Santa Fe Community Housing Tr

Organization Overview

Santa Fe Community Housing Tr is located in Santa Fe, NM. The organization was established in 1992. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Santa Fe Community Housing Tr employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Fe Community Housing Tr 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, Santa Fe Community Housing Tr generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $6.1m during the year ending 12/2021. While expenses have increased by 17.5% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE STATED MISSION OF THE HOUSING TRUST IS TO HELP AFFORDABLE AND ECOLOGICALLY SOUND HOUSING FOR LOW AND MODERATE INCOME HOUSEHOLDS BECOME A REALITY IN THE CITY AND COUNTY OF SANTA FE ON A LONG TERM BASIS AND TO HELP BRING ABOUT IMPROVED ECONOMIC OPPORTUNITIES FOR THOSE RECEIVING SERVICES. THE HOUSING TRUST PROVIDES EDUCATION IN THE FORM OF ONE-ON-ONE COUNSELING AND GROIP CLASSES IN THE AREAS OF HOMEBUYER TRAINING, HOME MAINTENANCE, AND PERSONAL FINANCES, INCLUDING FORECLOSURE AVOIDANCE. THE HOUSING TRUST ALSO ASSIST HOMEBUYERS IN THE REVIEW OF THEIR CLOSING DOCUMENTS AND ATTENDS THE HOME CLOSING WITH THEIR CLIENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN 2021, THE HOUSING TRUST CONTINUED TO OPERATE A SUCCESSFUL HOMEBUYER TRAINING AND COUNSELING PROGRAM WITH THREE CONTRACTS FROM THE CITY OF SANTA FE TO MANAGE HOMEBUYER PROGRAMS, COMPLETE INCOME CERTIFICATIONS FOR CITY PROGRAMS, AND OPERATE TWO POOLS OF DOWNPAYMENT ASSISTANCE FUNDED BY THE CITY. TWELVE FAMILIES WERE ASSISTED IN FINANCING AND BUYING NEW HOMES FROM BUILDERS SOLD AT DEEP DISCOUNTS THROUGH "INCLUSIONARY HOUSING" PROGRAMS OF THE CITY OF SANTA FE AND SANTA FE COUNTY. THE ORGANIZATION CONTINUED TO PROVIDE HOUSING SERVICES FOR PEOPLE WITH HIV WITH DOWNPAYMENT ASSISTANCE THROUGH A MULTI-YEAR FEDERAL GRANT, AND WAS AWARDED A SPECIAL ROUND OF FEDERAL HOPWA-R RECOVERY ACT FUNDING FOR EMERGENCY RENT SUBSIDIES. A TOTAL OF 24 LOANS TOTALING 1,776,461 WERE MADE FROM THE FUNDING SOURCES JUST DESCRIBED, PLUS RECYCLED HOUSING TRUST FUNDS FROM LOAN REPAYMENTS AND A GRANT PROGRAM OF THE U.S. DEPT. OF TREASURY MAKING LOANS TO UNDERSERVED POPULATIONS. THE HOUSING TRUST COMPLETED THE RENT-UP OF THE 87 NEWLY CONSTRUCTED APARTMENTS IN ITS SOLARIS STATION AFFORDABLE RENTAL PROJECT, COMPLETED IN THE FALL OF 2019 AT A COST OF OVER 16 MILLION WITH FINANCING FROM PRIVATE INVESTORS, THE NM MORTGAGE FINANCE AUTHORITY, DONATIONS FROM PRIVATE DEVELOPERS, AND FEDERAL TAX CREDITS. THE HOUSING TRUST COMPLETED CONSTRUCTION OF THE ARROYO CENTRAL SUBDIVISION, IN WHICH 10 HOMES HAVE BEEN SOLD TO LOWER-INCOME FAMILIES. THEY ALSO BEGAN CONSTRUCTION ON SIX TOWN HOMES IN THE ALDEA SUBDIVISION AND COMPLETED ENTITLEMENT PROCESSES FOR A THIRD SUBDIVISION IN TIERRA CONTENTA CALLED ARROYO OESTE, WHERE 10 OUT OF 20 HOMES WILL BE AFFORDABLE FOR LOWER INCOME BUYERS. SINCE ITS FOUNDING IN 1992, THE HOUSING TRUST HAS BUILT OVER 200 RENTAL APARTMENTS AND OVER 720 HOMES IN 24 SANTA FE NEIGHBORHOODS. IT HAS PROVIDED HOMEBUYER COUNSELING TO OVER 5,500 PROSPECTIVE HOMEBUYERS, AND MADE OVER 2,500 AFFORDABLE HOME PURCHASE ASSISTANCE LOANS. IT OPERATES A COMMUNITY LAND TRUST WITH NEARLY 90 SCATTERED SITE UNITS AND HAS ALSO ASSISTED MORE THAN 500 RENTERS THROUGH SPECIAL PROGRAMS FOR UNHOUSED AND CHRONICALLY DISABLED CLIENTS.


WE COMPLETED OUR EIGHTH YEAR OF OPERATIONS WITH OUR FIRST MULTI-FAMILY DEVELOPMENT, THE VILLAGE SAGE, WHICH IS A 60 UNIT TAX CREDIT EXCHANGE FUNDED COMPLEX. THIS BALANCE REPRESENTS THE COSTS OF MANAGING AND OPERATING THE VILLAGE SAGE APARTMENTS.


THIS AMOUNT REPRESENTS THE COST OF CONSTRUCTION OF HOME DEVELOPMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Estevan Trujillo
Vice Preside
$0
Leroy Baca
Treasurer
$0
Rose Marie Gonzales
President
$0
Alba Blondis
Secretary
$0
Roman Abeyta
Executive Di
$0
John Paul Granillo
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,207,276
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,207,276
Total Program Service Revenue$5,013,696
Investment income $166,067
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,534,024

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Santa Fe Community Housing Tr has recieved totaling $27,570.

Awarding OrganizationAmount
Rural Community Assistance

West Sacramento, CA

PURPOSE: Housing Counseling

$27,570
View Grant Recipient Profile

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