Civic Intelligence

Ahepa 343 Inc.

990 • Fiscal year 2021 • EIN 04-3708201

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 21, 2022

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

34th percentile

0.02x

Higher debt load relative to assets than 34% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

50th percentile

0.09x

Higher debt load relative to revenue than 50% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

15th percentile

-11%

Higher net margin than 15% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

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.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

22nd percentile

-1.6%

Faster asset growth than 22% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

36th percentile

2.1%

Faster revenue growth than 36% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$2,471,339

Down $40,660 (-1.6%) from 2020

Net Assets

Up

$2,430,831

Up $3,184,632 (+422%) from 2020

Liabilities

Down

$40,508

Down $3,225,292 (-99%) from 2020

Revenue

Up

$454,671

Up $9,392 (+2.1%) from 2020

Expenses

Up

$503,639

Up $15,440 (+3.2%) from 2020

Net Income

Down

-$48,968

Down $6,048 (-14%) from 2020

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

2021

Assets$2,471,339
Liabilities$40,508
Net Assets$2,430,831

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

2021

Revenue$454,671
Expenses$503,639
Net Income-$48,968
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 21, 2022
Return Version
2020v4.2
Gross Receipts
$454,671
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$2,074,610$1,977,947▼ $96,663
Prepaid Expenses and Deferred Charges$17,511$21,774▲ $4,263
Cash and Non-Interest-Bearing Accounts$10,898$7,335▼ $3,563
Accounts Receivable$999$2,295▲ $1,296
Total Assets$2,511,999$2,471,339▼ $40,660
Other Assets Total$407,981$461,988▲ $54,007
Liabilities
Accounts Payable and Accrued Expenses$16,271$23,580▲ $7,309
Other Liabilities$15,609$16,901▲ $1,292
Deferred Revenue$320$27▼ $293
Total Liabilities$32,200$40,508▲ $8,308
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,479,799$2,430,831▼ $48,968
Total Net Assets Fund Balance$2,479,799$2,430,831▼ $48,968
Total Liabilities and Net Assets / Fund Balance$2,511,999$2,471,339▼ $40,660

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,664,585$1,237,315$2,901,900
Land$250,000-$250,000
Equipment$63,362$176,681$240,043
Other Assets Org$13,960--
Compensation and Service Providers

Board Members and Trustees

NameTitle
John MillerPresident
Ronnie RichardsVice President
John PagonisDirector
Lambert LambersonDirector
Nicholas DemasDirector
Tim WeeksDirector
Timothy WippermanDirector
James MitchellHonorary Member
George KaludisSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$453,217
Investment Income
$122
Other Revenue
$1,332
Change in Net Assets
$-48,968

Audited Revenue Reconciliation

Revenue per Audited Statements
$454,671
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$454,671
Total Revenue per Form 990
$454,671
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$503,639
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$96,663--$96,663
Occupancy$80,548--$80,548
Fees for Services Management-$33,767-$33,767
Insurance$21,856--$21,856
Other Expenses$12,576--$12,576
All Other Expenses$12,482--$12,482
Fees for Services Accounting-$10,984-$10,984
Office Expenses$4,729--$4,729
Information Technology$4,381--$4,381
Conferences and Meetings-$472-$472
Fees for Services Legal$20--$20
Interest$13--$13
Total Functional Expenses$458,416$45,223$0$503,639

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$503,639
Total Expenses per Audited Statements$503,639
Total Expenses per Form 990$503,639
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
Security Deposit Liability$16,901
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
No
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 7A

The directors of the corporation shall, at all times be, limited to individuals who are either members of ahepa national housing corporation, the sponsoring organization, or nonmembers who have the approval of the board of directors of the said sponsoring organization. If a director ceases to be a member of ahepa national housing corporation or if the aforementioned 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 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.

Part VII, Section A, Line 1A, Column B

All the officers, directors, and employees listed in part vii, section a, performed 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 hours worked for related organizations both in terms of number of hours worked and type of work performed.

