VILLAGE PLACE CHARITABLE TRUST

Address
2626 JBS PKWY
ODESSA, TX 797611957
Contact
Phone: +1 (432) 550-2708
Nonprofit
NTEE: L99 - Housing, Shelter N.E.C.
EIN: 75-1339785

Mission

LOW & MODERATE INCOME HOUSING
 201420132012
Basic features of the organization
Year of formation1970
Subsection501(c)(3)
Organization typeCorporation
Metropolitan statistical area5800
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel $53,000.00$53,000.00
Sum of reportable (W2/1099) compensation$38,114.00$53,000.00$53,000.00
Number of employees566
Number of volunteers101010
Personnel
Clark, Don
TitleTRUSTEETRUSTEETRUSTEE
Name of key/compensated personDON CLARKDON CLARKDON CLARK
Average hours per week working for org2.002.002.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionOfficerOfficerOfficer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Headlee, James
TitleTRUSTEETRUSTEETRUSTEE
Name of key/compensated personJAMES HEADLEEJAMES HEADLEEJAMES HEADLEE
Average hours per week working for org2.002.002.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionOfficerOfficerOfficer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Richmond, Winfred
TitleTRUSTEETRUSTEETRUSTEE
Name of key/compensated personWINFRED RICHMONDWINFRED RICHMONDWINFRED RICHMOND
Average hours per week working for org2.002.002.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionOfficerOfficerOfficer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Todd, Jimmy
TitleSEC./TREAS.SEC./TREAS.SEC./TREAS.
Name of key/compensated personJIMMY TODDJIMMY TODDJIMMY TODD
Average hours per week working for org2.002.002.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionOfficerOfficerOfficer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Vincent, Phil
TitleTRUSTEETRUSTEETRUSTEE
Name of key/compensated personPHIL VINCENTPHIL VINCENTPHIL VINCENT
Average hours per week working for org2.002.002.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionOfficerOfficerOfficer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Wells, Darrell
Title PRESPRES
Name of key/compensated person DARRELL WELLSDARRELL WELLS
Average hours per week working for org 2.002.00
Reportable compensation from org $0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00
Position OfficerOfficer
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00
Wilkerson, Harry
TitleAPT MGRAPT MGRAPT MGR
Name of key/compensated personHARRY WILKERSONHARRY WILKERSONHARRY WILKERSON
Average hours per week working for org40.0040.0040.00
Reportable compensation from org$38,114.00$53,000.00$53,000.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionKey employeeKey employeeKey employee
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Purpose: mission, activities & accomplishments
Mission or significant activitiesLOW & MODERATE INCOME HOUSINGLOW & MODERATE INCOME HOUSINGLOW & MODERATE INCOME HOUSING
Program expenses (total)$1,917,353.00$901,949.00$783,818.00
Programs, including revenue & expenses
TO FURNISH LOW & MODERATE INCOME HOUSING UNDER HUD GUIDELINES; APPROXIAMATELY 100 FAMILIES ARE PROVIDED HOUSING IN THIS PROJECT
Program expenses$1,917,353.00$901,949.00$783,818.00
Program revenue$1,805,857.00$837,818.00$821,766.00
Program descriptionTO FURNISH LOW & MODERATE INCOME HOUSING UNDER HUD GUIDELINES; APPROXIAMATELY 100 FAMILIES ARE PROVIDED HOUSING IN THIS PROJECTTO FURNISH LOW & MODERATE INCOME HOUSING UNDER HUD GUIDELINES; APPROXIAMATELY 100 FAMILIES ARE PROVIDED HOUSING IN THIS PROJECTTO FURNISH LOW & MODERATE INCOME HOUSING UNDER HUD GUIDELINES; APPROXIAMATELY 100 FAMILIES ARE PROVIDED HOUSING IN THIS PROJECT
Financial data
Expense categories (totals)
Sum (total functional expenses)$1,917,353.00$901,949.00$783,818.00
Program services (total functional expenses)$1,917,353.00$901,949.00$783,818.00
Management & general (total functional expenses)$0.00$0.00$0.00
Fundraising (total functional expenses)$0.00$0.00$0.00
Revenue
Total revenue$1,805,857.00$837,818.00$825,558.00
Program service revenue (total)$143,402.00$837,816.00$825,555.00
Revenue from contributions (total)$6,620.00$0.00 
Investment income$1,655,835.00$2.00$3.00
Total unrelated business revenue$0.00$0.00$0.00
Other revenue, current yr$0.00$0.00$0.00
Total revenue from grants, etc., current yr$6,620.00$0.00$0.00
Gross receipts$1,805,857.00$837,818.00$825,558.00
Sources of contributions
Revenue from all other contributions$6,620.00  
Other types of revenue
Income from dividends, interest, and similar investments$1.00$2.00$3.00
Net rental income$0.00$0.00 
Fees for services
Legal fees (total)  $750.00
Fundraising service fees (total)$0.00$0.00$0.00
Accounting service fees (total)$4,366.00$5,450.00$7,150.00
Assets and liabilities
Total assets$0.00$229,083.00$343,175.00
Total assets, beginning of year$229,083.00$343,175.00$255,053.00
Total liabilities$0.00$117,587.00$167,548.00
Total liabilities, beginning of year$117,587.00$167,548.00$110,275.00
Net assets$0.00$111,496.00$175,627.00
Net assets, beginning of year$111,496.00$175,627.00$144,778.00
Other liabilities $18,912.00$16,733.00
Cash: non-interest bearing $53,708.00$123,801.00
Cash: non-interest bearing, beginning of year$53,708.00$123,801.00$52,828.00
Inventories for sale or use $1,000.00$1,000.00
Other financial variables
Revenue less expenses-$111,496.00-$64,131.00$41,740.00
Savings & temp cash investment $256.00$256.00
Accounts receivable, net $7,702.00$3,333.00
Accounts payable & accrued expenses $9,992.00$80,770.00
Deferred revenue  $1,396.00
Secured mortgages and notes payable $88,683.00$68,649.00
Total net assets or fund balances$0.00$111,496.00$175,627.00
Depreciation, depletion, amortization$34,303.00$54,406.00$54,406.00
Governance and accountability
Number of voting members888
Number of independent voting members888
Financial sheets auditedTrueTrueTrue
Tax year start date2013-07-012012-07-012011-07-01
Tax year end date2014-06-302013-06-302012-06-30
Accounting methodAccrualAccrualAccrual
Indicators for schedules (selected)
Grants to domestic org/gov't >$5kTrue  
Metadata about the filing
E-return type990990990
Reason for form submission
Address change True 
Final return / terminatedTrue  
Amended return  True
Date e-filing submitted2014-10-232013-12-042013-12-16
IRS schema version2013v3.12012v2.02011v1.2
Filing identifier201432259349303213201332839349301208201312819349301306
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