Civic Intelligence

Affordable Communities Inc.

990 • Fiscal year 2015 • EIN 81-0541460

Jan 01, 2015 to Dec 31, 2015 • Filed on Mar 25, 2016

Organization ProfileN/A
4385 San Luis WayBroomfield, CO 80023

(303) 403-5420

Siviq Scores

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

Liabilities / Assets

85th percentile

0.76x

Higher debt load relative to assets than 85% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

93rd percentile

4.29x

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

14th percentile

-15%

Higher net margin than 14% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

23rd percentile

$50,000

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

27th percentile

-3.3%

Faster asset growth than 27% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

34th percentile

-1.7%

Faster revenue growth than 34% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$5,407,703

Down $186,301 (-3.3%) from 2014

Net Assets

Down

$1,285,836

Down $85,948 (-6.3%) from 2014

Liabilities

Down

$4,121,867

Down $100,353 (-2.4%) from 2014

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin14th percentile

Revenue

Down

$960,666

Down $16,975 (-1.7%) from 2014

Expenses

Up

$1,108,868

Up $127,828 (+13%) from 2014

Net Income

Down

-$148,202

Down $144,803 (-4260%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $3,550,615Liabilities 2010: $2,633,973Net Assets 2010: $916,6422010Assets 2011: $6,941,635Liabilities 2011: $5,483,991Net Assets 2011: $1,457,6442011Assets 2012: $6,663,719Liabilities 2012: $5,203,646Net Assets 2012: $1,460,0732012Assets 2013: $6,507,320Liabilities 2013: $4,985,409Net Assets 2013: $1,521,9112013Assets 2014: $5,594,004Liabilities 2014: $4,222,220Net Assets 2014: $1,371,7842014Assets 2015: $5,407,703Liabilities 2015: $4,121,867Net Assets 2015: $1,285,8362015Assets 2016: $5,320,122Liabilities 2016: $3,950,451Net Assets 2016: $1,369,6712016Assets 2017: $5,161,346Liabilities 2017: $3,844,787Net Assets 2017: $1,316,5592017Assets 2018: $5,002,054Liabilities 2018: $3,778,863Net Assets 2018: $1,223,1912018Assets 2019: $4,799,509Liabilities 2019: $3,706,011Net Assets 2019: $1,093,4982019Assets 2020: $4,759,223Liabilities 2020: $3,645,353Net Assets 2020: $1,113,8702020Assets 2021: $4,637,094Liabilities 2021: $3,538,493Net Assets 2021: $1,098,6012021Assets 2022: $4,479,492Liabilities 2022: $3,449,912Net Assets 2022: $1,029,5802022Assets 2023: $4,435,396Liabilities 2023: $3,456,794Net Assets 2023: $978,6022023Assets 2024: $4,173,934Liabilities 2024: $3,368,499Net Assets 2024: $805,4352024

Highlighted filing

2015

Assets$5,407,703
Liabilities$4,121,867
Net Assets$1,285,836
Open 2015 Filing

Operations Trend

Revenue Growth34th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $380,4412010Expenses 2011: $670,9582011Expenses 2012: $1,055,1442012Revenue 2013: $1,111,895Expenses 2013: $1,024,327Net Income 2013: $87,5682013Revenue 2014: $977,641Expenses 2014: $981,040Net Income 2014: -$3,3992014Revenue 2015: $960,666Expenses 2015: $1,108,868Net Income 2015: -$148,2022015Revenue 2016: $1,107,139Expenses 2016: $1,023,304Net Income 2016: $83,8352016Revenue 2017: $1,082,532Expenses 2017: $1,136,741Net Income 2017: -$54,2092017Revenue 2018: $1,124,215Expenses 2018: $1,218,338Net Income 2018: -$94,1232018Revenue 2019: $1,238,233Expenses 2019: $1,332,493Net Income 2019: -$94,2602019Revenue 2020: $1,229,878Expenses 2020: $1,217,372Net Income 2020: $12,5062020Revenue 2021: $1,273,802Expenses 2021: $1,288,920Net Income 2021: -$15,1182021Revenue 2022: $1,257,302Expenses 2022: $1,325,970Net Income 2022: -$68,6682022Revenue 2023: $1,444,890Expenses 2023: $1,428,733Net Income 2023: $16,1572023Revenue 2024: $1,355,821Expenses 2024: $1,581,152Net Income 2024: -$225,3312024

Highlighted filing

2015

Revenue$960,666
Expenses$1,108,868
Net Income-$148,202
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Mar 25, 2016
Return Version
2015v2.0
Gross Receipts
$960,666
Mission and Program Overview

