Roosevelt County Community Development Corporation
- Assets
- $248.0k
- Revenue
- $125.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Portales, NM
- Founding
- 12/2003
- Data as of
- 06/2022
- EIN
- 85-0331973
Organization Overview
Roosevelt County Community Development Corporation is located in Portales, NM. The organization was established in 2003. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roosevelt County Community Development 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, Roosevelt County Community Development Corporation generated $125.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $188.2k during the year ending 06/2022. While expenses have increased by 6.6% 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
FULL SERVICE ECONOMIC DEVELOPMENT IN PORTALES, AND EASTERN NEW MEXICO UNIVERSITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL PROGRAM FOR THE CONTINUED IMPROVEMENT OF LOCAL ECONOMY WITH AN
GENERAL ADMINISTRATIVE FOR CONTINUED IMPROVEMENT OF LOCAL ECONOMY WITH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Segovia President | OfficerTrustee | 2 | $0 |
Megan Hamilton Vice President | OfficerTrustee | 1 | $0 |
Bruce Nixon Secretary/trea | Officer | 1 | $0 |
Jodi Diaz Executive Dire | Officer | 40 | $7,550 |
Michael Lucero Executive Dire | Officer | 40 | $56,571 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $104,683 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,900 |
| 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 | $125,593 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,794 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,047 |
| Fees for services: Management | $44 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,012 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,547 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,396 |
| Advertising and promotion | $570 |
| Office expenses | $8,924 |
| Information technology | $2,277 |
| Royalties | $0 |
| Occupancy | $14,187 |
| Travel | $43 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $805 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,230 |
| All other expenses | $0 |
| Total functional expenses | $188,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,805 |
| Savings and temporary cash investments | $124,775 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,438 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $247,980 |
| Accounts payable and accrued expenses | $17,442 |
| 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 | $17,442 |
| Net assets without donor restrictions | $167,012 |
| Net assets with donor restrictions | $63,526 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $230,538 |