Civic Intelligence

Magnolia Housing Inc.

990 • Fiscal year 2013 • EIN 27-3600136

Jan 01, 2013 to Dec 31, 2013 • Filed on May 12, 2014

Organization ProfileN/A
PO Box 125428335

(910) 892-0436

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

93rd percentile

1.04x

Higher debt load relative to assets than 93% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

99th percentile

40.45x

Higher debt load relative to revenue than 99% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Net Margin

4th percentile

-81%

Higher net margin than 4% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

29th percentile

-2.0%

Faster asset growth than 29% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$5,104,122

Down $104,468 (-2.0%) from 2012

Net Assets

Down

-$179,197

Down $105,325 (-143%) from 2012

Liabilities

Up

$5,283,319

Up $857 (+0.0%) from 2012

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin4th percentile

Revenue

$130,620

No earlier filing loaded for comparison.

Expenses

Up

$235,944

Up $133,618 (+131%) from 2012

Net Income

-$105,324

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2012: $5,208,590Liabilities 2012: $5,282,462Net Assets 2012: -$73,8722012Assets 2013: $5,104,122Liabilities 2013: $5,283,319Net Assets 2013: -$179,1972013Assets 2014: $4,999,472Liabilities 2014: $5,289,291Net Assets 2014: -$289,8192014Assets 2015: $4,871,895Liabilities 2015: $5,290,668Net Assets 2015: -$418,7732015Assets 2016: $4,746,526Liabilities 2016: $5,300,448Net Assets 2016: -$553,9222016Assets 2017: $4,636,183Liabilities 2017: $5,304,755Net Assets 2017: -$668,5722017Assets 2018: $4,543,131Liabilities 2018: $5,289,365Net Assets 2018: -$746,2342018Assets 2019: $4,425,572Liabilities 2019: $5,303,279Net Assets 2019: -$877,7072019Assets 2020: $4,306,585Liabilities 2020: $5,289,315Net Assets 2020: -$982,7302020Assets 2021: $4,207,624Liabilities 2021: $5,296,849Net Assets 2021: -$1,089,2252021Assets 2022: $4,106,040Liabilities 2022: $5,304,891Net Assets 2022: -$1,198,8512022Assets 2023: $3,996,720Liabilities 2023: $5,286,625Net Assets 2023: -$1,289,9052023Assets 2024: $3,902,387Liabilities 2024: $5,292,172Net Assets 2024: -$1,389,7852024

Highlighted filing

2013

Assets$5,104,122
Liabilities$5,283,319
Net Assets-$179,197
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KExpenses 2012: $102,3262012Revenue 2013: $130,620Expenses 2013: $235,944Net Income 2013: -$105,3242013Revenue 2014: $140,915Expenses 2014: $251,537Net Income 2014: -$110,6222014Revenue 2015: $144,708Expenses 2015: $273,663Net Income 2015: -$128,9552015Revenue 2016: $139,292Expenses 2016: $274,441Net Income 2016: -$135,1492016Revenue 2017: $205,292Expenses 2017: $319,942Net Income 2017: -$114,6502017Revenue 2018: $211,649Expenses 2018: $289,311Net Income 2018: -$77,6622018Revenue 2019: $226,739Expenses 2019: $358,212Net Income 2019: -$131,4732019Revenue 2020: $226,405Expenses 2020: $331,428Net Income 2020: -$105,0232020Revenue 2021: $246,390Expenses 2021: $352,885Net Income 2021: -$106,4952021Revenue 2022: $240,451Expenses 2022: $350,077Net Income 2022: -$109,6262022Revenue 2023: $260,392Expenses 2023: $351,446Net Income 2023: -$91,0542023Revenue 2024: $268,023Expenses 2024: $367,903Net Income 2024: -$99,8802024

Highlighted filing

2013

Revenue$130,620
Expenses$235,944
Net Income-$105,324
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 12, 2014
Return Version
2013v3.1
Gross Receipts
$130,620
Mission and Program Overview