Mission

Affordable communities,inc. Is a non-profit housing corporation created to provide affordable housing to low and moderate income families and individuals in the denver metro area and lamar, colorado.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,853,560$4,636,710▼ $216,850
Savings and Temporary Cash Investments$384,815$467,674▲ $82,859
Cash and Non-Interest-Bearing Accounts$197,135$101,748▼ $95,387
Loans From Officers Directors$50,870$50,870→ $0
Prepaid Expenses and Deferred Charges$23,357$23,973▲ $616
Accounts Receivable$12,620$17,617▲ $4,997
Intangible Assets$16,421$15,489▼ $932
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 Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$5,594,004$5,407,703▼ $186,301
Other Assets Total$106,096$144,492▲ $38,396
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,020,798$3,934,684▼ $86,114
Accounts Payable and Accrued Expenses$127,869$105,824▼ $22,045
Other Liabilities$22,683$30,489▲ $7,806
Total Liabilities$4,222,220$4,121,867▼ $100,353
Net Assets / Fund Balance
Temporarily Rstr Net Assets$722,256$752,249▲ $29,993
Unrestricted Net Assets$649,528$533,587▼ $115,941
Total Net Assets Fund Balance$1,371,784$1,285,836▼ $85,948
Total Liabilities and Net Assets / Fund Balance$5,594,004$5,407,703▼ $186,301

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,248,661$1,395,479$4,644,140
Leasehold Improvements$1,094,823-$1,094,823
Other Land Buildings$167,163-$167,163
Land$126,063-$126,063
Compensation and Service Providers
Top Officer Pay23rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Alan M FeinsteinVice PresidentPT$50,000$50,000
Ed BigaPresidentPT$50,000$50,000

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$537,674
Program Service Revenue
$420,429
Investment Income
$2,555
Other Revenue
$8
Change in Net Assets
$-148,202

Audited Revenue Reconciliation

Revenue per Audited Statements
$960,666
Total Revenue per Audited Statements
$960,666
Total Revenue per Form 990
$960,666
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$860,835
Salaries, Compensation, and Employee Benefits$248,033
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$265,668--$265,668
Occupancy$187,480--$187,480
Other Salaries and Wages$118,025--$118,025
Fees for Services Management$109,246--$109,246
Current Officers, Directors, Trustees, and Key Employees-$100,000-$100,000
Interest-$54,125-$54,125
Insurance$44,767--$44,767
All Other Expenses$20,322$9,481-$29,803
Fees for Services Accounting-$21,805-$21,805
Office Expenses$19,132--$19,132
Other Employee Benefits$17,280--$17,280
Other Expenses$13,153--$13,153
Payroll Taxes$12,728--$12,728
Fees for Services Legal-$3,307-$3,307
Advertising$3,226--$3,226
Total Functional Expenses$920,150$188,718$0$1,108,868

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,108,868
Total Expenses per Audited Statements$1,108,868
Total Expenses per Form 990$1,108,868
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
Loans from Officers, Directors, Trustees, and Key Employees$50,870$50,870→ $0
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$21,885
Prepaid rents$8,604
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
Yes
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 11B: Form 990 Review Process

“Non-profit Tax Return is reviewed with our tax return preparer and all governing members of organization prior to submission of Form 990 to the Internal Revenue Service.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Board Members regularly discuss and consistently monitor all issues related to all forms of involvement with the organization and discuss any potential conflicts of interest as needed.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Board members review all matters involving compensation of officers.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“Board members review all matters involving compensation of all other employees.”

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

“The organization makes all its governing documents including conflict of interest policy and financial statements available to the public upon written request to the Board of Directors.”

Filing and Contact Details

Filer

Filer Name
Affordable Communities Inc
EIN
81-0541460
Phone
3034035420
Address
4385 San Luis Way, Broomfield, CO 80023

Signing Officer

Name
Alan M Feinstein
Title
CFO
Signed
2016-03-25
Discuss with paid preparer
Yes

Organization Details

Formed
2001
Legal Domicile
Co
Voting Board Members
2
Independent Board Members
0
Employees
0

Preparer

Firm
Terry & Company Pc
Address
PO Box 3896, Greenwood Village, CO 80155-3896
Preparer
Alan Terry CPA
Phone
3036945055
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“PY adjustment to balance due to / from accounts = $62254”

