Civic Intelligence

Ahepa 245 Inc

EIN 22-2778822 • 501(c)3 • Newport, RI

Profile

To provide low income elderly housing.

87 Girard AvenueNewport, RI 02840

n/A

Siviq Scores

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

Liabilities / Assets

97th percentile

1.68x

Higher debt load relative to assets than 97% of similar nonprofits.

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

Liabilities / Revenue

94th percentile

2.79x

Higher debt load relative to revenue than 94% of similar nonprofits.

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

Net Margin

38th percentile

-0.3%

Higher net margin than 38% of similar nonprofits.

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

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

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

Asset Growth

28th percentile

-3.4%

Faster asset growth than 28% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

42nd percentile

3.0%

Faster revenue growth than 42% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$1,188,853

Down $57,796 (-4.6%) from 2023

Liabilities

Down

$1,971,309

Down $46,900 (-2.3%) from 2023

Net Assets

Down

-$782,456

Down $10,896 (-1.4%) from 2023

Operations
Liabilities / Revenue94th percentileNet Margin38th percentile

Revenue

Down

$671,755

Down $14,818 (-2.2%) from 2023

Expenses

Up

$682,651

Up $24,173 (+3.7%) from 2023

Net Income

Down

-$10,896

Down $38,991 (-139%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth28th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $1,585,245Liabilities 2010: $1,750,570Net Assets 2010: -$165,3252010Assets 2011: $1,575,458Liabilities 2011: $1,748,186Net Assets 2011: -$172,7282011Assets 2012: $2,382,230Liabilities 2012: $2,628,028Net Assets 2012: -$245,7982012Assets 2013: $2,150,790Liabilities 2013: $2,552,585Net Assets 2013: -$401,7952013Assets 2014: $2,002,351Liabilities 2014: $2,490,178Net Assets 2014: -$487,8272014Assets 2015: $1,929,236Liabilities 2015: $2,479,353Net Assets 2015: -$550,1172015Assets 2016: $1,742,748Liabilities 2016: $2,377,631Net Assets 2016: -$634,8832016Assets 2017: $1,646,236Liabilities 2017: $2,319,132Net Assets 2017: -$672,8962017Assets 2018: $1,525,161Liabilities 2018: $2,204,459Net Assets 2018: -$679,2982018Assets 2019: $1,401,394Liabilities 2019: $2,183,110Net Assets 2019: -$781,7162019Assets 2020: $1,365,697Liabilities 2020: $2,127,297Net Assets 2020: -$761,6002020Assets 2021: $1,345,217Liabilities 2021: $2,102,022Net Assets 2021: -$756,8052021Assets 2022: $1,280,624Liabilities 2022: $2,080,279Net Assets 2022: -$799,6552022Assets 2023: $1,246,649Liabilities 2023: $2,018,209Net Assets 2023: -$771,5602023Assets 2024: $1,188,853Liabilities 2024: $1,971,309Net Assets 2024: -$782,4562024

Highlighted filing

2024

Assets$1,188,853
Liabilities$1,971,309
Net Assets-$782,456
Open 2024 Filing

Operations Trend

Revenue Growth42nd percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $484,3632010Expenses 2011: $502,5632011Expenses 2012: $595,4232012Expenses 2013: $683,2702013Revenue 2014: $519,509Expenses 2014: $605,541Net Income 2014: -$86,0322014Revenue 2015: $546,087Expenses 2015: $608,377Net Income 2015: -$62,2902015Revenue 2016: $561,462Expenses 2016: $646,228Net Income 2016: -$84,7662016Revenue 2017: $578,899Expenses 2017: $616,912Net Income 2017: -$38,0132017Revenue 2018: $583,512Expenses 2018: $589,914Net Income 2018: -$6,4022018Revenue 2019: $584,580Expenses 2019: $686,998Net Income 2019: -$102,4182019Revenue 2020: $628,203Expenses 2020: $608,087Net Income 2020: $20,1162020Revenue 2021: $631,817Expenses 2021: $627,022Net Income 2021: $4,7952021Revenue 2022: $621,668Expenses 2022: $664,518Net Income 2022: -$42,8502022Revenue 2023: $686,573Expenses 2023: $658,478Net Income 2023: $28,0952023Revenue 2024: $671,755Expenses 2024: $682,651Net Income 2024: -$10,8962024

