Civic Intelligence

Affordable Communities Inc. Parent Return

990 • Fiscal year 2018 • EIN 30-0053792

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 04, 2019

7420 Greenhaven Drive Suite 125Sacramento, CA 95831

(916) 399-4993

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

93rd percentile

1.01x

Higher debt load relative to assets than 93% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

94th percentile

5.61x

Higher debt load relative to revenue than 94% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

23rd percentile

-4.0%

Higher net margin than 23% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

22nd percentile

$101,141

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Assets

Down

$16,573,420

Down $40,920,373 (-71%) from 2013

Net Assets

Up

-$206,041

Up $433,574 (+68%) from 2013

Liabilities

Down

$16,779,461

Down $41,353,947 (-71%) from 2013

Revenue

Down

$2,992,095

Down $3,770,467 (-56%) from 2013

Expenses

Down

$3,112,946

Down $3,624,553 (-54%) from 2013

Net Income

Down

-$120,851

Down $145,914 (-582%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0-$20MAssets 2010: $39,717,509Liabilities 2010: $40,483,849Net Assets 2010: -$766,3402010Assets 2011: $42,823,468Liabilities 2011: $43,652,445Net Assets 2011: -$828,9772011Assets 2012: $53,186,717Liabilities 2012: $53,864,817Net Assets 2012: -$678,1002012Assets 2013: $57,493,793Liabilities 2013: $58,133,408Net Assets 2013: -$639,6152013Assets 2018: $16,573,420Liabilities 2018: $16,779,461Net Assets 2018: -$206,0412018Assets 2019: $15,943,329Liabilities 2019: $16,169,793Net Assets 2019: -$226,4642019Assets 2020: $15,607,942Liabilities 2020: $15,718,333Net Assets 2020: -$110,3912020Assets 2021: $16,648,405Liabilities 2021: $16,214,847Net Assets 2021: $433,5582021Assets 2022: $56,430,962Liabilities 2022: $55,183,909Net Assets 2022: $1,247,0532022Assets 2023: $56,664,043Liabilities 2023: $54,750,464Net Assets 2023: $1,913,5792023Assets 2024: $57,508,543Liabilities 2024: $53,975,722Net Assets 2024: $3,532,8212024

Highlighted filing

2018

Assets$16,573,420
Liabilities$16,779,461
Net Assets-$206,041

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $4,573,2122010Expenses 2011: $4,617,9972011Expenses 2012: $5,149,3222012Revenue 2013: $6,762,562Expenses 2013: $6,737,499Net Income 2013: $25,0632013Revenue 2018: $2,992,095Expenses 2018: $3,112,946Net Income 2018: -$120,8512018Revenue 2019: $2,762,267Expenses 2019: $2,986,136Net Income 2019: -$223,8692019Revenue 2020: $3,259,617Expenses 2020: $3,143,533Net Income 2020: $116,0842020Revenue 2021: $3,545,544Expenses 2021: $3,272,715Net Income 2021: $272,8292021Revenue 2022: $8,774,223Expenses 2022: $7,610,956Net Income 2022: $1,163,2672022Revenue 2023: $8,523,306Expenses 2023: $7,856,780Net Income 2023: $666,5262023Revenue 2024: $9,047,776Expenses 2024: $7,428,534Net Income 2024: $1,619,2422024

Highlighted filing

2018

Revenue$2,992,095
Expenses$3,112,946
Net Income-$120,851
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 4, 2019
Return Version
2018v3.1
Gross Receipts
$3,046,380
Mission and Program Overview

Mission

To preserve affordable housing, including the development and preservation of affordable mobilehome park and manufactured housing community living.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,189,211$13,876,280▼ $312,931
Cash and Non-Interest-Bearing Accounts$725,102$776,899▲ $51,797
Savings and Temporary Cash Investments$758,857$773,849▲ $14,992
Accounts Receivable$516,487$502,135▼ $14,352
Other Notes and Loans Receivable, Net$437,895$380,507▼ $57,388
Intangible Assets$110,398$98,741▼ $11,657
Prepaid Expenses and Deferred Charges$25,484$23,520▼ $1,964
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$16,892,470$16,573,420▼ $319,050
Other Assets Total$129,036$141,489▲ $12,453
Liabilities
Mortgage Notes Payable Secured by Investment Property$14,967,213$14,712,766▼ $254,447
Other Liabilities$1,115,126$977,652▼ $137,474
Accounts Payable and Accrued Expenses$696,505$913,771▲ $217,266
Deferred Revenue$198,816$175,272▼ $23,544
Total Liabilities$16,977,660$16,779,461▼ $198,199
Net Assets / Fund Balance
Temporarily Rstr Net Assets$273,323$304,088▲ $30,765
Unrestricted Net Assets$-358,513$-510,129▼ $151,616
Total Net Assets Fund Balance$-85,190$-206,041▼ $120,851
Total Liabilities and Net Assets / Fund Balance$16,892,470$16,573,420▼ $319,050

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$6,670,376$3,319,809$9,990,185
Land$6,186,207-$6,186,207
Buildings$975,763$614,065$1,589,828
Other Land Buildings$21,065$42,965$64,030
Equipment$22,869$36,882$59,751
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Diane PriestSec/TreasurerFT$93,750$7,391$101,141