Raw XML AppendixShowing 400 of 492 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0420429
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0420429
IRS990/ProgSrvcAccomActy2Grp/Desc0The organization's exempt purpose achievements is to acquire Boulevard Garden Apartments (a 40-unit project on South Federal Boulevard in Denver, Colorado) under the Neighborhood Stabilization Program 2 (NSP2) and to rent the apartments to low and moderate income families and individuals. Presently twenty(20)of the units are restricted to households with income at or below 50% of the area media income (AMI), 16 of the units are restricted at the lesser of the fair market rent for comparable units in the area as established by HUD or 30% of the income of households at 80% of AMI, and the remaining 4 unit are restricted to households with incomes not exceeding 120% of the AMI.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0275717
IRS990/ProgSrvcAccomActy3Grp/Desc0The organizations's exempt purpose achievements is to acquire Morrison Road Apartments (a 19-unit affordable housing project located in Denver, Colorado) under the Neighborhood Stabilization Program (NSP)and to rent the apartments to low and moderate income families and individuals. Currently two units are HOME-assisted units and 17 units are "low NSP Units."
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0217039
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0528643
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03706
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0762079
IRS990/PYOtherRevenueAmt035818
IRS990/PYProgramServiceRevenueAmt0409474
IRS990/PYRevenuesLessExpensesAmt0-3399
IRS990/PYSalariesCompEmpBnftPaidAmt0218961
IRS990/PYTotalExpensesAmt0981040
IRS990/PYTotalRevenueAmt0977641
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-148202
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0384815
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0467674
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0537674
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0528643
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0459711
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0388105
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0380576
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02294709
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02555
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03706
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt05096
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt013555
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt08833
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt033745
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0420429
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0409474
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0515651
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0519052
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0197553
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02062159
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02555
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03706
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt05096
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt013555
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt08833
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt033745
IRS990ScheduleA/InvestmentIncomeCYPct00.00720
IRS990ScheduleA/InvestmentIncomePYPct00.00850
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt08
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt035818
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0131437
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt056755
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt084669
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0308687
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.92710
IRS990ScheduleA/PublicSupportPY509Pct00.91870
IRS990ScheduleA/PublicSupportTotal509Amt04356868
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0958103
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0938117
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0975362
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0907157
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0578129
IRS990ScheduleA/Total509Grp/TotalAmt04356868
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0960666
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0977641
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01111895
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0977467
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0671631
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04699300
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt03248661
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01395479
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04644140
IRS990ScheduleD/ExpensesSubtotalAmt01108868
IRS990ScheduleD/LandGrp/BookValueAmt0126063
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0126063
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01094823
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01094823
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0167163
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0167163
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08604
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt121885
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Prepaid rents
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Tenant Security Deposits
IRS990ScheduleD/RevenueSubtotalAmt0960666
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04636710
IRS990ScheduleD/TotalExpensesPerForm990Amt01108868
IRS990ScheduleD/TotalLiabilityAmt030489
IRS990ScheduleD/TotalRevenuePerForm990Amt0960666
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0960666
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01108868
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt025435
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt125435
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Operatio
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Operatio
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt025435
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt125435
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Alan Feinstein
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Ed Biga
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0VP
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Presiden
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1false
IRS990ScheduleL/TotalBalanceDueAmt050870
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Non-profit Tax Return is reviewed with our tax return preparer and all governing members of organization prior to submission of Form 990 to the Internal Revenue Service.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board Members regularly discuss and consistently monitor all issues related to all forms of involvement with the organization and discuss any potential conflicts of interest as needed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board members review all matters involving compensation of officers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board members review all matters involving compensation of all other employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization makes all its governing documents including conflict of interest policy and financial statements available to the public upon written request to the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PY adjustment to balance due to / from accounts = $62254
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0Affordable Communities Inc
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0NORMANDY COMMUNITIES LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0810541460
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt01524024
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0CO
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0Low Income Rentals

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,407,703
Liabilities
$4,121,867
Net assets
$1,285,836
Revenue
$960,666
Expenses
$1,108,868
Net income
-$148,202
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.17$3.37$0.81$1.36$1.58$0.23
2023Detailed filing. Detailed filing data is available for this year.$4.44$3.46$0.98$1.44$1.43$0.02
2022Detailed filing. Detailed filing data is available for this year.$4.48$3.45$1.03$1.26$1.33$0.07
2021Detailed filing. Detailed filing data is available for this year.$4.64$3.54$1.10$1.27$1.29$0.02
2020Detailed filing. Detailed filing data is available for this year.$4.76$3.65$1.11$1.23$1.22$0.01
2019Detailed filing. Detailed filing data is available for this year.$4.80$3.71$1.09$1.24$1.33$0.09
2018Detailed filing. Detailed filing data is available for this year.$5.00$3.78$1.22$1.12$1.22$0.09
2017Detailed filing. Detailed filing data is available for this year.$5.16$3.84$1.32$1.08$1.14$0.05
2016Detailed filing. Detailed filing data is available for this year.$5.32$3.95$1.37$1.11$1.02$0.08
2015Detailed filing. Detailed filing data is available for this year.$5.41$4.12$1.29$0.96$1.11$0.15
2014Detailed filing. Detailed filing data is available for this year.$5.59$4.22$1.37$0.98$0.98$0.00
2013Detailed filing. Detailed filing data is available for this year.$6.51$4.99$1.52$1.11$1.02$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.66$5.20$1.46$1.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.94$5.48$1.46$0.67
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.55$2.63$0.92$0.38