Southwestern Regional Housing and Community Development Corporation

Analysis

Southwestern Regional Housing and Community Development Corporation is a registered charity in United States, based in Deming, NM. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southwestern Regional Housing and Community Development Corporation reported income of $3.3m and spending of $3.2m, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $2.5m to $3.3m (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Southwestern Regional Housing and Community Development Corporation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NM. Charities of a similar size with the same main cause include Opportunity Center Inc ($3.3m), Inland Empire Autism Spectrum Disorder Assessment Center of Exce ($3.3m) and Family Services Center ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $86k (2.7% of expenses). Other salaries and wages came to $779k. At year end it held assets of $1.8m against liabilities of $543k, net assets of $1.3m. It reported 20 employees.