2021-10-26T11:35:18-07:00 2020-12-31 263548566 M GROUP LLP 515 W SOUTHLAKE BLVD Ste 150 SOUTHLAKE TX 76092 990 2020-01-01 203168458 Las Villas de Magnolia Inc LASV 7139235433 PO Box 571963 Houston TX 77257 Peter Clementi Chairman 2021-10-26 true Peter Clementi 999009999 MICHAEL C MARTIN P01421482 8178651360 2 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z Peter Clementi PO Box 571963 Houston TX 77257 347357 false X N/A X 2005 TX To provide senior citizen housing, economic development and community development primarily in Houston's Hispanic neighborhoods. 3 3 0 0 0 347453 346819 778 538 0 348231 347357 0 0 120965 131273 0 0 408773 428466 529738 559739 -181507 -212382 4119255 3910442 463882 467451 3655373 3442991 To provide senior citizen housing, economic development and community development primarily in Houston's Hispanic neighborhoods. false false 559739 346819 To provide decent, safe and affordable housing to very low and low income elderly people by developing, owning, leasing, operating, renovating, financing and disposing of the Las Villas de Magnolia housing project at 7123 Harrisburg in the city of Houston, and doing all things incident to the ownership of such project. 75 units were placed in service in 2008. 559739 true false false false false false false false false false true false false true true true true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 12 0 true 0 false false false false false false false 0 false false false false false false false X 3 3 false true false false false false false true false false false true true true true false false false false false X Peter Clementi 7139235433 PO Box 571963 Houston TX 77257 X Peter Clementi Chairman 10.00 0.00 X X 0 0 0 Carlos Alvarez Secretary 1.00 0.00 X 0 0 0 Gary Flores Vice Chairman 1.00 0.00 X 0 0 0 0 false false false 0 0 APARTMENT RENT 531110 339342 339342 TENANT CHARGES-OTHER 531110 7477 7477 346819 538 538 0 0 0 0 0 0 0 0 347357 347357 0 0 0 0 0 0 116320 116320 0 4629 4629 10324 10324 26619 26619 0 14350 14350 0 0 0 0 612 612 22431 22431 0 0 0 0 0 0 0 0 191187 191187 27485 27485 REPAIRS AND MAINTENANCE 98696 98696 Utilities 42244 42244 Employee unit 4572 4572 Bad Debts 184 184 86 86 559739 559739 0 0 16145 19294 0 0 6893 5903 0 0 0 0 6140 6858 6221654 2544298 3868543 3677356 0 0 0 0 221534 201031 4119255 3910442 18540 21892 445342 445559 463882 467451 X -2139927 -2352309 5795300 5795300 3655373 3442991 4119255 3910442 -212382 X false true X true true true X 0 351084 346719 349508 347453 346819 1741583 0 0 0 351084 346719 349508 347453 346819 1741583 0 0 1741583 579 619 1000 778 538 3514 0 579 619 1000 778 538 3514 0 0 351663 347338 350508 348231 347357 1745097 0.99800 0.99800 0.00200 0.00200 X 783081 783081 5243931 2349656 2894275 194642 194642 3677356 REPLACEMENT RESERVE 164627 RESIDUAL RECEIPTS RESERVE 18836 Security Deposits 17568 201031 Due to affiliates 426685 PREPAID RENT 1438 SECURITY DEPOSIT LIABILITY 17436 445559 X 347357 347357 347357 559739 559739 559739 Part X : FIN48 Footnote The rules governing uncertainty in income taxes for nonpublic enterprises require additional disclosures for situations, if any, where the Company's tax positions are considered uncertain. This did not have a material effect on the Company's results of operations or financial position. Income tax returns filed by the Company are subject to examination by the Internal Revenue Service for a period of three years. There are no examinations currently in progress. Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company Property management delegated to third party management company. All compensated employees are property management company employees. Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings No committees authorized to act on behalf of the governing body. Form 990, Part VI, Line 11b: Form 990 Review Process 990 reviewed by Executive Director/CEO prior to filing Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Each director, officer, executive level employee and contractor shall annually sign a statement which affirms that such person:a. has received a copy of this Policy of the Corporation,b. has read and understands this Policy,c. has agreed to comply with this Policy, andd. understands that the Corporation is a charibable organization and that in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish one or more of its stated tax exempt charitable purposes and does not result in private inurement or unreasonable or excessive economic benefit to private individuals or entities. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Documents available to public upon request. AAMA COMMUNITY DEVELOPMENT CORPORATION PO BOX 571963 HOUSTON TX 77257 760264162 CONDUCT & SUPPORT LOW-INCOME HOUSING DEVELOPMENT ACTIVITIES TX 501(C)(3) 10 N/A false false false false false false false false false false false false false false false false false false false false