SOUTHWESTERN REGIONAL HOUSING AND COMMUNITY DEVELOPMENT CORP

EIN: 311788086 501(c)(3) Human Services

DEMING, NM

Total Revenue
$3,536,309
Total Expenses
$3,559,366
Total Assets
$1,728,911
Net Assets
$1,288,982
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
NM
Principal Officer
VERONIKA MOLINA
Phone
5755464181
Tax Period
2024-01-01 to 2024-12-31

SOUTHWESTERN REGIONAL HOUSING AND COMMUNITY DEVELOPMENT CORP, founded in 2001, is a community nonprofit in the Human Services sector that reported $3.5M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF THE SOUTHWESTERN REGIONAL HOUSING AND COMMUNITY DEVELOPMENT CORPORATION (SRHCDC)IS TO PROVIDE AFFORDABLE HOUSING AND HOUSING RESOURCES TO LOW AND MODERATE INCOME RESIDENTS IN LUNA, HIDALGO, CATRON, GRANT AND SIERRA COUNTIES, TO PROMOTE COOPERATION OF ORGANIZATIONS IN ADVANCING AFFORDABLE HOUSING, TO PROMOTE DEBT MANAGEMENT AND CREDIT COUNSELING TO LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. SRHCDC IDENTIFIES AREAS OF HOUSING NEEDS WITHIN THE COMMUNITY AND ACTIVELY SEEKS OUT AND IMPLEMENTS SOLUTIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,475,948
Program Service Revenue $39,446
Investment Income $3,384
Other Revenue $17,531
TOTAL REVENUE $3,536,309

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,110,037
Fundraising Expenses $0
Program Expenses $3,395,534
Other Expenses $2,449,329
TOTAL EXPENSES $3,559,366

Year-over-Year Comparison

2024 2023 Change
Revenue $3,536,309 $3,271,063 +0.1%
Expenses $3,559,366 $3,176,093 +0.1%
Net Income $-23,057 $94,970 -1.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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

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Governance

Voting Members
3
Independent Members
3
Employees
22
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$89,658
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA REEDY DIRECTOR N/A
Director
$0 $0 $0
JOANNE HETHCOX TREASURER N/A
Director
$0 $0 $0
KERENA BARRON DIRECTOR N/A
Director
$0 $0 $0
VERONIKA MOLINA EXECUTIVE DI 40.00
Officer
$89,658 $0 $89,658
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $3,536,309 $3,559,366 $1,728,911 $-23,057
2023 $3,271,063 $3,176,093 $1,848,042 $94,970
2022 $2,490,469 $2,617,953 $1,975,787 $-127,484
2021 $3,417,071 $3,207,577 $1,432,572 $209,494
2020 $1,649,931 $1,684,685 $1,190,701 $-34,754
2019 $2,643,536 $2,610,171 $1,332,927 $33,365
2018 $2,162,994 $2,184,080 $1,213,770 $-21,086
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