Civic Intelligence

Ahepa 29 Phase IV Inc.

990 • Fiscal year 2013 • EIN 20-2099590

Jul 01, 2012 to Jun 30, 2013 • Filed on Oct 01, 2013

8401 Rustling Leaves Drive77083-3546
Siviq Scores

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

Liabilities / Assets

25th percentile

0.01x

Higher debt load relative to assets than 25% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

40th percentile

-0.4%

Faster asset growth than 40% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$4,959,555

Down $21,097 (-0.4%) from 2012

Net Assets

Down

$4,897,947

Down $8,290 (-0.2%) from 2012

Liabilities

Down

$61,608

Down $12,807 (-17%) from 2012

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$656,005

Up $46,116 (+7.6%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $5,070,848Liabilities 2011: $5,502,398Net Assets 2011: -$431,5502011Assets 2012: $4,980,652Liabilities 2012: $74,415Net Assets 2012: $4,906,2372012Assets 2013: $4,959,555Liabilities 2013: $61,608Net Assets 2013: $4,897,9472013Assets 2014: $4,999,538Liabilities 2014: $61,287Net Assets 2014: $4,938,2512014Assets 2015: $5,001,467Liabilities 2015: $164,511Net Assets 2015: $4,836,9562015Assets 2016: $4,927,664Liabilities 2016: $177,730Net Assets 2016: $4,749,9342016Assets 2017: $4,895,670Liabilities 2017: $183,617Net Assets 2017: $4,712,0532017Assets 2018: $4,880,012Liabilities 2018: $178,996Net Assets 2018: $4,701,0162018Assets 2019: $4,844,747Liabilities 2019: $173,625Net Assets 2019: $4,671,1222019Assets 2020: $4,830,771Liabilities 2020: $196,125Net Assets 2020: $4,634,6462020Assets 2021: $4,759,288Liabilities 2021: $320,914Net Assets 2021: $4,438,3742021Assets 2022: $4,503,399Liabilities 2022: $176,791Net Assets 2022: $4,326,6082022Assets 2023: $4,398,918Liabilities 2023: $119,143Net Assets 2023: $4,279,7752023Assets 2024: $4,224,331Liabilities 2024: $76,852Net Assets 2024: $4,147,4792024

Highlighted filing

2013

Assets$4,959,555
Liabilities$61,608
Net Assets$4,897,947

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $491,561Expenses 2011: $562,064Net Income 2011: -$70,5032011Expenses 2012: $609,8892012Expenses 2013: $656,0052013Revenue 2014: $648,375Expenses 2014: $608,071Net Income 2014: $40,3042014Revenue 2015: $662,747Expenses 2015: $764,042Net Income 2015: -$101,2952015Revenue 2016: $664,124Expenses 2016: $751,146Net Income 2016: -$87,0222016Revenue 2017: $680,844Expenses 2017: $718,725Net Income 2017: -$37,8812017Revenue 2018: $711,611Expenses 2018: $722,648Net Income 2018: -$11,0372018Revenue 2019: $742,428Expenses 2019: $772,322Net Income 2019: -$29,8942019Revenue 2020: $791,487Expenses 2020: $827,963Net Income 2020: -$36,4762020Revenue 2021: $804,194Expenses 2021: $1,000,465Net Income 2021: -$196,2712021Revenue 2022: $817,330Expenses 2022: $929,096Net Income 2022: -$111,7662022Revenue 2023: $865,787Expenses 2023: $912,620Net Income 2023: -$46,8332023Revenue 2024: $829,448Expenses 2024: $962,709Net Income 2024: -$133,2612024

Highlighted filing

2013

Revenue-
Expenses$656,005
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Oct 1, 2013
Return Version
2012v2.1
Gross Receipts
$647,715
Mission and Program Overview

