New Mexico Housing & Community Development Corp

Analysis

New Mexico Housing & Community Development Corp is a registered charity in United States, based in T or C, NM. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, New Mexico Housing & Community Development Corp reported income of $1.5m and spending of $1.2m, leaving 20% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.6m to $1.5m (-9.5%), an average of -3.3% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Mexico Housing & Community Development Corp sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NM. Charities of a similar size with the same main cause include El-Beulah Retirement Village ($1.5m), Homesteads for Hope Inc ($1.5m) and Brookdale Residence Housing Development Fund Corporation ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $5.7m against liabilities of $1.4m, net assets of $4.3m.