2015-11-10T17:14:45-06:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP 500 MARQUETTE NW SUITE 800 ALBUQUERQUE NM 87102 990 2014-01-01 850388252 YES HOUSING INC YESH 5059239604 104 ROMA NW ALBUQUERQUE NM 87102 AUGUSTINE C BACA CEO 5059239604 2015-11-04 1 STEPHEN E LIVINGSTON CPA P00317845 5058428290 2014 2016-03-07 17:11:31Z AUGUSTINE C BACA 104 ROMA NW ALBUQUERQUE NM 87102 6700697 0 X WWW.YESHOUSING.ORG X 1990 NM TO BUILD AND REVITALIZE COMMUNITIES WITH QUALITY, AFFORDABLE HOUSING, ACCESSIBLE SOCIAL SERVICES, AND A DEDICATION TO BEING POSITIVE AGENTS FOR CHANGE WITHIN THE COMMUNITY. 7 7 23 6 0 0 390780 748521 911212 3386982 248546 960214 15022 0 1565560 5095717 8924 9576 0 0 843177 1839155 0 0 0 1043386 2641520 1895487 4490251 -329927 605466 28040840 27904948 12675211 12734646 15365629 15170302 TO BUILD AND REVITALIZE COMMUNITIES WITH QUALITY, AFFORDABLE HOUSING, ACCESSIBLE SOCIAL SERVICES, AND A DEDICATION TO BEING POSITIVE AGENTS FOR CHANGE WITHIN THE COMMUNITY. 0 0 3410149 9576 3280222 OWNERSHIP AND RENTAL OF AFFORDABLE HOUSING. PROVIDED SAFE, DECENT AND AFFORDABLE HOUSING TO APPROXIMATELY 1,874 FAMILIES AND INDIVIDUALS. 323768 106760 DEVELOPMENT OF AFFORDABLE HOUSING. DEVELOPED A 72 UNIT NEW CONSTRUCTION TAX CREDIT PROJECT IN HOBBS, NM AND A 74 UNIT NEW CONSTRUCTION TAX CREDIT PROJECT IN ALBUQUERQUE, NM. 3733917 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 1 27 0 1 23 1 0 0 0 0 0 0 0 0 0 0 X 7 7 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 1 1 NM X X X CLYDE SKINNER 5059239604 104 ROMA NW ALBUQUERQUE NM 87102 DR BEVERLEE MCCLURE DIRECTOR/CHAIRMAN 0.50 0.20 X X 0 0 0 ROBERT J AVILA DIRECTOR/VICE CHAIRMAN 0.50 X X 0 0 0 WILLIAM M KNAUF DIRECTOR/SECRETARY/TREASUR 0.50 X X 0 0 0 RAY BETZEN DIRECTOR 0.50 X 0 0 0 LAWRENCE CHAVEZ DIRECTOR 0.50 0.20 X 0 0 0 KEVIN CAUDILL DIRECTOR 0.50 X 0 0 0 GARRETT HENNESSY DIRECTOR 0.50 X 0 0 0 AUGUSTINE C BACA DIRECTOR/PRESIDENT/CEO 45.00 5.00 X 174174 0 52011 CLYDE S SKINNER SENIOR VICE PRESIDENT/CFO 45.00 5.00 X 113286 0 40577 JOSEPH R ORTEGA DIRECTOR/EXEC. VP/COO 45.00 5.00 X 152986 0 38968 440446 0 131556 3 0 1 0 PAVILION CONSTRUCTION LLC 6720 SW MACADAM AVE SUITE 310 PORTLAND OR 97219 RENOVATION OF SUNSET HILLS IN GALLUP, NM 5414106 QUALITY INN & SUITES 1500 W MALONEY AVE GALLUP NM 87301 PROVIDED SHELTER TO DISPLACED TENANTS WH 278742 JEEBS & ZUZU LLC 11030 MENAUL NE STE C ALBUQUERQUE NM 87112 RENOVATION OF SUNSET HILLS IN GALLUP, NM 156898 HAROLD P WOODRUF ARCHITECTPLANNER 223 EAST 800 