Mission
Low Income Rental Housing-Elderly
Public Charity
Magnolia Gardens Inc
Based in Norfolk, VA, Magnolia Gardens Inc operates as a Public Charity. The organization reported $720K in revenue, $722K in expenses, $2.0M in total assets for fiscal year 2025.
EIN: 541879770
Norfolk, VA
Botanical Gardens & Arboreta
NTEE: C41
Latest filing: 2025
Total Revenue$720K
Total Expenses$722K
Total Assets$2.0M
Grant Records0
Filing Years2021–2025
Where $100 goes at Magnolia Gardens Inc
How Magnolia Gardens Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$90
Programs
the work itself
$10
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $90 for programs
$90
Low Income Rental Housing-Elderly
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
0
0
Secretary
Emmett Pate
Treasurer
Eugene Denardi
Vice President
Lynne Pipis
President
Richard Bridgford
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $720K | $722K | $2.0M |
| 2024 | $532K | $668K | $2.0M |
| 2023 | $500K | $655K | $2.1M |
| 2022 | $477K | $592K | $2.2M |
| 2021 | $440K | $578K | $2.3M |
Between 2021 and 2025, reported annual revenue grew from $440K to $720K (+64%), with total assets most recently reported at $2.0M.
Interactive year-over-year charts and full filing details available with membership.