Florida · Nonprofit
MAGNOLIA TOWERS INC
MAGNOLIA TOWERS INC (Florida) receives grants from 1 organization whose IRS filings report $0 to it, the largest being SECOND HARVEST FOOD BANK OF CENTRAL FLORIDA INC ($0). 0 of them have funded it in more than one year.
- Revenue FY2025
- $1.7M
- Funders on record
- 1
- Grants received
- $0
- Net assets
- $-1591909
What Magnolia Towers Inc does
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.
As stated on its FY2025 Form 990.
Program
Providing housing for the low income elderly. The organization operates a 156 unit facility.
$1,877,221 spent$1,675,937 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $1,877,221.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $2.3M to $3.1M (+36%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
0% of MAGNOLIA TOWERS INC’s revenue is contributions — about as donation-reliant as the typical peer (39% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 8 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Against its field
MAGNOLIA TOWERS INC has grown faster than half of the 2,196 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 2,196 housing & shelter nonprofits $1M–$10M, FY2025
Government funding MAGNOLIA TOWERS INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $320 on record.
- REFUNDS - GENERAL $320
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like MAGNOLIA TOWERS INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Florida
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
100% of spending goes to programs.
Governance
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Part of a family of 25 related entities
- Asbury Arms North Inc · exempt
- Asbury Arms Inc · exempt
- College Arms Towers Inc · exempt
- Florida Presbyterian Homes Inc · exempt
- Gateway Terrace Inc · exempt
Screen this organization
A dated, signed PDF of the compliance screen for MAGNOLIA TOWERS INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds MAGNOLIA TOWERS INC?
- MAGNOLIA TOWERS INC (Florida) receives grants from 1 organization whose IRS filings report $0 to it, the largest being SECOND HARVEST FOOD BANK OF CENTRAL FLORIDA INC ($0). 0 of them have funded it in more than one year.
- How many funders does MAGNOLIA TOWERS INC have?
- IRS filings report 1 organization giving $0 in grants to MAGNOLIA TOWERS INC.
- Who is the largest funder of MAGNOLIA TOWERS INC?
- SECOND HARVEST FOOD BANK OF CENTRAL FLORIDA INC is the largest funder on record, with $0 in grants. The full list of funders is on this page.
- How can an organization like MAGNOLIA TOWERS INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Florida. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing