Organizations Filed Purposes:
TO ASSIST IN THE GROWTH AND DEVELOPMENT OF SMALL BUSINESS CONCERNS IN THE STATE OF NEW MEXICO.
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 105,581,000 AT SEPTEMBER 30, 2020, WITH MATURITIES RANGING FROM 2020 TO 2045. THE ORGANIZATION RECEIVES .625%, PER ANNUM, OF PRINCIPAL OUTSTANDING AS A LOAN-SERVICING FEE.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Justin Hyde | EXECUTIVE DI | 40 | $88,000 |
| Victor Valtierra | DIRECTOR | 1 | $0 |
| John Sanchez | DIRECTOR | 1 | $0 |
| Marcos Gonzales | DIRECTOR | 1 | $0 |
| Patricia Sullivan | DIRECTOR | 1 | $0 |
| James Easley | DIRECTOR | 1 | $0 |
| Jill Sweeney | DIRECTOR | 1 | $0 |
| Jaime Jaramillo | DIRECTOR | 1 | $0 |
| Chris Clepper | DIRECTOR | 1 | $0 |
| Dennis Sterosky | SECRETARY | 2 | $0 |
| Clemente Sanchez | TREASURER | 2 | $0 |
| Johanna Nelson | VICE PRESIDE | 2 | $0 |
| Alan Shettlesworth | PRESIDENT | 2 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202120639349301767_public.xml