2024-05-23T15:36:40-04:00 2023-09-30 850232815 HINKLE LANDERS PC 2500 9TH ST NW ALBUQUERQUE NM 871021055 990 2022-10-01 465367784 VENTANA FUND VENT 5053772053 PO BOX 25483 ALBUQUERQUE NM 87125 D TODD CLARKE CHAIR 5053772053 2024-05-16 true D TODD CLARKE 999009999 true FARLEY VENER P00162894 5058838788 2024-05-23 2022 2023-04-26 12:10:37Z D TODD CLARKE 715 8TH STREET NW ALBUQUERQUE NM 87102 2987111 false X WWW.VENTANAFUND.ORG X 2014 NM VENTANA FUND PROVIDES EARLY STAGE FINANCING FOR AFFORDABLE HOUSING IN NEW MEXICO'S UNDERSERVED COMMUNITIES. 10 10 2 11 0 1666265 160000 684095 880455 11609 802329 0 2361969 1842784 0 0 31714 111062 0 0 846826 1036703 878540 1147765 1483429 695019 19712945 27130256 12455016 19177308 7257929 7952948 VENTANA FUND PROVIDES EARLY STAGE FINANCING FOR AFFORDABLE HOUSING IN NEW MEXICO'S UNDERSERVED COMMUNITIES. false false 608449 700847 VENTANA FUND PROVIDES FINANCING AND DEVELOPMENT SERVICES FOR LOW INCOME PERSONS IN THE STATE OF NEW MEXICO WITH AN EMPHASIS ON HOUSING LOCATED IN ECONOMICALLY DISTRESSED COMMUNITIES AND HOUSING MARKET NICHES THAT ARE UNDERSERVED BY TRADITIONAL FINANCIAL INSTITUTIONS. 141277 179608 THROUGH IT'S WHOLLY OWNED, SINGLE MEMBER LLC, VENTANA FUND OPERATES A 20- UNIT MULTI-FAMILY PROPERTY WHICH PROVIDES AFFORDABLE HOUSING TO THE LOW INCOME INDIVIDUALS AND FAMILIES. PROPERTY WAS SOLD IN SEPTEMBER 2023. 749726 true true false false false false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false true false false false false false false true false false false false true 5 0 true 2 true false false false false false false false false false false false false X 10 10 false false false false false false false true true false false true true true true false false false false false NM X X X LOFTIS LOVATO GROUP LLC 5052935009 5501 EAGLE ROCK AVE SUITE C-5 ALBUQUERQUE NM 87113 X D TODD CLARKE CHAIR 11.00 X X 0 0 0 PAUL CASSIDY VICE-CHAIR 1.00 X X 0 0 0 ELIZABETH BERNAL SECRETARY 1.00 X X 0 0 0 HOLLY BARELA TREASURER 1.00 X X 0 0 0 STEVE ANAYA MEMBER 1.00 X 0 0 0 ROBBIE R LEVEY MEMBER 1.00 X 0 0 0 PETER GINERIS MEMBER 1.00 X 0 0 0 GEORGE MAESTAS MEMBER 1.00 X 0 0 0 JESSICA KUHN MEMBER 1.00 X 0 0 0 CATHERINE HUMMEL MEMBER 1.00 X 0 0 0 KENDRA YEVOLI EXECUTIVE DI 40.00 X 0 0 0 false false false STELZNER WINTER WARBURTON FLORES SANCHEZ & DAWES PA PO BOX 528 ALBUQUERQUE NM 87103 LEGAL 111563 1 160000 160000 MORTGAGE INTEREST 522292 568671 568671 RENT INCOME-VALENCIA PARK 531110 173453 173453 LOAN FEES 522292 130518 130518 OTHER OPERATING INCOME 531390 7813 7813 880455 39813 39813 1906843 1144327 762516 762516 762516 1842784 880455 802329 X 94494 70870 23624 8804 8804 7764 5823 1941 307916 95964 211952 19237 8080 11157 24377 24377 11200 11200 110647 93068 17579 4641 446 4195 294080 294080 34900 34900 14712 8930 5782 PROVISION FOR LOAN LOSSES 129952 129952 MISCELLANEOUS EXPENSE 65147 1035 64112 PROFESSIONAL DEVELOPMENT 5194 200 4994 APPLIANCES 4379 4379 10321 1999 8322 1147765 749726 398039 0 558925 785978 2942874 4708883 2611 48736 15013337 21566532 6898 13122 1179226 9074 7005 19712945 27130256 129034 783057 168008 2637484 12151076 15756767 6898 12455016 19177308 X 1186783 1838060 6071146 6114888 