Yes Housing Inc
- Assets
- $65.4m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 28
- Location
- Albuquerque, NM
- Founding
- 08/1996
- Data as of
- 12/2023
- 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 12/2023, Yes Housing Inc employed 28 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 12/2023, Yes Housing Inc generated $5.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $4.8m during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
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
BUILD AND REVITALIZE COMMUNITIES WITH QUALITY, AFFORDABLE HOUSING, AND ACCESSIBLE SERVICES AND A DEDICATION TO BEING POSITIVE AGENTS FOR CHANGE WITHIN THE COMMUNITY AND THROUGHOUT THE STATE.
DEVELOPMENT OF AFFORDABLE HOUSING: RECEIVED A TAX CREDIT ALLOCATION FOR A 100-UNIT AFFORDABLE HOUSING DEVELOPMENT IN ALBUQUERQUE, NM, FOR FAMILIES AND INDIVIDUALS. CONSTRUCTION BEGAN IN 2020 AND WAS COMPLETED COMPLETED IN 2023. RECEIVED A TAX CREDIT ALLOCATION FOR A 56-UNIT AFFORDABLE HOUSING DEVELOPMENT IN HOBBS, NM, FOR INDIVIDUALS 55 YEARS AND OLDER. CONSTRUCTION BEGAN IN 2022 AND IS EXPECTED TO BE COMPLETED IN 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Beverlee Mcclure Chair | OfficerTrustee | 0.5 | $0 |
Lawrence Chavez Vice Chair | OfficerTrustee | 0.5 | $0 |
Kevin Caudill Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Ron Wallace Director | Trustee | 0.5 | $0 |
Renee Paisano Trujillo Director | Trustee | 0.5 | $0 |
Garret Hennessy Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pavilion Construction Llc Construction Services | 12/30/20 | $1,360,950 |
Jeebs & Zuzu Llc Architect Services | 12/30/20 | $182,342 |
Beck Total Office Interiors Furnishings For Developments | 12/30/20 | $117,402 |
Pavilion Construction Llc Construction Services | 12/30/20 | $1,360,950 |
Jeebs & Zuzu Llc Architect Services | 12/30/20 | $182,342 |
Beck Total Office Interiors Furnishings For Developments | 12/30/20 | $117,402 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,650 |
| Related organizations | $0 |
| Government grants | $1,626,855 |
| All other contributions, gifts, grants, and similar amounts not included above | $230,222 |
| Noncash contributions included in lines 1a–1f | $1,100,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,888,727 |
| Total Program Service Revenue | $2,281,838 |
| Investment income | $1,015,709 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $485,708 |
| Net Income from Fundraising Events | $8,746 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,692,545 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,000 |
| 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. | $842,511 |
| Compensation of current officers, directors, key employees. | $117,952 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,510,645 |
| Pension plan accruals and contributions | $97,085 |
| Other employee benefits | $295,517 |
| Payroll taxes | $161,331 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,142 |
| Fees for services: Accounting | $87,078 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $62,868 |
| Fees for services: Other | $24,578 |
| Advertising and promotion | $1,191 |
| Office expenses | $90,750 |
| Information technology | $46,474 |
| Royalties | $0 |
| Occupancy | $27,817 |
| Travel | $24,602 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,643 |
| Interest | $197,642 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $389,370 |
| Insurance | $48,711 |
| All other expenses | $32,959 |
| Total functional expenses | $4,785,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,662,902 |
| Savings and temporary cash investments | $1,242,900 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,339,874 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,369,688 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $135,011 |
| Net Land, buildings, and equipment | $10,532,669 |
| Investments—publicly traded securities | $10,679,599 |
| Investments—other securities | $0 |
| Investments—program-related | $32,261,635 |
| Intangible assets | $17,556 |
| Other assets | $1,160,631 |
| Total assets | $65,402,465 |
| Accounts payable and accrued expenses | $1,463,948 |
| Grants payable | $0 |
| Deferred revenue | $11,345 |
| 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 | $27,042,064 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $763,468 |
| Total liabilities | $29,280,825 |
| Net assets without donor restrictions | $36,121,640 |
| 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 | $65,402,465 |
Grants Awarded
Over the last fiscal year, Yes Housing Inc has awarded $250,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
YES HOUSING OF ARIZONA INC PURPOSE: GENERAL OPERATIONS SUPPORT | $250,000 |
WEST CENTRAL COMMUNITY DEVELOPMENT GROUP PURPOSE: GENERAL OPERATIONS SUPPORT | $0 |