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Nonprofit · EIN 81-0541460

AFFORDABLE COMMUNITIES INC

Tax-exempt · BROOMFIELD, CO 80023

Financials

$1.4M$1.4M2023$1.4M$1.6M2024
Revenue Expenses · by fiscal year end
Financials of AFFORDABLE COMMUNITIES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,355,821$1,581,152-$225,331$4,173,934$3,368,499$805,435
December 31, 2023990$1,444,890$1,428,733$16,157$4,435,396$3,456,794$978,602
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$681,168
of which government grants
$681,168
Program service revenue
$601,672
Investment income
$21,762
Other revenue
$51,219

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$170,000
Other salaries and wages
$160,596
Salaries, compensation and benefits (total)
$400,134
Professional fundraising fees
$0
Legal fees
$8,013
Accounting fees
$9,429
Occupancy
$321,878
Depreciation
$314,741
Program services (functional)
$1,402,668
Management and general (functional)
$178,484

Balance sheet and other

Total assets, start of year
$4,435,396
Total assets, end of year
$4,173,934
Total liabilities, end of year
$3,368,499
Net assets, end of year
$805,435
Land, buildings and equipment
$2,974,643
Net assets without donor restrictions
$805,435
Gross receipts
$1,355,821
Employees
0
Year formed
2001
State of legal domicile
CO

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
ED BIGAPRESIDENT
Trustee or director, Officer
10$85,000
ALAN M FEINSTEINVICE PRESIDE
Trustee or director, Officer
10$85,000
990 for the year ended December 31, 2023: 2 people
NameTitleHours / weekCompensation
ALAN M FEINSTEINVice President
Trustee or director, Officer
10$85,000
ED BIGAPresident
Trustee or director, Officer
10$85,000

Address and contacts

Address (IRS master file)
4385 SAN LUIS WAY, BROOMFIELD, CO 80023-9472
In care of
% ALAN M FEINSTEIN
Mailing address (990-N for 2007)
7770 W 110th Ave, Westminster CO 80021
Principal officer (990 for 2024)
ED BIGA
Principal officer (990-N for 2007)
Alan M Feinstein, 7770 W 110th Ave, Westminster CO 80021
Signed the 990
ALAN M FEINSTEIN, VICE PRESIDENT
Phone
(303) 403-5420
Return prepared by
LOGAN THOMAS & JOHNSON LLC

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.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $523,734 · revenue $146,773
  • 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.
    Expenses $583,564 · revenue $267,033
  • 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."
    Expenses $295,370 · revenue $187,866

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
81-0541460
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2002
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$4,173,934
Income (IRS master file)
$1,355,821

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,355,821$1,581,152$4,173,934XML
990December 2023$1,444,890$1,428,733$4,435,396XML
990December 2022$1,257,302$1,325,970$4,479,492IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990-N for 2007
Officer: Alan M Feinstein
December 31, 2007≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-0541460).

Questions about AFFORDABLE COMMUNITIES INC

What is the EIN of AFFORDABLE COMMUNITIES INC?
The employer identification number (EIN) of AFFORDABLE COMMUNITIES INC is 81-0541460.
Is AFFORDABLE COMMUNITIES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
Are donations to AFFORDABLE COMMUNITIES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does AFFORDABLE COMMUNITIES INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of AFFORDABLE COMMUNITIES INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did AFFORDABLE COMMUNITIES INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of AFFORDABLE COMMUNITIES INC?
The 990 for the year ended December 31, 2024 names ED BIGA.
Who are the officers and directors of AFFORDABLE COMMUNITIES INC?
The 990 for the year ended December 31, 2024 lists 2 people; 2 received compensation from the organization, the highest $85,000 (ED BIGA, PRESIDENT).
How much revenue does AFFORDABLE COMMUNITIES INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,355,821, expenses of $1,581,152 and total assets of $4,173,934 at year end.

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