Overview
What is Encino Development & Management Inc?
Encino Development & Management Inc, located in Albuquerque, New Mexico, is a dedicated nonprofit organization. Their primary objective is to provide comprehensive management services for affordable housing, specifically catering to the very low-income elderly and handicapped individuals aged 62 and above. They oversee four properties in New Mexico, namely Encino Gardens, Encino Terrace, Encino El Paseo, and Villa Teresa, through the use of a management company. Their mission is to offer rental housing and related facilities and services to eligible lower-income elderly households at a non-profit, substantially below-market basis, designed to meet their physical, social, and psychological needs. The corporation may also borrow money and issue debt instruments to further its objectives, and execute regulatory agreements with the Secretary of Housing and Urban Development to accomplish its purpose.
Is Encino Development & Management Inc legitimate?
Encino Development & Management Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Encino Development & Management 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:
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Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Encino Development & Management Inc?
Encino Development & Management Inc's primary mission is to offer development, management, and administrative services for affordable housing, catering specifically to the very low-income elderly and handicapped individuals aged 62 and above. The corporation's purpose is to manage its properties to provide rental housing and related facilities and services for eligible lower-income elderly households. It achieves this goal by offering housing at a non-profit, substantially below market rate, tailored to meet the physical, social, and psychological needs of the elderly. In addition, Encino Development & Management Inc may borrow money and issue debt instruments to further its objectives, securing these through mortgages, pledges, or other liens on its properties. The corporation aims to execute all necessary actions to accomplish its goals, including the execution of a regulatory agreement with the Secretary of Housing and Urban Development.
Who is the CEO of Encino Development & Management Inc?
John Rockwell is the Director of Encino Development & Management Inc.
What is the revenue of Encino Development & Management Inc?
Encino Development & Management Inc's revenue in 2023 was $900,027.
Who are the executives of Encino Development & Management Inc and what are their salaries?
There 8 volunteers at Encino Development & Management Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Encino Development & Management Inc?
Encino Development & Management Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Encino Development & Management Inc
Encino Development & Management Inc is a non-profit organization with a mission to provide development, management, and administrative services for affordable housing specifically designed for very low-income elderly and handicapped individuals aged 62 years and above. Their primary purpose is to manage four properties in New Mexico, offering rental housing and related facilities and services to lower-income elderly households that meet their eligibility criteria for housing. This housing is provided on a non-profit basis, specifically tailored to meet the physical, social, and psychological needs of the aged. In addition to providing housing, Encino Development & Management Inc also has the authority to borrow money and issue evidence of indebtedness to fund its objectives. It utilizes various means of security, such as mortgages, pledges, or liens on its property, to ensure the repayment of its debts. The organization's overall goal is to accomplish its purposes effectively, as outlined in its regulatory agreement with the Secretary of Housing and Urban Development.
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Impact
July, 2024
Encino Development & Management Inc's impact is centered around providing crucial development, management, and administrative services for affordable housing to very low-income elderly and handicapped individuals aged 62 and over in New Mexico. Through overseeing the management services of properties like Encino Gardens, Encino Terrace, Encino El Paseo, and Villa Teresa, this organization ensures that these individuals have access to safe, quality housing that meets their specific needs. By offering rental housing at substantially below-market rates and incorporating supportive facilities and services, Encino Development & Management Inc plays a vital role in meeting the physical, social, and psychological needs of the aged population. Their mission reflects a commitment to serving lower-income elderly households and providing a secure and comfortable living environment. Overall, their work significantly contributes to addressing the housing challenges faced by vulnerable populations in Albuquerque and beyond.
This information is meant to be a general summary of Encino Development & Management 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $27
- Gross Receipts: $900,027
Assets and Liabilities:
- Total Assets: $1,176,872
- Total Liabilities: $0
- Net Assets: $1,176,872
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Organization Details
Founding Year
2000
Phone
(505) 924-7425Principal Officer
John Rockwell
Main Address
5338 PAN AMERICAN FWY NE, ALBUQUERQUE, NM, 87109
NTEE Category
Code: L210 - Housing
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