Central New Mexico Housing Corporation

Analysis

Central New Mexico Housing Corporation is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in April 2004, 22 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 2024, Central New Mexico Housing Corporation reported income of $7.3m and spending of $7.3m, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.9m to $7.3m (+88%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Central New Mexico Housing Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NM. Charities of a similar size with the same main cause include NDHC Affordable Communities Inc ($7.3m), Lucha Contra El Sida Inc ($7.3m) and Habitat for Humanity International Inc ($7.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $339k (4.7% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $1.5m against liabilities of $759k, net assets of $714k. It reported 34 employees.