United South Broadway Corporation
- Assets
- $880.3k
- Revenue
- $964.2k
- Investments
- $0.0
- Employees
- 10
- Location
- Albuquerque, NM
- Founding
- 08/1989
- Data as of
- 12/2021
- EIN
- 85-0371937
Organization Overview
United South Broadway Corporation is located in Albuquerque, NM. The organization was established in 1989. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, United South Broadway Corporation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United South Broadway Corporation 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 12/2021, United South Broadway Corporation generated $964.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $805.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE SOCIAL, PHYSICAL, AND ECONOMIC CONDITIONS OF THE NEIGHBORHOODS LOCATED WITHIN THE ALBUQUERQUE POCKET OF POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECURED CONTRACT WITH THE ALBUQUERQUE PUBLIC SCHOOLS. RENEWED CONTRACT WITH THE CIVIL LEGAL SERVICES COMMISSION. CONDUCTED 15 PISAB TRAININGS APPLIED AND RECEIVED 115,000 IN PAYROLL PROTECTION PROGRAM LOAN. RECEIVED FORGIVENESS FOR 235,400 IN PAYROLL PROTECTION PROGRAM LOANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Dorn-Jones Executive Di | Officer | 40 | $97,450 |
Marie Robinson Vice Preside | OfficerTrustee | 2 | $0 |
Rick Burton President | OfficerTrustee | 2 | $0 |
Alma Olivas Director | Trustee | 2 | $0 |
Beatrice Gutierrez Director | Trustee | 2 | $0 |
Joseph Jaramillo Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $331,691 |
| All other contributions, gifts, grants, and similar amounts not included above | $231,108 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $562,799 |
| Total Program Service Revenue | $145,150 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,805 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $964,154 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $97,450 |
| Compensation of current officers, directors, key employees. | $19,490 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $356,361 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,088 |
| Payroll taxes | $36,971 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,481 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $126,641 |
| Advertising and promotion | $5,525 |
| Office expenses | $7,586 |
| Information technology | $8,781 |
| Royalties | $0 |
| Occupancy | $40,215 |
| Travel | $473 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,529 |
| Interest | $10,412 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,778 |
| Insurance | $21,087 |
| All other expenses | $100 |
| Total functional expenses | $805,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,878 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $151,148 |
| Accounts receivable, net | $21,125 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,327 |
| Net Land, buildings, and equipment | $436,287 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $63,525 |
| Total assets | $880,290 |
| Accounts payable and accrued expenses | $65,121 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $584,223 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,849 |
| Total liabilities | $675,193 |
| Net assets without donor restrictions | $115,827 |
| Net assets with donor restrictions | $89,270 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $880,290 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that United South Broadway Corporation has recieved totaling $241,622.
| Awarding Organization | Amount |
|---|---|
Marguerite Casey Foundation Seattle, WA PURPOSE: FOR GENERAL OPERATING SUPPORT. | $100,000 |
National Community Reinvestment Coalition Inc Washington, DC PURPOSE: HOUSING COUNSELING SERVICES | $62,622 |
Con Alma Health Foundation Santa Fe, NM PURPOSE: HEALTHCARE | $43,500 |
State Bar Of New Mexico Albuquerque, NM PURPOSE: GENERAL SUPPORT | $25,000 |
Pnm Foundation Inc Albuquerque, NM PURPOSE: AFFORDABLE HOUSING GRANTS | $10,000 |
Pnm Foundation Inc Albuquerque, NM PURPOSE: DIRECTORY DISCRETIONARY GRANTS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trellis Phoenix, AZ | $14,366,435 | $6,000,326 |
Choctaw Home Finance Corporation Hugo, OK | $41,603,896 | $2,950,150 |
Mueller Foundation Austin, TX | $53,172,172 | $7,187,805 |
Neighborhood Housing Services Of San Antonio Inc San Antonio, TX | $7,102,785 | $963,839 |
Nestquest Houston Inc Houston, TX | $268,703 | $911,720 |
United South Broadway Corporation Albuquerque, NM | $880,290 | $964,154 |
Homesfund Durango, CO | $12,692,092 | $1,385,427 |
Harlingen Community Development Corporation Harlingen, TX | $6,702,200 | $615,756 |
Osage Financial Resources Inc An Oklahoma Non Profit Corporation Pawhuska, OK | $4,289,875 | $172,546 |
Gvec Charitable Foundation Gonzales, TX | $170,391 | $368,730 |
Arkla Good Neighbor Fuel Fund Shreveport La Houston, TX | $44,413 | $64,953 |
Sense Of Security Inc Denver, CO | $269,275 | $148,497 |