2024-02-02T08:49:56-06:00 2023-09-30 943108253 NOVOGRADAC & COMPANY 211 E OCEAN BLVD 6TH FLOOR LONG BEACH CA 90802 990PF 2022-10-01 850311499 VILLA TERESA INC VILL 5052604800 1720 LOUISIANA BLVD NE 402 ALBUQUERQUE NM 87110 JERRY BURKHOLDER CONTROLLER 5052604800 2024-02-02 1 JERRY BURKHOLDER 999009999 0 WILLIAM LETSINGER P00478303 5624329482 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z X 1360716 X X 0 0 546057 0 546057 546057 0 546057 0 0 0 0 88122 0 88122 0 12314 0 12314 0 23998 0 23998 0 27772 0 27772 0 2412 0 2412 0 27164 0 27164 309616 0 309616 0 491398 0 491398 0 0 0 491398 0 491398 0 54659 0 54659 40509 118484 118484 8845 9337 9337 2431110 1961301 463430 469809 469809 832369 763086 763086 1345153 1360716 1360716 6561 6751 779 1813 1734136 1690122 19342 23036 1760818 1721722 X -415665 -361006 -415665 -361006 1345153 1360716 -415665 54659 0 -361006 0 -361006 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 NM 1 0 0 0 0 1 N/A MONARCH PROPERTIES INC 5052604800 1720 LOUISIANA BLVD ALBUQUERQUE NM 87110 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 JOHN ROCKWELL 1720 LOUISIANA BLVD NE SUITE 402 ALBUQUERQUE NM 87110 PRESIDENT 1.00 0 0 0 MICHAEL CALDWELL 1720 LOUISIANA BLVD NE SUITE 402 ALBUQUERQUE NM 87110 DIRECTOR 1.00 0 0 0 ROBERT MCNEILL 1720 LOUISIANA BLVD NE SUITE 402 ALBUQUERQUE NM 87110 DIRECTOR 1.00 0 0 0 LINDSEY GILBERT 1720 LOUISIANA BLVD NE SUITE 402 ALBUQUERQUE NM 87110 SECRETARY 1.00 0 0 0 MIKE NOONAN 1720 LOUISIANA BLVD NE SUITE 402 ALBUQUERQUE NM 87110 DIRECTOR 1.00 0 0 0 GREG LEACH 1720 LOUISIANA BLVD NE SUITE 402 ALBUQUERQUE NM 87110 VICE PRESIDENT 1.00 0 0 0 JUAN CARAVEO 1720 LOUISIANA BLVD NE SUITE 402 ALBUQUERQUE NM 87110 DIRECTOR 1.00 0 0 0 MAYLING ARMIJO 1720 LOUISIANA BLVD NE SUITE 402 ALBUQUERQUE NM 87110 TREASURER 1.00 0 0 0 NONE 0 NONE 0 THE ORGANIZATION IS A NONPROFIT CORPORATION ORGANIZED IN SANTA FE, NEW MEXICO IN 1983 TO OPERATE AN APARTMENT COMPLEX OF 48 UNITS FOR ELDERLY PERSONS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENT CHARGES AND METHOD OF OPERATIONS. THE PROPERTY RETIRED THE DEBT DUE UNDER SECTION 202 DIRECT LOAN IN APRIL 2012. THE NEW DEBT CARRIES MORTGAGE INSURANCE UNDER SECTION 207, PUSUANT TO SECTION 223. THE PROJECT IS ALSO SUBJECT TO SECTION 8 HOUSING ASSISTANCE PAYMENTS AGREEMENTS WITH HUD, AND A SIGNIFICANT AMOUNT OF THE PROJECT'S RENTAL INCOME IS RECEIVED AS HUD SUBSIDIES. 491398 0 0 59860 0 59860 0 0 59860 898 58962 2948 X 0 0 0 X 2948 2215 3025 2945 11133 2506 1883 2571 2503 9463 0 0 65894 61385 127279 0 0 65894 61385 127279 0 0 0 0 0 2678126 2678126 2678126 2678126 10712504 2604742 2604742 2604742 2604742 10418968 1965 1477 2017 1963 7422 0 0 0 0 X 0 0 RENTAL INCOME 542402 INTEREST INCOME 3291 OTHER INCOME 364 0 0 546057 546057 1A OPERATE AN APARTMENT COMPLEX OF 48 UNITS LOCATED IN SANTA FE, NM FOR ELDERLY PERSONS 3 FUNDS AND RESERVES REQUIRED BY AGREEMENT WITH HUD 0 0 0 0 0 0 0 0 0 0 ACCOUNTING EXPENSE 23998 0 23998 0 LAND 1990-06-01 385000 L 0 0 0 PAVED WALKWAY 2017-07-31 6228 6228 SL 5.000000000000 0 0 0 SMOKING SHELTER 2020-12-02 4554 1670 SL 5.000000000000 911 0 911 BUILDINGS 1990-06-01 1697700 1697700 SL 30.000000000000 0 0 0 STORM DOORS 2006-12-14 1865 1865 SL 10.000000000000 0 0 0 FURNACES 2007-06-05 3388 3388 SL 10.000000000000 0 0 0 SECURITY DOORS 2010-09-02 2373 2373 SL 10.000000000000 0 0 0 PARKING LOT REPAVING 2015-12-30 120755 81510 SL 10.000000000000 12076 0 12076 REPLACE FURNACES, LIGHTS, ETC. 2016-02-22 72747 69282 SL 7.000000000000 3465 0 3465 REPLACE APPLIANCES 