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New Mexico Housing & Community Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 421596718 ✦ Truth or consequences, NM ✦ Designated as a 501(c)(3)

Overview

What is New Mexico Housing & Community Development Corporation?

New Mexico Housing & Community Development Corporation is a nonprofit organization situated in Truth or Consequences, New Mexico. Their primary mission is to ensure the availability and enhance the quality of affordable housing for moderate and low-income families across the state. They accomplish this through property rehabilitation and professional management. Notably, they have recently completed renovations in their community room, laundry facilities, and landscaping to further improve their services. The organization continues to support elderly and/or disabled families throughout New Mexico by providing them with affordable housing solutions.


Official website here: www.torchousing.org

Is New Mexico Housing & Community Development Corporation legitimate?

New Mexico Housing & Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Mexico Housing & Community Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.torchousing.org

What is the mission statement of New Mexico Housing & Community Development Corporation?

The New Mexico Housing & Community Development Corporation is dedicated to enhancing the availability and quality of affordable housing options for moderate and low-income families across the state. They achieve this goal through property rehabilitation and professional management strategies. The organization's efforts have been successful in promoting affordable housing, improving the living conditions of many families in need. One of their programs, Help I, offers affordable housing to elderly and/or disabled families in New Mexico. This program has undergone complete renovations, including the community room, laundry facilities, and landscaping, to provide a more comfortable living environment for its residents.


Official website here: www.torchousing.org

Who is the CEO of New Mexico Housing & Community Development Corporation?

Steven Rice is the Chairman of New Mexico Housing & Community Development Corporation.


Official website here: www.torchousing.org

What is the revenue of New Mexico Housing & Community Development Corporation?

New Mexico Housing & Community Development Corporation's revenue in 2022 was $1,136,011.


Official website here: www.torchousing.org

Who are the executives of New Mexico Housing & Community Development Corporation and what are their salaries?

Here are 4 key members and their salaries:

    Greg D'Amour (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lee Ann Tooley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Earl Greer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel Mena (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.torchousing.org

    Where can I find the form 990 for New Mexico Housing & Community Development Corporation?

    The New Mexico Housing & Community Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.torchousing.org

    Learn more at the official website: www.torchousing.org

    Mission Statement of New Mexico Housing & Community Development Corporation

    The New Mexico Housing & Community Development Corporation is dedicated to enhancing the availability and quality of affordable housing for moderate and low-income families across New Mexico. They accomplish this mission through property rehabilitation and professional management strategies. By renovating and managing properties, the corporation ensures that viable housing options become accessible to those who might otherwise struggle to afford them.

    In line with their objectives, the New Mexico Housing & Community Development Corporation has implemented programs like the Help program, which offers affordable housing to elderly and/or disabled families throughout the state. This program underwent a comprehensive renovation, transforming its community room, laundry facilities, and landscaping to better serve its residents. This renovation highlights the organization's commitment to providing not just housing, but also comfortable and functional living spaces for its residents.

    Impact

    This information is meant to be a general summary of New Mexico Housing & Community Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    New Mexico Housing & Community Development Corporation's impact can be seen in the successful promotion of the availability and quality of affordable housing for moderate and low-income families throughout New Mexico. Through their activities focusing on property rehabilitation and professional management, the organization plays a vital role in providing housing solutions for those in need. Specifically, their Help I program has resulted in the complete renovation of community rooms, laundry facilities, and landscapes, ultimately benefiting elderly and disabled families across the state. This tangible impact underscores the organization's commitment to addressing housing challenges and improving the lives of individuals and families in New Mexico.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $413
  • Program Service Revenue: $1,002,173
  • Gross Receipts: $1,136,011

    • Assets and Liabilities:
  • Total Assets: $5,498,715
  • Total Liabilities: $1,450,103
  • Net Assets: $4,048,612
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    DWELLING RENTAL

    Revenue

    $371,978

    TENANT ASSISTANCE

    Revenue

    $569,198

    DEVELOPER FEES
    GRANTS

    Revenue

    $60,997

    Organization Details

    Principal Officer

    Steven Rice

    Main Address

    108 S CEDAR, TRUTH OR CONSEQUENCES, NM, 87901

    NTEE Category

    Code: L20 - Housing

    If you are a representative of New Mexico Housing & Community Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.