Overview
What is Southwestern Regional Housing And Community Development Corp?
The Southwestern Regional Housing and Community Development Corp, situated in Deming, New Mexico, is a dedicated nonprofit organization. Their primary mission is to offer affordable housing and housing resources to low and moderate-income residents in Luna, Hidalgo, Canton, Grant, and Sierra Counties. To achieve this, they foster cooperation among organizations promoting affordable housing, promote debt management and credit counseling, and actively identify and address housing needs within their community, implementing suitable solutions. Recently, they have completed re-roofing projects for 78 low-income families, revamped their weatherization programs internally, and closed on 5 self-help homes. With a team of 22 employees, Southwestern Regional Housing and Community Development Corp is committed to enhancing living conditions for its community members.
Official website here: www.swnm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Southwestern Regional Housing And Community Development Corp has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The score is primarily based on the organization's commitment to transparency and effective management of resources, earning a full score in several key accountability categories.
The organization demonstrates strong governance, with a board comprised entirely of independent members, which enhances its credibility. Notably, it has established comprehensive policies such as conflict of interest and whistleblower protections, which are critical for maintaining ethical standards. Its financial performance is also commendable, with 94.87% of its expenses directed towards programs, highlighting its focus on mission impact.
There are no significant limitations noted in the data regarding financial practices or governance challenges; however, the rating solely reflects accountability and finance metrics. Overall, the Southwestern Regional Housing And Community Development Corp stands out as a well-managed nonprofit committed to its community development goals.
This AI summary has been generated from information found on Charity Navigator.
Is Southwestern Regional Housing And Community Development Corp legitimate?
Southwestern Regional Housing And Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southwestern Regional Housing And Community Development Corp 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $85,668
Professional Fundraising Fees: $0
Other Salaries and Wages: $762,066
For more financial information, click here
Official website here: www.swnm.org
What is the mission statement of Southwestern Regional Housing And Community Development Corp?
The Southwestern Regional Housing and Community Development Corp's mission is centered around providing affordable housing and related resources to individuals and families with low to moderate income. The organization aims to foster cooperation among various organizations to advance affordable housing initiatives. Additionally, it promotes debt management and credit counseling services to help low and moderate income individuals and families manage their finances better. The corporation identifies areas of housing needs within the community and actively seeks out and implements solutions to address these needs.
Official website here: www.swnm.org
Who is the CEO of Southwestern Regional Housing And Community Development Corp?
Veronika Molina is the Executive Di of Southwestern Regional Housing And Community Development Corp.
Official website here: www.swnm.org
What is the revenue of Southwestern Regional Housing And Community Development Corp?
Southwestern Regional Housing And Community Development Corp's revenue in 2022 was $2,490,469.
Official website here: www.swnm.org
Who are the executives of Southwestern Regional Housing And Community Development Corp and what are their salaries?
The average compensation at Southwestern Regional Housing And Community Development Corp during 2022 was $38,533. There are 22 employees at Southwestern Regional Housing And Community Development Corp.
Here are 5 key members and their salaries:
- Compensation: $85,668
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.swnm.org
Where can I find the form 990 for Southwestern Regional Housing And Community Development Corp?
Southwestern Regional Housing And Community Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.swnm.org
Learn more at the official website: www.swnm.org
Mission Statement of Southwestern Regional Housing And Community Development Corp
The Southwestern Regional Housing and Community Development Corp, abbreviated as SRHCDC, is committed to providing affordable housing and related resources to low and moderate-income individuals and families residing in Luna, Hidalgo, Catrón, Grant, and Sierra Counties. This nonprofit organization aims to foster cooperation among various organizations, working together to advance affordable housing. In addition to this, SRHCDC emphasizes debt management and credit counseling services for those in the same income bracket. The corporation is proactive in identifying housing needs within the community and actively seeks out and implements solutions to address these issues.
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Impact
October, 2024
Southwestern Regional Housing and Community Development Corporation (SRHCDC) focuses on enhancing the living conditions of low- and moderate-income residents in Luna, Hidalgo, Catron, Grant, and Sierra Counties. Through its dedicated efforts, SRHCDC has made a significant impact by addressing critical housing needs and improving the quality of life in these communities.
In recent initiatives, SRHCDC successfully re-roofed 78 homes, providing essential repairs that help ensure safety and comfort for families. The organization has also revamped its weatherization programs to enhance energy efficiency and reduce living costs for residents. Additionally, SRHCDC has facilitated the construction of five single-family self-help homes, empowering families to take an active role in building their own futures.
Beyond housing construction and repairs, SRHCDC promotes financial literacy by offering debt management and credit counseling services to individuals and families, enabling them to make informed financial decisions. By fostering collaboration among various organizations to advance affordable housing initiatives, SRHCDC plays a pivotal role in identifying community needs and implementing effective solutions. This holistic approach not only addresses immediate housing challenges but also strengthens the economic and social fabric of the communities it serves.
This information is meant to be a general summary of Southwestern Regional Housing And Community Development Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,547
- Program Service Revenue: $33,080
- Gross Receipts: $2,553,976
Assets and Liabilities:
- Total Assets: $1,975,787
- Total Liabilities: $794,574
- Net Assets: $1,181,213
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$33,080
Organization Details
Founding Year
2001
Phone
(575) 546-4181Principal Officer
Veronika Molina
Main Address
109 E PINE STREET, DEMING, NM, 88030
Website
www.swnm.orgNTEE Category
Code: P20 - Human services
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