Civic Intelligence

Ahepa 58 Inc.

990 • Fiscal year 2024 • EIN 06-1084245

Jul 01, 2023 to Jun 30, 2024 • Filed on Mar 13, 2025

Organization ProfileN/A
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

70th percentile

0.32x

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

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

2.37x

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

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

24th percentile

-6.7%

Higher net margin than 24% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

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.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

37th percentile

1.0%

Faster asset growth than 37% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

46th percentile

6.1%

Faster revenue growth than 46% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$8,997,803

Up $88,861 (+1.0%) from 2023

Net Assets

Up

$6,074,095

Up $185,819 (+3.2%) from 2023

Liabilities

Down

$2,923,708

Down $96,958 (-3.2%) from 2023

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin24th percentile

Revenue

Up

$1,234,028

Up $70,891 (+6.1%) from 2023

Expenses

Down

$1,316,814

Down $2,559 (-0.2%) from 2023

Net Income

Up

-$82,786

Up $73,450 (+47%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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

2024

Assets$8,997,803
Liabilities$2,923,708
Net Assets$6,074,095
Open 2024 Filing

Operations Trend

Revenue Growth46th percentile

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

2024

Revenue$1,234,028
Expenses$1,316,814
Net Income-$82,786
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 13, 2025
Return Version
2023v6.0
Gross Receipts
$1,234,028
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$7,283,025$7,009,823▼ $273,202
Savings and Temporary Cash Investments$322,280$556,943▲ $234,663
Prepaid Expenses and Deferred Charges$88,469$82,585▼ $5,884
Accounts Receivable$7,319$6,117▼ $1,202
Cash and Non-Interest-Bearing Accounts$3,972$2,444▼ $1,528
Total Assets$8,908,942$8,997,803▲ $88,861
Other Assets Total$1,203,877$1,339,891▲ $136,014
Liabilities
Unsecured Notes Loans Payable$2,869,304$2,763,288▼ $106,016
Accounts Payable and Accrued Expenses$116,121$126,794▲ $10,673
Other Liabilities$34,032$29,903▼ $4,129
Deferred Revenue$1,209$3,723▲ $2,514
Total Liabilities$3,020,666$2,923,708▼ $96,958
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,888,276$6,074,095▲ $185,819
Total Net Assets Fund Balance$5,888,276$6,074,095▲ $185,819
Total Liabilities and Net Assets / Fund Balance$8,908,942$8,997,803▲ $88,861

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,631,360$4,811,446$11,442,806
Leasehold Improvements$128,463$262,880$391,343
Land$250,000-$250,000
Other Assets Org$31,281--
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Andreas KapetanopoulosPresident
Paul MatsikasVice President
Christine WhiteDirector
George PaulDirector
John GrossomanidesDirector
Jordan SmithDirector
Lucia KazakosSecretary
Christopher MerisotisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,189,153
Investment Income
$20,451
Other Revenue
$24,424
Change in Net Assets
$-82,786

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,232,038
Revenue Not Reported on Financial Statements
$1,990
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$1,990
Total Revenue per Audited Statements
$1,232,038
Total Revenue per Form 990
$1,234,028
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,316,814
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$346,659--$346,659
Insurance$133,745--$133,745
Interest$125,977--$125,977
Occupancy$111,683--$111,683
Fees for Services Management-$88,757-$88,757
All Other Expenses$45,583--$45,583
Fees for Services Accounting-$20,765-$20,765
Information Technology$18,431--$18,431
Other Expenses$16,590--$16,590
Office Expenses$6,288--$6,288
Fees for Services Other$2,000--$2,000
Conferences and Meetings-$956-$956
Advertising$924--$924
Travel$84--$84
Total Functional Expenses$1,206,336$110,478$0$1,316,814

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,317,429
Expenses per Audited Statements$1,316,814
Total Expenses per Form 990$1,316,814
Expenses Not Reported on Form 990$615
Expenses Not Reported on Financial Statements$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$29,903
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 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
2025-03-13
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 XI, LINE 4B - OTHER ADJUSTMENTS:

“Financial income not on audit 1,990.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Financial expense not on audit 615.”

Raw XML AppendixShowing 400 of 457 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherRevenueTotalAmt024424
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt088469
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt082585
IRS990/PriorPeriodAdjustmentsAmt036547
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE HUD
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0880551
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1308602
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0880551
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1308602
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04177
IRS990/PYOtherExpensesAmt01319373
IRS990/PYOtherRevenueAmt03778
IRS990/PYProgramServiceRevenueAmt01155182
IRS990/PYRevenuesLessExpensesAmt0-156236
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01319373
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01163137
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-82786
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01189153
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0322280
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0556943
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/CurrentTaxYearAmt020451
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt04177
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0158
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0235
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0904
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt025925
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01189153
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01155182
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01110522
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01078353
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01060216
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05593426
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt020451
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt04177
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0158
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0235
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0904
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt025925
IRS990ScheduleA/InvestmentIncomeCYPct00.00460
IRS990ScheduleA/InvestmentIncomePYPct00.00120
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt024424
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt03778
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02151
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt017314
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt019021
IRS990ScheduleA/OtherIncome509Grp/TotalAmt066688
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98370
IRS990ScheduleA/PublicSupportPY509Pct00.99010
IRS990ScheduleA/PublicSupportTotal509Amt05593426
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01189153
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01155182
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01110522
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01078353
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01060216
IRS990ScheduleA/Total509Grp/TotalAmt05593426
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01234028
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01163137
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01112831
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01095902
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01080141
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05686039
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt06631360
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04811446
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011442806
IRS990ScheduleD/ExpensesNotReportedAmt0615
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01316814
IRS990ScheduleD/LandGrp/BookValueAmt0250000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0250000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0128463
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0262880
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0391343
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0639400
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt190674
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt232174
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3546362
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt431281
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE HUD
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PAINTING RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESIDUAL RECEIPTS
IRS990ScheduleD/OtherExpensesIncludedAmt0615
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt029903
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01990
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01990
IRS990ScheduleD/RevenueSubtotalAmt01232038
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FINANCIAL INCOME NOT ON AUDIT 1,990.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FINANCIAL EXPENSE NOT ON AUDIT 615.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07009823
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01339891
IRS990ScheduleD/TotalExpensesPerForm990Amt01316814
IRS990ScheduleD/TotalLiabilityAmt029903
IRS990ScheduleD/TotalRevenuePerForm990Amt01234028
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01232038
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01317429
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS MANAGED BY AHEPA AFFORDABLE MANAGEMENT COMPANY, INC., AN AFFILIATE OF 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/TotalAssetsBOYAmt08908942
IRS990/TotalAssetsEOYAmt08997803
IRS990/TotalAssetsGrp/BOYAmt08908942
IRS990/TotalAssetsGrp/EOYAmt08997803
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0110478
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01206336
IRS990/TotalFunctionalExpensesGrp/TotalAmt01316814
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03020666
IRS990/TotalLiabilitiesEOYAmt02923708
IRS990/TotalLiabilitiesGrp/BOYAmt03020666
IRS990/TotalLiabilitiesGrp/EOYAmt02923708
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05888276
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06074095

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,997,803
Liabilities
$2,923,708
Net assets
$6,074,095
Revenue
$1,234,028
Expenses
$1,316,814
Net income
-$82,786
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
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$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