Civic Intelligence

Ahepa 37 Inc.

990 • Fiscal year 2024 • EIN 22-2989708

Jul 01, 2023 to Jun 30, 2024 • Filed on Apr 30, 2025

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

97th percentile

1.56x

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

1.68x

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

73rd percentile

21%

Higher net margin than 73% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

50th percentile

3.9%

Faster asset growth than 50% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

49th percentile

7.3%

Faster revenue growth than 49% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$723,770

Up $27,490 (+3.9%) from 2023

Net Assets

Up

-$402,973

Up $137,701 (+25%) from 2023

Liabilities

Down

$1,126,743

Down $110,211 (-8.9%) from 2023

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin73rd percentile

Revenue

Up

$671,649

Up $45,942 (+7.3%) from 2023

Expenses

Up

$533,948

Up $39,254 (+7.9%) from 2023

Net Income

Up

$137,701

Up $6,688 (+5.1%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth50th 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

2024

Assets$723,770
Liabilities$1,126,743
Net Assets-$402,973
Open 2024 Filing

Operations Trend

Revenue Growth49th 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

2024

Revenue$671,649
Expenses$533,948
Net Income$137,701
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 30, 2025
Return Version
2023v6.0
Gross Receipts
$671,649
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$397,540$389,603▼ $7,937
Prepaid Expenses and Deferred Charges$13,072$11,244▼ $1,828
Accounts Receivable$1,545$6,227▲ $4,682
Cash and Non-Interest-Bearing Accounts$15,840$4,114▼ $11,726
Total Assets$696,280$723,770▲ $27,490
Other Assets Total$268,283$312,582▲ $44,299
Liabilities
Unsecured Notes Loans Payable$1,112,505$1,018,734▼ $93,771
Accounts Payable and Accrued Expenses$101,232$83,972▼ $17,260
Other Liabilities$19,692$21,109▲ $1,417
Deferred Revenue$3,525$2,928▼ $597
Total Liabilities$1,236,954$1,126,743▼ $110,211
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-540,674$-402,973▲ $137,701
Total Net Assets Fund Balance$-540,674$-402,973▲ $137,701
Total Liabilities and Net Assets / Fund Balance$696,280$723,770▲ $27,490

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$333,265$2,925,040$3,258,305
Other Land Buildings$6,338$182,170$188,508
Land$50,000-$50,000
Equipment$0$16,278$16,278
Other Assets Org$7,791--
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
George NardonePresident
Mike LabatosVice President
Charles E MackenzieDirector
Dennis KiriazidesDirector
Greg MiledonisDirector
Gus KosmasDirector
Stavros CapousisDirector
Theodore LimpertSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$643,812
Investment Income
$617
Other Revenue
$27,220
Change in Net Assets
$137,701

Audited Revenue Reconciliation

Revenue per Audited Statements
$671,649
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$671,649
Total Revenue per Form 990
$671,649
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$533,948
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$88,629--$88,629
Insurance$50,425--$50,425
Depreciation Depletion$48,729--$48,729
Fees for Services Management-$38,459-$38,459
Occupancy$35,477--$35,477
All Other Expenses$22,284--$22,284
Other Expenses$11,101--$11,101
Fees for Services Accounting-$8,415-$8,415
Office Expenses$5,336--$5,336
Information Technology$3,797--$3,797
Advertising$1,697--$1,697
Conferences and Meetings-$1,598-$1,598
Travel$605--$605
Total Functional Expenses$485,476$48,472$0$533,948

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$533,948
Total Expenses per Audited Statements$533,948
Total Expenses per Form 990$533,948
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$21,109
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 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.”

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
2025-04-30
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.”

