Overview
What is Langtry Village Inc?
Langtry Village Inc, located in Midland, Texas, is a nonprofit organization that operates under the Texas Non-Profit Act and adheres to Section 202 of the Federal Housing Act of 1959. Its primary mission is to offer affordable housing to two distinct groups: disabled individuals aged 18 and above, and elderly people aged 62 and above. The village comprises 85 units, with options ranging from efficiency to one-bedroom apartments. Langtry Village Inc strives to fulfill its mission in accordance with HUD regulations, ensuring that it provides safe and suitable living spaces for its residents.
Is Langtry Village Inc legitimate?
Langtry Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Langtry Village 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:
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What is the mission statement of Langtry Village Inc?
Langtry Village Inc, as an organization governed by the Texas Non-Profit Act and the Federal Housing Act of 1959, is committed to providing low-income housing. Specifically, it caters to the elderly aged 62 and above, as well as disabled individuals aged 18 and above, offering them 85 units in the form of efficiency and one-bedroom apartments. The mission of Langtry Village Inc is aligned with HUD regulations, aiming to offer suitable housing solutions for this particular demographic.
What is the revenue of Langtry Village Inc?
Langtry Village Inc's revenue in 2023 was $547,746.
Who are the executives of Langtry Village Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Langtry Village Inc?
Langtry Village Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Langtry Village Inc
Langtry Village Inc, a non-profit organization, is dedicated to providing low-income housing for elderly individuals and people with disabilities. Governed by Section 202 of the Federal Housing Act of 1959, this organization ensures that 85 units of efficiency and one-bedroom apartments are available for eligible residents. The mission of Langtry Village Inc is to cater to the housing needs of disabled individuals aged 18 and above, as well as elderly people who are 62 years or older. Adhering to regulations set by the U.S. Department of Housing and Urban Development (HUD), Langtry Village Inc plays a crucial role in offering a safe and affordable living environment for its residents.
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Impact
October, 2024
Langtry Village Inc significantly impacts the community by providing essential low-income housing for elderly and disabled individuals in Midland, TX. With 85 efficiency and one-bedroom apartments specifically designed for those aged 18 and over who are disabled, and for seniors aged 62 and over, Langtry Village meets a critical need for accessible living arrangements. The organization aligns with federal housing regulations, ensuring that its residents have safe, affordable homes that promote stability and well-being. By focusing on this vulnerable population, Langtry Village Inc fosters a supportive environment that helps improve the quality of life for its residents, enabling them to live with dignity and independence.
This information is meant to be a general summary of Langtry Village 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: $517
- Program Service Revenue: $223,659
- Gross Receipts: $547,746
Assets and Liabilities:
- Total Assets: $1,436,597
- Total Liabilities: $2,931,528
- Net Assets: -$1,494,931
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tentant Portion of Rent Per HUD Calculation
Revenue
$223,659
Organization Details
Founding Year
1984
Principal Officer
Teressa Thomson
NTEE Category
Code: L21 - Housing
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