HOBBS, NM
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LEA COUNTY HOUSING INC is a micro nonprofit in the Housing & Shelter sector that reported $11K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $13K exceeded revenue, resulting in a 13% operating deficit.
TO INCREASE THE QUALITY, QUANITY AND AVAILABILITY OF AFFORDABLE HOUSING IN LEA COUNTY
FIRST ACCOMPLISHMENT - ASSISTS WITH THE ADMINISTRATION OF THE MONTHLY PARK PLACE RESIDENT COUNCIL MEETING AND PROVIDES QUARTERLY FISCAL LIT- ERACY TRAINING TO PARK PLACE RESIDENTS TRAINING TO PARK...
FIRST ACCOMPLISHMENT - ASSISTS WITH THE ADMINISTRATION OF THE MONTHLY PARK PLACE RESIDENT COUNCIL MEETING AND PROVIDES QUARTERLY FISCAL LIT- ERACY TRAINING TO PARK PLACE RESIDENTS TRAINING TO PARK PLACE RESIDENT AT PARK PLACE FOR AN ANNUAL FEE $5,000. SECOND ACCOMPLISHMENT - UNDER OUR NON-PROFIT BY-LAWS, LCHI PERFORMS SERVICES FOR THE COMMUNITY, ALL AT NO COST RESIDENCES. WE PROVIDE HOMEBUYER EDUCATION AND OPERATE THE FACEBOOK PAGE, ASSIST WITH THE IMPLEMENATION OF THE LEA COUNTY AFFORDABLE HOUSING PLANS, AND PROVIDE OTHER HOUSING SERVICES AS NECESSARY. THESE ITEMS ARE ACCOMPLISHED WITH FUNDING FROM THE LIHTC APARTMENT DEVELOPMENT FEES. THE LOW (CONTINUED BELOW)
INCOME HOUSING APARTMENT PROJECT ARE DESCRIBED IN THE 3RD AND 4TH ACOMPLISHMENTS BELOW. FIRST-TIME HOME BUYER EDUCATION WAS PROVIDED EACH OCTOBER AND APRIL USING A NEIGHBORHOOD CERTIFIED HBE...
INCOME HOUSING APARTMENT PROJECT ARE DESCRIBED IN THE 3RD AND 4TH ACOMPLISHMENTS BELOW. FIRST-TIME HOME BUYER EDUCATION WAS PROVIDED EACH OCTOBER AND APRIL USING A NEIGHBORHOOD CERTIFIED HBE INSTRUCTOR. NO HOUSING COUNCELING SERVICES WERE PROVIDED. THIRD ACCOMPLISHMENT - CASA HERMOSA (PARK PLACE) LIHTC APARTMENT PROJECT - FOLLOWING RECEIPT OF TAX CREDITS FROM THE NM FINANCE AUTHOR- ITY, IN MAY 2012, PREDEVELOPMENT ACTIVITIES COMMENCED AND LCHI AND CHELSEA INVESTMENT COMPANY BECAME (.49% & .51%) CO-GENERAL MANAGEMENT ALONG WITH THE 99.9% TAX CREDIT INVESTMENT OWNER IN A NEW COMPANY CALLED MICHIGNA DRIVE, LLC. THE PROJECT FINANCING CLOSED DURING THE (CONTINUED BELOW)
LAST OF DECEMBER AND EARLY JANUARY 2013. APARTMENT CONSTRUCTION BEGAN IN FEBRAURY 2013 AND WAS COMPLETED MARCH 2014. THE APARTMENTS ARE OVER 98% OCCUPIED BY FAMILES IN THE 30%, 50% AND 60% INCOME...
LAST OF DECEMBER AND EARLY JANUARY 2013. APARTMENT CONSTRUCTION BEGAN IN FEBRAURY 2013 AND WAS COMPLETED MARCH 2014. THE APARTMENTS ARE OVER 98% OCCUPIED BY FAMILES IN THE 30%, 50% AND 60% INCOME LIMITS. LCHI RECEIVES A 10% DEVELOPMENT FEE PAYMENT FROM CHELSEA FOR PARK PLACE THAT IS PAID OUT OVER SEVERAL YEARS. FOURTH ACCOMPLISHMENT - CHELSEA INVESTMENTS ALSO REQUESTED LCHIT TO BE THE NON-PROFIT GENERAL PARTNER ON ANOTHER MFA TAX CREDIT PROJECT. A 58 UNIT AFFORDABLE HOUSING PROJECT CALLED PARKSIDE TERRACE WAS PURSUED IN JANUARY 2016 AND SELECTED FOR MFA LIHTC FUNDING. THE PROJECT WAS COMP- LETED IN EARLY 2018. 95% OF UNITS ARE RENTED TO 30%,50%& 60% INCOME (CONTINUED ON SCHEDULE 0)
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $11,204 | $9,204 | +0.2% |
| Expenses | $12,631 | $23,588 | -0.5% |
| Net Income | $-1,427 | $-14,384 | -0.9% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| D HAYNES | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| W BELL | VICEPRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| D WALL | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| B CHOICE | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| J HERNANDEZ | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| P SIMMS | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| R HAYNES | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| R HAYNES | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| L HILL | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $11,204 | $12,631 | $1,214,717 | $-1,427 |
| 2020 | $8,300 | $16,838 | $1,241,508 | $-8,538 |
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