Civic Intelligence

Ahepa-Penelope 120 Inc.

990 • Fiscal year 2022 • EIN 04-3401165

Jul 01, 2021 to Jun 30, 2022 • Filed on May 04, 2023

98 Central StreetPeabody, MA 01960

(978) 531-5883

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.23x

Higher debt load relative to assets than 70% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

90th percentile

1.45x

Higher debt load relative to revenue than 90% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

10th percentile

-34%

Higher net margin than 10% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

32nd percentile

-4.0%

Faster asset growth than 32% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

37th percentile

-1.5%

Faster revenue growth than 37% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$3,287,106

Down $136,774 (-4.0%) from 2021

Net Assets

Down

$2,547,379

Down $171,159 (-6.3%) from 2021

Liabilities

Up

$739,727

Up $34,385 (+4.9%) from 2021

Revenue

Down

$509,986

Down $7,858 (-1.5%) from 2021

Expenses

Up

$681,145

Up $72,330 (+12%) from 2021

Net Income

Down

-$171,159

Down $80,188 (-88%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $4,358,646Liabilities 2010: $5,248,814Net Assets 2010: -$890,1682010Assets 2011: $4,294,388Liabilities 2011: $5,247,143Net Assets 2011: -$952,7552011Assets 2012: $4,234,332Liabilities 2012: $5,245,177Net Assets 2012: -$1,010,8452012Assets 2013: $4,081,108Liabilities 2013: $5,198,373Net Assets 2013: -$1,117,2652013Assets 2014: $3,974,819Liabilities 2014: $5,218,846Net Assets 2014: -$1,244,0272014Assets 2015: $3,844,581Liabilities 2015: $5,220,416Net Assets 2015: -$1,375,8352015Assets 2016: $3,750,968Liabilities 2016: $5,279,131Net Assets 2016: -$1,528,1632016Assets 2017: $3,668,067Liabilities 2017: $5,152,118Net Assets 2017: -$1,484,0512017Assets 2018: $3,641,880Liabilities 2018: $5,159,678Net Assets 2018: -$1,517,7982018Assets 2019: $3,551,938Liabilities 2019: $5,167,309Net Assets 2019: -$1,615,3712019Assets 2020: $3,509,910Liabilities 2020: $5,177,096Net Assets 2020: -$1,667,1862020Assets 2021: $3,423,880Liabilities 2021: $705,342Net Assets 2021: $2,718,5382021Assets 2022: $3,287,106Liabilities 2022: $739,727Net Assets 2022: $2,547,3792022Assets 2023: $3,155,219Liabilities 2023: $724,959Net Assets 2023: $2,430,2602023Assets 2024: $3,061,790Liabilities 2024: $740,331Net Assets 2024: $2,321,4592024Assets 2025: $2,992,338Liabilities 2025: $731,962Net Assets 2025: $2,260,3762025

Highlighted filing

2022

Assets$3,287,106
Liabilities$739,727
Net Assets$2,547,379

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $494,9882010Expenses 2011: $491,7882011Expenses 2012: $498,0072012Revenue 2013: $440,010Expenses 2013: $546,430Net Income 2013: -$106,4202013Revenue 2014: $442,169Expenses 2014: $568,931Net Income 2014: -$126,7622014Revenue 2015: $439,195Expenses 2015: $571,003Net Income 2015: -$131,8082015Revenue 2016: $418,660Expenses 2016: $570,988Net Income 2016: -$152,3282016Revenue 2017: $583,912Expenses 2017: $539,800Net Income 2017: $44,1122017Revenue 2018: $495,836Expenses 2018: $529,583Net Income 2018: -$33,7472018Revenue 2019: $504,045Expenses 2019: $601,618Net Income 2019: -$97,5732019Revenue 2020: $512,939Expenses 2020: $564,754Net Income 2020: -$51,8152020Revenue 2021: $517,844Expenses 2021: $608,815Net Income 2021: -$90,9712021Revenue 2022: $509,986Expenses 2022: $681,145Net Income 2022: -$171,1592022Revenue 2023: $556,870Expenses 2023: $673,989Net Income 2023: -$117,1192023Revenue 2024: $602,908Expenses 2024: $711,709Net Income 2024: -$108,8012024Revenue 2025: $646,067Expenses 2025: $707,150Net Income 2025: -$61,0832025

