Overview
What is Villa Del Norte Apartments Inc?
Villa Del Norte Apartments Inc is a nonprofit organization situated in El Paso, Texas, operating a 190-unit apartment complex. The complex is owned by a separate entity, LULAC District IV, Inc., under an agreement that assigns the majority of its proceeds to Villa Del Norte. The organization's primary objective is to provide affordable housing for families with income levels largely below 120% of the very low-income limit determined by HUD for El Paso County, Texas. Villa Del Norte's revenue primarily comes from apartment rental income and related sources. With a small workforce of 10 employees, the organization's mission is to receive and manage funds for the operation of both real and personal property.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
Villa Del Norte Apartments Inc has received a solid 86% rating from Charity Navigator, primarily based on their accountability and finance metrics. The organization exhibits strong governance, with an entirely independent board and a high percentage of program expenses directed toward service delivery. Their financial statements show no material diversion of assets, reflecting sound financial practices that contribute positively to their operational integrity.
However, user feedback on platforms like Great Nonprofits presents a stark contrast to the organization's financial standing. Numerous residents have expressed dissatisfaction regarding management and maintenance services, citing issues such as unresponsive management, rude staff, and inadequate maintenance of living conditions. Complaints about the lack of timely repairs and disrespectful office personnel are prevalent, indicating significant concerns about the living environment and tenant relations.
Despite the positive financial oversight and accountability indicated by Charity Navigator, the negative experiences shared by residents reveal critical areas for improvement. It underscores the necessity for Villa Del Norte to address the management and maintenance issues to enhance resident satisfaction and provide a better quality of life for their tenants.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Villa Del Norte Apartments Inc legitimate?
Villa Del Norte Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Villa Del Norte Apartments 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: $263,776
For more financial information, click here
What is the mission statement of Villa Del Norte Apartments Inc?
Villa Del Norte Apartments Inc was established with the primary objective of providing affordable housing for low and moderate income families. The organization receives funds and manages them for the operation of both real and personal property. Its primary source of revenue is derived from apartment rental income and related sources. The apartment complex, under its operation, caters to individuals and families whose combined income level falls below 120% of the very low-income limit as determined by HUD for their specific location. The revenue generated is utilized to provide affordable housing for the economically disadvantaged population.
Who is the CEO of Villa Del Norte Apartments Inc?
Luis E Guzman is the Chairman of Villa Del Norte Apartments Inc.
What is the revenue of Villa Del Norte Apartments Inc?
Villa Del Norte Apartments Inc's revenue in 2023 was $1,131,765.
Who are the executives of Villa Del Norte Apartments Inc and what are their salaries?
The average compensation at Villa Del Norte Apartments Inc during 2023 was $26,378. There are 10 employees at Villa Del Norte Apartments Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Villa Del Norte Apartments Inc?
Villa Del Norte Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Villa Del Norte Apartments Inc
Villa Del Norte Apartments Inc was established with a mission to provide affordable housing for low-income families. The organization receives funds and manages them to maintain the operation of both real and personal property. This mission is carried out through the management of a 190-unit apartment complex, primarily housing individuals and families whose combined income falls below 120% of the very low-income limit as determined by HUD for El Paso County, Texas. The revenue generated from apartment rental and related sources is utilized to provide affordable housing for the economically disadvantaged population in El Paso, Texas. In essence, Villa Del Norte Apartments Inc is dedicated to making housing affordable for those who may struggle financially, contributing to the overall well-being and stability of its tenant community.
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Impact
October, 2024
Villa Del Norte Apartments Inc significantly contributes to the community by providing affordable housing for low and moderate-income families in El Paso, Texas. Operating a 190-unit apartment complex, Villa Del Norte serves individuals and families whose combined income levels are primarily below 120% of the very low-income limit as defined by HUD for the region.
The organization utilizes rental income and other revenue sources to maintain and enhance the living conditions for its residents, ensuring accessibility to safe and affordable housing for economically disadvantaged populations. By addressing housing needs in the area, Villa Del Norte plays a crucial role in fostering stability and improving the quality of life for its tenant community, while also promoting a sense of belonging and stability among residents in El Paso.
This information is meant to be a general summary of Villa Del Norte Apartments 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: $6,285
- Program Service Revenue: $1,122,870
- Gross Receipts: $1,131,765
Assets and Liabilities:
- Total Assets: $864,840
- Total Liabilities: $131,626
- Net Assets: $733,214
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$1,108,778
LAUNDRY & VENDING
Revenue
$14,092
Organization Details
Founding Year
2006
Phone
(915) 772-2159Principal Officer
Luis E Guzman
Main Address
331 LULAC DRIVE, EL PASO, TX, 79905
NTEE Category
Code: L20 - Housing
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