NonprofitsAffordable Communities Inc

Housing & Shelter

Affordable Communities Inc

SACRAMENTO, CA

Total revenue

$5.6M

Total expenses

$4.5M

Net assets

$4.3M

Grants received

EIN

473480410

Tax year

2024

Mission

Resident Owned Parks, Inc. legally changed its name to Affordable Communities, Inc., (the Organization) in 2024. The Organization is a California nonprofit public benefit corporation whose goals include providing and maintaining quality, affordable housing through the acquisition of mobile home parks, and the development of affordable housing communities. The Organization encourages and empower its residents to take an active role in budget and management decisions; provide enhanced maintenance and services; and to ensure that its communities remain valuable sources of quality affordable housing. With the increasing number of households on fixed or limited incomes and with the scarcity of reliable, long-term, reasonably priced housing, the Organization endeavors to create vibrant communities where quality of life, resident involvement, and caring are priorities. The Organization is supported primarily through monthly rental payments from residents through month-to-month lease agreement

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$5.5M
Investment income$49K
Other revenue
Total revenue$5.6M

Expenses

Grants paid
Salaries & benefits$591K
Fundraising
Other expenses$3.9M
Total expenses$4.5M
Total assets$36.5M
Net assets$4.3M

People

6 listed

NameRoleCompensation

Maurice A Priest

President

Board

28 hrs/wk

Diane Priest

COO/Sec/Trea

Board

30 hrs/wk

Timothy Stenvick

Director

Board

1 hrs/wk

John Tennyson

Director

Board

1 hrs/wk

Steve Clute

Director

Board

1 hrs/wk

Dan Hauser

Director

Board

1 hrs/wk

Independent contractors

Clearinghouse CDFI

Secured Lender

$690K

Washington Community Reinvestment Association

Secured Lender

$457K

Northstar Environmental Remediation

Construction

$452K

California Municipal Finance Authority CMFA

Interest & Principal

$402K

Jims Paving

Construction

$225K

Details

EIN473480410
NTEE codeL20
Subsection03
Ruling date2010-04
Formed2001
Employees10
AFFORDABLE COMMUNITIES INC — Mission, Financials & Grants Received | Grantivo