2012-11-15T16:35:00-06:00 2012-06-30 410746749 CLIFTONLARSONALLEN LLP 500 MARQUETTE NW SUITE 800 ALBUQUERQUE NM 87102 990 2011-07-01 850388252 YES HOUSING INC YESH 5052541373 104 ROMA NW ALBUQUERQUE NM 87102 AUGUSTINE C BACA 5052541373 2012-11-14 1 STEPHEN E LIVINGSTON CPA P00317845 5058428290 2011 2016-02-24 21:20:13Z AUGUSTINE C BACA 104 ROMA NW ALBUQUERQUE NM 87102 5782280 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. CO-DEVELOPED THE NEW CONSTRUCTION OF A 36 UNIT APARTMENT COMPLEX IN SAN ELIZIRO, TX FOR HOUSING AND ECONOMIC RURAL OPPORTUNITY, INC., ANOTHER NM NONPROFIT. ACQUIRED, REHABBED, AND SOLD 8 SINGLE FAMILY HOUSES AND A 22 UNIT APARTMENT COMPLEX UNDER THE NEIGHBORHOOD STABILIZATION PROGRAM. ALSO AWARDED A $556,678 TAX CREDIT RESERVATION FROM THE STATE HOUSING AUTHORITY (MFA) TO ACQUIRE AND REHAB A 48 UNIT APARTMENT COMPLEX IN DEMING, NM, TO BE OWNED AND OPERATED UNDER A LIMITED PARTNERSHIP. ALSO AWARDED A $513,707 TAX CREDIT RESERVATION FROM THE NEW MEXICO MORTGAGE FINANCE AUTHORITY (MFA) TO ACQUIRE AND REHAB A 36 UNIT APARTMENT COMPLEX IN LOS ALAMOS, NM, TO BE OWNED AND OPERATED UNDER A LIMITED PARTNERSHIP. 6 4 15 6 0 0 2203011 2268283 1285057 2779383 268108 85761 0 0 3756176 5133427 8000 9534 0 0 1613806 1666855 0 0 0 1659297 3332165 3281103 5008554 475073 124873 26448644 26274180 9487872 9373051 16960772 16901129 X 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 1559668 1018514 OWNERSHIP AND RENTAL OF AFFORDABLE HOUSING. PROVIDED SAFE, DECENT AND AFFORDABLE HOUSING TO APPROXIMATELY 1,778 FAMILIES AND INDIVIDUALS. 686240 1458509 DEVELOPMENT OF AFFORDABLE HOUSING. DEVELOPED A 48 UNIT ACQN/REHAB TAX CREDIT RURAL DEVELOPMENT PROJECT IN DEMING, NEW MEXICO. 1646088 114978 NSP 1 & 2 PROGRAMS - SINGLE FAMILY HOUSING AQUISITION/REHAB/RESALE. ACQUIRED 11 ADDITIONAL HOUSES, REHABILITATED AND SOLD 13 HOUSES. 209006 187382 COMMERCIAL LEASE DEVELOPMENTS FOR OTHER NON PROFITS - OFFICE BUILDING & CHARTER SCHOOL 209006 187382 4101002 1 1 0 0 0 0 0 0 0 0 1 0 1 1 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 36 0 1 15 1 0 0 0 0 0 0 0 0 0 0 X 6 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 NM X X CLYDE SKINNER 5059239604 104 ROMA NW ALBUQUERQUE NM 87102 ORLANDO VIGIL 0.50 X 0 0 0 ROBERT J AVILA 0.50 X 0 0 0 WILLIAM M KNAUF 0.50 X 0 0 0 RENANAH TAYLOR 0.50 X 0 0 0 AUGUSTINE C BACA 33.00 X X 161430 0 49526 JOSEPH R ORTEGA 45.00 X X 143176 0 49147 CLYDE S SKINNER 45.00 X 106052 0 41983 410658 0 140656 3 0 1 0 CHRIS VIGIL CONSTRUCTION INC 4121 ELLISON NE ALBUQUERQUE NM 87109 SINGLE FAMILY CONSTRUCTION SERVICES 357602 BEFORE DAYLIGHT ELECTRIC & CONSTRUCTION PO BOX 12725 ALBUQUERQUE NM 87195 SINGLE FAMILY CONSTRUCTION SERVICES 209901 PAVILION CONSTRUCTION LLC 6720 SW MACADAM AVE 310 PORTLAND OR 97219 MULTI-FAMILY CONSTRUCTION