Public Charity

NEW MEXICO COMMUNITY DEVELOPMENT LOAN FUND INC

Based in ALBUQUERQUE, NM, NEW MEXICO COMMUNITY DEVELOPMENT LOAN FUND INC operates as a Public Charity. The organization reported $2.4M in revenue, $3.2M in expenses, $42.5M in total assets for fiscal year 2024. Imperigo tracks 2 reported grant relationships connected to this organization totaling approximately $40K.

EIN: 850377424 ALBUQUERQUE, NM Latest filing: 2024
Total Revenue$2.4M
Total Expenses$3.2M
Total Assets$42.5M
Grant Records2
Funding Total$40K
Filing Years2020–2024

Mission

SEE SCHEDULE OTHE LOAN FUND WAS FORMED TO ENCOURAGE AND FACILITATE THE INVESTMENT OF CAPITAL IN LOW-INCOME NEW MEXICO COMMUNITIES THROUGH INDIVIDUALS, RELIGIOUS AND COMMUNITY ORGANIZATIONS, FOUNDATIONS, GOVERNMENT ENTITIES, LENDING INSTITUTION AND OTHERS. THE LOAN FUND PLACES PARTICULAR EMPHASIS ON ASSISTING LOWINCOME, MINORITY AND WOMAN-OWNED BUSINESSES AND THOSE WHO MEET OTHER SPECIAL REQUIREMENTS AND ARE UNABLE TO ACCESS AFFORDABLE LOANS FROM TRADITIONAL SOURCES SUCH AS BANKS.

Officers & Directors

DIRECTOR Beth Petruno
DIRECTOR Chris Samborski
CFO Conchie Searle
DIRECTOR Dan Wilkinson Sr
DIRECTOR Dar Johnson
DIRECTOR David Allen

Officer compensation and complete director data available with membership.

Top Grant Purposes

Native Recovery
$30,000 1 grant
ACF ARTS & CULTURE GRANT
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $2.4M $3.2M $42.5M
2023 $2.6M $2.8M $42.5M
2022 $2.4M $2.2M $38.3M
2021 $2.0M $2.1M $35.2M
2020 $1.8M $1.9M $30.1M

Between 2020 and 2024, reported annual revenue grew from $1.8M to $2.4M (+35%), with total assets most recently reported at $42.5M.

Interactive year-over-year charts and full filing details available with membership.

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