Civic Intelligence

Ahepa 110 Inc.

990 • Fiscal year 2023 • EIN 06-1160495

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 15, 2024

Organization ProfileN/A
110 Pukallus AveNorwich, CT 06360

(860) 823-1131

Siviq Scores

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

Liabilities / Assets

98th percentile

1.75x

Higher debt load relative to assets than 98% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

95th percentile

3.78x

Higher debt load relative to revenue than 95% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

49th percentile

3.8%

Higher net margin than 49% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

47th percentile

3.3%

Faster asset growth than 47% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

56th percentile

11%

Faster revenue growth than 56% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$1,466,436

Up $47,417 (+3.3%) from 2022

Net Assets

Up

-$1,095,772

Up $25,793 (+2.3%) from 2022

Liabilities

Up

$2,562,208

Up $21,624 (+0.9%) from 2022

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin49th percentile

Revenue

Up

$677,541

Up $65,268 (+11%) from 2022

Expenses

Down

$651,748

Down $3,626 (-0.6%) from 2022

Net Income

Up

$25,793

Up $68,894 (+160%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth47th percentile

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

$4.0M$2.0M$0-$2.0MAssets 2010: $1,603,567Liabilities 2010: $2,224,535Net Assets 2010: -$620,9682010Assets 2011: $1,547,432Liabilities 2011: $2,184,936Net Assets 2011: -$637,5042011Assets 2012: $2,488,513Liabilities 2012: $3,157,425Net Assets 2012: -$668,9122012Assets 2013: $2,391,931Liabilities 2013: $3,051,363Net Assets 2013: -$659,4322013Assets 2014: $2,340,546Liabilities 2014: $3,074,297Net Assets 2014: -$733,7512014Assets 2015: $2,187,069Liabilities 2015: $2,986,254Net Assets 2015: -$799,1852015Assets 2016: $2,036,549Liabilities 2016: $2,968,794Net Assets 2016: -$932,2452016Assets 2017: $1,807,127Liabilities 2017: $2,829,793Net Assets 2017: -$1,022,6662017Assets 2018: $1,712,829Liabilities 2018: $2,777,563Net Assets 2018: -$1,064,7342018Assets 2019: $1,601,289Liabilities 2019: $2,705,438Net Assets 2019: -$1,104,1492019Assets 2020: $1,527,276Liabilities 2020: $2,613,154Net Assets 2020: -$1,085,8782020Assets 2021: $1,485,974Liabilities 2021: $2,564,438Net Assets 2021: -$1,078,4642021Assets 2022: $1,419,019Liabilities 2022: $2,540,584Net Assets 2022: -$1,121,5652022Assets 2023: $1,466,436Liabilities 2023: $2,562,208Net Assets 2023: -$1,095,7722023Assets 2024: $1,385,251Liabilities 2024: $2,448,175Net Assets 2024: -$1,062,9242024

Highlighted filing

2023

Assets$1,466,436
Liabilities$2,562,208
Net Assets-$1,095,772
Open 2023 Filing

Operations Trend

Revenue Growth56th percentile

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

$1.0M$500K$0-$500KExpenses 2010: $557,9602010Expenses 2011: $559,6722011Expenses 2012: $566,3472012Revenue 2013: $539,480Expenses 2013: $530,000Net Income 2013: $9,4802013Revenue 2014: $521,462Expenses 2014: $595,781Net Income 2014: -$74,3192014Revenue 2015: $542,989Expenses 2015: $608,423Net Income 2015: -$65,4342015Revenue 2016: $547,797Expenses 2016: $680,857Net Income 2016: -$133,0602016Revenue 2017: $537,023Expenses 2017: $627,444Net Income 2017: -$90,4212017Revenue 2018: $571,512Expenses 2018: $613,580Net Income 2018: -$42,0682018Revenue 2019: $572,448Expenses 2019: $611,863Net Income 2019: -$39,4152019Revenue 2020: $609,759Expenses 2020: $591,488Net Income 2020: $18,2712020Revenue 2021: $598,482Expenses 2021: $591,068Net Income 2021: $7,4142021Revenue 2022: $612,273Expenses 2022: $655,374Net Income 2022: -$43,1012022Revenue 2023: $677,541Expenses 2023: $651,748Net Income 2023: $25,7932023Revenue 2024: $669,866Expenses 2024: $637,018Net Income 2024: $32,8482024

