MAGNOLIA TOWERS INC

EIN: 591115878 501(c)(3) Housing & Shelter

ORLANDO, FL

Total Revenue
$1,682,942
Total Expenses
$1,877,221
Total Assets
$3,454,619
Net Assets
$-1,591,909
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
FL
Principal Officer
JENNIFER MARTENS
Phone
4078395050
Tax Period
2024-07-01 to 2025-06-30

MAGNOLIA TOWERS INC, founded in 1964, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2024. Expenses of $1.9M exceeded revenue, resulting in a 12% operating deficit.

Mission

WE 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.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,946
Program Service Revenue $1,675,937
Investment Income $59
Other Revenue $0
TOTAL REVENUE $1,682,942

Expense Breakdown

Grants Paid $0
Salaries & Benefits $534,796
Fundraising Expenses $0
Program Expenses $1,877,221
Other Expenses $1,342,425
TOTAL EXPENSES $1,877,221

Year-over-Year Comparison

2024 2023 Change
Revenue $1,682,942 $1,585,069 +0.1%
Expenses $1,877,221 $1,717,666 +0.1%
Net Income $-194,279 $-132,597 +0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
11
Volunteers
N/A

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
8
$2,907,444
Total Directors
8
$2,226,309
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONALD DODDRIDGE CHAIRMAN N/A
Officer Director
$0 $0 $0
JOHN HILLENMEYER CHAIRMAN N/A
Officer Director
$0 $0 $0
TERENCE ROGERS CEO/PRESIDEN N/A
Officer Director
$0 $33,597 $1,209,980
HENRY KEITH CEO/PRESIDEN N/A
Officer Director
$0 $32,133 $714,829
HENRY KEITH CFO/TREASUR/ N/A
Officer Director
$0 $0 $0
GARRY HENNIS COO/EXECUTIV N/A
Officer
$0 $32,799 $681,135
JENNIFER MARTENS CFO/TREASUR/ N/A
Officer Director
$0 $26,215 $301,500
MEGAN FAUBEL SECRETARY N/A
Officer
$0 $0 $0
LINDA SHELLEY DIRECTOR N/A
Director
$0 $0 $0
JOHN DEBEVOISE DIRECTOR N/A
Director
$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
2025 $1,682,942 $1,877,221 $3,454,619 $-194,279
2024 No data No data No data No data
2023 $1,325,497 $1,704,890 $3,314,666 $-379,393
2022 $1,187,477 $1,335,520 $3,189,456 $-148,043
2021 $1,125,629 $1,334,085 $3,326,112 $-208,456
2020 $992,813 $987,719 $3,076,328 $5,094
2019 $708,051 $878,798 $2,253,732 $-170,747
2018 $608,183 $911,410 $1,439,974 $-303,227
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