Civic Intelligence

Ahepa 343 Inc.

990 • Fiscal year 2015 • EIN 04-3708201

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 19, 2016

121 Mason CircleLavergne, TN 37086

(615) 793-4272

Siviq Scores

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

Liabilities / Assets

94th percentile

1.20x

Higher debt load relative to assets than 94% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

97th percentile

8.72x

Higher debt load relative to revenue than 97% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

24th percentile

-6.9%

Higher net margin than 24% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

37th percentile

-2.1%

Faster asset growth than 37% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

36th percentile

-1.5%

Faster revenue growth than 36% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$2,728,080

Down $57,359 (-2.1%) from 2014

Net Assets

Down

-$537,532

Down $25,732 (-5.0%) from 2014

Liabilities

Down

$3,265,612

Down $31,627 (-1.0%) from 2014

Revenue

Down

$374,498

Down $5,635 (-1.5%) from 2014

Expenses

Up

$400,230

Up $1,728 (+0.4%) from 2014

Net Income

Down

-$25,732

Down $7,363 (-40%) from 2014

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2011: $2,861,297Liabilities 2011: $3,289,868Net Assets 2011: -$428,5712011Assets 2012: $2,802,955Liabilities 2012: $3,283,727Net Assets 2012: -$480,7722012Assets 2013: $2,821,082Liabilities 2013: $3,314,513Net Assets 2013: -$493,4312013Assets 2014: $2,785,439Liabilities 2014: $3,297,239Net Assets 2014: -$511,8002014Assets 2015: $2,728,080Liabilities 2015: $3,265,612Net Assets 2015: -$537,5322015Assets 2016: $2,707,187Liabilities 2016: $3,269,352Net Assets 2016: -$562,1652016Assets 2017: $2,654,479Liabilities 2017: $3,269,926Net Assets 2017: -$615,4472017Assets 2018: $2,621,049Liabilities 2018: $3,273,298Net Assets 2018: -$652,2492018Assets 2019: $2,561,053Liabilities 2019: $3,271,934Net Assets 2019: -$710,8812019Assets 2020: $2,511,999Liabilities 2020: $3,265,800Net Assets 2020: -$753,8012020Assets 2021: $2,471,339Liabilities 2021: $40,508Net Assets 2021: $2,430,8312021Assets 2022: $2,407,074Liabilities 2022: $40,496Net Assets 2022: $2,366,5782022Assets 2023: $2,404,400Liabilities 2023: $90,287Net Assets 2023: $2,314,1132023Assets 2024: $2,392,906Liabilities 2024: $43,159Net Assets 2024: $2,349,7472024Assets 2025: $2,419,805Liabilities 2025: $41,280Net Assets 2025: $2,378,5252025

Highlighted filing

2015

Assets$2,728,080
Liabilities$3,265,612
Net Assets-$537,532

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $312,480Expenses 2011: $384,988Net Income 2011: -$72,5082011Expenses 2012: $378,9612012Revenue 2013: $365,418Expenses 2013: $378,077Net Income 2013: -$12,6592013Revenue 2014: $380,133Expenses 2014: $398,502Net Income 2014: -$18,3692014Revenue 2015: $374,498Expenses 2015: $400,230Net Income 2015: -$25,7322015Revenue 2016: $373,299Expenses 2016: $397,932Net Income 2016: -$24,6332016Revenue 2017: $373,207Expenses 2017: $426,489Net Income 2017: -$53,2822017Revenue 2018: $401,736Expenses 2018: $438,538Net Income 2018: -$36,8022018Revenue 2019: $401,474Expenses 2019: $460,106Net Income 2019: -$58,6322019Revenue 2020: $445,279Expenses 2020: $488,199Net Income 2020: -$42,9202020Revenue 2021: $454,671Expenses 2021: $503,639Net Income 2021: -$48,9682021Revenue 2022: $462,590Expenses 2022: $526,843Net Income 2022: -$64,2532022Revenue 2023: $467,106Expenses 2023: $519,571Net Income 2023: -$52,4652023Revenue 2024: $557,416Expenses 2024: $522,353Net Income 2024: $35,0632024Revenue 2025: $588,575Expenses 2025: $559,797Net Income 2025: $28,7782025

