2025-10-07T20:01:30-04:00 2024-12-31 843482539 SJT GROUP LLC 4811 HARDWARE DR NE SUITE E-4 ALBUQUERQUE NM 87109 990 2024-01-01 850387276 CHURCH FINANCE CORPORATION CHUR 5053323777 PO BOX 16560 ALBUQUERQUE NM 871916560 DAYNA MELVIN CFO 5053327777 2025-08-19 true false ARMANDO SANCHEZ P01712667 5053128702 2025-10-07 2024 2025-03-06 01:10:19Z RICK BREEDEN PO BOX 16560 ALBUQUERQUE NM 871916560 5407211 false X WWW.CHURCHFINANCENM.ORG X 1960 NM THE CHURCH FINANCE CORPORATION (CORPORATION) IS A NEW MEXICO NON-PROFIT CORPORATION FOUNDED IN 1960. THE CORPORATION WAS FORMED TO ASSIST SOUTHERN BAPTIST AND OTHER EVANGELICAL CHRISTIAN CHURCHES AND RELATED MINISTRIES IN OBTAINING OR PROVIDING FINANCING FOR THE PURPOSE OF PURCHASING PROPERTY AND ERECTING OR IMPROVING BUILDINGS. THE CORPORATION'S MAJOR REVENUE SOURCES ARE FROM INTEREST INCOME FROM LOANS RECEIVABLE AND LOAN PROCESSING FEES. 8 8 0 0 1196 2654 4655189 4824129 579215 580428 0 5235600 5407211 0 0 0 0 0 3236162 3701142 3236162 3701142 1999438 1706069 83787311 88197711 73730280 76190285 10057031 12007426 X THE CHURCH FINANCE CORPORATION (CORPORATION) IS A NEW MEXICO NON-PROFIT CORPORATION FOUNDED IN 1960. THE CORPORATION WAS FORMED TO ASSIST SOUTHERN BAPTIST AND OTHER EVANGELICAL CHRISTIAN CHURCHES AND RELATED MINISTRIES IN OBTAINING OR PROVIDING FINANCING FOR THE PURPOSE OF PURCHASING PROPERTY AND ERECTING OR IMPROVING BUILDINGS. THE CORPORATION'S MAJOR REVENUE SOURCES ARE FROM INTEREST INCOME FROM LOANS RECEIVABLE AND LOAN PROCESSING FEES. false false 3576796 THE CHURCH FINANCE CORPORATION (CORPORATION) IS A NEW MEXICO NON-PROFIT CORPORATION FOUNDED IN 1960. THE CORPORATION FACILITATES THE GROWTH OF THE BAPTIST CHURCH'S WORK AND OTHER CHRISTIAN MINISTRIES BY PROVIDING FINANCIAL AND RELATED SERVICES AND INVESTMENT OPPORTUNITIES. THE CORPORATION MAKES LOAN FUNDS AVAILABLE TO CHURCHES AND MINISTRIES FOR PROPERTY ACQUISITION, BUILDING CONSTRUCTION, EXPANSION, AND REMODELING. THE CORPORATION ALSO PROVIDES INVESTMENT OPPORTUNITIES THAT HELPS GROW EXISTING RESOURCES THAT ALLOWS CHURCHES AND MINISTRIES TO EXPAND THE BODY OF CHRIST. 3576796 true false false false false false false false false false false true false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 758 0 true 0 false false false false false false false false X 8 8 false true false false false false false true true false false true true true true true true true true false NM X DAYNA MELVIN 5053323777 PO BOX 16560 ALBUQUERQUE NM 871916560 RICK BREEDEN PRESIDENT 40.00 X 0 309500 81301 LEWIS WILLIAMS CHAIRMAN 2.00 X X 0 0 0 JOE COEY VICE CHAIRMA 2.00 X X 0 0 0 KIRK HUDSON SECRETARY 2.00 X X 0 0 0 LINDA DEAN DIRECTOR 1.00 X 0 0 0 EDDIE MCCALL DIRECTOR 1.00 X 0 0 0 RICHARD GOMEZ DIRECTOR 1.00 X 0 0 0 JAMES FRANCIS DIRECTOR 1.00 X 0 0 0 ROBERT EWING DIRECTOR 1.00 X 0 0 0 309500 81301 false true false NEW MEXICO BAPTIST FOUNDATION PO BOX 16560 ALBUQUERQUE NM 87191 MANAGEMENT 600000 1 2654 2654 LOAN FEE INCOME 541900 4694686 4694686 INTEREST INCOME 541900 129443 129443 4824129 580428 580428 5407211 5404557 600000 486000 114000 54315 43995 10320 26250 26250 2855006 2855006 LOAN SERVICING FEES 165438 165438 LICENSES/FEES 133 107 26 3701142 3576796 124346 0 881272 822057 10843199 10493919 64447773 71039212 7615067 5842523 83787311 88197711 9249 4284 47115612 47221103 26605419 28964898 73730280 76190285 X 10057031 12007426 10057031 12007426 83787311 88197711 1706069 244326 X false true X true false X X X 1 BAPTIST CONVENTION OF NEW MEXICO BAPTIST CONVENTION OF NEW MEXICO 850128001 1 true 0 0 1 0 true false false false false false false false false false false false false false false true false NMBF INVESTMENT POOL 5842523 F 5842523 SHORT TERM INVEST. FUND CERTIFICATES 18784637 LOAN PARTICIPATION INVESTMENTS 10180261 28964898 X 5651537 244326 244326 5407211 5407211 3701142 3701142 3701142 SCHEDULE D, PAGE 