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EIN 85-0377424

New Mexico Community Development Loan Fund

IRS 501(c) type
501(c)(3)
Num. employees
9
City
Albuquerque
State
New Mexico
Year formed
1989
Most recent tax filings
2023-12-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
The New Mexico Community Development Loan Fund encourages and facilitates investment in low-income communities throughout the state. The fund was formed through partnerships with individuals, organizations, foundations, government entities, and lending institutions. There are currently 59 loan programs available to support this mission. The fund is located in Albuquerque, NM.
Total revenues
$2,638,234
2023
Total expenses
$2,832,627
2023
Total assets
$42,531,939
2023
Num. employees
9
2023

Program areas at New Mexico Community Development Loan Fund

The Loan program encourages and facilitates the investment of capital in low-income New Mexico communities through individuals, religious and Community organizations, foundations, government entities, lending institution and others. In 2023, there were 54 New loans made in the amount of $8,823,571. The loans were made to 37 minority-owned businesses including 14 woman-owned businesses, and 3 non-profit organizations.

Personnel at New Mexico Community Development Loan Fund

NameTitleCompensation
F Leroy PachecoPresident and Chief Executive Officer$247,729
Conchie SearleController$142,673
George KeneficDirector of Enterprise Empowerment$114,660

Financials for New Mexico Community Development Loan Fund

RevenuesFYE 12/2023
Total grants, contributions, etc.$928,070
Program services$1,676,180
Investment income and dividends$33,984
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,638,234

Form 990s for New Mexico Community Development Loan Fund

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-01990View PDF
2022-122023-08-28990View PDF
2021-122022-08-22990View PDF
2020-122021-06-04990View PDF
2019-122020-09-03990View PDF
...and 10 more Form 990s
Data update history
March 6, 2025
Posted financials
Added Form 990 for fiscal year 2023
February 27, 2025
Updated personnel
Identified 1 new personnel
September 25, 2024
Updated personnel
Identified 5 new personnel
October 23, 2023
Updated personnel
Identified 1 new personnel
October 22, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Business and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
PO Box 705
Albuquerque, NM 87103
Metro area
Albuquerque, NM
County
Bernalillo County, NM
Website URL
loanfund.org/ 
Phone
(505) 243-3196
IRS details
EIN
85-0377424
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1989
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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