Magnolia Housing Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,359,359 | 1,912,924 | 446,435 | -26.6 | 10% |
| 2012 | 2,411,180 | 2,415,513 | −4,333 | -56.8 | 7% |
| 2013 | 2,419,376 | 3,046,802 | −627,426 | -47.5 | 6% |
| 2014 | 2,423,997 | 2,783,610 | −359,613 | -53.6 | 5% |
| 2015 | 1,820,237 | 5,463,280 | −3,643,043 | 0.9 | 3% |
| 2016 | 25,884 | 423,174 | −397,290 | 0.0 | 0% |
| 2017 | 0 | 0 | 0 | — | — |
| 2018 | 18 | 18 | 0 | 0.0 | — |
| 2019 | 1,099,683 | 1,976,335 | −876,652 | -3.1 | 5% |
| 2020 | 1,372,620 | 1,129,934 | 242,686 | 87.8 | 10% |
| 2021 | 1,178,678 | 9,837,773 | −8,659,095 | -0.6 | 1% |
In its most recent public year (2021), this organization spent $8,659,095 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.6 months), up from -26.6 in 2011. Staff pay was 1% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2021. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Magnolia Housing Inc's IRS filings as a feed — one entry per filing year, through 2021. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works