Highlighted filing

2023

Revenue$677,541
Expenses$651,748
Net Income$25,793
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 15, 2024
Return Version
2022v5.0
Gross Receipts
$677,541
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$997,871$972,890▼ $24,981
Prepaid Expenses and Deferred Charges$44,258$60,553▲ $16,295
Accounts Receivable$5,208$6,246▲ $1,038
Cash and Non-Interest-Bearing Accounts$239$4,297▲ $4,058
Total Assets$1,419,019$1,466,436▲ $47,417
Other Assets Total$371,443$422,450▲ $51,007
Liabilities
Unsecured Notes Loans Payable$2,409,613$2,413,782▲ $4,169
Accounts Payable and Accrued Expenses$110,376$127,632▲ $17,256
Other Liabilities$17,625$17,842▲ $217
Deferred Revenue$2,970$2,952▼ $18
Total Liabilities$2,540,584$2,562,208▲ $21,624
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,121,565$-1,095,772▲ $25,793
Total Net Assets Fund Balance$-1,121,565$-1,095,772▲ $25,793
Total Liabilities and Net Assets / Fund Balance$1,419,019$1,466,436▲ $47,417

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$812,890$2,955,791$3,768,681
Land$160,000-$160,000
Other Land Buildings$0$105,594$105,594
Other Assets Org$102--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
John GrossomanidesPresident
Tony PetrosVice President
Anna-helene GrossomanidesDirector
Anthony J ValaceDirector
Charlie ChristodlousDirector
Christos ValkanosDirector
Democles AngelopoulosDirector
John ZourzoukisDirector
Sean RyanDirector
Theodore DaniskaDirector
Panayotis PatsourisSecretary
George MaistrelisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$609,026
Investment Income
$6
Other Revenue
$68,509
Change in Net Assets
$25,793

Audited Revenue Reconciliation

Revenue per Audited Statements
$677,541
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$677,541
Total Revenue per Form 990
$677,541
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$651,748
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$136,130--$136,130
Interest$118,287--$118,287
Insurance$61,523--$61,523
Occupancy$47,199--$47,199
Fees for Services Management-$33,541-$33,541
All Other Expenses$17,626--$17,626
Other Expenses$17,388--$17,388
Fees for Services Accounting-$11,554-$11,554
Information Technology$6,344--$6,344
Fees for Services Legal$4,329--$4,329
Office Expenses$4,172--$4,172
Conferences and Meetings-$2,259-$2,259
Advertising$57--$57
Total Functional Expenses$604,394$47,354$0$651,748

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$651,748
Total Expenses per Audited Statements$651,748
Total Expenses per Form 990$651,748
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
Deposits$17,842
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The 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 C, Line 19

“The form 990 and all related financial and policy information are made available to the public upon written request.”

Filing and Contact Details

Filer

Filer Name
Ahepa 110 Inc
EIN
06-1160495
Phone
8608231131
Address
110 PUKALLUS AVE, NORWICH, CT 06360

Signing Officer

Name
John Grossomanides
Title
President
Phone
8608231131
Signed
2024-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Grossomanides
Formed
1986
Legal Domicile
Ct
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
12

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

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, 2023 and 2022. 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, 2023 and 2022.”

