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Yes Housing Inc

EIN 85-0388252 · Albuquerque, NM

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong90 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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

Income
$7.5 million
Spending
$6.2 million
Spent on programs
91%
Reserves
57.8 months of spending
Largest source of income
fees for its services, 50%
Employees
28
Volunteers
68
Highest pay
$344,906, president/ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 90 out of 100.

  • Reserves

    35 of 35

    Spendable reserves would cover 57.8 months of spending.

  • Debt

    10 of 20

    It owes 45% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 17% of income.

  • Income trend

    15 of 15

    Income rose 32% on the year before.

  • Spending floor

    15 of 15

    91% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100.

  • Independent board

    25 of 25

    8 of 8 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $1.6 million spent. 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.
  2. $4.0 million spent. 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.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since August 1996.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.