Yes Housing INC: Nonprofit Profile, Financials & Form 990 (EIN 85-0388252)

Revenue by fiscal year
FY2020	$6.3M
FY2021	$5.9M
FY2022	$4.4M
FY2023	$5.7M
FY2024	$7.5M

Expenses by fiscal year
FY2020	$4.8M
FY2021	$3.7M
FY2022	$4.2M
FY2023	$4.8M
FY2024	$6.2M

Net assets by fiscal year
FY2020	$27.0M
FY2021	$30.7M
FY2022	$29.1M
FY2023	$36.1M
FY2024	$46.2M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1996.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

91%

Program services 91% · $5.6M Management & general 9% · $586K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation

Augustine C Baca

President/CEO

$265,814Pt VII · Sec A

Michelle Denbleyker

SVP of Development

$189,953Pt VII · Sec A

Holly M Barela

SVP/CFO/COO

$186,770Pt VII · Sec A

Rose Silva-Smith

SVP of Asset Management

$162,737Pt VII · Sec A

Lawrence Gradi

SVP of Planning & Economic Dev.

$133,207Pt VII · Sec A

Page Ollice

Director of Construction Management

$118,407Pt VII · Sec A

Theresa Mirabal

VP, Resident Services & Fundraising

$101,120Pt VII · Sec A

Jeff Apodaca

Director (through 06/1/2024)

$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2024	FY2023	FY2022	FY2021	FY2020
Augustine C Baca	$265,814	$263,959	$247,825	$236,216	$223,814
Michelle Denbleyker	$189,953	$181,843	$165,139	$156,268	$150,196
Holly M Barela	$186,770	$180,719	$168,173	—	—
Rose Silva-Smith	$162,737	$158,720	$144,301	—	—
Holly Barela	—	—	—	$159,357	$154,299
Thaddeus Lucero	—	—	$149,881	$139,221	$140,610
Lawrence Gradi	$133,207	—	—	—	—
Rose Silva Smith	—	—	—	$127,791	$121,231

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Builds and revitalizes communities by developing quality, affordable housing integrated with accessible social services and retail spaces for families and individuals.

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Provided by the organization

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2 programs · $5.6M · in their own filed words · FY2024

01

Development of Affordable Housing

Received a tax credit allocation for a 56-UNIT affordable housing development in hobbs, NM, for families and individuals. Construction began in 2022 and was completed completed in 2024. Received a tax credit allocation for a 61-UNIT affordable housing development in albuquerque, NM.

$4.0Mprogram expense

02

Activities Include

1. Asset management of the organization's property, buildings, and other assets to support its mission, ensure sustainability, and make the best use of resources. 2. Social service programs that provice support and resources to help individuals in our communities meet basic needs and improve well-being. 3.

$1.6Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

GreenlatinosFY2024$300K

Direct ReliefFY2024$150K

New Mexico Community TrustFY2024$24K

Total grants receivedfrom 3 funders$474K

See all 3 funders →

Grants paid · 1 grant · $25K · 2023–2023

Yes Housing of Arizona INCNM · FY2023$25,000

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$7.5M

Ln 12

Fees for servicesLn 2g$3.8M

Investment incomeLn 3$2.0M

Gifts and grantsLn 1h$1.2M

Money outPt IX

$6.2M

Ln 25

Programscol B$5.6M

Managementcol C$586K

Owns and owesPt X

$46.2M

net assets · Ln 32

Cash and savingsLn 1–2$2.3M

Total assetsLn 16$83.4M

LiabilitiesLn 26$37.2M

PeoplePt VI, VII

19

listed · VII A

PaidVII A7

Voting boardVI 1a8

IndependentVI 1b8

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.2M

Government grantsLn 1e$1.1M

Fundraising eventsLn 1c$20K

Fees for servicesLn 2g$3.8M

Investment incomeLn 3$2.0M

Other incomeLn 4–11$551K

Gains on assetsLn 7$933K

Total revenueLn 12$7.5M

Assets in detailPt X, end of year

CashLn 1$1.1M

SavingsLn 2$1.2M

Cash and savings togetherLn 1–2$2.3M

InvestmentsLn 11–13$53.3M

Land, buildings, equipmentLn 10c$16.3M

Other assetsLn 15$3.9M

Total assetsLn 16$83.4M

LiabilitiesLn 26$37.2M

Net assetsLn 32$46.2M

OperationsPt I, VI

EmployeesI 527

VolunteersI 650

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$2.9M	$2.3M
InvestmentsLn 11–13	$42.9M	$53.3M
Land, buildings, equipmentLn 10c	$10.5M	$16.3M
Total assetsLn 16	$65.4M	$83.4M
LiabilitiesLn 26	$29.3M	$37.2M
Net assetsLn 32	$36.1M	$46.2M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$3K	$3K
Pay of current officers, directors and key staffLn 5	$854K	$743K	$111K
Other salaries and wagesLn 7	$1.7M	$1.5M	$228K
Pension plan contributionsLn 8	$113K	$98K	$15K
Other employee benefitsLn 9	$287K	$249K	$38K
Payroll taxesLn 10	$185K	$163K	$21K
Legal feesLn 11b	$37K	$35K	$3K
Accounting feesLn 11c	$93K		$93K
Investment management feesLn 11f	$57K		$57K
Other fees for servicesLn 11g	$63K	$58K	$5K
Advertising and promotionLn 12	$2K	$2K	$17
Office expensesLn 13	$109K	$108K	$888
Information technologyLn 14	$68K	$67K	$553
OccupancyLn 16	$371K	$371K
TravelLn 17	$36K	$36K
Conferences, conventions and meetingsLn 19	$12K	$12K	$282
InterestLn 20	$168K	$168K
Depreciation, depletion and amortizationLn 22	$751K	$738K	$12K
InsuranceLn 23	$69K	$68K	$408
Other expenses (24a–d)Ln 24	$1.1M	$1.1M
All other expensesLn 24e	$59K	$59K	$480
Total functional expensesLn 25	$6.2M	$5.6M	$586K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$7.5M	$6.2M	$1.3M	$46.2M	990 PDF
FY2023	$5.7M	$4.8M	$907K	$36.1M	990 PDF
FY2022	$4.4M	$4.2M	$208K	$29.1M	990 PDF
FY2021	$5.9M	$3.7M	$2.2M	$30.7M	990 PDF
FY2020	$6.3M	$4.8M	$1.5M	$27.0M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2024 990 (6 parts)

