2026-03-11T13:05:19-04:00 2025-09-30 481255955 TKM LLC 6747 Academy Road NE Ste A Albuquerque NM 87109 990 2024-10-01 850400026 ELEVATED LENDING CERTIFIED DEVELOPMENT COMPANY % MAYLING ARMIJO ELEV 6500 JEFFERSON ST NE STE 200 ALBUQUERQUE NM 87109 MAYLING ARMIJO EXECUTIVE DIRECTOR 5058439232 2026-03-11 false true DANIEL O TRUJILLO CPA P01060566 5058225100 2026-03-11 2024 2025-03-06 01:10:19Z X ALAN C SHETTLESWORTH 6500 JEFFERSON ST NE STE 200 ALBUQUERQUE NM 87109 698654 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 7 0 0 1347 234 570984 530402 184919 168018 0 757250 698654 0 0 405791 460414 0 0 233908 282496 639699 742910 117551 -44256 1060195 1239521 149201 372783 910994 866738 TO ASSIST IN THE GROWTH AND DEVELOPMENT OF SMALL BUSINESS CONCERNS IN THE STATE OF NEW MEXICO false false 503677 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, 2025, WITH MATURITIES RANGING FROM 2025 TO 2050. THE ORGANIZATION RECEIVES .625%, PER ANNUM, OF PRINCIPAL OUTSTANDING AS A LOAN-SERVICING FEE. 503677 true false false false false false false false false false true false false true 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 0 0 7 true false false false false false false false false false false false false false false false false false X 8 8 false false false false false false 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 STE 200 ALBUQUERQUE NM 87109 MAYLING ARMIJO EXECUTIVE DIRECTOR 40.00 0.00 X 141615 0 15736 CHRIS CLEPPER MEMBER 1.00 0.00 X 0 0 0 RANDY TRASK MEMBER 1.00 0.00 X 0 0 0 MICHAEL ARMIJO MEMBER 1.00 0.00 X 0 0 0 JOHN BROOKS MEMBER 1.00 0.00 X 0 0 0 YURIRIA MORALES-MANGONE MEMBER 1.00 0.00 X 0 0 0 ALAN C SHETTLESWORTH PRESIDENT 2.00 0.00 X X 0 0 0 JILL SWEENEY SECRETARY 0.00 0.00 X X 0 0 0 MARCOS A GONZALES TREASURER 2.00 0.00 X X 0 0 0 141615 0 15736 1 false true false 234 234 LOAN SERVICING FEES 525990 470561 470561 LOAN PROCESSING FEES 525990 54513 54513 LATE FEES 525990 4736 4736 MISCELLANEOUS INCOME 525990 592 592 530402 168018 168018 0 698654 698420 0 0 169856 50957 118899 219300 197906 21394 40262 23965 16297 30996 20151 10845 103703 50709 52994 27878 27878 1400 1187 213 46580 41922 4658 42462 31847 10615 7140 6569 571 435 391 44 22913 20622 2291 MISCELLANEOUS 6964 6552 412 TRAINING 3853 3853 CREDIT REPORTING 7249 7249 MEMBERSHIPS AND SUBSCRIPTION 11919 11919 742910 503677 239233 0 569398 571178 375537 385982 86749 75787 10221 12166 76680 76680 435 17855 194408 1060195 1239521 52270 77620 43525 64814 53406 230349 149201 372783 X 910994 866738 910994 866738 1060195 1239521 -44256 0 X false true X true false X 186142 2987 1347 234 190710 789352 735203 576335 570984 530402 3202276 789352 921345 579322 572331 530636 3392986 0 0 0 0 0 0 3392986 740 72608 167536 184919 168018 593821 740 72608 167536 184919 168018 593821 790092 993953 746858 757250 698654 3986807 0.85110 0.88860 0.15000 0.00000 X 29427 29427 47253 47253 RIGHT-OF-USE ASSET OPERATING LEASE 187059 DEPOSITS 7349 194408 LEASE LIABILITIES 188017 DUE TO BORROWER 21652 LOAN SERVICING AND PORTFOLIO LOSS R 20680 230349 X 698654 698654 698654 742910 742910 742910 Part X, Line 2-Text in footnote regarding FIN 48 (ASC 740) 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 STATES 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, 2025, AND 2024, 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 ORGANIZATIONS OPEN TAX PERIODS ARE FOR THE YEARS ENDED SEPTEMBER 30, 2021, AND THEREAFTER. false false false false false false false false false MAYLING ARMIJO EXECUTIVE DIRECTOR 141615 15736 157351 Governing body decisions Part VI line 7b THE ORGANIZATIONS MEMBERSHIP HAS THE POWER TO ELECT MEMBERS OF THE GOVERNING BODY. Form 990 governing body review Part VI line 11 FORM 990 IS REVIEWED AT A BOARD MEETING BY THE MEMBERS OF THE GOVERNING BODY BEFORE FILING THE RETURN. Conflict of interest policy compliance Part VI line 12c THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY THROUGH ANNUAL DISCLOSURE REQUIREMENTS. CEO executive director top management comp 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. Other officer or key employee compensation Part VI line 15b THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES, IF ANY, IS PERFORMED ANNUALLY AS PART OF THE BUDGETING PROCESS. Governing documents etc available to public Part VI line 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.