Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $4,516

• 2a · Program service revenue: INTREST INCOME

  total $5,190,267 · related or exempt $5,190,267

• 2b · Program service revenue: LOAN FEE INCOME

  total $8,820 · related or exempt $8,820

• 3 · Investment income

  total $528,022 · related or exempt $528,022

• 11a · Other revenue: OTHER INCOME

  total $21,486 · related or exempt $21,486

• 11e · Other revenue, total

  $21,486

Functional expenses

Part IX, the statement of functional expenses.

• 11a · Fees: management

  total $720,000 · program services $583,200 · management and general $136,800

• 11c · Fees: accounting

  total $7,017 · program services $5,684 · management and general $1,333

• 12 · Advertising and promotion

  total $12,672 · program services $10,264 · management and general $2,408

• 13 · Office expenses

  total $25,518 · program services $20,670 · management and general $4,848

• 14 · Information technology

  total $76,436 · program services $61,913 · management and general $14,523

• 20 · Interest

  total $3,218,781 · program services $3,218,781

• 23 · Insurance

  total $1,000 · program services $810 · management and general $190

• 24a · Other expenses: PROVISION FOR CREDIT LOSS

  total $600,000 · management and general $600,000

• 24b · Other expenses: PROPERTY MANAGEMENT

  total $8,936 · program services $7,238 · management and general $1,698

• 24c · Other expenses: PROPERTY TAX

  total $2,251 · program services $1,823 · management and general $428

• 24d · Other expenses: MISC ADJ INVESTMENTS

  total $1,178 · program services $954 · management and general $224

• 24e · All other expenses

  total $1,349 · program services $1,093 · management and general $256

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $822,057 · end of year $997,190

• 2 · Savings and temporary cash investments

  beginning of year $10,493,919 · end of year $18,612,257

• 7 · Other notes and loans receivable

  beginning of year $71,039,212 · end of year $45,237,374

• 9 · Prepaid expenses and deferred charges

  end of year $3,885

• 12 · Investments: other securities

  beginning of year $5,842,523 · end of year $6,370,796

• 15 · Other assets

  end of year $10,088,843

• 17 · Accounts payable and accrued expenses

  beginning of year $4,284 · end of year $27,896

• 23 · Secured mortgages and notes payable

  beginning of year $47,221,103 · end of year $49,765,209

• 25 · Other liabilities

  beginning of year $28,964,898 · end of year $17,953,568

• 27 · Net assets without donor restrictions

  beginning of year $12,007,426 · end of year $13,563,672

The filer's explanations (Part III)

SCHEDULE J, PART III

COMPENSATION OF RICK BREEDEN AND DAYNA MELVIN IS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS OF THE NEW MEXICO BAPTIST FOUNDATION (FOUNDATION). THE ANNUAL MANAGEMENT FEE CHARGED TO THE CORPORATION BY THE FOUNDATION INCLUDESAN ANALYSES OF TIME TO BE SPENT ON CORPORATION ACTIVITIES BY FOUNDATION EMPLOYEES. MR. BREEDEN AND MS. MELVIN ARE COMPENSATED SOLELY THROUGH THE FOUNDATION AND DO NOT RECEIVE ANY COMPENSATION DIRECTLY FROM THE CORPORATION.