Highlighted filing

2022

Revenue$509,986
Expenses$681,145
Net Income-$171,159
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 4, 2023
Return Version
2021v4.2
Gross Receipts
$509,986
Mission and Program Overview

Mission

The corporation was organized to construct, own, and operate an affordable housing apartment community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,988,833$2,878,044▼ $110,789
Prepaid Expenses and Deferred Charges$21,049$28,352▲ $7,303
Cash and Non-Interest-Bearing Accounts$7,953$4,998▼ $2,955
Accounts Receivable$2,785$1,932▼ $853
Total Assets$3,423,880$3,287,106▼ $136,774
Other Assets Total$403,260$373,780▼ $29,480
Liabilities
Unsecured Notes Loans Payable$645,200$645,200→ $0
Accounts Payable and Accrued Expenses$34,052$69,375▲ $35,323
Other Liabilities$23,483$22,263▼ $1,220
Deferred Revenue$2,607$2,889▲ $282
Total Liabilities$705,342$739,727▲ $34,385
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,718,538$2,547,379▼ $171,159
Total Net Assets Fund Balance$2,718,538$2,547,379▼ $171,159
Total Liabilities and Net Assets / Fund Balance$3,423,880$3,287,106▼ $136,774

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,271,461$2,380,807$4,652,268
Land$589,425-$589,425
Other Land Buildings$16,993$108,625$125,618
Equipment$165$20,794$20,959
Other Assets Org$24,486--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$509,777
Investment Income
$20
Other Revenue
$189
Change in Net Assets
$-171,159

Audited Revenue Reconciliation

Revenue per Audited Statements
$509,986
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$509,986
Total Revenue per Form 990
$509,986
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$681,145
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$139,100--$139,100
Occupancy$138,253--$138,253
Fees for Services Management-$56,272-$56,272
Insurance$45,025--$45,025
All Other Expenses$22,926--$22,926
Other Expenses$15,516--$15,516
Fees for Services Accounting-$10,783-$10,783
Information Technology$6,244--$6,244
Office Expenses$4,218--$4,218
Conferences and Meetings-$1,997-$1,997
Travel$1,164--$1,164
Total Functional Expenses$612,093$69,052$0$681,145

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$681,145
Total Expenses per Audited Statements$681,145
Total Expenses per Form 990$681,145
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$22,263
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The corporation is managed by ahepa affordable management company, inc., an affiliate of a ahepa national housing corporation. Ahepa affordable management company, inc. Has a project owner's and management agent's certification for multifamily housing projects with the us department of housing and urban development (hud). Under this certification, hud has approved ahepa affordable management company, inc to manage the underlying project of the corporation. The management contract encompasses the day to day operations of the project including, but not limited to, collection of rents, maintenance of facilities, supervision of staff, and outgoing support for both the owners and tenants as needed in order to establish a safe, sanitary and affordable environment.

Form 990, Part VI, Section A, Line 6

The membership of the corporation shall be held by ahepa national housing corporation, inc.

Form 990, Part VI, Section A, Line 7A

The directors of the corporation shall, at all times be, limited to individuals who are either members of the board of directors of ahepa national housing corporation, the sponsoring organization, or nonmembers who have the approval of the said sponsoring organization. In the event that a director ceases to be a member of ahepa national housing corporation, or if the aforesaid approval is withdrawn, then in either event, such shall constitute automatic resignation as a member and director of the corporation.

Form 990, Part VI, Section A, Line 7B

Vacancies on the board of directors shall be filled upon approval of ahepa national housing corporation.

Form 990, Part VI, Section B, Line 11B

The irs form 990 is initially reviewed by the management company and then provided to the board of directors for review and final approval before filing the return.

