Overview
What is Las Villas De Magnolia Inc?
Las Villas De Magnolia Inc is a nonprofit organization situated in Houston, Texas. Their primary mission is to enhance the living conditions of low-income elderly individuals by providing affordable and safe housing. They have accomplished this by developing, managing, and maintaining a housing project known as Las Villas de Magnolia, which houses 75 units and was established in 2008. The organization also focuses on economic and community development, particularly in Houston's Hispanic neighborhoods. This commitment to senior citizen housing and community improvement has been a central part of their operations.
Is Las Villas De Magnolia Inc legitimate?
Las Villas De Magnolia Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Las Villas De Magnolia Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $118,217
For more financial information, click here
What is the mission statement of Las Villas De Magnolia Inc?
Las Villas De Magnolia Inc's mission is centered around three key areas: senior citizen housing, economic development, and community development. Their primary focus is on serving underserved Hispanic neighborhoods in Houston, providing decent, safe, and affordable housing for elderly individuals with low to very low incomes. They achieve this through various means, including developing, owning, leasing, operating, and renovating housing projects. As of 2008, they had 75 units in service at the Las Villas de Magnolia housing project located in Houston.
What is the revenue of Las Villas De Magnolia Inc?
Las Villas De Magnolia Inc's revenue in 2023 was $455,187.
Who are the executives of Las Villas De Magnolia Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Las Villas De Magnolia Inc?
Las Villas De Magnolia Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Las Villas De Magnolia Inc
Las Villas De Magnolia Inc is committed to serving senior citizens and contributing to the development of communities, primarily focusing on Houston's Hispanic neighborhoods. Their mission is twofold: firstly, they aim to provide decent, safe, and affordable housing for elderly individuals who fall into the categories of very low and low income. This is achieved through the development, ownership, leasing, operation, renovation, financing, and disposal of the Las Villas de Magnolia housing project. Secondly, Las Villas De Magnolia Inc engages in economic and community development activities within these neighborhoods. This multifaceted approach not only ensures the provision of suitable living spaces for the elderly but also contributes to the overall well-being and improvement of the communities they serve. In 2008, 75 units of this housing project were placed in service, furthering their mission to provide a home for those in need.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Las Villas De Magnolia Inc plays a crucial role in addressing the housing needs of senior citizens in Houston's Hispanic neighborhoods. By developing and operating the Las Villas de Magnolia housing project, it provides 75 units of decent, safe, and affordable housing specifically designed for very low and low-income elderly individuals. This initiative not only enhances the quality of life for residents but also fosters economic and community development in the area.
The organization’s focus on creating a supportive living environment contributes to the overall well-being and stability of the community, ensuring that elderly residents have access to essential resources and services. Through its dedicated efforts, Las Villas De Magnolia Inc is making a significant impact on the lives of vulnerable populations, promoting both housing security and community cohesion in Houston.
This information is meant to be a general summary of Las Villas De Magnolia Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,463
- Program Service Revenue: $453,724
- Gross Receipts: $455,187
Assets and Liabilities:
- Total Assets: $3,529,969
- Total Liabilities: $465,081
- Net Assets: $3,064,888
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENT
Revenue
$449,457
TENANT CHARGES-OTHER
Revenue
$4,267
Organization Details
Founding Year
2005
Principal Officer
Carlos Alvarez
NTEE Category
Code: L21 - Housing
If you are a representative of Las Villas De Magnolia Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.