Civic Intelligence

Ahepa 37 Inc.

990 • Fiscal year 2021 • EIN 22-2989708

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 25, 2022

Organization ProfileN/A
100 Ahepa CircleSyracuse, NY 13215

(315) 475-3818

Siviq Scores

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

Liabilities / Assets

98th percentile

2.06x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

95th percentile

2.59x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

46th percentile

10%

Higher net margin than 46% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

12th percentile

-8.5%

Faster asset growth than 12% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

34th percentile

-0.2%

Faster revenue growth than 34% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$723,495

Down $67,497 (-8.5%) from 2020

Net Assets

Up

-$767,413

Up $58,043 (+7.0%) from 2020

Liabilities

Down

$1,490,908

Down $125,540 (-7.8%) from 2020

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin46th percentile

Revenue

Down

$575,917

Down $1,414 (-0.2%) from 2020

Expenses

Down

$517,874

Down $10,134 (-1.9%) from 2020

Net Income

Up

$58,043

Up $8,720 (+18%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2010: $1,165,046Liabilities 2010: $1,942,659Net Assets 2010: -$777,6132010Assets 2011: $1,173,340Liabilities 2011: $1,964,417Net Assets 2011: -$791,0772011Assets 2012: $1,098,915Liabilities 2012: $1,950,519Net Assets 2012: -$851,6042012Assets 2013: $1,013,406Liabilities 2013: $1,893,836Net Assets 2013: -$880,4302013Assets 2014: $962,255Liabilities 2014: $1,909,006Net Assets 2014: -$946,7512014Assets 2015: $850,984Liabilities 2015: $1,836,021Net Assets 2015: -$985,0372015Assets 2016: $777,299Liabilities 2016: $1,808,660Net Assets 2016: -$1,031,3612016Assets 2017: $750,264Liabilities 2017: $1,716,122Net Assets 2017: -$965,8582017Assets 2018: $803,640Liabilities 2018: $1,706,570Net Assets 2018: -$902,9302018Assets 2019: $818,649Liabilities 2019: $1,693,428Net Assets 2019: -$874,7792019Assets 2020: $790,992Liabilities 2020: $1,616,448Net Assets 2020: -$825,4562020Assets 2021: $723,495Liabilities 2021: $1,490,908Net Assets 2021: -$767,4132021Assets 2022: $708,538Liabilities 2022: $1,380,225Net Assets 2022: -$671,6872022Assets 2023: $696,280Liabilities 2023: $1,236,954Net Assets 2023: -$540,6742023Assets 2024: $723,770Liabilities 2024: $1,126,743Net Assets 2024: -$402,9732024Assets 2025: $683,879Liabilities 2025: $970,963Net Assets 2025: -$287,0842025

Highlighted filing

2021

Assets$723,495
Liabilities$1,490,908
Net Assets-$767,413
Open 2021 Filing

Operations Trend

Revenue Growth34th percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $547,8542010Revenue 2011: $548,171Expenses 2011: $561,635Net Income 2011: -$13,4642011Expenses 2012: $561,2382012Expenses 2013: $565,0962013Revenue 2014: $537,603Expenses 2014: $603,924Net Income 2014: -$66,3212014Revenue 2015: $536,091Expenses 2015: $574,377Net Income 2015: -$38,2862015Revenue 2016: $557,946Expenses 2016: $604,270Net Income 2016: -$46,3242016Revenue 2017: $564,221Expenses 2017: $498,718Net Income 2017: $65,5032017Revenue 2018: $564,601Expenses 2018: $501,673Net Income 2018: $62,9282018Revenue 2019: $570,116Expenses 2019: $541,965Net Income 2019: $28,1512019Revenue 2020: $577,331Expenses 2020: $528,008Net Income 2020: $49,3232020Revenue 2021: $575,917Expenses 2021: $517,874Net Income 2021: $58,0432021Revenue 2022: $617,041Expenses 2022: $521,315Net Income 2022: $95,7262022Revenue 2023: $625,707Expenses 2023: $494,694Net Income 2023: $131,0132023Revenue 2024: $671,649Expenses 2024: $533,948Net Income 2024: $137,7012024Revenue 2025: $666,825Expenses 2025: $550,936Net Income 2025: $115,8892025