SERVICES 205014 DEKKERPERICHSABATINI LTD 7601 JEFFERSON NE SUITE 100 ALBUQUERQUE NM 87109 ARCHITECTURAL SERVICES 103403 4 1445855 822428 2268283 DEVELOPMENT FEES 900099 1490954 1490954 RENT 532000 687900 687900 RENT RELATED INCOME 532000 517996 517996 CONSTRUCTION MANAGEMEN 900099 82533 82533 2779383 145600 145600 589014 648853 -59839 -59839 -59839 5133427 2779383 0 85761 9534 9534 551314 237492 313822 630685 515333 115352 138762 78309 60453 242490 136847 105643 103604 71362 32242 46913 46913 6952 1645 5307 1802 427 1375 12238 2897 9341 22727 5379 17348 33995 8046 25949 40177 9510 30667 270552 231590 38962 31275 30838 437 469591 461835 7756 415238 369867 45371 54692 35073 19619 PREDEVELOPMENT COSTS 1535215 1535215 OTHER EXPENSES 204792 158907 45885 REPAIRS & MAINTENANCE 94117 86406 7711 TRAINING 42329 38486 3843 49560 29091 20469 5008554 4101002 907552 0 75725 165871 1778074 1286439 63915 195602 3608111 3508906 19039 25344 12204284 2736297 9742204 9467987 3414915 3061647 4759694 5561768 53103 65752 2933864 2934864 26448644 26274180 710569 542017 5818969 5865072 2958334 2965962 9487872 9373051 X 16960772 16901129 16960772 16901129 26448644 26274180 X 124873 -184516 X X 0 1 1 X 1 1 X 635021 616442 614300 2203011 2268283 6337057 635021 616442 614300 2203011 2268283 6337057 6337057 668363 288608 244624 214057 145600 1561252 17382 5858 23240 7921549 8091568 0.80000 0.71420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2339298 2339298 5171442 2161675 3009767 3911951 273629 3638322 781593 300993 480600 9467987 INVESTMENT IN BRENTWOOD GARDENS APTS, LP 773589 C INVESTMENT IN MONTANA MEADOWS APTS, LP 436068 C INVESTMENT IN WILDEWOOD APTS, LP 251030 C INVESTMENT IN APPLE RIDGE APTS, LP 29528 C INVESTMENT IN ROSWELL SUMMIT APTS, LP 50 C DEVELOPMENT FEES RECEIVABLE 3202293 C PREDEVELOPMENT CAPITALIZED COSTS 183333 C WORK IN PROCESS 685777 C INVESTMENT IN YES DEMING MOUNTAIN VIEW APTS, LP 100 C 5561768 YES-AZ INTERCOMPANY 2934864 2934864 SECURITY DEPOSITS/PREPAID RENT 29918 INVESTMENT IN BELLA VISTA TOWNHOMES, LP 96 INVESTMENT IN OTERO VILLAGE, LP 1084 YES-AZ INTERCOMPANY 2934864 2965962 PAGE 3, PART X, LINE 2: THE INCOME TAX STATUS FOOTNOTE CONTAINS A STATEMENT THAT THE ORGANIZATION QUALIFIED AS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3). THERE WERE NO FIN 48 ACCRUALS REQUIRED FOR ANY UNCERTAIN TAX POSITIONS. 1 SCHOLARSHIPS 6 9534 CASH PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 157544 0 507 0 3379 0 31509 0 18017 0 210956 0 0 0 JOSEPH R ORTEGA 139706 0 507 0 2963 0 27941 0 21206 0 192323 0 0 0 PART I, LINE 4B AUGUSTINE C. BACA $15,754 JOSEPH R. ORTEGA $13,971 STACY ORTEGA DAUGHTER OF DIRECTOR AND EXECUTIVE VICE PRESIDENT 3000 SCHOLARSHIP AUGUSTINE BACA CEO OF YOUTH DEVELO CEO OF YDI IS ALSO THE CEO OF YES HOUSING, INC. 117382 YDI LEASES OFFICE SPACE FROM YES HOUSING AT FAIR MARKET VALUE. YES HOUSING ALSO LEASES OFFICE SPACE FROM YDI AT FAIR MARKET VALUE ($65,552). 