Yes Housing Inc

Organization Overview

Yes Housing Inc is located in Albuquerque, NM. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2021, Yes Housing Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yes Housing Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Yes Housing Inc generated $5.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $3.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO BUILD AND REVITALIZE COMMUNITIES WITH QUALITY, AFFORDABLE HOUSING, ACCESSIBLE SOCIAL SERVICES, AND A DEDICATION TO BEING POSITIVE AGENTS FOR CHANGE WITHIN THE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED SAFE, DECENT, AND AFFORDABLE MULTIFAMILY HOUSING AND SOCIAL SERVICES TO FAMILIES AND INDIVIDUALS THROUGHOUT THE STATE.


DEVELOPMENT OF AFFORDABLE HOUSING: RECEIVED A TAX CREDIT ALLOCATION FOR A 72 UNIT AFFORDABLE HOUSING DEVELOPMENT IN HOBBS, NM, FOR FAMILIES AND INDIVIDUALS. CONSTRUCTION BEGAN IN 2019 AND WAS COMPLETED IN MAY 2021. RECEIVED A TAX CREDIT ALLOCATION FOR A 96-UNIT AFFORDABLE HOUSING DEVELOPMENT IN ALBUQUERQUE, NM, FOR FAMILIES AND INDIVIDUALS. CONSTRUCTION BEGAN IN 2020 AND IS EXPECTED TO BE COMPLETED IN 2022. RECEIVED AN AWARD FOR A 42-UNIT PERMANENT SUPPORTIVE HOUSING DEVELOPMENT IN ALBUQUERQUE, NM, INTENDED TO SERVE THE "HARDEST TO HOUSE" HOMELESS INDIVIDUALS. CONSTRUCTION BEGAN IN 2020 AND WAS COMPLETED IN 2021.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Pavilion Construction Llc
Construction Services
$1,360,950
Beck Total Office Interiors
Furnishings For Developments
$117,402
Jeebs & Zuzu Llc
Architect Services
$182,342
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $106,264
All other contributions, gifts, grants, and similar amounts not included above$17,338
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$123,602
Total Program Service Revenue$2,710,632
Investment income $685,882
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $578,590
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,858,347

Grants Awarded

Over the last fiscal year, Yes Housing Inc has awarded $250,000 in support to 2 organizations.

Grant RecipientAmount

YES HOUSING OF ARIZONA INC

Org PageRecipient Profile

Albuquerque, NM

PURPOSE: GENERAL OPERATIONS SUPPORT

$250,000

WEST CENTRAL COMMUNITY DEVELOPMENT GROUP

PURPOSE: GENERAL OPERATIONS SUPPORT

$0
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Yes Housing Inc has recieved totaling $10,149.

Awarding OrganizationAmount
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$10,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$149
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,979,967
Earnings$1,079,158
Ending Balance$5,059,125

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