BROOMFIELD, CO
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)AFFORDABLE COMMUNITIES INC, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 17% operating deficit.
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.
THE ORGANIZATION'S EXEMPT PURPOSE ACHIEVEMENT IS TO ACQUIRE, OWN, REHABILITATE, OWN, LEASE, MANAGE, AND OPERATE NORMANDY GARDENS, A 50 UNIT AFFORDABLE HOUSING PROJECT FOR LOW-INCOME PERSONS IN LAMAR...
THE ORGANIZATION'S EXEMPT PURPOSE ACHIEVEMENT 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.
THE ORGANIZATION'S EXEMPT PURPOSE ACHIEVEMENT IS TO ACQUIRE BOULEVARD GARDEN APARTMENTS (A 40-UNIT PROJECT ON SOUTH FEDERAL BOULEVARD IN DENVER, COLORADO) UNDER THE NEIGHBORHOOD STABILIZATION PROGRAM...
THE ORGANIZATION'S EXEMPT PURPOSE ACHIEVEMENT 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 UNITS ARE RESTRICTED TO HOUSEHOLDS WITH INCOMES NOT EXCEEDING 120% OF THE AMI.
THE ORGANIZATIONS' EXEMPT PURPOSE ACHIEVEMENT IS TO ACQUIRE MORRISON ROAD APARTMENTS (A 19 UNIT AFFORDABLE HOUSING PROJECT LOCATED IN DENVER, COLORADO) UNDER THE NEIGHBORHOOD STABILIZATION PROGRAM...
THE ORGANIZATIONS' EXEMPT PURPOSE ACHIEVEMENT 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."
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,355,821 | $1,444,890 | -0.1% |
| Expenses | $1,581,152 | $1,428,733 | +0.1% |
| Net Income | $-225,331 | $16,157 | -14.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ED BIGA | PRESIDENT | 10.00 |
Officer
Director
|
$85,000 | $0 | $85,000 |
| ALAN M FEINSTEIN | VICE PRESIDE | 10.00 |
Officer
Director
|
$85,000 | $0 | $85,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,355,821 | $1,581,152 | $4,173,934 | $-225,331 |
| 2023 | $1,444,890 | $1,428,733 | $4,435,396 | $16,157 |
| 2022 | $1,257,302 | $1,325,970 | $4,479,492 | $-68,668 |
| 2021 | $1,273,802 | $1,288,920 | $4,637,094 | $-15,118 |
| 2020 | $1,229,878 | $1,217,372 | $4,759,223 | $12,506 |
| 2019 | $1,238,233 | $1,332,493 | $4,799,509 | $-94,260 |
| 2018 | $1,124,215 | $1,218,338 | $5,002,054 | $-94,123 |
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