Civic Intelligence

Family Housing Development Corporation

EIN 85-0373880 • 501(c)3 • Albuquerque, NM

Profile

Development of affordable housing subdivisions and afforable housing.

PO Box 91525Albuquerque, NM 87199-1525
Siviq Scores

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

Liabilities / Assets

20th percentile

0.00x

Higher debt load relative to assets than 20% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2025

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2025

Top Officer Pay

42nd percentile

$12,000

Higher top officer pay than 42% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

32nd percentile

-2.2%

Faster asset growth than 32% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets20th percentile

Assets

Down

$1,297,371

Down $29,856 (-2.2%) from 2024

Liabilities

Flat

$469

Flat from 2024

Net Assets

Down

$1,296,902

Down $29,856 (-2.3%) from 2024

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $563,909 (-100%) from 2024

Expenses

Up

$29,856

Up $317 (+1.1%) from 2024

Net Income

Down

-$29,856

Down $564,226 (-106%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth32nd percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2012: $1,335,480Liabilities 2012: $270,227Net Assets 2012: $1,065,2532012Assets 2013: $1,178,929Liabilities 2013: $224,482Net Assets 2013: $954,4472013Assets 2014: $1,168,890Liabilities 2014: $225,128Net Assets 2014: $943,7622014Assets 2015: $1,007,241Liabilities 2015: $135,872Net Assets 2015: $871,3692015Assets 2016: $838,747Liabilities 2016: $46,917Net Assets 2016: $791,8302016Assets 2017: $1,796,465Liabilities 2017: $1,014,245Net Assets 2017: $782,2202017Assets 2018: $714,784Liabilities 2018: $62Net Assets 2018: $714,7222018Assets 2019: $682,504Liabilities 2019: $159Net Assets 2019: $682,3452019Assets 2020: $885,191Liabilities 2020: $471Net Assets 2020: $884,7202020Assets 2021: $853,552Liabilities 2021: $469Net Assets 2021: $853,0832021Assets 2022: $823,526Liabilities 2022: $938Net Assets 2022: $822,5882022Assets 2023: $792,858Liabilities 2023: $469Net Assets 2023: $792,3892023Assets 2024: $1,327,227Liabilities 2024: $469Net Assets 2024: $1,326,7582024Assets 2025: $1,297,371Liabilities 2025: $469Net Assets 2025: $1,296,9022025

Highlighted filing

2025

Assets$1,297,371
Liabilities$469
Net Assets$1,296,902
Open 2025 Filing

Operations Trend

Revenue Growth1st percentile

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

$1.0M$500K$0-$500KRevenue 2012: $447,501Expenses 2012: $638,629Net Income 2012: -$191,1282012Revenue 2013: $161,000Expenses 2013: $271,806Net Income 2013: -$110,8062013Revenue 2014: $0Expenses 2014: $40,685Net Income 2014: -$40,6852014Revenue 2015: $305,000Expenses 2015: $376,619Net Income 2015: -$71,6192015Revenue 2016: $344,000Expenses 2016: $423,539Net Income 2016: -$79,5392016Revenue 2017: $233,250Expenses 2017: $242,859Net Income 2017: -$9,6092017Revenue 2018: $18,956Expenses 2018: $86,454Net Income 2018: -$67,4982018Revenue 2019: $0Expenses 2019: $32,376Net Income 2019: -$32,3762019Revenue 2020: $0Expenses 2020: $34,010Net Income 2020: -$34,0102020Revenue 2021: $104Expenses 2021: $31,740Net Income 2021: -$31,6362021Revenue 2022: $0Expenses 2022: $30,495Net Income 2022: -$30,4952022Revenue 2023: $0Expenses 2023: $28,581Net Income 2023: -$28,5812023Revenue 2024: $563,909Expenses 2024: $29,539Net Income 2024: $534,3702024Revenue 2025: $0Expenses 2025: $29,856Net Income 2025: -$29,8562025

Highlighted filing

2025

Revenue$0
Expenses$29,856
Net Income-$29,856
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,297,371
Liabilities
$469
Net assets
$1,296,902
Revenue
$0
Expenses
$29,856
Net income
-$29,856
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.30$0.00$0.03$0.03
2024Detailed filing. Detailed filing data is available for this year.$1.33$0.00$1.33$0.56$0.03$0.53
2023Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$0.00$0.03$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.82$0.00$0.82$0.00$0.03$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$0.00$0.03$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.89$0.00$0.88$0.00$0.03$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.68$0.00$0.68$0.00$0.03$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$0.02$0.09$0.07
2017Detailed filing. Detailed filing data is available for this year.$1.80$1.01$0.78$0.23$0.24$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.84$0.05$0.79$0.34$0.42$0.08
2015Summary only. Only limited summary data is available for this year.$1.01$0.14$0.87$0.31$0.38$0.07
2014Summary only. Only limited summary data is available for this year.$1.17$0.23$0.94$0.00$0.04$0.04
2013Summary only. Only limited summary data is available for this year.$1.18$0.22$0.95$0.16$0.27$0.11
2012Summary only. Only limited summary data is available for this year.$1.34$0.27$1.07$0.45$0.64$0.19
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 30, 2025
Return Version
2024v5.2
Gross Receipts
$0
Mission and Program Overview

