Magnolia Manor Inc
- Assets
- $101.7m
- Revenue
- $33.3m
- Investments
- $0.0
- Employees
- 507
- Location
- Americus, GA
- Founding
- 11/1962
- Data as of
- 06/2022
- 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 06/2022, Magnolia Manor Inc employed 507 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 06/2022, Magnolia Manor Inc generated $33.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $32.6m during the year ending 06/2022. While expenses have increased by 2.1% 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
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 Johnson Board Of Trustee Chairman | OfficerTrustee | 1 | $0 |
Chuck Reeves Board Of Trustee Vice Chairman | OfficerTrustee | 1 | $0 |
Jean Wheeler Board Of Trustee Secretary | OfficerTrustee | 1 | $0 |
Hal Weathers Board Trustee | Trustee | 1 | $0 |
Edie Vinson Board Trustee | Trustee | 1 | $0 |
Will Peterson Board Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Piedmont Construction Construction Services | 6/29/22 | $4,391,300 |
Chris R Sheridan & Co Maintenance/construction | 6/29/22 | $2,607,494 |
Accountable Healthcare Staffing Nursing Contract Services | 6/29/22 | $1,088,051 |
Simply Elegant Landscaping Grounds Servicing | 6/29/22 | $216,890 |
Solution Advisors Consulting | 6/29/22 | $373,496 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,750 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $990,998 |
| Noncash contributions included in lines 1a–1f | $41,685 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $995,748 |
| Total Program Service Revenue | $23,189,205 |
| Investment income | $1,400,931 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,045 |
| Net Gain/Loss on Asset Sales | $2,464,823 |
| Net Income from Fundraising Events | $120,078 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$809 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,272,990 |
| 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. | $1,371,969 |
| Compensation of current officers, directors, key employees. | $1,371,969 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,237,479 |
| Pension plan accruals and contributions | $225,199 |
| Other employee benefits | $1,893,116 |
| Payroll taxes | $876,564 |
| Fees for services: Management | $1,945,368 |
| Fees for services: Legal | $163,633 |
| Fees for services: Accounting | $106,820 |
| Fees for services: Lobbying | $48,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,339,970 |
| Advertising and promotion | $273,160 |
| Office expenses | -$177,415 |
| Information technology | $84,519 |
| Royalties | $0 |
| Occupancy | $1,830,248 |
| Travel | $361,027 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $807,937 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,288,374 |
| Insurance | $1,114,429 |
| All other expenses | $129,308 |
| Total functional expenses | $32,612,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,389,445 |
| Savings and temporary cash investments | $15,844,494 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $372,020 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,576,426 |
| Inventories for sale or use | $50,922 |
| Prepaid expenses and deferred charges | $139,633 |
| Net Land, buildings, and equipment | $37,842,910 |
| Investments—publicly traded securities | $30,280,327 |
| Investments—other securities | $0 |
| Investments—program-related | $441,346 |
| Intangible assets | $0 |
| Other assets | $12,782,591 |
| Total assets | $101,720,114 |
| Accounts payable and accrued expenses | $4,193,480 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $6,351,036 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,103,868 |
| Unsecured mortgages and notes payable | $19,322,111 |
| Other liabilities | $22,163,364 |
| Total liabilities | $53,133,859 |
| Net assets without donor restrictions | $44,929,311 |
| Net assets with donor restrictions | $3,656,944 |
| 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 | $101,720,114 |