Nonprofit · EIN 20-3168458
LAS VILLAS DE MAGNOLIA INC
Tax-exempt · HOUSTON, TX 77011
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $471,787 | $687,543 | -$215,756 | $2,873,462 | $491,500 | $2,381,962 |
| December 31, 2024 | 990 | $449,468 | $748,066 | -$298,598 | $3,122,439 | $524,721 | $2,597,718 |
| December 31, 2023 | 990 | $455,187 | $623,759 | -$168,572 | $3,361,288 | $464,972 | $2,896,316 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $470,962
- Investment income
- $825
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $129,029
- Salaries, compensation and benefits (total)
- $148,245
- Professional fundraising fees
- $0
- Accounting fees
- $19,200
- Depreciation
- $190,525
- Program services (functional)
- $687,543
Balance sheet and other
- Total assets, start of year
- $3,122,439
- Total assets, end of year
- $2,873,462
- Total liabilities, end of year
- $491,500
- Net assets, end of year
- $2,381,962
- Land, buildings and equipment
- $2,722,191
- Net assets without donor restrictions
- -$3,413,338
- Net assets with donor restrictions
- $5,795,300
- Gross receipts
- $471,787
- Employees
- 0
- Year formed
- 2005
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Peter Clementi | Chairman Trustee or director, Officer | 10 | $0 |
| Carlos Alvarez | Secretary Trustee or director | 1 | $0 |
| Gary Flores | Vice Chairman Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Peter Clementi | Chairman Trustee or director, Officer | 10 | $0 |
| Carlos Alvarez | Secretary Trustee or director | 1 | $0 |
| Gary Flores | Vice Chairman Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Peter Clementi | Chairman Trustee or director, Officer | 10 | $0 |
| Carlos Alvarez | Secretary Trustee or director | 1 | $0 |
| Gary Flores | Vice Chairman Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 150 S 72ND ST, HOUSTON, TX 77011-4862
- In care of
- % PETER CLEMENTI
- Principal officer (990 for 2025)
- Peter Clementi, 150 S 72nd St, Houston, TX 77011
- Signed the 990
- Peter Clementi, Chairman
- Phone
- (713) 240-4861
- Return prepared by
- M GROUP LLP
Mission
To provide senior citizen housing, economic development and community development primarily in Houston's Hispanic neighborhoods.
Program accomplishments
- 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.Expenses $687,543 · revenue $470,962
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-3168458
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $2,873,462
- Income (IRS master file)
- $471,787
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $471,787 | $687,543 | $2,873,462 | XML |
| 990 | December 2024 | $449,468 | $748,066 | $3,122,439 | XML |
| 990 | December 2023 | $455,187 | $623,759 | $3,361,288 | XML |
| 990 | December 2022 | $384,055 | $531,713 | $3,529,969 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-3168458).
Questions about LAS VILLAS DE MAGNOLIA INC
- What is the EIN of LAS VILLAS DE MAGNOLIA INC?
- The employer identification number (EIN) of LAS VILLAS DE MAGNOLIA INC is 20-3168458.
- Is LAS VILLAS DE MAGNOLIA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to LAS VILLAS DE MAGNOLIA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAS VILLAS DE MAGNOLIA INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAS VILLAS DE MAGNOLIA INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAS VILLAS DE MAGNOLIA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LAS VILLAS DE MAGNOLIA INC?
- The 990 for the year ended December 31, 2025 names Peter Clementi.
- Who are the officers and directors of LAS VILLAS DE MAGNOLIA INC?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does LAS VILLAS DE MAGNOLIA INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $471,787, expenses of $687,543 and total assets of $2,873,462 at year end.
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- CLAREWOOD HOUSE INC EIN 74-1468123 · last filed 990 for 2025
- STAR OF HOPE MISSION EIN 74-1152599 · last filed 990 for 2025
- WOODFOREST OWNERS ASSOCIATION INC EIN 26-3727426 · last filed 990 for 2024
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