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Las Villas De Magnolia Inc.

Las Villas De Magnolia Inc.

Houston, TX
Tax ID20-3168458

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About this organization

Revenue

$350,508

Expenses

$561,380

Mission

To provide senior citizen housing, economic development and community development primarily in Houston's Hispanic neighborhoods.

About

To provide decent, safe and affordable housing to very low and low income elderly people by developing, owning, leasing, operating, renovating, financing and disposing of the Las Villas de Magnolia housing project at 7123 Harrisburg in the city of Houston, and doing all things incident to the ownership of such project. 75 units were placed in service in 2008.

Interesting data from their 2019 990 filing

In the filing, the mission of the non-profit is noted as “To provide senior citizen housing, economic development and community development primarily in houston's hispanic neighborhoods.”.

When referring to its responsibilities, they were outlined as: “To provide senior citizen housing, economic development and community development primarily in houston's hispanic neighborhoods.”.

  • The state in which the non-profit is legally registered to operate is TX, as per legal records.
  • The filing documents the non-profit's address in 2019 as PO Box 571963, Houston, TX, 77257.
  • According to the non-profit's form, they have 0 employees on their payroll as of 2019.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are between $500,000 and $1,000,000+.
  • Revenue is between $250,000 and $500,000.
  • Revenue less expenses is -$188,643.
  • The CEO compensation strategy within the organization is not based on a review and approval from an impartial entity.
  • The organization has a written policy that delegates the management duties.
  • The organization has 3 independent voting members.
  • The organization was formed in 2005.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule O.
  • The organization pays $114,319 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization's financial statements were reviewed by an accountant.

Additional Non-Profits in the area

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