2025-01-29T17:56:08-06:00 2024-06-30 910189318 MOSS ADAMS LLP 6565 AMERICAS PARKWAY NE STE 600 ALBUQUERQUE NM 87110 990 2023-07-01 421759020 LOBO DEVELOPMENT CORPORATION LOBO 5059251600 801 UNIVERSITY BLVD SE SUITE 207 ALBUQUERQUE NM 87106 TERESA COSTANTINIDIS CHIEF EXECUTIVE OFFICER 5059251600 2025-01-28 1 1 STEVEN TALBOT P01695427 5058787200 2025-01-28 2023 2025-03-06 01:10:19Z TERESA COSTANTINIDIS 801 UNIVERSITY BLVD SE SUITE 207 ALBUQUERQUE NM 87106 3965136 0 X LOBODEVELOPMENTCORP.COM X 2007 NM THE ACTIVITIES OF LOBO DEVELOPMENT CORPORATION INCLUDE THE ACQUISITION, DEVELOPMENT, DISPOSITION AND RENTAL OF REAL ESTATE FOR THE BENEFIT OF THE UNIVERSITY OF NEW MEXICO. 11 6 4 6 0 0 0 1577505 2425334 2042512 310893 343584 0 1535 2736227 3965136 0 0 0 0 422951 531177 0 0 0 1918537 1718355 2341488 2249532 394739 1715604 28676195 28590770 20662240 18861211 8013955 9729559 X LOBO DEVELOPMENT CORPORATION ADVANCES PLANNING, DEVELOPMENT, AND MANAGEMENT OF REAL PROPERTY AND FACILITIES FOR THE UNIVERSITY OF NEW MEXICO THROUGH NEW MODELS OF ENGAGEMENT, UTILIZING BUSINESS-FOCUSED DECISION-MAKING WITHIN A PUBLIC EDUCATIONAL ENVIRONMENT, CREATING ALTERNATIVE FUNDING SOURCES, AND DEVELOPING PUBLIC/PRIVATE PARTNERSHIPS TO ENHANCE THE UNIVERSITY OF NEW MEXICO'S COMPETITIVENESS, SUSTAINABILITY, AND LONG-TERM VALUE, RESULTING IN IMPROVEMENT TO CAMPUS AND COMMUNITY QUALITY OF LIFE. 0 0 2075964 2291609 ACTIVITIES INCLUDE ACQUISITION, DEVELOPMENT, DISPOSITION AND RENTAL OF UNIVERSITY REAL ESTATE. 2075964 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 10 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 6 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X TERESA COSTANTINIDIS 5059251610 801 UNIVERSITY BLVD SE STE 207 ALBUQUERQUE NM 87106 DOUGLAS ZIEDONIS DIRECTOR 1.00 40.00 X 0 810297 143228 GARNETT STOKES DIRECTOR 1.00 40.00 X 0 614702 152829 EDDIE NUNEZ DIRECTOR 1.00 40.00 X 0 441493 66883 JAMES HOLLOWAY DIRECTOR 1.00 40.00 X 0 381834 94536 TERESA COSTANTINIDIS CHIEF EXECUTIVE OFFICER 1.00 40.00 X X 0 331504 129336 WILLIAM PAYNE CHAIR 1.00 1.00 X X 0 0 0 STEPHEN J CIEPIELA VICE CHAIR 1.00 0.00 X X 0 0 0 RICK SIEGEL SECRETARY/TREASURER 1.00 0.00 X X 0 0 0 LOUIS ABRUZZO DIRECTOR 1.00 0.00 X 0 0 0 PAUL BLANCHARD DIRECTOR 1.00 1.00 X 0 0 0 ERIC EGGINS DIRECTOR (STARTING 3/14/24) 1.00 0.00 X 0 0 0 MARIA GRIEGO-RABY DIRECTOR (THRU 9/1/23) 1.00 0.00 X 0 0 0 LISA MARBURY CHIEF BUSINESS OFCR (THRU 12/1/23) 1.00 40.00 X 0 170512 36588 SHAWNA WOLFE CHIEF BUSINESS OFFICER (STARTING 3/14/24) 1.00 40.00 X 0 0 0 KEELIE GARCIA DIRECTOR OF OPERATIONS 40.00 0.00 X 107982 0 19616 KELLY WARD EXECUTIVE DIRECTOR (THRU 9/30/23) 40.00 0.00 X 110472 0 14711 218454 2750342 657727 2 0 1 0 0 1577505 1577505 ADMIN FEE - RENTAL INC 532000 1233697 1233697 PROJECT REVENUE 532000 700000 700000 REIMBURSEMENTS RELATED 532000 108815 108815 2042512 343584 249097 94487 1535 1535 1535 3965136 