493
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jack A ClarkPresident/Director-$0--
Grant SummersVice President/Director-$0--
Paul CoulterDirector-$0--
Mike BrennanSecretary-$0--
Ronnie WoolbrightTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Fort Worth Magnolia Green Association Inc
EIN
26-1083914
Phone
8178773300
Address
500 W 7th Street Suite 400, Fort Worth, TX 76102

Signing Officer

Name
Ronnie Woolbright
Title
Treasurer
Phone
8178773300
Signed
2025-04-22
Discuss with paid preparer
Yes

Preparer

Firm
Forvis Mazars LLP
Address
14221 Dallas Parkway Suite 400, Dallas, TX 75254
Preparer
Jeanette Verrelli
Phone
9727028262
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16 Other Expenses

“TRAVEL - 128; MANAGEMENT FEES - 6000; LANDSCAPING - 11901; SECURITY CONTRACT - 3967; DAY PORTER - 8086; SIGNAGE - SITE - 232; FIRE/LIFE SAFETY CONTRACT - 100; COMPUTER/SOFTWARE - 59; Miscellaneous Expense - 418;”

Form 990-EZ, Part I, Line 20 Net Assets Change

“Prior period adjustment - -4720;”

Form 990-EZ, Part II, Line 24B Other Assets

“Accounts receivable and amount - boy:111,eoy:136;”

Form 990-EZ, Part II, Line 26B Total Liabilities

“Accrued payables - boy:346,eoy:5028; accounts payable - boy:0,eoy:724; due to red oak realty - boy:738,eoy:0;”

Form 990-EZ, Part III, Exempt Purpose PRIMARY EXEMPT PURPOSE

“The administration and enforcement of covenants for preserving architecture and appearance of development and the maintenance of common areas, including streets, green areas, and sidewalks, in a mixed use development.”

Form 990EZ, Part III, Line 28 DESCRIPTION OF OTHER PROGRAM SERVICES

“The association is a membership organization that was formed by the developer of magnolia green, a mixed use development, and is operated to administer and enforce covenants for preserving the architecture and appearance of the development, and to maintain common green areas, streets, and sidewalks ("common areas") for the use of all development occupants and members of the general public who use such common areas. The association is supported by annual member assessments. Its activities are for the common benefit of the whole development rather than for individual property owners or the developer.”

Raw XML Appendix137 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrintingPublicationsPostageAmt020
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TRAVEL - 128; MANAGEMENT FEES - 6000; LANDSCAPING - 11901; SECURITY CONTRACT - 3967; DAY PORTER - 8086; SIGNAGE - SITE - 232; FIRE/LIFE SAFETY CONTRACT - 100; COMPUTER/SOFTWARE - 59; Miscellaneous Expense - 418;
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ADMINISTRATION AND ENFORCEMENT OF COVENANTS FOR PRESERVING ARCHITECTURE AND APPEARANCE OF DEVELOPMENT AND THE MAINTENANCE OF COMMON AREAS, INCLUDING STREETS, GREEN AREAS, AND SIDEWALKS, IN A MIXED USE DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ASSOCIATION IS A MEMBERSHIP ORGANIZATION THAT WAS FORMED BY THE DEVELOPER OF MAGNOLIA GREEN, A MIXED USE DEVELOPMENT, AND IS OPERATED TO ADMINISTER AND ENFORCE COVENANTS FOR PRESERVING THE ARCHITECTURE AND APPEARANCE OF THE DEVELOPMENT, AND TO MAINTAIN COMMON GREEN AREAS, STREETS, AND SIDEWALKS ("COMMON AREAS") FOR THE USE OF ALL DEVELOPMENT OCCUPANTS AND MEMBERS OF THE GENERAL PUBLIC WHO USE SUCH COMMON AREAS. THE ASSOCIATION IS SUPPORTED BY ANNUAL MEMBER ASSESSMENTS. ITS ACTIVITIES ARE FOR THE COMMON BENEFIT OF THE WHOLE DEVELOPMENT RATHER THAN FOR INDIVIDUAL PROPERTY OWNERS OR THE DEVELOPER.
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FORT WORTH MAGNOLIA GREEN ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0FORT
ReturnHeader/Filer/EIN0261083914
ReturnHeader/Filer/PhoneNum08178773300
ReturnHeader/Filer/USAddress/AddressLine1Txt0500 W 7th Street Suite 400
ReturnHeader/Filer/USAddress/CityNm0Fort Worth
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076102
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0440160260
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt014221 Dallas Parkway Suite 400
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075254
ReturnHeader/PreparerPersonGrp/PhoneNum09727028262
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeanette Verrelli
ReturnHeader/ReturnTs02025-04-22T14:02:30+00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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