NEW MEXICO COMMUNITY DEVELOPMENT LOAN FUND INC
AI Summary
NEW MEXICO COMMUNITY DEVELOPMENT LOAN FUND INC is a community improvement nonprofit focused on encouraging and facilitating investment of capital in low-income New Mexico communities. In filing year 2024, it reported an operating budget of $3.2M and total revenue of $2.4M, with support from funders including Wells Fargo Foundation, NEW MEXICO COMMUNITY FOUNDATION, and The Bank of America Charitable Foundation Inc.
Mission Statement
TO ENCOURAGE AND FACILITATE THE INVESTMENT OF CAPITAL IN LOW-INCOME NEW MEXICO COMMUNITIES.
Cause Areas
1
Community improvement
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is NEW MEXICO COMMUNITY DEVELOPMENT LOAN FUND INC’s budget?
In 2024, NEW MEXICO COMMUNITY DEVELOPMENT LOAN FUND INC reported an annual operating budget of around $3.2 million. More detailed financial information is available to registered users.
What causes does NEW MEXICO COMMUNITY DEVELOPMENT LOAN FUND INC support?
NEW MEXICO COMMUNITY DEVELOPMENT LOAN FUND INC supports work in Community improvement.
Where does NEW MEXICO COMMUNITY DEVELOPMENT LOAN FUND INC operate?
NEW MEXICO COMMUNITY DEVELOPMENT LOAN FUND INC is headquartered in Albuquerque, NM.
Who funded NEW MEXICO COMMUNITY DEVELOPMENT LOAN FUND INC recently?
In 2021, NEW MEXICO COMMUNITY DEVELOPMENT LOAN FUND INC received grants from NEW MEXICO COMMUNITY FOUNDATION, WASHINGTON FEDERAL FOUNDATION, and ALBUQUERQUE COMMUNITY FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant NEW MEXICO COMMUNITY DEVELOPMENT LOAN FUND INC received in 2021?
The largest grant to NEW MEXICO COMMUNITY DEVELOPMENT LOAN FUND INC in 2021 exceeds $30 thousand.
What is NEW MEXICO COMMUNITY DEVELOPMENT LOAN FUND INC’s reliance on government grants?
NEW MEXICO COMMUNITY DEVELOPMENT LOAN FUND INC relied on government grants for more than 5% of their total revenue in 2024.