Midland Visions 2000

Tax-deductible

Granbury, TX501(c)(3)Since 1994HousingEIN 75-2531526Revenue $1.7M in FY2025

On file with the IRS3534 Abes Landing Dr, 76049-1555 · Granbury, TXTax-exempt since May 1995Publicly supported — 509(a)(2)

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Provide decent and affordable housing for lower income residents, includingminorities, women, elderly and the handicapped, in the neighborhoods withinMidland County, Texas;

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$136K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $439K a year · 46% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$136K
to officers and key staff · 6% of spending
Top officer’s pay higher than 62% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.8M
33% of total assets
Looks good: liabilities are 33% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
+124% vs prior year
Spent
$2.4M
To programs
92%
Net assets
$3.5M
By yearFY2020–FY2025
Revenue
$1.7M
FY2025▲ +124%
Tap a bar for its year
Revenue by fiscal year
FY2020$652K
FY2021$931K
FY2022$792K
FY2023$921K
FY2024$770K
FY2025$1.7M
Expenses
$2.4M
FY2025▲ +77%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.0M
FY2022$1.2M
FY2023$1.3M
FY2024$1.3M
FY2025$2.4M
Net assets
$3.5M
FY2025▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.3M
FY2021$5.2M
FY2022$4.8M
FY2023$4.3M
FY2024$3.7M
FY2025$3.5M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $2.2M Management & general 8% · $187K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $136K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$135,833Pt VII · Sec A
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A

Arlene Love’s $136K as Executive Director is at the 62nd percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Arlene Love$135,833$182,977$159,121$174,798$186,434$186,164
Kandi Brem——$8,628———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Builds safe, affordable homes for low-income residents in Midland County.

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Provided by the organization

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1 program · $2.2M · in their own filed words · FY2025
01

Provide decent and affordable housing for lower income residents, includingminorities, women, elderly and the handicapped, in the neighborhoods withinMidland County, Texas;

$2.2Mprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Investment incomeLn 3$946K
Fees for servicesLn 2g$775K
Money outPt IX
$2.4M
Ln 25
Programscol B$2.2M
Managementcol C$187K
Owns and owesPt X
$3.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$5.3M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$775K
Investment incomeLn 3$946K
Gains on assetsLn 7$834K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$89K
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.2M
Land, buildings, equipmentLn 10c$4.0M
Total assetsLn 16$5.3M
LiabilitiesLn 26$1.8M
Net assetsLn 32$3.5M
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$523K$1.2M
Land, buildings, equipmentLn 10c$5.0M$4.0M
Total assetsLn 16$5.6M$5.3M
LiabilitiesLn 26$1.8M$1.8M
Net assetsLn 32$3.7M$3.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$136K$136K
Other salaries and wagesLn 7$29K$29K
Other employee benefitsLn 9$51K$51K
Payroll taxesLn 10$19K$19K
Management feesLn 11a$183K$183K
Legal feesLn 11b$7K$7K
Other fees for servicesLn 11g$23K$23K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$35K$35K
OccupancyLn 16$120K$120K
TravelLn 17$8K$8K
InterestLn 20$91K$91K
Depreciation, depletion and amortizationLn 22$142K$142K
InsuranceLn 23$110K$110K
Other expenses (24a–d)Ln 24$1.4M$1.4M
All other expensesLn 24e$13K$13K
Total functional expensesLn 25$2.4M$2.2M$187K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.7M$2.4M−$666K$3.5M 990 PDF
FY2024 $770K$1.3M−$580K$3.7M 990 PDF
FY2023 $921K$1.3M−$362K$4.3M 990 PDF
FY2022 $792K$1.2M−$408K$4.8M 990 PDF
FY2021 $931K$1.0M−$102K$5.2M 990 PDF
FY2020 $652K$1.2M−$515K$5.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $1,720,944 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $757,502$774,700
I-10 Investment incomePrior year $12,321$946,244
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $769,823$1,720,944
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $216,225$235,185
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,133,689$2,151,942
I-18 Total expensesPrior year $1,349,914$2,387,127
I-19 Revenue less expensesPrior year −$580,091−$666,183
Part VI · Governance 4 of 4 board members independent, 5 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $1,720,944 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $774,700$774,700
VIII-3 Investment incomeRelated to mission $112,659$112,659
VIII-7 Net gain or loss on sales of assetsRelated to mission $833,585$833,585
VIII-12 Total revenueRelated to mission $1,720,944 · Unrelated business $0 · Excluded from tax $0$1,720,944
Part IX · Statement of functional expenses $2,387,127 across 16 lines filed
IX-5 Pay of current officers, directors and key staffManagement $135,833$135,833
IX-7 Other salaries and wagesPrograms $29,226$29,226
IX-9 Other employee benefitsManagement $51,264$51,264
IX-10 Payroll taxesPrograms $18,862$18,862
IX-11a Management feesPrograms $183,423$183,423
IX-11b Legal feesPrograms $7,036$7,036
IX-11g Other fees for servicesPrograms $23,178$23,178
IX-12 Advertising and promotionPrograms $1,361$1,361
IX-13 Office expensesPrograms $34,959$34,959
IX-16 OccupancyPrograms $119,580$119,580
IX-17 TravelPrograms $8,267$8,267
IX-20 InterestPrograms $90,563$90,563
IX-22 Depreciation, depletion and amortizationPrograms $141,564$141,564
IX-23 InsurancePrograms $110,309$110,309
IX-24 Other expenses (24a–d)Programs $1,418,477$1,418,477
IX-24e All other expensesPrograms $13,225$13,225
IX-25 Total functional expensesPrograms $2,200,030 · Management $187,097 · Fundraising $0$2,387,127
Part X · Balance sheet $5,267,733 assets, 8 lines filed
Asset lines not itemized here account for $85,814; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $56,183$89,176
X-2 Savings and temporary cash investmentsStart of year $466,659$1,107,286
X-10c Land, buildings and equipment, netStart of year $4,968,255$3,985,457
X-16 Total assetsStart of year $5,574,867$5,267,733
X-26 Total liabilitiesStart of year $1,830,446$1,754,990
X-27 Net assets without donor restrictionsStart of year $3,744,421$3,512,743
X-32 Total net assets or fund balancesStart of year $3,744,421$3,512,743
X-33 Total liabilities and net assetsStart of year $5,574,867$5,267,733
Part XI · Reconciliation of net assets $3,512,743 net assets at year end
XI-1 Total revenue$1,720,944
XI-2 Total expenses$2,387,127
XI-3 Revenue less expenses−$666,183
XI-4 Net assets at start of year$3,744,421
XI-9 Other changes in net assets$434,505
XI-10 Net assets at end of year$3,512,743

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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