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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.
Source: IRS Form 990 (Tax Year 2025)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$2.5M
Program Spending
95%
of total expenses go to program services
Total Contributions
$245.8K
Total Expenses
▼$4.7M
Total Assets
$24.3M
Total Liabilities
▼$16.8M
Net Assets
$7.5M
Officer Compensation
→$210.7K
Other Salaries
$271.1K
Investment Income
$325.3K
Fundraising
▼N/A
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2025 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: SOUNK
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $2.5M | $245.8K | $4.7M | $24.3M | $7.5M |
| 2023IRS e-File | $4M | $1.6M | $2.2M | $28.6M | $9.7M |
| 2022 | $2.6M | $17.5K | $2.1M | $30.1M | $7.6M |
| 2021 | $2.3M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2025 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2024 | 990 | IRS e-File | |
| 2023 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2025)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Teresa Costantinidis | Chief Executive Officer | 1 | $0 | $346.8K | $134.7K | $481.5K |
| Shawna Wolfe | Chief Business Officer | 1 | $0 | $246.7K | $80.7K | $327.4K |
| Paul Blanchard | Chair | 1 | $0 | $0 | $0 | $0 |
| Stephen J Ciepiela | Vice Chair | 1 | $0 | $0 | $0 | $0 |
| Rick Siegel | Secretary/treasurer | 1 | $0 | $0 | $0 | $0 |
| William Payne | Chair (through 09/01/2024) | 1 | $0 | $0 | $0 | $0 |
Teresa Costantinidis
Chief Executive Officer
$481.5K
Hrs/Wk
1
Compensation
$0
Related Orgs
$346.8K
Other
$134.7K
Shawna Wolfe
Chief Business Officer
$327.4K
Hrs/Wk
1
Compensation
$0
Related Orgs
$246.7K
Other
$80.7K
Paul Blanchard
Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Stephen J Ciepiela
Vice Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Rick Siegel
Secretary/treasurer
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
William Payne
Chair (through 09/01/2024)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| David Campbell | Executive Director (through 3/31/25) | 40 | $241.9K | $0 | $15.4K | $257.3K |
| Keelie Garcia | Director Of Operations | 40 | $131.6K | $0 | $20.9K | $152.5K |
David Campbell
Executive Director (through 3/31/25)
$257.3K
Hrs/Wk
40
Compensation
$241.9K
Related Orgs
$0
Other
$15.4K
Keelie Garcia
Director Of Operations
$152.5K
Hrs/Wk
40
Compensation
$131.6K
Related Orgs
$0
Other
$20.9K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Douglas Ziedonis | Director (through 08/01/2024) | 1 | $0 | $876.2K | $73.8K | $950K |
| Eddie Nunez | Director (through 08/01/2024) | 1 | $0 | $347.2K | $64.5K | $411.6K |
| Eric K Eggins | Director | 1 | $0 | $0 | $0 | $0 |
| Fernando Lovo | Director | 1 | $0 | $85.8K | $8,843 | $94.7K |
| Garnett Stokes | Director | 1 | $0 | $625.1K | $158.3K | $783.3K |
| James Holloway |
Douglas Ziedonis
Director (through 08/01/2024)
$950K
Hrs/Wk
1
Compensation
$0
Related Orgs
$876.2K
Other
$73.8K
Eddie Nunez
Director (through 08/01/2024)
$411.6K
Hrs/Wk
1
Compensation
$0
Related Orgs
$347.2K
Other
$64.5K
Eric K Eggins
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $65.6K |
| $2.4M |
| $20.7M |
| $7M |
| 2020 | $2.5M | $0 | $2M | $21.2M | $7.1M |
| 2019 | $2.4M | $0 | $2.1M | $21.5M | $6.6M |
| 2018 | $3.6M | $0 | $1.9M | $21.4M | $6.3M |
| 2017 | $3.7M | $192.9K | $1.7M | $20.1M | $4.6M |
| 2016 | $2.9M | $0 | $2M | $17.7M | $2.6M |
| 2015 | $3.9M | $0 | $2.4M | $28.3M | $1.7M |
| 2014 | $2.8M | $0 | $3M | $27.4M | $222.9K |
| 2013 | $1.2M | $0 | $1.9M | $28.2M | $451.5K |
| 2012 | $2M | $0 | $1.4M | $1.3M | $1.2M |
| 2011 | $1.1M | $0 | $621.6K | $1.1M | $570.9K |
| 2022 | 990 | DataIRS e-File |
| 2021 | 990 | Data | PDF not yet published by IRS |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990-EZ | — |
| 2009 | 990-EZ | — |
| 2008 | 990 | — |
| Director |
| 1 |
| $0 |
| $392K |
| $148.6K |
| $540.6K |
| Louis Abruzzo | Director | 1 | $0 | $0 | $0 | $0 |
| Michael R Richards | Director | 1 | $0 | $743.5K | $128.4K | $871.8K |
| Victor Reyes | Director | 1 | $0 | $0 | $0 | $0 |
Fernando Lovo
Director
$94.7K
Hrs/Wk
1
Compensation
$0
Related Orgs
$85.8K
Other
$8,843
Garnett Stokes
Director
$783.3K
Hrs/Wk
1
Compensation
$0
Related Orgs
$625.1K
Other
$158.3K
James Holloway
Director
$540.6K
Hrs/Wk
1
Compensation
$0
Related Orgs
$392K
Other
$148.6K
Louis Abruzzo
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Michael R Richards
Director
$871.8K
Hrs/Wk
1
Compensation
$0
Related Orgs
$743.5K
Other
$128.4K
Victor Reyes
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0