Civic Intelligence

R S & V P Property One Inc.

990 • Fiscal year 2021 • EIN 85-0465107

Oct 01, 2020 to Sep 30, 2021 • Filed on Dec 17, 2021

Organization Profile
1001 Valencia Dr SEAlbuquerque, NM 87108

(505) 452-1553

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

85th percentile

1.70x

Higher debt load relative to assets than 85% of similar nonprofits.

2021 filings • NTEE L • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

81st percentile

9.60x

Higher debt load relative to revenue than 81% of similar nonprofits.

2021 filings • NTEE L • $500k-$1M nonprofits • Source year 2021

Net Margin

24th percentile

-26%

Higher net margin than 24% of similar nonprofits.

2021 filings • NTEE L • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • NTEE L • $500k-$1M nonprofits • Source year 2021

Asset Growth

22nd percentile

-4.3%

Faster asset growth than 22% of similar nonprofits.

2021 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

34th percentile

-0.8%

Faster revenue growth than 34% of similar nonprofits.

2021 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$880,022

Down $40,003 (-4.3%) from 2020

Net Assets

Down

-$618,913

Down $40,419 (-7.0%) from 2020

Liabilities

Up

$1,498,935

Up $416 (+0.0%) from 2020

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin24th percentile

Revenue

Down

$156,105

Down $1,249 (-0.8%) from 2020

Expenses

Up

$196,524

Up $17,617 (+9.8%) from 2020

Net Income

Down

-$40,419

Down $18,866 (-88%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.0M$0-$1.0MAssets 2016: $1,053,570Liabilities 2016: $1,495,730Net Assets 2016: -$442,1602016Assets 2017: $1,020,489Liabilities 2017: $1,496,422Net Assets 2017: -$475,9332017Assets 2018: $987,305Liabilities 2018: $1,507,893Net Assets 2018: -$520,5882018Assets 2019: $949,889Liabilities 2019: $1,506,830Net Assets 2019: -$556,9412019Assets 2020: $920,025Liabilities 2020: $1,498,519Net Assets 2020: -$578,4942020Assets 2021: $880,022Liabilities 2021: $1,498,935Net Assets 2021: -$618,9132021Assets 2022: $841,141Liabilities 2022: $1,503,032Net Assets 2022: -$661,8912022Assets 2023: $800,014Liabilities 2023: $1,508,052Net Assets 2023: -$708,0382023Assets 2024: $750,349Liabilities 2024: $1,541,412Net Assets 2024: -$791,0632024

Highlighted filing

2021

Assets$880,022
Liabilities$1,498,935
Net Assets-$618,913
Open 2021 Filing

Operations Trend

Revenue Growth34th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2016: $130,547Expenses 2016: $171,821Net Income 2016: -$41,2742016Revenue 2017: $141,467Expenses 2017: $175,240Net Income 2017: -$33,7732017Revenue 2018: $138,679Expenses 2018: $183,334Net Income 2018: -$44,6552018Revenue 2019: $144,569Expenses 2019: $180,922Net Income 2019: -$36,3532019Revenue 2020: $157,354Expenses 2020: $178,907Net Income 2020: -$21,5532020Revenue 2021: $156,105Expenses 2021: $196,524Net Income 2021: -$40,4192021Revenue 2022: $180,003Expenses 2022: $222,981Net Income 2022: -$42,9782022Revenue 2023: $181,270Expenses 2023: $227,416Net Income 2023: -$46,1462023Revenue 2024: $181,341Expenses 2024: $264,366Net Income 2024: -$83,0252024

Highlighted filing

2021

Revenue$156,105
Expenses$196,524
Net Income-$40,419
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Dec 17, 2021
Return Version
2020v4.1
Gross Receipts
$156,105
Mission and Program Overview