Form 990, Part VI, Section B, Line 12C

Review the policy on an annual basis with the board of directors to make sure that everyone is complying.

Form 990, Part VI, Section C, Line 19

The form 990 and all related financial and policy information are made available to the public upon written request.

FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B:

All of the officers, directors, and employees listed in part vii, section a perform similar duties and have similar responsibilities for related organizations as they do for this organization. Their total hours worked per week for this organization are similar to their hours worked for related organizations both in terms of number of hours and type of work performed.

Filing and Contact Details

Filer

Filer Name
Ahepapenelope 120 Inc
EIN
04-3401165
Phone
9785315883
Address
98 CENTRAL STREET, PEABODY, MA 01960

Signing Officer

Name
Alexis Zarkades
Title
President
Phone
9785315883
Signed
2023-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alexis Zarkades
Formed
1998
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Clark Schaefer Hackett & Co
Address
14 EAST MAIN STREET SUITE 500, SPRINGFIELD, OH 45502
Preparer
Renea R Irick
Phone
9373992000
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The process has not changed from prior years.

Financial Statement Notes

PART X, LINE 2:

No provision or benefit for income taxes has been included in these financial statements since the organization was organized as a not-for-profit corporation and has secured tax exempt status under section 501(c)(3) of the internal revenue code and did not have any unrelated business income for the years ended june 30, 2022 and 2021. The organization has determined that all income tax filing positions would be sustained upon examination and accordingly, the organization has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions pursuant to asc 740 income taxes as of june 30, 2022 and 2021.

