Civic Intelligence

Ahepa 58 Inc.

990 • Fiscal year 2025 • EIN 06-1084245

Jul 01, 2024 to Jun 30, 2025 • Filed on Mar 08, 2026

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

0.31x

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

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

93rd percentile

2.15x

Higher debt load relative to revenue than 93% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

18th percentile

-8.1%

Higher net margin than 18% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

24th percentile

-2.4%

Faster asset growth than 24% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

43rd percentile

3.1%

Faster revenue growth than 43% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Down

$8,781,016

Down $216,787 (-2.4%) from 2024

Net Assets

Down

$6,047,808

Down $26,287 (-0.4%) from 2024

Liabilities

Down

$2,733,208

Down $190,500 (-6.5%) from 2024

Revenue

Up

$1,272,563

Up $38,535 (+3.1%) from 2024

Expenses

Up

$1,375,621

Up $58,807 (+4.5%) from 2024

Net Income

Down

-$103,058

Down $20,272 (-24%) from 2024

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: $6,074,0952024Assets 2025: $8,781,016Liabilities 2025: $2,733,208Net Assets 2025: $6,047,8082025

Highlighted filing

2025

Assets$8,781,016
Liabilities$2,733,208
Net Assets$6,047,808

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: -$82,7862024Revenue 2025: $1,272,563Expenses 2025: $1,375,621Net Income 2025: -$103,0582025

Highlighted filing

2025

Revenue$1,272,563
Expenses$1,375,621
Net Income-$103,058
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 8, 2026
Return Version
2024v5.5
Gross Receipts
$1,272,563
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$7,009,823$6,718,483▼ $291,340
Savings and Temporary Cash Investments$556,943$648,280▲ $91,337
Prepaid Expenses and Deferred Charges$82,585$116,077▲ $33,492
Accounts Receivable$6,117$22,762▲ $16,645
Cash and Non-Interest-Bearing Accounts$2,444$7,903▲ $5,459
Total Assets$8,997,803$8,781,016▼ $216,787
Other Assets Total$1,339,891$1,267,511▼ $72,380
Liabilities
Unsecured Notes Loans Payable$2,763,288$2,573,465▼ $189,823
Accounts Payable and Accrued Expenses$126,794$101,732▼ $25,062
Other Liabilities$29,903$56,071▲ $26,168
Deferred Revenue$3,723$1,940▼ $1,783
Total Liabilities$2,923,708$2,733,208▼ $190,500
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,074,095$6,047,808▼ $26,287
Total Net Assets Fund Balance$6,074,095$6,047,808▼ $26,287
Total Liabilities and Net Assets / Fund Balance$8,997,803$8,781,016▼ $216,787

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,349,100$5,122,071$11,471,171
Leasehold Improvements$119,383$289,716$409,099
Land$250,000-$250,000
Other Assets Org$31,342--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,235,988
Investment Income
$28,536
Other Revenue
$8,039
Change in Net Assets
$-103,058

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,255,467
Revenue Not Reported on Financial Statements
$17,096
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$17,096
Total Revenue per Audited Statements
$1,255,467
Total Revenue per Form 990
$1,272,563
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,375,621
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$337,461--$337,461
Occupancy$168,569--$168,569
Insurance$165,926--$165,926
Interest$105,339--$105,339
Fees for Services Management-$90,484-$90,484
All Other Expenses$60,804--$60,804
Information Technology$25,357--$25,357
Fees for Services Accounting-$21,357-$21,357
Other Expenses$19,079--$19,079
Office Expenses$11,002--$11,002
Advertising$4,311--$4,311
Conferences and Meetings-$1,902-$1,902
Fees for Services Legal$681--$681
Travel$244--$244
Total Functional Expenses$1,261,878$113,743$0$1,375,621

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,375,621
Expenses per Audited Statements$1,373,091
Total Expenses per Audited Statements$1,373,091
Expenses Not Reported on Financial Statements$2,530
Other Expense Adjustments$2,530
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$32,168
Residual Receipts$23,903
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 organization makes available all documents required by law.