Mission

To provide affordable housing for low income disabled persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$866,805$845,222▼ $21,583
Intangible Assets$15,351--
Cash and Non-Interest-Bearing Accounts$1,061$636▼ $425
Accounts Receivable$36$243▲ $207
Total Assets$920,025$880,022▼ $40,003
Other Assets Total$36,772$33,921▼ $2,851
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,484,427$1,484,427→ $0
Accounts Payable and Accrued Expenses$8,243$10,123▲ $1,880
Other Liabilities$3,987$3,809▼ $178
Deferred Revenue$1,862$576▼ $1,286
Total Liabilities$1,498,519$1,498,935▲ $416
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-578,494$-618,913▼ $40,419
Total Net Assets Fund Balance$-578,494$-618,913▼ $40,419
Total Liabilities and Net Assets / Fund Balance$920,025$880,022▼ $40,003

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$788,472$666,619$1,455,091
Land$56,750-$56,750
Equipment-$7,745$7,745
Other Assets Org$4,503--
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
Kara SummersPresident
Allen DrumDirector
Michelle DrumDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$25
Program Service Revenue
$156,060
Investment Income
$20
Other Revenue
$0
Change in Net Assets
$-40,419

Audited Revenue Reconciliation

Revenue per Audited Statements
$156,105
Total Revenue per Audited Statements
$156,105
Total Revenue per Form 990
$156,105
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$160,885
Salaries, Compensation, and Employee Benefits$35,639
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$36,934--$36,934
Other Salaries and Wages$28,755--$28,755
All Other Expenses$22,549--$22,549
Fees for Services Management$12,028--$12,028
Insurance$12,010--$12,010
Office Expenses$11,762--$11,762
Fees for Services Accounting$7,846--$7,846
Other Expenses$5,099--$5,099
Other Employee Benefits$4,239--$4,239
Payroll Taxes$2,645--$2,645
Conferences and Meetings$950--$950
Advertising$220--$220
Total Functional Expenses$196,524$0$0$196,524

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$196,524
Total Expenses per Audited Statements$196,524
Total Expenses per Form 990$196,524
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 HousingOwnerManagement FeeNo$12,028
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposit$3,809
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
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
Yes
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 treasurer president father and daughter allen drum michelle drum treasurer secretary father and daughter”

Management duties delegation Part VI line 3

“Management is provided by managing agent under a contract approved by us department of hud”

Form 990 governing body review Part VI line 11

“No review was or will be conducted”

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

“A copy of the tax return is provided free of charge upon request”

Filing and Contact Details

Filer

Filer Name
Rs & Vp Property One
EIN
85-0465107
Address
1001 VALENCIA DR SE, Albuquerque, NM 87108
Doing Business As
Gene Gilbert Manor

Signing Officer

Name
Kara Summers
Title
President
Phone
5054521553
Signed
2021-12-17
Discuss with paid preparer
No

Organization Details

Principal Officer
Kara Summers
Formed
1998
Legal Domicile
Nm
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
3

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”

List of other expenses Part IX line 24E

“Contracts, super rent free , security payroll and misc operating expenses”

