Affordable Community Inc
- Assets
- $3.9m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Monsey, NY
- Founding
- 06/1997
- Data as of
- 12/2020
- EIN
- 13-3939709
Organization Overview
Affordable Community Inc is located in Monsey, NY. The organization was established in 1997. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2020, Affordable Community Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $701.1k during the year ending 12/2020. While expenses have increased by 7.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
HOUSING FOR LOW INCOME FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES LOW AND MODERATE INCOME RESIDENTS OF ROCKLAND COUNTY N.Y. THE ABILITY TO SECURE AND RETAIN AFFORDABLE AND SAFE HOUSING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M Wesel Trustee | Trustee | 10 | $750 |
M Rothenberg Trustee | Trustee | 10 | $0 |
Rweinfeld Trustee | Trustee | 10 | $0 |
Jrothenberg Trustee | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,169,013 |
| Investment income | $642 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,169,655 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $750 |
| Compensation of current officers, directors, key employees. | $750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $62 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,397 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,560 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $107,282 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,393 |
| Insurance | $43,044 |
| All other expenses | $0 |
| Total functional expenses | $701,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,840,281 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,698 |
| Total assets | $3,863,979 |
| Accounts payable and accrued expenses | $2,692 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $976,213 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $978,905 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,885,074 |
| Total liabilities and net assets/fund balances | $3,863,979 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philadelphia Housing Development Corporation Philadelphia, PA | $48,929,218 | $78,243,959 |
Preservation Of Affordable Housing Inc Boston, MA | $388,035,997 | $78,311,476 |
Praxis Housing Initiatives Inc New York, NY | $13,094,347 | $29,598,409 |
Home Headquarters Inc Syracuse, NY | $54,008,706 | $15,761,302 |
Depaul Properties Inc Rochester, NY | $60,728,035 | $8,589,057 |
Beech Interplex Inc Philadelphia, PA | $37,855,492 | $5,712,878 |
Crispus Attucks Association Of York Pennsylvania York, PA | $24,602,535 | $6,133,834 |
Center Communities Of Brookline Inc Boston, MA | $22,857,422 | $5,558,526 |
Isles Inc Trenton, NJ | $26,489,916 | $6,699,722 |
Fenway Community Development Corp Boston, MA | $45,105,307 | $3,064,779 |
Hrca Brookline Housing 1550 Beacon Plaza Boston, MA | $18,816,842 | $3,857,691 |
Troy Rehabilitation And Improvement Program Inc Troy, NY | $3,806,312 | $4,666,202 |