2013-10-07T11:29:51-05:00 2012-12-31 410746749 CLIFTONLARSONALLEN LLP 500 MARQUETTE NW SUITE 800 ALBUQUERQUE NM 87102 990 2012-01-01 201798654 NEW MEXICO COMMUNITY CAPITAL NEWM 5059242820 801 UNIVERSITY BLVD SE NO 102 ALBUQUERQUE NM 87106 THAD E PORCH CPA 5059242820 2013-09-25 1 STEPHEN E LIVINGSTON CPA P00317845 5058428290 2012 2016-02-24 21:20:13Z LESLIE ELGOOD 801 UNIVERSITY BLVD SE NO 102 ALBUQUERQUE NM 87106 948584 0 X WWW.NMCCAP.ORG X 2004 NM TO PROMOTE SOCIAL WELFARE, ALLEVIATE POVERTY AND LESSEN THE BURDENS OF GOVERNMENT THROUGH FINANCIAL ASSISTANCE, EQUITY INVESTMENTS, LOANS, AND OTHER AID DESIGNED TO IMPROVE THE ECONOMIC WELL BEING OF NEW MEXICO RESIDENTS PARTICULARLY FOR LOW-INCOME INDIVIDUALS IN ECONOMICALLY UNDERSERVED AREAS OF NEW MEXICO. 9 9 6 9 0 0 421748 564969 388707 373052 8891 10563 0 0 819346 948584 0 0 0 0 708534 652375 0 0 73000 235817 333224 944351 985599 -125005 -37015 1373033 1359307 48121 147978 1324912 1211329 X TO PROMOTE SOCIAL WELFARE, ALLEVIATE POVERTY AND LESSEN THE BURDENS OF GOVERNMENT THROUGH FINANCIAL ASSISTANCE, EQUITY INVESTMENTS, LOANS, AND OTHER AID DESIGNED TO IMPROVE THE ECONOMIC WELL BEING OF NEW MEXICO RESIDENTS PARTICULARLY FOR LOW-INCOME INDIVIDUALS IN ECONOMICALLY UNDERSERVED AREAS OF NEW MEXICO. 0 0 819166 373052 PROVIDE EQUITY CAPITAL AND MANAGEMENT RESOURCES TO QUALIFYING BUSINESS THROUGHOUT NEW MEXICO, PARTICULARLY IN UNDER-INVESTED AREAS. 819166 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 1 6 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NM X X THAD E PORCH CPA 5059342452 6200 UPTOWN RD SUITE 400 ALBUQUERQUE NM 87110 PENELOPE DOUGLAS 2.00 X 0 0 0 T GREG MERRION 2.00 X 0 0 0 RICHARD HARDING 2.00 X 0 0 0 OWEN LOPEZ 2.00 X 0 0 0 JAY CALHOUN 2.00 X 0 0 0 BEVERLEE MCCLURE 2.00 X 0 0 0 M GAYLE WATSON 2.00 X 0 0 0 RICHARD SCHEIDER 2.00 X 0 0 0 LESLIE ELGOOD 40.00 X 124957 0 4547 THAD PORCH 5.00 X 33384 0 0 J MICHAEL SCHAFER 40.00 X 148004 0 7961 MIKE EMERSON 40.00 X 101801 0 5482 SHYLA SHEPPARD 40.00 X 100986 0 2310 509132 0 20300 4 0 1 0 0 359181 205788 564969 MANAGEMENT FEES 523920 296278 296278 BUSINESS SERVICES 523920 76774 76774 373052 10563 10563 948584 373052 0 10563 426137 368846 14853 42438 145503 122930 11 22562 32132 19991 12141 48603 40448 155 8000 5047 2456 2591 65484 45839 19645 71131 65121 6010 21097 13798 7299 3243 2536 707 45653 32227 13426 41275 40765 510 30147 16141 14006 5853 4097 1756 1076 753 323 BAD DEBTS 83218 83218 GP EXPENSE REIMB -40000 -40000 985599 819166 93433 73000 22217 12299 1002482 876315 191907 233700 78538 157059 271 269 56932 49393 13392 7539 52470 68939 11756 3187 1373033 1359307 48121 130378 17600 48121 147978 X 685882 714193 639030 497136 1324912 1211329 1373033 1359307 X -37015 -6918 -69650 0 X X 0 1 X 1 0 X 944771 1233632 941980 421748 564969 4107100 439500 366250 351600 388707 373052 1919109 1384271 1599882 1293580 810455 938021 6026209 0 425599 320173 338578 328757 286792 1699899 425599 320173 338578 328757 286792 1699899 4326310 5827 7832 8584 8891 10563 41697 5827 7832 8584 8891 10563 41697 1390098 1607714 1302164 819346 948584 6067906 0.71300 0.65420 0.00690 0.00630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 54693 47154 7539 2239 2239 0 7539 INVESTMENTS IN PORTFOLIO COMPANIES 68939 F 68939 X DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE NMCC, AS A NONPROFIT, DOES NOT PAY INCOME TAXES AND DOES NOT HAVE ANY UNRELATED BUSINESS INCOME. INCOME OF THE PARTNERSHIP IS TAXABLE TO ITS PARTNERS. ACCORDINGLY, THE PARTNERSHIP HAS NO INCOME