SOUTH SALT LAKE CITY UT 84111 ARCHITECTURAL WORK IN UTAH 103268 4 748521 748521 DEVELOPMENT FEES 900099 1843486 1843486 RENT & RENTAL MANAGEMENT FEES 532000 711022 711022 CONSTRUCTION MANAGEMENT 900099 523495 523495 308979 308979 3386982 227936 227936 1832612 504646 1376835 228145 455777 276501 732278 732278 5095717 3386982 0 960214 9576 9576 572002 269942 302060 863882 854800 9082 83348 58021 25327 221494 127860 93634 98429 90410 8019 16979 13827 3152 16075 13091 2984 11206 9126 2080 15062 12266 2796 58394 47553 10841 2573 2573 58021 43617 14404 51924 42284 9640 173189 162461 10728 70098 69250 848 35356 31800 3556 163986 161659 2327 471113 463832 7281 17028 16472 556 PROPERTY EXPENSES 970367 970367 DONATION EXPENSE 245250 245250 PREDEVELOPMENT COSTS 207816 207816 SOCIAL SERVICE EXPENSE 22558 22558 34525 32756 1769 4490251 3733917 756334 0 38911 82963 1344483 2987980 6408 8887 216123 223927 10317648 10520255 17861 36624 12068841 3481707 9349811 8587134 2619661 1620582 3988333 3660390 2075 2075 139526 174131 28040840 27904948 557026 1104094 86513 0 11992197 11566993 39475 63559 12675211 12734646 X 15365629 15170302 15365629 15170302 28040840 27904948 X 605466 -640683 4944 -165054 X X 0 1 X 1 1 1 X 2203011 2268283 1654279 390780 748521 7264874 2203011 2268283 1654279 390780 748521 7264874 7264874 214057 145600 157255 179987 227936 924835 8189709 11204488 0.88710 0.88340 X SHORT TAX YEAR THE ORGANIZATION CHANGED TO A DECEMBER CALENDAR YEAR-END IN 2013. THE AMOUNTS IN THE 2013 COLUMN ARE FOR THE SHORT PERIOD 7/1/2013 THROUGH 12/31/2013. ALL PRIOR YEAR COLUMNS REPRESENT A FULL FISCAL YEAR BEGINNING 7/1 AND ENDING 6/30. ALL SUBSEQUENT YEAR COLUMNS REPRESENT A FULL CALENDAR YEAR BEGINNING 1/1 AND ENDING 12/31. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2390753 2390753 8855162 3098719 5756443 822926 382988 439938 8587134 LP INVESTMENTS 634608 C DEVELOPMENT FEES RECEIVABLE 3025726 C PREDEVELOPMENT CAPITALIZED COSTS 56 C 3660390 SECURITY DEPOSITS/PREPAID RENT 32159 INTERCOMPANY PAYABLES 31400 63559 1 SCHOLARSHIPS 6 9276 PART I, LINE 2: THE ORGANIZATION HAS TWO SCHOLARSHIP/EDUCATIONAL PROGRAMS. ONE PROGRAM IS AN EMPLOYEE EDUCATIONAL ASSISTANCE PLAN THAT IS INTENDED TO QUALIFY UNDER IRC SEC 127 THAT COVERS EMPLOYEES ONLY. THIS PLAN REQUIRES THAT THE EMPLOYEES REMAIN ACTIVELY EMPLOYED AND MUST HAVE SATISFACTORY JOB PERFORMANCE THROUGH COMPLETION OF EACH COURSE. IN ADDITION, THE EMPLOYEE MUST FURNISH YES WITH RECEIPTS FOR QUALIFYING EXPENDITURES, PROOF OF