Civic Intelligence

Ahepapenelope District One Apartments of Hoover Inc

EIN 06-1783644 • 501(c)3 • Hoover, AL

Profile

The corporation was organized to construct, own, and operate an affordable housing apartment community

3008 Oakhill DriveHoover, AL 35216

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

32nd percentile

0.01x

Higher debt load relative to assets than 32% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

50th percentile

0.08x

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

15th percentile

-20%

Higher net margin than 15% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

31st percentile

-2.0%

Faster asset growth than 31% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2025

Revenue Growth

57th percentile

11%

Faster revenue growth than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2025

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Down

$4,703,751

Down $106,462 (-2.2%) from 2024

Liabilities

Up

$45,109

Up $6,745 (+18%) from 2024

Net Assets

Down

$4,658,642

Down $113,207 (-2.4%) from 2024

Operations
Liabilities / Revenue50th percentileNet Margin15th percentile

Revenue

Up

$570,077

Up $64,318 (+13%) from 2024

Expenses

Up

$683,284

Up $99,892 (+17%) from 2024

Net Income

Down

-$113,207

Down $35,574 (-46%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth31st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0MAssets 2011: $6,423,496Liabilities 2011: $6,822,119Net Assets 2011: -$398,6232011Assets 2012: $6,289,194Liabilities 2012: $6,821,480Net Assets 2012: -$532,2862012Assets 2013: $6,167,241Liabilities 2013: $6,821,461Net Assets 2013: -$654,2202013Assets 2014: $6,058,608Liabilities 2014: $6,827,622Net Assets 2014: -$769,0142014Assets 2015: $5,929,995Liabilities 2015: $6,823,810Net Assets 2015: -$893,8152015Assets 2016: $5,792,821Liabilities 2016: $6,826,919Net Assets 2016: -$1,034,0982016Assets 2017: $5,679,026Liabilities 2017: $6,835,946Net Assets 2017: -$1,156,9202017Assets 2018: $5,533,669Liabilities 2018: $6,832,210Net Assets 2018: -$1,298,5412018Assets 2019: $5,391,658Liabilities 2019: $6,825,219Net Assets 2019: -$1,433,5612019Assets 2020: $5,276,526Liabilities 2020: $30,350Net Assets 2020: $5,246,1762020Assets 2021: $5,202,492Liabilities 2021: $50,049Net Assets 2021: $5,152,4432021Assets 2022: $5,026,971Liabilities 2022: $31,620Net Assets 2022: $4,995,3512022Assets 2023: $4,898,439Liabilities 2023: $48,957Net Assets 2023: $4,849,4822023Assets 2024: $4,810,213Liabilities 2024: $38,364Net Assets 2024: $4,771,8492024Assets 2025: $4,703,751Liabilities 2025: $45,109Net Assets 2025: $4,658,6422025

Highlighted filing

2025

Assets$4,703,751
Liabilities$45,109
Net Assets$4,658,642
Open 2025 Filing

Operations Trend

Revenue Growth57th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $313,546Expenses 2011: $430,677Net Income 2011: -$117,1312011Revenue 2012: $307,222Expenses 2012: $453,369Net Income 2012: -$146,1472012Revenue 2013: $333,276Expenses 2013: $455,210Net Income 2013: -$121,9342013Revenue 2014: $333,737Expenses 2014: $448,531Net Income 2014: -$114,7942014Revenue 2015: $338,161Expenses 2015: $462,962Net Income 2015: -$124,8012015Revenue 2016: $337,955Expenses 2016: $478,238Net Income 2016: -$140,2832016Revenue 2017: $351,269Expenses 2017: $474,091Net Income 2017: -$122,8222017Revenue 2018: $355,812Expenses 2018: $497,433Net Income 2018: -$141,6212018Revenue 2019: $382,492Expenses 2019: $517,512Net Income 2019: -$135,0202019Revenue 2020: $436,674Expenses 2020: $546,437Net Income 2020: -$109,7632020Revenue 2021: $448,881Expenses 2021: $542,614Net Income 2021: -$93,7332021Revenue 2022: $454,639Expenses 2022: $611,731Net Income 2022: -$157,0922022Revenue 2023: $463,348Expenses 2023: $609,217Net Income 2023: -$145,8692023Revenue 2024: $505,759Expenses 2024: $583,392Net Income 2024: -$77,6332024Revenue 2025: $570,077Expenses 2025: $683,284Net Income 2025: -$113,2072025

