2025-02-21T10:00:07-05:00 2024-09-30 481255955 KUBIAK MELTON & ASSOCIATES LLC 6747 ACADEMY RD NE STE A ALBUQUERQUE NM 87109 990 2023-10-01 850400026 ENCHANTMENT LAND CERTIFIED DEVELOPMENT COMPANY ENCH 5058439232 6500 JEFFERSON ST NE SUITE 200 ALBUQUERQUE NM 87109 MAYLING ARMIJO EXECUTIVE DIRECTOR 5058439232 2025-02-20 true DANIEL O TRUJILLO CPA P01060566 5058225100 2025-02-21 2023 2025-03-06 01:10:19Z ALAN SHETTLESWORTH 757250 false X WWW.ELCDC.COM X 1988 NM TO ASSIST IN THE GROWTH AND DEVELOPMENT OF SMALL BUSINESS CONCERNS IN THE STATE OF NEW MEXICO 8 8 10 0 2987 1347 576335 570984 167536 184919 0 746858 757250 0 0 636121 405791 0 0 245196 233908 881317 639699 -134459 117551 953424 1060195 159981 149201 793443 910994 TO ASSIST IN THE GROWTH AND DEVELOPMENT OF SMALL BUSINESS CONCERNS IN THE STATE OF NEW MEXICO. false false 448235 SBA 504 LOAN PROGRAM - THE OBJECTIVE OF THE SBA 504 LOAN PROGRAM IS TO ACHIEVE COMMUNITY ECONOMIC DEVELOPMENT THROUGH JOB CREATION AND RETENTION BY PROVIDING LONG-TERM, LOW DOWN PAYMENT, REASONABLY PRICED, FIXED ASSETS FINANCING TO EXPAND SMALL AND MEDIUM SIZED BUSINESSES. ELCDC MARKETS SBA LOAN PROGRAMS, SCREENS PROJECTS FOR PROGRAM APPLICABILITY, PACKAGES LOAN PROPOSALS, WORKS WITH PRIVATE LENDERS TO SECURE COMMITMENTS, COORDINATES THE SALE OF SBA GUARANTEED DEBENTURES FOR 504 LOANS, AND SERVICES APPROVED 504 LOANS. ELCDC SERVICED LOANS WITH FUNDED AMOUNTS TOTALING APPROXIMATELY 120,000,000 AT SEPTEMBER 30, 2023, WITH MATURITIES RANGING FROM 2023 TO 2048. THE ORGANIZATION RECEIVES .625%, PER ANNUM, OF PRINCIPAL OUTSTANDING AS A LOAN-SERVICING FEE. 448235 true false false false false false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 5 0 10 true false false false false false false false false X 8 8 false false false false false true false true true false false true true true true true true true true false NM TX X X MAYLING ARMIJO 5058439232 6500 JEFFERSON ST NE SUITE 200 ALBUQUERQUE NM 87109 MAYLING ARMIJO EXECUTIVE DI 40.00 X 148986 0 14952 ALAN SHETTLESWORTH PRESIDENT 2.00 X X 0 0 0 MARCOS GONZALES TREASURER 2.00 X X 0 0 0 JILL SWEENEY SECRETARY 2.00 X X 0 0 0 RANDY TRASK MEMBER 1.00 X 0 0 0 JOHN BROOKS MEMBER 1.00 X 0 0 0 CHRIS CLEPPER MEMBER 1.00 X 0 0 0 YURIRIA MORALES MEMBER 1.00 X 0 0 0 MICHAEL ARMIJO MEMBER 1.00 X 0 0 0 148986 14952 1 false true false 1347 1347 LOAN SERVICING FEES 525990 498134 498134 LOAN PROCESSING FEES 525990 72850 72850 570984 184919 184919 757250 570984 184919 150000 45000 105000 201551 186243 15308 29685 20545 9140 24555 15231 9324 72314 39026 33288 3593 3593 1545 1431 114 47525 42773 4752 42404 31803 10601 15877 14607 1270 2459 2213 246 22961 20665 2296 MEMBERSHIPS & DUES 8288 8288 CREDIT REPORTING 8137 8137 TRAINING 7195 7195 MISCELLANEOUS 1610 1485 125 639699 448235 191464 0 439136 569398 364127 375537 75517 86749 14574 10221 76680 76245 2894 435 57176 17855 953424 1060195 49209 52270 28125 43525 82647 53406 159981 149201 X 793443 910994 793443 910994 953424 1060195 117551 X false true X true false X 186142 2987 1347 190476 782025 789352 735203 576335 570984 3453899 782025 789352 921345 579322 572331 3644375 3644375 31286 740 72608 167536 184919 457089 31286 740 72608 167536 184919 457089 813311 790092 993953 746858 757250 4101464 0.88860 0.91380 0.11000 0.09000 X 29427 28992 435 47253 47253 435 DUE TO BORROWER 21652 LOAN SERVICING LOSS RESERVE 20680 LEASE LIABILITIES 11074 53406 X 757250 757250 757250 639699 639699 639699 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATED OF AMERICA REQUIRE THE ORGANIZATION TO EVALUATE TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT AS OF SEPTEMBER 30, 2024, AND 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION'S OPEN TAX PERIODS ARE FOR THE YEARS ENDED SEPTEMBER 30, 2020, AND THEREAFTER. false false false false false false false false false MAYLING ARMIJO EXECUTIVE DIRECTOR 136486 12500 14952 163938 FORM 990, PAGE 6, PART VI, LINE 7A THE ORGANIZATION'S MEMBERSHIP HAS THE POWER TO ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED AT A BOARD MEETING BY THE MEMBERS OF THE GOVERNING BODY BEFORE FILING THE RETURN. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY THROUGH ANNUAL DISCLOSURE REQUIREMENTS. FORM 990, PAGE 6, PART VI, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION OF THE EXECUTIVE DIRECTOR IS A COMPARISON WITH INDUSTRY DATA. THIS PROCESS IS PERFORMED PERIODICALLY AS PART OF THE BUDGETING PROCESS. FORM 990, PAGE 6, PART VI, LINE 15B THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES, IF ANY, IS PERFORMED ANNUALLY AS PART OF THE BUDGETING PROCESS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.