Use the Text Editor module to add a block of text. The Text Editor module uses an instance of the standard WordPress editor. The difference is that you have more control in positioning the text on the page.
You can add headings images, and make simple changes to text formatting, just as you do in the standard WordPress editor.
If you want more control over the spacing of headings, images, and text, use separate Heading and Photo modules.
You can style text within the text editor itself, but on the Style tab that are a number of settings that apply to the entire body of text, such as text color, font settings, and horizontal alignment, making it easy to set and change options that apply to the entire module.
There are all the usual Advanced tab settings for margins, visibility, animations, and advanced HTML settings.