2291609 0 96022 429146 343317 85829 25596 20477 5119 38239 30591 7648 38196 30557 7639 41108 38310 2798 34484 34484 26852 15857 10995 940 940 30336 24269 6067 19038 15230 3808 403311 399478 3833 3973 2095 1878 1149 409 740 596448 596448 503240 503240 57348 55558 1790 PROJECT REPAIRS 128 128 2249532 2075964 173568 0 435084 372667 2931613 4496871 35000 413 275 21625158 5143503 16842481 16481655 8431604 7239302 28676195 28590770 36922 24028 341433 253404 20283885 18583779 20662240 18861211 X 8013955 9729559 8013955 9729559 28676195 28590770 1715604 0 X 0 1 X 1 0 X X X 1 UNIVERSITY OF NEW MEXICO 856000642 6 1 596448 1479516 1 596448 1479516 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 2: THE ORGANIZATION SUPPORTS A STATE UNIVERSITY, WHICH IS NOT REQUIRED TO OBTAIN RECOGNITION OF ITS PUBLIC CHARITY STATUS. PART I, LINE 12G, COL. (VI) THE $1,479,516 REPRESENTS THE SERVICES PROVIDED BY LOBO DEVELOPMENT CORPORATION TO ITS SUPPORTED ORGANIZATION, THE UNIVERSITY OF NEW MEXICO. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19626345 5143503 14482842 1998813 1998813 16481655 LEASE RECEIVABLE 7220090 LEASE INTEREST RECEIVABLE 19212 7239302 PROMISSORY NOTE PAYABLE TO UNM 11755611 DEFERRED INFLOW OF RESOURCES 6828168 18583779 3965136 0 3965136 0 3965136 2249532 0 2249532 0 2249532 0 0 0 0 0 0 0 0 0 DOUGLAS ZIEDONIS DIRECTOR 0 810153 0 0 0 144 0 133245 0 9983 0 953525 0 0 GARNETT STOKES DIRECTOR 0 614702 0 0 0 0 0 152541 0 288 0 767531 0 0 EDDIE NUNEZ DIRECTOR 0 441493 0 0 0 0 0 53358 0 13525 0 508376 0 0 JAMES HOLLOWAY DIRECTOR 0 381834 0 0 0 0 0 85093 0 9443 0 476370 0 0 TERESA COSTANTINIDIS CHIEF EXECUTIVE OFFICER 0 331504 0 0 0 0 0 119803 0 9533 0 460840 0 0 LISA MARBURY CHIEF BUSINESS OFCR (THRU 12/1/23) 0 170418 0 0 0 94 0 30668 0 5920 0 207100 0 0 FORM 990, PART VI, SECTION A, LINE 2 THE FILING ORGANIZATION IS A COMPONENT UNIT OF THE UNIVERSITY OF NEW MEXICO (UNM). THE FOLLOWING OFFICERS AND DIRECTORS HAVE A BUSINESS RELATIONSHIP WITH ONE ANOTHER BY VIRTUE OF THEIR POSITIONS AS DIRECTORS OR EMPLOYEES OF RELATED ENTITY, THE UNIVERSITY OF NEW MEXICO: WILLIAM PAYNE, TERESA COSTANTINIDIS, JAMES HOLLOWAY, EDDIE NUNEZ, PAUL BLANCHARD, GARNETT STOKES, DOUGLAS ZIEDONIS, LISA MARBURY, AND SHAWNA WOLFE. FORM 990, PART VI, SECTION A, LINE 6 THE UNIVERSITY OF NEW MEXICO IS THE SOLE MEMBER OF THE CORPORATION. THE UNIVERSITY SHALL HAVE ALL RIGHTS AND PRIVILEGES GRANTED TO IT BY THE NEW MEXICO NONPROFIT CORPORATION ACT, THE UNIVERSITY RESEARCH PARK AND ECONOMIC DEVELOPMENT ACT, THE ARTICLES OF INCORPORATION AND THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A NON-POSITIONAL DIRECTORS SHALL BE INDIVIDUALS APPOINTED BY THE BOARD OF REGENTS OF THE UNIVERSITY OF NEW MEXICO. ANY VACANCY IN A NON-POSITIONAL DIRECTOR POSITION SHALL BE FILLED FOR THE UNEXPIRED TERM BY A PERSON DESIGNATED AND APPOINTED BY THE BOARD OF REGENTS. ANY DIRECTOR, EXCEPT THE