MAGNOLIA HOUSING INC

EIN: 521795395 501(c)(3) Housing & Shelter

NORTH BETHESDA, MD

Total Revenue
$1,178,678
Total Expenses
$9,837,773
Total Assets
$6,233,975
Net Assets
$-531,104
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
MD
Principal Officer
TODD TRAVIS
Phone
3019980400
Tax Period
2021-01-01 to 2021-12-31

MAGNOLIA HOUSING INC, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2021. Revenue decreased 14% compared to the prior year. Expenses of $9.8M exceeded revenue, resulting in a 735% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME INDIVIDUALS AND THEIR FAMILIES

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $835,230
Program Service Revenue $343,430
Investment Income $18
Other Revenue $0
TOTAL REVENUE $1,178,678

Expense Breakdown

Grants Paid $8,656,477
Salaries & Benefits $140,751
Fundraising Expenses $0
Program Expenses $9,754,776
Other Expenses $1,040,545
TOTAL EXPENSES $9,837,773

Year-over-Year Comparison

2021 2020 Change
Revenue $1,178,678 $1,372,620 -0.1%
Expenses $9,837,773 $1,129,934 +7.7%
Net Income $-8,659,095 $242,686 -36.7%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
2

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARC WELLER DIRECTOR 1.00
Director
$0 $0 $0
ROBERT CUSTER DIRECTOR 1.00
Director
$0 $0 $0
TODD TRAVIS PRESIDENT 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 No data No data No data No data
2022 No data No data No data No data
2021 $1,178,678 $9,837,773 $6,233,975 $-8,659,095
2020 $1,372,620 $1,129,934 $15,066,702 $242,686
2019 $1,099,683 $1,976,335 $6,288,216 $-876,652
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