Mission

Reduced rent housing for the elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,544,796$4,419,686▼ $125,110
Cash and Non-Interest-Bearing Accounts$3,977$25,164▲ $21,187
Prepaid Expenses and Deferred Charges$4,802$7,450▲ $2,648
Accounts Receivable$52,761$169▼ $52,592
Total Assets$5,208,590$5,104,122▼ $104,468
Other Assets Total$602,254$651,653▲ $49,399
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,123,620$5,270,600▲ $146,980
Other Liabilities$6,057$10,036▲ $3,979
Accounts Payable and Accrued Expenses$152,206$2,682▼ $149,524
Deferred Revenue$580$1▼ $579
Total Liabilities$5,282,463$5,283,319▲ $856
Net Assets / Fund Balance
Unrestricted Net Assets$-73,873$-179,197▼ $105,324
Total Net Assets Fund Balance$-73,873$-179,197▼ $105,324
Total Liabilities and Net Assets / Fund Balance$5,208,590$5,104,122▼ $104,468

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,136,846$142,281-
Other Land Buildings$38,948$11,407-
Land$164,400--
Equipment$68,957$11,958-
Leasehold Improvements$10,535$750-
Other Assets Org$20,477--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Don G WellonsPresident/director
Gene T JerniganDirector
Sylvia W CraftDirector
Shirley P GodwinSecretary/treasurer/director
John H Wellons JrVice Pres/director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$130,391
Investment Income
$229
Other Revenue
$0
Change in Net Assets
$-105,324

Audited Revenue Reconciliation

Revenue per Audited Statements
$130,620
Total Revenue per Audited Statements
$130,620
Total Revenue per Form 990
$130,620
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$198,285
Salaries, Compensation, and Employee Benefits$37,659
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$125,639$0$0$125,639
Other Salaries and Wages$0$34,685$0$34,685
Insurance$14,706$0$0$14,706
Fees for Services Management$0$13,563$0$13,563
Occupancy$10,885$0$0$10,885
Fees for Services Accounting$0$9,029$0$9,029
Advertising$5,874$0$0$5,874
Payroll Taxes$0$2,849$0$2,849
Office Expenses$0$2,493$0$2,493
Other Expenses$1,208$0$0$1,208
Information Technology$0$925$0$925
Travel$0$337$0$337
Conferences and Meetings$0$315$0$315
Other Employee Benefits$0$125$0$125
Total Functional Expenses$171,623$64,321$0$235,944

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$235,944
Total Expenses per Audited Statements$235,944
Total Expenses per Form 990$235,944
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$10,036
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

EIN
27-3600136
Phone
9108920436

Signing Officer

Name
Don G Wellons
Title
President
Phone
9108920436
Signed
2014-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don G Wellons
Formed
2010
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Preparer
Matthew a Patterson CPA
Phone
9107381448
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Organization makes 990 available to Board Members who wish to inspect prior to filing.”

Pt VI, Line 12C

“Conflict of interest policy is reviewed annually during board meetings.”

Pt VI, Line 15A

“Organization reimburses management company for payroll related expenses.”

Pt VI, Line 15B

“Organization reimburses management company for payroll related expenses.”

Pt VI, Line 19

“Organization has a copy of 990 available for inspection.”

Pt VI, Line 2

“Several Board members share a family relationship.”