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
2026-03-08
Discuss with paid preparer
Yes

Organization Details

Formed
1987
Legal Domicile
Ct
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 ahepa 58, inc. 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, 2025 and 2024. The project has determined that all income tax filing positions would be sustained upon examination and accordingly, the project 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, 2025 and 2024.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Financial income not on audit 17,096.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Financial expense not on audit 2,530.

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IRS990/OtherExpensesGrp/ProgramServicesAmt197813
IRS990/OtherExpensesGrp/ProgramServicesAmt271162
IRS990/OtherExpensesGrp/ProgramServicesAmt319079
IRS990/OtherExpensesGrp/TotalAmt0194130
IRS990/OtherExpensesGrp/TotalAmt197813
IRS990/OtherExpensesGrp/TotalAmt271162
IRS990/OtherExpensesGrp/TotalAmt319079
IRS990/OtherLiabilitiesGrp/BOYAmt029903
IRS990/OtherLiabilitiesGrp/EOYAmt056071
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt08039
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08039
IRS990/OtherRevenueTotalAmt08039
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt082585
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0116077
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE HUD
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0902196
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1333792
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0902196
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1333792
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt020451
IRS990/PYOtherExpensesAmt01316814
IRS990/PYOtherRevenueAmt024424
IRS990/PYProgramServiceRevenueAmt01189153
IRS990/PYRevenuesLessExpensesAmt0-82786
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01316814
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01234028
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-103058
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01235988
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0556943
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0648280
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/CurrentTaxYearAmt028536
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt020451
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04177
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0158
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0235
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt053557
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01235988
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01189153
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01155182
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01110522
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01078353
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05769198
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt028536
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt020451
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04177
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0158
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0235
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt053557
IRS990ScheduleA/InvestmentIncomeCYPct00.00910
IRS990ScheduleA/InvestmentIncomePYPct00.00460
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt08039
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt024424
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03778
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02151
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt017314
IRS990ScheduleA/OtherIncome509Grp/TotalAmt055706
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98140
IRS990ScheduleA/PublicSupportPY509Pct00.98370
IRS990ScheduleA/PublicSupportTotal509Amt05769198
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01235988
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01189153
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01155182
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01110522
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01078353
IRS990ScheduleA/Total509Grp/TotalAmt05769198
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01272563
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01234028
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01163137
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01112831
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01095902
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05878461
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt06349100
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05122071
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011471171
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt02530
IRS990ScheduleD/ExpensesSubtotalAmt01373091
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0250000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0250000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0119383
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0289716
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0409099
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0675656
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt198113
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt235287
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3427113
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt431342
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE HUD
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PAINTING RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESIDUAL RECEIPTS
IRS990ScheduleD/OtherExpensesNotIncludedAmt02530
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt032168
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt123903
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RESIDUAL RECEIPTS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt017096
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt017096
IRS990ScheduleD/RevenueSubtotalAmt01255467
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NO PROVISION OR BENEFIT FOR INCOME TAXES HAS BEEN INCLUDED IN THESE FINANCIAL STATEMENTS SINCE AHEPA 58, INC. 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, 2025 AND 2024. THE PROJECT HAS DETERMINED THAT ALL INCOME TAX FILING POSITIONS WOULD BE SUSTAINED UPON EXAMINATION AND ACCORDINGLY, THE PROJECT 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, 2025 AND 2024.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FINANCIAL INCOME NOT ON AUDIT 17,096.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FINANCIAL EXPENSE NOT ON AUDIT 2,530.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06718483
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01267511
IRS990ScheduleD/TotalExpensesPerForm990Amt01375621
IRS990ScheduleD/TotalLiabilityAmt056071
IRS990ScheduleD/TotalRevenuePerForm990Amt01272563
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01255467
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01373091
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 ORGANIZATION MAKES AVAILABLE ALL DOCUMENTS REQUIRED BY LAW.
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/TotalAssetsBOYAmt08997803
IRS990/TotalAssetsEOYAmt08781016
IRS990/TotalAssetsGrp/BOYAmt08997803
IRS990/TotalAssetsGrp/EOYAmt08781016
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.78$2.73$6.05$1.27$1.38$0.10
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