Raw XML AppendixShowing 400 of 443 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/BOYAmt0101232
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt083972
IRS990/AccountsReceivableGrp/BOYAmt01545
IRS990/AccountsReceivableGrp/EOYAmt06227
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY.
IRS990/AdvertisingGrp/ProgramServicesAmt01697
IRS990/AdvertisingGrp/TotalAmt01697
IRS990/AllOtherExpensesGrp/ProgramServicesAmt022284
IRS990/AllOtherExpensesGrp/TotalAmt022284
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0AHEPA MANAGEMENT COMPANY
IRS990/BooksInCareOfDetail/PhoneNum03178453140
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt010706 SKY PRAIRIE STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0FISHERS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd043068
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt015840
IRS990/CashNonInterestBearingGrp/EOYAmt04114
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt01598
IRS990/ConferencesMeetingsGrp/TotalAmt01598
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0617
IRS990/CYOtherExpensesAmt0533948
IRS990/CYOtherRevenueAmt027220
IRS990/CYProgramServiceRevenueAmt0643812
IRS990/CYRevenuesLessExpensesAmt0137701
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0533948
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0671649
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt03525
IRS990/DeferredRevenueGrp/EOYAmt02928
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt048729
IRS990/DepreciationDepletionGrp/TotalAmt048729
IRS990/Desc0PROVIDE HOUSING TO LOW INCOME INDIVIDUALS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0485476
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt08415
IRS990/FeesForServicesAccountingGrp/TotalAmt08415
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt038459
IRS990/FeesForServicesManagementGrp/TotalAmt038459
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/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0GEORGE NARDONE
IRS990/Form990PartVIISectionAGrp/PersonNm1MIKE LABATOS
IRS990/Form990PartVIISectionAGrp/PersonNm2THEODORE LIMPERT
IRS990/Form990PartVIISectionAGrp/PersonNm3GUS KOSMAS
IRS990/Form990PartVIISectionAGrp/PersonNm4CHARLES E MACKENZIE
IRS990/Form990PartVIISectionAGrp/PersonNm5DENNIS KIRIAZIDES
IRS990/Form990PartVIISectionAGrp/PersonNm6STAVROS CAPOUSIS
IRS990/Form990PartVIISectionAGrp/PersonNm7GREG MILEDONIS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01987
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0671649
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt03797
IRS990/InformationTechnologyGrp/TotalAmt03797
IRS990/InsuranceGrp/ProgramServicesAmt050425
IRS990/InsuranceGrp/TotalAmt050425
IRS990/InterestGrp/ProgramServicesAmt088629
IRS990/InterestGrp/TotalAmt088629
IRS990/InvestmentIncomeGrp/ExclusionAmt0617
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0617
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03123488
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0397540
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0389603
IRS990/LandBldgEquipCostOrOtherBssAmt03513091
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-540674
IRS990/NetAssetsOrFundBalancesEOYAmt0-402973
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-540674
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-402973
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt035477
IRS990/OccupancyGrp/TotalAmt035477
IRS990/OfficeExpensesGrp/ProgramServicesAmt05336
IRS990/OfficeExpensesGrp/TotalAmt05336
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0268283
IRS990/OtherAssetsTotalGrp/EOYAmt0312582
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MANAGEMENT EXPENSE STAF
IRS990/OtherExpensesGrp/Desc1CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc2SERVICE COORDINATOR EXP
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ProgramServicesAmt0147527
IRS990/OtherExpensesGrp/ProgramServicesAmt135333
IRS990/OtherExpensesGrp/ProgramServicesAmt234536
IRS990/OtherExpensesGrp/ProgramServicesAmt311101
IRS990/OtherExpensesGrp/TotalAmt0147527
IRS990/OtherExpensesGrp/TotalAmt135333
IRS990/OtherExpensesGrp/TotalAmt234536
IRS990/OtherExpensesGrp/TotalAmt311101
IRS990/OtherLiabilitiesGrp/BOYAmt019692
IRS990/OtherLiabilitiesGrp/EOYAmt021109
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt027220
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt027220
IRS990/OtherRevenueTotalAmt027220
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013072
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011244
IRS990/PrincipalOfficerNm0GEORGE NARDONE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE HUD
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0407885
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1235927
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0407885
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1235927
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt023
IRS990/PYOtherExpensesAmt0494694
IRS990/PYOtherRevenueAmt019489
IRS990/PYProgramServiceRevenueAmt0606195
IRS990/PYRevenuesLessExpensesAmt0131013
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0494694
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0625707
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0137701
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0643812
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/CurrentTaxYearAmt0617
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt023
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt027
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt027
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0132
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0826
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0643812
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0606195
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0603384
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0574390
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0566857
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02994638
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0617
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt023
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt027
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt027
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0132
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0826
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt027220
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt019489
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt013630
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01500
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt010342
IRS990ScheduleA/OtherIncome509Grp/TotalAmt072181
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97620
IRS990ScheduleA/PublicSupportPY509Pct00.98390
IRS990ScheduleA/PublicSupportTotal509Amt02994638
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0643812
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0606195
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0603384
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0574390
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0566857
IRS990ScheduleA/Total509Grp/TotalAmt02994638
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0671649
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0625707
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0617041
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0575917
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0577331
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03067645
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0333265
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02925040
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03258305
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016278
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt016278
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0533948
IRS990ScheduleD/LandGrp/BookValueAmt050000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt050000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt022686
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1237543
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt244562
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt37791
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06338
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0182170
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0188508
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021109
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0671649
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0389603
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0312582
IRS990ScheduleD/TotalExpensesPerForm990Amt0533948
IRS990ScheduleD/TotalLiabilityAmt021109
IRS990ScheduleD/TotalRevenuePerForm990Amt0671649
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0671649
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0533948
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/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/ExplanationTxt5THE 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/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0696280
IRS990/TotalAssetsEOYAmt0723770
IRS990/TotalAssetsGrp/BOYAmt0696280
IRS990/TotalAssetsGrp/EOYAmt0723770
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt048472
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0485476
IRS990/TotalFunctionalExpensesGrp/TotalAmt0533948
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01236954
IRS990/TotalLiabilitiesEOYAmt01126743
IRS990/TotalLiabilitiesGrp/BOYAmt01236954
IRS990/TotalLiabilitiesGrp/EOYAmt01126743
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-540674
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-402973
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0485476
IRS990/TotalProgramServiceRevenueAmt0643812
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt027837
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0643812
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0671649
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0696280
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0723770
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0605
IRS990/TravelGrp/TotalAmt0605

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$723,770
Liabilities
$1,126,743
Net assets
-$402,973
Revenue
$671,649
Expenses
$533,948
Net income
$137,701
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
2024Detailed filing. Detailed filing data is available for this year.$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
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$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