Highlighted filing

2024

Revenue$671,755
Expenses$682,651
Net Income-$10,896
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$1,188,853
Liabilities
$1,971,309
Net assets
-$782,456
Revenue
$671,755
Expenses
$682,651
Net income
-$10,896
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.19$1.97$0.78$0.67$0.68$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.25$2.02$0.77$0.69$0.66$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.28$2.08$0.80$0.62$0.66$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$2.10$0.76$0.63$0.63$0.00
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.37$2.13$0.76$0.63$0.61$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.40$2.18$0.78$0.58$0.69$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.53$2.20$0.68$0.58$0.59$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.65$2.32$0.67$0.58$0.62$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.74$2.38$0.63$0.56$0.65$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.93$2.48$0.55$0.55$0.61$0.06
2014Detailed filing. Detailed filing data is available for this year.$2.00$2.49$0.49$0.52$0.61$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.15$2.55$0.40$0.68
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$2.63$0.25$0.60
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.58$1.75$0.17$0.50
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$1.75$0.17$0.48
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 13, 2022
Return Version
2020v4.2
Gross Receipts
$631,817
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$984,868$895,591▼ $89,277
Accounts Receivable$47,591$50,231▲ $2,640
Prepaid Expenses and Deferred Charges$24,503$22,997▼ $1,506
Cash and Non-Interest-Bearing Accounts$6,083$6,923▲ $840
Total Assets$1,365,697$1,345,217▼ $20,480
Other Assets Total$302,652$369,475▲ $66,823
Liabilities
Unsecured Notes Loans Payable$2,089,330$2,049,739▼ $39,591
Accounts Payable and Accrued Expenses$22,321$36,850▲ $14,529
Other Liabilities$15,500$15,377▼ $123
Deferred Revenue$146$56▼ $90
Total Liabilities$2,127,297$2,102,022▼ $25,275
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-761,600$-756,805▲ $4,795
Total Net Assets Fund Balance$-761,600$-756,805▲ $4,795
Total Liabilities and Net Assets / Fund Balance$1,365,697$1,345,217▼ $20,480

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$673,919$1,896,331$2,570,250
Other Land Buildings$219,835$319,426$539,261
Equipment$1,837$788$2,625
Other Assets Org$519--
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Michael SisakPresident
Ernest M VioletVice President
Christopher ChristopherDirector
Demetrious GeorgiouDirector
Norman MoreauDirector
Basile PanoutsopoulosSecretary
James RozesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$617,688
Investment Income
$42
Other Revenue
$14,087
Change in Net Assets
$4,795

Audited Revenue Reconciliation

Revenue per Audited Statements
$631,817
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$631,817
Total Revenue per Form 990
$631,817
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$627,022
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
Interest$105,924--$105,924
Occupancy$90,364--$90,364
Depreciation Depletion$89,277--$89,277
Insurance$46,066--$46,066
Fees for Services Management-$33,132-$33,132
Other Expenses$17,915--$17,915
All Other Expenses$15,767--$15,767
Fees for Services Accounting-$9,730-$9,730
Fees for Services Legal$7,226--$7,226
Information Technology$3,044--$3,044
Office Expenses$1,630--$1,630
Conferences and Meetings-$196-$196
Travel$88--$88
Total Functional Expenses$583,964$43,058$0$627,022

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$627,022
Total Expenses per Audited Statements$627,022
Total Expenses per Form 990$627,022
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$14,908
Other Liabilities$469
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 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 245 Inc
EIN
22-2778822
Phone
4018495298
Address
87 GIRARD AVENUE, NEWPORT, RI 02840

Signing Officer

Name
Michael Sisak
Title
President
Phone
4018495298
Signed
2022-03-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Sisak
Formed
2000
Legal Domicile
Ri
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

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, 2021 and 2020. 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, 2021 and 2020.”

