New Mexico Affordable Housing
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
542(c) FHA-Insured Multifamily (Risk Share) Loan Program
New Mexico Affordable Housing
Amount
Varies
Deadline
Rolling / Open
HOME Program
New Mexico Affordable Housing
Amount
Varies
Deadline
Rolling / Open
National Housing Trust Fund (NHTF)
New Mexico Affordable Housing
Amount
Varies
Deadline
Rolling / Open
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 4 itemized 2025 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
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
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
The most common grant size was in the $100–250K range: 7 grants of 15 (47%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Southwestern Regional Housing and Community Development Corporation Deming, NM | Veteran's Rehabilitation & Modification Pilot Program | $150,635 |
| El Camino Real Housing Authority Socorro, NM | Veteran's Rehabilitation & Modification Pilot Program | $87,877 |
| Partnership for Community Action Albuquerque, NM | Veteran's Rehabilitation & Modification Pilot Program | $25,956 |
| Ohkay Owingeh Housing Authority Ohkay Owingeh, NM | Veteran's Rehabilitation & Modification Pilot Program | $14,868 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| 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
- 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
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.
Here's the math on researching New Mexico Affordable Housing by hand.
Explore Open Grants
Browse active grant opportunities in New Mexico Affordable Housing's focus areas in our free grants database
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New Mexico Affordable Housing down — hundreds of funders to go?