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Echols Place Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 680603123 ✦ Farmington, NM ✦ Designated as a 501(c)(3)

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Overview

What is Echols Place Corporation?

Echols Place Corporation is a nonprofit organization located in Farmington, New Mexico, with an address at 1816 East Mojave Street. Their primary mission is to provide affordable housing specifically designed to meet the needs of low-income disabled individuals. This mission is carried out through the operation of a 14-unit apartment complex, ensuring that these individuals have access to a suitable living environment.

Is Echols Place Corporation legitimate?

Echols Place Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Echols Place 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: $8,694

For more financial information, click here

What is the mission statement of Echols Place Corporation?

The Echols Place Corporation is dedicated to providing affordable housing specifically designed to cater to the needs of disabled individuals. Their mission is to create living spaces that are tailored to accommodate the unique requirements of these individuals, ensuring they have a comfortable and accessible living environment. The corporation has demonstrated this commitment by constructing a 14-unit apartment complex, designed for low-income disabled persons. By providing such accommodations, Echols Place Corporation aims to contribute positively to the lives of disabled individuals, enhancing their overall living experience.

Who is the CEO of Echols Place Corporation?

Sandy Chancey is the President of Echols Place Corporation.

What is the revenue of Echols Place Corporation?

Echols Place Corporation's revenue in 2022 was $88,274.

Who are the executives of Echols Place Corporation and what are their salaries?


Here are 3 key members and their salaries:


Sandy Chancey (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scot Fishburn (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Watkins (Secretary/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Echols Place Corporation?

Echols Place Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Echols Place Corporation

Echols Place Corporation is committed to providing affordable housing specifically designed to meet the needs of disabled individuals. This mission is fulfilled through the creation and management of living spaces that cater to the unique requirements of these individuals. The corporation has demonstrated this commitment by establishing a 14-unit apartment complex, tailored to accommodate low-income disabled persons. This complex is designed with their needs in mind, offering a home that fosters their independence and well-being. Echols Place Corporation's dedication to affordable housing for disabled persons is evident in its efforts to create living spaces that cater to their specific needs, thus enhancing their quality of life.

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Impact




October, 2024

Echols Place Corporation significantly impacts its community by providing affordable housing tailored for individuals with disabilities. Located in Farmington, New Mexico, it operates a 14-unit apartment complex specifically designed to meet the unique needs of low-income disabled persons. By offering accessible living spaces, Echols Place enhances the quality of life for residents, promoting independence and community integration. This initiative not only addresses the critical shortage of suitable housing for disabled individuals but also fosters a supportive environment that helps residents thrive.




This information is meant to be a general summary of Echols Place 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.

Revenue
$88,274 (2022)
Expenses
$105,431 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $36
  • Program Service Revenue: $22,948
  • Gross Receipts: $88,274

Assets and Liabilities:

  • Total Assets: $935,894
  • Total Liabilities: $1,254,383
  • Net Assets: -$318,489

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RESIDENTIAL APARTMENTS

Revenue

$22,948

Organization Details

Founding Year

2007

Principal Officer

Sandy Chancey

Main Address

1816 EAST MOJAVE STREET, FARMINGTON, NM, 87401

NTEE Category

Code: L22 - Housing

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