Greater Albuquerque Housing Partnership
- Assets
- $25.5m
- Revenue
- $821.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Albuquerque, NM
- Founding
- 09/1993
- Data as of
- 12/2021
- EIN
- 85-0412352
Organization Overview
Greater Albuquerque Housing Partnership is located in Albuquerque, NM. The organization was established in 1993. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Greater Albuquerque Housing Partnership employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Albuquerque Housing Partnership 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, Greater Albuquerque Housing Partnership generated $821.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $862.1k during the year ending 12/2021. While expenses have increased by 10.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE EXCEPTIONAL HOUSING COMMUNITIES AND PROVIDE ENRICHMENT SERVICES TO SUPPORT HOUSEHOLD STABILITY, HEALTHY FAMILIES, AND SAFER NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING DEVELOPMENT: SINCE 1996, THE GAHP HAS PARTNERED ON THE DEVELOPMENT OF 591 RENTAL UNITS AND DEVELOPED 121 HOME OWNERSHIP UNITS IN 15 DIFFERENT DEVELOPMENTS IN FIVE DIFFERENT ALBUQUERQUE NEIGHBORHOODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Felipe Rael Executive Di | 50 | $104,146 | |
Tessa Latson Vice Preside | OfficerTrustee | 2 | $0 |
Juliea Benzaquen Secretary | OfficerTrustee | 1 | $0 |
Don Dudley President | OfficerTrustee | 2 | $0 |
Heidi Pitts Treasurer | OfficerTrustee | 2 | $0 |
Sarah Hurteau Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dekker Perich Sabatini Architect | 12/30/20 | $396,440 |
Freemans Finest Construction | 12/30/20 | $918,346 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,010 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,010 |
| Total Program Service Revenue | $621,226 |
| Investment income | $163,350 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $821,586 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $469,879 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $184,769 |
| Payroll taxes | $43,047 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,377 |
| Fees for services: Accounting | $18,622 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $21,638 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,644 |
| Travel | $2,110 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $890 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,765 |
| Insurance | $14,794 |
| All other expenses | $14,316 |
| Total functional expenses | $862,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,592 |
| Savings and temporary cash investments | $3,423,320 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,543,423 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $16,510,739 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,622 |
| Net Land, buildings, and equipment | $3,051,696 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | -$1,120 |
| Intangible assets | $0 |
| Other assets | $945,055 |
| Total assets | $25,523,327 |
| Accounts payable and accrued expenses | $33,312 |
| Grants payable | $0 |
| Deferred revenue | $117,600 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $18,470,805 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $75,902 |
| Total liabilities | $18,697,619 |
| Net assets without donor restrictions | $6,825,708 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $25,523,327 |
Endowment Analysis
| Beg. Balance | $44,727 |
| Earnings | $8,223 |
| Grants | $477 |
| Ending Balance | $52,473 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Commonwealth Multifamly Housing Corporation Temple, TX | $162,876,921 | $14,871,130 |
Neighbor To Neighbor Inc Fort Collins, CO | $13,618,294 | $17,160,662 |
Christian Community Action Lewisville, TX | $16,536,025 | $11,902,772 |
Central Oklahoma Habitat For Humanity Inc Oklahoma City, OK | $15,945,462 | $9,628,435 |
Tri-County Housing Inc Fowler, CO | $14,600,374 | $8,095,427 |
Rebuilding Together Houston Houston, TX | $2,380,403 | $3,485,226 |
First Place Az Phoenix, AZ | $15,321,199 | $7,150,509 |
Community Action Human Resources Agency Eloy, AZ | $1,769,359 | $4,269,606 |
Homeward Bound Phoenix, AZ | $5,543,799 | $2,679,356 |
Habitat For Humanity International Inc Longmont, CO | $9,039,469 | $8,643,955 |
Salt Lake Neighborhood Housing Services Inc Salt Lake City, UT | $42,272,475 | $3,016,531 |
San Antonio Housing Trust Foundation Inc San Antonio, TX | $7,282,965 | $2,625,653 |