Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1993.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
68 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
9 people listed on the 990; $142K paid to officers and key staff.
Mayling Armijo’s $142K as Executive Director is at the 89th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Mayling Armijo | $141,615 | $148,986 | $126,923 | — | — | — |
| Justin Hyde | — | — | — | $115,382 | $111,100 | $88,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Helps New Mexico small businesses grow and develop.
Questions for Elevated Landing Certified Development Company
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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.
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $945K | $957K |
| Total assetsLn 16 | $1.1M | $1.2M |
| LiabilitiesLn 26 | $149K | $373K |
| Net assetsLn 32 | $911K | $867K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $170K | $51K | $119K | |
| Other salaries and wagesLn 7 | $219K | $198K | $21K | |
| Other employee benefitsLn 9 | $40K | $24K | $16K | |
| Payroll taxesLn 10 | $31K | $20K | $11K | |
| Accounting feesLn 11c | $104K | $51K | $53K | |
| Advertising and promotionLn 12 | $28K | $28K | ||
| Office expensesLn 13 | $1K | $1K | $213 | |
| Information technologyLn 14 | $47K | $42K | $5K | |
| OccupancyLn 16 | $42K | $32K | $11K | |
| TravelLn 17 | $7K | $7K | $571 | |
| Depreciation, depletion and amortizationLn 22 | $435 | $391 | $44 | |
| InsuranceLn 23 | $23K | $21K | $2K | |
| Other expenses (24a–d)Ln 24 | $30K | $30K | $412 | |
| Total functional expensesLn 25 | $743K | $504K | $239K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $699K | $743K | −$44K | $867K | 990 PDF |
| FY2024 | $757K | $640K | $118K | $911K | 990 PDF |
| FY2023 | $747K | $881K | −$134K | $793K | 990 PDF |
| FY2022 | $994K | $901K | $92K | $928K | 990 PDF |
| FY2021 | $790K | $768K | $22K | $835K | 990 PDF |
| FY2020 | $813K | $749K | $64K | $770K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $698,654 revenue, 12 lines filed
Part VI · Governance 8 of 8 board members independent, no flags
Part VIII · Statement of revenue $698,654 across 6 lines filed
Part IX · Statement of functional expenses $742,910 across 13 lines filed
Part X · Balance sheet $1,239,521 assets, 13 lines filed
Part XI · Reconciliation of net assets $866,738 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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