REGISTRATION AND, AT THE END OF THE COURSE, THE EMPLOYEE MUST PROVIDE PROOF OF A MINIMUM 2.0 OR PASSING GRADE BEFORE THEY CAN APPLY FOR ADDITIONAL ASSISTANCE. THE SECOND PROGRAM IS A SCHOLARSHIP FUND COVERING THE SPOUSES, CHILDREN, SON-IN-LAW OR DAUGHTER-IN-LAW OF THOSE ACTIVELY INVOLVED AS A MEMBER OF THE YES ORGANIZATION AND ITS MISSION. DOCUMENTATION REQUIRIED INCLUDES PROOF OF ENROLLMENT IN A POST SECONDARY SCHOOL OF HIGHER EDUCATION, COPIES OF RECEIPTS FOR QUALIFIED EXPENSES UNLESS THE QUALIFIED EXPENSES ARE PAID DIRECTLY TO THE EDUCATIONAL INSTITUTION AND, IN ORDER TO BE CONSIDERED ELIGIBLE FOR AN ADDITIONAL SCHOLARSHIP AWARD, THE RECIPIENT MUST SHOW PROOF OF SUCESSFULLY COMPLETING THE PREVIOUSLY FUNDED COURSE AND MAINTAINING A 2.0 GRADE POINT AVERAGE PER SEMESTER. X X X X 0 1 0 0 0 0 0 0 0 AUGUSTINE C BACA DIRECTOR/PRESIDENT/CEO 169562 0 0 0 4612 0 35015 0 16996 0 226185 0 0 0 CLYDE S SKINNER SENIOR VICE PRESIDENT/CFO 111332 0 0 0 1954 0 22266 0 18311 0 153863 0 0 0 JOSEPH R ORTEGA DIRECTOR/EXEC. VP/COO 150629 0 0 0 2357 0 16626 0 22342 0 191954 0 0 0 PART I, LINE 4B THE FOLLOWING EMPLOYEES PARTICIPATED IN A 457(B) PLAN: AUGUSTINE C. BACA - $18,059 JOSEPH R. ORTEGA - $15,063 CLYDE S. SKINNER - $11,133 STACEY ORTEGA DAUGHTER OF BOARD MEMBER 2000 SCHOLARSHIP EDUCATION AUGUSTINE BACA DIRECTOR/PRES/CEO OF YES HOUSING INC AND PRES/CEO OF YDI UNTIL 6/30/14 92922 DURING THE FIRST 6 MONTHS OF 2014 YES LEASED OFFICE AND PARKING SPACE FROM YDI FOR $36,286. DURING THIS SAME PERIOD, YDI LEASED COMMERCIAL OFFICE SPACE FROM YES FOR 56,636. 0 ROBERT AVILA DIRECTOR/VICE CHAIRMAN OF YES HOUSING INC AND CHAIRMAN OF YDI BOARD 92922 DURING THE FIRST 6 MONTHS OF 2014 YES LEASED OFFICE AND PARKING SPACE FROM YDI FOR $36,286. DURING THIS SAME PERIOD, YDI LEASED COMMERCIAL OFFICE SPACE FROM YES FOR 56,636. 0 FORM 990, PART VI, SECTION A, LINE 2 ROBERT AVILA IS A DIRECTOR FOR YDI. AUGUSTINE BACA IS THE CEO FOR YDI. FORM 990, PART VI, SECTION A, LINE 4 ON MARCH 24, 2014, YES HOUSING, INC. AMENDED AND RESTATED BOTH ITS ARTICLES OF INCORPORATION AND ITS BY-LAWS AT A BOARD OF DIRECTORS MEETING. THE SUMMARY OF THE CHANGES MADE TO EACH DOCUMENT IS PROVIDED BELOW: ARTICLES OF INCORPORATION THE ARTICLES WHERE RESTATED TO CONSOLIDATE THE VARIOUS AMENDMENTS MADE OVER THE PAST SEVERAL YEARS INTO ONE DOCUMENT. BY-LAWS THE BY-LAWS WERE AMENDED AND RESTATED TO REFLECT THAT BOTH THE PRESIDENT/CEO AND EXECUTIVE VICE PRESIDENT ARE NONVOTING MEMBER OF THE BOARD OF DIRECTORS. THEY ALSO WERE