Villa Del Norte Apartments Inc
Villa Del Norte Apartments Inc. faces recent operating deficits despite consistent revenue growth and zero executive compensation.
EIN: 204093582 · El Paso, TX · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.0M |
| Transparency Score | 85/100 |
Is Villa Del Norte Apartments Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Villa Del Norte Apartments Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Villa Del Norte Apartments Inc
Villa Del Norte Apartments Inc (EIN: 204093582) is a nonprofit organization based in El Paso, TX, classified under NTEE code L20. The organization reported total revenue of $1.3M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Villa Del Norte Apartments Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Villa Del Norte Apartments Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-110,722 |
| Total Assets | $1.1M |
| Total Liabilities | $104K |
| Net Assets | $1.0M |
| Operating Margin | -8.9% |
| Debt-to-Asset Ratio | 9.2% |
| Months of Reserves | 10.0 months |
Financial Health Grade: B
In 2024, Villa Del Norte Apartments Inc reported a deficit of $111K with expenses exceeding revenue, holds 10.0 months of operating reserves (strong position), has a debt-to-asset ratio of 9.2% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Villa Del Norte Apartments Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +10.1% | -16.8% | +30.2% |
| 2023 | +9.2% | +69.5% | -32.0% |
| 2022 | +1.9% | +0.8% | +6.0% |
| 2021 | +0.2% | -3.0% | +6.6% |
| 2020 | +7.0% | +3.6% | -22.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Villa Del Norte Apartments Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Villa Del Norte Apartments Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $111K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.2%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly unusual for an organization of this size with over $1 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Villa Del Norte Apartments Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $110,722 in 202403, $499,043 in 202303) indicate spending more than earned.
- Significant fluctuation in assets, with a notable decline from peak levels in prior years.
- Unusually low liabilities in some periods, which could indicate minimal debt but also potentially limited access to capital for growth or maintenance.
Strengths
The following positive indicators were identified for Villa Del Norte Apartments Inc:
- Consistent 0% officer compensation, indicating a strong commitment to directing funds to the mission.
- Long and consistent filing history (13 filings), demonstrating transparency and compliance.
- Clear alignment between organization name, NTEE code (Housing Development), and implied mission.
- Relatively stable revenue stream, generally increasing over the past decade.
Frequently Asked Questions about Villa Del Norte Apartments Inc
Is Villa Del Norte Apartments Inc a legitimate charity?
Villa Del Norte Apartments Inc (EIN: 204093582) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.3M. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Villa Del Norte Apartments Inc spend its money?
Villa Del Norte Apartments Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Villa Del Norte Apartments Inc tax-deductible?
Villa Del Norte Apartments Inc is registered as a tax-exempt nonprofit (EIN: 204093582). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Villa Del Norte Apartments Inc CEO make?
Villa Del Norte Apartments Inc's highest-compensated officer earns $1 annually. The organization reported $1.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Villa Del Norte Apartments Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Villa Del Norte Apartments Inc is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Villa Del Norte Apartments Inc located?
Villa Del Norte Apartments Inc is headquartered in El Paso, Texas and files with the IRS under EIN 204093582. It is classified under NTEE code L20.
How many years of IRS 990 filings does Villa Del Norte Apartments Inc have?
Villa Del Norte Apartments Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.3M in total revenue.
How does Villa Del Norte Apartments Inc. manage its operating deficits, such as the $110,722 deficit in 202403 and the $499,043 deficit in 202303?
The filings indicate that expenses have exceeded revenue in recent periods. This could be managed through drawing down reserves, securing additional grants, or increasing rental income. Further investigation into their financial statements would be needed to understand the specific strategies.
Given the 0% officer compensation, who manages the organization's operations and what is their compensation structure?
The 0% officer compensation suggests that either management is entirely volunteer-based, or compensation is reported under other expense categories, or the organization contracts out management services. This warrants further clarification to understand operational overhead.
What is the long-term strategy for maintaining asset levels, which have decreased from a high of $1,462,543 in 201803 to $1,126,401 in 202403?
The decline in assets could be due to depreciation, asset sales, or using assets to cover operating costs. A detailed look at their balance sheet and capital expenditure plans would clarify this trend.
Filing History
IRS 990 filing history for Villa Del Norte Apartments Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Villa Del Norte Apartments Inc's revenue has grown by 49%, moving from $836K to $1.2M. Total assets decreased by 14.7% over the same period, from $1.3M to $1.1M. Total functional expenses rose by 81.3%, from $748K to $1.4M. In its most recent filing year (2024), Villa Del Norte Apartments Inc reported a deficit of $111K, with expenses exceeding revenue. The organization holds $104K in liabilities against $1.1M in assets (debt-to-asset ratio: 9.2%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.2M | $1.4M | $1.1M | $104K | — | View 990 |
| 2023 | $1.1M | $1.6M | $865K | $132K | — | View 990 |
| 2022 | $1.0M | $962K | $1.3M | $40K | — | View 990 |
| 2021 | $1.0M | $954K | $1.2M | $42K | — | — |
| 2020 | $1.0M | $984K | $1.1M | $29K | — | View 990 |
| 2019 | $948K | $949K | $1.4M | $28K | — | View 990 |
| 2018 | $940K | $911K | $1.5M | $42K | — | View 990 |
| 2017 | $864K | $892K | $1.4M | $24K | — | View 990 |
| 2016 | $879K | $843K | $1.4M | $25K | — | View 990 |
| 2015 | $880K | $774K | $1.4M | $29K | — | View 990 |
| 2014 | $832K | $839K | $1.3M | $31K | — | View 990 |
| 2013 | $816K | $798K | $1.3M | $45K | — | View 990 |
| 2012 | $836K | $748K | $1.3M | $54K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.2M, expenses of $1.4M, and assets of $1.1M (revenue +10.1% year-over-year).
- 2023: Revenue of $1.1M, expenses of $1.6M, and assets of $865K (revenue +9.2% year-over-year).
- 2022: Revenue of $1.0M, expenses of $962K, and assets of $1.3M (revenue +1.9% year-over-year).
- 2021: Revenue of $1.0M, expenses of $954K, and assets of $1.2M (revenue +0.2% year-over-year).
- 2020: Revenue of $1.0M, expenses of $984K, and assets of $1.1M (revenue +7.0% year-over-year).
- 2019: Revenue of $948K, expenses of $949K, and assets of $1.4M (revenue +0.9% year-over-year).
- 2018: Revenue of $940K, expenses of $911K, and assets of $1.5M (revenue +8.8% year-over-year).
- 2017: Revenue of $864K, expenses of $892K, and assets of $1.4M (revenue -1.7% year-over-year).
- 2016: Revenue of $879K, expenses of $843K, and assets of $1.4M (revenue -0.2% year-over-year).
- 2015: Revenue of $880K, expenses of $774K, and assets of $1.4M (revenue +5.8% year-over-year).
- 2014: Revenue of $832K, expenses of $839K, and assets of $1.3M (revenue +1.9% year-over-year).
- 2013: Revenue of $816K, expenses of $798K, and assets of $1.3M (revenue -2.4% year-over-year).
- 2012: Revenue of $836K, expenses of $748K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Villa Del Norte Apartments Inc:
Data Sources and Methodology
This transparency report for Villa Del Norte Apartments Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.