2026-02-13T13:37:02-06:00 2025-09-30 943108253 NOVOGRADAC & COMPANY LLP 3780 KILROY AIRPORT WAY SUITE 330 LONG BEACH CA 90806 990PF 2024-10-01 850311499 VILLA TERESA INC VILL 5052604800 1720 LOUISIANA BLVD NE 402 ALBUQUERQUE NM 87110 JOHN ROCKWELL PRESIDENT 5052604800 2026-02-13 1 0 JUSTIN CHUBB LURYA P01989897 5624329482 2026-02-03 2024 2025-03-06 01:10:19Z X 3351367 X X 0 0 719088 0 719088 719088 0 719088 0 0 0 0 111301 0 111301 111301 21501 0 21501 21501 21219 0 21219 21219 36299 0 36299 36299 31345 0 31345 31345 46200 0 46200 343314 0 343314 343314 611179 0 611179 564979 0 0 611179 0 611179 564979 107909 0 107909 28631 257597 257597 647 1289 647 647 9571 10552 10552 2605494 2037080 614614 568414 2605494 595888 477077 477077 1249993 1314287 3351367 13469 13050 78 4664 1644438 1597025 45182 44813 1703167 1659552 X -453174 -345265 -453174 -345265 1249993 1314287 -453174 107909 0 -345265 0 -345265 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 0 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 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 STEVEN GRANT 1720 LOUISIANA BLVD NE SUITE 402 ALBUQUERQUE NM 87110 DIRECTOR 1.00 0 0 0 PATRICK WESTERFIELD 1720 LOUISIANA BLVD NE SUITE 402 ALBUQUERQUE NM 87110 DIRECTOR 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. 525732 0 0 97952 0 97952 0 0 97952 1469 96483 4824 X 564979 0 564979 X 4824 0 2948 2215 9987 4100 0 2506 1883 8489 564979 643048 0 0 1208027 0 0 0 0 0 564979 643048 0 0 1208027 3351367 3249872 2678126 2678126 11957491 2889290 2653984 2604742 2604742 10752758 3216 2020 1965 1477 8678 0 0 0 0 X 0 0 RENTAL INCOME 713515 OTHER INCOME 5573 0 0 719088 719088 1A OPERATE AN APARTMENT COMPLEX OF 48 UNITS LOCATED IN SANTA FE, NM FOR ELDERLY PERSONS 1B OPERATE AN APARTMENT COMPLEX OF 48 UNITS LOCATED IN SANTA FE, NM FOR ELDERLY PERSONS 0 0 0 0 0 0 0 0 0 0 ACCOUNTING EXPENSE 21219 0 21219 21219 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 3492 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 105662 SL 10.000000000000 12076 0 12076 REPLACE FURNACES, LIGHTS, ETC. 2016-02-22 72747 72747 SL 7.000000000000 0 0 0 REPLACE APPLIANCES 2016-07-24 36416 36416 SL 5.000000000000 0 0 0 ADDITIONAL PAVING 2017-01-26 6824 5287 SL 10.000000000000 682 0 682 HVAC #16 2021-05-28 2100 1400 SL 5.000000000000 420 0 420 HVAC #27 2021-06-02 1992 1327 SL 5.000000000000 398 0 398 BREAKROOM CABINETS AND COUNTERTOPS 2016-10-31 6064 4850 SL 10.000000000000 606 0 606 LAUNDRY ROOM CABINETS AND COUNTERTOPS 2016-11-30 1854 1466 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 2073 SL 5.000000000000 70 0 70 DESKTOP FOR SERVICE COORDINATOR 2020-01-27 2348 2304 SL 5.000000000000 44 0 44 FORD RANGER 1990-06-01 8999 8999 SL 6.000000000000 0 0 0 HVAC MAINTENANCE BUILDING 2022-04-18 3506 1426 SL 5.000000000000 701 0 701 #40 WATER HEATER 2021-10-05 4208 1754 SL 5.000000000000 842 0 842 #26 WATER HEATER 