Nonprofit · EIN 85-0387276
CHURCH FINANCE CORPORATION
Tax-exempt · ALBUQUERQUE, NM 87191
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $5,753,111 | $4,675,138 | $1,077,973 | $81,310,345 | $67,746,673 | $13,563,672 |
| December 31, 2024 | 990 | $5,407,211 | $3,701,142 | $1,706,069 | $88,197,711 | $76,190,285 | $12,007,426 |
| December 31, 2023 | 990 | $5,235,600 | $3,236,162 | $1,999,438 | $83,787,311 | $73,730,280 | $10,057,031 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $4,516
- Program service revenue
- $5,199,087
- Investment income
- $528,022
- Other revenue
- $21,486
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $7,017
- Program services (functional)
- $3,912,430
- Management and general (functional)
- $762,708
Balance sheet and other
- Total assets, start of year
- $88,197,711
- Total assets, end of year
- $81,310,345
- Total liabilities, end of year
- $67,746,673
- Net assets, end of year
- $13,563,672
- Net assets without donor restrictions
- $13,563,672
- Gross receipts
- $5,753,111
- Employees
- 0
- Year formed
- 1960
- State of legal domicile
- NM
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RICK BREEDEN | PRESIDENT Officer | 40 | $0 | $332,156 | $82,480 |
| DAYNA MELVIN | CFO Officer | 40 | $0 | $132,768 | $23,303 |
| LEWIS WILLIAMS | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JOE COEY | VICE CHAIRMA Trustee or director, Officer | 2 | $0 | $0 | $0 |
| KIRK HUDSON | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| LINDA DEAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT EWING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAMES FRANCIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD GOMEZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| EDDIE MCCALL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RICK BREEDEN | PRESIDENT Officer | 40 | $0 | $309,500 | $81,301 |
| LEWIS WILLIAMS | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JOE COEY | VICE CHAIRMA Trustee or director, Officer | 2 | $0 | $0 | $0 |
| KIRK HUDSON | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| LINDA DEAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| EDDIE MCCALL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD GOMEZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAMES FRANCIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT EWING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RICK BREEDEN | PRESIDENT Officer | 40 | $0 | $279,170 | $72,938 |
| LEWIS WILLIAMS | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JOE COEY | VICE CHAIRMA Trustee or director, Officer | 2 | $0 | $0 | $0 |
| KIRK HUDSON | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| LINDA DEAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| EDDIE MCCALL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD GOMEZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAMES FRANCIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT EWING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 16560, ALBUQUERQUE, NM 87191-6560
- In care of
- % RICK BREEDEN
- Principal officer (990 for 2025)
- RICK BREEDEN, PO BOX 16560, ALBUQUERQUE, NM 871916560
- Signed the 990
- DAYNA MELVIN, CFO
- Phone
- (505) 332-3777
- Website
- WWW.CHURCHFINANCENM.ORG
- Return prepared by
- SJT GROUP LLC
Mission
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.
Program accomplishments
- 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.Expenses $3,912,430
What it must file and when
IRS records say it files Not required (church). Churches are not required to file. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-0387276
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Church
- Exempt since
- 1968
- Accounting year ends
- December
- Files
- Not required (church)
- Group exemption
- 1947: BAPTIST CONVENTION OF NEW MEXICO
- Assets (IRS master file)
- $81,310,345
- Income (IRS master file)
- $5,753,111
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $5,753,111 | $4,675,138 | $81,310,345 | XML |
| 990 | December 2024 | $5,407,211 | $3,701,142 | $88,197,711 | IRS |
| 990 | December 2023 | $5,235,600 | $3,236,162 | $83,787,311 | XML |
| 990 | December 2022 | $3,903,790 | $2,987,060 | $88,136,013 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-0387276).
Questions about CHURCH FINANCE CORPORATION
- What is the EIN of CHURCH FINANCE CORPORATION?
- The employer identification number (EIN) of CHURCH FINANCE CORPORATION is 85-0387276.
- Is CHURCH FINANCE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.
- Which annual return does CHURCH FINANCE CORPORATION file?
- Form Not required (church). Churches are not required to file.
- When is the next return of CHURCH FINANCE CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHURCH FINANCE CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CHURCH FINANCE CORPORATION?
- The 990 for the year ended December 31, 2025 names RICK BREEDEN.
- Who are the officers and directors of CHURCH FINANCE CORPORATION?
- The 990 for the year ended December 31, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does CHURCH FINANCE CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $5,753,111, expenses of $4,675,138 and total assets of $81,310,345 at year end.
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