EIN 85-0210244

New Mexico Rural Rehabilitation Corporation

IRS 501(c) type
501(c)(4)
Num. employees
1
Year formed
1933
Most recent tax filings
2023-06-01
Description
New Mexico Rural Rehabilitation Corporation provides funding for the development of rural areas. The organization administers a student loan program called the tuition assistance program, which offers loans to low-income students pursuing non-degree post-secondary certification in various trades and occupations. In addition, the corporation services eight housing loans totaling around $320,000; however, expenses were unusually high in 2022 due to a loan default.
Total revenues
$36,863
2023
Total expenses
$156,788
2023
Total assets
$1,879,852
2023
Num. employees
1
2023

Program areas at New Mexico Rural Rehabilitation Corporation

Housing loans: serviced 8 loans totaling approximately $320,000 expenses were unusually high in 2022 because of a loan default.
New Mexico Rural Rehabilitation Corporation administers a program of student loans. This program, tuition assistance program, makes loans to low income students seeking non-degree post secondary certification in various trades and occupations. Student loans as of june 2023 totaled $38,000
Agricultural loans serviced 5 loans totalling approximately $517,000

Personnel at New Mexico Rural Rehabilitation Corporation

NameTitleCompensation
Drew OlmsteadExecutive Director$60,000
Brian MunizPresident$0
Louis de santaDirector$0
Rick VolkVice President$0
Linda StoverAssistant Executive Director / Assistant Exec.director$0

Financials for New Mexico Rural Rehabilitation Corporation

RevenuesFYE 06/2023
Total grants, contributions, etc.$0
Program services$36,575
Investment income and dividends$288
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$36,863

Form 990s for New Mexico Rural Rehabilitation Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-062023-11-14990View PDF
2022-062022-11-11990View PDF
2021-062021-09-28990View PDF
2020-062021-06-08990View PDF
2019-062019-12-27990View PDF
...and 9 more Form 990s
Data update history
July 29, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 27, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 24, 2023
Used new vendors
Identified 1 new vendor, including
October 4, 2021
Posted financials
Added Form 990 for fiscal year 2020
April 29, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Health organizations
Issues
Health
Characteristics
State / local level
General information
Address
PO Box 81554
Albuquerque, NM 87198
Metro area
Albuquerque, NM
County
Bernalillo County, NM
Website URL
nmruralrehab.com/ 
Phone
(505) 256-7649
IRS details
EIN
85-0210244
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1933
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
E50: Rehabilitative Medical Services
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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