2021-12-04 1776 735 SL 5.000000000000 355 0 355 #3 & 22 WATER HEATERS 2021-12-30 2527 1042 SL 5.000000000000 505 0 505 #38 WATER HEATER 2022-02-08 1831 752 SL 5.000000000000 366 0 366 #32 ADA SHOWER 2022-02-21 3911 1602 SL 5.000000000000 782 0 782 #30 & 33 WATER HEATERS 2022-05-20 3778 1533 SL 5.000000000000 756 0 756 WATER HEATERS 2 STOCK 2022-05-31 1491 604 SL 5.000000000000 298 0 298 #44 WATER HEATER 2022-05-31 2321 941 SL 5.000000000000 464 0 464 KEY CONTROL SYSTEM 2023-07-10 2133 534 SL 5.000000000000 427 0 427 HVAC REPAIRS 2023-04-30 10054 2849 SL 5.000000000000 2011 0 2011 WATER HEATERS 2023-04-30 18096 5127 SL 5.000000000000 3619 0 3619 #17 WATER HEATER 2023-10-15 2835 567 SL 5.000000000000 567 0 567 #28 WATER HEATER 2024-01-11 2686 403 SL 5.000000000000 537 0 537 ROOF REPLACEMENT 2024-03-04 169949 9914 SL 10.000000000000 16995 0 16995 #8 WATER HEATER 2024-04-12 2616 262 SL 5.000000000000 523 0 523 #36 WATER HEATER 2024-06-27 2583 129 SL 5.000000000000 517 0 517 #31 WATER HEATER 2024-09-19 2715 SL 5.000000000000 543 0 543 LAND 385000 0 385000 PAVED WALKWAY 6228 6228 0 SMOKING SHELTER 4554 4403 151 BUILDINGS 1697700 1697700 0 STORM DOORS 1865 1865 0 FURNACES 3388 3388 0 SECURITY DOORS 2373 2373 0 PARKING LOT REPAVING 120755 117738 3017 REPLACE FURNACES, LIGHTS, ETC. 72747 72747 0 REPLACE APPLIANCES 36416 36416 0 ADDITIONAL PAVING 6824 5969 855 HVAC #16 2100 1820 280 HVAC #27 1992 1725 267 BREAKROOM CABINETS AND COUNTERTOPS 6064 5456 608 LAUNDRY ROOM CABINETS AND COUNTERTOPS 1854 1651 203 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 2143 0 DESKTOP FOR SERVICE COORDINATOR 2348 2348 0 HVAC MAINTENANCE BUILDING 3506 2127 1379 #40 WATER HEATER 4208 2596 1612 #26 WATER HEATER 1776 1090 686 #3 & 22 WATER HEATERS 2527 1547 980 #38 WATER HEATER 1831 1118 713 #32 ADA SHOWER 3911 2384 1527 #30 & 33 WATER HEATERS 3778 2289 1489 WATER HEATERS 2 STOCK 1491 902 589 #44 WATER HEATER 2321 1405 916 KEY CONTROL SYSTEM 2133 961 1172 HVAC REPAIRS 10054 4860 5194 WATER HEATERS 18096 8746 9350 #17 WATER HEATER 2835 1134 1701 #28 WATER HEATER 2686 940 1746 ROOF REPLACEMENT 169949 26909 143040 #8 WATER HEATER 2616 785 1831 #36 WATER HEATER 2583 646 1937 #31 WATER HEATER 2715 543 2172 TENANT SECURITY DEPOSITS 16232 16258 16258 INSURANCE ESCROW 52224 57721 57721 RESERVE FOR REPLACEMENT 269198 290248 290248 RESIDUAL RECEIPTS RESERVE 258234 97850 97850 CONSTRUCTION IN PROGRESS 0 15000 15000 REPAIRS & MAINTENANCE 125873 0 125873 125873 INSURANCE 61855 0 61855 61855 OFFICE EXPENSES 30271 0 30271 30271 UTILITIES 65988 0 65988 65988 INTEREST 58927 0 58927 58927 DUES 400 0 400 400 RENTAL INCOME 713515 713515 OTHER INCOME 5573 5573 TENANT SECURITY DEPOSITS 14982 14846 ACCRUED INTEREST 4990 4843 TAX ADJUSTMENT ACCOUNT 3260 3260 PROPERTY TAXES PAYABLE 21950 21864 MANAGEMENT FEE 36299 0 36299 36299 TAXES AND LICENSES 3017 0 3017 3017 REAL ESTATE TAXES 28328 0 28328 28328