Lea County Housing Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO INCREASE THE QUALITY, QUANITY AND AVAILABILITY OF AFFORDABLE HOUSING IN LEA COUNTY
- Income
- $11,204
- Spending
- $12,631
- Spent on programs
- 33%
- Reserves
- 67.6 months of spending
- Largest source of income
- fees for its services, 63%
- Employees
- 0
Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 81 out of 100. Higher than 58% of charities in its peer group (housing, under $250k).
Independent board
25 of 258 of 8 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $4,200 spent. FIRST ACCOMPLISHMENT - ASSISTS WITH THE ADMINISTRATION OF THE MONTHLY PARK PLACE RESIDENT COUNCIL MEETING AND PROVIDES QUARTERLY FISCAL LIT- ERACY TRAINING TO PARK PLACE RESIDENTS TRAINING TO PARK PLACE RESIDENT AT PARK PLACE FOR AN ANNUAL FEE $5,000. SECOND ACCOMPLISHMENT - UNDER OUR NON-PROFIT BY-LAWS, LCHI PERFORMS SERVICES FOR THE COMMUNITY, ALL AT NO COST RESIDENCES. WE PROVIDE HOMEBUYER EDUCATION AND OPERATE THE FACEBOOK PAGE, ASSIST WITH THE IMPLEMENATION OF THE LEA COUNTY AFFORDABLE HOUSING PLANS, AND PROVIDE OTHER HOUSING SERVICES AS NECESSARY. THESE ITEMS ARE ACCOMPLISHED WITH FUNDING FROM THE LIHTC APARTMENT DEVELOPMENT FEES. THE LOW (CONTINUED BELOW)
- INCOME HOUSING APARTMENT PROJECT ARE DESCRIBED IN THE 3RD AND 4TH ACOMPLISHMENTS BELOW. FIRST-TIME HOME BUYER EDUCATION WAS PROVIDED EACH OCTOBER AND APRIL USING A NEIGHBORHOOD CERTIFIED HBE INSTRUCTOR. NO HOUSING COUNCELING SERVICES WERE PROVIDED. THIRD ACCOMPLISHMENT - CASA HERMOSA (PARK PLACE) LIHTC APARTMENT PROJECT - FOLLOWING RECEIPT OF TAX CREDITS FROM THE NM FINANCE AUTHOR- ITY, IN MAY 2012, PREDEVELOPMENT ACTIVITIES COMMENCED AND LCHI AND CHELSEA INVESTMENT COMPANY BECAME (.49% & .51%) CO-GENERAL MANAGEMENT ALONG WITH THE 99.9% TAX CREDIT INVESTMENT OWNER IN A NEW COMPANY CALLED MICHIGNA DRIVE, LLC. THE PROJECT FINANCING CLOSED DURING THE (CONTINUED BELOW)
- LAST OF DECEMBER AND EARLY JANUARY 2013. APARTMENT CONSTRUCTION BEGAN IN FEBRAURY 2013 AND WAS COMPLETED MARCH 2014. THE APARTMENTS ARE OVER 98% OCCUPIED BY FAMILES IN THE 30%, 50% AND 60% INCOME LIMITS. LCHI RECEIVES A 10% DEVELOPMENT FEE PAYMENT FROM CHELSEA FOR PARK PLACE THAT IS PAID OUT OVER SEVERAL YEARS. FOURTH ACCOMPLISHMENT - CHELSEA INVESTMENTS ALSO REQUESTED LCHIT TO BE THE NON-PROFIT GENERAL PARTNER ON ANOTHER MFA TAX CREDIT PROJECT. A 58 UNIT AFFORDABLE HOUSING PROJECT CALLED PARKSIDE TERRACE WAS PURSUED IN JANUARY 2016 AND SELECTED FOR MFA LIHTC FUNDING. THE PROJECT WAS COMP- LETED IN EARLY 2018. 95% OF UNITS ARE RENTED TO 30%,50%& 60% INCOME (CONTINUED ON SCHEDULE 0)
Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Worth knowing.
Status was revoked on February 15, 2024 for not filing returns for three years, and reinstated on February 15, 2024.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending September 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.