PROSPERITY WORKS
Albuquerque, NM, US
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501(c)(3)
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EIN
85-0466059
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Management & Technical Assistance
Albuquerque, NM, US
•
501(c)(3)
•
EIN
85-0466059
•
•
Management & Technical Assistance
Programs
Financial Inclusion through IDAs
FINANCIAL INCLUSION AND OPPORTUNITY- INDIVIDUAL DEVELOPMENT ACCOUNTS (IDAS) HAVE BEEN DEPLOYED TO ENCOURAGE SAVINGS, INVESTMENT AND ASSET ACCUMULATION AMONG MODERATE INCOME AND WORKING FAMILIES. IDAS ARE MATCHED SAVINGS ACCOUNTS THAT ARE USED TO (A) BUY A FIRST HOME (B) PURSUE POST SECONDARY EDUCATION (C) START OR EXPAND A SMALL BUSINESS (D)PURCHASE A CAR TO GO TO WORK OR SCHOOL (E) REPAIR A HOME. IN COUNTIES THROUGHOUT NEW MEXICO, PROSPERITY WORKS AND ITS PARTNERS USE IDAS TO STABILIZE FAMILIES FINANCIALLY, ASSIST THEM IN BUILDING ASSETS, AND BUILD STRONG COMMUNITIES. IT IS WITH BANKS, CREDIT UNIONS, NGO'S AND PUBLIC AND PRIVATE INVESTMENTS THAT WE ARE ABLE TO OPERATE THE NEW MEXICO ASSETS CONSORTIUM THAT MANAGES THIS RURAL AND URBAN DELIVERY SYSTEM.GeographiesNot indicatedDatesOct 1, 2021 – Sep 30, 2022Source990No causes providedNo populations provided–$174.3KSustainable Energy Solutions Program
SUSTAINABLE ENERGY SOLUTIONS PROGRAM- THIS PROGRAM ADDRESSES A KEY FACTOR IN LOW-INCOME FAMILIES: DECREASING THE HIGH COST OF ENERGY; INCREASING EFFICIENCY AND IMPROVING THE HEALTH, SAFETY AND COMFORT OF HOMES. THIS IS ACCOMPLISHED THROUGH THE IMPLEMENTATION OF EFFICIENCY MEASURES IN HOMES, AND ADVOCATING FOR POLICY THAT REMOVES BARRIERS TO PARTICIPATION AND INCREASES AVAILABLE RESOURCES. THIS INITIATIVE ALSO REPRESENTS LOW-INCOME PEOPLE AT THE PUBLIC REGULATION COMMISSION ON ENERGY BURDEN ISSUES.GeographiesNot indicatedDatesOct 1, 2021 – Sep 30, 2022Source990No causes providedNo populations provided–$196.9KProsperity Kids College Savings Initiative
CHILDRENS ECONOMIC SECURITY: PROSPERITY KIDS IS A MATCHED COLLEGE SAVINGS ACCOUNT INITIATIVE. IT IS DESIGNED TO LEVERAGE THE IMPORTANT WORK OF PARTNER ORGANIZATIONS THUS FURTHERING THEIR ENGAGEMENT WITH CLIENTS AND INCREASING THEIR IMPACT. THUS, YOUNG PARENTS ARE RETAINED IN HOME VISITNG PROGRAMS; SINGLE PARENT COLLEGE STUDENTS SUSTAIN THEIR ENROLLMENT; HEADSTART PARENTS PARTICIPATE IN PROGRAM REQUIREMENTS; AND, PARENTS ENROLLED IN CHILD DEVELOPMENT AND COMMUNITY LEADERSHIP COURSES MAKE MAJOR INVESTMENTS IN THE HEALTHLY DEVELOPMENT EDUCATION OF THEIR CHILDREN AND OF THEIR FAMILY AS A WHOLE.GeographiesNot indicatedDatesOct 1, 2021 – Sep 30, 2022Source990No causes providedNo populations provided–$106.3K
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