Highlighted filing

2025

Revenue$570,077
Expenses$683,284
Net Income-$113,207
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$4,703,751
Liabilities
$45,109
Net assets
$4,658,642
Revenue
$570,077
Expenses
$683,284
Net income
-$113,207
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.70$0.05$4.66$0.57$0.68$0.11
2024Detailed filing. Detailed filing data is available for this year.$4.81$0.04$4.77$0.51$0.58$0.08
2023Detailed filing. Detailed filing data is available for this year.$4.90$0.05$4.85$0.46$0.61$0.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.03$0.03$5.00$0.45$0.61$0.16
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.20$0.05$5.15$0.45$0.54$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.28$0.03$5.25$0.44$0.55$0.11
2019Summary only. Only limited summary data is available for this year.$5.39$6.83$1.43$0.38$0.52$0.14
2018Summary only. Only limited summary data is available for this year.$5.53$6.83$1.30$0.36$0.50$0.14
2017Summary only. Only limited summary data is available for this year.$5.68$6.84$1.16$0.35$0.47$0.12
2016Summary only. Only limited summary data is available for this year.$5.79$6.83$1.03$0.34$0.48$0.14
2015Summary only. Only limited summary data is available for this year.$5.93$6.82$0.89$0.34$0.46$0.12
2014Summary only. Only limited summary data is available for this year.$6.06$6.83$0.77$0.33$0.45$0.11
2013Summary only. Only limited summary data is available for this year.$6.17$6.82$0.65$0.33$0.46$0.12
2012Summary only. Only limited summary data is available for this year.$6.29$6.82$0.53$0.31$0.45$0.15
2011Summary only. Only limited summary data is available for this year.$6.42$6.82$0.40$0.31$0.43$0.12
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 28, 2026
Return Version
2024v5.5
Gross Receipts
$570,077
Mission and Program Overview

Mission

Ahepa penelope district one apartments of hoover, inc. (the "corporation") is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of alabama. The corporation was organized to construct, own and operate a 50-unit apartment community in hoover, alabama, known as ahepa penelope district one apartments (the "property"), pursuant to section 202 of the national affordable housing act, as amended. The sponsor of the corporation is ahepa national housing corporation.

The corporation was organized to construct, own, and operate an affordable housing apartment community

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,416,924$4,302,777▼ $114,147
Prepaid Expenses and Deferred Charges$68,184$56,353▼ $11,831
Accounts Receivable$16,499$2,539▼ $13,960
Cash and Non-Interest-Bearing Accounts$120$94▼ $26
Total Assets$4,810,213$4,703,751▼ $106,462
Other Assets Total$308,486$341,988▲ $33,502
Liabilities
Accounts Payable and Accrued Expenses$16,889$23,304▲ $6,415
Other Liabilities$21,375$21,396▲ $21
Deferred Revenue$100$409▲ $309
Total Liabilities$38,364$45,109▲ $6,745
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,771,849$4,658,642▼ $113,207
Total Net Assets Fund Balance$4,771,849$4,658,642▼ $113,207
Total Liabilities and Net Assets / Fund Balance$4,810,213$4,703,751▼ $106,462

