New Mexico Affordable Housing logo

New Mexico Affordable Housing

Public charity · Grantmaker Albuquerque, NM EIN: 38-6851393 Website

Raising funds to distribute to individuals in the low and moderate income levels to assist in acquisition, rehabilitation and repair of residential homes.

Key facts about New Mexico Affordable Housing

In short: New Mexico Affordable Housing gave $279K across 4 grants in 2025 (avg $70K), mostly in New Mexico. Source: 2025 IRS Form 990.

EIN
38-6851393
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$279,336
Grants made (2025)
4
Average grant
$69,834
Median grant
$56,917
Total assets
$720,225
Primary geography
New Mexico (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$720K

-7.2% YoY

Annual Giving

$279K

-40.3% YoY

Grant Count

4

-20.0% YoY

Avg Grant Size

$70K

-25.4% YoY

How New Mexico Affordable Housing gives

  • Giving grew 46% from 2022 to 2025. Method

From the foundation's IRS Form 990 filings. Methodology.

About New Mexico Affordable Housing

Based on IRS filings

New Mexico Affordable Housing is a public charity focused on Housing & Shelter, based in Albuquerque, NM. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $720K in total assets. In 2025, it awarded 4 grants totaling $279K. Net investment income was $3K.

Focus Areas

Open Grants

6 open opportunities from New Mexico Affordable Housing

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 4 itemized 2025 grant dollars.

States

Cities

DemingSan Felipe PuebloAlbuquerqueLas CrucesOhkay OwingehSocorroGallup

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K0 grants20200 grants20212 grants20224 grants20235 grants20244 grants2025

From 2022 to 2025, annual grant giving ranged from $191K (2022) to $468K (2024). In 2025 it made 4 grants totaling $279K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2025

Southwestern Regional Housing and Community Development Corporation: $151KSouthwestern Regional Housingand Community Development…$151KEl Camino Real Housing Authority: $88KEl Camino Real HousingAuthority$88KPartnership for Community Action: $26KPartnership for CommunityAction$26KOhkay Owingeh Housing Authority: $15KOhkay Owingeh HousingAuthority$15K

The largest 2025 recipient was Southwestern Regional Housing and Community Development Corporation ($151K). Together the top 4 received $279K.

Grant Size Distribution

15 grants across all recorded years

6<$50K2$50–100K7$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $100–250K range: 7 grants of 15 (47%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Southwestern Regional Housing and Community Development Corporation Deming, NMVeteran's Rehabilitation & Modification Pilot Program$150,635
El Camino Real Housing Authority Socorro, NMVeteran's Rehabilitation & Modification Pilot Program$87,877
Partnership for Community Action Albuquerque, NMVeteran's Rehabilitation & Modification Pilot Program$25,956
Ohkay Owingeh Housing Authority Ohkay Owingeh, NMVeteran's Rehabilitation & Modification Pilot Program$14,868

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$200K$400K$600K$800K202020212022202320242025
Metric202520242023
Total Assets$720,225$775,900$877,295
Revenue$347,254$275,453$519,333
Expenses$306,423$514,116$569,991
Net Investment Income$3,467$1,744$165

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Officers and directors from IRS filings

New Mexico Affordable Housing is led by Isidoro Hernandez, Executive Director on every filing since 2020; 2 of 14 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Isidoro Hernandez

    Executive Director

    On filings since 2020

    0 hrs/week

    $254 (2020) → $121 (2025)

  • Angel Reyes

    Chair

    Board Chair → Chair, 2022

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Dolores Wood

    Hr Director

    On filings since 2022

    No compensation reported

  • Joseph Navarette

    Senior Director of It

    Senior Director of Information Technology → Senior Director of Informatio, 2023

    Senior Director of Informatio → Senior Director of It, 2024

    On filings since 2022

    No compensation reported

  • Donna Maestas-Devries

    Chief Housing Officer

    On filings since 2022

    0.1 hrs/week

    $98 (2023) → $316 (2025)

  • Jeff Payne

    Chief Lending Officer

    On filings since 2022

    $29 (2023) → $0 (2025)

  • Derek Valdo

    Vice Chair

    Board Vice Chair → Vice Chair, 2022

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Rebecca Wurzburger

    Treasurer

    Treasurer → Board Treasurer, 2021

    Board Treasurer → Treasurer, 2022

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Lt Governor Howie Morales

    Member

    On filings since 2022

    0.3 hrs/week

    No compensation reported

  • Arundhati Bose

    Chief Financial Officer

    On filings since 2023

    No compensation reported

  • Laura Montoya

    Member

    On filings since 2023

    0.3 hrs/week

    No compensation reported

  • Raul Torrez

    Member

    On filings since 2023

    0.3 hrs/week

    No compensation reported

  • Randy L. Traynor

    Member

    On filings since 2024

    0.3 hrs/week

    No compensation reported

  • Joseph McIntyre

    Controller

    New on the 2025 filing

    0.3 hrs/week

    No compensation reported

Former officers (13)
  • Former: Yvonne Segovia (2021–2024) — Controller
  • Former: Lizzie Ratnaraj (2023–2024) — Chief Financial Officer · Filing note: Thru 7312023
  • Former: Tim Eichenberg (2020–2023) — Member · Filing note: Through 12023
  • Former: Attorney General Hector Balderas (2022–2023) — Member
  • Former: Patricia Sullivan (2022–2023) — Member
  • Former: Dana Gohr (2022) — Database Programmer
  • Former: Lizzy Ratnaraj (2022) — Chief Financial Officer
  • Former: Stephanie Yara (2022) — Chief Financial Officer · Filing note: Thru 12122
  • Former: Hector Balderas (2020–2021) — Board Member
  • Former: Howie Morales (2020–2021) — Board Member
  • Former: Rosalyn D Nguyen (2020–2021) — Board Member
  • Former: Gina Hickman (2021) — Former Cheif Financial Officer
  • Former: Shawn Colbert (2021) — Former Director of Housing Development

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Donna Maestas-Devries — Chief Housing Officer: $316Donna Maestas-DevriesChief Housing Officer$316Isidoro Hernandez — Executive Director: $121Isidoro HernandezExecutive Director$121

The highest reported compensation on the 2025 filing was $316, to Donna Maestas-Devries (Chief Housing Officer). 2 officers or directors reported compensation on that filing.

Frequently asked questions about New Mexico Affordable Housing

How much does New Mexico Affordable Housing give each year?

New Mexico Affordable Housing gave $279K across 4 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $468K across 5 grants.

What is New Mexico Affordable Housing's typical grant size?

New Mexico Affordable Housing's median grant in 2025 was $56,917, and its average grant was $69,834, across 4 grants on its 2025 IRS Form 990.

Where does New Mexico Affordable Housing give grants?

New Mexico Affordable Housing gives mostly in New Mexico: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there.

Does New Mexico Affordable Housing give general operating support?

Not in 2025: none of the 4 grants with a stated purpose on New Mexico Affordable Housing's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Veteran's Rehabilitation & Modification Pilot Program" (4 grants).

How large is New Mexico Affordable Housing?

New Mexico Affordable Housing reported $720K in total assets on its 2025 IRS Form 990. Its revenue that year was $347K.

What is New Mexico Affordable Housing?

New Mexico Affordable Housing is a public charity focused on Housing & Shelter, based in Albuquerque, NM. It holds $720K in total assets as of 2025.

What is New Mexico Affordable Housing's EIN?

New Mexico Affordable Housing's EIN (Employer Identification Number) is 38-6851393. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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