Organizations Filed Purposes:
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 achievements 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 achievements 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 unit are restricted to households with incomes not exceeding 120% of the AMI.
The organizations's exempt purpose achievements 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."
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Ed Biga | President | 10 | $75,000 |
| Alan M Feinstein | Vice President | 10 | $75,000 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202101139349301910_public.xml