Encino El Paseo Inc
- Assets
- $222.5k
- Revenue
- $221.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 09/1983
- Data as of
- 09/2023
- EIN
- 85-0311498
Organization Overview
Encino El Paseo Inc is located in Albuquerque, NM. The organization was established in 1983. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Encino El Paseo Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Encino El Paseo Inc generated $221.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $211.6k during the year ending 09/2023. While expenses have increased by 1.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A NONPROFIT CORPORATION ORGANIZED IN ALBUQUERQUE, NEW MEXICO IN 1983 TO OPERATE AN APARTMENT COMPLEX OF 20 UNITS, PROVIDING VERY LOW INCOME AND HANDICAPPED OR ELDERLY PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS. THE HOUSING FACILITIES ARE FUNDED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959, AS AMENDED. SUCH PROJECTS ARE REGULATED BY U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENT CHARGES AND METHOD OF OPERATIONS. THE PROJECT'S MAJOR PROGRAM IS ITS SECTION 202 DIRECT LOAN PROGRAM. THE PROJECT IS SUBJECT TO SECTION 8 HOUSING ASSISTANCE PAYMENTS AGREEMENTS WITH HUD, AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED AS HUD SUBSIDIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Rockwell President | 1 | $0 | |
Michael Caldwell Director | 1 | $0 | |
Robert Mcneill Director | 1 | $0 | |
Lindsey Gilbert Secretary | 1 | $0 | |
Mike Noonan Director | 1 | $0 | |
Greg Leach Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $221,355 |
| Total Revenue | $221,355 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $37,086 |
| Pension plans, employee benefits | $3,229 |
| Interest | $29,585 |
| Taxes | $3,047 |
| Depreciation | $1,433 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $133,560 |
| Total operating and administrative expenses | $211,561 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $211,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,524 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $7,222 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,417 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $79,733 |
| Other assets | $128,642 |
| Total assets | $222,538 |
| Accounts payable and accrued expenses | $2,590 |
| Grants payable | $0 |
| Deferred revenue | $5,828 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $332,048 |
| Other liabilities | $9,491 |
| Total liabilities | $349,957 |