Overview
What is New Mexico Community Development Loan Fund Inc?
The New Mexico Community Development Loan Fund Inc is a nonprofit organization based in Albuquerque, New Mexico. Its primary mission is to encourage and facilitate investments in low-income communities across the state. Established through collaborations with various entities such as individuals, organizations, foundations, government bodies, and lending institutions, the fund offers 59 loan programs to support its mission. The New Mexico Community Development Loan Fund plays a crucial role in channeling capital into economically disadvantaged areas, thereby contributing to their development and growth.
Official website here: www.loanfund.org
Is New Mexico Community Development Loan Fund Inc legitimate?
New Mexico Community Development Loan Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Mexico Community Development Loan Fund 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.
Here are some key statistics you may want to consider:
Executive Compensation: $278,667
Professional Fundraising Fees: $0
Other Salaries and Wages: $639,175
For more financial information, click here
What is the mission statement of New Mexico Community Development Loan Fund Inc?
The New Mexico Community Development Loan Fund strives to encourage and facilitate the investment of capital into low-income communities across the state. This mission is achieved through collaborative efforts with various partners such as individuals, organizations, foundations, government entities, and lending institutions. The fund provides support through a range of loan programs, currently totaling 59, to accomplish this goal. The organization's mission is not limited to a specific location.
Official website here: www.loanfund.org
Who is the CEO of New Mexico Community Development Loan Fund Inc?
F Leroy Pacheco is the Chair of New Mexico Community Development Loan Fund Inc. The CEO's salary of New Mexico Community Development Loan Fund Inc is $237,948 and their total compensation is $278,666.
Official website here: www.loanfund.org
What is the revenue of New Mexico Community Development Loan Fund Inc?
New Mexico Community Development Loan Fund Inc's revenue in 2022 was $2,394,022.
Official website here: www.loanfund.org
Who are the executives of New Mexico Community Development Loan Fund Inc and what are their salaries?
The average compensation at New Mexico Community Development Loan Fund Inc during 2022 was $83,440. There are 11 employees and 14 volunteers at New Mexico Community Development Loan Fund Inc.
Here are 14 key members and their salaries (New Mexico Community Development Loan Fund Inc's CEO's salary is $237,948 and their total compensation is $278,666):
- F Leroy Pacheco (President/Ceo)
- Herb Crosby Phd (Chair) [Trustee/Director]
- Manny Ortiz (Treasurer) [Trustee/Director]
- Ida Fierro (Secretary) [Trustee/Director]
- David Allen (Director)
- David Hicks (Director (Retired 9/2022))
- Justin Horwitz (Director)
- Dar Johnson (Director)
- John Lewinger (Director)
- Suzanne V Miraba (Director)
- Beth Petruno (Director)
- Chris Samborski (Director)
- Matt Schaefer Svp (Director (Retired 12/22))
- Eric Hall (Vice Chair) [Trustee/Director]
Official website here: www.loanfund.org
Where can I find the form 990 for New Mexico Community Development Loan Fund Inc?
The New Mexico Community Development Loan Fund Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.loanfund.org
Learn more at the official website: www.loanfund.org
Mission Statement of New Mexico Community Development Loan Fund Inc
The New Mexico Community Development Loan Fund, a collaborative initiative involving individuals, organizations, foundations, government entities, and lending institutions, is dedicated to fostering investment in low-income communities across the state. Its mission is to encourage and facilitate capital allocation, aiming to uplift and strengthen these communities. To achieve this goal, the fund offers 59 distinct loan programs, providing a diverse range of financial support. By engaging in these activities, the New Mexico Community Development Loan Fund plays a significant role in promoting economic growth and development in underserved areas, ultimately improving the living standards of its residents.
Impact
This information is meant to be a general summary of New Mexico Community Development Loan Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
The impact of New Mexico Community Development Loan Fund Inc is significant in supporting and improving low-income communities throughout New Mexico. Through the facilitation of capital investment, the fund plays a crucial role in fostering economic development, job creation, and overall community improvement. With a range of 59 loan programs, the fund actively works to address the unique needs of these underserved areas and promote sustainable growth. By partnering with various stakeholders, the fund is able to leverage resources effectively and make a tangible difference in the lives of residents in low-income areas across the state.
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 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM LOAN INTEREST
Revenue
$1,547,424
OTHER LENDING PROGRAM INCOME
Revenue
$119,336
Organization Details
Founding Year
1989
Phone
(505) 243-3196
Principal Officer
F Leroy Pacheco
Main Address
PO BOX 705, ALBUQUERQUE, NM, 87103
Website
www.loanfund.org
NTEE Category
Code: S31 - Community improvement
If you are a representative of New Mexico Community Development Loan Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.