3, PART X THE CORPORATION IS A NON-PROFIT ORGANIZATION AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. THE CORPORATION HAS ADOPTED FASB ASC 740-10, INCOME TAXES, RELATING TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THE CORPORATION HAS NOT RECOGNIZED ANY CHANGES TO ITS FINANCIAL STATEMENTS FOR UNCERTAIN TAX POSITIONS RESULTING FROM THIS ADOPTION. false false false false false false false false false RICK BREEDEN PRESIDENT 309500 81301 390801 SCHEDULE J, PART III RICK BREEDEN'S COMPENSATION IS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS OF THE NEW MEXICO BAPTIST FOUNDATION (FOUNDATION). THE ANNUAL MANAGEMENT FEE CHARGED TO THE CORPORATION BY THE FOUNDATION INCLUDES AN ANALYSES OF TIME TO BE SPENT ON CORPORATION ACTIVITIES BY FOUNDATION EMPLOYEES. RICK BREEDEN IS COMPENSATED SOLELY THROUGH THE FOUNDATION AND DOES NOT RECEIVE ANY COMPENSATION DIRECTLY FROM THE CORPORATION. FORM 990 - ORGANIZATION'S MISSION THE CHURCH FINANCE CORPORATION (CORPORATION) IS A NEW MEXICO NON-PROFIT CORPORATION FOUNDED IN 1960. THE CORPORATION WAS FORMED TO ASSIST SOUTHERN BAPTIST AND OTHER EVANGELICAL CHRISTIAN CHURCHES AND RELATED MINISTRIES IN OBTAINING OR PROVIDING FINANCING FOR THE PURPOSE OF PURCHASING PROPERTY AND ERECTING OR IMPROVING BUILDINGS. THE CORPORATION'S MAJOR REVENUE SOURCES ARE FROM INTEREST INCOME FROM LOANS RECEIVABLE AND LOAN PROCESSING FEES. FORM 990, PAGE 6, PART VI, LINE 3 MANAGEMENT SERVICES ARE PROVIDED TO THE CHURCH FINANCE CORPORATION BY THE NEW MEXICO BAPTIST FOUNDATION, A RELATED ORGANIZATION. THE NEW MEXICO BAPTIST FOUNDATION PROVIDES PERSONNEL WITH LENDING, INVESTMENT AND BUSINESS CONSULTING EXPERTISE NEEDED TO ACCOMPLISH ITS MISSION OF PROVIDING RESOURCES NEEDED FOR PROPERTY ACQUISITION, BUILDING CONSTRUCTION, EXPANSION, REPAIR AND REMODELING, OR NEW MINISTRY ESTABLISHMENT. THE PRESIDENT OF THE NEW MEXICO BAPTIST FOUNDATION SERVES IN THAT SAME CAPACITY ON BEHALF OF THE CHURCH FINANCE CORPORATION. THE NEW MEXICO BAPTIST FOUNDATION COMPENSATED ITS PRESIDENT A TOTAL OF 390,801 AS REPORTED IN PART VII OF THE 990. THE CHURCH FINANCE CORPORATION PAID THE NEW MEXICO BAPTIST FOUNDATION 600,000 FOR SERVICES PROVIDED TO THE ORGANIZATION FOR THE FISCAL YEAR ENDED DECEMBER 31, 2024. FORM 990, PAGE 6, PART VI, LINE 11B A DRAFT OF THE 990 INFORMATION RETURN IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND COMMENTS PRIOR TO BEING FILED. FORM 990, PAGE 6, PART VI, LINE 12C ANY POSSIBLE CONFLICT OF INTEREST ON THE PART OF ANY BOARD MEMBER SHALL BE DISCLOSED TO THE OTHER MEMBERS AND MADE A MATTER OF RECORD. ANY MEMBER HAVING A POSSIBLE CONFLICT OF INTEREST ON ANY MATTER SHALL NOT VOTE OR USE PERSONAL INFLUENCE ON THE MATTER. THE MINUTES OF THE MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE AND THE ABSTENTION FROM VOTING WILL BE NOTED. FORM 990, PAGE 6, PART VI, LINE 15A THE CHRUCH FINANCE CORPORATION DOES NOT CURRENTLY HAVE EMPLOYEES. MANAGEMENT SERVICES ARE PROVIDED BY THE NEW MEXICO BAPTIST FOUNDATION. IF MANAGEMENT OFFICIALS ARE COMPENSATED IN THE FUTURE,COMPENSATION WOULD BE INCLUDED IN THE BUDGETING PROCESS WHICH IS APPROVED BY THE CORPORATION'S BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15B ANY OTHER COMPENSATION FOR OFFICERS WOULD BE APPROVED BY THE CORPORATION'S BOARD OF DIRECTORS AS PART OF THE ANNUAL BUDGETING PROCESS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE MAINTAINED AT THE CHURCH FINANCE CORPORATION'S OFFICE AND ARE AVAILABLE UPON REQUEST. NEW MEXICO BAPTIST FOUNDATION PO BOX 16560 ALBUQUERQUE NM 87191 850158371 MANAGEMENT NM 501C3 12A NA false BAPTIST CONVENTION OF NEW MEXICO 5325 WYOMING BLVD NE ALBUQUERQUE NM 87109 585202572 SUPP ORG NM 501C3 7 NA false false false false false false false false false false false false false true false false false false false false NEW MEXICO BAPTIST FOUNDATION M 600000 FAIR MARKET VALUE