2023-07-05T18:25:17-04:00 2022-12-31 205855985 WATERS & COMPANY LLC 3311 CANDELARIA NE SUITE J ALBUQUERQUE NM 871071952 990 2022-01-01 311788086 SOUTHWESTERN REGIONAL HOUSING AND COMMUNITY DEVELOPMENT CORP SOUT 5755464181 109 E PINE STREET DEMING NM 88030 VERONIKA MOLINA EXECUTIVE DIRECTOR 5055464181 2023-07-05 true VERONIKA MOLINA 999009999 true OLLIE D WATERS P00072561 5052600616 2023-07-03 2022 2023-04-26 12:10:37Z VERONIKA MOLINA 109 E PINE STREET DEMING NM 88030 2553976 false X WWW.SWNM.ORG X 2001 NM 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 4 4 22 0 3255978 2426467 155953 33080 3231 3547 1909 27375 3417071 2490469 0 0 997689 993549 0 0 2209888 1624404 3207577 2617953 209494 -127484 1432572 1975787 127220 794574 1305352 1181213 X 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 false false 2463193 33080 WE ACCOMPLISHED RE-ROOFING 78 HOMES FOR LOW-INCOME FAMILIES, RE-VAMPED OUR WEATHERIZATION PROGRAMS INTERNALLY, AND WE CLOSED ON 5 SINGLE FAMILY SELF- HELP HOMES. 2463193 true true false false false false false false false false true false false true true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 27 0 22 true false false false false false false false false X 4 4 false false false false false false false true true false false false true true true true false true true false NM X RICHARD PATTERSON CPA 5755464181 115 W HEMLOCK DEMING NM 88030 VERONIKA MOLINA EXECUTIVE DI 40.00 X 85668 0 0 KERENA BARRON DIRECTOR 2.00 X 0 0 0 JOANNE HETHCOX TREASURER 2.00 X 0 0 0 RACHEL MARRUFO CHAIR 2.00 X 0 0 0 JULIE MONTENEGRO VICE CHAIR 2.00 X 0 0 0 85668 false false false 2310243 116224 2426467 ADMINISTRATIVE FEES 33080 33080 33080 3547 3547 78652 63507 15145 15145 OTHER 12230 12230 12230 2490469 60455 3547 X 85668 42834 42834 762066 691920 70146 60339 52297 8042 85476 74084 11392 341230 341230 548 548 19034 16498 2536 38423 33302 5121 52462 45470 6992 260350 260350 16583 16583 86076 83204 2872 PROGRAM MATERIAL & SUPPLI 586742 586742 HOME REHABILITATIO COSTS 114567 114567 TRAINING AND EDUCATION 47677 47677 OTHER 40861 36036 4825 19851 19851 2617953 2463193 154760 0 296094 665546 161101 209065 152185 68356 12390 12390 115776 79041 53318 36735 757484 983695 1432572 1975787 127220 157286 637288 127220 794574 X 1305352 1181213 1305352 1181213 1432572 1975787 X -127484 3345 X false true X true true true X 1853402 2385322 1613934 3407437 2426467 11686562 1853402 2385322 1613934 3407437 2426467 11686562 11686562 2419 3715 3232 3231 3547 16144 1909 12230 14139 11716845 862122 0.99740 0.99850 X PART II, LINE 10 OTHER 14,139 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 84210 49303 34907 31566 29738 1828 36735 AHP NOTE RECEIVABLE 314890 ADMIN FEE RECEIVABLE 305487 RIGHT TO USE LEASE 148038 NOTE RECEIVABLE 100000 MATERIAL INVENTORY 88678 INTEREST RECEIVABLE 26602 983695 CLIENT TRUST ACCOUNT 491915 LEASE LIABILITY 145373 637288 X 2490469 2490469 2490469 2617953 2617953 2617953 SCHEDULE D, PAGE 3, PART X SRHCDC ANNUALLY EVALUATES ALL FEDERAL AND STATE INCOME TAX POSITIONS. THIS PROCESS INCLUDES AN ANALYSIS OF WHETHER THESE INCOME TAX POSITIONS THE ORGANIZATION TAKES MEET THE DEFINITION OF AN UNCERTAIN TAX POSITION UNDER THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS CODIFICATION. AS OF DECEMBER 31, 2022, THERE WERE NO UNCERTAIN TAX POSITIONS NOTED. SRHCDC'S POLICY IS TO CLASSIFY INCOME TAX PENALTIES AND INTEREST, WHEN APPLICABLE, ACCORDING TO THEIR NATURAL CLASSIFICATION. UNDER THE STATUTE OF LIMITATIONS, SRHCDC'S TAX RETURNS ARE NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR YEARS PRIOR TO 2019. FORM 990 - ORGANIZATION'S MISSION 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 FORM 990, PAGE 6, PART VI, LINE 11B COPY OF 990 IS GIVEN TO THE BOARD OF DIRECTORS TO REVIEW AND ACCEPTANCE PRIOR TO IRS SUBMISSION. FORM 990, PAGE 6, PART VI, LINE 12C POTENTIAL CONFLICTS OF INTEREST ARE REQUIRED TO BE REPORTED TO THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES IS REVIEWED AND APPROVED DURING THE BUDGET PROCESS. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR KEY EMPLOYEES IS REVIEWED AND APPROVED DURING THE BUDGET PROCESS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES 341,230 0 0 FORM 990, PART XI, LINE 9 ROUNDING 0