Board Members and Trustees

NameTitle
Maurice A PriestPresident
Bruce KempVice President
Dan HauserDirector
John TennysonDirector
Len CarlsonDirector
Steve CluteDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Maurice PriestConsulting2 Downriver Ct, Sacramento, CA 95831$235,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,720,159
Investment Income
$271,936
Other Revenue
$0
Change in Net Assets
$-120,851
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,558,015
Salaries, Compensation, and Employee Benefits$554,931
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$622,956--$622,956
Depreciation Depletion$326,333$81,583-$407,916
Other Salaries and Wages$262,486$65,621-$328,107
Fees for Services Legal$197,021$49,255-$246,276
Fees for Services Management$124,507$31,127-$155,634
Current Officers, Directors, Trustees, and Key Employees$80,913$20,228-$101,141
Other Employee Benefits$76,777$19,194-$95,971
Fees for Services Accounting$63,958$15,989-$79,947
Insurance$57,263$14,316-$71,579
Other Expenses$60,608$17,755-$60,608
Fees for Services Other$48,597$5,028-$53,625
All Other Expenses$36,720$7,493-$44,213
Occupancy$32,662$8,165-$40,827
Payroll Taxes$23,770$5,942-$29,712
Travel$10,911$2,728-$13,639
Advertising$2,814--$2,814
Office Expenses$1,098$275-$1,373
Total Functional Expenses$2,651,241$461,705$0$3,112,946
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest$880,292
Tenant Security Deposits$97,347
Line of Credit$13
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Maurice A. Priest, President and Director, and Diane Priest, Sec/Treasurer and Director, are husband and wife.

Form 990, Part VI, Line 11B: Form 990 Review Process

The Organization hires an outside CPA firm to prepare the 990, before filing the CPA firm provides a draft copy of the 990 for review and approval by management of the Organization.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Resident Owned Parks Inc
EIN
30-0053792
Phone
9163994993
Address
7420 Greenhaven Drive Suite 125, Sacramento, CA 95831

Signing Officer

Name
Maurice Priest
Title
President
Signed
2019-11-04
Discuss with paid preparer
Yes

Organization Details

Formed
2001
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
5
Employees
24

Preparer

Firm
Russell CPAs
Address
1111 Exposition Blvd Building 100, Sacramento, CA 95815
Preparer
Jason Russell CPA
Phone
9169669366
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IRS990/OtherAssetsTotalGrp/EOYAmt0141489
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt019194
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt076777
IRS990/OtherEmployeeBenefitsGrp/TotalAmt095971
IRS990/OtherExpensesGrp/Desc0Utilities
IRS990/OtherExpensesGrp/Desc1Supplies
IRS990/OtherExpensesGrp/Desc2Repairs & Maintenance
IRS990/OtherExpensesGrp/Desc3Property Taxes
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0117006
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt117755
IRS990/OtherExpensesGrp/ProgramServicesAmt0468024
IRS990/OtherExpensesGrp/ProgramServicesAmt171021
IRS990/OtherExpensesGrp/ProgramServicesAmt282802
IRS990/OtherExpensesGrp/ProgramServicesAmt360608
IRS990/OtherExpensesGrp/TotalAmt0585030
IRS990/OtherExpensesGrp/TotalAmt188776
IRS990/OtherExpensesGrp/TotalAmt282802
IRS990/OtherExpensesGrp/TotalAmt360608
IRS990/OtherLiabilitiesGrp/BOYAmt01115126
IRS990/OtherLiabilitiesGrp/EOYAmt0977652
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt065621
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0262486
IRS990/OtherSalariesAndWagesGrp/TotalAmt0328107
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0437895
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0380507
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05942
IRS990/PayrollTaxesGrp/ProgramServicesAmt023770
IRS990/PayrollTaxesGrp/TotalAmt029712
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt025484
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt023520
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/Desc0Management Fee
IRS990/ProgramServiceRevenueGrp/Desc1Other
IRS990/ProgramServiceRevenueGrp/Desc2Rental
IRS990/ProgramServiceRevenueGrp/Desc3Storage Rents
IRS990/ProgramServiceRevenueGrp/Desc4Utilities Rebilled
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0512759
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17421
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21748031
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt34177
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4447771
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0512759
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17421
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21748031
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt34177
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4447771
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0277193
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02312670
IRS990/PYProgramServiceRevenueAmt02798056
IRS990/PYRevenuesLessExpensesAmt0209197
IRS990/PYSalariesCompEmpBnftPaidAmt0553382
IRS990/PYTotalExpensesAmt02866052
IRS990/PYTotalRevenueAmt03075249
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-120851
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0758857
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0773849
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0975763
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0614065
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01589828
IRS990ScheduleD/EquipmentGrp/BookValueAmt022869
IRS990ScheduleD/EquipmentGrp/DepreciationAmt036882
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt059751
IRS990ScheduleD/LandGrp/BookValueAmt06186207
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt06186207
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt06670376
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03319809
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt09990185
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt021065
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt042965
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt064030
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0880292
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt113
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt297347
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued Interest
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Line of Credit
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Tenant Security Deposits
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013876280
IRS990ScheduleD/TotalLiabilityAmt0977652
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Maurice A. Priest, President and Director, and Diane Priest, Sec/Treasurer and Director, are husband and wife.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization hires an outside CPA firm to prepare the 990, before filing the CPA firm provides a draft copy of the 990 for review and approval by management of the Organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0273323
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0304088
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt016892470
IRS990/TotalAssetsEOYAmt016573420
IRS990/TotalAssetsGrp/BOYAmt016892470
IRS990/TotalAssetsGrp/EOYAmt016573420
IRS990/TotalCompGreaterThan150KInd0false

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