Raw XML AppendixShowing 400 of 425 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt08243
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt010123
IRS990/AccountsReceivableGrp/BOYAmt036
IRS990/AccountsReceivableGrp/EOYAmt0243
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME DISABLED PERSONS.
IRS990/AdvertisingGrp/ProgramServicesAmt0220
IRS990/AdvertisingGrp/TotalAmt0220
IRS990/AllOtherExpensesGrp/ProgramServicesAmt022549
IRS990/AllOtherExpensesGrp/TotalAmt022549
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0KARA SUMMERS
IRS990/BooksInCareOfDetail/PhoneNum05054521553
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 80009
IRS990/BooksInCareOfDetail/USAddress/CityNm0Albuquerque
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NM
IRS990/BooksInCareOfDetail/USAddress/ZIPCd087198
IRS990/BusinessRlnWith35CtrlEntInd0true
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01061
IRS990/CashNonInterestBearingGrp/EOYAmt0636
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0950
IRS990/ConferencesMeetingsGrp/TotalAmt0950
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt025
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt020
IRS990/CYOtherExpensesAmt0160885
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0156060
IRS990/CYRevenuesLessExpensesAmt0-40419
IRS990/CYSalariesCompEmpBnftPaidAmt035639
IRS990/CYTotalExpensesAmt0196524
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0156105
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt01862
IRS990/DeferredRevenueGrp/EOYAmt0576
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt036934
IRS990/DepreciationDepletionGrp/TotalAmt036934
IRS990/Desc0TO PROVIDE HOUSING TO LOW/MODERATE INCOME PERSONS WHO HAVE, AND CAN VERIFY, A MENTAL, PHYSICAL, OR DEVELOPMENT DISABILITY. THE HOUSING COMPLEX CONSISTS OF 18 UNITS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0GENE GILBERT MANOR
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0196524
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt07846
IRS990/FeesForServicesAccountingGrp/TotalAmt07846
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt012028
IRS990/FeesForServicesManagementGrp/TotalAmt012028
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0KARA SUMMERS
IRS990/Form990PartVIISectionAGrp/PersonNm1MICHELLE DRUM
IRS990/Form990PartVIISectionAGrp/PersonNm2ALLEN DRUM
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GovernmentGrantsAmt025
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0156105
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt012010
IRS990/InsuranceGrp/TotalAmt012010
IRS990/IntangibleAssetsGrp/BOYAmt015351
IRS990/InvestmentIncomeGrp/ExclusionAmt020
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt020
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0674364
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0866805
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0845222
IRS990/LandBldgEquipCostOrOtherBssAmt01519586
IRS990/LegalDomicileStateCd0NM
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME DISABLED PERSONS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01484427
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01484427
IRS990/NetAssetsOrFundBalancesBOYAmt0-578494
IRS990/NetAssetsOrFundBalancesEOYAmt0-618913
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-578494
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-618913
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ProgramServicesAmt011762
IRS990/OfficeExpensesGrp/TotalAmt011762
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt036772
IRS990/OtherAssetsTotalGrp/EOYAmt033921
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt04239
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04239
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2GARBAGE AND TRASH
IRS990/OtherExpensesGrp/Desc3REAL ESTATE TAXES
IRS990/OtherExpensesGrp/ProgramServicesAmt032582
IRS990/OtherExpensesGrp/ProgramServicesAmt117278
IRS990/OtherExpensesGrp/ProgramServicesAmt21627
IRS990/OtherExpensesGrp/ProgramServicesAmt35099
IRS990/OtherExpensesGrp/TotalAmt032582
IRS990/OtherExpensesGrp/TotalAmt117278
IRS990/OtherExpensesGrp/TotalAmt21627
IRS990/OtherExpensesGrp/TotalAmt35099
IRS990/OtherLiabilitiesGrp/BOYAmt03987
IRS990/OtherLiabilitiesGrp/EOYAmt03809
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt028755
IRS990/OtherSalariesAndWagesGrp/TotalAmt028755
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt02645
IRS990/PayrollTaxesGrp/TotalAmt02645
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0KARA SUMMERS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/BusinessCd2900003
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0GOVT RENT ASSISTANCE
IRS990/ProgramServiceRevenueGrp/Desc1TENANT RENT REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2Misc Income
IRS990/ProgramServiceRevenueGrp/Desc3LAUNDRY VENDING INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt058070
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt195128
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21800
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31062
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt058070
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt195128
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31062
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt021
IRS990/PYOtherExpensesAmt0150572
IRS990/PYProgramServiceRevenueAmt0157333
IRS990/PYRevenuesLessExpensesAmt0-21553
IRS990/PYSalariesCompEmpBnftPaidAmt028335
IRS990/PYTotalExpensesAmt0178907
IRS990/PYTotalRevenueAmt0157354
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-40419
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0156105
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt025
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt025
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt020
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt021
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt014
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt015
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt017
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt087
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0156060
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0157333
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0144555
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0138664
