Civic Intelligence

Ahepa 58 Inc.

990 • Fiscal year 2021 • EIN 06-1084245

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 07, 2022

1532 Berlin TpkeWethersfield, CT 06109

(860) 956-6474

Siviq Scores

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

Liabilities / Assets

71st percentile

0.33x

Higher debt load relative to assets than 71% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

92nd percentile

2.81x

Higher debt load relative to revenue than 92% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

10th percentile

-17%

Higher net margin than 10% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

16th percentile

-2.9%

Faster asset growth than 16% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

33rd percentile

1.6%

Faster revenue growth than 33% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Down

$9,331,036

Down $275,312 (-2.9%) from 2020

Net Assets

Up

$6,247,683

Up $7,676,703 (+537%) from 2020

Liabilities

Down

$3,083,353

Down $7,952,015 (-72%) from 2020

Revenue

Up

$1,098,658

Up $17,024 (+1.6%) from 2020

Expenses

Up

$1,283,001

Up $82,102 (+6.8%) from 2020

Net Income

Down

-$184,343

Down $65,078 (-55%) from 2020

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2010: $8,968,746Liabilities 2010: $9,391,768Net Assets 2010: -$423,0222010Assets 2011: $8,821,884Liabilities 2011: $9,380,367Net Assets 2011: -$558,4832011Assets 2012: $8,664,298Liabilities 2012: $9,403,108Net Assets 2012: -$738,8102012Assets 2013: $8,526,724Liabilities 2013: $9,438,628Net Assets 2013: -$911,9042013Assets 2014: $8,373,089Liabilities 2014: $9,486,430Net Assets 2014: -$1,113,3412014Assets 2015: $8,199,000Liabilities 2015: $9,434,353Net Assets 2015: -$1,235,3532015Assets 2016: $8,004,104Liabilities 2016: $9,363,644Net Assets 2016: -$1,359,5402016Assets 2017: $7,857,072Liabilities 2017: $9,268,179Net Assets 2017: -$1,411,1072017Assets 2018: $9,630,245Liabilities 2018: $11,121,932Net Assets 2018: -$1,491,6872018Assets 2019: $9,775,793Liabilities 2019: $11,085,548Net Assets 2019: -$1,309,7552019Assets 2020: $9,606,348Liabilities 2020: $11,035,368Net Assets 2020: -$1,429,0202020Assets 2021: $9,331,036Liabilities 2021: $3,083,353Net Assets 2021: $6,247,6832021Assets 2022: $9,040,504Liabilities 2022: $3,002,837Net Assets 2022: $6,037,6672022Assets 2023: $8,908,942Liabilities 2023: $3,020,666Net Assets 2023: $5,888,2762023Assets 2024: $8,997,803Liabilities 2024: $2,923,708Net Assets 2024: $6,074,0952024

Highlighted filing

2021

Assets$9,331,036
Liabilities$3,083,353
Net Assets$6,247,683

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $789,6102010Expenses 2011: $928,5122011Expenses 2012: $947,5842012Revenue 2013: $786,701Expenses 2013: $959,795Net Income 2013: -$173,0942013Revenue 2014: $805,766Expenses 2014: $1,007,203Net Income 2014: -$201,4372014Revenue 2015: $901,418Expenses 2015: $1,023,430Net Income 2015: -$122,0122015Revenue 2016: $919,945Expenses 2016: $1,044,132Net Income 2016: -$124,1872016Revenue 2017: $941,411Expenses 2017: $992,978Net Income 2017: -$51,5672017Revenue 2018: $964,646Expenses 2018: $1,045,226Net Income 2018: -$80,5802018Revenue 2019: $1,341,863Expenses 2019: $1,159,931Net Income 2019: $181,9322019Revenue 2020: $1,081,634Expenses 2020: $1,200,899Net Income 2020: -$119,2652020Revenue 2021: $1,098,658Expenses 2021: $1,283,001Net Income 2021: -$184,3432021Revenue 2022: $1,115,385Expenses 2022: $1,272,060Net Income 2022: -$156,6752022Revenue 2023: $1,163,137Expenses 2023: $1,319,373Net Income 2023: -$156,2362023Revenue 2024: $1,234,028Expenses 2024: $1,316,814Net Income 2024: -$82,7862024

Highlighted filing

2021

Revenue$1,098,658
Expenses$1,283,001
Net Income-$184,343
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 7, 2022
Return Version
2020v4.2
Gross Receipts
$1,098,658
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$8,032,681$7,706,670▼ $326,011
Savings and Temporary Cash Investments$338,863$363,258▲ $24,395
Cash and Non-Interest-Bearing Accounts$107,529$65,677▼ $41,852
Prepaid Expenses and Deferred Charges$42,971$37,768▼ $5,203
Accounts Receivable$1,938$3,855▲ $1,917
Total Assets$9,606,348$9,331,036▼ $275,312
Other Assets Total$1,082,366$1,153,808▲ $71,442
Liabilities
Unsecured Notes Loans Payable$3,065,573$2,969,613▼ $95,960
Accounts Payable and Accrued Expenses$79,500$83,053▲ $3,553
Other Liabilities$50,424$29,566▼ $20,858
Deferred Revenue$464$1,121▲ $657
Total Liabilities$3,195,961$3,083,353▼ $112,608
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,410,387$6,247,683▼ $162,704
Total Net Assets Fund Balance$6,410,387$6,247,683▼ $162,704
Total Liabilities and Net Assets / Fund Balance$9,606,348$9,331,036▼ $275,312

