Civic Intelligence

Utah Center for Neighborhood Stabilization

EIN 45-5465651 • 501(c)3 • Midvale, UT

Profile

The utah center for neighborhood stabilization stabilizes neighborhoods through its subsidiary organizations by providing single fmaily and multi-family affordable housing, neighborhood revitalization, and small business lending and investing.

6880 S 700 W 2nd FLMidvale, UT 84047

utsbgi.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

76th percentile

0.58x

Higher debt load relative to assets than 76% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

12.62x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

85th percentile

38%

Higher net margin than 85% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

36th percentile

$280,846

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 11.2% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

96th percentile

61%

Faster asset growth than 96% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

88th percentile

64%

Faster revenue growth than 88% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$54,221,445

Up $18,770,366 (+53%) from 2022

Liabilities

Up

$31,602,574

Up $18,527,379 (+142%) from 2022

Net Assets

Up

$22,618,871

Up $242,987 (+1.1%) from 2022

Revenue

Up

$2,504,696

Up $1,898,763 (+313%) from 2022

Expenses

Up

$1,560,552

Up $902,432 (+137%) from 2022

Net Income

Up

$944,144

Up $996,331 (+1909%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2013: $1,854,316Liabilities 2013: $1,296,212Net Assets 2013: $558,1042013Assets 2014: $2,814,941Liabilities 2014: $2,175,515Net Assets 2014: $639,4262014Assets 2015: $4,207,810Liabilities 2015: $1,015,112Net Assets 2015: $3,192,6982015Assets 2016: $14,702,523Liabilities 2016: $3,991,760Net Assets 2016: $10,710,7632016Assets 2017: $17,243,093Liabilities 2017: $4,488,104Net Assets 2017: $12,754,9892017Assets 2018: $20,337,768Liabilities 2018: $4,897,827Net Assets 2018: $15,439,9412018Assets 2019: $25,628,985Liabilities 2019: $7,611,648Net Assets 2019: $18,017,3372019Assets 2020: $29,560,532Liabilities 2020: $9,601,574Net Assets 2020: $19,958,9582020Assets 2021: $25,024,590Liabilities 2021: $2,228,235Net Assets 2021: $22,796,3552021Assets 2022: $35,451,079Liabilities 2022: $13,075,195Net Assets 2022: $22,375,8842022Assets 2024: $54,221,445Liabilities 2024: $31,602,574Net Assets 2024: $22,618,8712024

Highlighted filing

2024

Assets$54,221,445
Liabilities$31,602,574
Net Assets$22,618,871

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $1,798,258Expenses 2013: $1,366,991Net Income 2013: $431,2672013Revenue 2014: $388,147Expenses 2014: $498,930Net Income 2014: -$110,7832014Revenue 2015: $2,586,906Expenses 2015: $392,308Net Income 2015: $2,194,5982015Revenue 2016: $7,782,925Expenses 2016: $508,247Net Income 2016: $7,274,6782016Revenue 2017: $2,382,936Expenses 2017: $656,088Net Income 2017: $1,726,8482017Revenue 2018: $2,711,155Expenses 2018: $762,677Net Income 2018: $1,948,4782018Revenue 2019: $2,405,562Expenses 2019: $845,047Net Income 2019: $1,560,5152019Revenue 2020: $732,781Expenses 2020: $902,735Net Income 2020: -$169,9542020Revenue 2021: $2,535,036Expenses 2021: $865,955Net Income 2021: $1,669,0812021Revenue 2022: $605,933Expenses 2022: $658,120Net Income 2022: -$52,1872022Revenue 2024: $2,504,696Expenses 2024: $1,560,552Net Income 2024: $944,1442024

Highlighted filing

2024

Revenue$2,504,696
Expenses$1,560,552
Net Income$944,144

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 18, 2025
Return Version
2024v5.2
Gross Receipts
$2,504,696
Mission and Program Overview

Mission

The utah center for neighborhood stabilization stabilizes neighborhoods through its subsidiary organizations by providing single family and multi-family affordable housing, neighborhood revitalization, and small business lending and investing. Ucns serves as an umbrella or parent organization for several entities with the same board of directors and management team.