AMENDED TO STATE THAT THE EXECUTIVE VICE PRESIDENT WOULD HAVE THE SAME POWERS OF THE PRESIDENT/CEO DURING THE PRESIDENT/CEO'S ABSENCE AND THAT IT WILL TAKE A 2/3 MAJORITY VOTE TO REMOVE ITS CORPORATE OFFICERS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED IN DETAIL BY THE SENIOR VICE PRESIDENT/CFO. ONCE APPROVED BY HIM, A COMPLETE COPY OF THE FORM 990 IS SENT TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST STATEMENT IS SIGNED BY EACH MEMBER OF THE BOARD, OFFICERS, AND KEY EMPLOYEES EVERY YEAR. THE STATEMENT EXPLAINS THE TERMS AND ASKS FOR DETAILS REGARDING ANY CONFLICT. IF A CONFLICT ARISES WHICH RELATES TO AN EMPLOYEE, IT IS REVIEWED BY THE CEO AND THEN IS PRESENTED TO THE INDEPENDENT MEMBERS OF THE BOARD IF NECESSARY. IF A CONFLICT ARISES WHICH RELATES TO A BOARD MEMBER, IT IS REVIEWED BY THE CHAIRMAN OF THE BOARD AND THEN PRESENTED TO THE INDEPENDENT MEMBERS OF THE BOARD IF NECESSARY. A PERSON WITH A CONFLICT IS NOT ALLOWED TO VOTE ON SUCH TRANSACTIONS. BI-WEEKLY MANAGEMENT AND MONTHLY STAFF MEETINGS ARE USED TO DISCUSS ONGOING OR POTENTIAL DEVELOPMENTS WHERE ANY CONFLICT OF INTEREST HAS BEEN IDENTIFIED AND DISCLOSURE PROCEDURES ARE INITIATED. FORM 990, PART VI, SECTION B, LINE 15A AT THE APR 2013 BOARD MEETING, THE BOARD OF DIRECTORS ESTABLISHED A COMPENSATION COMMITTEE CONSISTING OF THREE BOARD MEMBERS TO REVIEW CEO COMPENSATION DATA PROVIDED BY SENIOR STAFF. THE BOARD ALSO AGREED THAT THE COMPENSATION COMMITTEE SHOULD MEET TO REVIEW THE CEO'S COMPENSATION EVERY TWO TO THREE YEARS. AT THE JUN 2013 BOARD MEETING THE BOARD ACCEPTED THE COMPENSATION COMMITTEE'S RECOMMENDATION THAT BOTH THE MONETARY AND TOTAL COMPENSATION OF YES' CEO IS IN LINE WITH OTHERS HOLDING SIMILAR POSITIONS. AT THIS MEETING THE BOARD ALSO APPROVED THE FY 2014 OPERATING BUDGET WHICH INCLUDED THE PERSONNEL COMPENSATION BUDGET FOR EACH STAFF MEMBER. OFFICERS AND KEY EMPLOYEES COMPENSATION ARE REVIEWED ON THEIR ANNUAL PERFORMANCE REVIEW/EVALUATION ANNIVERSARY. COMPENSATION AND PAY INCREASES ARE BASED UPON DOL WAGE INFORMATION , GUIDESTAR COMPENSATION REPORTS, BUSINESS PUBLICATIONS AND ROBERT HALF SALARY GUIDES. SENIOR MANAGEMENT REVIEW ALL COMPENSATION ANNUALLY AND THE CEO HAS THE ULTIMATE AUTHORITY TO APPROVE COMPENSATION FOR ALL EMPLOYEES EXCEPT HIS OWN. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND MOST RECENT AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE, WWW.YESHOUSING.ORG AND ARE ALSO MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CAPITAL CONTRIBUTION TO LIMITED PARTNERSHIPS -158,778. INTERCOMPANY TRANSFERS -6,276. FORM 990, PAGE 12 PART XII, QUESTIONS 2C: THERE HAS BEEN NO CHANGE IN THE AUDIT OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. YES BRENTWOOD GARDENS APTS LLC 104 ROMA NW ALBUQUERQUE NM 87102 850483745 AFFORDABLE HOUSING NM -8 865242 YES HOUSING INC YES MONTANA MEADOWS APTS LLC 104 ROMA NW ALBUQUERQUE NM 87102 850480048 AFFORDABLE HOUSING NM -1 503884 YES HOUSING INC YES WILDEWOOD APTS LLC 104 ROMA NW ALBUQUERQUE NM 87102 850475448 AFFORDABLE HOUSING NM -2 451332 YES HOUSING INC YES APPLE RIDGE APTS LLC 104 ROMA NW ALBUQUERQUE NM 87102 721526695 AFFORDABLE HOUSING NM -6 209936 YES HOUSING INC YES VISTA GRANDE APTS LLC 104 ROMA NW ALBUQUERQUE NM 87102 450514260 AFFORDABLE HOUSING NM -30 627364 YES HOUSING INC YES 1ST AND ROMA LLC 104 ROMA NW ALBUQUERQUE NM 87102 270981070 AFFORDABLE HOUSING NM 0 0 YES HOUSING INC YES NSP LLC 104 ROMA NW ALBUQUERQUE NM 87102 270843963 AFFORDABLE HOUSING NM 0 0 YES HOUSING INC YES LA HACIENDA LLC 104 ROMA NW ALBUQUERQUE NM 87102 272931718 AFFORDABLE HOUSING NM -99855 2012508 YES HOUSING INC YES HOUSING OF ARIZONA INC 104 ROMA NW ALBUQUERQUE NM 87102 721534324 AFFORDABLE HOUSING AZ 501(C)(3) PUBLIC CHARITY YES HOUSING INC 0 APPLE RIDGE APARTMENTS LP 104 ROMA NW ALBUQUERQUE NM 87102 721526697 AFFORDABLE HOUSING NM YES APPLE RIDGE LLC RELATED -6 209936 0 1 0.01000 BELLA VISTA TOWNHOMES LP 104 ROMA NW ALBUQUERQUE NM 87102 260727608 AFFORDABLE HOUSING NM YES BELLA VISTA LLC RELATED -33 -103851 0 1 0.00010 BRENTWOOD GARDENS APARTMENTS LP 104 ROMA NW ALBUQUERQUE NM 87102 850483988 AFFORDABLE HOUSING NM YES BRENTWOOD GARDENS LLC RELATED -8 865242 0 1 0.01000 LOS TRES APARTMENTS LP 104 ROMA NW ALBUQUERQUE NM 87102 870744393 AFFORDABLE HOUSING NM YES LOS TRES LLC RELATED -81 1846 0 1 0.00010 MONTANA MEADOWS APARTMENTS LP 104 ROMA NW ALBUQUERQUE NM 87102 850480049 AFFORDABLE HOUSING NM YES MONTANA MEADOWS LLC RELATED -1 503884 0 1 0.00010 OTERO VILLAGE LP 104 ROMA NW ALBUQUERQUE NM 87102 860963359 AFFORDABLE HOUSING NM YES HOUSING INC RELATED -39 207706 0 1 0.00010 ROSWELL SUMMIT APARTMENTS LP 104 ROMA NW ALBUQUERQUE NM 87102 260524103 AFFORDABLE HOUSING NM YES ROSWELL SUMMIT LLC RELATED -15 56998 0 1 0.00010 VISTA GRANDE APARTMENTS LP 104 ROMA NW ALBUQUERQUE NM 87102 412096157 AFFORDABLE HOUSING NM YES VISTA GRANDE LLC RELATED -30 627564 0 1 0.00010 WILDEWOOD APARTMENTS LP 104 ROMA NW ALBUQUERQUE NM 87102 850475523 AFFORDABLE HOUSING NM YES