UNIVERSITY PRESIDENT AND SENIOR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION, MAY BE REMOVED BY THE BOARD OF REGENTS WITH OR WITHOUT CAUSE. FORM 990, PART VI, SECTION A, LINE 7B PER A MEMORANDUM OF AGREEMENT BETWEEN THE REGENTS OF THE UNIVERSITY OF NEW MEXICO (UNM) AND LOBO DEVELOPMENT CORPORATION (LDC), SECTION 1.0, PARAGRAPH 1.4, "LDC SHALL NOT ENTER INTO ANY COMMITMENT OR CONTRACTUAL OBLIGATION WHICH BINDS UNM WITHOUT THE EXPRESS AND SPECIFIC APPROVAL OF THE BOARD OF REGENTS." ALSO, PER SECTION 4.0, PARAGRAPH 4.2 OF THAT AGREEMENT, "LDC WILL USE COMPETITIVE METHODS APPROVED BY THE UNM BOARD OF REGENTS TO IDENTIFY DEVELOPMENT OPPORTUNITIES AND SHALL BRING RECOMMENDED DEVELOPMENT PROPOSALS TO THE BOARD OF REGENTS FOR CONSIDERATION PRIOR TO THE COMPLETION OF THE NEGOTIATION WITH THE PROPOSED DEVELOPER." FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE LOBO DEVELOPMENT CORPORATION BOARD OF DIRECTORS WILL RECEIVE DRAFT COPIES OF FORM 990 TO REVIEW AND APPROVE. FORM 990, PART VI, SECTION B, LINE 12C PERIODIC REVIEWS SHALL BE CONDUCTED TO ENSURE THAT THE CORPORATION OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND THAT IT DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS STATUS AS AN ORGANIZATION EXEMPT FROM FEDERAL TAX. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE AND NATURE OF HIS OR HER FINANCIAL INTEREST AND MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE POSSIBLE CONFLICT, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE REMAINING BOARD OR COMMITTEE MEMBERS DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. IF IT IS DETERMINED THAT A CONFLICT EXISTS, AN INTERESTED PERSON MUST RECUSE HIMSELF/HERSELF FROM VOTING ON THE TRANSACTIONS OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. THERE WERE NO INSTANCES OF CONFLICT DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S TOP MANAGEMENT OFFICIALS ARE PAID BY THE SUPPORTED ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 LOBO DEVELOPMENT MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. UNIVERSITY OF NEW MEXICO 1 UNIVERSITY OF NEW MEXICO ALBUQUERQUE NM 87131 856000642 EDUCATION NM 115 UNIVERSITY OF NEW MEXICO BOARD OF REGENTS 0 LOBO ENERGY INCORPORATED 800 BRADBURY DRIVE SE STE 216 ALBUQUERQUE NM 87106 850459211 UTILITY MANAGEMENT NM 501(C)(3) LINE 12A, I UNIVERSITY OF NEW MEXICO BOARD OF REGENTS 0 UNM RAINFOREST INNOVATIONS 101 BROADWAY BLVD NE STE 1100 ALBUQUERQUE NM 87102 850413634 RESEARCH NM 501(C)(3) LINE 12A, I UNIVERSITY OF NEW MEXICO BOARD OF REGENTS 0 UNIVERSITY OF NEW MEXICO MEDICAL GROUP 933 BRADBURY DRIVE SE ALBUQUERQUE NM 87106 208488778 HEALTHCARE NM 501(C)(3) LINE 10 UNIVERSITY OF NEW MEXICO BOARD OF REGENTS 0 UNM SANDOVAL REGIONAL MEDICAL CENTER INC 934 BRADBURY DRIVE SE ALBUQUERQUE NM 87106 271368727 HEALTHCARE NM 501(C)(3) LINE 10 UNIVERSITY OF NEW MEXICO BOARD OF REGENTS 0 0 0 1 0 1 0 0 0 0 1 0 1 0 0 0 0 1 1 1