Nonprofit · EIN 45-5465651
AFFORDA
Tax-exempt · MIDVALE, UT 84047
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $3,873,782 | $1,875,457 | $1,998,325 | $52,914,228 | $24,441,326 | $28,472,902 |
| December 31, 2024 | 990 | $2,504,696 | $1,560,552 | $944,144 | $54,221,445 | $31,602,574 | $22,618,871 |
| December 31, 2023 | 990 | $1,524,718 | $911,269 | $613,449 | $33,671,429 | $11,382,437 | $22,288,992 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $562,391
- of which government grants
- $500,000
- Program service revenue
- $1,371,644
- Investment income
- $1,939,747
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $178,587
- Other salaries and wages
- $245,393
- Salaries, compensation and benefits (total)
- $463,381
- Professional fundraising fees
- $0
- Legal fees
- $46,147
- Accounting fees
- $124,561
- Occupancy
- $29,124
- Travel
- $4,882
- Depreciation
- $7,273
- Program services (functional)
- $1,467,003
- Management and general (functional)
- $408,454
Balance sheet and other
- Total assets, start of year
- $54,221,445
- Total assets, end of year
- $52,914,228
- Total liabilities, end of year
- $24,441,326
- Net assets, end of year
- $28,472,902
- Land, buildings and equipment
- $18,086
- Publicly traded securities
- $6,455,389
- Net assets without donor restrictions
- $20,103,678
- Net assets with donor restrictions
- $8,369,224
- Gross receipts
- $3,873,782
- Employees
- 4
- Volunteers
- 13
- Year formed
- 2012
- State of legal domicile
- UT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIEL ADAMS | EXECUTIVE DIRECTOR Officer | 13.3 | $285,047 | $32,986 |
| AMY THORNTON | CHIEF OPERATING OFFICER Officer | 13.3 | $188,230 | $29,942 |
| LUANN SPANGENBERG | LENDING MANAGER Highest-paid employee | 5 | $113,392 | $0 |
| KIMBERLY CHYTRAUS | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LEE DIAL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MISSY KEY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| TOM CHRISTOPULOS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TRACY ERIKSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JANSEN GUNTHER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEPHEN NELSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CLAUDIA O'GRADY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN RICHARDS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DANNY SHIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHARLENE WILDE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAKE WOOD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELI WILLIS | CHIEF FINANCIAL OFFICER Officer | 13.3 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIEL ADAMS | EXECUTIVE DIRECTOR Officer | 13.34 | $247,500 | $33,346 |
| AMY THORNTON | CHIEF OPERATING OFFICER Officer | 13.34 | $164,795 | $28,124 |
| LUANN SPANGENBERG | LENDING MANAGER Highest-paid employee | 25 | $111,240 | $0 |
| KIMBERLY CHYTRAUS | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| LEE DIAL | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| MISSY KEY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| KISTY MORRIS | FORMER CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| TOM CHRISTOPULOS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN RICHARDS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CLAUDIA O'GRADY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEPHEN NELSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DANNY SHIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHARLENE WILDE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAKE WOOD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ELI WILLIS | CHIEF FINANCIAL OFFICER Officer | 13.34 | $0 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIEL ADAMS | EXECUTIVE DIRECTOR Officer | 13.34 | $241,618 | $32,668 |
| AMY THORNTON | CHIEF OPERATING OFFICER Officer | 13.34 | $159,970 | $27,453 |
| LUANN SPANGENBERG | LENDING MANAGER Highest-paid employee | 35 | $105,911 | $0 |
| PHILLIP MEEKS | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| KIMBERLY CHYTRAUS | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| TODD BOREN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| KISTY MORRIS | FORMER CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| TOM CHRISTOPULOS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LEE DIAL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HOWARD HEADLEE | BOARD MEMBER (THRU 9/23) Trustee or director | 1 | $0 | $0 |
| MISSY KEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HEIDI MILLER | BOARD MEMBER (THRU 9/23) Trustee or director | 1 | $0 | $0 |
| CLAUDIA O'GRADY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAKE ANDEREGG | BOARD MEMBER (FROM 9/23) Trustee or director | 1 | $0 | $0 |
| STEPHEN NELSON | BOARD MEMBER (FROM 9/23) Trustee or director | 1 | $0 | $0 |
| DANNY SHIN | BOARD MEMBER (FROM 9/23) Trustee or director | 1 | $0 | $0 |
| SHARLENE WILDE | BOARD MEMBER (FROM 9/23) Trustee or director | 1 | $0 | $0 |
| JAKE WOOD | BOARD MEMBER (FROM 9/23) Trustee or director | 1 | $0 | $0 |
| SCOTT SIMPSON | BOARD MEMBER (THRU 9/23) Trustee or director | 1 | $0 | $0 |
| ELI WILLIS | CHIEF FINANCIAL OFFICER Officer | 13.34 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6880 S 700 W 2ND FL, MIDVALE, UT 84047-4512
- In care of
- % MICHAEL PLAIZIER
- Principal officer (990 for 2025)
- DANIEL ADAMS, 6880 S 700 W 2ND FL, MIDVALE, UT 84047
- Signed the 990
- DANIEL ADAMS, EXECUTIVE DIRECTOR
- Phone
- (801) 316-9111
- Website
- AFFORDAUTAH.ORG
- Return prepared by
- EIDE BAILLY ADVISORY LLC
Mission
AFFORDA STABILIZES NEIGHBORHOODS THROUGH ITS SUBSIDIARY ORGANIZATIONS BY PROVIDING SINGLE FAMILY AND MULTI-FAMILY AFFORDABLE HOUSING, NEIGHBORHOOD REVITALIZATION, AND SMALL BUSINESS LENDING AND INVESTING. AFFORDA SERVES AS AN UMBRELLA OR PARENT ORGANIZATION FOR SEVERAL ENTITIES WITH THE SAME BOARD OF DIRECTORS AND MANAGEMENT TEAM.
