Nonprofit · EIN 42-1759020
LOBO DEVELOPMENT CORPORATION
Tax-exempt · ALBUQUERQUE, NM 87106
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,549,366 | $4,734,921 | -$2,185,555 | $24,333,130 | $16,789,126 | $7,544,004 |
| June 30, 2024 | 990 | $3,965,136 | $2,249,532 | $1,715,604 | $28,590,770 | $18,861,211 | $9,729,559 |
| June 30, 2023 | 990 | $2,736,227 | $2,341,488 | $394,739 | $28,676,195 | $20,662,240 | $8,013,955 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $245,780
- Program service revenue
- $1,978,260
- Investment income
- $325,326
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $210,675
- Other salaries and wages
- $271,069
- Salaries, compensation and benefits (total)
- $594,053
- Professional fundraising fees
- $0
- Legal fees
- $40,101
- Accounting fees
- $36,443
- Occupancy
- $347,794
- Travel
- $1,946
- Depreciation
- $443,872
- Program services (functional)
- $4,490,533
- Management and general (functional)
- $244,388
Balance sheet and other
- Total assets, start of year
- $28,590,770
- Total assets, end of year
- $24,333,130
- Total liabilities, end of year
- $16,789,126
- Net assets, end of year
- $7,544,004
- Land, buildings and equipment
- $14,345,298
- Net assets without donor restrictions
- $7,544,004
- Gross receipts
- $2,549,366
- Employees
- 3
- Volunteers
- 6
- Year formed
- 2007
- State of legal domicile
- NM
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DOUGLAS ZIEDONIS | DIRECTOR (THROUGH 08/01/2024) Trustee or director | 1 | $0 | $876,183 | $73,778 |
| MICHAEL R RICHARDS | DIRECTOR Trustee or director | 1 | $0 | $743,451 | $128,353 |
| GARNETT STOKES | DIRECTOR Trustee or director | 1 | $0 | $625,081 | $158,267 |
| JAMES HOLLOWAY | DIRECTOR Trustee or director | 1 | $0 | $392,000 | $148,599 |
| TERESA COSTANTINIDIS | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 1 | $0 | $346,805 | $134,689 |
| EDDIE NUNEZ | DIRECTOR (THROUGH 08/01/2024) Trustee or director | 1 | $0 | $347,154 | $64,495 |
| SHAWNA WOLFE | CHIEF BUSINESS OFFICER Officer | 1 | $0 | $246,685 | $80,699 |
| DAVID CAMPBELL | EXECUTIVE DIRECTOR (THROUGH 3/31/25) Key employee | 40 | $241,862 | $0 | $15,450 |
| KEELIE GARCIA | DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $131,558 | $0 | $20,902 |
| FERNANDO LOVO | DIRECTOR Trustee or director | 1 | $0 | $85,814 | $8,843 |
| PAUL BLANCHARD | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| STEPHEN J CIEPIELA | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RICK SIEGEL | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ERIC K EGGINS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LOUIS ABRUZZO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VICTOR REYES | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM PAYNE | CHAIR (THROUGH 09/01/2024) Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DOUGLAS ZIEDONIS | DIRECTOR Trustee or director | 1 | $0 | $810,297 | $143,228 |
| GARNETT STOKES | DIRECTOR Trustee or director | 1 | $0 | $614,702 | $152,829 |
| EDDIE NUNEZ | DIRECTOR Trustee or director | 1 | $0 | $441,493 | $66,883 |
| JAMES HOLLOWAY | DIRECTOR Trustee or director | 1 | $0 | $381,834 | $94,536 |
| TERESA COSTANTINIDIS | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 1 | $0 | $331,504 | $129,336 |
| LISA MARBURY | CHIEF BUSINESS OFCR (THRU 12/1/23) Officer | 1 | $0 | $170,512 | $36,588 |
| KEELIE GARCIA | DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $107,982 | $0 | $19,616 |
| KELLY WARD | EXECUTIVE DIRECTOR (THRU 9/30/23) Highest-paid employee | 40 | $110,472 | $0 | $14,711 |
| WILLIAM PAYNE | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| STEPHEN J CIEPIELA | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RICK SIEGEL | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LOUIS ABRUZZO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PAUL BLANCHARD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ERIC EGGINS | DIRECTOR (STARTING 3/14/24) Trustee or director | 1 | $0 | $0 | $0 |
| MARIA GRIEGO-RABY | DIRECTOR (THRU 9/1/23) Trustee or director | 1 | $0 | $0 | $0 |
| SHAWNA WOLFE CHIEF | BUSINESS OFFICER (STARTING 3/14/24) Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DOUGLAS ZIEDONIS | DIRECTOR Trustee or director | 1 | $0 | $784,859 | $133,675 |
| GARNETT STOKES | DIRECTOR Trustee or director | 1 | $0 | $502,498 | $159,354 |
| EDDIE NUNEZ | DIRECTOR Trustee or director | 1 | $0 | $451,024 | $51,564 |
| JAMES HOLLOWAY | DIRECTOR Trustee or director | 1 | $0 | $362,392 | $85,364 |
| TERESA COSTANTINIDIS | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 1 | $0 | $314,348 | $120,264 |
| LISA MARBURY | CHIEF BUSINESS OFFICER Officer | 1 | $0 | $165,088 | $28,159 |
| WILLIAM PAYNE | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| STEPHEN J CIEPIELA | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LOUIS ABRUZZO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PAUL BLANCHARD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARIA GRIEGO-RABY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RICK SIEGEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KIM SANCHEZ RAEL | DIRECTOR (THROUGH APRIL 2023) Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 801 UNIVERSITY BLVD SE STE 207, ALBUQUERQUE, NM 87106-4345
- In care of
- % DAVID W HARRIS
- Principal officer (990 for 2024)
- TERESA COSTANTINIDIS, 801 UNIVERSITY BLVD SE SUITE 207, ALBUQUERQUE, NM 87106
- Signed the 990
- THOMAS M NEALE, CHIEF OPERATING OFFICER
- Phone
- (505) 925-1610
- Website
- LOBODEVELOPMENTCORP.COM
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
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.
Program accomplishments
- ACTIVITIES INCLUDE ACQUISITION, DEVELOPMENT, DISPOSITION AND RENTAL OF UNIVERSITY REAL ESTATE.Expenses $4,490,533 · revenue $2,169,031
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1759020
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2010
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B194)
- Assets (IRS master file)
- $24,333,130
- Income (IRS master file)
- $2,549,366
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,549,366 | $4,734,921 | $24,333,130 | XML |
| 990 | June 2024 | $3,965,136 | $2,249,532 | $28,590,770 | XML |
| 990 | June 2023 | $2,736,227 | $2,341,488 | $28,676,195 | XML |
| 990 | June 2022 | $2,623,304 | $2,144,453 | $30,104,169 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1759020).
Questions about LOBO DEVELOPMENT CORPORATION
- What is the EIN of LOBO DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of LOBO DEVELOPMENT CORPORATION is 42-1759020.
- Is LOBO DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to LOBO DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does LOBO DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LOBO DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LOBO DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LOBO DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names TERESA COSTANTINIDIS.
- Who are the officers and directors of LOBO DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 17 people; 2 received compensation from the organization.
- How much revenue does LOBO DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,549,366, expenses of $4,734,921 and total assets of $24,333,130 at year end.
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