Milagro Properties Of Lea County Inc

Organization Overview

Milagro Properties Of Lea County Inc is located in Hobbs, NM. The organization was established in 1983. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milagro Properties Of Lea County Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.

For the year ending 06/2021, Milagro Properties Of Lea County Inc generated $159.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $89.7k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO HOLD THE TITLE TO REAL AND PERSONAL PROPERTY, COLLECT INCOME FROM PROPERTY, AND DISTRIBUTE ALL EXCESS CASH TO 501(C)(3) ORGANIZATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOLD TITLE TO REAL AND PERSONAL PROPERTY, COLLECT INCOME FROM PROPERTY, AND MAKE PERIODIC DISTRIBUTIONS OF EXCESS CASH TO THE GUIDANCE CENTER OF LEA COUNTY.


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Board, Officers & Key Employees

Name (title)Compensation
Dixie Vejil
Vice Preside
$0
Dennis Holmberg
President
$0
Shane Blevins
Secretary/tr
$0
Brandi Hughes
Director
$0
Joe Cotton
Director
$0
Brian Arnold
Director
$0

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$154,281
Investment income $35
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $159,336

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