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Nonprofiteer
← NEW MEXICO AFFORDABLE HOUSING CHARITABLE TR

Form 990 for tax year 2022

Filed by NEW MEXICO AFFORDABLE HOUSING CHARITABLE TR.

Totals

Total revenue
$519,333
Total expenses
$569,991
Contributions and grants received
$519,168
Grants paid
$536,283
Program service revenue
$0
Investment income
$165
Other revenue
$0
Total assets, end of year
$877,295
Total liabilities, end of year
$44,404
Net assets or fund balances, end of year
$832,891
Program services expenses (Part IX)
$536,283
Management and general expenses
$33,708
Fundraising expenses
$0
Program service expenses (Part III)
$536,283

Program services were 94.1% 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.

  • 1e · Government grants (contributions)

    $356,743

  • 1f · All other contributions, gifts and grants

    $162,425

  • 1g · Noncash contributions included above

    $92,785

  • 3 · Investment income

    total $165 · excluded $165

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $536,283 · program services $536,283

  • 7 · Other salaries and wages

    total $16,730 · management and general $16,730

  • 8 · Pension plan contributions

    total $2,385 · management and general $2,385

  • 9 · Other employee benefits

    total $3,250 · management and general $3,250

  • 10 · Payroll taxes

    total $1,204 · management and general $1,204

  • 11c · Fees: accounting

    total $5,388 · management and general $5,388

  • 12 · Advertising and promotion

    total $1,295 · management and general $1,295

  • 17 · Travel

    total $561 · management and general $561

  • 24a · Other expenses: INDIRECT COSTS

    total $2,895 · management and general $2,895

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $676,807 · end of year $608,141

  • 2 · Savings and temporary cash investments

    beginning of year $80,028 · end of year $242,616

  • 4 · Accounts receivable

    beginning of year $145,811 · end of year $26,538

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,097 · end of year $44,404

  • 28 · Net assets with donor restrictions

    beginning of year $883,549 · end of year $832,891

Mission and programs · 2022

Mission

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

  • PROVIDIND 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 $536,283 · Grants $536,283

As filed on the 2022 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

  • Dr Patricia Sullivan

    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

  • Tim Eichenberg Through 12023

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Attorney General Hector Balderas

    MEMBER (THROUGH 1/2023)

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Isidoro Hernandez

    EXECUTIVE DIRECTOR

    Total calculated
    $230,993
    From this org
    $191
    From related orgs
    $177,901
    Other
    $52,901
    Hours/week
    0.05 + 39.95 related

    Schedule J breakdown matched by us

    Base
    $191 + $158,631 related
    Bonus
    $0 + $19,270 related
    Other
    $0
    Deferred
    $0 + $30,911 related
    Nontaxable benefits
    $0 + $21,990 related
    Filer's total
    $191 + $230,802 related

  • Donna Maestas-Devries

    CHIEF HOUSING OFFICER

    Total calculated
    $172,121
    From this org
    $98
    From related orgs
    $130,452
    Other
    $41,571
    Hours/week
    0.03 + 39.97 related

    Schedule J breakdown matched by us

    Base
    $98 + $116,948 related
    Bonus
    $0 + $13,504 related
    Other
    $0
    Deferred
    $0 + $24,822 related
    Nontaxable benefits
    $0 + $16,749 related
    Filer's total
    $98 + $172,023 related

  • Lizzie Ratnaraj Through 7312023

    CHIEF FINANCIAL OFFICER

    Total calculated
    $131,989
    From this org
    $86
    From related orgs
    $97,175
    Other
    $34,728
    Hours/week
    0.04 + 39.96 related

  • Arundhati Bose

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    0.04 + 39.96 related

  • Yvonne Segovia

    CONTROLLER

    Total calculated
    $184,069
    From this org
    $534
    From related orgs
    $141,681
    Other
    $41,854
    Hours/week
    0.16 + 39.84 related

    Schedule J breakdown matched by us

    Base
    $534 + $130,070 related
    Bonus
    $0 + $11,611 related
    Other
    $0
    Deferred
    $0 + $24,416 related
    Nontaxable benefits
    $0 + $17,438 related
    Filer's total
    $534 + $183,535 related

  • Jeff Payne

    CHIEF LENDING OFFICER

    Total calculated
    $178,618
    From this org
    $29
    From related orgs
    $133,284
    Other
    $45,305
    Hours/week
    0.01 + 39.99 related

    Schedule J breakdown matched by us

    Base
    $29 + $120,672 related
    Bonus
    $0 + $12,612 related
    Other
    $0
    Deferred
    $0 + $24,344 related
    Nontaxable benefits
    $0 + $20,961 related
    Filer's total
    $29 + $178,589 related

  • Joseph Navarette

    SR. DIRECTOR OF INFORMATIO

    Total calculated
    $165,983
    From this org
    $0
    From related orgs
    $122,177
    Other
    $43,806
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $111,939 related
    Bonus
    $0 + $10,238 related
    Other
    $0
    Deferred
    $0 + $21,816 related
    Nontaxable benefits
    $0 + $21,990 related
    Filer's total
    $0 + $165,983 related

  • Dolores Wood

    HR DIRECTOR

    Total calculated
    $144,850
    From this org
    $0
    From related orgs
    $108,754
    Other
    $36,096
    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

  • SAN FELIPE PUEBLO HOUSING AUTHORITY

    $138,744

    VETERAN'S REHABILITATION & MODIFICATOIN PILOT PROGRAM

  • OKAY OWINGEH HOUSING AUTHORITY

    $127,026

    VETERAN'S REHABILITATION & MODIFICATOIN PILOT PROGRAM

  • SOUTHWESTERN REGIONAL HOUSING AND COMMUNITY DEVELOPMEN CORPORATION

    $69,330

    VETERAN'S REHABILITATION & MODIFICATOIN PILOT PROGRAM

  • EL CAMINO REAL HOUSING AUTHORITY

    $13,242

    VETERAN'S REHABILITATION & MODIFICATOIN PILOT PROGRAM

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 AUTHORRITY

    115 · AFFORDABLE HOUSING · NM

    Directly controlled by STATE OF NM

Provenance

Return type
form_990
Tax year
2022
Filed
6 June 2024
IRS schema version
2022v5.0
Source object
202421659349300127

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