Civic Intelligence

Resident Owned Parks Inc Group

EIN 47-3480410 • 501(c)3 • Sacramento, CA

Profile

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

7420 Greenhaven Drive Suite 125Sacramento, CA 95831

www.affordablecommunitiesinc.com

Siviq Scores

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

Liabilities / Assets

89th percentile

0.88x

Higher debt load relative to assets than 89% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

5.78x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

74th percentile

19%

Higher net margin than 74% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

33rd percentile

1.1%

Faster asset growth than 33% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

31st percentile

-0.4%

Faster revenue growth than 31% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$36,507,094

Up $394,617 (+1.1%) from 2023

Liabilities

Down

$32,223,798

Down $647,316 (-2.0%) from 2023

Net Assets

Up

$4,283,296

Up $1,041,933 (+32%) from 2023

Revenue

Down

$5,579,477

Down $22,634 (-0.4%) from 2023

Expenses

Down

$4,537,544

Down $151,795 (-3.2%) from 2023

Net Income

Up

$1,041,933

Up $129,161 (+14%) from 2023

Trend Graphs

Balance Sheet Trend

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

$80M$60M$40M$20M$0-$20MAssets 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 2014: $57,301,994Liabilities 2014: $57,910,724Net Assets 2014: -$608,7302014Assets 2015: $56,640,223Liabilities 2015: $57,319,129Net Assets 2015: -$678,9062015Assets 2016: $55,835,059Liabilities 2016: $56,345,604Net Assets 2016: -$510,5452016Assets 2017: $53,022,202Liabilities 2017: $52,382,952Net Assets 2017: $639,2502017Assets 2018: $43,523,425Liabilities 2018: $43,804,766Net Assets 2018: -$281,3412018Assets 2019: $46,739,644Liabilities 2019: $46,735,522Net Assets 2019: $4,1222019Assets 2020: $61,528,178Liabilities 2020: $61,121,187Net Assets 2020: $406,9912020Assets 2021: $73,117,856Liabilities 2021: $71,954,037Net Assets 2021: $1,163,8192021Assets 2022: $35,297,780Liabilities 2022: $32,969,191Net Assets 2022: $2,328,5892022Assets 2023: $36,112,477Liabilities 2023: $32,871,114Net Assets 2023: $3,241,3632023Assets 2024: $36,507,094Liabilities 2024: $32,223,798Net Assets 2024: $4,283,2962024

Highlighted filing

2024

Assets$36,507,094
Liabilities$32,223,798
Net Assets$4,283,296

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $4,555,360Expenses 2011: $4,617,997Net Income 2011: -$62,6372011Revenue 2012: $5,300,199Expenses 2012: $5,149,322Net Income 2012: $150,8772012Revenue 2013: $6,762,562Expenses 2013: $6,737,499Net Income 2013: $25,0632013Revenue 2014: $7,217,102Expenses 2014: $7,478,428Net Income 2014: -$261,3262014Revenue 2015: $7,034,741Expenses 2015: $7,266,439Net Income 2015: -$231,6982015Revenue 2016: $7,375,125Expenses 2016: $7,395,608Net Income 2016: -$20,4832016Revenue 2017: $8,458,196Expenses 2017: $7,308,401Net Income 2017: $1,149,7952017Revenue 2018: $5,095,847Expenses 2018: $4,341,350Net Income 2018: $754,4972018Revenue 2019: $4,849,453Expenses 2019: $4,448,907Net Income 2019: $400,5462019Revenue 2020: $5,998,949Expenses 2020: $5,596,080Net Income 2020: $402,8692020Revenue 2021: $8,641,383Expenses 2021: $7,613,435Net Income 2021: $1,027,9482021Revenue 2022: $5,500,262Expenses 2022: $4,685,264Net Income 2022: $814,9982022Revenue 2023: $5,602,111Expenses 2023: $4,689,339Net Income 2023: $912,7722023Revenue 2024: $5,579,477Expenses 2024: $4,537,544Net Income 2024: $1,041,9332024

