Overview
What is New Mexico Affordable Housing Charitable Trust?
The New Mexico Affordable Housing Charitable Trust is a dedicated nonprofit organization situated in Albuquerque, New Mexico. Its primary mission is to gather funds, which are subsequently distributed to individuals belonging to low and moderate income brackets. This financial aid is utilized for various residential housing improvements such as land acquisition, infrastructure construction, building acquisition, remodeling, improvement, rehabilitation, conversion, weatherization, and financing. By providing this assistance, the trust aims to enhance the living conditions of those in need, ensuring they have access to suitable and well-maintained homes.
Official website here: www.housingnm.org
What do the Facebook reviews say about New Mexico Affordable Housing Charitable Trust?
100% of the 9 reviewers on Facebook recommend New Mexico Affordable Housing Charitable Trust. Here is a summary of their reviews:
The organization is praised for its impactful programs that assist individuals in achieving homeownership who otherwise might not have that opportunity. Reviewers express deep appreciation for the services provided, highlighting how essential they are to many families in need.
Overall, the sentiments encompass admiration for the trust’s commitment to helping the community, showcasing a strong belief in its mission and the positive difference it is making.
This AI summary has been generated from reviews found on Facebook.
Is New Mexico Affordable Housing Charitable Trust legitimate?
New Mexico Affordable Housing Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Mexico Affordable Housing Charitable Trust 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,730
For more financial information, click here
Official website here: www.housingnm.org
What is the mission statement of New Mexico Affordable Housing Charitable Trust?
The New Mexico Affordable Housing Charitable Trust's primary mission is to raise funds, which are subsequently distributed to individuals in the low and moderate income brackets. This financial aid is intended to support various residential home-related projects, including acquisition, rehabilitation, and repair. The funds provided by the trust are utilized for a range of purposes, such as land acquisition, infrastructure construction, home acquisition, remodeling, improvement, rehabilitation, conversion, weatherization, and financing residential housing. The ultimate goal is to make housing more accessible and affordable for individuals with limited financial resources.
Official website here: www.housingnm.org
What is the revenue of New Mexico Affordable Housing Charitable Trust?
New Mexico Affordable Housing Charitable Trust's revenue in 2023 was $519,333.
Official website here: www.housingnm.org
Who are the executives of New Mexico Affordable Housing Charitable Trust and what are their salaries?
There 7 volunteers at New Mexico Affordable Housing Charitable Trust.
Here are 17 key members and their salaries:
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- Compensation: $191
- Related: $177,901
- Other: $52,901
- Compensation: $98
- Related: $130,452
- Other: $41,571
- Compensation: $86
- Related: $97,175
- Other: $34,728
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- Compensation: $534
- Related: $141,681
- Other: $41,854
- Compensation: $29
- Related: $133,284
- Other: $45,305
- Compensation: $0
- Related: $122,177
- Other: $43,806
- Compensation: $0
- Related: $108,754
- Other: $36,096
Official website here: www.housingnm.org
Where can I find the form 990 for New Mexico Affordable Housing Charitable Trust?
New Mexico Affordable Housing Charitable Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.housingnm.org
Learn more at the official website: www.housingnm.org
Mission Statement of New Mexico Affordable Housing Charitable Trust
The New Mexico Affordable Housing Charitable Trust is dedicated to raising funds with the primary goal of distributing them to individuals within the low and moderate income levels. This mission aims to assist these individuals in acquiring, rehabilitating, and repairing residential homes. By providing funds for land acquisition, infrastructure construction, building acquisition, remodeling, improvement, rehabilitation, conversion, weatherization, and financing, the Trust seeks to enhance residential housing opportunities for those in need of affordable living spaces. This initiative plays a significant role in promoting housing equity and ensuring that individuals from lower income brackets have access to decent living conditions.
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Impact
October, 2024
The New Mexico Affordable Housing Charitable Trust significantly impacts low and moderate-income individuals by providing essential financial support for home acquisition, rehabilitation, and repairs. By raising funds that are distributed to those in need, the Trust facilitates access to housing, enabling families to secure safe and stable living environments.
Through its efforts, the Trust plays a vital role in funding land acquisition, infrastructure development, and improvements to residential properties. This comprehensive approach not only enhances the quality of housing but also contributes to community development and revitalization. By focusing on weatherization, remodeling, and conversion of homes, the Trust addresses essential housing needs while promoting sustainable living practices.
In Albuquerque and throughout New Mexico, the Trust empowers individuals and families, fostering economic stability and enhancing the overall quality of life for those it serves. Its contributions to financing residential housing ensure that more people can achieve homeownership, ultimately leading to stronger, more resilient communities.
This information is meant to be a general summary of New Mexico Affordable Housing Charitable Trust. 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 2023.
- Investment Income: $165
- Gross Receipts: $519,333
Assets and Liabilities:
- Total Assets: $902,646
- Total Liabilities: $19,097
- Net Assets: $883,549
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Organization Details
Founding Year
2007
Principal Officer
Arundhati Bose
Website
www.housingnm.orgNTEE Category
Code: L990 - Housing
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