Church Finance Corporation

Organization Overview

Church Finance Corporation is located in Albuquerque, NM. The organization was established in 1968. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes.

For the year ending 12/2020, Church Finance Corporation generated $3.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $2.7m during the year ending 12/2020. While expenses have increased by 2.7% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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Board, Officers & Key Employees

Name (title)Compensation
Ken Goode
Secretary
$0
Betty Babicz
Treasurer
$0
Rick Breeden
President
$0
Lewis Williams
Director
$0
Joe Coey
Director
$0
Kirk Hudson
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$2,794,400
Investment income $162,602
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $2,957,002

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