Overview
What is New Mexico Inter-Faith Housing Development Corp?
New Mexico Inter-Faith Housing Development Corp is a nonprofit organization dedicated to creating and managing high-quality affordable housing in stable communities. In 2020, the organization completed the financial closing and construction of the Siler Yard Project, a 65-unit complex in Santa Fe, New Mexico. They also refined operations at Colina Vista, a renovated apartment project in Carlsbad, New Mexico. During the COVID-19 pandemic, they supported community responses and aided the local housing advocacy coalition in creating resource directories for individuals facing housing insecurity. Despite the pandemic, the organization worked on potential projects in Gallup, New Mexico, which was put on hold. Their charitable purpose involves providing supportive services at no cost to residents for educational purposes and economic self-sufficiency, and participating in government housing designed to provide affordable housing. The organization has a small workforce of just two employees.
Official website here: www.interfaithgroup.org
Is New Mexico Inter-Faith Housing Development Corp legitimate?
New Mexico Inter-Faith Housing Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Mexico Inter-Faith Housing 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: $73,740
Professional Fundraising Fees: $0
Other Salaries and Wages: $136,161
For more financial information, click here
Official website here: www.interfaithgroup.org
What is the mission statement of New Mexico Inter-Faith Housing Development Corp?
New Mexico Inter-Faith Housing Development Corp carries out its charitable objectives by developing, producing, and managing high-quality affordable housing in stable communities. They offer supportive services at no cost to residents, primarily focused on educational purposes and economic self-sufficiency. Additionally, the organization participates in government housing initiatives designed to provide affordable housing options.
Official website here: www.interfaithgroup.org
Who is the CEO of New Mexico Inter-Faith Housing Development Corp?
Daniel Werwath is the President of New Mexico Inter-Faith Housing Development Corp.
Official website here: www.interfaithgroup.org
What is the revenue of New Mexico Inter-Faith Housing Development Corp?
New Mexico Inter-Faith Housing Development Corp's revenue in 2020 was $343,911.
Official website here: www.interfaithgroup.org
Who are the executives of New Mexico Inter-Faith Housing Development Corp and what are their salaries?
The average compensation at New Mexico Inter-Faith Housing Development Corp during 2020 was $104,950. There are 2 employees at New Mexico Inter-Faith Housing Development Corp.
Here are 6 key members and their salaries:
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- Compensation: $73,740
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Official website here: www.interfaithgroup.org
Where can I find the form 990 for New Mexico Inter-Faith Housing Development Corp?
New Mexico Inter-Faith Housing Development Corp's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.interfaithgroup.org
Learn more at the official website: www.interfaithgroup.org
Mission Statement of New Mexico Inter-Faith Housing Development Corp
New Mexico Inter-Faith Housing Development Corp is a charitable organization committed to making a significant impact in the realm of affordable housing. Their mission is multifaceted, encompassing three key areas. Firstly, they engage in the development, production, and management of high-quality affordable housing in stable communities. This ensures that individuals and families have access to suitable living spaces.
Secondly, New Mexico Inter-Faith Housing Development Corp offers supportive services at no cost to its residents for educational and economic self-sufficiency purposes. This means they provide resources and guidance to help residents improve their skills and gain financial independence.
Lastly, the corporation participates in government housing initiatives designed to provide affordable housing. By collaborating with government programs, they can extend their reach and impact, ensuring that more people have access to affordable housing options. In essence, New Mexico Inter-Faith Housing Development Corp is dedicated to improving the lives of its residents by providing them with affordable housing and the necessary support to achieve self-sufficiency.
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Impact
October, 2024
New Mexico Inter-Faith Housing Development Corp significantly impacts the community by creating and managing high-quality affordable housing within stable environments. The organization focuses on providing essential supportive services to residents, aiding them in educational pursuits and promoting economic self-sufficiency at no cost.
In 2020, a key achievement was the financial closing and construction commencement of the Siler Yard Project in Santa Fe, which consists of 65 affordable rental units. This development exemplifies the organization's commitment to addressing housing needs. Additionally, through the management of the renovated Colina Vista apartments in Carlsbad, they continue to enhance living conditions for residents.
Moreover, during the COVID-19 pandemic, the organization played a crucial role in supporting local housing advocacy efforts. They assisted in creating resource directories to help those facing housing insecurity, demonstrating their adaptability and commitment to community resilience. Additionally, they are working towards potential projects, such as one in Gallup, New Mexico, further showcasing their proactive approach to expanding affordable housing solutions.
This information is meant to be a general summary of New Mexico Inter-Faith Housing 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 2020.
- Investment Income: $79,311
- Program Service Revenue: $54,600
- Gross Receipts: $343,911
Assets and Liabilities:
- Total Assets: $3,524,737
- Total Liabilities: $657,340
- Net Assets: $2,867,397
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEE
Revenue
$54,600
Organization Details
Founding Year
2009
Phone
(505) 467-8340Principal Officer
Daniel Werwath
Main Address
3701 KIRBY DRIVE SUITE 860, HOUSTON, TX, 77098
Website
www.interfaithgroup.orgNTEE Category
Code: L20 - Housing
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