New Mexico Housing & Community Development Corporation

Legal name: New Mexico Housing Corporation

Nonprofit profile at a glance

EIN
202952576
IRS 990 coverage
2012–2013
Official website data refreshed
Sep 2026
Forms available
Form 990 2013, Form 990-EZ 2011, Form 990-N 2010
Location
Truth or Consequences, NM, USA
Phone
(575) 213-1650
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Homeowners & Tenants Associations

Official website

Reported finances

Revenue
$125
Expenses
$166,071
Assets
$254,944
Liabilities
$536,900

Source: IRS Form 990. Selected filing: tax year 2013. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • THOMAS HASSELL (Executive Director)

Highest reported compensation

  • THOMAS HASSELL (Executive Director): $96,966 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2013. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The New Mexico Housing and Community Development Corporation (NMHCDC) places special emphasis and commitment to the development, sponsorship, management and/or ownership of low to moderate income housing. The corporation was created in 2003 for the purpose of developing and/or providing, on a 501(c)3 non-profit basis, decent, safe and sanitary housing for low- and moderate-income households, and individuals—including the elderly, handicapped and disabled.

What it reported doing in 2013

To acquire, rehabilitate, newly construct, preserve and manage affordable housing throughout New Mexico.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 100
  • Accountability: 79
  • Sustainability: 11
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 92.4%; rating input score 92
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -132,756.8%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 1.54; rating input score 33; 33rd percentile among comparable filings
  • Liabilities to assets ratio: 2.11; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 58.4%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 0% per year; rating input score 100; 60th percentile among comparable filings
  • Asset growth: 6.9% per year; rating input score 100; 76th percentile among comparable filings

Details

  • What they do: 1 operating location identified
  • Where the money goes: 100% of revenue deployed · 92.4% of spending went to programs
  • Governance: 2 of 2 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $154K in reported program spending
  • Leadership: top reported pay $97K · 3 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 2 filing years from 2012 to 2013
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 4 of 8 not reported.
  • High — Sustainability: Operating margin scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.