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San Luis Valley Development Resources Group

San Luis Valley Development Resources Group

Alamosa, CO
Tax ID84-0896112

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About this organization

Revenue

$1,011,276

Expenses

$591,141

Website

slvdrg.org

Mission

Economic development planning for local governments and agencies and administration of revolving loan fund.

About

Revolving loan funds are used to provide commercial financing to for-profit businesses located in the six counties encompassing the San Luis Valley. Financing is also available for business expansion, start-ups, and retentions.

Interesting data from their 2019 990 filing

The purpose of the non-profit, as set forth in the filing, is “Economic development planning for local governments and agencies and administration of revolving loan fund.”.

When discussing its purpose, they were characterized as: “Economic development planning for local governments and agencies and administration of revolving loan fund.”.

  • The state in which the non-profit is legally authorized to operate is CO, as reported.
  • The filing confirms that the non-profit's address in 2019 was 610 STATE AVE SUITE 200, ALAMOSA, CO, 81101.
  • The form of the non-profit reports 7 employees as of 2019.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor-advised fund.
  • Is not a private foundation.
  • Expenses are between $500,000 and $1,000,000+.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $420,135.
  • The remuneration of the CEO of the organization is based on an independent review and approval process.
  • The organization has 11 independent voting members.
  • The organization was formed in 1994.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule O.
  • The organization pays $418,377 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization has minutes of its meetings.
  • The organization's financial statements were reviewed by an accountant.

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