Raw XML AppendixShowing 400 of 469 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/BOYAmt022321
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt036850
IRS990/AccountsReceivableGrp/BOYAmt047591
IRS990/AccountsReceivableGrp/EOYAmt050231
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY.
IRS990/AllOtherExpensesGrp/ProgramServicesAmt015767
IRS990/AllOtherExpensesGrp/TotalAmt015767
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0AHEPA AFFORDABLE HOUSING MGT CO
IRS990/BooksInCareOfDetail/PhoneNum03178453410
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt010706 SKY PRAIRIE STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0FISHERS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd046038
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt06083
IRS990/CashNonInterestBearingGrp/EOYAmt06923
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0196
IRS990/ConferencesMeetingsGrp/TotalAmt0196
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt042
IRS990/CYOtherExpensesAmt0627022
IRS990/CYOtherRevenueAmt014087
IRS990/CYProgramServiceRevenueAmt0617688
IRS990/CYRevenuesLessExpensesAmt04795
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0627022
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0631817
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0146
IRS990/DeferredRevenueGrp/EOYAmt056
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt089277
IRS990/DepreciationDepletionGrp/TotalAmt089277
IRS990/Desc0PROVIDE HOUSING TO LOW INCOME INDIVIDUALS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0583964
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt09730
IRS990/FeesForServicesAccountingGrp/TotalAmt09730
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt07226
IRS990/FeesForServicesLegalGrp/TotalAmt07226
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt033132
IRS990/FeesForServicesManagementGrp/TotalAmt033132
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0MICHAEL SISAK
IRS990/Form990PartVIISectionAGrp/PersonNm1ERNEST M VIOLET
IRS990/Form990PartVIISectionAGrp/PersonNm2BASILE PANOUTSOPOULOS
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES ROZES
IRS990/Form990PartVIISectionAGrp/PersonNm4CHRISTOPHER CHRISTOPHER
IRS990/Form990PartVIISectionAGrp/PersonNm5DEMETRIOUS GEORGIOU
IRS990/Form990PartVIISectionAGrp/PersonNm6NORMAN MOREAU
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
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IRS990/InfoInScheduleOPartXIIInd0X
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IRS990/InformationTechnologyGrp/TotalAmt03044
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IRS990/InvestmentIncomeGrp/ExclusionAmt042
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt042
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02216545
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0984868
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0895591
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IRS990/LegalDomicileStateCd0RI
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/NetAssetsOrFundBalancesBOYAmt0-761600
IRS990/NetAssetsOrFundBalancesEOYAmt0-756805
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-761600
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-756805
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
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IRS990/OccupancyGrp/TotalAmt090364
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IRS990/OfficeExpensesGrp/TotalAmt01630
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt0369475
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MANAGEMENT EXPENSE STAF
IRS990/OtherExpensesGrp/Desc1CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc2SERVICE COORDINATOR EXP
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ProgramServicesAmt0131650
IRS990/OtherExpensesGrp/ProgramServicesAmt144239
IRS990/OtherExpensesGrp/ProgramServicesAmt230774
IRS990/OtherExpensesGrp/ProgramServicesAmt317915
IRS990/OtherExpensesGrp/TotalAmt0131650
IRS990/OtherExpensesGrp/TotalAmt144239
IRS990/OtherExpensesGrp/TotalAmt230774
IRS990/OtherExpensesGrp/TotalAmt317915
IRS990/OtherLiabilitiesGrp/BOYAmt015500
IRS990/OtherLiabilitiesGrp/EOYAmt015377
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt014087
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt014087
IRS990/OtherRevenueTotalAmt014087
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt024503
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt022997
IRS990/PrincipalOfficerNm0MICHAEL SISAK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE HUD
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0468079
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1149609
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0468079
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1149609
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01621
IRS990/PYOtherExpensesAmt0608087
IRS990/PYOtherRevenueAmt025517
IRS990/PYProgramServiceRevenueAmt0601065
IRS990/PYRevenuesLessExpensesAmt020116
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0608087
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0628203
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt04795
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0617688
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/FormAndLineReferenceDesc0SCHEDULE A, REFERENCE PART III, LINE 12
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt042
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01612
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01166
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0752
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0493
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt04065
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0617688
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0601065
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0577163
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0576016
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0571551
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02943483
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt042
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01612
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01166
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0752
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0493
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04065
IRS990ScheduleA/InvestmentIncomeCYPct00.00140
IRS990ScheduleA/InvestmentIncomePYPct00.00140
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt014087
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt025517
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt06251
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt06744
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt06855
IRS990ScheduleA/OtherIncome509Grp/TotalAmt059454
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97890
IRS990ScheduleA/PublicSupportPY509Pct00.98060
IRS990ScheduleA/PublicSupportTotal509Amt02943483
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0617688
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0601065
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0577163
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0576016
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0571551
IRS990ScheduleA/Total509Grp/TotalAmt02943483
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0631817
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0628194
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0584580
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0583512
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0578899
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03007002
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0673919
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01896331
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02570250
IRS990ScheduleD/EquipmentGrp/BookValueAmt01837
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0788
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02625
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0627022
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0142147
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt121040
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2205769
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3519
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0219835
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0319426
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0539261
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014908
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1469
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER LIABILITIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0631817
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, 2021 AND 2020. 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, 2021 AND 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0895591
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0369475
IRS990ScheduleD/TotalExpensesPerForm990Amt0627022
IRS990ScheduleD/TotalLiabilityAmt015377
IRS990ScheduleD/TotalRevenuePerForm990Amt0631817
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0631817
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0627022
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 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/ExplanationTxt2THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS IS CONSISTENT WITH PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0AHEPA NATIONAL HOUSING CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0AHEPA 245-II INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0223348871
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0RI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ELDERLY HOUSING PROPERTY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt087 GIRARD ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NEWPORT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0RI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002840
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01365697
IRS990/TotalAssetsEOYAmt01345217
IRS990/TotalAssetsGrp/BOYAmt01365697
IRS990/TotalAssetsGrp/EOYAmt01345217
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt043058
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0583964

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