Magnolia Manor Of St Simons Inc
- Assets
- $1.2m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 117
- Location
- Americus, GA
- Founding
- 05/2005
- Data as of
- 06/2022
- EIN
- 20-1364957
Organization Overview
Magnolia Manor Of St Simons Inc is located in Americus, GA. The organization was established in 2005. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Magnolia Manor Of St Simons Inc employed 117 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magnolia Manor Of St Simons 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 Of St Simons Inc generated $8.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $9.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. 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 RESIDENTIAL AND LONG-TERM CARE SERVICES TO THE SICK AND ELDERLY IN A SPIRTUAL SETTING. THE MISSION IS ACCOMPLISHED THROUGH THE OPERATION OF A 125-BED LONG TERM CARE FACILITY AND A 94-UNIT RETIREMENT COMMUNITY LOCATED ON ST. SIMON'S ISLAND, GEORGIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION PROVIDED RESIDENTIAL SERVICES TO THE SICK AND AGED THROUGH THE OPERATION OF A 125-BED LONG TERM CARE FACILITY AND A 94-BED RETIREMENT COMMUNITY LOCATED IN ST. SIMONS, GEORGIA. THE CORPORATION PROVIDED APPROXIMATELY 93,106 PATIENT DAYS OF SERVICE DURING THE YEAR.
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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 Chai | 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 |
|---|---|---|
Metz Culinary Management Dietary Services | 6/29/17 | $1,270,878 |
Magnolia Manor Rehabilitation Therapy Services | 6/29/17 | $431,140 |
Pro Inspection Consulting Services Maintenance/repairs Services | 6/29/17 | $100,350 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $8,069,372 |
| Investment income | $33 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,620,276 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,392,516 |
| Pension plan accruals and contributions | $50,986 |
| Other employee benefits | $436,648 |
| Payroll taxes | $235,768 |
| Fees for services: Management | $500,216 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,928 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,039,054 |
| Advertising and promotion | $44,643 |
| Office expenses | $255,519 |
| Information technology | $2,424 |
| Royalties | $0 |
| Occupancy | $1,971,477 |
| Travel | $9,183 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,778 |
| Insurance | $496,204 |
| All other expenses | $213,255 |
| Total functional expenses | $9,737,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,422 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $429,438 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,612 |
| Prepaid expenses and deferred charges | $5,896 |
| Net Land, buildings, and equipment | $353,997 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $150,663 |
| Intangible assets | $0 |
| Other assets | $108,086 |
| Total assets | $1,182,114 |
| Accounts payable and accrued expenses | $538,810 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,784,221 |
| Total liabilities | $3,323,031 |
| Net assets without donor restrictions | -$2,140,917 |
| Net assets with donor restrictions | $0 |
| 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 | $1,182,114 |