2022-03-22T13:09:14-07:00 2021-12-31 510660257 TERRY & COMPANY PC PO Box 3896 Greenwood Village CO 80155 990 2021-01-01 810541460 AFFORDABLE COMMUNITIES INC AFFO 3034035420 4385 San Luis Way Broomfield CO 80023 ALAN M FEINSTEIN CFO 2022-03-22 true ALAN M FEINSTEIN 999009999 E Alan Terry CPA P00115110 3038841826 X 2 AAL1 IAL1 FAL1 2021 2022-09-23 18:48:47Z 4385 San Luis Way Broomfield CO 80023 1273802 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 769938 667876 450523 580168 4683 236 4734 25522 1229878 1273802 0 0 207954 227843 0 0 1009418 1061077 1217372 1288920 12506 -15118 4759223 4637094 3645353 3538493 1113870 1098601 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 433402 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. 368546 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. 228495 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." 1030443 true true false false false false false false false false true false false true 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 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 667876 667876 Rental Income 557633 557633 Tenant Charges 22535 22535 580168 236 236 0 0 0 0 0 0 0 Miscellaneous income 25522 25522 25522 1273802 605690 236 0 0 0 0 0 0 164882 164882 0 49432 49432 13529 13529 236175 86175 150000 5231 5231 39389 39389 0 0 0 0 5451 5451 22518 16434 6084 0 0 121819 121819 0 0 0 41102 41102 0 281054 281054 53415 53415 Utilities 88547 88547 Contracts 78798 78798 Garbage & Trash removal 33293 33293 Bad Debt Expense 31136 31136 23149 6478 16671 1288920 1030443 258477 0 262091 410558 416943 428022 0 33457 32566 0 0 0 0 28848 21600 6417542 3009699 3586458 3407843 0 0 0 10830 9898 420596 326607 4759223 4637094 132454 119479 7676 6210 3474040 3383393 31183 29411 3645353 3538493 X 779121 845232 334749 253369 1113870 1098601 4759223 4637094 X -15118 -151 X false true X true true true X 751354 730646 726682 769938 667876 3646496 289136 383523 448662 450523 580168 2152012 0 0 0 1040490 1114169 1175344 1220461 1248044 5798508 0 0 5798508 25080 9545 10091 4683 236 49635 0 25080 9545 10091 4683 236 49635 0 16962 501 52798 4734 25522 100517 1082532 1124215 1238233 1229878 1273802 5948660 0.97480 0.97000 0.00830 0.01630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 174572 174572 4644140 3009699 1634441 1388280 1388280 210550 210550 3407843 Mortgage escrow deposits 137062 Replacement reserves 160134 Tenant security deposits 29411 326607 Tenant Security Deposits 29411 29411 1273802 1273802 1273802 1288920 1288920 1288920 Form 990, Part VI, Line 11b: Form 990 Review Process 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, Line 12c: Explanation of Monitoring and Enforcement of Conflicts 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, Line 15a: Compensation Review & Approval Process - CEO, Top Management Board members review all matters involving compensation of officers. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees Board members review all matters involving compensation of all other employees. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available 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. Other Changes In Net Assets Or Fund Balances - Other Decreases Reclassification of Equity = -$151 NORMANDY COMMUNITIES LLC 4385 San Luis Way Broomfield CO 80023 810541460 Low Income Rentals CO 63859 1350355 Affordable Communities Inc false false false false false false false false false false false false false false false false false false false