Nonprofit · EIN 85-0941543
AFFORDABILITY PROJECT INC
Tax-exempt · SAN FRANCISCO, CA 94118
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,751,186 | $294,879 | $3,456,307 | $10,437,987 | $2,054,316 | $8,383,671 |
| December 31, 2023 | 990 | $1,146,192 | $263,309 | $882,883 | $7,007,102 | $2,079,738 | $4,927,364 |
| December 31, 2022 | 990 (amended) | $4,297,180 | $272,944 | $4,024,236 | $6,148,523 | $2,104,042 | $4,044,481 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,736,048
- Program service revenue
- $0
- Investment income
- $69,235
- Net income from fundraising events
- -$54,097
- Other revenue
- -$54,097
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $254,675
- Salaries, compensation and benefits (total)
- $269,271
- Professional fundraising fees
- $0
- Legal fees
- $1,942
- Accounting fees
- $94,937
- Travel
- $872
- Management and general (functional)
- $140,337
- Fundraising (functional)
- $154,542
Balance sheet and other
- Total assets, start of year
- $7,007,102
- Total assets, end of year
- $10,437,987
- Total liabilities, end of year
- $2,054,316
- Net assets, end of year
- $8,383,671
- Land, buildings and equipment
- $5,750,000
- Net assets without donor restrictions
- $4,583,671
- Net assets with donor restrictions
- $3,800,000
- Gross receipts
- $3,805,283
- Employees
- 1
- Volunteers
- 3
- Year formed
- 2020
- State of legal domicile
- CA
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM SZARNICKI | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $252,599 |
| JOSEPH TOBONI IV | PRESIDENT AND DIRECTOR Trustee or director, Officer | 1 | $0 |
| MARY DRISCOLL TOBONI | SECRETARY AND DIRECTOR Trustee or director, Officer | 1 | $0 |
| ADAM TARTAKOVSKY | TREASURER AND DIRECTOR Trustee or director, Officer | 1 | $0 |
| HILARY NEWSOM | DIRECTOR Trustee or director | 1 | $0 |
| JOE TOBONI III | BOARD MEMBER Trustee or director | 1 | $0 |
| JORDAN LANGER | BOARD MEMBER Trustee or director | 1 | $0 |
| MIKE HEFFERNAN IV | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMIE WEINSTEIN | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN ANDREINI | BOARD MEMBER Trustee or director | 1 | $0 |
| KATY TANG | DIRECTOR (TO 12/24) Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM SZARNICKI | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $214,160 |
| JOSEPH TOBONI IV | PRESIDENT AND DIRECTOR Trustee or director, Officer | 1 | $0 |
| MARY DRISCOLL TOBONI | SECRETARY AND DIRECTOR Trustee or director, Officer | 1 | $0 |
| ADAM TARTAKOVSKY | TREASURER AND DIRECTOR Trustee or director, Officer | 1 | $0 |
| KATY TANG | DIRECTOR Trustee or director | 1 | $0 |
| HILARY NEWSOM | DIRECTOR Trustee or director | 1 | $0 |
| JOE TOBONI III | BOARD MEMBER Trustee or director | 1 | $0 |
| JORDAN LANGER | BOARD MEMBER (FROM 10/23) Trustee or director | 1 | $0 |
| MIKE HEFFERNAN | BOARD MEMBER (FROM 10/23) Trustee or director | 1 | $0 |
| JAMIE WEINSTEIN | BOARD MEMBER (FROM 10/23) Trustee or director | 1 | $0 |
| JOHN ANDREINI | BOARD MEMBER (FROM 10/23) Trustee or director | 1 | $0 |
990 for the year ended December 31, 2022: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM SZARNICKI | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $197,297 |
| JOSEPH TOBONI IV | PRESIDENT AND DIRECTOR Trustee or director, Officer | 1 | $0 |
| MARY DRISCOLL TOBONI | SECRETARY AND DIRECTOR Trustee or director, Officer | 1 | $0 |
| ADAM TARTAKOVSKY | TREASURER AND DIRECTOR Trustee or director, Officer | 1 | $0 |
| KATY TANG | DIRECTOR Trustee or director | 1 | $0 |
| HILARY NEWSOM | DIRECTOR Trustee or director | 1 | $0 |
| JOE TOBONI III | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3364 SACRAMENTO ST, SAN FRANCISCO, CA 94118-1912
- Principal officer (990 for 2024)
- JOSEPH TOBONI IV, 3364 SACRAMENTO STREET, SAN FRANCISCO, CA 94118
- Signed the 990
- JOSEPH TOBONI IV, PRESIDENT
- Phone
- (415) 954-4454
- Website
- AFFORDABILITYPROJECT.COM
- Return prepared by
- BPM LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 85-0941543 or by the name AFFORDABILITY PROJECT INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
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 accomplishments
- A. BETWEEN JANUARY 1, 2024 AND DECEMBER 31, 2024 ALL ACTIVITIES WERE FOR THE PRE-CONSTRUCTION REQUIREMENTS TO SUBMIT THE PROJECT APPLICATION TO THE SAN FRANCISCO PLANNING COMMISSION, COMPLETE PLANNING COMMISSION PROCESS, AND TO EXECUTE COMMUNITY DEVELOPMENT.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-0941543
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $10,437,987
- Income (IRS master file)
- $3,805,283
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,751,186 | $294,879 | $10,437,987 | XML |
| 990 | December 2023 | $1,146,192 | $263,309 | $7,007,102 | XML |
| 990 | December 2022 | $4,297,180 | $272,944 | $6,148,523 | XML |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
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 85-0941543).
Questions about AFFORDABILITY PROJECT INC
- What is the EIN of AFFORDABILITY PROJECT INC?
- The employer identification number (EIN) of AFFORDABILITY PROJECT INC is 85-0941543.
- Is AFFORDABILITY PROJECT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to AFFORDABILITY PROJECT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AFFORDABILITY PROJECT 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 AFFORDABILITY PROJECT 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 AFFORDABILITY PROJECT 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 AFFORDABILITY PROJECT INC?
- The 990 for the year ended December 31, 2024 names JOSEPH TOBONI IV.
- Who are the officers and directors of AFFORDABILITY PROJECT INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 1 received compensation from the organization, the highest $252,599 (TIM SZARNICKI, EXECUTIVE DIRECTOR).
- How much revenue does AFFORDABILITY PROJECT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,751,186, expenses of $294,879 and total assets of $10,437,987 at year end.
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