NonprofitsAffordable Communities Inc Parent Return

Housing & Shelter

Affordable Communities Inc Parent Return

SACRAMENTO, CA

Total revenue

$9.0M

Total expenses

$7.4M

Net assets

$3.5M

Grants received

EIN

300053792

Tax year

2024

Mission

Affordable Communities, Inc.,(the Organization) a California nonprofit public benefit corporation, established in 2001 under its original name Resident Owned Parks, Inc. The Organization's goals include providing and maintaining quality, affordable housing through the acquisition of mobilehome 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 agreements

Financials

FY 2024

Revenue

Contributions & grants$1.3M
Program service revenue$7.2M
Investment income$522K
Other revenue
Total revenue$9.0M

Expenses

Grants paid
Salaries & benefits$1.5M
Fundraising
Other expenses$6.0M
Total expenses$7.4M
Total assets$57.5M
Net assets$3.5M

People

6 listed

NameRoleCompensation

Maurice A Priest

President

Board

$240K

28 hrs/wk

Diane Priest

COO/Sec/Tres

Board

$143K

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

California Municipal Finance Authority CMFA

Interest & Principal

$2.6M

GR Sundberg Inc

Construction @ AMP

$294K

Aftershock Electric Inc

Construction

$228K

CA Dept of Housing & Community Development

Debt Service

$213K

Bank of the Sierra

Debt Service

$208K

Details

EIN300053792
NTEE codeL20
Subsection03
Ruling date2010-04
Formed2001
Employees37
AFFORDABLE COMMUNITIES INC PARENT RETURN — Mission, Financials & Grants Received | Grantivo