Yes Housing Inc
- Assets
- $60.1m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 27
- Location
- Albuquerque, NM
- Founding
- 08/1996
- Data as of
- 12/2021
- EIN
- 85-0388252
Organization Overview
Yes Housing Inc is located in Albuquerque, NM. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2021, Yes Housing Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yes Housing Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Yes Housing Inc generated $5.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $3.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD AND REVITALIZE COMMUNITIES WITH QUALITY, AFFORDABLE HOUSING, ACCESSIBLE SOCIAL SERVICES, AND A DEDICATION TO BEING POSITIVE AGENTS FOR CHANGE WITHIN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SAFE, DECENT, AND AFFORDABLE MULTIFAMILY HOUSING AND SOCIAL SERVICES TO FAMILIES AND INDIVIDUALS THROUGHOUT THE STATE.
DEVELOPMENT OF AFFORDABLE HOUSING: RECEIVED A TAX CREDIT ALLOCATION FOR A 72 UNIT AFFORDABLE HOUSING DEVELOPMENT IN HOBBS, NM, FOR FAMILIES AND INDIVIDUALS. CONSTRUCTION BEGAN IN 2019 AND WAS COMPLETED IN MAY 2021. RECEIVED A TAX CREDIT ALLOCATION FOR A 96-UNIT AFFORDABLE HOUSING DEVELOPMENT IN ALBUQUERQUE, NM, FOR FAMILIES AND INDIVIDUALS. CONSTRUCTION BEGAN IN 2020 AND IS EXPECTED TO BE COMPLETED IN 2022. RECEIVED AN AWARD FOR A 42-UNIT PERMANENT SUPPORTIVE HOUSING DEVELOPMENT IN ALBUQUERQUE, NM, INTENDED TO SERVE THE "HARDEST TO HOUSE" HOMELESS INDIVIDUALS. CONSTRUCTION BEGAN IN 2020 AND WAS COMPLETED IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Augustine C Baca Presdent/ceo | Officer | 45 | $236,216 |
Holly Barela Svp/cfo/coo | Officer | 45 | $159,357 |
Michelle Denbleyker SVP Of Development | Officer | 45 | $156,268 |
Thaddeus Lucero SVP Business Development | 45 | $139,221 | |
Rose Silva Smith VP Of Asset Management | 45 | $127,791 | |
Robert J Avila Through Feb 2021 Director/vice Chairman | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pavilion Construction Llc Construction Services | 12/30/20 | $1,360,950 |
Beck Total Office Interiors Furnishings For Developments | 12/30/20 | $117,402 |
Jeebs & Zuzu Llc Architect Services | 12/30/20 | $182,342 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $106,264 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,338 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $123,602 |
| Total Program Service Revenue | $2,710,632 |
| Investment income | $685,882 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $578,590 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,858,347 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,515 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $737,743 |
| Compensation of current officers, directors, key employees. | $261,481 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,189,346 |
| Pension plan accruals and contributions | $85,015 |
| Other employee benefits | $290,323 |
| Payroll taxes | $130,522 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,393 |
| Fees for services: Accounting | $62,246 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $58,173 |
| Fees for services: Other | $2,364 |
| Advertising and promotion | $2,804 |
| Office expenses | $92,374 |
| Information technology | $35,906 |
| Royalties | $0 |
| Occupancy | $23,545 |
| Travel | $18,403 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,372 |
| Interest | $52,018 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $316,722 |
| Insurance | $30,207 |
| All other expenses | $0 |
| Total functional expenses | $3,690,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,345,947 |
| Savings and temporary cash investments | $1,511,139 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $331,342 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,048,803 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $56,596 |
| Net Land, buildings, and equipment | $3,734,047 |
| Investments—publicly traded securities | $17,078,425 |
| Investments—other securities | $0 |
| Investments—program-related | $21,722,634 |
| Intangible assets | $0 |
| Other assets | $9,291,224 |
| Total assets | $60,120,157 |
| Accounts payable and accrued expenses | $680,815 |
| Grants payable | $0 |
| Deferred revenue | $20,094 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $27,845,014 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $904,640 |
| Total liabilities | $29,450,563 |
| Net assets without donor restrictions | $30,669,594 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $60,120,157 |
Grants Awarded
Over the last fiscal year, Yes Housing Inc has awarded $250,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Albuquerque, NM PURPOSE: GENERAL OPERATIONS SUPPORT | $250,000 |
WEST CENTRAL COMMUNITY DEVELOPMENT GROUP PURPOSE: GENERAL OPERATIONS SUPPORT | $0 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Yes Housing Inc has recieved totaling $10,149.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $149 |
Endowment Analysis
| Beg. Balance | $3,979,967 |
| Earnings | $1,079,158 |
| Ending Balance | $5,059,125 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Genesys Works Group Return Houston, TX | $10,607,341 | $22,553,959 |
Vilcap Inc Houston, TX | $5,374,554 | $9,179,521 |
Coloradans For Responsible Energy Development Denver, CO | $1,966,473 | $10,490,943 |
Kleinheinz Family Foundation For The Arts And Education Fort Worth, TX | $0 | $13,876,382 |
Mercy Housing West Denver, CO | $50,068,396 | $10,621,235 |
National Endowment For Financial Education Denver, CO | $147,623,294 | $20,278,344 |
Comite De Bienestar Inc San Luis, AZ | $20,869,855 | $8,413,833 |
My Possibilities Plano, TX | $35,881,798 | $10,188,118 |
Encompass Health Services Incorporated Page, AZ | $5,896,055 | $7,419,352 |
Hardesty Family Foundation Inc Tulsa, OK | $132,895,698 | $5,904,373 |
Foundation For Human Enrichment Boulder, CO | $2,136,031 | $6,488,399 |
Colorado Chautauqua Association Boulder, CO | $13,715,907 | $9,331,518 |