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,664,897$2,623,462$6,288,359
Land$625,000-$625,000
Other Land Buildings$12,080$66,837$78,917
Equipment$800$22,474$23,274
Other Assets Org$79,535--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
James PafudakisPresident
John BoosalisVice President
Costa ZouboukosDirector
Haralambos N KipreosDirector
John MillerDirector
Karen BoosalisDirector
Karen StamatiadesDirector
Peter NassosDirector
Vicki CostopoulosDirector
Tonie Ann TorransSecretary
Tasso StratasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$555,174
Investment Income
$12,678
Other Revenue
$2,225
Change in Net Assets
$-113,207

Audited Revenue Reconciliation

Revenue per Audited Statements
$570,077
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$570,077
Total Revenue per Form 990
$570,077
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$683,284
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$172,042--$172,042
Insurance$96,361--$96,361
Occupancy$74,395--$74,395
Fees for Services Management-$38,891-$38,891
All Other Expenses$33,795--$33,795
Other Expenses$19,035--$19,035
Information Technology$11,889--$11,889
Fees for Services Accounting-$11,534-$11,534
Conferences and Meetings-$3,150-$3,150
Office Expenses$2,342--$2,342
Fees for Services Legal$2,000--$2,000
Advertising$1,422--$1,422
Travel$220--$220
Interest$18--$18
Total Functional Expenses$629,709$53,575$0$683,284

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$683,284
Total Expenses per Audited Statements$683,284
Total Expenses per Form 990$683,284
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 Deposit Liability$21,396
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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 2

“John boosalis and karen boosalis have a family relationship”

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 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 organization makes available all documents required by law.”

Filing and Contact Details

Filer

Filer Name
Ahepapenelope District One Apartments
EIN
06-1783644
Phone
2058248185
Address
3008 OAKHILL DRIVE, HOOVER, AL 35216

Signing Officer

Name
James Pafudakis
Title
President
Phone
2058248185
Signed
2026-01-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Pafudakis
Formed
2004
Legal Domicile
Al
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
11

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, 2025 and 2024. 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, 2025 and 2024.”

