MAGNIFICAT HOUSES INC

HOUSTON, TX, 77004-3755 (713) 529-4231 Est. 1968 EIN 23-7003471

F33Z— Mental Health & Crisis Intervention Form 990 501(c)(3)

Mission

Magnificat Houses, Inc. offers a welcoming community where those needing housing, food and mental health programs can grow in stability, productivity and independence.

Giving Portfolio

Total Grants

1

Total Giving

$1.7M

Recipients

1

Years Active

2022

Avg grant: $1,700,000 Median: $1,700,000

Top States

New York

1

Top Grantees

Magnificat Permanent Affordable LLC

NY

$1.7M

Financials

Total Revenue

$3,031,079

Total Expenses

$4,707,588

Net Assets

$2,812,475

38 employees 2,200 volunteers

From latest filing (tax period ending 2023-06-30)

Financial Health

Operating Reserve

7.2 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 24.7%

Expenses ↑ 63.5%

Revenue Sources

Contributions 77.6% Earned revenue 19.6% Investment 2.6%

Expense Breakdown

Program 88.0% Management 5.5% Fundraising 6.5%

Officers & Trustees (17)

Sign up free to see all officers. We treat individual compensation with extra care; named amounts are on Grow plans.

Filing History (7 filings)

Year	Revenue	Expenses	Net Assets
2022 Form 990	$3,031,079 ↑	$4,707,588	$2,812,475
2021 Form 990	$2,431,488 ↓	$2,879,433	$4,396,573
2020 Form 990	$2,542,729 ↑	$2,535,106	$4,906,810
2019 Form 990	$2,120,337 ↓	$2,506,240	$4,854,110
2018 Form 990	$3,305,759	$3,440,022	$5,240,013
2018 Form 990	$3,305,759 ↑	$3,440,022	$5,240,013
2017 Form 990	$2,741,143	$2,130,324	$5,374,276