Highlighted filing

2015

Revenue$374,498
Expenses$400,230
Net Income-$25,732
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 19, 2016
Return Version
2014v6.0
Gross Receipts
$374,498
Mission and Program Overview

Mission

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

To provide low income housing for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,456,426$2,428,452▼ $27,974
Savings and Temporary Cash Investments$307,353$276,829▼ $30,524
Cash and Non-Interest-Bearing Accounts$12,309$12,666▲ $357
Prepaid Expenses and Deferred Charges$9,351$10,133▲ $782
Total Assets$2,785,439$2,728,080▼ $57,359
Liabilities
Other Liabilities$3,248,255$3,248,141▼ $114
Accounts Payable and Accrued Expenses$48,984$17,471▼ $31,513
Total Liabilities$3,297,239$3,265,612▼ $31,627
Net Assets / Fund Balance
Unrestricted Net Assets$-511,800$-537,532▼ $25,732
Total Net Assets Fund Balance$-511,800$-537,532▼ $25,732
Total Liabilities and Net Assets / Fund Balance$2,785,439$2,728,080▼ $57,359

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,077,698$801,267$2,878,965
Land$250,000-$250,000
Equipment$71,672$26,924$98,596
Other Land Buildings$29,082$35,654$64,736
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$372,678
Investment Income
$133
Other Revenue
$1,687
Change in Net Assets
$-25,732

Audited Revenue Reconciliation

Revenue per Audited Statements
$374,498
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$374,498
Total Revenue per Form 990
$374,498
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$400,230
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
Occupancy$126,134--$126,134
Depreciation Depletion$81,442--$81,442
Fees for Services Management$20,580--$20,580
Fees for Services Accounting$9,690--$9,690
Office Expenses$5,635--$5,635
Information Technology$4,999--$4,999
Other Expenses$2,692--$2,692
Conferences and Meetings$1,988--$1,988
Insurance$1,743--$1,743
Advertising$12--$12
Total Functional Expenses$400,230$0$0$400,230

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$400,230
Total Expenses per Audited Statements$400,230
Total Expenses per Form 990$400,230
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
Capital Advances$3,233,600
Tenant Security Deposits$14,541
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The management function is performed by ahepa management company in fishers, indiana.

Form 990, Part VI, Section B, Line 11

The signer of the form 990 will present it to the board of directors for approval.

Form 990, Part VI, Section C, Line 19

The organization makes its documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Ahepa 343 Inc
EIN
04-3708201
Phone
6157934272
Address
121 MASON CIRCLE, LAVERGNE, TN 37086

Signing Officer

Name
John Miller
Title
President
Phone
6157934272
Signed
2016-03-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Miller
Formed
2002
Legal Domicile
Tn
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Firm
Whittlesey & Hadley Pc
Address
280 TRUMBULL ST 24TH FL, HARTFORD, CT 06103
Preparer
Andrew G Andrews
Phone
8605223111
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The organization has not changed its process during the year.

