2024-10-17T11:15:52-07:00 2023-12-31 931938669 Sacramento Accounting & Advisory Group LLP 1111 Exposition Blvd Ste 100 Sacramento CA 95815 990 2023-01-01 473480410 Resident Owned Parks Inc Group Group Return RESI 9163994993 7420 Greenhaven Drive Suite 125 Sacramento CA 95831 Maurice A Priest President 2024-10-17 true true Jason Russell CPA P00810533 9169669366 2023 2024-10-15 13:58:12Z 7420 Greenhaven Drive Suite 125 Sacramento CA 95831 5604851 true true 5687 X https://www.affordablecommunitiesinc.com/ X 2001 CA To preserve affordable housing, including the development and preservation of affordable mobilehome park and manufactured housing community living. 6 4 12 0 0 5456630 5530051 43632 72060 0 5500262 5602111 0 0 593341 608478 0 0 4091923 4080861 4685264 4689339 814998 912772 35297782 36112477 32969191 32871114 2328591 3241363 To preserve affordable housing, including the development and preservation of affordable mobilehome park and manufactured housing community living. false false 4608370 5530051 To preserve affordable housing, including the development and preservation of affordable mobilehome park and manufactured housing community living. 4608370 true false false false false false false false false false true false false false true true true true false false false false false false false false false false false true true true false false false false true false true false true false false false false false true false false false true 11 0 true 12 true false false false false false false false 0 false false false false false false false X 6 4 true true false false false false false true true false false true true true true false true false false false CA X X Jason Russell CPA 9163994993 7420 Greenhaven Dr Ste 125 Sacramento CA 95831 Maurice A Priest President 28.00 28.00 X X 0 180000 0 Diane Priest COO/Sec/Trea 30.00 30.00 X X 0 133778 5161 Timothy Stenvick Director 1.00 1.00 X 0 0 0 John Tennyson Director 1.00 1.00 X 0 0 0 Steve Clute Director 1.00 1.00 X 0 0 0 Dan Hauser Director 1.00 1.00 X 0 0 0 313778 5161 0 false true false Resident Owned Parks 7420 Greenhaven Dr Suite 125 Sacramento CA 95831 Management Company 347317 Clearinghouse CDFI 23861 El Toro Rd Suite 401 Lake Forest CA 92630 Secured Lender 739215 Washington Community Reinvestment Association 1200 Fifth Ave Suite 1406 Seattle WA 98101 Secured Lender 497803 Jims Paving 911 Lakeville Road Suite 227 Petaluma CA 94952 Construction 739486 California Municipal Finance Authority CMFA 2111 Palomar Airport Rd Suite 320 Carlsbad CA 92011 Interest & Principal 365325 11 0 Fees 531390 134640 134640 Rental 532000 4504433 4504433 Utilities Rebilled 221000 890978 890978 5530051 41800 41800 0 0 0 33000 2740 30260 30260 30260 0 0 0 0 5602111 5602111 0 0 0 0 0 0 406801 406801 3658 3658 163241 163241 34778 34778 347317 347317 1391 1113 278 111689 89351 22338 0 0 0 191521 188632 2889 336 336 9166 7333 1833 9064 7251 1813 0 1974 1974 8880 7104 1776 0 0 1536125 1536125 0 187860 187860 189941 189941 Utilities 1021373 1021373 Repairs & Maintenance 192123 153698 38425 Property Taxes 181551 181551 License & Premits 21542 17234 4308 69008 63673 5335 4689339 4608370 80969 0 1807864 938965 1236292 1133398 0 219961 1257718 0 0 0 0 32790 48511 33196522 1068689 31346342 32127833 0 0 0 654531 606052 2 0 35297782 36112477 390469 681079 41905 21768 8205000 8125000 128939 128939 23775839 23475677 427039 438651 32969191 32871114 X 1092299 2107965 1236292 1133398 2328591 3241363 35297782 36112477 912772 X false true X false false X 0 1280530 2295089 4842213 5490269 5560311 19468412 0 0 0 1280530 2295089 4842213 5490269 5560311 19468412 0 0 19468412 885 2049 710 9993 41800 55437 0 885 2049 710 9993 41800 55437 0 0 1281415 2297138 4842923 5500262 5602111 19523849 0.99720 0.99900 0.00280 0.00100 X 28787368 28787368 3120000 965502 2154498 1142400 51744 1090656 75283 43472 31811 71471 7971 63500 32127833 Accrued Interest 265014 Tenant Security Deposits 173637 438651 X 13307919 7705808 7705808 5602111 5602111 11720790 7031451 7031451 4689339 4689339 Part X : FIN48 Footnote The Organization and all wholly owned separate legal entities are exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code (Code) and California Revenue and Taxation Code Section 23701(d). Accordingly, no provision for federal or state income taxes are included in the consolidated financial statements or on the separate tax returns. In addition, the Organization has been determined by the Internal Revenue Service not to be a private foundation within the meaning of Section 509(a) of the Code. Accounting standards require an organization to evaluate its tax positions and provide for a liability for any positions that would not be considered more likely than not to be upheld under a tax authority examination. Management has evaluated its tax positions and has concluded that a provision for a tax liability is not necessary for the years ended December 31, 2023 and 2022. Generally, information returns remain open for examination for a period of three (federal) or four (state of California) years from the date of filing. The IRS recognizes a group of organizations as tax-exempt if they are affiliated with a central organization. This avoids the need for each of the organizations to apply for exemption individually. A group exemption letter from the IRS has the same effect as an individual exemption letter except that it applies to more than one organization. The five corporations which are legally separate entities from the Parent Organization are exempt from taxation under the Organization's group exemption granted September 23, 2010. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Income reported on Parent 990 $8523311 Consolidated revenue eliminated for audi $-817503 Part XII, Line 2d: Other expenses and losses per audited F/S Expenses reported on Parent 990 $7856779 Consolidated expenses eliminated for aud $-825328 X X false false false false false false false false false Maurice A Priest President 180000 180000 A California Municipal Fina 201563466 13049SCU6 2020-02-01 7960000 Purchase of Royal York false false false B California Municipal Fina 201563466 13049SCW2 2020-02-01 385000 Purchase of Royal York false false false A 7960000 454646 155356 7094147 7349998 2020 false true true B 220000 385000 255851 129149 2020 false true true A true false false false false false true false B true false false false false false false Resident Owned Parks Inc Parent Cash Flow X 128939 128939 false false false 128939 Law Office Maurice Priest Director Legal counsel false ACI Friendly Village Inc Subordinate 185169 Management Fees Paid false ROP Blue Spruce Inc Subordinate 47903 Management Fees Paid false ACI Royal York Inc Subordinate 36585 Management Fees Paid false ACI Valleybrook Village Subordinate 18233 Management Fees Paid false Affordable Communities I Subordinate 59427 Management Fees Paid false Schedule L, Part V Supplemental Information Management fees paid to parent.Law office of Maurice Priest is owned by the Organizations Board President and Executive Director. Form 990, Part VI, Section A, Line 2 Maurice A. Priest, President and Director, and Diane Priest, COO/Secretary/Treasurer and Director, are husband and wife. Form 990, Part VI, Section A, Line 3 All subordinate organizations are managed by parent organization, a monthly fee for managed services is paid by the subordinate organization to the parent for these services. All subordinate organizations are managed as one entity at the parent level. Form 990, Part VI, Section B, Line 11b The Organization hires an outside CPA firm to prepare the 990, before filing the CPA firm provides a draft copy of the 990 for review and approval by management of the Organization. Form 990, Part VI, Section C, Line 18 Consolidated audited financial, which include the activities of the parent reported on a separate 990, are available upon written request. Form 990, Part VI, Section C, Line 19 No documents available to the public. Resident Owned Parks Inc 7420 Greenhaven Dr Suite 125 Sacramento CA 95831 300053792 Parent Organization CA 501(c)(3) 509(c)(2) N/A false false false false true false false false false false false false true false false true false false false false Resident Owned Parks Inc d 128939 FMV at BS Date Resident Owned Parks Inc l 347317 Cash Paid Resident Owned Parks Inc o 608478 Cash Paid