0 ROBERT AVILA DIRECTOR OF YOUTH DEV DIRECTOR OF YDI IS ALSO THE VICE CHAIR OF YES HOUSING, INC. 117382 YDI LEASES OFFICE SPACE FROM YES HOUSING AT FAIR MARKET VALUE. YES HOUSING ALSO LEASES OFFICE SPACE FROM YDI AT FAIR MARKET VALUE ($65,552). 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS AT A REGULARILY SCHEDULED MEETING BY THE CPA AUDIT FIRM WHO PREPARED THE RETURN. THE BOARD WILL APPROVE BY RESOLUTION THE FORM 990 RETURN PRIOR TO THE SIGNING AND FILING OF THE RETURN. 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 15 AT THE MARCH 2009 BOARD MEETING, THE CEO PRESENTED THE BOARD WITH SEVERAL COMPENSATION REPORTS USED TO DETERMINE THE REASONABLENESS OF THE TOP MANAGEMENT POSITIONS IN THE ORGANIZATION. THE BOARD INDICATED THAT THE TOP MANAGEMENT COMPENSATION LEVELS WERE JUST AND CONFORMING TO CURRENT MARKETS BUT REFERRED THE CEO'S COMPENSATION TO THE INDEPENDENT WAGE AND COMPENSATION COMMITTEE. THE COMMITTEE MET AND REVIEWED SEVERAL COMPENSATION REPORTS AND STUDIES CONSISTING OF THE SEPTEMBER 2008 GUIDESTAR COMPENSATION REPORT; FORM 990'S FROM OTHER LIKE ENTITIES; THE NEW MEXICO BUSINESS WEEKLY DATED DECEMBER 2008; NON-PROFITS RANKED BY INCOME; AND THE NM DOL SALARY SURVEYS. THE COMMITTEE RECOMMENDED APPROVAL AND THE BOARD APPROVED THE CEO COMPENSATION AT THE APRIL 15, 2009 BOARD MEETING. THE BOARD DETERMINED THAT THE CEO'S COMPENSATION WILL BE REVIEWED EVERY THREE (3) YEARS. THE APPROVAL PROCESS WAS DOCUMENTED. THE COMPENSATION COMMITTEE (CEO, EVP, VP/CFO) REVIEWED SEVERAL COMPENSATION REPORTS AND STUDIES CONSISTING OF THE 2009 GUIDESTAR COMPENSATION REPORT; ROBERT HALF 2010 SALARY GUIDE; FORM 990'S FROM OTHER LIKE ENTITIES; NM DOL SURVEYS; AND ALSO COMMUNICATED WITH SENIOR MANAGEMENT OF SIMILAR ORGANIZATIONS TO DETERMINE THE REASONABLENESS OF KEY EMPLOYEES. IT WAS DETERMINED THAT BASED ON COMPARABLE DATA AND COMPENSATION REPORTS, KEY EMPLOYEE SALARIES WERE WITHIN REASON AND CONFORMING TO THE CURRENT MARKET. EACH KEY EMPLOYEE'S SALARY IS REVIEWED DURING EACH ANNUAL REVIEW. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -184,516. FORM 990, PAGE 12 PART XII, QUESTION 2C THERE HAS BEEN NO CHANGE IN THE AUDIT OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. YES BRENTWOOD GARDENS LLC 104 ROMA NW ALBUQUERQUE NM 87102 850483745 AFFORDABLE HOUSING NM -5 773589 YES HOUSING INC YES MONTANA MEADOWS LLC 104 ROMA NW ALBUQUERQUE NM 87102 850480048 AFFORDABLE HOUSING NM -5 436068 YES HOUSING INC YES WILDEWOOD LLC 104 ROMA NW ALBUQUERQUE NM 87102 850475448 AFFORDABLE HOUSING NM -2 251030 YES HOUSING INC YES APPLE RIDGE LLC 104 ROMA NW ALBUQUERQUE NM 87102 721526695 AFFORDABLE HOUSING NM 10 29528 