Highlighted filing

2021

Revenue$575,917
Expenses$517,874
Net Income$58,043
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 25, 2022
Return Version
2020v4.2
Gross Receipts
$575,917
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$422,998$444,122▲ $21,124
Prepaid Expenses and Deferred Charges$12,916$20,088▲ $7,172
Accounts Receivable$6,839$5,054▼ $1,785
Cash and Non-Interest-Bearing Accounts$5,395$830▼ $4,565
Total Assets$791,244$723,495▼ $67,749
Other Assets Total$343,096$253,401▼ $89,695
Liabilities
Unsecured Notes Loans Payable$1,351,110$1,278,122▼ $72,988
Accounts Payable and Accrued Expenses$247,378$190,038▼ $57,340
Other Liabilities$18,103$20,753▲ $2,650
Deferred Revenue$109$1,995▲ $1,886
Total Liabilities$1,616,700$1,490,908▼ $125,792
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-825,456$-767,413▲ $58,043
Total Net Assets Fund Balance$-825,456$-767,413▲ $58,043
Total Liabilities and Net Assets / Fund Balance$791,244$723,495▼ $67,749

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$383,025$2,793,935$3,176,960
Other Land Buildings$11,097$167,734$178,831
Land$50,000-$50,000
Equipment$0$16,278$16,278
Other Assets Org$7,788--
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
George NardonePresident
Mike LabatosVice President
Charles E MackenzieDirector
Dennis KiriazidesDirector
Georgios SakellariouDirector
Gus KosmasDirector
Stavros CapousisSecretary
Nick a KousmanidisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$574,390
Investment Income
$27
Other Revenue
$1,500
Change in Net Assets
$58,043

Audited Revenue Reconciliation

Revenue per Audited Statements
$575,917
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$575,917
Total Revenue per Form 990
$575,917
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$517,874
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$109,915--$109,915
Depreciation Depletion$50,507--$50,507
Occupancy$45,914--$45,914
Fees for Services Management-$34,190-$34,190
Insurance$22,571--$22,571
All Other Expenses$20,603--$20,603
Other Expenses$10,222--$10,222
Fees for Services Accounting-$7,960-$7,960
Office Expenses$3,071--$3,071
Information Technology$2,023--$2,023
Conferences and Meetings-$402-$402
Advertising$309--$309
Total Functional Expenses$475,322$42,552$0$517,874

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$517,874
Total Expenses per Audited Statements$517,874
Total Expenses per Form 990$517,874
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
Security Deposit Liability$20,753
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The corporation is managed by ahepa affordable management company, inc., an affiliate of 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 8B

“There are no committees with the authority to act on behalf of the board of directors.”

Form 990, Part VI, Section B, Line 11B

“The irs form 990 is initially reviewed by the management company and then provided to the board of directors for review and final approval before filing the return.”

Form 990, Part VI, Section B, Line 12C

“Review the policy on an annual basis with the board of directors to make sure that everyone is complying.”

Form 990, Part VI, Section C, Line 19

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

Part VII, Section A, Line 1A, Column B

“All the officers, directors, and employees listed in part vii, section a, performed similar duties and have similar responsibilities for related organizations as they do for this organization. Their total hours worked per week for this organization are similar to hours worked for related organizations both in terms of number of hours worked and type of work performed.”

Filing and Contact Details

Filer

Filer Name
Ahepa 37 Inc
EIN
22-2989708
Phone
3154753818
Address
100 AHEPA CIRCLE, SYRACUSE, NY 13215

Signing Officer

Name
George Nardone
Title
President
Phone
3154753818
Signed
2022-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George Nardone
Formed
1987
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

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 452 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.