Highlighted filing

2024

Revenue$5,579,477
Expenses$4,537,544
Net Income$1,041,933

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$36.5$32.2$4.28$5.58$4.54$1.04
2023Detailed filing. Detailed filing data is available for this year.$36.1$32.9$3.24$5.60$4.69$0.91
2022Detailed filing. Detailed filing data is available for this year.$35.3$33.0$2.33$5.50$4.69$0.81
2021Detailed filing. Detailed filing data is available for this year.$73.1$72.0$1.16$8.64$7.61$1.03
2020Detailed filing. Detailed filing data is available for this year.$61.5$61.1$0.41$6.00$5.60$0.40
2019Detailed filing. Detailed filing data is available for this year.$46.7$46.7$0.00$4.85$4.45$0.40
2018Detailed filing. Detailed filing data is available for this year.$43.5$43.8$0.28$5.10$4.34$0.75
2017Detailed filing. Detailed filing data is available for this year.$53.0$52.4$0.64$8.46$7.31$1.15
2016Detailed filing. Detailed filing data is available for this year.$55.8$56.3$0.51$7.38$7.40$0.02
2015Detailed filing. Detailed filing data is available for this year.$56.6$57.3$0.68$7.03$7.27$0.23
2014Detailed filing. Detailed filing data is available for this year.$57.3$57.9$0.61$7.22$7.48$0.26
2013Summary only. Only limited summary data is available for this year.$57.5$58.1$0.64$6.76$6.74$0.03
2012Summary only. Only limited summary data is available for this year.$53.2$53.9$0.68$5.30$5.15$0.15
2011Summary only. Only limited summary data is available for this year.$42.8$43.7$0.83$4.56$4.62$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 29, 2025
Return Version
2024v5.1
Gross Receipts
$5,579,477
Mission and Program Overview

Mission

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

Resident Owned Parks, Inc. legally changed its name to Affordable Communities, Inc., (the Organization) in 2024. The Organization is a California nonprofit public benefit corporation whose goals include providing and maintaining quality, affordable housing through the acquisition of mobile home parks, and the development of affordable housing communities. The Organization encourages and empower its residents to take an active role in budget and management decisions; provide enhanced maintenance and services; and to ensure that its communities remain valuable sources of quality affordable housing. With the increasing number of households on fixed or limited incomes and with the scarcity of reliable, long-term, reasonably priced housing, the Organization endeavors to create vibrant communities where quality of life, resident involvement, and caring are priorities. The Organization is supported primarily through monthly rental payments from residents through month-to-month lease agreement

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$32,127,833$32,349,977▲ $222,144
Cash and Non-Interest-Bearing Accounts$938,965$2,179,710▲ $1,240,745
Savings and Temporary Cash Investments$1,133,398$1,235,178▲ $101,780
Intangible Assets$606,052$557,574▼ $48,478
Loans From Officers Directors$128,939$180,349▲ $51,410
Accounts Receivable$1,257,718$86,095▼ $1,171,623
Investments Program Related-$51,309-
Prepaid Expenses and Deferred Charges$48,511$47,251▼ $1,260
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$36,112,477$36,507,094▲ $394,617
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$23,475,677$23,127,357▼ $348,320
Tax Exempt Bond Liabilities$8,125,000$8,045,000▼ $80,000
Other Liabilities$438,651$423,912▼ $14,739
Accounts Payable and Accrued Expenses$681,079$405,599▼ $275,480
Deferred Revenue$21,768$41,581▲ $19,813
Total Liabilities$32,871,114$32,223,798▼ $647,316
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,107,965$3,048,118▲ $940,153
Net Assets With Donor Restrictions$1,133,398$1,235,178▲ $101,780
Total Net Assets Fund Balance$3,241,363$4,283,296▲ $1,041,933
Total Liabilities and Net Assets / Fund Balance$36,112,477$36,507,094▲ $394,617

Asset Categories

AssetBook ValueDepreciationBasis
Land$28,787,368-$28,787,368
Buildings$2,144,674$1,075,326$3,220,000
Leasehold Improvements$994,079$95,587$1,089,666
Equipment$423,856$54,845$478,701
Other Land Buildings-$7,971$7,971
Investment Program Related Org$51,309--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Diane PriestCOO/Sec/TreaPT$146,270$146,270

Board Members and Trustees

NameTitle
Maurice A PriestPresident
Dan HauserDirector
John TennysonDirector
Steve CluteDirector
Timothy StenvickDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Clearinghouse CDFISecured Lender23861 El Toro Rd Suite 401, Lake Forest, CA 92630$690,074
Washington Community Reinvestment AssociationSecured Lender1200 Fifth Ave Suite 1406, Seattle, WA 98101$456,678
Northstar Environmental RemediationConstruction26225 Enterprise Ct, Lake Forest, CA 92630$452,117
California Municipal Finance Authority CMFAInterest & Principal2111 Palomar Airport Rd Suite 320, Carlsbad, CA 92011$402,030
Jims PavingConstruction911 Lakeville Road Suite 227, Petaluma, CA 94952$225,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,530,969
Investment Income
$48,508
Other Revenue
$0
Change in Net Assets
$1,041,933

