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Affordable Communities Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 810541460 ✦ Broomfield, CO ✦ Designated as a 501(c)(3)

Overview

What is Affordable Communities Inc?

Affordable Communities Inc is a nonprofit corporation located in Broomfield, Colorado, with an address at 4385 San Luis Way. Their primary mission is to provide affordable housing options for low-income families and individuals, extending beyond the Denver metro area and reaching Lamar, Colorado. The organization has achieved this goal by acquiring, rehabilitating, and managing a 50-unit housing project named Normandy Gardens. This project serves as a resource for those in need, contributing to the overall objective of Affordable Communities Inc to improve housing accessibility in their designated areas.


Is Affordable Communities Inc legitimate?

Affordable Communities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affordable Communities Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $159,453

For more financial information, click here


What is the mission statement of Affordable Communities Inc?
Who is the CEO of Affordable Communities Inc?
What is the revenue of Affordable Communities Inc?
Who are the executives of Affordable Communities Inc and what are their salaries?
Where can I find the form 990 for Affordable Communities Inc?

Mission Statement of Affordable Communities Inc

Affordable Communities Inc, as a non-profit housing corporation, is dedicated to providing affordable housing solutions for low and moderate income families and individuals. Its primary mission is to acquire, own, rehabilitate, and manage affordable housing projects, demonstrating a commitment to addressing the housing needs of those who may not otherwise have access to such resources. In pursuit of this goal, Affordable Communities Inc has successfully established and managed Normandy Gardens, a 50-unit affordable housing project in Lamar, Colorado, catering to low-income individuals. By offering affordable housing options, this organization contributes to promoting social equity and stability, enabling families and individuals to focus on other essential aspects of their lives.

Impact

This information is meant to be a general summary of Affordable Communities Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Affordable Communities Inc provides affordable housing to low and moderate-income families and individuals in the Denver metro area and Lamar, Colorado. They have made a tangible impact by acquiring, owning, rehabilitating, leasing, managing, and operating Normandy Gardens, a 50-unit affordable housing project for low-income residents in Lamar, Colorado. This initiative directly addresses the pressing need for affordable housing in these communities, ensuring that individuals and families have a safe and stable place to call home.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $7,964
  • Program Service Revenue: $555,405
  • Gross Receipts: $1,257,302

    • Assets and Liabilities:
  • Total Assets: $4,479,492
  • Total Liabilities: $3,449,912
  • Net Assets: $1,029,580
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Rental Income

    Revenue

    $526,685

    Tenant Charges

    Revenue

    $28,720

    Organization Details

    Founding Year

    2001

    Principal Officer

    Ed Biga

    Main Address

    4385 San Luis Way, Broomfield, CO, 80023

    NTEE Category

    Code: L20 - Housing

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