YES HOUSING INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

AUGUSTINE C BACA

Phone

5059236906

Tax Period

2024-01-01 to 2024-12-31

YES HOUSING INC, founded in 1990, is a community nonprofit in the Unknown sector that reported $7.5M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 17% operating margin.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $1,580,655 Revenue: $3,680,467

ACTIVITIES INCLUDE: 1. ASSET MANAGEMENT OF THE ORGANIZATION'S PROPERTY, BUILDINGS, AND OTHER ASSETS TO SUPPORT ITS MISSION, ENSURE SUSTAINABILITY, AND MAKE THE BEST USE OF RESOURCES. 2. SOCIAL...

ACTIVITIES INCLUDE: 1. ASSET MANAGEMENT OF THE ORGANIZATION'S PROPERTY, BUILDINGS, AND OTHER ASSETS TO SUPPORT ITS MISSION, ENSURE SUSTAINABILITY, AND MAKE THE BEST USE OF RESOURCES. 2. SOCIAL SERVICE PROGRAMS THAT PROVICE SUPPORT AND RESOURCES TO HELP INDIVIDUALS IN OUR COMMUNITIES MEET BASIC NEEDS AND IMPROVE WELL-BEING. 3. TRANSFER OF LIMITED PARTNERSHIP OWNERSHIP IN LOW INCOME HOUSING TAX CREDIT PROPERTY TO THE ORGANIZATION. 4. OWNERSHIP OF VARIOUS DISREGARDED ENTITIES TO INCLUDE AFFORDABLE HOUSING AND OTHER MISSION SUPPORTED VENTURES.

Program 2

Expenses: $4,035,529 Revenue: $622,950

DEVELOPMENT OF AFFORDABLE HOUSING: RECEIVED A TAX CREDIT ALLOCATION FOR A 56-UNIT AFFORDABLE HOUSING DEVELOPMENT IN HOBBS, NM, FOR FAMILIES AND INDIVIDUALS. CONSTRUCTION BEGAN IN 2022 AND WAS...

DEVELOPMENT OF AFFORDABLE HOUSING: RECEIVED A TAX CREDIT ALLOCATION FOR A 56-UNIT AFFORDABLE HOUSING DEVELOPMENT IN HOBBS, NM, FOR FAMILIES AND INDIVIDUALS. CONSTRUCTION BEGAN IN 2022 AND WAS COMPLETED COMPLETED IN 2024. RECEIVED A TAX CREDIT ALLOCATION FOR A 61-UNIT AFFORDABLE HOUSING DEVELOPMENT IN ALBUQUERQUE, NM. THE DEVELOPMENT ALSO INCLUDES 4 LIVE/WORK UNITS AND RETAIL SPACE. CONSTRUCTION BEGAN IN 2023 AND IS EXPECTED TO BE COMPLETED IN 2025.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,211,326

Program Service Revenue $3,764,861

Investment Income $1,988,677

Other Revenue $550,874

TOTAL REVENUE $7,515,738

Expense Breakdown

Grants Paid $2,850

Salaries & Benefits $3,157,312

Fundraising Expenses $0

Program Expenses $5,616,184

Other Expenses $3,041,571

TOTAL EXPENSES $6,201,733

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,515,738	$5,692,545	+0.3%
Expenses	$6,201,733	$4,785,966	+0.3%
Net Income	$1,314,005	$906,579	+0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$853,805

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR BEVERLEE MCCLURE	CHAIR	0.50	Officer Director	$0	$0	$0
LAWRENCE CHAVEZ	VICE CHAIR	0.50	Officer Director	$0	$0	$0
KEVIN CAUDILL	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
RON WALLACE	DIRECTOR (THROUGH 06/1/2024)	0.50	Director	$0	$0	$0
RENEE PAISANO TRUJILLO	DIRECTOR (THROUGH 06/1/2024)	0.50	Director	$0	$0	$0
GARRET HENNESSY	DIRECTOR	0.50	Director	$0	$0	$0
MARTIN ANDREW GARRISON	DIRECTOR (THROUGH 06/1/2024)	0.50	Director	$0	$0	$0
JEFF APODACA	DIRECTOR (THROUGH 06/1/2024)	0.50	Director	$0	$0	$0
GRANT TAYLOR	DIRECTOR	0.50	Director	$0	$0	$0
GEORGE L CARTER	DIRECTOR	0.50	Director	$0	$0	$0
JOE ROMERO	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL LUCERO	DIRECTOR	0.50	Director	$0	$0	$0
AUGUSTINE C BACA	PRESIDENT/CEO	45.00	Officer	$265,814	$79,092	$344,906
MICHELLE DENBLEYKER	SVP OF DEVELOPMENT	45.00	Officer	$189,953	$71,496	$261,449
HOLLY M BARELA	SVP/CFO/COO	45.00	Officer	$186,770	$60,680	$247,450
ROSE SILVA-SMITH	SVP OF ASSET MANAGEMENT	40.00	Highest	$162,737	$46,406	$209,143
THERESA MIRABAL	VP, RESIDENT SERVICES & FUNDRAISING	40.00	Highest	$101,120	$26,777	$127,897
PAGE OLLICE	DIRECTOR OF CONSTRUCTION MANAGEMENT	40.00	Highest	$118,407	$20,076	$138,483
LAWRENCE GRADI	SVP OF PLANNING & ECONOMIC DEV.	40.00	Highest	$133,207	$8,542	$141,749

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$7,515,738	$6,201,733	$83,352,209	$1,314,005
2023	$5,692,545	$4,785,966	$65,402,465	$906,579
2022	$4,387,551	$4,179,307	$52,432,698	$208,244
2021	$5,858,347	$3,690,262	$60,120,157	$2,168,085
2020	$6,264,692	$4,768,083	$50,026,582	$1,496,609
2020	$6,264,692	$4,768,083	$50,026,582	$1,496,609
2019	$3,710,932	$4,680,419	$47,858,874	$-969,487
2018	$3,843,839	$4,109,835	$42,101,615	$-265,996