TAX LIABILITY, AND NO INCOME TAXES HAVE BEEN REPORTED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE PARTNERSHIP HAS ADOPTED ASC 740-10 RELATING TO CERTAIN TAX POSITIONS. ASC 740-10 PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PROCESS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS AND ALSO PROVIDES GUIDANCE ON VARIOUS RELATED MATTERS SUCH AS DERECOGNITION, INTEREST, PENALITIES, AND DISCLOSURES REQUIRED. THE PARTNERSHIP DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. X X X X 0 0 0 0 0 0 0 0 0 J MICHAEL SCHAFER 140004 0 8000 0 0 0 0 0 7961 0 155965 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 AFTER THE RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, THE CEO AND CFO REVIEW A COPY OF THE DRAFT AND FINAL FORM 990 FOR COMPLETENESS AND ACCURACY. THE FORM 990 IS THEN PRESENTED TO THE BOARD OF DIRECTORS. THE GOVERNING BOARD REVIEWS, THEN APPROVES THE FINAL COPY AND THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST AGREEMENT AND CONFIRM THEY ARE IN COMPLIANCE ANNUALLY. THEY ARE REQUIRED TO DISCLOSE CONFLICTS AT EACH BOARD MEETING OR AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE IS A PART OF THE BOARD OF DIRECTORS. THE COMPENSATION COMMITTEE REVIEWS AND DETERMINES THE COMPENSATION OF THE CEO AND OTHER OFFICERS THROUGH AN INTERNAL REVIEW PROCESS. THIS PROCESS INCLUDES THE USE OF COMPARABILITY DATA FOR SIMILARLY QUALIFIED PERSONS IN COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. ALL DELIBERATIONS AND DECISIONS ARE DOCUMENTED. THE CEO REVIEWS AND DETERMINES THE COMPENSATION OF OTHER KEY EMPLOYEES THROUGH AN INTERNAL REVIEW PROCESS. THIS PROCESS INCLUDES THE USE OF COMPARABILITY DATA FOR SIMILARLY QUALIFIED PERSONS IN COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. ALL DELIBERATIONS AND DECISIONS ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION AT THE ORGANIZATION'S OFFICES AND UPON REQUEST. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. PRIOR PERIOD ADJUSTMENT FORM 990, PART XI, LINE 8 IN 2008, NEW MEXICO COMMUNITY CAPITAL FUND I, LP, SUBSIDIARY OF NEW MEXICO COMMUNITY CAPITAL (NMCC), INCREASED THE VALUATION OF ONE OF ITS INVESTMENTS IN A MANNER THAT WAS INCONSISTENT WITH THEIR POLICIES. THE 2011 FINANCIAL STATEMENTS HAVE BEEN RESTATED TO ADJUST FOR THIS ERROR. THE EFFECT OF THIS RESTATEMENT WAS TO DECREASE NET ASSETS BY $124,997. THE FOLLOWING TABLE SUMMARIZES THE EFFECT ON NET ASSETS FOR THIS CORRECTION AS OF DECEMBER 31, 2011: $9,090,473 NET ASSETS PREVIOUSLY STATED FOR NMCC AND SUBSIDIARIES (124,997) CORRECTION OF ERROR - VALUATION OF PORTFOLIO COMPANY $8,965,476 AMOUNTS AS RESTATED ($69,650) OF THIS ADJUSTMENT WAS ALLOCATED TO NEW MEXICO COMMUNITY CAPITAL. FORM 8899 AND 1098-C REPORTING FORM 990, PART V, PAGE 5, ITEMS 7G & 7H THE ORGANIZATON DID NOT RECEIVE CONTRIBTUTIONS OF THE TYPE LISTED AND, THEREFORE, DID NOT HAVE A REPORTING REQUIREMENT ON EITHER FORM 8899 OR FORM 1098-C. THESE QUESTIONS HAVE NOT BEEN ANSWERED AS THEY ARE NOT APPLICABLE. NEW MEXICO COMMUNITY CAPITAL MANAGEMENT LLC PO BOX 1302 BERNALILLO NM 870041302 202825575 MANAGING INVESTMENT LIMITED PARTNERSHIPS NM 0 0 NEW MEXICO COMMUNITY CAPITAL NEW MEXICO COMMUNITY CAPITAL FUND 1 LP PO BOX 1302 BERNALILLO NM 870041302 202825662 INVESTMENT IN DEBT AND EQUITY SECURITIES NM NEW MEXICO COMMUNITY CAPITAL MANAGEMENT LLC INVSTMT-EXCLUDED -6918 0 1 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 NEW MEXICO COMMUNITY CAPITAL FUND LP D 98915 BOOK AMOUNT NEW MEXICO COMMUNITY CAPITAL FUND LP L 336278 BOOK AMOUNT