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SOUTHWESTERN REGIONAL HOUSING AND COMMUNITY DEVELOPMENT CORP

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Public IRS 990 nonprofit record

SOUTHWESTERN REGIONAL HOUSING AND COMMUNITY DEVELOPMENT CORP

EIN 31-1788086 · Human Service Organizations (P20)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $95.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders4 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

96.02%of revenue went to mission work95.4% of expenses · Program services
$100.65spent for every $100 of revenueSpending was higher than revenue this year.
4.63%of revenue went to management and office costs4.6% of expenses
$0.49in assets for every $1 spent this yearSome assets cannot be spent right away.
98.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $23,057 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $89,658 for VERONIKA MOLINA (EXECUTIVE DI). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$3,536,309
Mission workProgram services$3,395,53496.02% of revenue95.4% of expenses
ManagementOffice and general costs$163,8324.63% of revenue4.6% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$3,559,366100.65% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 95.4% mission · 4.6% management · 0.0% fundraisingTotal expenses: 100.65% of revenue
2023Expense mix: 95.2% mission · 4.8% management · 0.0% fundraisingTotal expenses: 97.10% of revenue
2022Expense mix: 94.1% mission · 5.9% management · 0.0% fundraisingTotal expenses: 105.12% of revenue
2021Expense mix: 95.2% mission · 4.8% management · 0.0% fundraisingTotal expenses: 93.87% of revenue
2020Expense mix: 92.0% mission · 8.0% management · 0.0% fundraisingTotal expenses: 102.11% of revenue
2019Expense mix: 96.0% mission · 4.0% management · 0.0% fundraisingTotal expenses: 98.74% of revenue
2018Expense mix: 94.1% mission · 5.9% management · 0.0% fundraisingTotal expenses: 100.97% of revenue
2016Expense mix: 93.7% mission · 6.3% management · 0.0% fundraisingTotal expenses: 100.21% of revenue

Money in and money out

Revenue$3,536,309
Expenses$3,559,366
Annual shortfall $23,057 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,395,534 · 95.4% of expenses
Management and office costs$163,832 · 4.6% of expenses
See all reported dollar amounts
Revenue$3,536,309
Expenses$3,559,366
Assets$1,728,911
Income$3,536,309
Contributions$3,475,948
Mission work (program services)$3,395,534
Management and general$163,832
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
VERONIKA MOLINAEXECUTIVE DI · 40 hrs/week $89,658

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (4)

VERONIKA MOLINAEXECUTIVE DI

BARBARA REEDYDIRECTOR

JOANNE HETHCOXTREASURER

KERENA BARRONDIRECTOR

About this charity

Recognized since
January 2002
Location
109 E PINE ST STE 5, DEMING, NM 88030-3747
County
Luna
In care of
VERONIKA MOLINA
Primary officer
VERONIKA MOLINA, EXECUTIVE DIRECTOR

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
MANN ACCOUNTING & FRAUD SOLUTIONSLLC
NTEE classification
Human Service Organizations (P20)
IRS tax category
Human Service Organizations

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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