Facilitating opportunities and innovative solutions to strengthen communities and neighborhoods

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$10,748,394$26,845,971▲ $16,097,577
Cash and Non-Interest-Bearing Accounts$6,097,034$10,488,640▲ $4,391,606
Investments in Publicly Traded Securities$6,467,849$6,647,314▲ $179,465
Savings and Temporary Cash Investments$4,985,293$5,098,737▲ $113,444
Investments Program Related$5,122,314$4,562,118▼ $560,196
Accounts Receivable$134,374$454,639▲ $320,265
Pledges and Grants Receivable$82,535$68,885▼ $13,650
Land, Buildings, and Equipment, Net$14,761$6,218▼ $8,543
Prepaid Expenses and Deferred Charges$4,605$113▼ $4,492
Total Assets$33,671,429$54,221,445▲ $20,550,016
Other Assets Total$14,270$48,810▲ $34,540
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,073,800$20,215,532▲ $17,141,732
Other Liabilities$7,536,364$9,302,936▲ $1,766,572
Accounts Payable and Accrued Expenses$772,273$2,084,106▲ $1,311,833
Total Liabilities$11,382,437$31,602,574▲ $20,220,137
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,867,668$14,947,165▲ $79,497
Net Assets With Donor Restrictions$7,421,324$7,671,706▲ $250,382
Total Net Assets Fund Balance$22,288,992$22,618,871▲ $329,879
Total Liabilities and Net Assets / Fund Balance$33,671,429$54,221,445▲ $20,550,016

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,218$32,216$38,434
Investment Program Related Org$4,562,118--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniel AdamsExecutive DirectorPT$225,000$56,293$281,293
Amy ThorntonChief Operating OfficerPT$143,300$50,066$193,366
Luann SpangenbergLending ManagerPT$111,240-$111,240

Board Members and Trustees

NameTitle
Kimberly ChytrausChairman
Kisty MorrisFormer Chairman
Lee DialVice Chairman
CLAUDIA O'GRADYBoard Member
Danny ShinBoard Member
Jake WoodBoard Member
John RichardsBoard Member
Sharlene WildeBoard Member
Stephen NelsonBoard Member
Tom ChristopulosBoard Member
Eli WillisChief Financial Officer
Missy KeyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Icfo LLCAccounting Services615 SOUTH 175 WEST, Layton, UT 84041$185,583
Revenue and Support

Revenue Composition

Contributions and Grants
$65,476
Program Service Revenue
$1,532,284
Investment Income
$906,936
Other Revenue
$0
All Other Contributions
$65,476
Change in Net Assets
$944,144

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,504,696
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-614,265
Total Revenue per Audited Statements
$1,890,431
Total Revenue per Form 990
$2,504,696
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,207,493
Salaries, Compensation, and Employee Benefits$353,059
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$902,742--$902,742
Current Officers, Directors, Trustees, and Key Employees$110,865$130,098-$240,963
Fees for Services Other$48,781$156,423-$205,204
Other Salaries and Wages$62,211$26,372-$88,583
Occupancy$18,553$9,087-$27,640
Payroll Taxes$8,576$8,657-$17,233
All Other Expenses$2,438$13,965-$16,403
Office Expenses$3,369$9,362-$12,731
Insurance$8,193$4,013-$12,206
Depreciation Depletion$6,834$1,709-$8,543
Other Employee Benefits-$5,744-$5,744
Travel$1,712$2,843-$4,555
Other Expenses$0$1,159-$1,159
Pension Plan Contributions-$536-$536
Total Functional Expenses$1,185,123$375,429$0$1,560,552

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,560,552
Total Expenses per Audited Statements$1,560,552
Total Expenses per Form 990$1,560,552
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-OFFICER OWNS MORE THAN 35% OF THE ENTITYCHIEF FINANCIAL OFFICER'S SERVICESNo$185,583
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advances Payable to Affiliated Nonprofit Organizations$9,302,936
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The board of directors review the form 990 before it is filed with the irs.

Form 990, Part VI, Section B, Line 12C

If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.

