Civic Intelligence

Affordability Project Inc.

990EZ • Fiscal year 2021 • EIN 85-0941543

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 20, 2023

Organization ProfileAFFORDABILITYPROJECT.COM
3364 Sacramento StreetSan Francisco, CA 94118

(415) 954-4454

Siviq Scores

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

Liabilities / Assets

88th percentile

0.40x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

80th percentile

0.11x

Higher debt load relative to revenue than 80% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

60th percentile

16%

Higher net margin than 60% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

95th percentile

$62,677

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 50.1% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

100th percentile

3398200%

Faster asset growth than 100% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$33,983

Up $33,983 from 2020

Net Assets

Up

$20,388

Up $20,388 from 2020

Liabilities

Up

$13,595

Up $13,595 from 2020

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin60th percentile

Revenue

Up

$125,000

Up $125,000 from 2020

Expenses

Up

$104,612

Up $104,612 from 2020

Net Income

Up

$20,388

Up $20,388 from 2020

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$15M$10M$5.0M$0Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020Assets 2021: $33,983Liabilities 2021: $13,595Net Assets 2021: $20,3882021Assets 2022: $6,215,712Liabilities 2022: $2,104,042Net Assets 2022: $4,111,6702022Assets 2023: $7,007,102Liabilities 2023: $2,079,738Net Assets 2023: $4,927,3642023Assets 2024: $10,437,987Liabilities 2024: $2,054,316Net Assets 2024: $8,383,6712024

Highlighted filing

2021

Assets$33,983
Liabilities$13,595
Net Assets$20,388
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $125,000Expenses 2021: $104,612Net Income 2021: $20,3882021Revenue 2022: $4,297,180Expenses 2022: $205,755Net Income 2022: $4,091,4252022Revenue 2023: $1,146,192Expenses 2023: $263,309Net Income 2023: $882,8832023Revenue 2024: $3,751,186Expenses 2024: $294,879Net Income 2024: $3,456,3072024

Highlighted filing

2021

Revenue$125,000
Expenses$104,612
Net Income$20,388
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 20, 2023
Return Version
2021v4.2
Gross Receipts
$125,000
Mission and Program Overview

Mission

To provide affordable housing units to low and middle income individuals and their families that are public service providers that support critical local infrastructures in the san francisco bay area and surrounding counties, including but not limited to government employees, teachers, police officers, firefighters, public health workers, nurses and other first responders.

Program Services

DescriptionGrantsExpenses
BETWEEN JULY 6, 2021 AND DECEMBER 31, 2021 ALL ACTIVITES WERE FOR THE PRE-CONSTRUCTION ACTIVITES TO SUBMIT THE PROJECT APPLICATION TO THE SAN FRANCISCO PLANNING COMMISSION AND TO EXECUTE COMMUNITY DEVELOPMENT. APPROXIMATELY 250 COMMUNITY DEVELOPMENT MEETINGS OCCURED BETWEEN JULY 6, 2021 AND DECEMBER 31, 2021, ENGAGING CLOSE TO 500 COMMUNITY MEMBERS.$0$104,612
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
TIM SZARNICKIExecutive Director (From 7/2021)FT$62,677-$62,677
KATY TANGDirector-$0--
HILARY NEWSOMDirector-$0--
JOSEPH TOBONI IVPresident And Director-$0--
MARY DRISCOLL TOBONISecretary And Director-$0--
ADAM TARTAKOVSKYTreasurer And Director-$0--
Filing and Contact Details

Filer

Filer Name
The Affordability Project
EIN
85-0941543
Phone
4159544454
Address
3364 SACRAMENTO STREET, SAN FRANCISCO, CA 94118

Signing Officer

Name
Joseph Toboni Iv
Title
President
Phone
4159544454
Signed
2023-10-20
Discuss with paid preparer
Yes

Preparer

Firm
Bpm Llp
Address
4200 BOHANNON DRIVE SUITE 250, MENLO PARK, CA 94025-1021
Preparer
Elena P Serebriakova
Phone
6508556800
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: bank fees & service charges. Amount: 36. Description: office supplies. Amount: 211. Total to form 990-ez, line 16: 247.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: pledges receivable. Beg. Of year amount: 0. End of year amount: 10,000.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: accrued expenses. Beg. Of year amount: 0. End of year amount: 5,789. Description: accrued payroll. Beg. Of year amount: 0. End of year amount: 7,806.”

