Civic Intelligence

Magnolia CDC

990EZ • Fiscal year 2020 • EIN 45-3733905

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 08, 2023

Organization ProfileN/A
5367 I-49 S Service RdOpelousas, LA 70570

(337) 351-0045

Siviq Scores

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

Liabilities / Assets

91st percentile

0.74x

Higher debt load relative to assets than 91% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

88th percentile

0.35x

Higher debt load relative to revenue than 88% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

70th percentile

21%

Higher net margin than 70% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

95th percentile

$65,114

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 57.4% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

98th percentile

937%

Faster asset growth than 98% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

90th percentile

67%

Faster revenue growth than 90% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$53,966

Up $48,763 (+937%) from 2019

Net Assets

$13,781

No earlier filing loaded for comparison.

Liabilities

Up

$40,185

Up $25,025 (+165%) from 2019

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin70th percentile

Revenue

Up

$113,528

Up $45,453 (+67%) from 2019

Expenses

Up

$89,790

Up $10,496 (+13%) from 2019

Net Income

Up

$23,738

Up $34,957 (+312%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$1.0M$500K$0-$500KAssets 2019: $5,203Liabilities 2019: $15,1602019Assets 2020: $53,966Liabilities 2020: $40,185Net Assets 2020: $13,7812020Assets 2021: $29,942Liabilities 2021: $190,116Net Assets 2021: -$160,1742021Assets 2022: $199,041Liabilities 2022: $529,217Net Assets 2022: -$330,1762022Assets 2023: $189,900Liabilities 2023: $614,254Net Assets 2023: -$424,3542023

Highlighted filing

2020

Assets$53,966
Liabilities$40,185
Net Assets$13,781
Open 2020 Filing

Operations Trend

Revenue Growth90th percentile

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

$600K$400K$200K$0-$200KRevenue 2019: $68,075Expenses 2019: $79,294Net Income 2019: -$11,2192019Revenue 2020: $113,528Expenses 2020: $89,790Net Income 2020: $23,7382020Revenue 2021: $53,582Expenses 2021: $227,537Net Income 2021: -$173,9552021Revenue 2022: $382,608Expenses 2022: $552,610Net Income 2022: -$170,0022022Revenue 2023: $98,835Expenses 2023: $193,013Net Income 2023: -$94,1782023

Highlighted filing

2020

Revenue$113,528
Expenses$89,790
Net Income$23,738
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 8, 2023
Return Version
2020v4.0
Gross Receipts
$113,528
Mission and Program Overview

Mission

Housing - renovated and repaired 6 veteran owned homes through the fhlb snap program and the hac ahrv program.

Program Services

DescriptionGrantsExpenses
HOUSING - RENOVATED AND REPAIRED 6 VETERAN OWNED HOMES THROUGH THE FHLB SNAP PROGRAM AND THE HAC AHRV PROGRAM.$89,790$100,226
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
RALPH BROUSSARDExecutive DirectorFT$65,114-$65,114
BRADLEY MAYFIELDVice President-$0--
PAUL SCOTTPresident-$0--
CHARLES MINIEXSecretary-$0--
JULIE MILESDirector-$0--
LEROY WILLIAMSDirector-$0--
CONSTANCE JOHNSONDirector-$0--
NATHAN THORNTONDirector-$0--
JOSEPH PHILLIPSDirector-$0--
Filing and Contact Details

Filer

Filer Name
Magnolia Community Development Corp
EIN
45-3733905
Phone
3373510045
Address
5367 I-49 S SERVICE RD, OPELOUSAS, LA 70570

Signing Officer

Name
Paul Scott
Title
President
Signed
2023-09-08
Discuss with paid preparer
Yes

Preparer

Firm
Going Sebastien Fisher & Lebouef Llp
Address
2811 S UNION ST, OPELOUSAS, LA 70570
Preparer
Craig C Lebouef CPA
Phone
3379423041
Supplemental Narrative

Additional Explanations

Other Expenses.1002

“Office Expenses $1563”

Other Expenses.1005

“Travel $860”

Other Expenses.1008

“Interest $737”

Other Expenses.1012

“Insurance $1275”

Other Expenses.1

“MISC EXPENSE $921”

Other Expenses.2

“Bank Charges $629”

Other Expenses.3

“SNAP COSTS $30”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $0 Accounts Payable and Accrued Expenses - Ending $4517”

Total Liabilities.1007

“Secured Mortgages and Notes Payable - Beginning $5160 Secured Mortgages and Notes Payable - Ending $35416”

Total Liabilities.1008

“Unsecured Notes and Loans Payable - Beginning $10000 Unsecured Notes and Loans Payable - Ending $252”

Raw XML Appendix191 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MISC EXPENSE $921
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Bank Charges $629
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ReturnHeader/ReturnTs02023-09-08T13:08:13-07:00
ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$53,966
Liabilities
$40,185
Net assets
$13,781
Revenue
$113,528
Expenses
$89,790
Net income
$23,738
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.90$6.14$4.24$0.99$1.93$0.94
2022Detailed filing. Detailed filing data is available for this year.$1.99$5.29$3.30$3.83$5.53$1.70
2021Detailed filing. Detailed filing data is available for this year.$0.30$1.90$1.60$0.54$2.28$1.74
2020Detailed filing. Detailed filing data is available for this year.$0.54$0.40$0.14$1.14$0.90$0.24
2019Summary only. Only limited summary data is available for this year.$0.05$0.15$0.68$0.79$0.11