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
2022-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Miller
Formed
2002
Legal Domicile
Tn
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

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 is consistent with 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, 2021 and 2020. 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, 2021 and 2020.

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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017511
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021774
IRS990/PrincipalOfficerNm0JOHN MILLER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE HUD
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0260526
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1192691
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0260526
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1192691
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01534
IRS990/PYOtherExpensesAmt0488199
IRS990/PYOtherRevenueAmt08677
IRS990/PYProgramServiceRevenueAmt0435068
IRS990/PYRevenuesLessExpensesAmt0-42920
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0488199
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0445279
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-48968
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0453217
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/CurrentTaxYearAmt0122
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01534
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01312
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt083
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0151
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03202
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0453217
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0246061
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0213030
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0212724
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0187952
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01312984
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0122
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01534
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01312
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt083
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0151
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03202
IRS990ScheduleA/InvestmentIncomeCYPct00.00240
IRS990ScheduleA/InvestmentIncomePYPct00.00150
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01332
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt08677
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01900
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02053
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02459
IRS990ScheduleA/OtherIncome509Grp/TotalAmt016421
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98530
IRS990ScheduleA/PublicSupportPY509Pct00.98190
IRS990ScheduleA/PublicSupportTotal509Amt01312984
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0453217
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0246061
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0213030
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0212724
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0187952
IRS990ScheduleA/Total509Grp/TotalAmt01312984
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0454671
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0256272
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0216242
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0214860
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0190562
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01332607
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01664585
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01237315
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02901900
IRS990ScheduleD/EquipmentGrp/BookValueAmt063362
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0176681
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0240043
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0503639
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0250000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0250000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0392336
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt117011
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt238681
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt313960
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3PAINTING RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt016901
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0454671
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, 2021 AND 2020. 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, 2021 AND 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01977947
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0461988
IRS990ScheduleD/TotalExpensesPerForm990Amt0503639
IRS990ScheduleD/TotalLiabilityAmt016901
IRS990ScheduleD/TotalRevenuePerForm990Amt0454671
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0454671
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0503639
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 DIRECTORS OF THE CORPORATION SHALL, AT ALL TIMES BE, LIMITED TO INDIVIDUALS WHO ARE EITHER MEMBERS OF AHEPA NATIONAL HOUSING CORPORATION, THE SPONSORING ORGANIZATION, OR NONMEMBERS WHO HAVE THE APPROVAL OF THE BOARD OF DIRECTORS OF THE SAID SPONSORING ORGANIZATION. IF A DIRECTOR CEASES TO BE A MEMBER OF AHEPA NATIONAL HOUSING CORPORATION OR IF THE AFOREMENTIONED APPROVAL IS WITHDRAWN, THEN IN EITHER EVENT, SUCH SHALL CONSTITUTE AUTOMATIC RESIGNATION AS A MEMBER AND DIRECTOR OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3REVIEW THE POLICY ON AN ANNUAL BASIS WITH THE BOARD OF DIRECTORS TO MAKE SURE THAT EVERYONE IS COMPLYING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A, PERFORMED 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 HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS WORKED AND TYPE OF WORK PERFORMED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS IS CONSISTENT WITH PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART VII, SECTION A, LINE 1A, COLUMN B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02511999
IRS990/TotalAssetsEOYAmt02471339
IRS990/TotalAssetsGrp/BOYAmt02511999
IRS990/TotalAssetsGrp/EOYAmt02471339
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt045223
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0458416
IRS990/TotalFunctionalExpensesGrp/TotalAmt0503639
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt032200
IRS990/TotalLiabilitiesEOYAmt040508
IRS990/TotalLiabilitiesGrp/BOYAmt032200
IRS990/TotalLiabilitiesGrp/EOYAmt040508
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02479799
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02430831
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0458416
IRS990/TotalProgramServiceRevenueAmt0453217
IRS990/TotalReportableCompFromOrgAmt00

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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