Raw XML Appendix164 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
CompensationExplanation/CompensationExplanationGrp/PersonNm0TIM SZARNICKI
CompensationExplanation/CompensationExplanationGrp/ShortExplanationTxt0TIM SZARNICKI RECEIVED $27,692 OF COMPENSATION IN ADDITION TO THE AMOUNT REPORTED ON PART IV FROM JULY THROUGH SEPTEMBER 2021 FROM AN UNRELATED ORGANIZATION, 5250 3RD STREET LLC, FOR SERVING IN THE CAPACITY OF EXECUTIVE DIRECTOR FOR THE AFFORDABILITY PROJECT.
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/PersonNm0TIM SZARNICKI
IRS990EZ/BooksInCareOfDetail/PhoneNum04159544454
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt03364 SACRAMENTO STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SAN FRANCISCO
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd094118
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt00
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt023983
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt0125000
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt020388
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt035788
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt00
IRS990EZ/Form990TotalAssetsGrp/EOYAmt033983
IRS990EZ/GrossReceiptsAmt0125000
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartIVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt00
IRS990EZ/NetAssetsOrFundBalancesEOYAmt020388
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt020388
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt40.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt540.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt562677
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0KATY TANG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1HILARY NEWSOM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JOSEPH TOBONI IV
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3MARY DRISCOLL TOBONI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4ADAM TARTAKOVSKY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5TIM SZARNICKI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2PRESIDENT AND DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY AND DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4TREASURER AND DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5EXECUTIVE DIRECTOR (FROM 7/2021)
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt010000
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0247
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO PROVIDE AFFORDABLE HOUSING UNITS TO LOW AND MIDDLE INCOME INDIVIDUALS AND THEIR FAMILIES THAT ARE PUBLIC SERVICE PROVIDERS THAT SUPPORT CRITICAL LOCAL INFRASTRUCTURES IN THE SAN FRANCISCO BAY AREA AND SURROUNDING COUNTIES, INCLUDING BUT NOT LIMITED TO GOVERNMENT EMPLOYEES, TEACHERS, POLICE OFFICERS, FIREFIGHTERS, PUBLIC HEALTH WORKERS, NURSES AND OTHER FIRST RESPONDERS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0BETWEEN JULY 6, 2021 AND DECEMBER 31, 2021 ALL ACTIVITES WERE FOR THE PRE-CONSTRUCTION ACTIVITES TO SUBMIT THE PROJECT APPLICATION TO THE SAN FRANCISCO PLANNING COMMISSION AND TO EXECUTE COMMUNITY DEVELOPMENT. APPROXIMATELY 250 COMMUNITY DEVELOPMENT MEETINGS OCCURED BETWEEN JULY 6, 2021 AND DECEMBER 31, 2021, ENGAGING CLOSE TO 500 COMMUNITY MEMBERS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0104612
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt068577
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CA
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt013595
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0104612
IRS990EZ/TotalProgramServiceExpensesAmt0104612
IRS990EZ/TotalRevenueAmt0125000
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0AFFORDABILITYPROJECT.COM
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE PRIOR YEAR WAS THE ORGANIZATION'S INITIAL YEAR, FORMING ON MAY 5, 2020 WITH A YEAR END OF DECEMBER 31, 2020.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, SHORT YEAR EXPLANATION:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0125000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0125000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt05000
IRS990ScheduleA/SubstantialContributorsTotAmt0120000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0125000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0125000
IRS990ScheduleA/TotalSupportAmt0125000
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: BANK FEES & SERVICE CHARGES. AMOUNT: 36. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 211. TOTAL TO FORM 990-EZ, LINE 16: 247.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: PLEDGES RECEIVABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 10,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 5,789. DESCRIPTION: ACCRUED PAYROLL. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 7,806.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH TOBONI IV
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04159544454
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE AFFORDABILITY PROJECT
ReturnHeader/Filer/BusinessNameControlTxt0AFFO
ReturnHeader/Filer/EIN0850941543
ReturnHeader/Filer/PhoneNum04159544454
ReturnHeader/Filer/USAddress/AddressLine1Txt03364 SACRAMENTO STREET
ReturnHeader/Filer/USAddress/CityNm0SAN FRANCISCO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094118
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0814234542
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BPM LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04200 BOHANNON DRIVE SUITE 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MENLO PARK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0940251021
ReturnHeader/PreparerPersonGrp/PhoneNum06508556800
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELENA P SEREBRIAKOVA
ReturnHeader/ReturnTs02023-10-23T18:21:10-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOSEPH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TOBONI IV
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,983
Liabilities
$13,595
Net assets
$20,388
Revenue
$125,000
Expenses
$104,612
Net income
$20,388
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$2.05$8.38$3.75$0.29$3.46
2023Detailed filing. Detailed filing data is available for this year.$7.01$2.08$4.93$1.15$0.26$0.88
2022Detailed filing. Detailed filing data is available for this year.$6.22$2.10$4.11$4.30$0.21$4.09
2021Detailed filing. Detailed filing data is available for this year.$0.03$0.01$0.02$0.13$0.10$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00