Magnolia Housing Inc
Donations deductibleRevenue
$268k
year to 31 December 2025
Expenses
$384k
year to 31 December 2025
Total assets
$3.8m
$5.3m liabilities
Net assets
Minus $1.5m
assets less liabilities
Directors and trustees
5
6.6y av
Staff
0
employees, year to 31 December 2025
Left since last filing
0
no seats appear to have opened
Voting members
5
reported in Part VI
Magnolia Housing Inc's network
5 peoplei5 people on this map.The large node is the subject of this page. Solid lines are what the register itself records (5). Form 990 filings give names without a person identifier; SEC insider filings carry a CIK.The board
5 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations.Tenure and departures are observed across annual filings. Observed tenure is a lower bound - a member may have joined before the first year on record. The organisation reported 5 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Andrea C Howard | Secretary/Treasurer/Director | 2022 | 4 yrs |
| Don G Wellons | President/Director | 2018 | 8 yrs |
| Gene T Jernigan | Assistant Sec./Director | 2018 | 8 yrs |
| Lauren W White | Vice Pres/Director | 2023 | 3 yrs |
| Sylvia W Craft | Director | 2018 | 8 yrs |
Under 5 years5 to 6 years6 years or more
Pay and hours
year to 31 December 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Don G Wellons | President/Director | 2 | $0 | ||
| Lauren W White | Vice Pres/Director | 2 | $0 | ||
| Andrea C Howard | Secretary/Treasurer/Director | 2 | $0 | ||
| Gene T Jernigan | Assistant Sec./Director | 2 | $0 | ||
| Sylvia W Craft | Director | 2 | $0 |
No pay was reported for anyone in Part VII on this return.
About
- Legal name
- Magnolia Housing Inc
- EIN
- 273600136
- Address
- Po Box 1254, Dunn, NC, 28335-1254
- State
- North Carolina
- Mission
- Reduced rent housing for the elderly (as filed on the Form 990)
- Activity (NTEE)
- L22 Housing and shelter
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Housing & Shelter
- Size band
- 6 (IRS master file code)
- Formed
- 2010
- Principal officer
- Don G Wellons (as named on the Form 990)
- IRS ruling date
- 1 May 2011
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 7, latest 2024
- IRS Publication 78
- PC (contributions deductible)
Most connected
Longest observed on the filings
≥8years on the filingsDon G Wellons
≥8years on the filingsGene T Jernigan
≥8years on the filingsSylvia W Craft
≥4years on the filingsAndrea C Howard
Latest return
year to 31 December 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2025. US dollars, as filed.- Total assets
- $3.8m
- Total liabilities
- $5.3m
- Net assets or fund balances
- Minus $1.5m
- Contributions and grants received
- $0
- Program service revenue
- $267k
- Employees
- 0
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $268k | $368k | Deficit $100k |
As filed on the IRS Form 990. US dollars.