2021-08-05T10:25:55-05:00 2021-03-31 261483953 SBNG PC 221 N KANSAS SUITE 1300 EL PASO TX 79901 990 2020-04-01 204093582 VILLA DEL NORTE APARTMENTS INC VILL 9157722159 331 LULAC DRIVE EL PASO TX 79905 LUIS E GUZMAN CHAIRMAN 9157722159 2021-07-29 1 LUIS GUZMAN 999009999 TELLO CABRERA P01550316 9155446770 2021-07-29 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z LUIS E GUZMAN 331 LULAC DRIVE EL PASO TX 79905 1016533 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 7 0 0 0 0 0 997110 1002836 13392 11799 3889 1898 1014391 1016533 112682 24000 0 0 289445 305665 0 0 0 581407 624788 983534 954453 30857 62080 1125282 1199825 29185 41648 1096097 1158177 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 816016 24000 1004734 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. 816016 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 7 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 TX X IRMA PORRAS 9157722159 331 LULAC DRIVE EL PASO TX 79905 X MARY YANEZ DISTRICT IV DIRECTOR 1.00 X 0 0 0 RAY MANCERA TRUSTEE 1.00 X 0 0 0 CRISTINA BENNETT TRUSTEE 1.00 X 0 0 0 LUIS E GUZMAN CHAIRMAN 5.00 X 0 0 0 DANIEL ANCHONDO VICE-CHAIRMAN 1.00 X 0 0 0 ROSE ORTEGA TREASURER 1.00 X 0 0 0 VIRGINIA TENA SECRETARY 1.00 X 0 0 0 0 0 0 0 0 0 0 0 RENT REVENUE 531110 988709 988709 LAUNDRY AND VENDING 531110 14127 14127 1002836 11799 11799 OTHER INCOME 900099 1898 1898 1898 1016533 1004734 0 11799 24000 24000 238883 162440 76443 47429 32252 15177 19353 13160 6193 15986 15986 199684 199684 115034 115034 REPAIRS AND MAINTENANCE 209074 209074 RESIDENT SERVICES 36320 35594 726 PROPERTY TAXES 23058 23058 SUPPLIES 19420 971 18449 6212 749 5463 954453 816016 138437 0 213906 272361 884188 895986 2478 2478 34495 34495 0 0 24710 29000 1125282 1199825 4475 5915 6733 24710 29000 29185 41648 X 211909 262190 884188 895987 1096097 1158177 1125282 1199825 62080 0 X X 0 1 X 1 0 X 864005 913764 928587 1000999 1004734 4712089 864005 913764 928587 1000999 1004734 4712089 0 0 0 4712089 11244 25956 19180 13392 11799 81571 11244 25956 19180 13392 11799 81571 875249 939720 947767 1014391 1016533 4793660 0.98300 0.98120 0.01700 0.01880 X 34495 34495 0 0 1016533 0 1016533 0 1016533 954453 0 954453 0 954453 1 LULAC DISTRICT IV INC 331 LULAC EL PASO TX 79905 204093786 24000 COST SCHOLARSHIPS FORM 990, PART VI, SECTION B, LINE 11B IN ADDITION TO THE MONTLY 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 MANATED 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. PART XII, LINE 2C THERE WERE NO CHANGES IN THE MANNER IN WHICH THE ORGANIZATION CONDUCTED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.