Civic Intelligence

Affordable Communities Inc.

990 • Fiscal year 2019 • EIN 81-0541460

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 17, 2020

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

88th percentile

0.77x

Higher debt load relative to assets than 88% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

93rd percentile

2.99x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

23rd percentile

-7.6%

Higher net margin than 23% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

22nd percentile

-4.0%

Faster asset growth than 22% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

62nd percentile

10%

Faster revenue growth than 62% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$4,799,509

Down $202,545 (-4.0%) from 2018

Net Assets

Down

$1,093,498

Down $129,693 (-11%) from 2018

Liabilities

Down

$3,706,011

Down $72,852 (-1.9%) from 2018

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin23rd percentile

Revenue

Up

$1,238,233

Up $114,018 (+10%) from 2018

Expenses

Up

$1,332,493

Up $114,155 (+9.4%) from 2018

Net Income

Down

-$94,260

Down $137 (-0.1%) from 2018

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

2019

Assets$4,799,509
Liabilities$3,706,011
Net Assets$1,093,498
Open 2019 Filing

Operations Trend

Revenue Growth62nd 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

2019

Revenue$1,238,233
Expenses$1,332,493
Net Income-$94,260
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 17, 2020
Return Version
2019v5.0
Gross Receipts
$1,238,233
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$4,035,129$3,778,785▼ $256,344
Savings and Temporary Cash Investments$481,016$436,326▼ $44,690
Cash and Non-Interest-Bearing Accounts$85,845$92,745▲ $6,900
Accounts Receivable$27,656$37,111▲ $9,455
Prepaid Expenses and Deferred Charges$21,316$25,630▲ $4,314
Intangible Assets$12,694$11,762▼ $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$5,002,054$4,799,509▼ $202,545
Other Assets Total$338,398$417,150▲ $78,752
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,667,109$3,567,061▼ $100,048
Accounts Payable and Accrued Expenses$69,907$96,080▲ $26,173
Other Liabilities$29,011$32,295▲ $3,284
Deferred Revenue$12,836$10,575▼ $2,261
Total Liabilities$3,778,863$3,706,011▼ $72,852
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$802,071$718,426▼ $83,645
Net Assets With Donor Restrictions$421,120$375,072▼ $46,048
Total Net Assets Fund Balance$1,223,191$1,093,498▼ $129,693
Total Liabilities and Net Assets / Fund Balance$5,002,054$4,799,509▼ $202,545

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,181,540$2,462,600$4,644,140
Leasehold Improvements$1,227,816-$1,227,816
Other Land Buildings$210,732-$210,732
Land$158,697-$158,697
Other Assets Org$28,012--
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Ed BigaPresident
Alan M FeinsteinVice President

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$726,682
Program Service Revenue
$448,662
Investment Income
$10,091
Other Revenue
$52,798
Change in Net Assets
$-94,260

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,238,233
Total Revenue per Audited Statements
$1,238,233
Total Revenue per Form 990
$1,238,233
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$980,046
Salaries, Compensation, and Employee Benefits$352,447
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$267,394--$267,394
Occupancy$205,497--$205,497
Other Salaries and Wages$156,969--$156,969
Current Officers, Directors, Trustees, and Key Employees-$150,000-$150,000
Fees for Services Management$106,871--$106,871
Insurance$47,301--$47,301
Interest-$46,021-$46,021
All Other Expenses$20,053$21,442-$41,495
Other Expenses$36,263--$36,263
Other Employee Benefits$31,572--$31,572
Office Expenses$24,365$5,550-$29,915
Fees for Services Accounting-$18,664-$18,664
Payroll Taxes$13,906--$13,906
Fees for Services Legal-$7,177-$7,177
Advertising$5,097--$5,097
Total Functional Expenses$1,083,639$248,854$0$1,332,493

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,332,493
Total Expenses per Audited Statements$1,332,493
Total Expenses per Form 990$1,332,493
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$28,533
Accrued Interest-Restructuring Loan$3,762
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
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
2020-06-17
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
Preparer
E Alan Terry CPA
Phone
3038841826
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Reclassification of Equity = -$35433”

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0448662
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/ExpenseAmt0384376
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/ExpenseAmt0240639
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0730646
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt09545
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0876997
IRS990/PYOtherRevenueAmt0501
IRS990/PYProgramServiceRevenueAmt0383523
IRS990/PYRevenuesLessExpensesAmt0-94123
IRS990/PYSalariesCompEmpBnftPaidAmt0341341
IRS990/PYTotalExpensesAmt01218338
IRS990/PYTotalRevenueAmt01124215
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-94260
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0481016
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0436326
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0726682
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0730646
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0751354
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0687772
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0537674
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03434128
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt010091
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt09545
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt025080
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt044832
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02555
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt092103
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0448662
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0383523
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0289136
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0370016
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0420429
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01911766
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt010091
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt09545
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt025080
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt044832
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02555
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt092103
IRS990ScheduleA/InvestmentIncomeCYPct00.01670
IRS990ScheduleA/InvestmentIncomePYPct00.01630
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt052798
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0501
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt016962
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt04519
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt08
IRS990ScheduleA/OtherIncome509Grp/TotalAmt074788
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96970
IRS990ScheduleA/PublicSupportPY509Pct00.97270
IRS990ScheduleA/PublicSupportTotal509Amt05345894
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01175344
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01114169
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01040490
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01057788
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0958103
IRS990ScheduleA/Total509Grp/TotalAmt05345894
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01238233
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01124215
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01082532
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01107139
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0960666
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05512785
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/BookValueAmt02181540
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02462600
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04644140
IRS990ScheduleD/ExpensesSubtotalAmt01332493
IRS990ScheduleD/LandGrp/BookValueAmt0158697
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0158697
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01227816
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01227816
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0120042
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1269096
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt228012
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Mortgage escrow deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Replacement reserves
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Tenant security deposits
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0210732
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0210732
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03762
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt128533
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued Interest-Restructuring Loan
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Tenant Security Deposits
IRS990ScheduleD/RevenueSubtotalAmt01238233
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03778785
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0417150
IRS990ScheduleD/TotalExpensesPerForm990Amt01332493
IRS990ScheduleD/TotalLiabilityAmt032295
IRS990ScheduleD/TotalRevenuePerForm990Amt01238233
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01238233
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01332493
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/ExplanationTxt5Reclassification of Equity = -$35433
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 Decreases
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/EndOfYearAssetsAmt01389451
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0CO
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0Low Income Rentals
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt045214
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

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,799,509
Liabilities
$3,706,011
Net assets
$1,093,498
Revenue
$1,238,233
Expenses
$1,332,493
Net income
-$94,260
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