2024-04-21T17:28:45-07:00 2023-12-31 510660257 TERRY & COMPANY PC PO Box 3896 Greenwood Village CO 80155 990 2023-01-01 810541460 AFFORDABLE COMMUNITIES INC AFFO 3034035420 4385 San Luis Way Broomfield CO 80023 ALAN M FEINSTEIN CFO 2024-04-21 true ALAN M FEINSTEIN 999009999 true E Alan Terry CPA MBA P00115110 3038841826 X 2 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z 4385 San Luis Way Broomfield CO 80023 1444890 false X N/A X 2001 CO 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. 2 2 4 0 688967 667055 555405 642884 7964 11748 4966 123203 1257302 1444890 0 0 221172 227287 0 0 1104798 1201446 1325970 1428733 -68668 16157 4479492 4435396 3449912 3456794 1029580 978602 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. false false 470290 The 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. 445396 The 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. 216403 The 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." 1132089 true true false false false false false false false false true false false true true false true false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false true 2 0 true 4 false false false false false false false false 0 false false false false false false false X 2 2 false false false false false false false true true false false true true true true true true true true false X ALAN FEINSTEIN 3034035420 4385 San Luis Way Broomfield CO 80023 ALAN M FEINSTEIN Vice President 10.00 0.00 X X 85000 0 0 ED BIGA President 10.00 0.00 X X 85000 0 0 170000 0 false false false NONE 0 667055 667055 Rental Income 617032 617032 Tenant Charges 25852 25852 642884 11748 11748 0 0 0 0 0 0 0 Miscellaneous income 900099 123203 123203 123203 1444890 766087 11748 0 0 0 0 0 0 163839 163839 0 49640 49640 13808 13808 256846 86846 170000 11755 11755 38577 38577 0 0 0 0 4153 4153 15966 15966 0 0 121540 121540 0 0 0 34468 34468 0 302683 302683 80792 80792 Utilities 112362 112362 Contracts 61719 61719 Bad Debt Expense 59856 59856 Garbage & Trash removal 52844 52844 47885 6041 41844 1428733 1132089 296644 0 292876 610129 531606 300000 0 37630 54946 0 0 0 0 32028 42998 6659375 3581321 3231394 3078054 0 0 0 8966 7970 344992 341299 4479492 4435396 128057 166765 4623 4221 3285335 3252905 31897 32903 3449912 3456794 X 776211 725233 253369 253369 1029580 978602 4479492 4435396 X 16157 -67135 X false true X true true true X 726682 769938 667876 688967 667055 3520518 448662 450523 580168 526685 617032 2623070 0 0 0 1175344 1220461 1248044 1215652 1284087 6143588 0 0 6143588 10091 4683 236 7964 11748 34722 0 10091 4683 236 7964 11748 34722 0 52798 4734 25522 33686 149055 265795 1238233 1229878 1273802 1257302 1444890 6444105 0.95340 0.97550 0.00540 0.00530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 201904 201904 4644140 3581321 1062819 1571128 1571128 242203 242203 3078054 Mortgage escrow deposits 96159 Replacement reserves 212237 Tenant security deposits 32903 341299 Tenant Security Deposits 32903 32903 1444890 1444890 1444890 1428733 1428733 1428733 Form 990, Part VI, Section B, Line 11b 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, Section B, Line 12c 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, Section B, Line 15a Board members review all matters involving compensation of officers. Form 990, Part VI, Section B, Line 15b Board members review all matters involving compensation of all other employees. Form 990, Part VI, Section C, Line 19 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. Form 990, Part XI, Line 9 PY adjustment to balance = -$67135 NORMANDY COMMUNITIES LLC 4385 San Luis Way Broomfield CO 80023 810541460 Low Income Rentals CO Affordable Communities Inc false false false false false false false false false false false false false false false false false false false