Silver Horizon New Mexico Inc
- Assets
- $128.2k
- Revenue
- $323.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Albuquerque, NM
- Founding
- 12/1980
- Data as of
- 12/2022
- EIN
- 85-0279898
Organization Overview
Silver Horizon New Mexico Inc is located in Albuquerque, NM. The organization was established in 1980. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Silver Horizon New Mexico Inc 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 12/2022, Silver Horizon New Mexico Inc generated $323.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $286.3k during the year ending 12/2022. While expenses have increased by 10.6% per year over the past 8 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
FOR 40 YEARS, SILVER HORIZONS MISSION HAS BEEN TO PROVIDE CRITICAL HELP TO EXTREMELY LOW-INCOME SENIORS, AND THE GRANDCHILDREN THEY ARE RAISING. SILVER HORIZONS HELPS WITH LIFES BASICS: FOOD, HOUSEHOLD BILLS, AND MINOR HOME REPAIRS/RETROFITS. MOST OF THE SENIORS WE ASSIST LIVE ON LESS THAN $900 PER MONTH. OUR VISION IS TO SEE SENIORS LIVING SAFE AND SECURE, IN THEIR OWN HOMES, WITH ENOUGH FOOD TO EAT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSEHOLD BILL ASSISTANCE:SILVER HORIZONS HELPS LOW-INCOME SENIORS PAY IMPORTANT HOUSEHOLD BILLS. MANY OF THE SENIORS WE ASSIST HAVE EITHER PAST-DUE BILLS, OR THEY HAVE RECEIVED DISCONNECT NOTICES. SILVER HORIZONS ASSISTS WITH WATER, LANDLINE TELEPHONE, INTERNET, VET BILLS FOR SENIORS PETS, ELECTRIC, GAS, FIREWOOD AND PROPANE (IF PRIMARY SOURCE OF HEAT) AND RENT. MINOR HOME REPAIRS/RETROFITS:SILVER HORIZONS ASSIST WITH MINOR HOME REPAIRS AND RETROFITS. WE HELP WITH ESSENTIAL REPAIRS UNDER $1,000 FOR SENIOR CITIZENS WHO QUALIFY FOR OUR PROGRAM.FOOD DISTRIBUTION:OUR GOAL IS TO PROVIDE ABOUT TWO-WEEKS WORTH OF GROCERIES (MONTHLY) TO ABOUT 3,500 IMPOVERISHED SENIORS AND TO NEARLY 1,200 GRANDCHILDREN MANY OF THESE SENIORS ARE RAISING. FREE GROCERIES ARE DISTRIBUTED IN ALBUQUERQUE, FROM SANTA FE TO BELEN, AND FROM MORIARTY TO LAGUNA, PRIMARILY THROUGH FOOD PANTRIES AND HOME DELIVERIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Hidalgo Executive Dir. | OfficerTrustee | 40 | $61,350 |
Joan Punt President | OfficerTrustee | 30 | $0 |
Gene Wampflier Treasurer | OfficerTrustee | 25 | $0 |
Cecilia Webb Secretary | OfficerTrustee | 5 | $0 |
Kathy Dieruf Director | Trustee | 25 | $0 |
Janice Edmunds Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $966 |
| Membership dues | $0 |
| Fundraising events | $16,463 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $241,418 |
| Noncash contributions included in lines 1a–1f | $2,053 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $258,847 |
| Total Program Service Revenue | $0 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,764 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $49,580 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $323,464 |
| 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. | $67,189 |
| Compensation of current officers, directors, key employees. | $10,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,638 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $196 |
| Payroll taxes | $30,098 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,161 |
| Office expenses | $3,916 |
| Information technology | $221 |
| Royalties | $0 |
| Occupancy | $32,933 |
| Travel | $3,706 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $84 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,847 |
| All other expenses | $26,532 |
| Total functional expenses | $286,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,163 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $128,163 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $128,163 |
| 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 | $128,163 |