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Regional Development Corporation

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

EIN: 742805791 ✦ Santa fe, NM ✦ Designated as a 501(c)(3)

Overview

What is Regional Development Corporation?

The Regional Development Corporation (RDC) is a nonprofit organization based in Santa Fe, New Mexico, with a mission to boost economic growth and diversification in the northern New Mexico region. This includes providing free one-on-one technical assistance services to business owners and offering funding opportunities to help diversify local economies beyond Los Alamos National Laboratory. RDC's initiatives also include the Workforce and Academic Network Pilot Project, which convenes industry and academic stakeholders to facilitate easier access to training and education for construction industry jobs in Northern New Mexico. Additionally, the organization collaborates with higher education institutions through the Higher Education Workforce Project to identify training needs and develop a well-educated workforce in the region. These initiatives are largely funded by Triad National Security, LLC, the company managing Los Alamos National Laboratory. By providing investment opportunities and technical assistance, RDC aims to stimulate job growth and foster economic development in the seven counties of Los Alamos, Mora, Rio Arriba, Sandoval, San Miguel, Santa Fe, Taos, and the municipalities and Native American Pueblos therein.


Official website here: www.rdcnm.org

Is Regional Development Corporation legitimate?

Regional Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Regional 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: $134,550
Professional Fundraising Fees: $0
Other Salaries and Wages: $190,727

For more financial information, click here


Official website here: www.rdcnm.org

What is the mission statement of Regional Development Corporation?

The Regional Development Corporation (RDC) is a private, non-profit organization, functioning under section 501(c)(3), committed to enhancing economic development in Northern New Mexico. Its mission is to facilitate job growth and economic diversification by offering private investment opportunities and providing technical assistance to various communities in seven counties: Los Alamos, Mora, Rio Arriba, Sandoval, San Miguel, Santa Fe, and Taos, as well as the municipalities and Native American Pueblos within these areas. The RDC aims to stimulate local economies, fostering sustainable development and improved livelihoods for the residents of these regions.


Official website here: www.rdcnm.org

Who is the CEO of Regional Development Corporation?

Valentine Alonzo is the Exec. Direct of Regional Development Corporation.


Official website here: www.rdcnm.org

What is the revenue of Regional Development Corporation?

Regional Development Corporation's revenue in 2022 was $1,038,194.


Official website here: www.rdcnm.org

Who are the executives of Regional Development Corporation and what are their salaries?

The average compensation at Regional Development Corporation during 2022 was $46,468. There are 7 employees at Regional Development Corporation.

Here are 11 key members and their salaries:

    Valentine Alonzo (Exec. Direct)
  • Compensation: $117,000
  • Related: $0
  • Other: $17,550

    • Jennifer Jenkins (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kristin Henderson (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jack Jekowski (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Everett Trujillo (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Linda Mclellan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cedric Page (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elmer Salazar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rebecca Wurzburger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kelly Beierschmitt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Phoebe K Suina (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.rdcnm.org

    Where can I find the form 990 for Regional Development Corporation?

    The Regional Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.rdcnm.org

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

    Mission Statement of Regional Development Corporation

    The Regional Development Corporation, a private non-profit organization based in the United States, is dedicated to enhancing economic development in northern New Mexico. This mission-driven entity provides private investment opportunities and offers technical assistance to stimulate job growth and foster economic diversity in seven counties: Los Alamos, Mora, Rio Arriba, Sandoval, San Miguel, Santa Fe, and Taos, as well as the municipalities and Native American Pueblos within these regions. By facilitating investment and offering technical support, the Regional Development Corporation aims to strengthen the economic foundations of these communities, thereby improving their overall well-being and prosperity.

    Impact

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




    Saturday, July 20, 2024

    The Regional Development Corporation's impact can be seen in its dedication to improving economic development in Northern New Mexico. Through initiatives like business retention and expansion, workforce development, and academic partnerships, the RDC aims to facilitate job growth and diversify local economies in seven counties. By providing technical assistance, funding opportunities, and industry-academic collaborations, the RDC helps create new job opportunities, reduce the impact of reductions at Los Alamos National Laboratory, and stimulate economic diversification in the region. Its efforts support community improvement and the development of a well-educated workforce, ultimately contributing to the overall economic growth and sustainability of Northern 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: $438
  • Program Service Revenue: $0
  • Gross Receipts: $1,038,194

    • Assets and Liabilities:
  • Total Assets: $1,502,973
  • Total Liabilities: $112,748
  • Net Assets: $1,390,225
  • Organization Details

    Founding Year

    1996

    Principal Officer

    Valentine Alonzo

    Main Address

    441 GREG AVE BOX 2, SANTA FE, NM, 87501

    NTEE Category

    Code: S80 - Community improvement

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