2016-07-24 36416 36416 SL 5.000000000000 0 0 0 ADDITIONAL PAVING 2017-01-26 6824 3923 SL 10.000000000000 682 0 682 HVAC #16 2021-05-28 2100 560 SL 5.000000000000 420 0 420 HVAC #27 2021-06-02 1992 531 SL 5.000000000000 398 0 398 BREAKROOM CABINETS AND COUNTERTOPS 2016-10-31 6064 3638 SL 10.000000000000 606 0 606 LAUNDRY ROOM CABINETS AND COUNTERTOPS 2016-11-30 1854 1096 SL 10.000000000000 185 0 185 TRACTOR 1990-06-01 2070 2070 SL 6.000000000000 0 0 0 LAWN MOWER 1990-06-01 1800 1800 SL 6.000000000000 0 0 0 COPIER 1990-06-01 599 599 SL 5.000000000000 0 0 0 SOFA 1990-06-01 1398 1398 SL 6.000000000000 0 0 0 TELEVISION 1990-06-01 400 400 SL 6.000000000000 0 0 0 FURNITURE 2016-02-25 2560 2560 SL 5.000000000000 0 0 0 BUILT IN BOOKCASE/DESK FOR CLUBROOM 2016-05-19 3301 3301 SL 5.000000000000 0 0 0 DESKTOP FOR OFFICE 2019-12-06 2143 1215 SL 5.000000000000 429 0 429 DESKTOP FOR SERVICE COORDINATOR 2020-01-27 2348 1364 SL 5.000000000000 470 0 470 FORD RANGER 1990-06-01 8999 8999 SL 6.000000000000 0 0 0 HVAC MAINTENANCE BUILDING 2022-04-18 3506 24 SL 5.000000000000 701 0 701 #40 WATER HEATER 2021-10-05 4208 70 SL 5.000000000000 842 0 842 #26 WATER HEATER 2021-12-04 1776 25 SL 5.000000000000 355 0 355 #3 & 22 WATER HEATERS 2021-12-30 2527 32 SL 5.000000000000 505 0 505 #38 WATER HEATER 2022-02-08 1831 20 SL 5.000000000000 366 0 366 #32 ADA SHOWER 2022-02-21 3911 38 SL 5.000000000000 782 0 782 #30 & 33 WATER HEATERS 2022-05-20 3778 21 SL 5.000000000000 756 0 756 WATER HEATERS 2 STOCK 2022-05-31 1491 8 SL 5.000000000000 298 0 298 #44 WATER HEATER 2022-05-31 2321 13 SL 5.000000000000 464 0 464 KEY CONTROL SYSTEM 2023-07-10 2133 SL 5.000000000000 107 0 107 HVAC REPAIRS 2023-04-30 10054 SL 5.000000000000 838 0 838 WATER HEATERS 2023-04-30 18096 SL 5.000000000000 1508 0 1508 LAND 385000 0 385000 PAVED WALKWAY 6228 6228 0 SMOKING SHELTER 4554 2581 1973 BUILDINGS 1697700 1697700 0 STORM DOORS 1865 1865 0 FURNACES 3388 3388 0 SECURITY DOORS 2373 2373 0 PARKING LOT REPAVING 120755 93586 27169 REPLACE FURNACES, LIGHTS, ETC. 72747 72747 0 REPLACE APPLIANCES 36416 36416 0 ADDITIONAL PAVING 6824 4605 2219 HVAC #16 2100 980 1120 HVAC #27 1992 929 1063 BREAKROOM CABINETS AND COUNTERTOPS 6064 4244 1820 LAUNDRY ROOM CABINETS AND COUNTERTOPS 1854 1281 573 TRACTOR 2070 2070 0 LAWN MOWER 1800 1800 0 COPIER 599 599 0 SOFA 1398 1398 0 TELEVISION 400 400 0 FURNITURE 2560 2560 0 BUILT IN BOOKCASE/DESK FOR CLUBROOM 3301 3301 0 DESKTOP FOR OFFICE 2143 1644 499 DESKTOP FOR SERVICE COORDINATOR 2348 1834 514 FORD RANGER 8999 8999 0 HVAC MAINTENANCE BUILDING 3506 725 2781 #40 WATER HEATER 4208 912 3296 #26 WATER HEATER 1776 380 1396 #3 & 22 WATER HEATERS 2527 537 1990 #38 WATER HEATER 1831 386 1445 #32 ADA SHOWER 3911 820 3091 #30 & 33 WATER HEATERS 3778 777 3001 WATER HEATERS 2 STOCK 1491 306 1185 #44 WATER HEATER 2321 477 1844 KEY CONTROL SYSTEM 2133 107 2026 HVAC REPAIRS 10054 838 9216 WATER HEATERS 18096 1508 16588 TENANT SECURITY DEPOSITS 14073 15149 15149 INSURANCE ESCROW 36378 43424 43424 RESERVE FOR REPLACEMENT 436366 248190 248190 RESIDUAL RECEIPTS RESERVE 345552 375089 375089 CONSTRUCTION IN PROGRESS 0 81234 81234 REPAIRS & MAINTENANCE 94733 0 94733 0 INSURANCE 50305 0 50305 0 OFFICE EXPENSES 27006 0 27006 0 UTILITIES 72016 0 72016 0 INTEREST 65285 0 65285 0 DUES 271 0 271 0 RENTAL INCOME 542402 542402 INTEREST INCOME 3291 3291 OTHER INCOME 364 364 TENANT SECURITY DEPOSITS 14073 14644 ACCRUED INTEREST 5269 5132 TAX ADJUSTMENT ACCOUNT 0 3260 MANAGEMENT FEE 27772 0 27772 0 TAXES AND LICENSES 2412 0 2412 0