Mission

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

Filing and Contact Details

Filer

EIN
20-2099590
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED BY THE APPLICABLE TAX AUTHORITY.
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IRS990ScheduleD/InvestmentsProgramRelated/BookValue0154973
IRS990ScheduleD/InvestmentsProgramRelated/BookValue1217440
IRS990ScheduleD/InvestmentsProgramRelated/BookValue23421
IRS990ScheduleD/InvestmentsProgramRelated/BookValue375361
IRS990ScheduleD/InvestmentsProgramRelated/Description0ESCROW DEPOSITS
IRS990ScheduleD/InvestmentsProgramRelated/Description1RESERVE FOR REPLACEMENTS FUND
IRS990ScheduleD/InvestmentsProgramRelated/Description2PAINTING RESERVE
IRS990ScheduleD/InvestmentsProgramRelated/Description3RESIDUAL RECEIPTS FUND
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation0C
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation1C
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation2C
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation3C
IRS990ScheduleD/Land/BookValue0346698
IRS990ScheduleD/Land/OtherCostOrOtherBasis0346698
IRS990ScheduleD/LeaseholdImprovements/BookValue03755
IRS990ScheduleD/LeaseholdImprovements/Depreciation02506
IRS990ScheduleD/LeaseholdImprovements/OtherCostOrOtherBasis06261
IRS990ScheduleD/OtherLiabilities/Amount015254
IRS990ScheduleD/OtherLiabilities/Description0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotRptdF99000
IRS990ScheduleD/RevenueNotRptdOnFinStmt00
IRS990ScheduleD/RevenueSubtotal0647715
IRS990ScheduleD/TotalExpensesPerForm9900656005
IRS990ScheduleD/TotalOfAmounts015254
IRS990ScheduleD/TotalOfBookValueLandBuildings04421005
IRS990ScheduleD/TotalOfBookValueProgramRelated0451195
IRS990ScheduleD/TotalRevenuePerForm9900647715
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt0656005
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt0647715
IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0THE CORPORATION IS MANAGED BY AHEPA AFFORDABLE MANAGEMENT COMPANY, INC., AN AFFILIATE OF AHEPA NATIONAL HOUSING CORPORATION. AHEPA AFFORDABLE MANAGEMENT COMAPNY, INC. HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. 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 ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT.
IRS990ScheduleO/GeneralExplanation/Explanation1THE DIRECTORS OF THE CORPORATION SHALL, AT ALL TIMES, BE LIMITED TO INDIVIDUALS WHO HAVE FINAL APPROVAL BY THE SPONSORING ORGANIZATION, AHEPA NATIONAL HOUSING CORPORATION, BEFORE A VOTE IS TAKEN BY THE BOARD TO ELECT NEW DIRECTORS. ALL NOMINEES MUST BE EITHER MEMBERS IN GOOD STANDING OF (A) ALEXANDER THE GREAT, CHAPTER 29, OF THE ORDER OF AHEPA, THE HOUSTON, TEXAS CHAPTER OF THE INTERNATIONAL FRATERNAL ORGANIZATION KNOWN AS THE ORDER OF AHEPA, (B) THE DAUGHTERS OF PENELOPE, OF HOUSTON, TEXAS, (C) AHEPA NATIONAL HOUSING CORPORATION, THE SPONSOR, OR (D) NONMEMBERS WHO ARE COMMUNITY REPRESENTATIVES WHO HAVE THE APPROVAL OF THE BOARD OF DIRECTORS OF THE SPONSORING ORGANIZATION, AHEPA NATIONAL HOUSING CORPORATION. IN THE EVENT THAT A DIRECTOR OF THE CORPORATION CEASES TO BE A MEMBER OF ANY OF THE ORGANIZATIONS NAMED IN (A), (B), OR (C) OR, IF THE AFORESAID APPROVAL IS WITHDRAWN, THEN, IN EITHER EVENT, SUCH SHALL CONSTITUTE AUTOMATIC RESIGNATION AS A DIRECTOR OF THE CORPORATION. COMMUNITY REPRESENTATION ON THE GOVERNING BOARD OF DIRECTORS OF THE CORPORATION IS REQUIRED BY SECTION 202(D)(2)(B) OF THE HOUSING ACT OF 1959. TO ACCOMPLISH SUCH REQUIREMENT, THE BOARD OF DIRECTORS OF THE CORPORATION SHALL, AT ALL TIMES, INCLUDE AT LEAST ONE INDIVIDUAL WHO IS TOTALLY UNRELATED TO THE CORPORATION OR TO THE SPONSOR AND WHO SATISFIES THIS COMMUNITY REPRESENTATION REQUIREMENT. SUCH INDIVIDUAL SHALL, AT ALL TIMES, BE A RESIDENT OF HARRIS COUNTY, TEXAS.
IRS990ScheduleO/GeneralExplanation/Explanation2VACANCIES IN THE BOARD OF DIRECTORS, INCLUDING VACANCIES RESULTING FROM AN INCREASE IN THE NUMBER OF DIRECTORS, SHALL BE FILLED BY A MAJORITY VOTE OF THE REMAINING DIRECTORS OF THE BOARD, WITH THE PRIOR WRITTEN APPROVAL BY THE SPONSOR, AHEPA NATIONAL HOUSING CORPORATION. THE REQUIRED PRIOR APPROVAL BY THE SPONSOR MUST OCCUR BEFORE THE VACANCY OR VACANCIES ARE FILLED.
IRS990ScheduleO/GeneralExplanation/Explanation3THE AUDITING FIRM SENDS A DRAFT OF THE RETURN TO THE MANAGEMENT COMPANY. THE MANAGEMENT COMPANY FORWARDS A COPY OF THE RETURN TO EACH BOARD MEMBER FOR THEIR COMMENTS PRIOR TO FILING.
IRS990ScheduleO/GeneralExplanation/Explanation4THE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE BYLAWS. EACH BOARD MEMBER IS REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT. CONTRACTS ARE REVIEWED FOR POSSIBLE VIOLATIONS.
IRS990ScheduleO/GeneralExplanation/Explanation5THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation6ALL OF THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A PERFORM 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 THEIR HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS AND TYPE OF WORK PERFORMED.
IRS990ScheduleO/GeneralExplanation/Explanation7THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM.
IRS990ScheduleO/GeneralExplanation/Identifier0AVERAGE NUMBER OF HOURS WORKED
IRS990ScheduleO/GeneralExplanation/Identifier1OVERSIGHT OF AUDITING FUNCTION
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B:
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART XII, LINE 2C:

