2025-10-27T08:56:42-07:00 2024-12-31 263548566 M GROUP LLP 515 W SOUTHLAKE BLVD Ste 150 SOUTHLAKE TX 76092 990 2024-01-01 203168458 Las Villas de Magnolia Inc LASV 7132404861 150 S 72nd St Houston TX 77011 Peter Clementi Chairman 2025-10-27 true true MICHAEL C MARTIN P01421482 8178651360 2024 2025-03-06 01:10:19Z Peter Clementi 150 S 72nd St Houston TX 77011 449468 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 453724 447787 1463 1681 0 455187 449468 0 0 135424 161355 0 0 488335 586711 623759 748066 -168572 -298598 3361288 3122439 464972 524721 2896316 2597718 To provide senior citizen housing, economic development and community development primarily in Houston's Hispanic neighborhoods. false false 748066 447787 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. 748066 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 6 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 7132404861 150 S 72nd St Houston TX 77011 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 444979 444979 TENANT CHARGES-OTHER 531110 2808 2808 447787 1681 1681 0 0 0 0 0 0 0 0 449468 449468 0 0 0 0 0 0 142092 142092 0 6847 6847 12416 12416 35440 35440 0 13150 13150 0 0 0 13335 13335 1227 1227 35350 35350 0 0 0 0 0 0 0 0 191187 191187 71618 71618 REPAIRS AND MAINTENANCE 147372 147372 Utilities 35059 35059 Security 19015 19015 Trash Removal 7855 7855 16103 16103 748066 748066 0 0 25080 4027 0 0 5265 2049 0 0 0 0 34162 46639 6221654 3308938 3103903 2912716 0 0 0 0 192878 157008 3361288 3122439 15940 76257 449032 448464 464972 524721 X -2898984 -3197582 5795300 5795300 2896316 2597718 3361288 3122439 -298598 X false true X true true true X 0 346819 346884 383645 453724 447787 1978859 0 0 0 346819 346884 383645 453724 447787 1978859 0 0 1978859 538 351 410 1463 1681 4443 0 538 351 410 1463 1681 4443 0 0 347357 347235 384055 455187 449468 1983302 0.99780 0.99810 0.00220 0.00190 X 783081 783081 5243931 3114296 2129635 194642 194642 2912716 REPLACEMENT RESERVE 113437 RESIDUAL RECEIPTS RESERVE 24256 Security Deposits 19315 157008 Due to affiliates 426685 PREPAID RENT 3031 SECURITY DEPOSIT LIABILITY 18748 448464 X 449468 449468 449468 748066 748066 748066 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, Section A, Line 3 Property management delegated to third party management company. All compensated employees are property management company employees. Form 990, Part VI, Section A, Line 8b No committees authorized to act on behalf of the governing body. Form 990, Part VI, Section B, Line 11b 990 reviewed by Executive Director/CEO prior to filing Form 990, Part VI, Section B, Line 12c 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, Section C, Line 19 Documents available to public upon request. AAMA COMMUNITY DEVELOPMENT CORPORATION 150 S 72nd St HOUSTON TX 77011 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