Southwest Community Resources Inc
- Assets
- $1.7m
- Revenue
- $49.7k
- Investments
- $969.7k
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 06/1988
- Data as of
- 06/2021
- EIN
- 85-0361425
Organization Overview
Southwest Community Resources Inc is located in Albuquerque, NM. The organization was established in 1988. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, 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. Southwest Community Resources 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 06/2021, Southwest Community Resources Inc generated $49.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $85.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karlos Schmieder President | 2 | $0 | |
Louis Head Vice Preside | 2 | $0 | |
Patricia Gallegos Secretary/tr | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,003 |
| Dividends & Interest | $8,460 |
| Net Rental Income | -$14,445 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $49,663 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $10,008 |
| Taxes | $0 |
| Depreciation | $26,754 |
| Occupancy | $11,883 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,668 |
| Total operating and administrative expenses | $85,404 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $85,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,369 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $6,281 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $969,694 |
| Net Land, buildings, and equipment | $701,008 |
| Other assets | $0 |
| Total assets | $1,701,352 |
| Accounts payable and accrued expenses | $200,400 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $153,187 |
| Other liabilities | $0 |
| Total liabilities | $353,587 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southwest Community Resources Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Tides Center San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lakewest Revitalization Foundation Inc Dallas, TX | $0 | $14,279 |
San Antonio Area Foundation Group Return San Antonio, TX | $40,579,905 | $5,477,004 |
Las Sendas Community Association Scottsdale, AZ | $18,217,968 | $6,434,720 |
World Technical Services Inc San Antonio, TX | $2,009,761 | $7,407,418 |
Cinco Ranch Residential Association Dallas, TX | $13,739,829 | $9,730,745 |
First Nations Oweesta Corporation Longmont, CO | $63,460,575 | $8,550,611 |
Fifth Ward Community Redevelopment Houston, TX | $11,525,956 | $8,246,995 |
Southwest Oklahoma Community Action Group Inc Altus, OK | $4,395,408 | $6,280,585 |
Texas Appleseed Austin, TX | $7,949,482 | $7,859,791 |
Tri-Angel Unlimited Austin, TX | $8,873,410 | $5,828,691 |
Telluride Mountain Village Owners Association Mountain Village, CO | $58,036,746 | $18,777,626 |
Cplc New Mexico Inc Phoenix, AZ | $8,008,132 | $5,703,819 |