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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/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/LandBldgEquipCostOrOtherBssAmt04034275
IRS990/LegalDomicileStateCd0CT
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-1121565
IRS990/NetAssetsOrFundBalancesEOYAmt0-1095772
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1121565
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1095772
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt047199
IRS990/OccupancyGrp/TotalAmt047199
IRS990/OfficeExpensesGrp/ProgramServicesAmt04172
IRS990/OfficeExpensesGrp/TotalAmt04172
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0371443
IRS990/OtherAssetsTotalGrp/EOYAmt0422450
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MANAGEMENT EXPENSE STAF
IRS990/OtherExpensesGrp/Desc1CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc2SERVICE COORDINATOR EXP
IRS990/OtherExpensesGrp/Desc3REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/ProgramServicesAmt0129081
IRS990/OtherExpensesGrp/ProgramServicesAmt135491
IRS990/OtherExpensesGrp/ProgramServicesAmt226767
IRS990/OtherExpensesGrp/ProgramServicesAmt317388
IRS990/OtherExpensesGrp/TotalAmt0129081
IRS990/OtherExpensesGrp/TotalAmt135491
IRS990/OtherExpensesGrp/TotalAmt226767
IRS990/OtherExpensesGrp/TotalAmt317388
IRS990/OtherLiabilitiesGrp/BOYAmt017625
IRS990/OtherLiabilitiesGrp/EOYAmt017842
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt068509
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt068509
IRS990/OtherRevenueTotalAmt068509
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt044258
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt060553
IRS990/PrincipalOfficerNm0JOHN GROSSOMANIDES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE HUD
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0417421
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1191605
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0417421
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1191605
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0328
IRS990/PYOtherExpensesAmt0655374
IRS990/PYOtherRevenueAmt01574
IRS990/PYProgramServiceRevenueAmt0610371
IRS990/PYRevenuesLessExpensesAmt0-43101
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0655374
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0612273
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt025793
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0609026
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt06
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0328
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt065
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt093
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt086
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0578
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0609026
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0610371
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0595967
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0593377
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0570474
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02979215
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt06
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0328
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt065
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt093
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt086
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0578
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt068509
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01574
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02450
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt016289
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01888
IRS990ScheduleA/OtherIncome509Grp/TotalAmt090710
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97030
IRS990ScheduleA/PublicSupportPY509Pct00.99150
IRS990ScheduleA/PublicSupportTotal509Amt02979215
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0609026
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0610371
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0595967
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0593377
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0570474
IRS990ScheduleA/Total509Grp/TotalAmt02979215
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0677541
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0612273
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0598482
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0609759
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0572448
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03070503
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0812890
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02955791
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03768681
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0651748
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0160000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0160000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt097902
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt127916
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2296530
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3102
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0105594
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0105594
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017842
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0677541
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, 2023 AND 2022. 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, 2023 AND 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0972890
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0422450
IRS990ScheduleD/TotalExpensesPerForm990Amt0651748
IRS990ScheduleD/TotalLiabilityAmt017842
IRS990ScheduleD/TotalRevenuePerForm990Amt0677541
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0677541
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0651748
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/ExplanationTxt3THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,466,436
Liabilities
$2,562,208
Net assets
-$1,095,772
Revenue
$677,541
Expenses
$651,748
Net income
$25,793
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.39$2.45$1.06$0.67$0.64$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.47$2.56$1.10$0.68$0.65$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.42$2.54$1.12$0.61$0.66$0.04
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.49$2.56$1.08$0.60$0.59$0.01
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$2.61$1.09$0.61$0.59$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.60$2.71$1.10$0.57$0.61$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.71$2.78$1.06$0.57$0.61$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.81$2.83$1.02$0.54$0.63$0.09
2016Detailed filing. Detailed filing data is available for this year.$2.04$2.97$0.93$0.55$0.68$0.13
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.19$2.99$0.80$0.54$0.61$0.07
2014Detailed filing. Detailed filing data is available for this year.$2.34$3.07$0.73$0.52$0.60$0.07
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$2.39$3.05$0.66$0.54$0.53$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.49$3.16$0.67$0.57
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$2.18$0.64$0.56
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$2.22$0.62$0.56