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,579,477
Revenue Not Reported on Form 990
$8,523,767
Total Revenue per Audited Statements
$14,103,244
Total Revenue per Form 990
$5,579,477
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,946,598
Salaries, Compensation, and Employee Benefits$590,946
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$1,499,028--$1,499,028
Other Salaries and Wages$421,207--$421,207
Fees for Services Management$407,211--$407,211
Depreciation Depletion$216,746--$216,746
Fees for Services Other$171,906$472-$172,378
Fees for Services Accounting$125,614$31,403-$157,017
Insurance$139,126--$139,126
Other Employee Benefits$133,650--$133,650
All Other Expenses$60,781$4,779-$65,560
Other Expenses$64,666$18,550-$64,666
Payroll Taxes$34,140--$34,140
Information Technology$10,974$2,743-$13,717
Fees for Services Legal$9,887$2,472-$12,359
Office Expenses$4,223$1,056-$5,279
Travel$3,082$770-$3,852
Occupancy-$2,753-$2,753
Pension Plan Contributions$1,949--$1,949
Advertising$77--$77
Total Functional Expenses$4,445,161$92,383$0$4,537,544

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$11,424,250
Expenses Not Reported on Form 990$6,886,706
Expenses per Audited Statements$4,537,544
Total Expenses per Form 990$4,537,544
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
-Parent OrgManagement FeesNo$407,211
-DirectorLegal counselNo$12,334

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$128,939$180,349▲ $51,410
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest$264,032
Tenant Security Deposits$159,880

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACalifornia Municipal Fina2020-02-01$7,960,000Purchase of Royal York
BCalifornia Municipal Fina2020-02-01$385,000Purchase of Royal York

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$7,960,000$7,349,998$300,000$155,356
B$385,000--$255,851

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
Yes
Gross proceeds invested
Yes
Gross proceeds invested in GIC
No
Exception to rebate
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

Maurice A. Priest, President and Executive Director, and Diane Priest, COO/Secretary/Treasurer and Director, are husband and wife.

Form 990, Part VI, Section A, Line 3

All subordinate organizations are managed by the parent organization, a monthly fee for managed services is paid by the subordinate organization to the parent for these services. All subordinate organizations are managed as one entity at the parent level.

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

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, Section C, Line 18

Consolidated audited financial, which include the activities of the parent reported on a separate 990, are available upon written request.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Affordable Communities Inc Group
EIN
47-3480410
Phone
9163994993
Address
7420 Greenhaven Drive Suite 125, Sacramento, CA 95831

Signing Officer

Name
Maurice A Priest
Title
President & CEO
Signed
2025-05-29
Discuss with paid preparer
Yes

Organization Details

Formed
2001
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
4
Employees
10

Preparer

Firm
Sacramento Accounting & Advisory Group LLP
Address
1111 Exposition Blvd Ste 100, Sacramento, CA 95815
Preparer
Jason Russell CPA
Phone
9169669366
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Organization and all wholly owned separate legal entities are exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code (Code) and California Revenue and Taxation Code Section 23701(d). Accordingly, no provision for federal or state income taxes are included in the consolidated financial statements or on the separate tax returns. In addition, the Organization has been determined by the Internal Revenue Service not to be a private foundation within the meaning of Section 509(a) of the Code. Accounting standards require an organization to evaluate its tax positions and provide for a liability for any positions that would not be considered more likely than not to be upheld under a tax authority examination. Management has evaluated its tax positions and has concluded that a provision for a tax liability is not necessary for the years ended December 31, 2024 and 2023.Generally, information returns remain open for examination for a period of three (federal) or four (state of California) years from the date of filing. The IRS recognizes a group of organizations as tax-exempt if they are affiliated with a central organization. This avoids the need for each of the organizations to apply for exemption individually. A group exemption letter from the IRS has the same effect as an individual exemption letter except that it applies to more than one organization. The five corporations which are legally separate entities from the Parent Organization are exempt from taxation under the Organization's group exemption granted September 23, 2010.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Income reported on Parent 990 $9047776 Consolidated revenue eliminated for audi $-524009

Part XII, Line 2D: Other expenses and losses per audited F/S

Expenses reported on Parent 990 $7428534 Consolidated expenses eliminated for aud $-541828

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IRS990/MissionDesc0Resident Owned Parks, Inc. legally changed its name to Affordable Communities, Inc., (the Organization) in 2024. The Organization is a California nonprofit public benefit corporation whose goals include providing and maintaining quality, affordable housing through the acquisition of mobile home parks, and the development of affordable housing communities. The Organization encourages and empower its residents to take an active role in budget and management decisions; provide enhanced maintenance and services; and to ensure that its communities remain valuable sources of quality affordable housing. With the increasing number of households on fixed or limited incomes and with the scarcity of reliable, long-term, reasonably priced housing, the Organization endeavors to create vibrant communities where quality of life, resident involvement, and caring are priorities. The Organization is supported primarily through monthly rental payments from residents through month-to-month lease agreement
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