Program accomplishments
- THE UTAH EQUITABLE TRANSIT ORIENTED DEVELOPMENT LOANS (UETOD) IS A STRUCTURED $35 MILLION REVOLVING LOAN FUND. THE LOAN FUND PROVIDES FLEXIBLE SHORT-TERM FINANCING FOR DEVELOPERS TO PURCHASE AND/OR DEVELOP TRANSIT ORIENTED AFFORDABLE HOUSING NEAR PUBLIC TRANSPORTATION THROUGHOUT THE WASATCH FRONT. ALL HOUSING UNITS FINANCED BY THE UETOD WILL BE DESIGNATED FOR RESIDENTS WITH HOUSEHOLD INCOME LESS THAN 80% OF AREA MEDIAN INCOME (AMI). FOR RENTAL PROJECTS, AT LEAST 51% OF THE TOTAL UNITS WILL BE FOR RESIDENTS AT 80% AMI OR BELOW. IN ADDITION, THE FUND WILL ENSURE THAT ALL RENTAL UNITS/HOMES MEET THE ABOVE AFFORDABILITY REQUIREMENTS.BOTH NON-PROFIT AND FOR-PROFIT DEVELOPERS ARE ABLE TO ACCESS THE FUND'S RESOURCES. THE FUND PROVIDES AN ACQUISITION AND PREDEVELOPMENT SOURCE OF CAPITAL TO ALLOW DEVELOPERS TO SECURE KEY PROPERTIES, AND CONSTRUCTION FINANCING FOR THESE SAME PROJECTS. WHEREAS SOME GEOGRAPHIES MAY HAVE A GREATER NEED TO TARGET A LOWER AMI, OTHER AREAS HAVE ALREADY ESTABLISHED ENOUGH HOUSING TO ACCOMMODATE THE DEEPER TARGETS AND ARE LOOKING TO BRING MORE MARKET RATE UNITS TO THE AREA.AS OF DECEMBER 31, 2025, FIVE TRANSIT-ORIENTED DEVELOPMENT LOANS WERE ISSUED AND OUTSTANDING FOR A TOTAL OF $19,156,000. OF THAT TOTAL, $7,259,000 OF THE $10,500,000 TOP LOSS WAS COMMITTED FOR THE NINE TRANSIT-ORIENTED DEVELOPMENT PROJECTS. AFFORDABLE UNITS PROVIDED BY THE UETOD PROGRAM HAVE IMPACTED AN ESTIMATED 8,318 UTAHNS.Expenses $1,243,986 · revenue $1,147,868
- THROUGH AFFORDA FINANCE, AFFORDA PROVIDES LOAN PRODUCTS TO SINGLE FAMILY AND MULTI-FAMILY AFFORDABLE HOUSING NON-PROFITS. THESE PRODUCTS HELP STABILIZE AND REVITALIZE UTAH NEIGHBORHOODS. AS OF DECEMBER 31, 2025, TWO LOANS WERE ISSUED AND OUTSTANDING TOTALING $1,363,000.Expenses $134,569 · revenue $218,109
- UTAH SMALL BUSINESS GROWTH INITIATIVE (USBGI) IS A LIMITED LIABILITY COMPANY ORGANIZED IN THE STATE OF UTAH ON JUNE 11, 2012 FOR THE PURPOSE OF CREATING JOBS AND STABILIZING UTAH'S NEIGHBORHOODS BY PROVIDING GROWING BUSINESSES WITH ACCESS TO CAPITAL. USBGI'S PROGRAM SERVICES INCLUDE, A) PROVIDING EARLY STAGE INVESTMENT CAPITAL, B) FACILITATING LOAN GUARANTEES TO SMALL BUSINESSES BETWEEN FINANCIAL INSTITUTIONS AND THE STATE OF UTAH, AND C) PARTICIPATING IN LOANS ALONGSIDE OTHER FINANCIAL INSTITUTIONS. TO DATE, USBGI HAS BEEN ABLE TO LEVERAGE APPROXIMATELY $8.5 MILLION IN FUNDS TO GIVE SMALL BUSINESSES ACCESS TO APPROXIMATELY $50 MILLION IN CAPITAL TO HELP GROW THEIR BUSINESSES. THAT CAPITAL WAS REPORTED TO HAVE HELPED TO CREATE APPROXIMATELY 550 JOBS AND RETAIN APPROXIMATELY 1,800 JOBS. CAPITAL HAS BEEN MADE AVAILABLE TO WOMEN-OWNED AND MINORITY-OWNED BUSINESSES IN LOW-INCOME AND RURAL AREAS. USBGI IS A WHOLLY-OWNED SUBSIDIARY OF THE NONPROFIT AFFORDA. AFFORDA SERVES AS AN UMBRELLA ORGANIZATION FOR SEVERAL DIFFERENT ENTITIES IN ADDITION TO USBGI.Expenses $1,975 · revenue $5,667
