Retirement Planning Co Inc

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

EIN: 850202610 ✦ Deming, NM ✦ Designated as a 501(c)(4)

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Overview

What is Retirement Planning Co Inc?

Retirement Planning Co Inc is a nonprofit organization located in Deming, New Mexico, with a specific focus on providing affordable housing and social welfare services for elderly individuals. With the support of the U.S. Department of Housing and Urban Development, they offer 103 rental apartments to eligible individuals, ensuring they can live comfortably during their retirement years. The organization employs a team of four dedicated individuals to manage its operations.

Is Retirement Planning Co Inc legitimate?

Retirement Planning Co Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Retirement Planning Co Inc 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: $189,712

For more financial information, click here

What is the mission statement of Retirement Planning Co Inc?

Retirement Planning Co Inc's mission is centered around providing social welfare for elderly individuals. They operate a retirement center with 103 rental apartments, partially subsidized by the U.S. Department of Housing and Urban Development. The primary objective of this organization is to offer a living space for the elderly, ensuring their basic needs are met and fostering a sense of community. The subsidization by the U.S. Department of Housing and Urban Development helps make this living arrangement more affordable for the elderly population.

Who is the CEO of Retirement Planning Co Inc?

Cynthia Maynes is the President of Retirement Planning Co Inc.

What is the revenue of Retirement Planning Co Inc?

Retirement Planning Co Inc's revenue in 2023 was $518,888.

Who are the executives of Retirement Planning Co Inc and what are their salaries?

The average compensation at Retirement Planning Co Inc during 2023 was $47,428. There are 4 employees at Retirement Planning Co Inc.


Here are 4 key members and their salaries:


Harold C Morrow (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Bolton (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Arriola (Vice-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Merline Hensley (Secretary-Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Retirement Planning Co Inc?

Retirement Planning Co Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Retirement Planning Co Inc

Retirement Planning Co Inc, as outlined in the provided information, is dedicated to providing social welfare for elderly individuals. Partially subsidized by the United States Department of Housing and Urban Development, this nonprofit organization manages 103 rental apartments designed specifically for senior citizens. The mission of Retirement Planning Co Inc is to offer a living space that caters to the needs of the elderly, ensuring they can enjoy their retirement years with comfort and support. The organization's apartments provide a secure and affordable housing solution for senior citizens, allowing them to live independently while still benefiting from some level of assistance. The role of Retirement Planning Co Inc in the community is to create a supportive living environment for elderly individuals, enabling them to maintain their dignity and independence in their later years.

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Impact




October, 2024

Retirement Planning Co Inc significantly impacts the community by providing essential housing services for elderly individuals. By offering 103 rental apartments, it plays a critical role in ensuring that seniors have access to safe and affordable living options, which helps promote social welfare among this vulnerable demographic.

Partially subsidized by the U.S. Department of Housing and Urban Development, the organization alleviates some financial burdens, making it easier for seniors to secure housing within the Deming, NM community. This not only enhances their quality of life but also fosters a sense of community and support among residents.

The mission of Retirement Planning Co Inc underscores its commitment to enhancing the wellbeing of older adults, creating an environment where they can live independently while receiving the necessary support. The presence of such housing options is vital for promoting dignity, safety, and social interaction among elderly individuals, contributing to their overall health and happiness.




This information is meant to be a general summary of Retirement Planning Co Inc. 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
$518,888 (2023)
Expenses
$675,138 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $18,977
  • Program Service Revenue: $400,772
  • Gross Receipts: $518,888

Assets and Liabilities:

  • Total Assets: $1,695,070
  • Total Liabilities: $40,782
  • Net Assets: $1,654,288

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Programs

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

RENTAL OF APARTMENTS

Revenue

$400,772

Organization Details

Principal Officer

Cynthia Maynes

Main Address

800 W BUCKEYE, DEMING, NM, 88030

NTEE Category

Code: L21 - Housing

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