2023-10-25T14:48:40-05:00 2023-03-31 261483953 SBNG PC 221 N KANSAS SUITE 1300 EL PASO TX 79901 990 2022-04-01 204093582 VILLA DEL NORTE APARTMENTS INC VILL 9157722159 331 LULAC DRIVE EL PASO TX 79905 LUIS E GUZMAN CHAIRMAN 9157722159 2023-10-20 1 LUIS GUZMAN 999009999 0 OSCAR LOY JR P01779015 9155446770 2023-10-20 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LUIS E GUZMAN 331 LULAC DRIVE EL PASO TX 79905 1131765 0 X N/A X 2006 TX THE ORGANIZATION WAS ESTABLISHED FOR THE PURPOSE OF PROVIDING AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES, TO RECEIVE FUNDS AND MAINTAIN FUNDS FOR THE OPERATION OF REAL AND PERSONAL PROPERTY. 7 7 10 0 0 0 0 0 1025719 1122870 8737 6285 1626 2610 1036082 1131765 24000 419308 0 0 294340 338408 0 0 0 643662 873092 962002 1630808 74080 -499043 1272206 864840 39949 131626 1232257 733214 X THE ORGANIZATION WAS ESTABLISHED FOR THE PURPOSE OF PROVIDING AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES, TO RECEIVE FUNDS AND MAINTAIN FUNDS FOR THE OPERATION OF REAL AND PERSONAL PROPERTY. 0 0 1466447 419308 1125480 VILLA DEL NORTE OPERATES A 190-UNIT APARTMENT COMPLEX IN EL PASO, TEXAS. THE APARTMENT COMPLEX IS OWNED BY AN UNRELATED ENTITY, LULAC DISTRICT IV, INC. AS ESTABLISHED UNDER AN OPERATING AGREEMENT BETWEEN BOTH ENTITIES, LULAC DISTRICT IV, INC. HAS ASSIGNED SUBSTANTIALLY ALL PROCEEDS FROM THE OPERATION OF THE APARTMENT COMPLEX TO VILLA DEL NORTE. SUBSTANTIALLY ALL OF VILLA DEL NORTE'S REVENUE AND SUPPORT IS DERIVED FROM APARTMENT RENTAL REVENUE AND RELATED SOURCES OF REVENUE.VILLA DEL NORTE'S TENANT COMMUNITY IS COMPRISED OF INDIVIDUALS AND FAMILIES WHOSE COMBINED INCOME LEVEL IS PRIMARILY BELOW 120% OF THE VERY LOW-INCOME LIMIT AS DETERMINED BY HUD FOR EL PASO COUNTY, TEXAS. THE RENTAL INCOME AND RELATED REVENUE IS UTILIZED TO PROVIDE AFFORDABLE LOW-INCOME HOUSING FOR THE ECONOMICALLY DISADVANTAGED POPULATION IN EL PASO, TEXAS. 1466447 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 1 1 0 X GUADALUPE VILLAGRAN 9157722159 331 LULAC DRIVE EL PASO TX 79905 X LUIS E GUZMAN CHAIRMAN 5.00 X X 0 0 0 DANIEL ANCHONDO DIRECTOR 1.00 X 0 0 0 ROSE ORTEGA DIRECTOR 1.00 X 0 0 0 IGNACITA VALDEZ TREASURER 1.00 X X 0 0 0 MARY YANEZ VICE CHAIR 1.00 X X 0 0 0 RAY MANCERA DIRECTOR 1.00 X 0 0 0 CHRIS FRAGA SECRETARY 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 RENT REVENUE 531110 1108778 1108778 LAUNDRY & VENDING 531110 14092 14092 1122870 6285 6285 OTHER INCOME 531110 2610 2610 2610 1131765 1125480 0 6285 X 419308 419308 263776 179368 84408 10584 7197 3387 42421 28846 13575 21627 14706 6921 19786 19786 260733 260733 4966 4966 108857 108857 REPAIRS AND MAINTENANCE 375447 375447 RESIDENT SERVICES 40155 39352 803 PROPERTY TAXES 25670 25670 MISCELLANEOUS EXPENSES 11827 11827 25651 6963 18688 1630808 1466447 164361 0 493241 201818 740592 519200 3633 0 34495 34495 0 0 34740 143822 1272206 864840 0 65271 5209 1515 34740 0 64840 39949 131626 X 327533 131114 904724 602100 1232257 733214 1272206 864840 -499043 0 X X 0 1 X 1 0 X 928587 1000999 1004734 1025719 1125480 5085519 928587 1000999 1004734 1025719 1125480 5085519 0 0 0 5085519 19180 13392 11799 8737 6285 59393 19180 13392 11799 8737 6285 59393 947767 1014391 1016533 1034456 1131765 5144912 0.98850 0.98400 0.01150 0.01600 X 34495 34495 0 0 RIGHT-OF-USE ASSETS, OPERATING LEASE 10890 SECURITY DEPOSITS 50032 CASH RESTRICTED FOR FUTURE REPAIRS AND IMPROVEMENTS 82900 143822 BANK OVERDRAFT 3918 CURRENT MATURITIES, OPERATING LEASE 2033 TENANT SECURITY DEPOSITS 50032 OPERATING LEASE LIABILITIES, NET OF CURRENT MATURITIES 8857 64840 1131765 0 1131765 0 1131765 1630808 0 1630808 0 1630808 1 LULAC DISTRICT IV INC 331 LULAC EL PASO TX 79905 204093786 28000 0 COST SCHOLARSHIPS LULAC FOR SPECIAL PROJECTS - RENOVATIONS TO PROPERTIES HELD IN TRUST 331 LULAC EL PASO TX 79905 204093786 391308 0 COST SPECIAL PROJECTS -RENOVATIONS TO PROPERTIES HELD IN TRUST FORM 990, PART VI, SECTION B, LINE 11B IN ADDITION TO THE MONTHLY MEETINGS OF THE BOARD OF DIRECTORS, THE BOARD ALSO MEETS ANNUALLY AFTER COMPLETION OF THE ANNUAL AUDIT AND REVIEWS THE AUDIT REPORT AND THE FORM 990. AFTER THOROUGH ANALYSIS, THE BOARD OF DIRECTORS APPROVES THE MANDATED FORM 990. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD ARE REQUIRED TO SIGN CONFLICT OF INTEREST STATEMENTS AT THE BEGINNING OF EACH YEAR. IN ADDITION, THE BOARD OF DIRECTORS MEET TO DISCUSS ANY POTENTIAL CONFLICTS OF INTEREST. IF POTENTIAL ISSUES ARISE, THEY ARE RESOLVED AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE COMPLEX MANAGER, SUPERVISOR AND STAFF IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. INCREASES, IF ANY, IN PRIOR YEAR COMPENSATION ARE DISCUSSED AND APPROPRIATE ADJUSTMENTS ARE APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 24E SUPPLIES: PROGRAM SERVICE EXPENSES 548. MANAGEMENT AND GENERAL EXPENSES 10,419. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,967. LAUNDRY AND VENDING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,057. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,057. FUEL EXPENSE : PROGRAM SERVICE EXPENSES 3,932. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,932. DUES & SUBSCIPTIONS : PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,479. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,479. RENT : PROGRAM SERVICE EXPENSES 2,483. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,483. BANK SERVICE CHARGES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 442. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 442. POSTAGE AND SHIPPING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 291. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 291. PART XII, LINE 2C THERE WAS NO CHANGES IN THE MANNER IN WHICH THE ORGANIZATION CONDUCTED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.