7257929 7952948 19712945 27130256 695019 X false true X true true true X 371890 794606 6330 1666265 160000 2999091 254360 358142 568425 684095 880455 2745477 626250 1152748 574755 2350360 1040455 5744568 18578 18578 18578 18578 5725990 15970 14826 3970 11609 39813 86188 15970 14826 3970 11609 39813 86188 642220 1167574 578725 2361969 1080268 5830756 0.98200 0.98920 0.01000 0.01000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1842784 1842784 1842784 1147765 1147765 1147765 SCHEDULE D, PAGE 3, PART X INCOME TAXES ARE NOT PROVIDED FOR IN THE CONSOLIDATED FINANCIAL STATEMENTS SINCE VENTANA IS EXEMPT FROM THE FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE PROVISIONS AND VALENCIA IS CONSIDERED A DISREGARDED ENTITY FOR TAX FILING PURPOSES. VENTANA IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. VENTANA HAD NO TAXABLE UNRELATED BUSINESS INCOME FOR THE YEARS ENDED SEPTEMBER 30, 2023 OR 2022. VENTANA FILES ITS FEDERAL FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND THE ONLINE CHARITABLE REGISTRATION IN THE OFFICE OF THE ATTORNEY GENERAL FOR THE STATE OF NEW MEXICO. AS NOTED EARLIER, VALENCIA IS CONSIDERED A DISREGARDED ENTITY FOR TAX FILING PURPOSES AND ITS ACCOUNTS WILL BE INCLUDED IN VENTANAS FEDERAL FORM 990. VALENCIA HAD NO TAXABLE UNRELATED BUSINESS INCOME FOR THE YEARS ENDED SEPTEMBER 30, 2023 AND 2022. D TODD CLARKE BOARD CHAIR BROKER COMMISSIONS false SCHEDULE L, PART V THE BOARD CHAIR'S COMPANY WAS THE LISTING BROKER ON THE PROPERTY FOR SIXTEEN OF THE THIRTY-THREE OUTSTANDING MORTGAGE RECEIVABLES AND RECEIVED COMPENSATION FOR SIXTEEN OF THOSE SALES. FORM 990, PART VI PROCESS TO ELECT BOARD MEMBERS: CANDIDATES TO SERVE ON VENTANA FUND'S BOARD OF DIRECTORS ARE RECOMMENDED BY THE SITTING DIRECTORS. POTENTIAL DIRECTORS ARE IDENTIFIED AND THEIR CURRICULUM VITAE IS PRESENTED TO THE FULL BOARD. NEW DIRECTORS MAY BE ELECTED AT ANY MEETING WHERE THERE IS A QUORUM OF THE BOARD. THE CORPORATION MAY ADOPT ADDITIONAL POLICIES AND PROCEDURES TO VET POTENTIAL DIRECTORS, VALIDATE THEIR QUALIFICATION, AND ASSIST THE BOARD IN THE SELECTION PROCESS, PROVIDED THAT SUCH POLICIES AND PROCEDURES ARE APPLIED EVENLY AND CONSISTENTLY TO ALL POTENTIAL NEW DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD WILL REVIEW AND APPROVE THE FORM 990 AT ANY MEETING WHERE THERE IS A QUORUM OF THE BOARD OR BY UNANIMOUS WRITTEN CONSENT OF THE BOARD VIA EMAIL. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY, ALSO KNOWN AS THE "CODE OF CONDUCT", IS ENFORCED BY HAVING BOARD MEMBERS SUBMIT NEW DISCLOSURES EVERY YEAR; THOSE ARE KEPT ON FILE BY THE MANAGING ENTITY. THE BOARD CHAIR REMINDS THE BOARD TO DISCLOSE ANY CONFLICTS OF INTEREST PRIOR TO VOTES APPROVING LOANS. FORM 990, PAGE 6, PART VI, LINE 19 VENTANA FUND'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS WILL BE AVAILABLE UPON REQUEST BY CONTACTING VENTANA FUND'S EXECUTIVE DIRECTOR AT THE CONTACT INFORMATION LISTED ON THE WEBSITE, VENTANAFUND.ORG. FORM 990, PART IX, LINE 11G MANAGEMENT FEES 0 22,468 0 CONTRACT SERVICES & PROF FEES 95,964 189,484 0 TOTAL 95,964 211,952 0 VALENCIA PARK LLC 715 8TH STREET NW ALBUQUERQUE NM 87102 832948280 RENTAL NM 942124 678121 VENTANA FU