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Nonprofiteer
← NEW MEXICO AFFORDABLE HOUSING CHARITABLE TR

Form 990 for tax year 2023

Filed by NEW MEXICO AFFORDABLE HOUSING CHARITABLE TR.

Totals

Total revenue
$275,453
Total expenses
$514,116
Contributions and grants received
$273,709
Grants paid
$468,027
Program service revenue
$0
Investment income
$1,744
Other revenue
$0
Total assets, end of year
$775,900
Total liabilities, end of year
$181,672
Net assets or fund balances, end of year
$594,228
Program services expenses (Part IX)
$468,027
Management and general expenses
$46,089
Fundraising expenses
$0
Program service expenses (Part III)
$468,027

Program services were 91.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $1,500

  • 1e · Government grants (contributions)

    $235,024

  • 1f · All other contributions, gifts and grants

    $37,185

  • 3 · Investment income

    total $1,744 · excluded $1,744

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $468,027 · program services $468,027

  • 7 · Other salaries and wages

    total $27,593 · management and general $27,593

  • 8 · Pension plan contributions

    total $4,574 · management and general $4,574

  • 9 · Other employee benefits

    total $6,100 · management and general $6,100

  • 10 · Payroll taxes

    total $2,312 · management and general $2,312

  • 12 · Advertising and promotion

    total $332 · management and general $332

  • 13 · Office expenses

    total $886 · management and general $886

  • 17 · Travel

    total $148 · management and general $148

  • 24a · Other expenses: INDIRECT COSTS

    total $4,144 · management and general $4,144

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $608,141 · end of year $491,928

  • 2 · Savings and temporary cash investments

    beginning of year $242,616 · end of year $222,774

  • 4 · Accounts receivable

    beginning of year $26,538 · end of year $61,198

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,404 · end of year $181,672

  • 28 · Net assets with donor restrictions

    beginning of year $832,891 · end of year $594,228

Mission and programs · 2023

Mission

RAISING FUNDS TO DISTRIBUTE TO INDIVIDUALS IN THE LOW AND MODERATE INCOME LEVELS TO ASSIST IN ACQUISITION, REHABILITATION AND REPAIR OF RESIDENTIAL HOMES.

  • PROVIDED FUNDS FOR LAND ACQUISITION, INFRASTRUCTURE CONSTRUCTION, BUILDING ACQUISITION, REMODELING, IMPROVEMENT, REHABILITATION, CONVERSION, WEATHERIZATION AND FINANCING RESIDENTIAL HOUSING FOR PERSONS OF LOW OR MODERATE INCOME LEVELS.

    Expenses $468,027 · Grants $468,027

As filed on the 2023 return.

Listed in Part VII

  • Angel Reyes

    CHAIR

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Lt Governor Howie Morales

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Rebecca Wurzburger

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Derek Valdo

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Randy L Traynor

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Laura Montoya

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Raul Torrez

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Isidoro Hernandez

    EXECUTIVE DIRECTOR

    Total calculated
    $246,858
    From this org
    $123
    From related orgs
    $190,781
    Other
    $55,954
    Hours/week
    0.03 + 39.97 related

    Schedule J breakdown matched by us

    Base
    $123 + $170,016 related
    Bonus
    $0 + $20,765 related
    Other
    $0
    Deferred
    $0 + $32,433 related
    Nontaxable benefits
    $0 + $23,521 related
    Filer's total
    $123 + $246,735 related

  • Donna Maestas-Devries

    CHIEF HOUSING OFFICER

    Total calculated
    $187,219
    From this org
    $298
    From related orgs
    $139,404
    Other
    $47,517
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $298 + $123,830 related
    Bonus
    $0 + $15,574 related
    Other
    $0
    Deferred
    $0 + $27,008 related
    Nontaxable benefits
    $0 + $20,509 related
    Filer's total
    $298 + $186,921 related

  • Lizzie Ratnaraj Thru 7312023

    CHIEF FINANCIAL OFFICER

    Total calculated
    $98,372
    From this org
    $0
    From related orgs
    $73,138
    Other
    $25,234
    Hours/week
    0 + 40 related

  • Arundhati Bose

    CHIEF FINANCIAL OFFICER

    Total calculated
    $36,831
    From this org
    $0
    From related orgs
    $32,542
    Other
    $4,289
    Hours/week
    0 + 40 related

  • Yvonne Segovia

    CONTROLLER (THRU 2/28/24)

    Total calculated
    $192,211
    From this org
    $0
    From related orgs
    $148,313
    Other
    $43,898
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,993 related
    Bonus
    $0 + $14,320 related
    Other
    $0
    Deferred
    $0 + $25,433 related
    Nontaxable benefits
    $0 + $18,465 related
    Filer's total
    $0 + $192,211 related

  • Jeff Payne

    CHIEF LENDING OFFICER

    Total calculated
    $199,291
    From this org
    $0
    From related orgs
    $146,464
    Other
    $52,827
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $132,125 related
    Bonus
    $0 + $14,339 related
    Other
    $0
    Deferred
    $0 + $26,700 related
    Nontaxable benefits
    $0 + $26,127 related
    Filer's total
    $0 + $199,291 related

  • Joseph Navarette

    SENIOR DIRECTOR OF IT

    Total calculated
    $160,502
    From this org
    $0
    From related orgs
    $114,250
    Other
    $46,252
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $103,637 related
    Bonus
    $0 + $10,613 related
    Other
    $0
    Deferred
    $0 + $22,731 related
    Nontaxable benefits
    $0 + $23,521 related
    Filer's total
    $0 + $160,502 related

  • Dolores Wood

    HR DIRECTOR

    Total calculated
    $146,593
    From this org
    $0
    From related orgs
    $108,754
    Other
    $37,839
    Hours/week
    0 + 40 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • NEW MEXICO MORTGAGE FINANCE AUTHORITY

    115 · AFFORDABLE HOUSING · NM

    Directly controlled by STATE OF NM

Provenance

Return type
form_990
Tax year
2023
Filed
6 August 2025
IRS schema version
2023v6.0
Source object
202522199349300117

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