Overview
What is Mesquite Qalicb Inc?
Mesquite Qalicb Inc is a nonprofit organization based in Las Vegas, Nevada, specifically at 7060 West Windmill Lane. Their primary objective is to acquire and lease property, either real or personal, with certain restrictions and limitations, primarily for the benefit of the Las Vegas-Clark County Library District. They secured financing under the New Markets Tax Credit Program (NMTC), leading to two notes payable with interest rates of 1% and repayment schedules extending through 2047. Their expenses in the fiscal year 2022 included the interest on these loans and building depreciation.
Is Mesquite Qalicb Inc legitimate?
Mesquite Qalicb Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mesquite Qalicb 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: $0
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What is the mission statement of Mesquite Qalicb Inc?
Mesquite Qalicb Inc's primary mission is to procure and lease real or personal property, subject to specific restrictions and limitations. This mission is aimed at benefiting the Las Vegas-Clark County Library District. The organization secured financing for this purpose under the New Markets Tax Credit Program (NMTC). As a result of participating in the NMTC program, Mesquite Qalicb entered into two notes payable, secured by a deed of trust and assignments of leases and rents. These notes bear interest at 1% and are payable in quarterly interest-only payments through December 2024, and quarterly principal and interest payments thereafter through December 2047. The expenses in fiscal year 2022 included the interest of the two loans and building depreciation. While this information mainly details the financial aspects, it suggests that Mesquite Qalicb's mission is primarily focused on property acquisition and leasing for the benefit of a library district.
Who is the CEO of Mesquite Qalicb Inc?
Floresto Cabias is the President of Mesquite Qalicb Inc.
What is the revenue of Mesquite Qalicb Inc?
Mesquite Qalicb Inc's revenue in 2022 was $115,025.
Who are the executives of Mesquite Qalicb Inc and what are their salaries?
Here are 5 key members and their salaries:
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- Related: $152,383
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Where can I find the form 990 for Mesquite Qalicb Inc?
Mesquite Qalicb Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mesquite Qalicb Inc
Mesquite Qalicb Inc, a nonprofit organization, is dedicated to acquiring and leasing real or personal property under specific restrictions and limitations, primarily for the benefit of the Las Vegas-Clark County Library District. The organization's mission is to secure financing through the New Markets Tax Credit Program (NMTC) and enter into agreements that involve two notes payable, secured by a deed of trust and assignments of leases and rents. These notes bear interest at 1% and are payable in quarterly interest-only payments until December 2024, transitioning to principal and interest payments thereafter until December 2047. The organization's activities primarily involve managing these financial obligations and the related property. In summary, Mesquite Qalicb Inc plays a crucial role in facilitating the acquisition and management of property, using the NMTC program to support the Las Vegas-Clark County Library District.
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Impact
October, 2024
Mesquite Qalicb Inc has made a significant contribution to the community by securing financing under the New Markets Tax Credit (NMTC) program. This initiative has enabled them to acquire and lease real and personal property with specific restrictions that directly benefit the Las Vegas-Clark County Library District.
Through its structured financing, Mesquite Qalicb enters into long-term financial commitments, allowing for manageable interest payments and supporting the development and sustainability of educational resources within the community. The low-interest loans, secured by a deed of trust, ensure that the funds are effectively utilized, prompting further investment in local library facilities.
The organization's focus on properties that align with the priorities of the Las Vegas-Clark County Library District enhances access to educational materials and spaces, fostering a greater learning environment for residents. By navigating financial barriers and leveraging community resources, Mesquite Qalicb Inc plays a crucial role in advancing educational opportunities and enriching the local cultural landscape in Las Vegas.
This information is meant to be a general summary of Mesquite Qalicb 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 2022.
- Investment Income: $25
- Program Service Revenue: $115,000
- Gross Receipts: $115,025
Assets and Liabilities:
- Total Assets: $7,844,222
- Total Liabilities: $9,809,583
- Net Assets: -$1,965,361
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMMUNITY LIBRARY RENT
Revenue
$115,000
Organization Details
Founding Year
2017
Phone
(702) 507-3559Principal Officer
Floresto Cabias
Main Address
7060 WEST WINDMILL LANE, LAS VEGAS, NV, 89113
NTEE Category
Code: B11 - Education
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