LA CLINICA DE FAMILIA TITLE HOLDING CORPORATION

EIN: 813361707 Housing & Shelter

LAS CRUCES, NM

Total Revenue
$416,735
Total Expenses
$904,699
Total Assets
$15,680,640
Net Assets
$15,680,640
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NM
Principal Officer
JORGE ALMUINA
Phone
5755261105
Tax Period
2023-06-01 to 2024-05-31

LA CLINICA DE FAMILIA TITLE HOLDING CORPORATION, founded in 2016, is a small nonprofit in the Housing & Shelter sector that reported $417K in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $905K exceeded revenue, resulting in a 117% operating deficit.

Mission

LA CLINICA DE FAMILIA TITLE HOLDING CORPORATION WAS ESTABLISHED FOR THE PURPOSE OF OBTAINING NEW MARKETS TAX CREDIT FINANCING FOR THE RENOVATION OF LA CLINICA DE FAMILIA, INC.'S CENTRAL LAS CRUCES LOCATION. THE ORGANIZATION'S ONLY FUNCTION IS TO LEASE THE FULLY RENOVATED FACILITY TO LA CLINICA DE FAMILIA, INC.

Program Service Accomplishments

Program 1
Expenses: $904,699 Revenue: $416,735

THE ORGANIZATION ENTERED INTO AN AGREEMENT WITH LA CLINICA DE FAMILIA, INC. FOR THE LEASE OF A FACILITY DESIGNED FOR HEALTH CARE PURPOSES. THE AGREEMENT ESTABLISHES QUARTERLY PAYMENTS OF $68,823.75...

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THE ORGANIZATION ENTERED INTO AN AGREEMENT WITH LA CLINICA DE FAMILIA, INC. FOR THE LEASE OF A FACILITY DESIGNED FOR HEALTH CARE PURPOSES. THE AGREEMENT ESTABLISHES QUARTERLY PAYMENTS OF $68,823.75 FOR THE YEAR ENDED 2017, QUARTERLY PAYMENTS OF $70,530 FOR THE PERIOD BEGINNING INJANUARY 1, 2018 THROUGH DECEMBER 31, 2022, QUARTERLY PAYMENTS OF $75,707 FOR THE PERIOD BEGINNING IN JANUARY 1, 2023 THROUGH DECEMBER 31, 2023, AND QUARTERLY PAYMENTS OF $132,660 FOR THE PERIOD BEGINNING IN JANUARY 1, 2024 THROUGH DECEMBER 31, 2046.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $416,735
Investment Income $0
Other Revenue $0
TOTAL REVENUE $416,735

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $904,699
Other Expenses $904,699
TOTAL EXPENSES $904,699

Year-over-Year Comparison

2023 2022 Change
Revenue $416,735 $290,750 +0.4%
Expenses $904,699 $738,239 +0.2%
Net Income $-487,964 $-447,489 +0.1%
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
N/A
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
3
$461,897
Total Directors
3
$461,897
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VIRGIL MEDINA SECRETARY 1.00
Officer Director
$0 $0 $240,884
JORGE ALMUINA TREASURER 1.00
Officer Director
$0 $0 $221,013
FERNANDO CLEMENTE PRESIDENT 1.00
Officer Director
$0 $0 $0
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
2025 No data No data No data No data
2024 $416,735 $904,699 $15,680,640 $-487,964
2023 $290,750 $738,239 $15,918,190 $-447,489
2022 $282,120 $813,974 $16,407,020 $-531,854
2021 $282,120 $886,012 $16,953,027 $-603,892
2020 $282,120 $1,049,123 $18,652,709 $-767,003
2019 $282,120 $1,013,028 $18,709,321 $-730,908
2018 $278,139 $986,688 $19,176,359 $-708,549
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