Raw XML AppendixShowing 400 of 462 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt016889
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt023304
IRS990/AccountsReceivableGrp/BOYAmt016499
IRS990/AccountsReceivableGrp/EOYAmt02539
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY
IRS990/AdvertisingGrp/ProgramServicesAmt01422
IRS990/AdvertisingGrp/TotalAmt01422
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IRS990/AllOtherExpensesGrp/TotalAmt033795
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IRS990/BooksInCareOfDetail/PhoneNum03178453410
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IRS990/ChangeToOrgDocumentsInd00
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IRS990/CollectionsOfArtInd00
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IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt03150
IRS990/ConferencesMeetingsGrp/TotalAmt03150
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
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IRS990/Form990PartVIISectionAGrp/PersonNm0JAMES PAFUDAKIS
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN BOOSALIS
IRS990/Form990PartVIISectionAGrp/PersonNm2TONIE ANN TORRANS
IRS990/Form990PartVIISectionAGrp/PersonNm3TASSO STRATAS
IRS990/Form990PartVIISectionAGrp/PersonNm4KAREN BOOSALIS
IRS990/Form990PartVIISectionAGrp/PersonNm5COSTA ZOUBOUKOS
IRS990/Form990PartVIISectionAGrp/PersonNm6KAREN STAMATIADES
IRS990/Form990PartVIISectionAGrp/PersonNm7PETER NASSOS
IRS990/Form990PartVIISectionAGrp/PersonNm8JOHN MILLER
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/FSAuditedInd01
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IRS990/GrantsToOrganizationsInd00
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IRS990/InformationTechnologyGrp/TotalAmt011889
IRS990/InsuranceGrp/ProgramServicesAmt096361
IRS990/InsuranceGrp/TotalAmt096361
IRS990/InterestGrp/ProgramServicesAmt018
IRS990/InterestGrp/TotalAmt018
IRS990/InvestmentIncomeGrp/ExclusionAmt012678
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt012678
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02712773
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04416924
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04302777
IRS990/LandBldgEquipCostOrOtherBssAmt07015550
IRS990/LegalDomicileStateCd0AL
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/NetAssetsOrFundBalancesBOYAmt04771849
IRS990/NetAssetsOrFundBalancesEOYAmt04658642
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04771849
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04658642
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt074395
IRS990/OccupancyGrp/TotalAmt074395
IRS990/OfficeExpensesGrp/ProgramServicesAmt02342
IRS990/OfficeExpensesGrp/TotalAmt02342
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0308486
IRS990/OtherAssetsTotalGrp/EOYAmt0341988
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MANAGEMENT EXPENSE STAF
IRS990/OtherExpensesGrp/Desc1CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc3REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/ProgramServicesAmt0158261
IRS990/OtherExpensesGrp/ProgramServicesAmt137783
IRS990/OtherExpensesGrp/ProgramServicesAmt220146
IRS990/OtherExpensesGrp/ProgramServicesAmt319035
IRS990/OtherExpensesGrp/TotalAmt0158261
IRS990/OtherExpensesGrp/TotalAmt137783
IRS990/OtherExpensesGrp/TotalAmt220146
IRS990/OtherExpensesGrp/TotalAmt319035
IRS990/OtherLiabilitiesGrp/BOYAmt021375
IRS990/OtherLiabilitiesGrp/EOYAmt021396
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt02225
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02225
IRS990/OtherRevenueTotalAmt02225
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt068184
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt056353
IRS990/PrincipalOfficerNm0JAMES PAFUDAKIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE HUD
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0331625
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1223549
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0331625
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1223549
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt09619
IRS990/PYOtherExpensesAmt0583392
IRS990/PYOtherRevenueAmt04154
IRS990/PYProgramServiceRevenueAmt0491986
IRS990/PYRevenuesLessExpensesAmt0-77633
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0583392
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0505759
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-113207
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0555174
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, LN. 12
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt012678
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt09619
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt06152
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt012
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0243
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt028704
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0555174
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0491986
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0453952
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0451980
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0447420
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02400512
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt012678
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt09619
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt06152
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt012
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0243
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt028704
IRS990ScheduleA/InvestmentIncomeCYPct00.01180
IRS990ScheduleA/InvestmentIncomePYPct00.00860
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt02225
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt04154
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03244
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02647
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01218
IRS990ScheduleA/OtherIncome509Grp/TotalAmt013488
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98270
IRS990ScheduleA/PublicSupportPY509Pct00.98190
IRS990ScheduleA/PublicSupportTotal509Amt02400512
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0555174
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0491986
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0453952
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0451980
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0447420
IRS990ScheduleA/Total509Grp/TotalAmt02400512
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0570077
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0505759
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0463348
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0454639
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0448881
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02442704
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03664897
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02623462
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06288359
IRS990ScheduleD/EquipmentGrp/BookValueAmt0800
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022474
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt023274
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0683284
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0625000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0625000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt024120
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1238333
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt279535
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSIT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt012080
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt066837
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt078917
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021396
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0570077
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, 2025 AND 2024. 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, 2025 AND 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04302777
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0341988
IRS990ScheduleD/TotalExpensesPerForm990Amt0683284
IRS990ScheduleD/TotalLiabilityAmt021396
IRS990ScheduleD/TotalRevenuePerForm990Amt0570077
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0570077
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0683284
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JOHN BOOSALIS AND KAREN BOOSALIS HAVE A FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/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 ORGANIZATION MAKES AVAILABLE ALL DOCUMENTS REQUIRED BY LAW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS IS CONSISTENT WITH PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04810213
IRS990/TotalAssetsEOYAmt04703751
IRS990/TotalAssetsGrp/BOYAmt04810213
IRS990/TotalAssetsGrp/EOYAmt04703751
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt053575
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0629709
IRS990/TotalFunctionalExpensesGrp/TotalAmt0683284
IRS990/TotalGrossUBIAmt00

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