Nonprofit · EIN 85-0412352
SOL HOUSING
Tax-exempt · ALBUQUERQUE, NM 87125
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $3,481,269 | $1,391,358 | $2,089,911 | $46,813,415 | $34,618,224 | $12,195,191 |
| December 31, 2024 | 990 | $1,634,055 | $1,177,556 | $456,499 | $32,854,499 | $22,724,988 | $10,129,511 |
| December 31, 2023 | 990 | $2,266,767 | $1,149,793 | $1,116,974 | $32,568,531 | $22,825,523 | $9,743,008 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $960,968
- of which government grants
- $960,968
- Program service revenue
- $1,734,906
- Investment income
- $785,395
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $723,939
- Salaries, compensation and benefits (total)
- $1,002,411
- Professional fundraising fees
- $0
- Legal fees
- $43,890
- Accounting fees
- $39,700
- Occupancy
- $22,777
- Travel
- $4,825
- Depreciation
- $31,809
- Program services (functional)
- $1,102,533
- Management and general (functional)
- $288,825
Balance sheet and other
- Total assets, start of year
- $32,854,499
- Total assets, end of year
- $46,813,415
- Total liabilities, end of year
- $34,618,224
- Net assets, end of year
- $12,195,191
- Land, buildings and equipment
- $3,425,828
- Net assets without donor restrictions
- $12,195,191
- Gross receipts
- $3,481,269
- Employees
- 17
- Year formed
- 1993
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FELIPE RAEL | EXECUTIVE DI Highest-paid employee | 50 | $128,272 | $45,416 |
| RUSSELL BRITO | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DON DUDLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SARAH HURTEAU | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CIARAN LITHGOW | VICE PRESIDE Trustee or director, Officer | 1 | $0 | $0 |
| ELVIRA LOPEZ | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| KIMBERLY MILLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| YVETTE SAMMONS-RETZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ALAN VINCIONI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FELIPE RAEL | EXECUTIVE DI Highest-paid employee | 50 | $123,674 | $47,481 |
| RUSSELL BRITO | VICE PRESIDE Trustee or director, Officer | 1 | $0 | $0 |
| DON DUDLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SARAH HURTEAU | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| TESSA LATSON | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| CIARAN LITHGOW | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ELVIRA LOPEZ | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| KIMBERLY MILLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| YVETTE SAMMONS-RETZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ALAN VINCIONI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FELIPE RAEL | EXECUTIVE DI Highest-paid employee | 50 | $119,825 | $43,715 |
| RUSSELL BRITO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DON DUDLEY | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| SARAH HURTEAU | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TESSA LATSON | VICE PRESIDE Trustee or director, Officer | 2 | $0 | $0 |
| ELVIRA LOPEZ | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ALAN VINCIONI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 25303, ALBUQUERQUE, NM 87125-0303
- In care of
- % LORETTA NARANJO-LOPEZ
- Principal officer (990 for 2025)
- FELIPE RAEL, PO BOX 25303, ALBUQUERQUE, NM 87125
- Signed the 990
- FELIPE RAEL, EXECUTIVE DIRECTOR
- Phone
- (505) 244-1614
- Return prepared by
- LOVERIDGE HUNT & CO CPA'S
Mission
TO CREATE EXCEPTIONAL HOUSING COMMUNITIES AND PROVIDE ENRICHMENT SERVICES TO SUPPORT HOUSEHOLD STABILITY, HEALTHY FAMILIES, AND SAFER NEIGHBORHOODS.
Program accomplishments
- AFFORDABLE HOUSING DEVELOPMENT: SINCE 1996, SOL HOUSING HAS PARTNERED ON THE DEVELOPMENT OF 948 RENTAL UNITS AND DEVELOPED 121 HOME OWNERSHIP UNITS IN 15 DIFFERENT DEVELOPMENTS IN FIVE DIFFERENT ALBUQUERQUE NEIGHBORHOODS.Expenses $1,102,533
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-0412352
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $46,813,415
- Income (IRS master file)
- $3,481,269
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $3,481,269 | $1,391,358 | $46,813,415 | XML |
| 990 | December 2024 | $1,634,055 | $1,177,556 | $32,854,499 | XML |
| 990 | December 2023 | $2,266,767 | $1,149,793 | $32,568,531 | XML |
| 990 | December 2022 | $3,020,427 | $1,192,844 | $30,979,656 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 85-0412352).
Questions about SOL HOUSING
- What is the EIN of SOL HOUSING?
- The employer identification number (EIN) of SOL HOUSING is 85-0412352.
- Is SOL HOUSING tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to SOL HOUSING tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOL HOUSING 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 SOL HOUSING due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOL HOUSING last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SOL HOUSING?
- The 990 for the year ended December 31, 2025 names FELIPE RAEL.
- Who are the officers and directors of SOL HOUSING?
- The 990 for the year ended December 31, 2025 lists 9 people; 1 received compensation from the organization, the highest $128,272 (FELIPE RAEL, EXECUTIVE DI).
- How much revenue does SOL HOUSING have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $3,481,269, expenses of $1,391,358 and total assets of $46,813,415 at year end.
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