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Filing year 2024

NEW MEXICO COMMUNITY DEVELOPMENT LOAN FUND INC

Albuquerque, New Mexico·EIN 85-0377424·501(c)(3)
Total revenue
$2.4M
Total assets
$42.5M
Total expenses
$3.2M
Reported officers
18
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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President/ceo
Above 90th percentile
$311k
$331k
Base
$253k
Bonus
$16k
Other
Benefits
$34k
CFO
Median to 75th percentile
$171k
$182k
Base
$136k
Bonus
$15k
Other
Benefits
$17k
Director of Enterprise
Highest Compensated Employee
25th percentile to median
$147k
$156k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 15 unpaid individuals.

Up 9%
from 2023

From $286k in 2023 to $311k in 2024.

$286k
2023
$311k
2024
In today's dollarsEst.
Up 6% in real terms$313k to $331k

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 9% from 2023 to 2024, while revenue fell 9%.

$286k in 2023 to $311k in 2024.
  • Chief Financial Officer pay rose 5% from 2023 to 2024.
  • Highest Compensated Employee pay rose 8% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

NEW MEXICO COMMUNITY DEVELOPMENT LOAN FUND INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.6M
$2.8M
2023
$2.4M
$3.2M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about NEW MEXICO COMMUNITY DEVELOPMENT LOAN FUND INC

What does the Chief Executive Officer of NEW MEXICO COMMUNITY DEVELOPMENT LOAN FUND INC earn?

In 2024, the Chief Executive Officer of NEW MEXICO COMMUNITY DEVELOPMENT LOAN FUND INC received $310,895 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at NEW MEXICO COMMUNITY DEVELOPMENT LOAN FUND INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at NEW MEXICO COMMUNITY DEVELOPMENT LOAN FUND INC falls in the top 10%.

What are NEW MEXICO COMMUNITY DEVELOPMENT LOAN FUND INC's revenue and expenses?

In 2024, NEW MEXICO COMMUNITY DEVELOPMENT LOAN FUND INC reported $2.4M in total revenue and $3.2M in total expenses on its IRS Form 990.

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