IRS 990 Nonprofit Profile

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.

Filing year
2024
Total revenue
$100K
Total expenses
$58K
Program expenses
$0
Administration
$0
Fundraising
$0
Program share of expenses
0%
EIN
932642865
Location
Jackson, MS

www.magfedcu.org/magnoliacdc

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Financial data on this page is sourced from IRS Form 990 filings.