Raw XML Appendix378 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0152206
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02682
IRS990/AccountsReceivableGrp/BOYAmt052761
IRS990/AccountsReceivableGrp/EOYAmt0169
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0REDUCED RENT HOUSING FOR THE ELDERLY
IRS990/AdvertisingGrp/FundraisingAmt00
IRS990/AdvertisingGrp/ManagementAndGeneralAmt00
IRS990/AdvertisingGrp/ProgramServicesAmt05874
IRS990/AdvertisingGrp/TotalAmt05874
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine10Wellons Foundation Management Services
IRS990/BooksInCareOfDetail/PhoneNum09108620436
IRS990/BooksInCareOfDetail/USAddress/AddressLine10PO Box 1254
IRS990/BooksInCareOfDetail/USAddress/City0Dunn
IRS990/BooksInCareOfDetail/USAddress/State0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCode028335
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt03977
IRS990/CashNonInterestBearingGrp/EOYAmt025164
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/FundraisingAmt00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0315
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt00
IRS990/ConferencesMeetingsGrp/TotalAmt0315
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0229
IRS990/CYOtherExpensesAmt0198285
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0130391
IRS990/CYRevenuesLessExpensesAmt0-105324
IRS990/CYSalariesCompEmpBnftPaidAmt037659
IRS990/CYTotalExpensesAmt0235944
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0130620
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0580
IRS990/DeferredRevenueGrp/EOYAmt01
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0125639
IRS990/DepreciationDepletionGrp/TotalAmt0125639
IRS990/Desc0PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH REDUCED RENT & HOUSING SERVICES ESPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING. (38 UNITS PROVIDED)
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0171623
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt09029
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt00
IRS990/FeesForServicesAccountingGrp/TotalAmt09029
IRS990/FeesForServicesManagementGrp/FundraisingAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt013563
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt013563
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/PersonNm0DON G WELLONS
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN H WELLONS JR
IRS990/Form990PartVIISectionAGrp/PersonNm2SHIRLEY P GODWIN
IRS990/Form990PartVIISectionAGrp/PersonNm3SYLVIA W CRAFT
IRS990/Form990PartVIISectionAGrp/PersonNm4GENE T JERNIGAN
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRES/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0130620
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt00
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0925
IRS990/InformationTechnologyGrp/ProgramServicesAmt00
IRS990/InformationTechnologyGrp/TotalAmt0925
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt00
IRS990/InsuranceGrp/ProgramServicesAmt014706
IRS990/InsuranceGrp/TotalAmt014706
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0229
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0166396
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04544796
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04419686
IRS990/LandBldgEquipCostOrOtherBssAmt04586082
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0REDUCED RENT HOUSING FOR THE ELDERLY
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt05123620
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05270600
IRS990/NetAssetsOrFundBalancesBOYAmt0-73873
IRS990/NetAssetsOrFundBalancesEOYAmt0-179197
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt010885
IRS990/OccupancyGrp/TotalAmt010885
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02493
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt02493
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0602254
IRS990/OtherAssetsTotalGrp/EOYAmt0651653
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0125
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0125
IRS990/OtherExpensesGrp/Desc0Repairs & Maintenance
IRS990/OtherExpensesGrp/Desc1Other Operating Expenses
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt013311
IRS990/OtherExpensesGrp/ProgramServicesAmt11208
IRS990/OtherExpensesGrp/TotalAmt013311
IRS990/OtherExpensesGrp/TotalAmt11208
IRS990/OtherLiabilitiesGrp/BOYAmt06057
IRS990/OtherLiabilitiesGrp/EOYAmt010036
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt034685
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt034685
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02849
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt02849
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04802
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07450
IRS990/PrincipalOfficerNm0DON G WELLONS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/Desc0Rent - Tenants
IRS990/ProgramServiceRevenueGrp/Desc1HUD Rental Assistance
IRS990/ProgramServiceRevenueGrp/Desc2Related Service Income
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt082127
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt144558
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23706
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt087863
IRS990/PYProgramServiceRevenueAmt028454
IRS990/PYRevenuesLessExpensesAmt0-73872
IRS990/PYSalariesCompEmpBnftPaidAmt014463
IRS990/PYTotalExpensesAmt0102326
IRS990/PYTotalRevenueAmt028454
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-105324
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0130391
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0229
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0229
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0130391
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt028454
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0158845
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0229
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0229
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0158845
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0130391
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt028454
IRS990ScheduleA/Total509Grp/TotalAmt0158845
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0159074