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IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE HUD
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0371081
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1203309
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0371081
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1203309
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0132
IRS990/PYOtherExpensesAmt0528008
IRS990/PYOtherRevenueAmt010342
IRS990/PYProgramServiceRevenueAmt0566857
IRS990/PYRevenuesLessExpensesAmt049323
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0528008
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0577331
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt058043
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0574390
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/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt027
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0132
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0161
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0112
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0109
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0541
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0574390
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0566857
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0567632
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0564357
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0564048
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02837284
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt027
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0132
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0161
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0112
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0109
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0541
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01500
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt010342
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02323
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0132
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt064
IRS990ScheduleA/OtherIncome509Grp/TotalAmt014361
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99480
IRS990ScheduleA/PublicSupportPY509Pct00.99460
IRS990ScheduleA/PublicSupportTotal509Amt02837284
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0574390
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0566857
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0567632
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0564357
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0564048
IRS990ScheduleA/Total509Grp/TotalAmt02837284
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0575917
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0577331
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0570116
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0564601
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0564221
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02852186
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0383025
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02793935
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03176960
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016278
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt016278
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0517874
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt050000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt050000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt033700
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1209813
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt22100
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt37788
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt011097
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0167734
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0178831
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt020753
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0575917
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/TotalBookValueLandBuildingsAmt0444122
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0253401
IRS990ScheduleD/TotalExpensesPerForm990Amt0517874
IRS990ScheduleD/TotalLiabilityAmt020753
IRS990ScheduleD/TotalRevenuePerForm990Amt0575917
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0575917
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0517874
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/ExplanationTxt1THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE IRS FORM 990 IS INITIALLY REVIEWED BY THE MANAGEMENT COMPANY AND THEN PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND FINAL APPROVAL BEFORE FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEW THE POLICY ON AN ANNUAL BASIS WITH THE BOARD OF DIRECTORS TO MAKE SURE THAT EVERYONE IS COMPLYING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A, PERFORMED SIMILAR DUTIES AND HAVE SIMILAR RESPONSIBILITIES FOR RELATED ORGANIZATIONS AS THEY DO FOR THIS ORGANIZATION. THEIR TOTAL HOURS WORKED PER WEEK FOR THIS ORGANIZATION ARE SIMILAR TO HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS WORKED AND TYPE OF WORK PERFORMED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS IS CONSISTENT WITH PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART VII, SECTION A, LINE 1A, COLUMN B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0791244
IRS990/TotalAssetsEOYAmt0723495
IRS990/TotalAssetsGrp/BOYAmt0791244
IRS990/TotalAssetsGrp/EOYAmt0723495
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt042552
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0475322
IRS990/TotalFunctionalExpensesGrp/TotalAmt0517874
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01616700
IRS990/TotalLiabilitiesEOYAmt01490908
IRS990/TotalLiabilitiesGrp/BOYAmt01616700
IRS990/TotalLiabilitiesGrp/EOYAmt01490908
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-825456
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-767413
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0475322
IRS990/TotalProgramServiceRevenueAmt0574390
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01527
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0574390
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0575917

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$723,495
Liabilities
$1,490,908
Net assets
-$767,413
Revenue
$575,917
Expenses
$517,874
Net income
$58,043
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.68$0.97$0.29$0.67$0.55$0.12
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$1.13$0.40$0.67$0.53$0.14
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$1.24$0.54$0.63$0.49$0.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$1.38$0.67$0.62$0.52$0.10
2021Detailed filing. Detailed filing data is available for this year.$0.72$1.49$0.77$0.58$0.52$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.79$1.62$0.83$0.58$0.53$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.82$1.69$0.87$0.57$0.54$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.80$1.71$0.90$0.56$0.50$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$1.72$0.97$0.56$0.50$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.78$1.81$1.03$0.56$0.60$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.85$1.84$0.99$0.54$0.57$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.96$1.91$0.95$0.54$0.60$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$1.89$0.88$0.57
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$1.95$0.85$0.56
2011Summary only. Only limited summary data is available for this year.$1.17$1.96$0.79$0.55$0.56$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$1.94$0.78$0.55