Civic Intelligence

Casa De Corazones Inc Co High Desert Housing

EIN 30-0156224 • 501(c)3 • Albuquerque, NM

Profile

Establish, maintain and operate a program to provide affordable housing for the disabled, indigent and underpriveleged under section 811 of the national affordable housing act.

PO Box 80009Albuquerque, NM 87198

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.68x

Higher debt load relative to assets than 97% of similar nonprofits.

NTEE F • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

12.31x

Higher debt load relative to revenue than 97% of similar nonprofits.

NTEE F • $500k-$1M nonprofits • Source year 2024

Net Margin

12th percentile

-26%

Higher net margin than 12% of similar nonprofits.

NTEE F • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE F • $500k-$1M nonprofits • Source year 2024

Asset Growth

39th percentile

-3.5%

Faster asset growth than 39% of similar nonprofits.

NTEE F • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

27th percentile

-11%

Faster revenue growth than 27% of similar nonprofits.

NTEE F • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$955,605

Down $35,043 (-3.5%) from 2023

Liabilities

Down

$1,604,936

Down $877 (-0.1%) from 2023

Net Assets

Down

-$649,331

Down $34,166 (-5.6%) from 2023

Revenue

Down

$130,374

Down $15,613 (-11%) from 2023

Expenses

Down

$164,540

Down $18,299 (-10%) from 2023

Net Income

Up

-$34,166

Up $2,686 (+7.3%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.0M$0-$1.0MAssets 2012: $1,328,336Liabilities 2012: $1,618,237Net Assets 2012: -$289,9012012Assets 2013: $1,277,467Liabilities 2013: $1,617,196Net Assets 2013: -$339,7292013Assets 2014: $1,242,793Liabilities 2014: $1,584,153Net Assets 2014: -$341,3602014Assets 2015: $1,215,535Liabilities 2015: $1,588,307Net Assets 2015: -$372,7722015Assets 2016: $1,183,716Liabilities 2016: $1,589,448Net Assets 2016: -$405,7322016Assets 2017: $1,149,551Liabilities 2017: $1,582,512Net Assets 2017: -$432,9612017Assets 2018: $1,119,578Liabilities 2018: $1,586,520Net Assets 2018: -$466,9422018Assets 2019: $1,087,902Liabilities 2019: $1,577,877Net Assets 2019: -$489,9752019Assets 2020: $1,078,453Liabilities 2020: $1,584,883Net Assets 2020: -$506,4302020Assets 2021: $1,070,995Liabilities 2021: $1,612,388Net Assets 2021: -$541,3932021Assets 2022: $1,022,061Liabilities 2022: $1,600,374Net Assets 2022: -$578,3132022Assets 2023: $990,648Liabilities 2023: $1,605,813Net Assets 2023: -$615,1652023Assets 2024: $955,605Liabilities 2024: $1,604,936Net Assets 2024: -$649,3312024

Highlighted filing

2024

Assets$955,605
Liabilities$1,604,936
Net Assets-$649,331

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KExpenses 2012: $137,4892012Revenue 2013: $105,825Expenses 2013: $155,652Net Income 2013: -$49,8272013Revenue 2014: $155,983Expenses 2014: $157,614Net Income 2014: -$1,6312014Revenue 2015: $116,888Expenses 2015: $148,300Net Income 2015: -$31,4122015Revenue 2016: $125,509Expenses 2016: $158,469Net Income 2016: -$32,9602016Revenue 2017: $137,046Expenses 2017: $164,275Net Income 2017: -$27,2292017Revenue 2018: $136,071Expenses 2018: $170,052Net Income 2018: -$33,9812018Revenue 2019: $140,412Expenses 2019: $163,445Net Income 2019: -$23,0332019Revenue 2020: $140,075Expenses 2020: $156,530Net Income 2020: -$16,4552020Revenue 2021: $138,803Expenses 2021: $173,766Net Income 2021: -$34,9632021Revenue 2022: $141,304Expenses 2022: $178,224Net Income 2022: -$36,9202022Revenue 2023: $145,987Expenses 2023: $182,839Net Income 2023: -$36,8522023Revenue 2024: $130,374Expenses 2024: $164,540Net Income 2024: -$34,1662024

Highlighted filing

2024

Revenue$130,374
Expenses$164,540
Net Income-$34,166

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.2
Gross Receipts
$130,374
Mission and Program Overview

Mission

Establish, maintain and operate a program to provide affordable housing for the disabled, indigent and underpriveleged under section 811 of the national affordable housing act.

Establish, maintain and operate a program to provide affordable housing for the disabled, indigent and underpriveleged under section 811 of the national affordable housing act

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$949,540$910,786▼ $38,754
Accounts Receivable$3,565$13,485▲ $9,920
Cash and Non-Interest-Bearing Accounts$3,224$903▼ $2,321
Total Assets$990,648$955,605▼ $35,043
Other Assets Total$34,319$30,431▼ $3,888
Liabilities
Other Liabilities$1,570,084$1,570,475▲ $391
Accounts Payable and Accrued Expenses$35,107$33,567▼ $1,540
Deferred Revenue$622$894▲ $272
Total Liabilities$1,605,813$1,604,936▼ $877
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-615,165$-649,331▼ $34,166
Total Net Assets Fund Balance$-615,165$-649,331▼ $34,166
Total Liabilities and Net Assets / Fund Balance$990,648$955,605▼ $35,043