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IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt061
IRS990/PYOtherExpensesAmt0608815
IRS990/PYOtherRevenueAmt0970
IRS990/PYProgramServiceRevenueAmt0516813
IRS990/PYRevenuesLessExpensesAmt0-90971
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0608815
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0517844
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-171159
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0509777
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt020
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt061
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0890
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0872
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt058
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01901
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0509777
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0516813
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0504883
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0502123
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0494699
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02528295
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt020
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt061
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0890
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0872
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt058
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01901
IRS990ScheduleA/InvestmentIncomeCYPct00.00070
IRS990ScheduleA/InvestmentIncomePYPct00.00080
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0189
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0970
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt07166
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01051
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01079
IRS990ScheduleA/OtherIncome509Grp/TotalAmt010455
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99510
IRS990ScheduleA/PublicSupportPY509Pct00.99460
IRS990ScheduleA/PublicSupportTotal509Amt02528295
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0509777
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0516813
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0504883
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0502123
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0494699
IRS990ScheduleA/Total509Grp/TotalAmt02528295
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0509986
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0517844
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0512939
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0504046
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0495836
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02540651
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02271461
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02380807
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04652268
IRS990ScheduleD/EquipmentGrp/BookValueAmt0165
IRS990ScheduleD/EquipmentGrp/DepreciationAmt020794
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt020959
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0681145
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0589425
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0589425
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt093237
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1256057
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt224486
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt016993
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0108625
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0125618
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022263
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0509986
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NO PROVISION OR BENEFIT FOR INCOME TAXES HAS BEEN INCLUDED IN THESE FINANCIAL STATEMENTS SINCE THE ORGANIZATION WAS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION AND HAS SECURED TAX EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2022 AND 2021. THE ORGANIZATION HAS DETERMINED THAT ALL INCOME TAX FILING POSITIONS WOULD BE SUSTAINED UPON EXAMINATION AND ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS PURSUANT TO ASC 740 INCOME TAXES AS OF JUNE 30, 2022 AND 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02878044
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0373780
IRS990ScheduleD/TotalExpensesPerForm990Amt0681145
IRS990ScheduleD/TotalLiabilityAmt022263
IRS990ScheduleD/TotalRevenuePerForm990Amt0509986
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0509986
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0681145
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS MANAGED BY AHEPA AFFORDABLE MANAGEMENT COMPANY, INC., AN AFFILIATE OF A AHEPA NATIONAL HOUSING CORPORATION. AHEPA AFFORDABLE MANAGEMENT COMPANY, INC. HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). UNDER THIS CERTIFICATION, HUD HAS APPROVED AHEPA AFFORDABLE MANAGEMENT COMPANY, INC TO MANAGE THE UNDERLYING PROJECT OF THE CORPORATION. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND OUTGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERSHIP OF THE CORPORATION SHALL BE HELD BY AHEPA NATIONAL HOUSING CORPORATION, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DIRECTORS OF THE CORPORATION SHALL, AT ALL TIMES BE, LIMITED TO INDIVIDUALS WHO ARE EITHER MEMBERS OF THE BOARD OF DIRECTORS OF AHEPA NATIONAL HOUSING CORPORATION, THE SPONSORING ORGANIZATION, OR NONMEMBERS WHO HAVE THE APPROVAL OF THE SAID SPONSORING ORGANIZATION. IN THE EVENT THAT A DIRECTOR CEASES TO BE A MEMBER OF AHEPA NATIONAL HOUSING CORPORATION, OR IF THE AFORESAID APPROVAL IS WITHDRAWN, THEN IN EITHER EVENT, SUCH SHALL CONSTITUTE AUTOMATIC RESIGNATION AS A MEMBER AND DIRECTOR OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3VACANCIES ON THE BOARD OF DIRECTORS SHALL BE FILLED UPON APPROVAL OF AHEPA NATIONAL HOUSING CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE IRS FORM 990 IS INITIALLY REVIEWED BY THE MANAGEMENT COMPANY AND THEN PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND FINAL APPROVAL BEFORE FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5REVIEW THE POLICY ON AN ANNUAL BASIS WITH THE BOARD OF DIRECTORS TO MAKE SURE THAT EVERYONE IS COMPLYING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ALL OF THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A PERFORM SIMILAR DUTIES AND HAVE SIMILAR RESPONSIBILITIES FOR RELATED ORGANIZATIONS AS THEY DO FOR THIS ORGANIZATION. THEIR TOTAL HOURS WORKED PER WEEK FOR THIS ORGANIZATION ARE SIMILAR TO THEIR HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS AND TYPE OF WORK PERFORMED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd70
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd80
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd90
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd110
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd120
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd130
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd140
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd150
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd160
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd170
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd180
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd190
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd210
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd220
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd230
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd240
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd250
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd260
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd270
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd280
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd290
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd300
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd310
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd320
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd330
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd340
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd350

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.99$0.73$2.26$0.65$0.71$0.06
2024Detailed filing. Detailed filing data is available for this year.$3.06$0.74$2.32$0.60$0.71$0.11
2023Detailed filing. Detailed filing data is available for this year.$3.16$0.72$2.43$0.56$0.67$0.12
2022Detailed filing. Detailed filing data is available for this year.$3.29$0.74$2.55$0.51$0.68$0.17
2021Detailed filing. Detailed filing data is available for this year.$3.42$0.71$2.72$0.52$0.61$0.09
2020Detailed filing. Detailed filing data is available for this year.$3.51$5.18$1.67$0.51$0.56$0.05
2019Detailed filing. Detailed filing data is available for this year.$3.55$5.17$1.62$0.50$0.60$0.10
2018Detailed filing. Detailed filing data is available for this year.$3.64$5.16$1.52$0.50$0.53$0.03
2017Detailed filing. Detailed filing data is available for this year.$3.67$5.15$1.48$0.58$0.54$0.04
2016Detailed filing. Detailed filing data is available for this year.$3.75$5.28$1.53$0.42$0.57$0.15
2015Detailed filing. Detailed filing data is available for this year.$3.84$5.22$1.38$0.44$0.57$0.13
2014Detailed filing. Detailed filing data is available for this year.$3.97$5.22$1.24$0.44$0.57$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.08$5.20$1.12$0.44$0.55$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.23$5.25$1.01$0.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.29$5.25$0.95$0.49
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.36$5.25$0.89$0.49