Overview
What is Lobo Development Corporation?
Lobo Development Corporation is a nonprofit organization located in Albuquerque, New Mexico, with a specific focus on university real estate. Their activities encompass the acquisition, development, disposal, and rental of properties, all aimed at benefiting the University of New Mexico. To further its mission, Lobo Development Corporation employs business-oriented decision-making within a public educational setting, fostering alternative funding sources and promoting public-private partnerships. By doing so, they aim to enhance the University of New Mexico's competitiveness, sustainability, and long-term value, ultimately improving both campus and community quality of life. With a small team of two dedicated individuals, Lobo Development Corporation plays a significant role in shaping the University of New Mexico's real estate landscape.
Official website here: www.lobodevelopmentcorp.com
Is Lobo Development Corporation legitimate?
Lobo Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lobo Development Corporation 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: $209,583
For more financial information, click here
Official website here: www.lobodevelopmentcorp.com
What is the mission statement of Lobo Development Corporation?
Lobo Development Corporation's mission is to drive planning, development, and management of real property and facilities for the University of New Mexico. They achieve this by employing new models of engagement, incorporating business-focused decision-making within a public educational setting. This approach allows for the creation of alternative funding sources and development of public-private partnerships. The ultimate goal is to enhance the University of New Mexico's competitiveness, sustainability, and long-term value, resulting in an improvement in both campus and community quality of life.
Official website here: www.lobodevelopmentcorp.com
Who is the CEO of Lobo Development Corporation?
Teresa Costantinidis is the Director of Lobo Development Corporation. The CEO's salary of Lobo Development Corporation is $0 and their total compensation is $407,234.
Official website here: www.lobodevelopmentcorp.com
What is the revenue of Lobo Development Corporation?
Lobo Development Corporation's revenue in 2022 was $2,623,304.
Official website here: www.lobodevelopmentcorp.com
Who are the executives of Lobo Development Corporation and what are their salaries?
The average compensation at Lobo Development Corporation during 2022 was $104,792. There are 2 employees and 6 volunteers at Lobo Development Corporation.
Here are 14 key members and their salaries (Lobo Development Corporation's CEO's salary is $0 and their total compensation is $407,234):
- Compensation: $0
- Related: $427,665
- Other: $138,909
- Compensation: $0
- Related: $298,237
- Other: $108,997
- Compensation: $0
- Related: $715,536
- Other: $126,751
- Compensation: $0
- Related: $411,851
- Other: $51,564
- Compensation: $0
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $85,089
- Other: $12,505
- Compensation: $0
- Related: $368,503
- Other: $78,957
- Compensation: $0
- Related: $132,032
- Other: $36,042
- Compensation: $0
- Related: $155,791
- Other: $26,996
Official website here: www.lobodevelopmentcorp.com
Where can I find the form 990 for Lobo Development Corporation?
Lobo Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lobodevelopmentcorp.com
Learn more at the official website: www.lobodevelopmentcorp.com
Mission Statement of Lobo Development Corporation
Lobo Development Corporation, a non-profit organization, is dedicated to advancing the planning, development, and management of real property and facilities for the University of New Mexico. It achieves this mission by employing business-focused decision-making within a public educational environment. This approach allows Lobo Development Corporation to explore alternative funding sources and develop public-private partnerships, thereby enhancing the University of New Mexico's competitiveness, sustainability, and long-term value. Consequently, the organization contributes to improvements in both campus and community quality of life. In essence, Lobo Development Corporation aims to leverage its expertise in real estate acquisition, development, disposal, and rental to support the University of New Mexico's growth and success, ultimately benefiting the wider community.
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Impact
October, 2024
Lobo Development Corporation significantly enhances the University of New Mexico's capacity to manage and develop real estate in a manner that benefits both the institution and the broader community in Albuquerque, NM. By focusing on the acquisition, development, disposition, and rental of university-related properties, the corporation creates new opportunities for funding and resource generation, ensuring the university can maintain and improve its facilities.
Through innovative planning and management strategies, Lobo Development Corporation establishes public/private partnerships that drive competitive advantages for the university and contribute to its sustainability. This collaborative approach not only bolsters the university's long-term viability but also enriches the quality of life for students, faculty, and local residents alike.
The corporation plays a vital role in advancing the university’s mission while addressing community needs, making real estate decisions that prioritize educational advancements and foster an environment conducive to learning and growth. Overall, Lobo Development Corporation’s impact is felt through improved campus facilities, enhanced community engagement, and a more robust educational ecosystem in New Mexico.
This information is meant to be a general summary of Lobo Development Corporation. 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: $352,158
- Program Service Revenue: $2,253,683
- Gross Receipts: $2,623,304
Assets and Liabilities:
- Total Assets: $30,104,169
- Total Liabilities: $22,484,953
- Net Assets: $7,619,216
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMIN FEE - RENTAL INC
Revenue
$1,249,227
PROJECT REVENUE
Revenue
$725,540
REIMBURSEMENTS RELATED
Revenue
$278,916
Organization Details
Founding Year
2007
Phone
(505) 925-1600Principal Officer
Teresa Costantinidis
Main Address
801 UNIVERSITY BLVD SE SUITE 207, ALBUQUERQUE, NM, 87106
Website
www.lobodevelopmentcorp.comNTEE Category
Code: B194 - Education
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