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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0860443
IRS990ScheduleA/InvestmentIncomePYPct00.00070
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01687
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02256
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0938
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0725
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01184
IRS990ScheduleA/OtherIncome170Grp/TotalAmt06790
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99110
IRS990ScheduleA/PublicSupportPY509Pct00.99530
IRS990ScheduleA/PublicSupportTotal170Amt0890855
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0191419
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0195930
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0191164
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0165810
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0146532
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0890855
IRS990ScheduleA/TotalSupportAmt0898846
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02077698
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0801267
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02878965
IRS990ScheduleD/EquipmentGrp/BookValueAmt071672
IRS990ScheduleD/EquipmentGrp/DepreciationAmt026924
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt098596
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0400230
IRS990ScheduleD/LandGrp/BookValueAmt0250000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0250000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt029082
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt035654
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt064736
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014541
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13233600
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CAPITAL ADVANCES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0374498
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02428452
IRS990ScheduleD/TotalExpensesPerForm990Amt0400230
IRS990ScheduleD/TotalLiabilityAmt03248141
IRS990ScheduleD/TotalRevenuePerForm990Amt0374498
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0374498
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0400230
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MANAGEMENT FUNCTION IS PERFORMED BY AHEPA MANAGEMENT COMPANY IN FISHERS, INDIANA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SIGNER OF THE FORM 990 WILL PRESENT IT TO THE BOARD OF DIRECTORS FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS NOT CHANGED ITS PROCESS DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 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/DisregardedEntityName/BusinessNameLine1Txt0AHEPA NATIONAL HOUSING CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1AHEPA AFFORDABLE HOUSING MANAGEMENT COMPANY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0521295844
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1351867058
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SPONSORING AND GRANTING VARIOUS HUD DEVELOPMENTS FOR ELDERLY/HANDICAPPED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1MANAGEMENT & OPERATION OF AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 9
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 9
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt010706 SKY PRAIRIE ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt110706 SKY PRAIRIE ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0FISHERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1FISHERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd046038
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd146038
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0AHEPA AFFORDABLE MANAGEMENT COMPANY, INC. IS THE MANAGEMENT COMPANY AND EMPLOYS THE INDIVIDUALS WHO WORK AT THE PROJECT. THE PROJECT REIMBURSES THE MANAGEMENT COMPANY FOR THE EMPLOYEE'S SALARIES AND OTHER COSTS ASSOCIATED WITH THEIR EMPLOYMENT.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE R, PART VI, LINE 1N
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02785439
IRS990/TotalAssetsEOYAmt02728080
IRS990/TotalAssetsGrp/BOYAmt02785439
IRS990/TotalAssetsGrp/EOYAmt02728080
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0400230
IRS990/TotalFunctionalExpensesGrp/TotalAmt0400230
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03297239
IRS990/TotalLiabilitiesEOYAmt03265612
IRS990/TotalLiabilitiesGrp/BOYAmt03297239
IRS990/TotalLiabilitiesGrp/EOYAmt03265612
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-511800
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-537532
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0400230
IRS990/TotalProgramServiceRevenueAmt0372678
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0133
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0374365
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0374498

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.42$0.04$2.38$0.59$0.56$0.03
2024Detailed filing. Detailed filing data is available for this year.$2.39$0.04$2.35$0.56$0.52$0.04
2023Detailed filing. Detailed filing data is available for this year.$2.40$0.09$2.31$0.47$0.52$0.05
2022Detailed filing. Detailed filing data is available for this year.$2.41$0.04$2.37$0.46$0.53$0.06
2021Detailed filing. Detailed filing data is available for this year.$2.47$0.04$2.43$0.45$0.50$0.05
2020Detailed filing. Detailed filing data is available for this year.$2.51$3.27$0.75$0.45$0.49$0.04
2019Detailed filing. Detailed filing data is available for this year.$2.56$3.27$0.71$0.40$0.46$0.06
2018Detailed filing. Detailed filing data is available for this year.$2.62$3.27$0.65$0.40$0.44$0.04
2017Detailed filing. Detailed filing data is available for this year.$2.65$3.27$0.62$0.37$0.43$0.05
2016Detailed filing. Detailed filing data is available for this year.$2.71$3.27$0.56$0.37$0.40$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.73$3.27$0.54$0.37$0.40$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.79$3.30$0.51$0.38$0.40$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.82$3.31$0.49$0.37$0.38$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.80$3.28$0.48$0.38
2011Summary only. Only limited summary data is available for this year.$2.86$3.29$0.43$0.31$0.38$0.07
Peer Organizations

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