Affordable Community Housing Inc is located in St Cloud, MN. The organization was established in 1946. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Affordable Community Housing Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Affordable Community Housing Inc generated $86.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $83.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ON A NON-PROFIT BASIS, HOUSING FOR LOW AND MODERATE INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDED 16 HOUSING UNITS TO LOW AND MODERATE INCOME FAMILIES, ON A NON-PROFIT BASIS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ernie Kociemba Board Member | OfficerTrustee | 0.05 | $0 |
Jim Rudolph Board Member | OfficerTrustee | 0.05 | $0 |
Stephen Pareja Board Chair | OfficerTrustee | 0.05 | $0 |
Steve Feneis Board Member | OfficerTrustee | 0.05 | $0 |
Mary Lou Kerber Board Member | OfficerTrustee | 0.05 | $0 |
Bambi Holloway Property Manager | Officer | 3 | $0 |
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 | $86,520 |
Investment income | $1 |
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 | $86,521 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $10,403 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,877 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,352 |
Advertising and promotion | $43 |
Office expenses | $1,225 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $47,492 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $114 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $13,655 |
Insurance | $5,755 |
All other expenses | $114 |
Total functional expenses | $83,030 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $18,448 |
Savings and temporary cash investments | $18,642 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $4,766 |
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 | $152,167 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $194,023 |
Accounts payable and accrued expenses | $11,490 |
Grants payable | $0 |
Deferred revenue | $169 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $5,691 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $26,880 |
Unsecured mortgages and notes payable | $219,097 |
Other liabilities | $0 |
Total liabilities | $263,327 |
Net assets without donor restrictions | -$69,304 |
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 | $0 |
Total liabilities and net assets/fund balances | $194,023 |
Organization Name | Assets | Revenue |
---|---|---|
Reach For Your Potential Inc Iowa City, IA | $7,743,905 | $10,140,331 |
Ppl Properties Minneapolis, MN | $55,862,410 | $5,681,463 |
Region Xii Council Of Governments Inc Carroll, IA | $20,470,902 | $9,309,351 |
Grand Forks Homes Inc Grand Forks, ND | $15,508,002 | $4,473,354 |
Community Action Region Vi Jamestown, ND | $1,501,649 | $3,945,545 |
Ponderosa Apartments Inc Spearfish, SD | $17,012,312 | $3,089,734 |
Beyond Shelter Inc Fargo, ND | $39,993,501 | $6,508,362 |
3700 Green Tree Corporation Milwaukee, WI | $10,160,568 | $2,809,473 |
Northport Apartments Corporation Milwaukee, WI | $3,786,211 | $1,745,178 |
Nicollet Meadows Housing Group Slayton, MN | $8,272,022 | $1,018,863 |
Jfs Housing Inc Milwaukee, WI | $5,035,559 | $1,439,082 |
Plymouth Apartments Corporation Milwaukee, WI | $4,373,782 | $1,219,366 |