Civic Intelligence

Affordable Communities Inc.

990 • Fiscal year 2017 • EIN 81-0541460

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 11, 2018

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

0.74x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

92nd percentile

3.55x

Higher debt load relative to revenue than 92% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

24th percentile

-5.0%

Higher net margin than 24% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

29th percentile

$75,000

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

22nd percentile

-3.0%

Faster asset growth than 22% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

29th percentile

-2.2%

Faster revenue growth than 29% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$5,161,346

Down $158,776 (-3.0%) from 2016

Net Assets

Down

$1,316,559

Down $53,112 (-3.9%) from 2016

Liabilities

Down

$3,844,787

Down $105,664 (-2.7%) from 2016

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin24th percentile

Revenue

Down

$1,082,532

Down $24,607 (-2.2%) from 2016

Expenses

Up

$1,136,741

Up $113,437 (+11%) from 2016

Net Income

Down

-$54,209

Down $138,044 (-165%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth22nd 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

2017

Assets$5,161,346
Liabilities$3,844,787
Net Assets$1,316,559
Open 2017 Filing

Operations Trend

Revenue Growth29th 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

2017

Revenue$1,082,532
Expenses$1,136,741
Net Income-$54,209
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 11, 2018
Return Version
2017v2.2
Gross Receipts
$1,082,532
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$4,384,339$4,173,705▼ $210,634
Savings and Temporary Cash Investments$396,990$554,029▲ $157,039
Cash and Non-Interest-Bearing Accounts$270,433$114,470▼ $155,963
Prepaid Expenses and Deferred Charges$21,700$23,352▲ $1,652
Intangible Assets$14,558$13,626▼ $932
Accounts Receivable$16,139$11,899▼ $4,240
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$5,320,122$5,161,346▼ $158,776
Other Assets Total$215,963$270,265▲ $54,302
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,847,001$3,757,989▼ $89,012
Accounts Payable and Accrued Expenses$54,752$55,755▲ $1,003
Other Liabilities$48,698$27,438▼ $21,260
Deferred Revenue-$3,605-
Total Liabilities$3,950,451$3,844,787▼ $105,664
Net Assets / Fund Balance
Unrestricted Net Assets$1,369,671$805,609▼ $564,062
Temporarily Rstr Net Assets-$510,950-
Total Net Assets Fund Balance$1,369,671$1,316,559▼ $53,112
Total Liabilities and Net Assets / Fund Balance$5,320,122$5,161,346▼ $158,776

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,716,741$1,927,399$4,644,140
Leasehold Improvements$1,132,767-$1,132,767
Other Land Buildings$198,134-$198,134
Land$126,063-$126,063
Other Assets Org$24,158--
Compensation and Service Providers
Top Officer Pay29th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Alan M FeinsteinVice PresidentPT$75,000$75,000
Ed BigaPresidentPT$75,000$75,000

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$751,354
Program Service Revenue
$305,963
Investment Income
$25,080
Other Revenue
$135
Change in Net Assets
$-54,209

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,082,532
Total Revenue per Audited Statements
$1,082,532
Total Revenue per Form 990
$1,082,532
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$828,206
Salaries, Compensation, and Employee Benefits$308,535
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$268,348--$268,348
Occupancy$170,136--$170,136
Current Officers, Directors, Trustees, and Key Employees-$150,000-$150,000
Other Salaries and Wages$119,952--$119,952
Fees for Services Management$67,436--$67,436
Interest-$50,191-$50,191
Insurance$43,053--$43,053
All Other Expenses$36,127--$36,127
Other Employee Benefits$26,655--$26,655
Fees for Services Accounting-$22,625-$22,625
Office Expenses$20,486$1,525-$22,011
Other Expenses$20,137$14,934-$14,934
Payroll Taxes$11,928--$11,928
Fees for Services Legal-$8,127-$8,127
Advertising$3,407--$3,407
Total Functional Expenses$889,339$247,402$0$1,136,741

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,136,741
Total Expenses per Audited Statements$1,136,741
Total Expenses per Form 990$1,136,741
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
Tenant Security Deposits$22,329
Accrued Interest-Restructuring Loan$5,109
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 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
2018-04-11
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
E 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 = $1097”

