Villa Del Norte Apartments Inc

Analysis

Villa Del Norte Apartments Inc is a registered charity in United States, based in El Paso, TX. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Villa Del Norte Apartments Inc reported income of $1.2m and spending of $1.4m, spending 109% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.0m to $1.2m (+23%), an average of +5.3% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Villa Del Norte Apartments Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Shasta Supportive Housing and Services ($1.2m), Santiago Sunrise Village Mobile Home Park Corporation ($1.2m) and Shakespeare Senior Housing Development Fund Corporation ($1.2m).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $256k (19% of expenses). At year end it held assets of $1.1m against liabilities of $104k, net assets of $1.0m. It reported 10 employees.