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.22$0.08$4.15$0.83$0.96$0.13
2023Detailed filing. Detailed filing data is available for this year.$4.40$0.12$4.28$0.87$0.91$0.05
2022Detailed filing. Detailed filing data is available for this year.$4.50$0.18$4.33$0.82$0.93$0.11
2021Detailed filing. Detailed filing data is available for this year.$4.76$0.32$4.44$0.80$1.00$0.20
2020Detailed filing. Detailed filing data is available for this year.$4.83$0.20$4.63$0.79$0.83$0.04
2019Detailed filing. Detailed filing data is available for this year.$4.84$0.17$4.67$0.74$0.77$0.03
2018Detailed filing. Detailed filing data is available for this year.$4.88$0.18$4.70$0.71$0.72$0.01
2017Detailed filing. Detailed filing data is available for this year.$4.90$0.18$4.71$0.68$0.72$0.04
2016Detailed filing. Detailed filing data is available for this year.$4.93$0.18$4.75$0.66$0.75$0.09
2015Detailed filing. Detailed filing data is available for this year.$5.00$0.16$4.84$0.66$0.76$0.10
2014Detailed filing. Detailed filing data is available for this year.$5.00$0.06$4.94$0.65$0.61$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.96$0.06$4.90$0.66
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.98$0.07$4.91$0.61
2011Summary only. Only limited summary data is available for this year.$5.07$5.50$0.43$0.49$0.56$0.07