Abode Inc

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

EIN: 850332615 ✦ Las cruces, NM ✦ Designated as a 501(c)(3)

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Overview

What is Abode Inc?

Abode Inc, located in Las Cruces, New Mexico, is a nonprofit organization that operates a group home for the chronically homeless. The housing program, which is project-based under Section 8 and Section 202, adheres to the "Housing First" model. Established as a separate borrower corporation under the Section 202 Direct Loan Program by HUD, Abode Inc's mission is to provide housing for individuals who struggle to secure and maintain housing. They offer a 15-unit facility, providing a vital service to the homeless population in their community.


Official website here: www.none

Is Abode Inc legitimate?

Abode Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Abode 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: $0

For more financial information, click here


Official website here: www.none

What is the mission statement of Abode Inc?

Abode Inc, established under the Section 202 Direct Loan Program by HUD, is committed to providing housing for individuals who face challenges in obtaining and maintaining housing. As a separate borrower corporation, its mission is to alleviate housing issues for these individuals, ensuring they have a place to call home. Abode Inc operates a 15-unit group home specifically for the chronically homeless, implementing the Housing First model. This model focuses on providing housing as a fundamental need, prioritizing stability and support services to help individuals regain independence and improve their overall living conditions.


Official website here: www.none

Who is the CEO of Abode Inc?

Nicole Martinez is the Chair of Abode Inc.


Official website here: www.none

What is the revenue of Abode Inc?

Abode Inc's revenue in 2023 was $169,135.


Official website here: www.none

Who are the executives of Abode Inc and what are their salaries?


Here are 7 key members and their salaries:


Doug Barron (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Reinee Peacher (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Josh Hamling (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Holt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shaunna Foster (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Valerie Chronister (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Martinez (Executive Di)
  • Compensation: $0
  • Related: $90,301
  • Other: $0


Official website here: www.none

Where can I find the form 990 for Abode Inc?

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


Official website here: www.none

Learn more at the official website: www.none

Mission Statement of Abode Inc

Abode Inc, as a separate borrower corporation, was established with a mission required under the Section 202 Direct Loan Program by HUD. This mission is centered around providing housing for individuals who face challenges in obtaining and maintaining housing. Abode Inc's purpose is to offer a supportive living environment for those in need, making housing more accessible to them. The organization operates a 15-unit group home under the "Housing First" model, which is a combination of Project-Based Section 8 and Section 202 housing programs. This initiative in Las Cruces, New Mexico, aims to provide a stable and secure living environment for the chronically homeless population.

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Impact




October, 2024

Abode Inc plays a critical role in addressing homelessness in Las Cruces, NM, by providing stable housing solutions for individuals who face significant challenges in securing and maintaining a home. Operating a 15-unit group home for the chronically homeless, Abode Inc employs the "Housing First" model, which prioritizes immediate access to housing without prerequisites such as sobriety or employment. This approach not only offers shelter but also fosters a supportive environment that encourages residents to engage in necessary services, ultimately promoting stability and self-sufficiency.

Through its participation in the Section 202 Direct Loan Program by HUD, Abode Inc ensures the provision of affordable housing specifically tailored to those in desperate need, reinforcing its mission to facilitate access to housing for vulnerable populations. The impact of Abode Inc extends beyond just providing shelter; it contributes to the community's overall health and well-being by reducing homelessness and encouraging social integration.




This information is meant to be a general summary of Abode 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
$169,135 (2023)
Expenses
$182,369 (2023)
Efficiency

Other financial information:

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

  • Investment Income: $215
  • Program Service Revenue: $107,245
  • Gross Receipts: $169,135

Assets and Liabilities:

  • Total Assets: $216,116
  • Total Liabilities: $8,846
  • Net Assets: $207,270

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Programs

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

HUD-TENANT ASSISTANCE PAYMENT

Revenue

$82,663

RENTAL INCOME

Revenue

$24,582

Organization Details

Founding Year

1985

Principal Officer

Nicole Martinez

Main Address

PO BOX 16526, LAS CRUCES, NM, 88004

Website

www.none

NTEE Category

Code: L80 - Housing

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