AFFORDABLE COMMUNITIES INC (EIN 810541460) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

ED BIGA

Phone

3034035420

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

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.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $681,168

Program Service Revenue $601,672

Investment Income $21,762

Other Revenue $51,219

TOTAL REVENUE $1,355,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $400,134

Fundraising Expenses $0

Program Expenses $1,402,668

Other Expenses $1,181,018

TOTAL EXPENSES $1,581,152

Year-over-Year Comparison

	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%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$170,000

Total Directors

$170,000

Key Employees

Highest Compensated

reported

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

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	$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

AFFORDABLE COMMUNITIES INC