MAGNOLIA FCU COMMUNITY DEVELOPMENT CORPORATION
Data sourced from IRS 990 public filings
MAGNOLIA FCU COMMUNITY DEVELOPMENT CORPORATION Formed to promote community development by providing loan capital and development resources in economically distressed communities. Such activities of the Corporation may include, but not be limited to: investing in, lending to, or providing technical assistance to businesses and organizations in economically distressed communities; investing in or providing loans to support commercial and residential properties located in economically distressed communities; investing in, lending to, or providing technical assistance to organizations such as Community Development Entities or Community Development Financial Institutions engaged in activities that promote community development in low income or economically distressed communities. The Corporation is an emerging Community Development Financial Institution (CDFI) and intends to become a certified CDFI by the U.S. Department of Treasury.
Annual Revenue
$100,500
Known Funders
0
Grants Received
0
Financial History
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $100,500 | $57,527 | $42,973 |
Top Funders
No funder data available yet for this nonprofit.
Key Personnel
From 2024 IRS 990 filing
Michael Waylett
President
Grayland Fredericks
Vice President
Clara Beauman
Secretary
Robert Metzger
Treasurer
Barry McNair
Incorporator
Angela Harris
Director
Jessica Flowers
Executive Director
Frequently Asked Questions
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