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Employer Identification Number 59-1115878

MAGNOLIA TOWERS INC is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:MAGNOLIA TOWERS INC
Employer identification number (EIN):59-1115878
EIN Issuing AuthorityBrookhaven, NY
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementWE 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.
Number of Employees9
Number of Volunteers5
Year Formed1964

Organization Governance

Legal DomicileFL
Voting Members - Governing Body5
Voting Members - Independent5

Organization Financials

2023-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,187,401
Program Service Revenue from current yearUSD $ 1,327,834
Investment Income from current yearUSD $ -2,973
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 1,328,660
Net assets / fund balances at end of fiscal yearUSD $ -1,265,033
Net assets / fund balances at beginning of fiscal yearUSD $ -885,640
Total liabilities at end of fiscal yearUSD $ 4,579,699
Total liabilities at beginning of fiscal yearUSD $ 4,075,096
Total assets at end of fiscal yearUSD $ 3,314,666
Total assets at beginning of fiscal yearUSD $ 3,189,456
Revenues less expenses for current yearUSD $ -379,393
Revenues less expenses for previous yearUSD $ -148,043
Total expenses for current yearUSD $ 1,704,890
Total expenses for previous yearUSD $ 1,335,520
Other expenses in current yearUSD $ 1,274,237
Other expenses in previous yearUSD $ 1,048,004
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 430,653
Employee salary and benefits paid in previous yearUSD $ 287,516
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,325,497
Total revenue in previous fiscal yearUSD $ 1,187,477
Contributions and grants from current yearUSD $ 636
Contributions and grants from previous yearUSD $ 76
2022-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,125,020
Program Service Revenue from current yearUSD $ 1,187,401
Investment Income from current yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 1,187,477
Net assets / fund balances at end of fiscal yearUSD $ -885,640
Net assets / fund balances at beginning of fiscal yearUSD $ -737,597
Total liabilities at end of fiscal yearUSD $ 4,075,096
Total liabilities at beginning of fiscal yearUSD $ 4,063,709
Total assets at end of fiscal yearUSD $ 3,189,456
Total assets at beginning of fiscal yearUSD $ 3,326,112
Revenues less expenses for current yearUSD $ -148,043
Revenues less expenses for previous yearUSD $ -208,456
Total expenses for current yearUSD $ 1,335,520
Total expenses for previous yearUSD $ 1,334,085
Other expenses in current yearUSD $ 1,048,004
Other expenses in previous yearUSD $ 1,047,002
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 287,516
Employee salary and benefits paid in previous yearUSD $ 287,083
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,187,477
Total revenue in previous fiscal yearUSD $ 1,125,629
Contributions and grants from current yearUSD $ 76
Contributions and grants from previous yearUSD $ 609
2021-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 989,962
Program Service Revenue from current yearUSD $ 1,125,020
Investment Income from current yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 1,125,629
Net assets / fund balances at end of fiscal yearUSD $ -737,597
Net assets / fund balances at beginning of fiscal yearUSD $ -529,141
Total liabilities at end of fiscal yearUSD $ 4,063,709
Total liabilities at beginning of fiscal yearUSD $ 3,605,469
Total assets at end of fiscal yearUSD $ 3,326,112
Total assets at beginning of fiscal yearUSD $ 3,076,328
Revenues less expenses for current yearUSD $ -208,456
Revenues less expenses for previous yearUSD $ 5,094
Total expenses for current yearUSD $ 1,334,085
Total expenses for previous yearUSD $ 987,719
Other expenses in current yearUSD $ 1,047,002
Other expenses in previous yearUSD $ 784,140
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 287,083
Employee salary and benefits paid in previous yearUSD $ 203,579
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,125,629
Total revenue in previous fiscal yearUSD $ 992,813
Contributions and grants from current yearUSD $ 609
Contributions and grants from previous yearUSD $ 2,851
2020-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 708,051
Program Service Revenue from current yearUSD $ 989,962
Investment Income from current yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 992,813
Net assets / fund balances at end of fiscal yearUSD $ -529,141
Net assets / fund balances at beginning of fiscal yearUSD $ -534,235
Total liabilities at end of fiscal yearUSD $ 3,605,469
Total liabilities at beginning of fiscal yearUSD $ 2,787,967
Total assets at end of fiscal yearUSD $ 3,076,328
Total assets at beginning of fiscal yearUSD $ 2,253,732
Revenues less expenses for current yearUSD $ 5,094
Revenues less expenses for previous yearUSD $ -170,747
Total expenses for current yearUSD $ 987,719
Total expenses for previous yearUSD $ 878,798
Other expenses in current yearUSD $ 784,140
Other expenses in previous yearUSD $ 694,894
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 203,579
Employee salary and benefits paid in previous yearUSD $ 183,904
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 992,813
Total revenue in previous fiscal yearUSD $ 708,051
Contributions and grants from current yearUSD $ 2,851
2019-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 612,961
Program Service Revenue from current yearUSD $ 708,051
Investment Income from prior yearUSD $ -5,208
Investment Income from current yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 708,051
Net assets / fund balances at end of fiscal yearUSD $ -534,235
Net assets / fund balances at beginning of fiscal yearUSD $ -363,488
Total liabilities at end of fiscal yearUSD $ 2,787,967
Total liabilities at beginning of fiscal yearUSD $ 1,803,462