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$746,786$679,340$1,426,126
Land$164,000-$164,000
Other Land Buildings-$6,788$6,788
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kara SummersPresident
Michelle DrumDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$130,232
Investment Income
$132
Other Revenue
$10
Change in Net Assets
$-34,166
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$126,728
Salaries, Compensation, and Employee Benefits$37,812
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$38,754--$38,754
Other Salaries and Wages$30,069--$30,069
Fees for Services Accounting$17,210--$17,210
Fees for Services Management$11,227--$11,227
Insurance$10,714--$10,714
Office Expenses$9,873--$9,873
All Other Expenses$7,394--$7,394
Other Employee Benefits$4,551--$4,551
Payroll Taxes$3,192--$3,192
Conferences and Meetings$404--$404
Other Expenses$258--$258
Advertising$100--$100
Total Functional Expenses$164,540$0$0$164,540
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
High Desert HousingMgt CompanyManagement FeeNo-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Section 811 Mortg$1,102,700
Home Program Loan$258,933
Subsidy Loan$121,779
Federal Home Loan$84,000
Securtiy Deposits$3,063
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Officer directors etc family relationship Part VI line 2

Allen drum kara summers director president father and daughter allen drum michelle drum director director father and daughter

Management duties delegation Part VI line 3

The board of directors have delegated management duties to high desert housing which has an extensive history in supervising hud properties

Form 990 governing body review Part VI line 11

Form 990 is prepared by the accountant who prepares the annual year-end hud audit. After preparation, form 990 is reviewed by the management companys controller. Following the controllers review and approval, tax return copies are distributed to the board of directors and subsequently the tax return is filed with the irs.

Conflict of interest policy compliance Part VI line 12C

Conflict of interest are discussed at board meetings

Governing documents etc available to public Part VI line 19

Governing documents and financial statements are available to the public upon request made to the managing company, high desert housing, po box 80009, alb, nm 87198

Filing and Contact Details

Filer

Filer Name
Casa De Corazones Inc Co High Desert Housing
EIN
30-0156224
In Care Of
% KARA SUMMERS
Phone
5054521553
Address
PO BOX 80009, Albuquerque, NM 87198

Signing Officer

Name
Kara Summers
Title
President
Phone
5054521553
Signed
2025-05-12
Discuss with paid preparer
No

Organization Details

Principal Officer
Kara Summers
Formed
2003
Legal Domicile
Nm
Voting Board Members
2
Independent Board Members
1
Employees
0

Preparer

Firm
Bloom & Bloom Llp
Address
356 MILLBURN AVE, Millburn, NJ 07041
Preparer
Richard Bloom
Phone
9739120300
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

ROUNDING ADJ

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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0140075
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0696544
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0679340
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01426126
IRS990ScheduleD/LandGrp/BookValueAmt0164000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0164000
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06788
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06788
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13063
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt384000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4121779
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0HOME PROGRAM LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURTIY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECTION 811 MORTG
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3FEDERAL HOME LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4SUBSIDY LOAN
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0910786
IRS990ScheduleD/TotalLiabilityAmt01570475
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0HIGH DESERT HOUSING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0MGT COMPANY
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGEMENT FEE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALLEN DRUM KARA SUMMERS DIRECTOR PRESIDENT FATHER AND DAUGHTER ALLEN DRUM MICHELLE DRUM DIRECTOR DIRECTOR FATHER AND DAUGHTER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS HAVE DELEGATED MANAGEMENT DUTIES TO HIGH DESERT HOUSING WHICH HAS AN EXTENSIVE HISTORY IN SUPERVISING HUD PROPERTIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PREPARED BY THE ACCOUNTANT WHO PREPARES THE ANNUAL YEAR-END HUD AUDIT. AFTER PREPARATION, FORM 990 IS REVIEWED BY THE MANAGEMENT COMPANYS CONTROLLER. FOLLOWING THE CONTROLLERS REVIEW AND APPROVAL, TAX RETURN COPIES ARE DISTRIBUTED TO THE BOARD OF DIRECTORS AND SUBSEQUENTLY THE TAX RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICT OF INTEREST ARE DISCUSSED AT BOARD MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST MADE TO THE MANAGING COMPANY, HIGH DESERT HOUSING, PO BOX 80009, ALB, NM 87198
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ROUNDING ADJ
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Management duties delegation Part VI line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0AGUA AZUL HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1RS & VP PROPERTY ONE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2WILLOW TERRACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0850481429
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1850465107
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501C3
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2NM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LOW INC HS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1LOW INC HS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2LOW INC HS
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt110
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt210
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 80009
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt11001 VALENCIA SE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2PO BOX 80009
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Albuquerque
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Albuquerque
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2Albuquerque
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0990648
IRS990/TotalAssetsEOYAmt0955605
IRS990/TotalAssetsGrp/BOYAmt0990648
IRS990/TotalAssetsGrp/EOYAmt0955605
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0164540
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01605813
IRS990/TotalLiabilitiesEOYAmt01604936
IRS990/TotalLiabilitiesGrp/BOYAmt01605813
IRS990/TotalLiabilitiesGrp/EOYAmt01604936
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-649331
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0164540
IRS990/TotalProgramServiceRevenueAmt0130232
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0130374
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0130374
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0990648
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0955605
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 80009
IRS990/USAddress/CityNm0Albuquerque
IRS990/USAddress/StateAbbreviationCd0NM
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IRS990/VotingMembersGoverningBodyCnt02
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0KARA SUMMERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05054521553
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CASA DE CORAZONES INC CO HIGH DESERT HOUSING
ReturnHeader/Filer/BusinessNameControlTxt0CASA
ReturnHeader/Filer/EIN0300156224
ReturnHeader/Filer/InCareOfNm0% KARA SUMMERS
ReturnHeader/Filer/PhoneNum05054521553

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