2023-03-27T12:16:26-07:00 2022-12-31 510660257 TERRY & COMPANY PC PO Box 3896 Greenwood Village CO 80155 990 2022-01-01 810541460 AFFORDABLE COMMUNITIES INC AFFO 3034035420 4385 San Luis Way Broomfield CO 80023 ALAN M FEINSTEIN CFO 2023-03-27 true ALAN M FEINSTEIN 999009999 true E Alan Terry CPA P00115110 3038841826 X 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z 4385 San Luis Way Broomfield CO 80023 1257302 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 0 0 0 667876 688967 580168 555405 236 7964 25522 4966 1273802 1257302 0 0 227843 221172 0 0 1061077 1104798 1288920 1325970 -15118 -68668 4637094 4479492 3538493 3449912 1098601 1029580 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 450289 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. 412579 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. 220043 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." 1082911 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 0 false false false false false false false 0 false false false false false false false X 2 0 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 75000 0 0 ED BIGA President 10.00 0.00 X X 75000 0 0 150000 0 false false false NONE 0 688967 688967 Rental Income 526685 526685 Tenant Charges 28720 28720 555405 7964 7964 0 0 0 0 0 0 0 Miscellaneous income 4966 4966 4966 1257302 560371 7964 0 0 0 0 0 0 159453 159453 0 48053 48053 13666 13666 225434 75434 150000 7261 7261 25235 25235 0 0 0 0 5708 5708 20977 14260 6717 0 0 138655 138655 0 0 0 37677 37677 0 287163 287163 63694 63694 Utilities 112077 112077 Contracts 55305 55305 Bad Debt Expense 54300 54300 Garbage & Trash removal 43812 43812 27500 11331 16169 1325970 1082911 243059 0 410558 292876 428022 531606 0 32566 37630 0 0 0 0 21600 32028 6511029 3279635 3407843 3231394 0 0 0 9898 8966 326607 344992 4637094 4479492 119479 128057 6210 4623 3383393 3285335 29411 31897 3538493 3449912 X 845232 776211 253369 253369 1098601 1029580 4637094 4479492 X -68668 -353 X false true X true true true X 730646 726682 769938 667876 688967 3584109 383523 448662 450523 580168 526685 2389561 0 0 0 1114169 1175344 1220461 1248044 1215652 5973670 0 0 5973670 9545 10091 4683 236 7964 32519 0 9545 10091 4683 236 7964 32519 0 501 52798 4734 25522 33686 117241 1124215 1238233 1229878 1273802 1257302 6123430 0.97550 0.97480 0.00530 0.00830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 190119 190119 4644140 3279635 1364505 1441393 1441393 235377 235377 3231394 Mortgage escrow deposits 118096 Replacement reserves 196111 Tenant security deposits 30785 344992 Tenant Security Deposits 31897 31897 1257302 1257302 1257302 1325970 1325970 1325970 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 = -$353 NORMANDY COMMUNITIES LLC 4385 San Luis Way Broomfield CO 80023 810541460 Low Income Rentals CO 50436 1197473 Affordable Communities Inc false false false false false false false false false false false false false false false false false false false