Total assets at end of fiscal yearUSD $ 2,253,732
Total assets at beginning of fiscal yearUSD $ 1,439,974
Revenues less expenses for current yearUSD $ -170,747
Revenues less expenses for previous yearUSD $ -303,227
Total expenses for current yearUSD $ 878,798
Total expenses for previous yearUSD $ 911,410
Other expenses in current yearUSD $ 694,894
Other expenses in previous yearUSD $ 673,452
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 183,904
Employee salary and benefits paid in previous yearUSD $ 237,958
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 708,051
Total revenue in previous fiscal yearUSD $ 608,183
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 430
2018-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 675,022
Program Service Revenue from current yearUSD $ 612,961
Investment Income from prior yearUSD $ -2,102
Investment Income from current yearUSD $ -5,208
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 613,391
Net assets / fund balances at end of fiscal yearUSD $ -363,488
Net assets / fund balances at beginning of fiscal yearUSD $ -60,261
Total liabilities at end of fiscal yearUSD $ 1,803,462
Total liabilities at beginning of fiscal yearUSD $ 1,322,686
Total assets at end of fiscal yearUSD $ 1,439,974
Total assets at beginning of fiscal yearUSD $ 1,262,425
Revenues less expenses for current yearUSD $ -303,227
Revenues less expenses for previous yearUSD $ -239,876
Total expenses for current yearUSD $ 911,410
Total expenses for previous yearUSD $ 915,280
Other expenses in current yearUSD $ 673,452
Other expenses in previous yearUSD $ 652,136
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 237,958
Employee salary and benefits paid in previous yearUSD $ 263,144
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 608,183
Total revenue in previous fiscal yearUSD $ 675,404
Contributions and grants from current yearUSD $ 430
Contributions and grants from previous yearUSD $ 2,484
2017-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 781,043
Program Service Revenue from current yearUSD $ 675,022
Investment Income from prior yearUSD $ -1,172
Investment Income from current yearUSD $ -2,102
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 677,506
Net assets / fund balances at end of fiscal yearUSD $ -60,261
Net assets / fund balances at beginning of fiscal yearUSD $ 179,615
Total liabilities at end of fiscal yearUSD $ 1,322,686
Total liabilities at beginning of fiscal yearUSD $ 1,025,012
Total assets at end of fiscal yearUSD $ 1,262,425
Total assets at beginning of fiscal yearUSD $ 1,204,627
Revenues less expenses for current yearUSD $ -239,876
Revenues less expenses for previous yearUSD $ -180,416
Total expenses for current yearUSD $ 915,280
Total expenses for previous yearUSD $ 960,287
Other expenses in current yearUSD $ 652,136
Other expenses in previous yearUSD $ 689,904
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 263,144
Employee salary and benefits paid in previous yearUSD $ 270,383
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 675,404
Total revenue in previous fiscal yearUSD $ 779,871
Contributions and grants from current yearUSD $ 2,484
2016-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 774,254
Program Service Revenue from current yearUSD $ 781,043
Investment Income from prior yearUSD $ -10,442
Investment Income from current yearUSD $ -1,172
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 781,043
Net assets / fund balances at end of fiscal yearUSD $ 179,615
Net assets / fund balances at beginning of fiscal yearUSD $ 360,031
Total liabilities at end of fiscal yearUSD $ 1,025,012
Total liabilities at beginning of fiscal yearUSD $ 957,383
Total assets at end of fiscal yearUSD $ 1,204,627
Total assets at beginning of fiscal yearUSD $ 1,317,414
Revenues less expenses for current yearUSD $ -180,416
Revenues less expenses for previous yearUSD $ -252,095
Total expenses for current yearUSD $ 960,287
Total expenses for previous yearUSD $ 1,015,907
Other expenses in current yearUSD $ 689,904
Other expenses in previous yearUSD $ 684,442
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 270,383
Employee salary and benefits paid in previous yearUSD $ 331,465
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 779,871
Total revenue in previous fiscal yearUSD $ 763,812
Contributions and grants from current yearUSD $ 0
2015-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 734,209
Program Service Revenue from current yearUSD $ 774,254
Investment Income from prior yearUSD $ -12,989
Investment Income from current yearUSD $ -10,442
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 774,354
Net assets / fund balances at end of fiscal yearUSD $ 360,031
Net assets / fund balances at beginning of fiscal yearUSD $ 612,126
Total liabilities at end of fiscal yearUSD $ 957,383
Total liabilities at beginning of fiscal yearUSD $ 857,964
Total assets at end of fiscal yearUSD $ 1,317,414
Total assets at beginning of fiscal yearUSD $ 1,470,090
Revenues less expenses for current yearUSD $ -252,095
Revenues less expenses for previous yearUSD $ -246,634
Total expenses for current yearUSD $ 1,015,907
Total expenses for previous yearUSD $ 967,905
Other expenses in current yearUSD $ 684,442
Other expenses in previous yearUSD $ 643,003
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 331,465
Employee salary and benefits paid in previous yearUSD $ 324,902
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 763,812
Total revenue in previous fiscal yearUSD $ 721,271
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 51

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 591115878

USA Mailing Address
80 WEST LUCERNE CIRCLE
ORLANDO
FL
32801
Date first seen: 2007-01-01
Date last seen: 2024-06-30

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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