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Affordable Communities Inc

EIN 81-0541460 · Broomfield, CO

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak27 out of 100GovernanceGood75 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$1.4 million
Spending
$1.6 million
Spent on programs
89%
Reserves
-16.5 months of spending
Largest source of income
government grants, 50%
Employees
0
Highest pay
$85,000, president

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 27 out of 100. Higher than 4% of charities in its peer group (housing, $1m to $10m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    2 of 20

    It owes 81% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 17% of income.

  • Income trend

    10 of 15

    Income fell 6% on the year before.

  • Spending floor

    15 of 15

    89% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 75 out of 100. Higher than 26% of charities in its peer group (housing, $1m to $10m).

  • Independent board

    0 of 25

    2 of 2 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $523,734 spent. 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.
  2. $583,564 spent. 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.
  3. $295,370 spent. 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."

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 2002.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.