Affordable Communities Inc Parent Return

EIN: 300053792 501(c)(3) Housing & Shelter

Sacramento, CA

Total Revenue
$9,047,776
Total Expenses
$7,428,534
Total Assets
$57,508,543
Net Assets
$3,532,821
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
CA
Phone
9163994993
Tax Period
2024-01-01 to 2024-12-31

Affordable Communities Inc Parent Return, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $9.0M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.6M, a strong 18% operating margin.

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

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,334,477
Program Service Revenue $7,190,895
Investment Income $522,404
Other Revenue $0
TOTAL REVENUE $9,047,776

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,454,061
Fundraising Expenses $0
Program Expenses $7,003,349
Other Expenses $5,974,473
TOTAL EXPENSES $7,428,534

Year-over-Year Comparison

2024 2023 Change
Revenue $9,047,776 $8,163,407 +0.1%
Expenses $7,428,534 $7,496,887 0.0%
Net Income $1,619,242 $666,520 +1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
4
Employees
37
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$387,585
Total Directors
6
$387,585
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Maurice A Priest President 28.00
Officer Director
$240,000 $0 $240,000
Diane Priest COO/Sec/Tres 30.00
Officer Director
$142,668 $4,917 $147,585
Timothy Stenvick Director 1.00
Director
$0 $0 $0
John Tennyson Director 1.00
Director
$0 $0 $0
Steve Clute Director 1.00
Director
$0 $0 $0
Dan Hauser Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $9,047,776 $7,428,534 $57,508,543 $1,619,242
2023 $8,523,306 $7,856,780 $56,664,043 $666,526
2022 $8,774,223 $7,610,956 $56,430,962 $1,163,267
2021 $3,545,544 $3,272,715 $16,648,405 $272,829
2020 $3,259,617 $3,143,533 $15,607,942 $116,084
2019 $2,762,267 $2,986,136 $15,943,329 $-223,869
2018 $2,992,095 $3,112,946 $16,573,420 $-120,851
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