YES HOUSING INC YES VISTA GRANDE LLC 104 ROMA NW ALBUQUERQUE NM 87102 450514260 AFFORDABLE HOUSING NM -101485 0 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 0 0 YES HOUSING INC YES LOBO CANYON APARTMENTS LLC 104 ROMA NW ALBUQUERQUE NM 87102 273982478 AFFORDABLE HOUSING NM 0 0 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 OTERO VILLAGE LP 104 ROMA NW ALBUQUERQUE NM 87102 860963359 AFFORDABLE HOUSING NM YES HOUSING INC RELATED -118 184730 0 1 0.00100 APPLE RIDGE APARTMENTS LP 104 ROMA NW ALBUQUERQUE NM 87102 721526697 AFFORDABLE HOUSING NM YES HOUSING INC RELATED 7 135061 0 1 0.00100 BRENTWOOD GARDENS APARTMENTS LP 104 ROMA NW ALBUQUERQUE NM 87102 850483988 AFFORDABLE HOUSING NM YES HOUSING INC RELATED 1 875361 0 1 0.00100 MONTANA MEADOWS APARTMENTS LP 104 ROMA NW ALBUQUERQUE NM 87102 850480049 AFFORDABLE HOUSING NM YES HOUSING INC RELATED -4 508873 0 1 0.00100 WILDEWOOD APARTMENTS LP 104 ROMA NW ALBUQUERQUE NM 87102 850475523 AFFORDABLE HOUSING NM YES HOUSING INC RELATED -3 537003 0 1 0.00010 VISTA GRANDE APARTMENTS LP 104 ROMA NW ALBUQUERQUE NM 87102 412096157 AFFORDABLE HOUSING NM YES HOUSING INC RELATED -197953 485 0 1 0.00010 BELLA VISTA TOWNHOMES LP 104 ROMA NW ALBUQUERQUE NM 87102 260727608 AFFORDABLE HOUSING NM YES HOUSING INC RELATED -38 51278 0 1 0.00010 ROSWELL SUMMIT APARTMENTS LP 104 ROMA NW ALBUQUERQUE NM 87102 260524103 AFFORDABLE HOUSING NM YES HOUSING INC RELATED -14 65509 0 1 0.00010 LOS TRES APARTMENTS LP 104 ROMA NW ALBUQUERQUE NM 87102 870744393 AFFORDABLE HOUSING AZ YES LOS TRES LLC RELATED -102 2006 0 1 0.00010 YES LOS TRES LLC 104 ROMA NW ALBUQUERQUE NM 87102 202786022 AFFORDABLE HOUSING AZ YES OF ARIZONA LLC RELATED -71 536 0 1 0.70000 YES DEMING MOUNTAIN VIEW APARTMENTS LLLP 104 ROMA NW ALBUQUERQUE NM 87102 274067014 AFFORDABLE HOUSING NM YES HOUSING INC RELATED 351561 0 1 0.10000 YES MESA DEL NORTE APARTMENTS 104 ROMA NW ALBUQUERQUE NM 87102 371692664 AFFORDABLE HOUSING NM YES HOUSING INC RELATED 0 1 YES BELLA VISTA LLC 104 ROMA NW ALBUQUERQUE NM 87102 260727524 AFFORDABLE HOUSING NM YES HOUSING INC C -25 34356 0.67000 YES ROSWELL SUMMIT LLC 104 ROMA NW ALBUQUERQUE NM 87102 200524004 AFFORDABLE HOUSING NM YES HOUSING INC C -14 65509 1.00000 YES OF ARIZONA LLC 104 ROMA NW ALBUQUERQUE NM 87102 204086794 AFFORDABLE HOUSING AZ YES HOUSING OF ARIZONA INC C -71 536 1.00000 YES MOUNTAIN VIEW APARTMENTS 104 ROMA NW ALBUQUERQUE NM 87102 273982257 AFFORDABLE HOUSING NM YES HOUSING INC C 351561 1.00000 YES MESA DEL NORTE APARTMENTS 104 ROMA NW ALBUQUERQUE NM 87102 455247868 AFFORDABLE HOUSING NM YES HOUSING INC C 1.00000 0 0 0 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 YES HOUSING OF ARIZONA INC(D) 500 NOTES OTERO VILLAGE LP (D) 6420 NOTES YES HOUSING OF ARIZONA INC(K & N) 0 NO CHARGE FOR THESE SERVICES