Part I · Summary $7,515,738 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,888,727$1,211,326

I-9 Program service revenuePrior year $2,281,838$3,764,861

I-10 Investment incomePrior year $1,501,417$1,988,677

I-11 Other revenuePrior year $20,563$550,874

I-12 Total revenuePrior year $5,692,545$7,515,738

I-13 Grants and similar amounts paidPrior year $33,000$2,850

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $2,907,089$3,157,312

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $1,845,877$3,041,571

I-18 Total expensesPrior year $4,785,966$6,201,733

I-19 Revenue less expensesPrior year $906,579$1,314,005

Part VI · Governance 8 of 8 board members independent, no flags

VI-1a Voting members of the governing body8

VI-1b Independent voting members8

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $7,515,738 across 10 lines filed

VIII-1c Fundraising events$20,300

VIII-1e Government grants$1,135,723

VIII-1f All other contributions, gifts and grants$55,303

VIII-1h Total contributions, gifts and grants$1,211,326

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,764,861$3,764,861

VIII-3 Investment incomeExcluded from tax $1,055,560$1,055,560

VIII-7 Net gain or loss on sales of assetsExcluded from tax $933,117$933,117

VIII-8 Net income from fundraising eventsExcluded from tax $12,318$12,318

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $538,556$538,556

VIII-12 Total revenueRelated to mission $4,303,417 · Unrelated business $0 · Excluded from tax $2,000,995$7,515,738

Part IX · Statement of functional expenses $6,201,733 across 21 lines filed

IX-1 Grants to domestic organizationsPrograms $2,850$2,850

IX-5 Pay of current officers, directors and key staffPrograms $742,809 · Management $110,996$853,805

IX-7 Other salaries and wagesPrograms $1,491,030 · Management $227,876$1,718,906

IX-8 Pension plan contributionsPrograms $97,727 · Management $15,114$112,841

IX-9 Other employee benefitsPrograms $248,929 · Management $38,000$286,929

IX-10 Payroll taxesPrograms $163,432 · Management $21,399$184,831

IX-11b Legal feesPrograms $34,653 · Management $2,846$37,499

IX-11c Accounting feesManagement $92,610$92,610

IX-11f Investment management feesManagement $57,015$57,015

IX-11g Other fees for servicesPrograms $57,891 · Management $4,754$62,645

IX-12 Advertising and promotionPrograms $2,051 · Management $17$2,068

IX-13 Office expensesPrograms $108,290 · Management $888$109,178

IX-14 Information technologyPrograms $67,375 · Management $553$67,928

IX-16 OccupancyPrograms $370,736$370,736

IX-17 TravelPrograms $35,940$35,940

IX-19 Conferences, conventions and meetingsPrograms $11,610 · Management $282$11,892

IX-20 InterestPrograms $168,500$168,500

IX-22 Depreciation, depletion and amortizationPrograms $738,384 · Management $12,311$750,695

IX-23 InsurancePrograms $68,368 · Management $408$68,776

IX-24 Other expenses (24a–d)Programs $1,146,778$1,146,778

IX-24e All other expensesPrograms $58,831 · Management $480$59,311

IX-25 Total functional expensesPrograms $5,616,184 · Management $585,549 · Fundraising $0$6,201,733

Part X · Balance sheet $83,352,209 assets, 17 lines filed

Asset lines not itemized here account for $4,361,661; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $1,662,902$1,128,344

X-2 Savings and temporary cash investmentsStart of year $1,242,900$1,187,922

X-4 Accounts receivableStart of year $3,339,874$2,947,151

X-9 Prepaid expenses and deferred chargesStart of year $135,011$233,183

X-10c Land, buildings and equipment, netStart of year $10,532,669$16,295,840

X-11 Publicly traded securitiesStart of year $10,679,599$11,811,735

X-13 Program-related investmentsStart of year $32,261,635$41,519,346

X-14 Intangible assetsStart of year $17,556$8,733

X-15 Other assetsStart of year $1,160,631$3,858,294

X-16 Total assetsStart of year $65,402,465$83,352,209

X-17 Accounts payable and accrued expensesStart of year $1,463,948$2,891,393

X-19 Deferred revenueStart of year $11,345$440,576

X-25 Other liabilitiesStart of year $763,468$1,590,394

X-26 Total liabilitiesStart of year $29,280,825$37,170,916

X-27 Net assets without donor restrictionsStart of year $36,121,640$46,181,293

X-32 Total net assets or fund balancesStart of year $36,121,640$46,181,293

X-33 Total liabilities and net assetsStart of year $65,402,465$83,352,209

Part XI · Reconciliation of net assets $46,181,293 net assets at year end

XI-1 Total revenue$7,515,738

XI-2 Total expenses$6,201,733

XI-3 Revenue less expenses$1,314,005

XI-4 Net assets at start of year$36,121,640

XI-5 Net unrealized gains (losses) on investments$4,884,251

XI-9 Other changes in net assets$3,861,397

XI-10 Net assets at end of year$46,181,293

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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