Magnificat Houses Inc
- Assets
- $4.5m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 20
- Location
- Houston, TX
- Founding
- 02/1969
- Data as of
- 06/2022
- EIN
- 23-7003471
Organization Overview
Magnificat Houses Inc is located in Houston, TX. The organization was established in 1969. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2022, Magnificat Houses Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magnificat Houses Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Magnificat Houses Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $2.9m during the year ending 06/2022. While expenses have increased by 4.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MAGNIFICAT HOUSES, INC. OFFERS A WELCOMING COMMUNITY WHERE THOSE NEEDING HOUSING, FOOD AND MENTAL HEALTH PROGRAMS CAN GROW IN STABILITY, PRODUCTIVITY AND INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WORKS TO REBUILD LIVES IN A STABLE FAMILY ATMOSPHERE WHERE RESIDENTS LIVE, WORK AND PLAY TOGETHER. ALTOGETHER, OUR 16 SAFE, DIGNIFIED NEIGHBORHOOD HOMES HOUSE UP TO 170 MEN AND WOMEN. THROUGH PARTICIPATION IN OUR COMMUNITY AND OUR PROGRAMS, RESIDENTS WORK TOWARD STABILITY AND, IF POSSIBLE, FULL INDEPENDENCE. THE ORGANIZATION PROVIDES EMERGENCY RESIDENCES FOR 1 TO 90 NIGHTS, PERMANENT SUPPORTIVE HOMES AND SINGLE OCCUPANCY UNITS. RESIDENTS SHARE HOUSEHOLD CHORES AND RESPONSIBILITIES, RESPECT ONE ANOTHER'S TRADITIONS, CELEBRATE HOLIDAYS AND BIRTHDAYS TOGETHER, AND PARTICIPATE IN DAY TRIPS.
THE ORGANIZATION OPERATES A RETAIL TRAINING CENTER AND OTHER ACTIVITIES TO ASSIST IN PROVIDING REHABILITATION AND LIFE SKILLS TO RESIDENTS.
LOAVES & FISHES IS A LARGE SOUP KITCHEN IN DOWNTOWN HOUSTON WHERE 200 TO 300 OF HOUSTON'S CHRONICALLY HUNGRY GATHER SIX DAYS A WEEK FOR NUTRITIOUS, HOT, HOME-COOKED LUNCHES COOKED BY OUR STAFF AND SERVED BY VOLUNTEERS.
WE OFFER UPLIFTING, EMPOWERING PROGRAMS FOR THOSE WITH MENTAL HEALTH DIAGNOSIS THROUGH ST. JOSEPH CLUBHOUSE (LOCATED IN MIDTOWN HOUSTON) WHICH IS SAMHSA APPROVED AND CERTIFIED BY THE INTERNATIONAL CENTER FOR CLUBHOUSE DEVELOPMENT (ICCD). IN THE COMMUNITY WE BUILD, OUR MEMBERS PARTICIPATE FULLY IN DAILY OPERATIONS AND DECISION MAKING AND DEMONSTRATE THAT MENTAL ILLNESS NEED NOT CARRY A STIGMA - THAT, GIVEN THE TOOLS, PEOPLE WITH MENTAL HEALTH CONCERNS CAN BE PRODUCTIVE MEMBERS OF SOCIETY WITH MUCH TO OFFER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grant Kennedy Chairman | OfficerTrustee | 2 | $0 |
Ed Cordes Vice Chairman | OfficerTrustee | 3 | $0 |
Kimberly Dennison Treasurer | OfficerTrustee | 2 | $0 |
Abigail Gunderson Secretary | OfficerTrustee | 1 | $0 |
Mitch Ackal III Director | Trustee | 0.5 | $0 |
Joanna Bruce Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $65,130 |
| Related organizations | $103,956 |
| Government grants | $282,893 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,751,004 |
| Noncash contributions included in lines 1a–1f | $870,977 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,202,983 |
| Total Program Service Revenue | $227,137 |
| Investment income | $15,879 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$15,098 |
| Net Income from Fundraising Events | $587 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,431,488 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $709,435 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $147,820 |
| Compensation of current officers, directors, key employees. | $92,128 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $687,432 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $63,668 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $202,696 |
| Fees for services: Accounting | $22,864 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,333 |
| Fees for services: Other | $158,580 |
| Advertising and promotion | $0 |
| Office expenses | $37,353 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $159,551 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $154,977 |
| Insurance | $160,430 |
| All other expenses | $0 |
| Total functional expenses | $2,879,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,622 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $259,622 |
| Accounts receivable, net | $21,622 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,000 |
| Prepaid expenses and deferred charges | $19,086 |
| Net Land, buildings, and equipment | $3,493,822 |
| Investments—publicly traded securities | $417,146 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,640 |
| Total assets | $4,452,560 |
| Accounts payable and accrued expenses | $43,778 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $12,209 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $55,987 |
| Net assets without donor restrictions | $4,352,727 |
| Net assets with donor restrictions | $43,846 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,452,560 |