Overview
What is La Clinica De Familia Title Holding Corporation?
La Clinica De Familia Title Holding Corporation is a nonprofit entity established primarily to secure New Markets Tax Credit financing for the renovation of La Clinica De Familia, Inc.'s central location in Las Cruces, New Mexico. Its sole purpose is to lease the fully renovated facility to La Clinica De Familia, Inc., a healthcare organization. The corporation entered into an agreement for the lease of a health care facility, with quarterly payments set to increase over the years, with the most significant increase in 2024. The organization's mission aligns with its function, focusing on facilitating improvements in the healthcare infrastructure for the community.
Official website here: www.lcdfnm.org/
Is La Clinica De Familia Title Holding Corporation legitimate?
La Clinica De Familia Title Holding Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. La Clinica De Familia Title Holding 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: $0
For more financial information, click here
Official website here: www.lcdfnm.org/
What is the mission statement of La Clinica De Familia Title Holding Corporation?
La Clinica De Familia Title Holding Corporation was established with the sole purpose of securing New Markets Tax Credit financing for the renovation of La Clinica De Familia, Inc.'s central location. Its mission is to lease the fully renovated facility back to La Clinica De Familia, Inc., thus facilitating the provision of healthcare services in a renovated and improved environment. The organization has entered into an agreement with La Clinica De Familia, Inc. for lease payments, which are scheduled to increase over the years. However, it's important to note that La Clinica De Familia Title Holding Corporation itself does not provide healthcare services; its primary function is to finance and facilitate the renovation and lease of the facility.
Official website here: www.lcdfnm.org/
Who is the CEO of La Clinica De Familia Title Holding Corporation?
Virgil Medina is the President of La Clinica De Familia Title Holding Corporation. The CEO's salary of La Clinica De Familia Title Holding Corporation is $0 and their total compensation is $250,574.
Official website here: www.lcdfnm.org/
What is the revenue of La Clinica De Familia Title Holding Corporation?
La Clinica De Familia Title Holding Corporation's revenue in 2023 was $290,750.
Official website here: www.lcdfnm.org/
Who are the executives of La Clinica De Familia Title Holding Corporation and what are their salaries?
Here are 3 key members and their salaries (La Clinica De Familia Title Holding Corporation's CEO's salary is $0 and their total compensation is $250,574):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $199,359
- Other: $7,377
- Compensation: $0
- Related: $241,174
- Other: $9,400
Official website here: www.lcdfnm.org/
Where can I find the form 990 for La Clinica De Familia Title Holding Corporation?
La Clinica De Familia Title Holding Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lcdfnm.org/
Learn more at the official website: www.lcdfnm.org/
Mission Statement of La Clinica De Familia Title Holding Corporation
La Clinica De Familia Title Holding Corporation was established with a specific mission: to secure New Markets Tax Credit financing for the renovation of La Clinica De Familia, Inc.'s central Las Cruces location. This corporation's sole function is to lease the fully renovated facility back to La Clinica De Familia, Inc., with lease agreements detailing quarterly payments through 2046. The renovation of the facility aims to enhance the healthcare services provided by La Clinica De Familia, Inc., ultimately benefiting the community it serves. While La Clinica De Familia Title Holding Corporation does not directly provide healthcare services, its mission plays a crucial role in facilitating improvements and expansions to the healthcare facilities operated by La Clinica De Familia, Inc.
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Impact
October, 2024
La Clinica De Familia Title Holding Corporation plays a pivotal role in enhancing local healthcare infrastructure in Las Cruces, NM. By securing New Markets Tax Credit financing, the corporation has facilitated the renovation of La Clinica De Familia's central location, ensuring that the healthcare facility meets modern standards and can better serve the community.
The corporation’s impact is realized through its lease agreements with La Clinica De Familia, Inc., which dictate substantial quarterly payments that contribute to the financial sustainability of the operation. These payments increase over time, reflecting the investment in upgrading the facility and allowing for continued improvements.
Moreover, providing a renovated facility dedicated to health care not only supports the delivery of essential medical services but also strengthens the health outcomes of the community. By ensuring that La Clinica has access to a well-equipped and purpose-designed space, the Title Holding Corporation helps foster an environment where comprehensive health services, including primary care, preventive services, and wellness programs, are accessible to the residents of Las Cruces. This collaboration ultimately enhances the overall wellbeing and health equity in the region.
This information is meant to be a general summary of La Clinica De Familia Title Holding 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 2023.
- Program Service Revenue: $290,750
- Gross Receipts: $290,750
Assets and Liabilities:
- Total Assets: $15,918,190
- Total Liabilities: $6,041,181
- Net Assets: $9,877,009
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL AND LEASING SER
Revenue
$290,750
Organization Details
Founding Year
2016
Phone
(575) 526-1105Principal Officer
Virgil Medina
Main Address
385 CALLE DE ALEGRA BLDG A, LAS CRUCES, NM, 88005
Website
www.lcdfnm.org/NTEE Category
Code: L11 - Housing
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