Form 990, Part VI, Section B, Line 15A

The executive committee of the board of directors for afforda (f/k/a utah center for neighborhood stabilization) serves as the compensation committee. The compensation committee performs an annual compensation review for the executive director through an annual market analysis which includes review of comparability data, to determine compensation amounts. The same process used by the compensation committee is used by the executive director to determine the compensation amounts for the chief operating officer and chief financial officer.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

FORM 990, PART VII AND 990 PART IX, LINE 5:

Compensation and benefits reported on form 990, part ix, line 5 do not tie in total to what is reported on form 990, part vii. The difference in reporting relates to intercompany transactions and reporting between the organization and its related entities.

Filing and Contact Details

Filer

Filer Name
Afforda
EIN
45-5465651
Phone
8013169111
Address
6880 S 700 W 2ND FL, MIDVALE, UT 84047

Signing Officer

Name
Eli J Willis
Title
Chief Financial Officer
Phone
8013169111
Signed
2025-09-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Adams
Formed
2012
Legal Domicile
Ut
Voting Board Members
11
Independent Board Members
11
Employees
4
Volunteers
14

Preparer

Firm
Eide Bailly Llp
Address
5 TRIAD CENTER STE 600, SALT LAKE CITY, UT 84180-1106
Preparer
Kyle Fritch CPA
Phone
8015322200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other professional: program service expenses 48,781. Management and general expenses 156,423. Fundraising expenses 0. Total expenses 205,204.

Financial Statement Notes

PART X, LINE 2:

Afforda believes that it has appropriate support for any tax positions taken affecting its annual filing requirements and, as such, does not have any uncertain tax positions that are material to the consolidated financial statements. Afforda would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
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IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt14LENDING MANAGER
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IRS990/MissionDesc0AFFORDA STABILIZES NEIGHBORHOODS THROUGH ITS SUBSIDIARY ORGANIZATIONS BY PROVIDING SINGLE FAMILY AND MULTI-FAMILY AFFORDABLE HOUSING, NEIGHBORHOOD REVITALIZATION, AND SMALL BUSINESS LENDING AND INVESTING. AFFORDA SERVES AS AN UMBRELLA OR PARENT ORGANIZATION FOR SEVERAL ENTITIES WITH THE SAME BOARD OF DIRECTORS AND MANAGEMENT TEAM.
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IRS990/ProgSrvcAccomActy2Grp/Desc0AFFORDA, THROUGH ITS SUBSIDIARY ORGANIZATIONS PROVIDES SINGLE FAMILY AND MULTI-FAMILY AFFORDABLE HOUSING AND NEIGHBORHOOD REVITALIZATION.
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IRS990/ProgSrvcAccomActy3Grp/Desc0UTAH SMALL BUSINESS GROWTH INITIATIVE (USBGI) IS A LIMITED LIABILITY COMPANY ORGANIZED IN THE STATE OF UTAH ON JUNE 11, 2012 FOR THE PURPOSE OF CREATING JOBS AND STABILIZING UTAH'S NEIGHBORHOODS BY PROVIDING GROWING BUSINESSES WITH ACCESS TO CAPITAL. USBGI'S PROGRAM SERVICES INCLUDE, A) PROVIDING EARLY STAGE INVESTMENT CAPITAL, B) FACILITATING LOAN GUARANTEES TO SMALL BUSINESSES BETWEEN FINANCIAL INSTITUTIONS AND THE STATE OF UTAH, AND C) PARTICIPATING IN LOANS ALONGSIDE OTHER FINANCIAL INSTITUTIONS. TO DATE, USBGI HAS BEEN ABLE TO LEVERAGE APPROXIMATELY $8.5 MILLION IN FUNDS TO GIVE SMALL BUSINESSES ACCESS TO APPROXIMATELY $50 MILLION IN CAPITAL TO HELP GROW THEIR BUSINESSES. THAT CAPITAL WAS REPORTED TO HAVE HELPED TO CREATE APPROXIMATELY 550 JOBS AND RETAIN APPROXIMATELY 1,800 JOBS. CAPITAL HAS BEEN MADE AVAILABLE TO WOMEN-OWNED AND MINORITY-OWNED BUSINESSES IN LOW-INCOME AND RURAL AREAS. USBGI IS A WHOLLY-OWNED SUBSIDIARY OF THE NONPROFIT AFFORDA. AFFORDA SERVES AS AN UMBRELLA ORGANIZATION FOR SEVERAL DIFFERENT ENTITIES IN ADDITION TO USBGI.
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