Overview
What is Marvellous Light Corporation?
Marvellous Light Corporation is a nonprofit organization situated in El Paso, Texas, with a specific mission to offer affordable housing for 32 families who meet certain eligibility requirements. Currently, the organization houses 32 families, with plans to accommodate more as additional units become available. The corporation's main focus is on providing low-income housing, thereby aiding families in need of affordable living arrangements. The nonprofit is managed by a small team of three individuals.
Is Marvellous Light Corporation legitimate?
Marvellous Light Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marvellous Light Corporation 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: $33,211
Professional Fundraising Fees: $0
Other Salaries and Wages: $40,586
For more financial information, click here
What is the mission statement of Marvellous Light Corporation?
Marvellous Light Corporation is committed to providing affordable housing for families in need. Currently, they offer housing for 32 families who meet specific income criteria. As more units become available, they plan to accommodate additional families. The corporation's mission is centered around making low-income housing a viable option, thereby contributing to the well-being of these families.
Who is the CEO of Marvellous Light Corporation?
Justin F Millender is the Executive Dir. of Marvellous Light Corporation.
What is the revenue of Marvellous Light Corporation?
Marvellous Light Corporation's revenue in 2021 was $265,483.
Who are the executives of Marvellous Light Corporation and what are their salaries?
The average compensation at Marvellous Light Corporation during 2021 was $24,599. There are 3 employees at Marvellous Light Corporation.
Here are 3 key members and their salaries:
- Compensation: $33,211
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Marvellous Light Corporation?
Marvellous Light Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Marvellous Light Corporation
Marvellous Light Corporation, a nonprofit organization, is dedicated to providing affordable housing for families in need. With a mission to serve, this corporation offers 32 units of low-income housing to families who meet specific eligibility criteria. The corporation's vision extends beyond its current capacity, as it plans to accommodate more families as additional units become available. Marvellous Light Corporation's primary goal is to make housing accessible and affordable for families who struggle financially, providing them with a secure living environment.
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Impact
October, 2024
Marvellous Light Corporation has a significant impact on the community of El Paso, Texas, by addressing the critical need for affordable housing. By providing low-income housing for 32 families, the organization plays a crucial role in ensuring that these families have access to safe and stable living conditions. The support offered through reduced rent allows families to allocate their financial resources toward other essential needs, such as education and healthcare. As more housing units become available, Marvellous Light Corporation aims to expand its reach, helping additional families in need. Through its commitment to affordable housing, the organization fosters a sense of community and stability, contributing positively to the overall well-being of residents in the area.
This information is meant to be a general summary of Marvellous Light Corporation. 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 2021.
- Program Service Revenue: $208,072
- Gross Receipts: $265,483
Assets and Liabilities:
- Total Assets: $2,092,445
- Total Liabilities: $2,186,524
- Net Assets: -$94,079
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$208,072
Organization Details
Founding Year
1997
Principal Officer
Justin F Millender
Main Address
4517 FAIRBANKS DR, EL PASO, TX, 79924
NTEE Category
Code: L80 - Housing
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