2025-11-07T14:59:56-05:00 2024-12-31 201943886 LOGAN THOMAS & JOHNSON LLC 413 WILCOX ST SUITE 204 CASTLE ROCK CO 801042477 990 2024-01-01 810541460 AFFORDABLE COMMUNITIES INC AFFO 3034035420 4385 SAN LUIS WAY BROOMFIELD CO 80023 ALAN M FEINSTEIN VICE PRESIDENT 3034035420 2025-11-04 false JAN THOMAS P01267359 3036631400 2025-11-06 2024 2025-03-06 01:10:19Z ED BIGA 1355821 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 0 0 667055 681168 642884 601672 11748 21762 123203 51219 1444890 1355821 0 0 227287 400134 0 0 1201446 1181018 1428733 1581152 16157 -225331 4435396 4173934 3456794 3368499 978602 805435 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 523734 146773 THE ORGANIZATION'S EXEMPT PURPOSE ACHIEVEMENT 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. 583564 267033 THE ORGANIZATION'S EXEMPT PURPOSE ACHIEVEMENT 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 UNITS ARE RESTRICTED TO HOUSEHOLDS WITH INCOMES NOT EXCEEDING 120% OF THE AMI. 295370 187866 THE ORGANIZATIONS' EXEMPT PURPOSE ACHIEVEMENT 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." 1402668 true true false false false false false false false false true false false true true false 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 true false false false false true 2 0 true 0 false 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 M FEINSTEIN 3034035420 4385 SAN LUIS WAY BROOMFIELD CO 80023 ED BIGA PRESIDENT 10.00 X X 85000 0 0 ALAN M FEINSTEIN VICE PRESIDE 10.00 X X 85000 0 0 170000 false false false 681168 681168 RENTAL INCOME 582609 582609 TENANT CHARGES 19063 19063 601672 21762 21762 MISCELLANEOUS INCOME 51219 51219 51219 1355821 601672 72981 170000 170000 160596 160596 55527 55527 14011 14011 71348 71348 8013 8013 9429 9429 47711 39536 8175 321878 321878 33046 33046 314741 314741 REPAIRS AND MAINTENANCE 133065 133065 BAD DEBT EXPENSE 110790 110790 TRASH AND SNOW REMOVAL 70240 70240 SUPPLIES 35397 35397 25360 25051 309 1581152 1402668 178484 0 610129 171641 300000 477139 54946 128442 42998 60314 6870703 3896060 3078054 2974643 7970 341299 361755 4435396 4173934 166765 138097 4221 8672 3252905 3076237 32903 145493 3456794 3368499 X 725233 805435 253369 978602 805435 4435396 4173934 -225331 52164 X false true X true false X 769938 667876 688967 667055 681168 3475004 450523 580168 526685 617032 601672 2776080 1220461 1248044 1215652 1284087 1282840 6251084 6251084 4683 236 7964 11748 21762 46393 4683 236 7964 11748 21762 46393 4734 25522 33686 149055 50219 263216 1229878 1273802 1257302 1444890 1354821 6560693 0.95280 0.95340 0.01000 0.01000 X PART III, LINE 12 OTHER INCOME 263,216 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 472152 472152 6127357 3624866 2502491 271194 271194 2974643 REPLACEMENT RESERVES 252708 MORTGAGE ESCROW DEPOSITS 75528 TENANT SECURITY DEPOSITS 33519 361755 OTHER LIABILITIES 111974 TENANT SECURITY DEPOSITS 33519 145493 FORM 990, PAGE 6, PART VI, LINE 11B NONPROFIT 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, PAGE 6, PART VI, 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, PAGE 6, PART VI, LINE 15A BOARD MEMBERS REVIEW ALL MATTERS INVOLVING COMPENSATION OF OFFICERS. FORM 990, PAGE 6, PART VI, LINE 15B BOARD MEMBERS REVIEW ALL MATTERS INVOLVING COMPENSATION OF ALL OTHER EMPLOYEES. FORM 990, PAGE 6, PART VI, 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. NORMANDY COMMUNITIES LLC 4385 SAN LUIS WAY BROOMFIELD CO 80023 810541460 LOW INCOME CO 620820 1101905 AFFORDABLE COMMUNITIES INC