WILDEWOOD LLC RELATED -2 451332 0 1 0.00010 YES DEMING MOUNTAIN VIEW APARTMENTS LIMITED PARTNERSHIP LLLP 104 ROMA NW ALBUQUERQUE NM 87102 274067014 AFFORDABLE HOUSING NM YES MOUNTAIN VIEW APARTMENTS LLC RELATED -24 49107 0 1 0.00010 MESA DEL NORTE APARTMENTS LIMITED PARTNERSHIP LLLP 104 ROMA NW ALBUQUERQUE NM 87102 371692664 AFFORDABLE HOUSING NM YES MESA DEL NORTE APARTMENTS LLC RELATED -30 326957 0 1 0.00010 CASITAS DE COLORES LLC 104 ROMA NW ALBUQUERQUE NM 87102 273886246 AFFORDABLE HOUSING NM YES CASITAS APARTMENTS LLC RELATED -41 2491986 0 1 0.00510 GALLUP SUNSET HILLS APARTMENTS LIMITED PARTNERSHIP LLLP 104 ROMA NW ALBUQUERQUE NM 87102 371713332 AFFORDABLE HOUSING NM YES SUNSET HILLS APARTMENTS LLC RELATED -33 6693699 0 1 0.00010 YES LOS TRES LLC 104 ROMA NW ALBUQUERQUE NM 87102 202786022 AFFORDABLE HOUSING NM YES OF ARIZONA LLC RELATED -57 694 0 1 0.00700 NEW LEAF COMMUNITY LIMITED PARTNERSHIP LLLP 104 ROMA NW ALBUQUERQUE NM 87102 364785269 AFFORDABLE HOUSING NM YES NEW LEAF COMMUNITY LLC RELATED 171800 0 1 0.00010 UR 205 SILVER LLC 104 ROMA NW ALBUQUERQUE NM 87102 464520630 AFFORDABLE HOUSING NM YES IMPERIAL LLC RELATED 630100 0 1 0.00010 YES BELLA VISTA LLC 104 ROMA NW ALBUQUERQUE NM 87102 260727524 AFFORDABLE HOUSING NM YES HOUSING INC C -33 -103851 1.00000 0 YES ROSWELL SUMMIT LLC 104 ROMA NW ALBUQUERQUE NM 87102 260524004 AFFORDABLE HOUSING NM YES HOUSING INC C -15 56998 1.00000 0 YES OF ARIZONA LLC 104 ROMA NW ALBUQUERQUE NM 87102 204086794 AFFORDABLE HOUSING AZ YES HOUSING OF ARIZONA INC C -57 694 1.00000 0 YES MOUNTAIN VIEW APARTMENTS LLC 104 ROMA NW ALBUQUERQUE NM 87102 273982257 AFFORDABLE HOUSING NM YES HOUSING INC C -24 49107 1.00000 0 YES MESA DEL NORTE APARTMENTS LLC 104 ROMA NW ALBUQUERQUE NM 87102 455247868 AFFORDABLE HOUSING NM YES HOUSING INC C -30 326957 1.00000 0 YES SUNSET HILLS APARTMENTS LLC 104 ROMA NW ALBUQUERQUE NM 87102 461966525 AFFORDABLE HOUSING NM YES HOUSING INC C -33 6693679 1.00000 0 YES CASITAS APARTMENTS LLC 104 ROMA NW ALBUQUERQUE NM 87102 455548512 AFFORDABLE HOUSING NM YES HOUSING INC C -41 2491986 1.00000 0 YES NEW LEAF COMMUNITIES LLC 104 ROMA NW ALBUQUERQUE NM 87102 465607866 AFFORDABLE HOUSING NM YES HOUSING INC C 121800 1.00000 0 YES IMPERIAL LLC 104 ROMA NW ALBUQUERQUE NM 87102 471168335 AFFORDABLE HOUSING NM YES HOUSING INC C 575100 1.00000 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 YES HOUSING OF ARIZONA INC B 240500 CASH VISTA GRANDE APARTMENTS B 84982 FMV YES BELLA VISTA LLC C 153763 FMV