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,369,694$3,896,840$11,266,534
Land$250,000-$250,000
Equipment$86,976$151,857$238,833
Other Assets Org$31,270--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,078,353
Investment Income
$2,991
Other Revenue
$17,314
Change in Net Assets
$-184,343

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,095,902
Revenue Not Reported on Financial Statements
$2,756
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$2,756
Total Revenue per Audited Statements
$1,095,902
Total Revenue per Form 990
$1,098,658
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,283,001
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$332,725--$332,725
Occupancy$158,683--$158,683
Interest$107,691--$107,691
Fees for Services Management-$78,400-$78,400
Insurance$61,746--$61,746
All Other Expenses$57,916--$57,916
Other Expenses$21,592--$21,592
Fees for Services Accounting-$20,257-$20,257
Information Technology$8,323--$8,323
Office Expenses$4,356--$4,356
Conferences and Meetings-$2,011-$2,011
Fees for Services Legal$1,211--$1,211
Advertising$200--$200
Travel$88--$88
Total Functional Expenses$1,182,333$100,668$0$1,283,001

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,283,001
Total Expenses per Audited Statements$1,283,001
Total Expenses per Form 990$1,283,001
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
Tenant Security Deposits$29,566
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 8B

There are no committees with the authority to act on behalf of the board of directors.

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 12

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 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 58 Inc
EIN
06-1084245
Phone
8609566474
Address
1532 BERLIN TPKE, WETHERSFIELD, CT 06109

Signing Officer

Name
Andreas Kapetanopoulos
Title
President
Phone
8609566474
Signed
2022-03-07
Discuss with paid preparer
Yes

Organization Details

Formed
1987
Legal Domicile
Ct
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

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.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Financial income not on audit

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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt037768
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE HUD
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0790173
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1288180
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0790173
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1288180
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02397
IRS990/PYOtherExpensesAmt01200899
IRS990/PYOtherRevenueAmt019021
IRS990/PYProgramServiceRevenueAmt01060216
IRS990/PYRevenuesLessExpensesAmt0-119265
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01200899
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01081634
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-184343
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01078353
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0338863
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0363258
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/FormAndLineReferenceDesc0FORM 990, SCHEDULE A, PART III, LINE 2
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0235
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0904
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0945
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0781
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0735
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03600
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01078353
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01060216
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0998027
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0961348
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0936821
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05034765
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0235
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0904
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0945
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0781
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0735
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03600
IRS990ScheduleA/InvestmentIncomeCYPct00.00070
IRS990ScheduleA/InvestmentIncomePYPct00.00080
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt017314
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt019021
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt05521
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02517
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03855
IRS990ScheduleA/OtherIncome509Grp/TotalAmt048228
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98980
IRS990ScheduleA/PublicSupportPY509Pct00.99200
IRS990ScheduleA/PublicSupportTotal509Amt05034765
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01078353
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01060216
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0998027
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0961348
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0936821
IRS990ScheduleA/Total509Grp/TotalAmt05034765
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01095902
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01080141
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01004493
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0964646
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0941411
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05086593
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt07369694
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03896840
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011266534
IRS990ScheduleD/EquipmentGrp/BookValueAmt086976
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0151857
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0238833
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01283001
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0250000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0250000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0662143
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt176377
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt231195
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3352823
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt431270
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE HUD
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PAINTING RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESIDUAL RECEIPTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt029566
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt02756
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt02756
IRS990ScheduleD/RevenueSubtotalAmt01095902
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/ExplanationTxt1FINANCIAL INCOME NOT ON AUDIT
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07706670
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01153808
IRS990ScheduleD/TotalExpensesPerForm990Amt01283001
IRS990ScheduleD/TotalLiabilityAmt029566
IRS990ScheduleD/TotalRevenuePerForm990Amt01098658
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01095902
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01283001
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/ExplanationTxt1THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS.
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 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART 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/TotalAssetsBOYAmt09606348
IRS990/TotalAssetsEOYAmt09331036
IRS990/TotalAssetsGrp/BOYAmt09606348
IRS990/TotalAssetsGrp/EOYAmt09331036
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0100668
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01182333
IRS990/TotalFunctionalExpensesGrp/TotalAmt01283001
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03195961
IRS990/TotalLiabilitiesEOYAmt03083353
IRS990/TotalLiabilitiesGrp/BOYAmt03195961
IRS990/TotalLiabilitiesGrp/EOYAmt03083353
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06410387
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06247683
IRS990/TotalOtherCompensationAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.00$2.92$6.07$1.23$1.32$0.08
2023Detailed filing. Detailed filing data is available for this year.$8.91$3.02$5.89$1.16$1.32$0.16
2022Detailed filing. Detailed filing data is available for this year.$9.04$3.00$6.04$1.12$1.27$0.16
2021Detailed filing. Detailed filing data is available for this year.$9.33$3.08$6.25$1.10$1.28$0.18
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.61$11.0$1.43$1.08$1.20$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.78$11.1$1.31$1.34$1.16$0.18
2018Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$9.63$11.1$1.49$0.96$1.05$0.08
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.86$9.27$1.41$0.94$0.99$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.00$9.36$1.36$0.92$1.04$0.12
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.20$9.43$1.24$0.90$1.02$0.12
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$8.37$9.49$1.11$0.81$1.01$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.53$9.44$0.91$0.79$0.96$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.66$9.40$0.74$0.95
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.82$9.38$0.56$0.93
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.97$9.39$0.42$0.79