Form 990 for tax year 2023
Filed by SOUTHWESTERN REGIONAL HOUSING AND COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $3,271,063
- Total expenses
- $3,176,093
- Contributions and grants received
- $2,927,357
- Grants paid
- $0
- Program service revenue
- $71,494
- Investment income
- $4,637
- Other revenue
- $267,575
- Total assets, end of year
- $1,848,042
- Total liabilities, end of year
- $542,513
- Net assets or fund balances, end of year
- $1,305,529
- Program services expenses (Part IX)
- $3,022,270
- Management and general expenses
- $153,823
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,022,270
Program services were 95.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$2,815,005
-
1f · All other contributions, gifts and grants
$112,352
-
1g · Noncash contributions included above
$47,314
-
2a · Program service revenue: SOUTH CENTRAL COUNCIL OF GOVT
total $38,178 · related or exempt $38,178
-
2b · Program service revenue: ADMINISTRATIVE FEES
total $33,316 · related or exempt $33,316
-
3 · Investment income
total $4,637 · excluded $4,637
-
11a · Other revenue: EMPLOYEE RETENTION CREDIT
total $256,832 · related or exempt $256,832
-
11b · Other revenue: OTHER
total $10,743 · related or exempt $10,743
-
11e · Other revenue, total
$267,575
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $85,906 · program services $42,953 · management and general $42,953
-
7 · Other salaries and wages
total $778,670 · program services $708,527 · management and general $70,143
-
9 · Other employee benefits
total $59,296 · program services $51,539 · management and general $7,757
-
10 · Payroll taxes
total $81,910 · program services $71,195 · management and general $10,715
-
11a · Fees: management
total $602,702 · program services $602,702
-
12 · Advertising and promotion
total $309 · program services $309
-
13 · Office expenses
total $19,891 · program services $17,289 · management and general $2,602
-
14 · Information technology
total $36,344 · program services $31,590 · management and general $4,754
-
16 · Occupancy
total $69,913 · program services $60,768 · management and general $9,145
-
17 · Travel
total $233,402 · program services $233,402
-
22 · Depreciation, depletion and amortization
total $12,440 · program services $12,440
-
23 · Insurance
total $80,208 · program services $75,164 · management and general $5,044
-
24a · Other expenses: HOME REHABILITATION
total $576,795 · program services $576,795
-
24b · Other expenses: PROGRAM MATERIALS/ SUPPLI
total $460,563 · program services $460,563
-
24c · Other expenses: REPAIRS AND MAINT.
total $26,319 · program services $26,319
-
24d · Other expenses: OTHER
total $20,760 · program services $20,050 · management and general $710
-
24e · All other expenses
total $30,665 · program services $30,665
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $665,546 · end of year $300,124
-
3 · Pledges and grants receivable
beginning of year $209,065 · end of year $216,290
-
4 · Accounts receivable
end of year $24,444
-
8 · Inventories for sale or use
beginning of year $68,356 · end of year $137,481
-
9 · Prepaid expenses and deferred charges
beginning of year $12,390 · end of year $14,515
-
10a · Land, buildings and equipment: cost or other basis
$115,776
-
10b · Land, buildings and equipment: accumulated depreciation
$91,481
-
10c · Land, buildings and equipment, net
beginning of year $36,735 · end of year $24,295
-
15 · Other assets
beginning of year $983,695 · end of year $1,130,893
-
17 · Accounts payable and accrued expenses
beginning of year $157,286 · end of year $197,010
-
25 · Other liabilities
beginning of year $637,288 · end of year $345,503
-
27 · Net assets without donor restrictions
beginning of year $1,181,213 · end of year $1,305,529
Mission and programs · 2023
Mission
THE MISSION OF THE SOUTHWESTERN REGIONAL HOUSING AND COMMUNITY DEVELOPMENT CORPORATION (SRHCDC)IS TO PROVIDE AFFORDABLE HOUSING AND HOUSING RESOURCES TO LOW AND MODERATE INCOME RESIDENTS IN LUNA, HIDALGO, CATRON, GRANT AND SIERRA COUNTIES, TO PROMOTE COOPERATION OF ORGANIZATIONS IN ADVANCING AFFORDABLE HOUSING, TO PROMOTE DEBT MANAGEMENT AND CREDIT COUNSELING TO LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. SRHCDC IDENTIFIES AREAS OF HOUSING NEEDS WITHIN THE COMMUNITY AND ACTIVELY SEEKS OUT AND IMPLEMENTS SOLUTIONS.
-
WE ACCOMPLISHED OPENING A 3RD OFFICE IN ROSEWELL, NEW MEXICO, EXPANDED OUR HOME REHAB PROGRAM TO THE SOUTH EASTERN PARTS OF THE STATE.RECEIVED LAND DONATION.
Expenses $3,022,270 · Revenue $71,494
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
BARBARA REEDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
JOANNE HETHCOX
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
KERENA BARRON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
VERONIKA MOLINA
EXECUTIVE DI
- Total calculated
- $85,906
- From this org
- $85,906
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 25 July 2024
- IRS schema version
- 2023v5.0
- Source object
- 202442069349300829
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