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0140363
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0736975
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt020
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt021
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt014
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt015
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt017
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt087
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct00.99990
IRS990ScheduleA/PublicSupportTotal509Amt0737000
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0156085
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0157333
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0144555
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0138664
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0140363
IRS990ScheduleA/Total509Grp/TotalAmt0737000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0156105
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0157354
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0144569
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0138679
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0140380
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0737087
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0788472
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0666619
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01455091
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07745
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07745
IRS990ScheduleD/ExpensesSubtotalAmt0196524
IRS990ScheduleD/LandGrp/BookValueAmt056750
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt056750
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03817
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt125601
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt24503
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03809
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSIT
IRS990ScheduleD/RevenueSubtotalAmt0156105
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0845222
IRS990ScheduleD/TotalBookValueOtherAssetsAmt033921
IRS990ScheduleD/TotalExpensesPerForm990Amt0196524
IRS990ScheduleD/TotalLiabilityAmt03809
IRS990ScheduleD/TotalRevenuePerForm990Amt0156105
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0156105
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0196524
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0HIGH DESERT HOUSING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt012028
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGEMENT FEE
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALLEN DRUM KARA SUMMERS TREASURER PRESIDENT FATHER AND DAUGHTER ALLEN DRUM MICHELLE DRUM TREASURER SECRETARY FATHER AND DAUGHTER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT IS PROVIDED BY MANAGING AGENT UNDER A CONTRACT APPROVED BY US DEPARTMENT OF HUD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICT OF INTEREST ARE DISCUSSED AT BOARD MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF THE TAX RETURN IS PROVIDED FREE OF CHARGE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ROUNDING ADJ
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONTRACTS, SUPER RENT FREE , SECURITY PAYROLL AND MISC OPERATING EXPENSES
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other expenses Part IX line 24e
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0AGUA AZUL HOUSING CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1WILLOW TERRACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0850481429
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1742835142
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0AFFORDHSG
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1AFFORD HSG
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt010
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt110
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 80009
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1PO BOX 19035
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Albuquerque
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Albuquerque
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd087198
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd187119
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0920025
IRS990/TotalAssetsEOYAmt0880022
IRS990/TotalAssetsGrp/BOYAmt0920025
IRS990/TotalAssetsGrp/EOYAmt0880022
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt025
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0196524
IRS990/TotalFunctionalExpensesGrp/TotalAmt0196524
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01498519
IRS990/TotalLiabilitiesEOYAmt01498935
IRS990/TotalLiabilitiesGrp/BOYAmt01498519
IRS990/TotalLiabilitiesGrp/EOYAmt01498935
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-578494
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-618913
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0196524
IRS990/TotalProgramServiceRevenueAmt0156060
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt020
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0156060
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0156105
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0920025
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0880022
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0KARA SUMMERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$880,022
Liabilities
$1,498,935
Net assets
-$618,913
Revenue
$156,105
Expenses
$196,524
Net income
-$40,419
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.75$1.54$0.79$0.18$0.26$0.08
2023Detailed filing. Detailed filing data is available for this year.$0.80$1.51$0.71$0.18$0.23$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.84$1.50$0.66$0.18$0.22$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.88$1.50$0.62$0.16$0.20$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.92$1.50$0.58$0.16$0.18$0.02
2019Summary only. Only limited summary data is available for this year.$0.95$1.51$0.56$0.14$0.18$0.04
2018Summary only. Only limited summary data is available for this year.$0.99$1.51$0.52$0.14$0.18$0.04
2017Summary only. Only limited summary data is available for this year.$1.02$1.50$0.48$0.14$0.18$0.03
2016Summary only. Only limited summary data is available for this year.$1.05$1.50$0.44$0.13$0.17$0.04