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Nonprofiteer
← UNITED SOUTH BROADWAY CORPORATION

Form 990 for tax year 2024

Filed by UNITED SOUTH BROADWAY CORPORATION.

Totals

Total revenue
$1,601,423
Total expenses
$1,324,650
Contributions and grants received
$1,444,303
Grants paid
$0
Program service revenue
$152,541
Investment income
$0
Other revenue
$4,579
Total assets, end of year
$1,047,095
Total liabilities, end of year
$919,535
Net assets or fund balances, end of year
$127,560
Program services expenses (Part IX)
$1,197,832
Management and general expenses
$119,702
Fundraising expenses
$7,116
Program service expenses (Part III)
$1,197,832

Program services were 90.4% 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)

    $505,485

  • 1f · All other contributions, gifts and grants

    $938,818

  • 2a · Program service revenue: PROGRAM FEES

    total $152,541 · related or exempt $152,541

  • 6a · Gross rents

    real property $19,800

  • 6b · Less rental expenses

    real property $15,221

  • 6c · Rental income or loss

    real property $4,579

  • 6d · Net rental income or loss

    total $4,579 · unrelated business $4,579

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $117,740 · program services $88,305 · management and general $23,548 · fundraising $5,887

  • 7 · Other salaries and wages

    total $708,814 · program services $708,814

  • 9 · Other employee benefits

    total $51,938 · program services $50,088 · management and general $1,480 · fundraising $370

  • 10 · Payroll taxes

    total $63,786 · program services $61,515 · management and general $1,817 · fundraising $454

  • 11g · Fees: other

    total $137,116 · program services $126,623 · management and general $10,493

  • 12 · Advertising and promotion

    total $1,258 · program services $1,258

  • 13 · Office expenses

    total $15,760 · program services $15,199 · management and general $449 · fundraising $112

  • 14 · Information technology

    total $10,323 · program services $9,955 · management and general $294 · fundraising $74

  • 16 · Occupancy

    total $53,027 · program services $49,767 · management and general $3,260

  • 17 · Travel

    total $7,870 · program services $7,590 · management and general $224 · fundraising $56

  • 19 · Conferences, conventions and meetings

    total $15,954 · program services $15,954

  • 20 · Interest

    total $19,176 · management and general $19,176

  • 23 · Insurance

    total $22,883 · program services $22,068 · management and general $652 · fundraising $163

  • 24a · Other expenses: REPAIRS AND MAINT.

    total $76,410 · program services $24,451 · management and general $51,959

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $14,554 · program services $14,554

  • 24c · Other expenses: OTHER OPERATING EXPENSES

    total $5,849 · management and general $5,849

  • 24d · Other expenses: PROGRAM EXPENSES

    total $932 · program services $932

  • 24e · All other expenses

    total $1,260 · program services $759 · management and general $501

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $48,685 · end of year $251,573

  • 3 · Pledges and grants receivable

    beginning of year $97,398 · end of year $114,063

  • 4 · Accounts receivable

    beginning of year $72,212

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,073 · end of year $11,379

  • 10a · Land, buildings and equipment: cost or other basis

    $821,964

  • 10b · Land, buildings and equipment: accumulated depreciation

    $440,872

  • 10c · Land, buildings and equipment, net

    beginning of year $396,355 · end of year $381,092

  • 15 · Other assets

    beginning of year $242,332 · end of year $288,988

  • 17 · Accounts payable and accrued expenses

    beginning of year $158,601 · end of year $117,911

  • 23 · Secured mortgages and notes payable

    beginning of year $553,732 · end of year $540,443

  • 25 · Other liabilities

    beginning of year $305,935 · end of year $261,181

  • 27 · Net assets without donor restrictions

    beginning of year -$149,213 · end of year $127,560

Mission and programs · 2024

Mission

1.TO IMPROVE SOCIAL, PHYSICAL AND ECONOMIC CONDITIONS OF THOSE AREAS OF ALBUQUERQUE, NEW MEXICO AS NOW OR HEREAFTER DEEMED APPROPRIATE BY THIS CORPORATION. 2.TO ASSIST THE SOUTH BROADWAY AREA SECTOR PLAN IN ACHIEVING ITS GOALS WHENEVER USBC'S BOARD OF DIRECTORS FINDS IT APPROPRIATE AND WITHIN ITS FINANCIAL CAPABILITIES. 3.TO SOLICIT GRANTS, GIFTS, DONATIONS AND TO RAISE AND SECURE FUNDS BY ANY MEANS PRESENTLY LAWFUL FOR A NONPROFIT CORPORATION UNDER NEW MEXICO LAW. TO UTILIZE SUCH FUNDS TO ACHIEVE THE GOALS OF THIS CORPORATION AS NOW OR HEREAFTER SET FORTH BY THIS CORPORATION.

  • SECURED US TREASURY GRANT IN THE AMOUTN OF 3,000,000 TO PROVIDE LEGAL SERVICES TO INCOME ELIGIBLE NM HOMEOWNERS FACING FORECLOSURE IN NM JUDICIAL COURTS AND TO PROVIDE HUD LOSS MITIGATION SERVICES TO ALL NM HOMEOWNERS FACING FORCLOSURE REGARDLESS OF INCOME. CONTINUATION OF ARTI TRAININGS WITH APS SECURED SPECIAL NO RFP HOUSING COUNSELING GRANT FROM BERNALILLO COUNTY IN THE AMOUNT OF 60,000. RENEWAL OF CONTRACT WITH NM CIVIL LGAL SERVICE COMMISSION (DFA). CONTRACT INCREASED BY APPROXIMATELY 60% RECEIVED CONTRACT IN THE AMOUNT OF 185,000 FROM NATIONAL FAIR HOUSING ALLIANCE UNDER THEIR INCLUSIVE COMMUNITY FUND TO PROVIDE CASH ASSISTANCE TO AFRICAN AMERICAN HOMEOWNERS. FUNDS DERIVED FROM THE NATIONAL WELLS FARGO BANK.

    Expenses $1,197,832 · Revenue $152,541

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rick Burton

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Marie Robinson

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Alma Olivas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bernice Gutierrez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joseph Jaramillo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Diana Dorn-Jones

    EXECUTIVE DI

    Total calculated
    $117,740
    From this org
    $117,740
    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
2024
Filed
15 November 2025
IRS schema version
2024v5.0
Source object
202543219349307104

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