Central New Mexico Housing Corporation
- Assets
- $611.7k
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 36
- Location
- Albuquerque, NM
- Founding
- 04/2004
- Data as of
- 06/2022
- EIN
- 52-2438418
Organization Overview
Central New Mexico Housing Corporation is located in Albuquerque, NM. The organization was established in 2004. According to its NTEE Classification (L81) the organization is classified as: Home Improvement & Repairs, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Central New Mexico Housing Corporation employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central New Mexico Housing Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Central New Mexico Housing Corporation generated $5.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $4.9m during the year ending 06/2022. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CENTRAL NEW MEXICO HOUSING CORPORATION'S MISSION IS TO HELP THE LOW INCOME FAMILIES OF NEW MEXICO MAKE THEIR HOMES ENERGY EFFICIENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEATHERIZATION IS THE NATION'S LARGEST RESIDENTIAL ENERGY EFFICIENCY PROGRAM, IT REDUCES ENERGY COSTS FOR LOW INCOME AMERICANS BY IMPROVING THE EFFICIENCY OF THEIR HOMES. THE WEATHERIZATION PROGRAM SPECIFICALLY FOCUSES ON ASSISTING LOW-INCOME PEOPLE, PRIMARILY THE ELDERLY, PERSONS WITH DISABILITIES, AND FAMILIES WITH CHILDREN. HIGH ENERGY COSTS ARE AN EXCESSIVE BURDEN ON LOW INCOME AMERICANS; WEATHERIZATION ALLEVIATES THIS BURDEN AND IMPROVES THE STANDARD OF LIVING FOR THESE INDIVIDUALS AND FAMILIES. THE ORGANIZATION SERVED APPROXIMATELY 325 HOMES DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucinda Hazzard Executive Di | Officer | 40 | $246,108 |
Isaac R Stevens Administrati | Officer | 40 | $193,702 |
Lauren Marquez Vice Preside | OfficerTrustee | 1 | $0 |
Brianna Harrand President | OfficerTrustee | 2 | $0 |
Elizabeth J Trujillo Treas/secr | OfficerTrustee | 1 | $0 |
G Randy Romero Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dons Windows | 6/29/22 | $202,632 |
Rad Tech Electric | 6/29/22 | $200,832 |
Big Bear Mech | 6/29/22 | $166,752 |
Garcia Mechanical | 6/29/22 | $163,367 |
Best Choice Builders | 6/29/22 | $168,471 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,780,025 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,235,994 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,016,019 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,016,019 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $439,810 |
| Compensation of current officers, directors, key employees. | $39,583 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,277,941 |
| Pension plan accruals and contributions | $105,447 |
| Other employee benefits | $0 |
| Payroll taxes | $126,625 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $414,718 |
| Advertising and promotion | $6,474 |
| Office expenses | $40,623 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $186,337 |
| Travel | $40,976 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,515 |
| Insurance | $360,300 |
| All other expenses | $96,315 |
| Total functional expenses | $4,924,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,120 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $384,662 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,312 |
| Net Land, buildings, and equipment | $77,615 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,000 |
| Total assets | $611,709 |
| Accounts payable and accrued expenses | $308,069 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $109,394 |
| Total liabilities | $417,463 |
| Net assets without donor restrictions | $194,246 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $611,709 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Central New Mexico Housing Corporation has recieved totaling $42,845.
| Awarding Organization | Amount |
|---|---|
New Mexico Affordable Housing Charitable Tr Albuquerque, NM PURPOSE: Veteran's Rehabilitation | $42,845 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Energy Resource Center Colorado Springs, CO | $6,468,900 | $16,157,708 |
Central New Mexico Housing Corporation Albuquerque, NM | $611,709 | $5,016,019 |
Stardust Non-Profit Building Supplies Inc Mesa, AZ | $1,445,850 | $2,380,913 |
Housing Solutions For The Southwest Inc Durango, CO | $9,256,182 | $3,579,408 |
Texas Ramp Project Richardson, TX | $1,371,349 | $1,878,533 |
Assist Inc Salt Lake City, UT | $658,618 | $1,406,038 |
Revitalize T-Town Inc Tulsa, OK | $468,164 | $1,325,668 |
2ndsaturday Community Development Corporation Dallas, TX | $375,736 | $1,156,026 |
Christmas In Action Inc Midland, TX | $1,327,753 | $810,489 |
Coalition For Compassion And Justice Prescott, AZ | $2,235,627 | $1,142,947 |
Lufkin Neighborhood Strong Lufkin, TX | $224,571 | $741,479 |
Ilazaro Charity Houston, TX | $218,712 | $582,053 |