Fiscal year ending 2024. Filed on May 13, 2025.
240 Briarwood Drive
Jackson, Mississippi 39206
Magnolia Fcu Community Development Corporation (EIN: 93-2642865) has filed an IRS Form 990 since fiscal year 2023. In its fiscal year 2024 IRS Form 990 filing, Magnolia Fcu Community Development Corporation, a 501(c)(3) charitable organization, reported compensation for 7 employees. Among the employees shown here, the average compensation is $54,604. The highest compensated employee at Magnolia Fcu Community Development Corporation is Jessica Flowers with fiscal year 2024 compensation of $54,604.
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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.
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