Affordability Project INC FY2021 filing

Tax-deductible

San Francisco, CA501(c)(3)HousingEIN 85-0941543Revenue $125K in FY2021

On file with the IRSaffordabilityproject.com3364 Sacramento St, 94118-1912 · San Francisco, CATax-exempt since Mar 2022Publicly supported charity — 170(b)(1)(A)(vi)

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To provide affordable housing units to low and middle income individuals and their families that are public service providers that support critical local infrastructures in the san francisco bay area and surrounding counties, including but not limited to government employees, teachers, police officers, firefighters, public health workers, nurses and other first responders.

501(c)(3) charity; gifts are tax-deductible.
$63K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2021 · Form 990-EZIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990-EZ
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $2.8M a year · 92% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Pay to officers and key staff
$63K
to officers and key staff
No data yet: the filing does not give pay as a share of spending.
Pt VII · Sec A
Named funders
7
named funders · $3.2M
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$14K
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$125K
Net assets
$20K
By yearFY2020–FY2024
Revenue
$125K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2020$0
FY2021$125K
FY2022$4.3M
FY2023$1.1M
FY2024$3.8M
Expenses
—
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$206K
FY2023$263K
FY2024$295K
Net assets
$20K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2020$0
FY2021$20K
FY2022$4.1M
FY2023$4.9M
FY2024$8.4M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

6 people listed on the 990-EZ; $63K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director (from 7/2021)
$62,677Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President and Director
$0Pt VII · Sec A
Secretary and Director
$0Pt VII · Sec A
Treasurer and Director
$0Pt VII · Sec A

Tim Szarnicki’s $253K as Executive Director is at the 94th percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Tim Szarnicki$252,599$214,160$197,297$62,677

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Programs and updates

Builds affordable homes for Bay Area public service providers like teachers and first responders.

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Provided by the organization

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 7 funders →

By the numbers

The FY2021 990-EZ, line by line.

1The main four
Money in
$125K
Other income$125K
Owns and owes
$20K
net assets
Liabilities$14K
People
6
listed
Paid1
2In more detail
Revenue in detail
Other income$125K
Total revenue$125K
Assets in detailEnd of year
Liabilities$14K
Net assets$20K
Operations
Employees1
Volunteers6
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.8M$295K$3.5M$8.4M 990 PDF
FY2023 $1.1M$263K$883K$4.9M 990 PDF
FY2022 $4.3M$206K$4.1M$4.1M 990 PDF
FY2021 Viewing $125K$20K 990 PDF
FY2020 $0$0 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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