- IN DECEMBER OF 2025, AFFORDA CLOSED A SECOND, $28,000,000 REVOLVING LOAN FUND. THE AFFORDA ACQUISITION LOAN FUND (AAL) PROVIDES FLEXIBLE SHORT-TERM FINANCING FOR DEVELOPERS TO PURCHASE AND/OR DEVELOP AFFORDABLE HOUSING THROUGHOUT THE STATE OF UTAH. SIMILAR TO THE UETOD FUND, UNITS FINANCED BY THE AAL FUND WILL BE DESIGNATED FOR RESIDENTS WITH HOUSEHOLD INCOME LESS THAN 80% OF AREA MEDIAN INCOME (AMI). FOR RENTAL PROJECTS, AT LEAST 51% OF THE TOTAL UNITS WILL BE FOR RESIDENTS AT 80% AMI OR BELOW. IN ADDITION, THE FUND WILL ENSURE THAT ALL RENTAL UNITS/HOMES MEET THE ABOVE AFFORDABILITY REQUIREMENTS.THE AAL FUND ALSO PROVIDES ACQUISITION AND PREDEVELOPMENT CAPITAL TO ALLOW DEVELOPERS TO SECURE KEY PROPERTIES, AND CONSTRUCTION FINANCING.AS OF DECEMBER 31, 2025, THE AAL FUND DID NOT HAVE ANY LOANS OUTSTANDING.Expenses $86,473
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-5465651
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $52,914,228
- Income (IRS master file)
- $3,873,782
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $3,873,782 | $1,875,457 | $52,914,228 | XML |
| 990 | December 2024 | $2,504,696 | $1,560,552 | $54,221,445 | XML |
| 990 | December 2023 | $1,524,718 | $911,269 | $33,671,429 | XML |
| 990 | December 2022 | $605,933 | $658,120 | $35,451,079 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-5465651).
Questions about AFFORDA
- What is the EIN of AFFORDA?
- The employer identification number (EIN) of AFFORDA is 45-5465651.
- Is AFFORDA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to AFFORDA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AFFORDA file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AFFORDA due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AFFORDA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of AFFORDA?
- The 990 for the year ended December 31, 2025 names DANIEL ADAMS.
- Who are the officers and directors of AFFORDA?
- The 990 for the year ended December 31, 2025 lists 16 people; 3 received compensation from the organization, the highest $285,047 (DANIEL ADAMS, EXECUTIVE DIRECTOR).
- How much revenue does AFFORDA have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $3,873,782, expenses of $1,875,457 and total assets of $52,914,228 at year end.
Other nonprofits in MIDVALE
- HOUSING PLUS EIN 27-3541853 · last filed 990 for 2025
- UTAH CENTER FOR AFFORDABLE HOUSING EIN 27-0173489 · last filed 990 for 2025
- MY HOUSE EIN 81-0883757 · last filed 990-EZ for 2025
- UNION WOODS PARK HOMEOWNERS ASSOCIATION EIN 87-0631879 · last filed 990-N for 2025
- EYE CARE FOR KIDS EIN 87-0675404 · last filed 990 for 2025
- SORENSON LEGACY FOUNDATION EIN 45-3240491 · last filed 990-PF for 2024
- JOAN AND TIM FENTON FAMILY FOUNDATION EIN 81-1409665 · last filed 990-PF for 2024
- UTAH PARTNERS FOR HEALTH EIN 27-0021804 · last filed 990 for 2024