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt04136846
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0142281
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt04279127
IRS990ScheduleD/EquipmentGrp/BookValueAmt068957
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011958
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt080915
IRS990ScheduleD/ExpensesSubtotalAmt0235944
IRS990ScheduleD/LandGrp/BookValueAmt0164400
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0164400
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt010535
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0750
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt011285
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04834
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1626342
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt220477
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0UTILITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OTHER CASH DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ORGANIZATIONAL COSTS, NET OF AMORTIZATION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3MINIMUM CAPITAL INVESTMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4UNEXPENDED DEVELOPER'S FEE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5SHARED COST SAVINGS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt038948
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011407
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt050355
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010036
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0130620
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04419686
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0651653
IRS990ScheduleD/TotalExpensesPerForm990Amt0235944
IRS990ScheduleD/TotalLiabilityAmt010036
IRS990ScheduleD/TotalRevenuePerForm990Amt0130620
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0130620
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0235944
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Organization makes 990 available to Board Members who wish to inspect prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflict of interest policy is reviewed annually during board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Organization reimburses management company for payroll related expenses.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Organization reimburses management company for payroll related expenses.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Organization has a copy of 990 available for inspection.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Several Board members share a family relationship.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 2
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05208590
IRS990/TotalAssetsEOYAmt05104122
IRS990/TotalAssetsGrp/BOYAmt05208590
IRS990/TotalAssetsGrp/EOYAmt05104122
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt064321
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0171623
IRS990/TotalFunctionalExpensesGrp/TotalAmt0235944
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05282463
IRS990/TotalLiabilitiesEOYAmt05283319
IRS990/TotalLiabilitiesGrp/BOYAmt05282463
IRS990/TotalLiabilitiesGrp/EOYAmt05283319
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-73873
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-179197
IRS990/TotalProgramServiceExpensesAmt0171623
IRS990/TotalProgramServiceRevenueAmt0130391
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0130620
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0130620
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05208590
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05104122
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0337
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt0337
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-73873
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-179197
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10PO BOX 1254
IRS990/USAddress/City0DUNN
IRS990/USAddress/State0NC
IRS990/USAddress/ZIPCode028335
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DON G WELLONS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09108920436
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine10MAGNOLIA HOUSING INC
ReturnHeader/Filer/BusinessNameControlTxt0MAGN
ReturnHeader/Filer/EIN0273600136
ReturnHeader/Filer/PhoneNum09108920436
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 1254
ReturnHeader/Filer/USAddress/City0DUNN
ReturnHeader/Filer/USAddress/State0NC
ReturnHeader/Filer/USAddress/ZIPCode028335
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10COLLINS KEMP & PATTERSON PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10PO BOX 1105
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0LUMBERTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode028359
ReturnHeader/PreparerPersonGrp/PhoneNum09107381448
ReturnHeader/PreparerPersonGrp/PreparationDt02014-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MATTHEW A PATTERSON CPA
ReturnHeader/ReturnTs02014-05-14T09:24:23-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,104,122
Liabilities
$5,283,319
Net assets
-$179,197
Revenue
$130,620
Expenses
$235,944
Net income
-$105,324
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.90$5.29$1.39$0.27$0.37$0.10
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.00$5.29$1.29$0.26$0.35$0.09
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.11$5.30$1.20$0.24$0.35$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.21$5.30$1.09$0.25$0.35$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.31$5.29$0.98$0.23$0.33$0.11
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.43$5.30$0.88$0.23$0.36$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.54$5.29$0.75$0.21$0.29$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.64$5.30$0.67$0.21$0.32$0.11
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.75$5.30$0.55$0.14$0.27$0.14
2015Detailed filing. Detailed filing data is available for this year.$4.87$5.29$0.42$0.14$0.27$0.13
2014Detailed filing. Detailed filing data is available for this year.$5.00$5.29$0.29$0.14$0.25$0.11
2013Detailed filing. Detailed filing data is available for this year.$5.10$5.28$0.18$0.13$0.24$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.21$5.28$0.07$0.10