Raw XML AppendixShowing 400 of 462 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt054752
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt055755
IRS990/AccountsReceivableGrp/BOYAmt016139
IRS990/AccountsReceivableGrp/EOYAmt011899
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0AFFORDABLE 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.
IRS990/AdvertisingGrp/ProgramServicesAmt03407
IRS990/AdvertisingGrp/TotalAmt03407
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherExpensesGrp/ProgramServicesAmt036127
IRS990/AllOtherExpensesGrp/TotalAmt036127
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0ALAN FEINSTEIN
IRS990/BooksInCareOfDetail/PhoneNum03034035420
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04385 San Luis Way
IRS990/BooksInCareOfDetail/USAddress/CityNm0Broomfield
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CO
IRS990/BooksInCareOfDetail/USAddress/ZIPCd080023
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0270433
IRS990/CashNonInterestBearingGrp/EOYAmt0114470
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0150000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0150000
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0NONE
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0751354
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt025080
IRS990/CYOtherExpensesAmt0828206
IRS990/CYOtherRevenueAmt0135
IRS990/CYProgramServiceRevenueAmt0305963
IRS990/CYRevenuesLessExpensesAmt0-54209
IRS990/CYSalariesCompEmpBnftPaidAmt0308535
IRS990/CYTotalExpensesAmt01136741
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01082532
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/EOYAmt03605
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0268348
IRS990/DepreciationDepletionGrp/TotalAmt0268348
IRS990/Desc0The organization's exempt purpose achievements is to acquire, own, rehabilitate, own, lease, manage, and operate Normandy Gardens, a 50 unit affordable housing project for low-income persons in Lamar, Colorado.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0true
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt0414951
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt022625
IRS990/FeesForServicesAccountingGrp/TotalAmt022625
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt08127
IRS990/FeesForServicesLegalGrp/TotalAmt08127
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt067436
IRS990/FeesForServicesManagementGrp/TotalAmt067436
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/PersonNm0ALAN M FEINSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm1ED BIGA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt075000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt175000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/TitleTxt0Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt02
IRS990/GovernmentGrantsAmt0751354
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01082532
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt043053
IRS990/InsuranceGrp/TotalAmt043053
IRS990/IntangibleAssetsGrp/BOYAmt014558
IRS990/IntangibleAssetsGrp/EOYAmt013626
IRS990/InterestGrp/ManagementAndGeneralAmt050191
IRS990/InterestGrp/TotalAmt050191
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt025080
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt025080
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01927399
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04384339
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04173705
IRS990/LandBldgEquipCostOrOtherBssAmt06101104
IRS990/LegalDomicileStateCd0CO
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0AFFORDABLE 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03847001
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03757989
IRS990/NetAssetsOrFundBalancesBOYAmt01369671
IRS990/NetAssetsOrFundBalancesEOYAmt01316559
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0170136
IRS990/OccupancyGrp/TotalAmt0170136
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01525
IRS990/OfficeExpensesGrp/ProgramServicesAmt020486
IRS990/OfficeExpensesGrp/TotalAmt022011
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0215963
IRS990/OtherAssetsTotalGrp/EOYAmt0270265
IRS990/OtherChangesInNetAssetsAmt01097
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt026655
IRS990/OtherEmployeeBenefitsGrp/TotalAmt026655
IRS990/OtherExpensesGrp/Desc0Utilities
IRS990/OtherExpensesGrp/Desc1Contracts
IRS990/OtherExpensesGrp/Desc2Garbage & Trash removal
IRS990/OtherExpensesGrp/Desc3Misc Administrative Expense
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt014934
IRS990/OtherExpensesGrp/ProgramServicesAmt073343
IRS990/OtherExpensesGrp/ProgramServicesAmt128331
IRS990/OtherExpensesGrp/ProgramServicesAmt220137
IRS990/OtherExpensesGrp/TotalAmt073343
IRS990/OtherExpensesGrp/TotalAmt128331
IRS990/OtherExpensesGrp/TotalAmt220137
IRS990/OtherExpensesGrp/TotalAmt314934
IRS990/OtherLiabilitiesGrp/BOYAmt048698
IRS990/OtherLiabilitiesGrp/EOYAmt027438
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0135
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0135
IRS990/OtherRevenueTotalAmt0135
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0119952
IRS990/OtherSalariesAndWagesGrp/TotalAmt0119952
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt011928
IRS990/PayrollTaxesGrp/TotalAmt011928
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021700
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt023352
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Rental Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0305963
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0305963
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/ExpenseAmt0302100
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/ExpenseAmt0172288
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0748181
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt044832
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0789447
IRS990/PYOtherRevenueAmt04519
IRS990/PYProgramServiceRevenueAmt0309607
IRS990/PYRevenuesLessExpensesAmt083835
IRS990/PYSalariesCompEmpBnftPaidAmt0233857
IRS990/PYTotalExpensesAmt01023304
IRS990/PYTotalRevenueAmt01107139
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-54209
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0396990
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0554029
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0751354
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0687772
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0537674
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0528643
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0459711
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02965154
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt025080
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt044832
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02555
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt03706
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt05096
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt081269
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0289136
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0370016
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0420429
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0409474
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0515651
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02004706
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt025080
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt044832
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02555
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt03706
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt05096
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt081269
IRS990ScheduleA/InvestmentIncomeCYPct00.01550
IRS990ScheduleA/InvestmentIncomePYPct00.01360
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt016962
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt04519
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt08
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt035818
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0131437
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0188744
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94850
IRS990ScheduleA/PublicSupportPY509Pct00.94190
IRS990ScheduleA/PublicSupportTotal509Amt04969860
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01040490
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01057788
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0958103
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0938117
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0975362
IRS990ScheduleA/Total509Grp/TotalAmt04969860
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01082532
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01107139
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0960666
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0977641
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01111895
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05239873
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt02716741
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01927399
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04644140
IRS990ScheduleD/ExpensesSubtotalAmt01136741
IRS990ScheduleD/LandGrp/BookValueAmt0126063
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0126063
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01132767
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01132767
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt077196
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1168911
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt224158
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Mortgage escrow deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Replacement reserves
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Tenant security deposits
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0198134
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0198134
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05109
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt122329
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued Interest-Restructuring Loan
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Tenant Security Deposits
IRS990ScheduleD/RevenueSubtotalAmt01082532
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04173705
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0270265
IRS990ScheduleD/TotalExpensesPerForm990Amt01136741
IRS990ScheduleD/TotalLiabilityAmt027438
IRS990ScheduleD/TotalRevenuePerForm990Amt01082532
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01082532
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01136741
IRS990/ScheduleJRequiredInd0false
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 = $1097
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/EndOfYearAssetsAmt01435379
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0CO
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0Low Income Rentals
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt024548
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt04385 San Luis Way
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0Broomfield
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0CO
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd080023
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0510950
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05320122

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,161,346
Liabilities
$3,844,787
Net assets
$1,316,559
Revenue
$1,082,532
Expenses
$1,136,741
Net income
-$54,209
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