V. Brian Magnone is a graduate of West Liberty University where he earned a B.S. degree in Business Administration with a specialization in Mathematics and an MBA from Regent University. He has earned Chartered Financial Analyst (CFA) and Certified Cash Manager (CCM) designations. He has been actively involved in CFA Societies and currently serves on the CFA Orange County Society Board in Newport Beach, CA. Brian is also a California real estate broker.
He began his career as a bank examiner with the Comptroller of Currency, a division of the U.S. Treasury that oversees and regulates national banks. This position provided excellent training in the workings of financial institutions and analytics to help keep banks healthy. Brian also served as Director of Treasury of Christian Broadcasting Network (CBN) in Virginia for 10 years where he directed several finance and accounting functions including global cash management, bank relations, investment portfolios, budgets and financial planning. He was also Controller with a technology start-up in Silicon Valley and worked with leading venture capital firm Sequoia Capital whose list of start-ups include Apple Computer, Cisco Systems, Electronic Arts, Symantec and Yahoo!
Brian joined Retirement Housing Foundation (RHF) in January 2004 as Director of Treasury and was promoted to Vice President/Treasury effective June 2008. RHF is a national non-profit provider of senior housing with a large portfolio of affordable and low-income housing tax credit (LIHTC’s) properties as well as Continuing Care Retirement Communities, has properties in 29 states, Virgin Islands and Puerto Rico and is the largest member of The Council for Health and Human Service Ministries (CHHSM) of the United Church of Christ. Brian served on CHHSM’s Board of Directors for 2 terms in the past. He oversees RHF’s banking, investment and financing activities. He has been instrumental in helping RHF enjoy continued success in the aftermath of the 2008 Recession. RHF restructured it largest bond debt in July 2008 prior to the financial turbulence in the Fall of 2008. RHF has since capitalized on low interest rates to the benefit of RHF and RHF’s residents.
Brian, and his wife, Marlene, are actively involved in their church. They have both served in various leadership positions. Brian plays several musical instruments and is involved in their church’s music ministry on many Sundays.