Magnolia Manor Inc
- Assets
- $105.2m
- Revenue
- $36.0m
- Investments
- $0.0
- Employees
- 570
- Location
- Americus, GA
- Founding
- 11/1962
- Data as of
- 06/2021
- EIN
- 58-0911706
Organization Overview
Magnolia Manor Inc is located in Americus, GA. The organization was established in 1962. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 06/2021, Magnolia Manor Inc employed 570 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magnolia Manor 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 06/2021, Magnolia Manor Inc generated $36.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $33.0m during the year ending 06/2021. While expenses have increased by 2.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED TO PROVIDE AFFORDABLE HOUSING AND LONG-TERM CARE AND ASSISTED LIVING TO THE ELDERLY IN A SPIRITUAL SETTING. THE CORPORATION OPERATES A LONG-TERM CARE FACILITY, FIVE RETIREMENT COMMUNITIES AND SEVERAL MORE INDEPENDENT LIVING APARTMENT COMPLEXES THROUGHOUT SOUTH AND MIDDLE GEORGIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES RESIDENTIAL SERVICES TO THE SICK AND AGED IN A SPIRITUAL SETTING. THE ORGANIZATION PROVIDES THESE SERVICES THROUGH THE OPERATION AND LONG-TERM CARE AND ASSISTED AND INDEPENDENT LIVING FACILITIES. THE ORGANIZATION OPERATES 268 LONG-TERM SKILLED NURSING BEDS AND APPROXIMATELY 600 ASSISTED LIVING AND INDEPENDENT LIVING BEDS IN SEVERAL FACILITIES THROUGHOUT THE STATE OF GEORGIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Todd CEO | Officer | 40 | $323,829 |
Hillery Fort COO | Officer | 40 | $230,445 |
Scott Adkins CFO | Officer | 40 | $191,813 |
Diane Harrison VP Of Human Resources | Officer | 40 | $181,924 |
Stephen Vinson VP Of Communications | 40 | $139,180 | |
Susan Fussell Facility Administrator | 40 | $134,063 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chris R Sheridan & Co Maintenance/construction | 6/29/21 | $2,871,150 |
Piedmont Construction Construction Services | 6/29/21 | $4,195,630 |
Pickle Construction Llc Maintenance/repairs/renovations | 6/29/21 | $625,560 |
Accountable Healthcare Staffing Nursing Contract Services | 6/29/21 | $717,068 |
Solution Advisors Consulting | 6/29/21 | $377,566 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $32,847 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $755,085 |
| Noncash contributions included in lines 1a–1f | $5,092 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $787,932 |
| Total Program Service Revenue | $24,637,014 |
| Investment income | $1,557,028 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,768,396 |
| Net Income from Fundraising Events | $47,723 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$525 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,011,404 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,048,512 |
| Compensation of current officers, directors, key employees. | $1,048,512 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,301,527 |
| Pension plan accruals and contributions | $211,694 |
| Other employee benefits | $1,901,600 |
| Payroll taxes | $913,634 |
| Fees for services: Management | $2,213,151 |
| Fees for services: Legal | $133,193 |
| Fees for services: Accounting | $66,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,619,174 |
| Advertising and promotion | $245,700 |
| Office expenses | $988,172 |
| Information technology | $42,852 |
| Royalties | $0 |
| Occupancy | $1,787,790 |
| Travel | $253,759 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,248,620 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,408,691 |
| Insurance | $938,785 |
| All other expenses | $72,196 |
| Total functional expenses | $33,041,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,740,397 |
| Savings and temporary cash investments | $5,966,426 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,004,456 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,605,155 |
| Inventories for sale or use | $51,947 |
| Prepaid expenses and deferred charges | $88,702 |
| Net Land, buildings, and equipment | $34,849,485 |
| Investments—publicly traded securities | $43,777,761 |
| Investments—other securities | $0 |
| Investments—program-related | $484,556 |
| Intangible assets | $0 |
| Other assets | $11,627,250 |
| Total assets | $105,196,135 |
| Accounts payable and accrued expenses | $4,413,436 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $6,787,164 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,139,453 |
| Unsecured mortgages and notes payable | $19,658,232 |
| Other liabilities | $14,917,956 |
| Total liabilities | $46,916,241 |
| Net assets without donor restrictions | $54,856,603 |
| Net assets with donor restrictions | $3,423,291 |
| 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 | $105,196,135 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Magnolia Manor Inc has recieved totaling $163,531.
| Awarding Organization | Amount |
|---|---|
Wm I H & Lula E Pitts Foundation Orlando, FL PURPOSE: GENERAL OPERATING | $50,000 |
Soma Foundation Inc Columbus, GA PURPOSE: FINANCIAL SUPPORT | $50,000 |
Mattie H Marshall Foundation Trust Orlando, FL PURPOSE: MARSHALL MEMORY CARE CENTER | $30,000 |
Luray S Ward Charitable Rem Irrev Tua Tr 60 01 103 8408379 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $13,765 |
Dorothy T Martin Tr Uw Columbus, GA PURPOSE: GENERAL SUPPORT | $13,680 |
Halsey Family Foundation Saint Marys, GA PURPOSE: MISSIONS AND BENEVOLENCES | $5,000 |
Endowment Analysis
| Beg. Balance | $4,739,719 |
| Earnings | $1,372,072 |
| Admin Expense | $180,627 |
| Ending Balance | $5,931,164 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian & Missionary Alliance Foundation Inc Fort Myers, FL | $765,754,381 | $132,801,678 |
Miami Jewish Health Systems Inc Miami, FL | $91,015,655 | $95,541,241 |
The Moorings Incorporated Naples, FL | $850,838,065 | $103,391,616 |
Cornerstone Hospice & Palliative Care Inc Tavares, FL | $81,907,139 | $88,879,858 |
Lutheran Homes Of South Carolina Inc Irmo, SC | $120,175,361 | $78,300,034 |
John Knox Village Of Florida Inc Pompano Beach, FL | $388,984,733 | $61,308,689 |
Presbyterian Communities Of South Carolina Columbia, SC | $133,476,143 | $58,903,174 |
Givens Estates Inc Asheville, NC | $338,452,219 | $72,683,846 |
Naval Continuing Care Retirement Foundation Inc Atlantic Beach, FL | $325,372,144 | $53,968,868 |
Methodist Home For The Aging Birmingham, AL | $118,213,803 | $51,510,138 |
Presbyterian Homes Inc Colfax, NC | $256,348,828 | $62,438,008 |
Aldersgate United Methodist Retirement Community Inc Charlotte, NC | $165,248,151 | $44,725,662 |