Midland Visions 2000
- Assets
- $7.4m
- Revenue
- $931.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Midland, TX
- Founding
- 05/1995
- Data as of
- 12/2021
- EIN
- 75-2531526
Organization Overview
Midland Visions 2000 is located in Midland, TX. The organization was established in 1995. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midland Visions 2000 is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Midland Visions 2000 generated $931.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE DECENT AND AFFORDABLE HOUSING FOR LOWER INCOME RESIDENTS, INCLUDINGMINORITIES,WOMEN, ELDERLY AND HE HANDICAPPED, IN THE NEIGHBORHOODS WITHINMIDLAND COUNTY, TEXAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE DECENT AND AFFORDABLE HOUSING FOR LOWER INCOME RESIDENTS, INCLUDINGMINORITIES, WOMEN, ELDERLY AND THE HANDICAPPED, IN THE NEIGHBORHOODS WITHINMIDLAND COUNTY, TEXAS;
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arlene Love Executive Director | Trustee | 60 | $186,434 |
Cary Love President | Trustee | 5 | $0 |
Edward Mayberry Vice-President | Trustee | 1 | $0 |
Aquilla Watson Director | Trustee | 1 | $0 |
Linda Brit Member | Trustee | 1 | $0 |
Kandi Brem Secretary/treasure | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Halah Property Management Inc Mangement Consultants | 12/30/21 | $228,800 |
Trinet Employee Leasing | 12/30/21 | $248,730 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $646,882 |
| Investment income | $67,747 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $155,422 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $931,451 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $41,093 |
| Compensation of current officers, directors, key employees. | $186,435 |
| Compensation of current officers, directors, key employees. | $186,435 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $97,793 |
| Fees for services: Legal | $9,117 |
| Fees for services: Accounting | $5,972 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $148,720 |
| Advertising and promotion | $0 |
| Office expenses | $21,079 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $85,675 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $142,894 |
| Insurance | $64,974 |
| All other expenses | $0 |
| Total functional expenses | $1,033,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,050 |
| Savings and temporary cash investments | $1,777,194 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $155,983 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,378,607 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,597 |
| Total assets | $7,431,431 |
| Accounts payable and accrued expenses | $30,291 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $50,000 |
| Secured mortgages and notes payable | $2,131,763 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,212,054 |
| Net assets without donor restrictions | $5,219,377 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,431,431 |
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Avenue Community Development Coporation Houston, TX | $81,189,118 | $11,542,239 |
Habitat For Humanity International Inc Fort Worth, TX | $28,701,953 | $17,323,879 |
Habitat For Humanity Of San Antonio Inc San Antonio, TX | $33,828,773 | $14,274,594 |
Housing And Community Services Inc San Antonio, TX | $78,883,961 | $25,153,792 |
Habitat For Humanity International Inc Tulsa, OK | $20,375,468 | $13,816,169 |
Front Steps Inc Austin, TX | $4,289,583 | $9,800,885 |
Operation Finally Home New Braunfels, TX | $6,586,831 | $9,808,854 |
Residential Realty Group I Inc A Delaware Corp Houston, TX | $5,107,430 | $0 |
Mccalls Community Homes Inc Ada, OK | $3,788,949 | $9,810,630 |