Mission

Development of affordable housing subdivisions and afforable housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$200,787$170,931▼ $29,856
Total Assets$1,327,227$1,297,371▼ $29,856
Other Assets Total$1,126,440$1,126,440→ $0
Liabilities
Accounts Payable and Accrued Expenses$469$469→ $0
Total Liabilities$469$469→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,326,758$1,296,902▼ $29,856
Total Net Assets Fund Balance$1,326,758$1,296,902▼ $29,856
Total Liabilities and Net Assets / Fund Balance$1,327,227$1,297,371▼ $29,856

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$14,262$14,262
Other Assets Org$500,000--
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Rick DavisPresidentPT$12,000$12,000

Board Members and Trustees

NameTitle
Robert R UnthankChairman
Anne YeggeDirector
Bill DolanDirector
Charles PriceDirector
Duncan MilloyDirector
Tim WithDirector
James FolkmanSecretary
Fred ArfmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-29,856
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$16,888
Salaries, Compensation, and Employee Benefits$12,968
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting$13,749--$13,749
Current Officers, Directors, Trustees, and Key Employees$12,000--$12,000
Insurance$2,515--$2,515
Payroll Taxes$968--$968
Other Expenses$185--$185
Total Functional Expenses$29,856$0$0$29,856

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$29,856
Total Expenses per Audited Statements$29,856
Total Expenses per Form 990$29,856
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

“Two directors are members of an LLC unrelated to Family Housing Development Corporation. Other directors are in the real estate industry which have worked on other projects together.”

Governing body meeting documentation Part VI line 8A

“Board of directors minutes are prepared for each meeting.”

Form 990 governing body review Part VI line 11

“The tax return is reviewed at the first board meeting in which the tax return is available.”

Conflict of interest policy compliance Part VI line 12C

“Board members must disclose any potenial conflicts of interest as provided in question 15. Also when the organization bids on projects and votes on matters, board members are expected to disclose any potenial conflict of interest and abstain from voting.”

CEO executive director top management comp Part VI line 15A

“When any officer or contractor come up for review, the board has formed a compensation committee consisting of independent directors. The committee will conduct a survey including comparability data. The board then determines the compensation of such persons consistent with committees findings.”

Governing documents etc available to public Part VI line 19

“Documents are provided upon request.”

Filing and Contact Details

Filer

Filer Name
Family Housing Development Corporation
EIN
85-0373880
In Care Of
% Ricky Davis
Phone
5058739638
Address
PO Box 91525, Albuquerque, NM 87199-1525

Signing Officer

Name
Ricky Davis
Title
President
Phone
5052682773
Signed
2025-11-30
Discuss with paid preparer
No

Organization Details

Principal Officer
Rick Davis
Formed
1993
Legal Domicile
Nm
Voting Board Members
9
Independent Board Members
9
Employees
1

Preparer

Firm
10000 Palms dba Rogers CPA
Address
PO Box 93787, Albuquerque, NM 87199
Preparer
Scott
Phone
5058780829
Supplemental Narrative

Additional Explanations

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

“Rounding”

Part X response or note to any line in Part X

“Net Assets adjusted to reflect a restatement for a developer fee earned in a prior period. The offsetting receivable is reflected in the balance sheet as a long-term receivable.”

Raw XML Appendix371 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt00
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IRS990ScheduleD/ExpensesSubtotalAmt029856
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0390056
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1236384
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2500000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Soft Seconds Bell
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Long Term Receivable - Dev Fees
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Note Rec Falcon Park
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt014262
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt014262
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01126440
IRS990ScheduleD/TotalExpensesPerForm990Amt029856
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Two directors are members of an LLC unrelated to Family Housing Development Corporation. Other directors are in the real estate industry which have worked on other projects together.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board of directors minutes are prepared for each meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The tax return is reviewed at the first board meeting in which the tax return is available.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board members must disclose any potenial conflicts of interest as provided in question 15. Also when the organization bids on projects and votes on matters, board members are expected to disclose any potenial conflict of interest and abstain from voting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4When any officer or contractor come up for review, the board has formed a compensation committee consisting of independent directors. The committee will conduct a survey including comparability data. The board then determines the compensation of such persons consistent with committees findings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Documents are provided upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Rounding
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Net Assets adjusted to reflect a restatement for a developer fee earned in a prior period. The offsetting receivable is reflected in the balance sheet as a long-term receivable.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing body meeting documentation Part VI line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Part X response or note to any line in Part X
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IRS990/USAddress/AddressLine1Txt0PO Box 91525
IRS990/USAddress/CityNm0Albuquerque
IRS990/USAddress/StateAbbreviationCd0NM
IRS990/USAddress/ZIPCd0871991525
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0RICKY DAVIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05052682773
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Family Housing Development Corporation
ReturnHeader/Filer/BusinessNameControlTxt0FAMI
ReturnHeader/Filer/EIN0850373880
ReturnHeader/Filer/InCareOfNm0% Ricky Davis
ReturnHeader/Filer/PhoneNum05058739638
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 91525
ReturnHeader/Filer/USAddress/CityNm0Albuquerque
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
ReturnHeader/Filer/USAddress/ZIPCd0871991525
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt010000 Palms dba Rogers CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 93787
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Albuquerque
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd087199
ReturnHeader/PreparerPersonGrp/PhoneNum05058780829
ReturnHeader/PreparerPersonGrp/PreparationDt02025-12-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT
ReturnHeader/ReturnTs02025-12-04T12:49:14-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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