Civic Intelligence

Ahepa 67 Inc

EIN 22-3112741 • 501(c)3 • Webster, NY

Profile

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

100 Ahepa CircleWebster, NY 14580

n/A

Siviq Scores

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

Liabilities / Assets

45th percentile

0.04x

Higher debt load relative to assets than 45% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.08x

Higher debt load relative to revenue than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

44th percentile

1.8%

Higher net margin than 44% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

29th percentile

-2.8%

Faster asset growth than 29% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

78th percentile

32%

Faster revenue growth than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,107,073

Down $31,474 (-2.8%) from 2023

Liabilities

Down

$49,736

Down $42,294 (-46%) from 2023

Net Assets

Up

$1,057,337

Up $10,820 (+1.0%) from 2023

Revenue

Up

$603,908

Up $147,723 (+32%) from 2023

Expenses

Up

$593,088

Up $79,414 (+15%) from 2023

Net Income

Up

$10,820

Up $68,309 (+119%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MAssets 2010: $1,821,763Liabilities 2010: $2,527,478Net Assets 2010: -$705,7152010Assets 2011: $1,788,304Liabilities 2011: $2,529,840Net Assets 2011: -$741,5362011Assets 2012: $1,767,480Liabilities 2012: $2,539,271Net Assets 2012: -$771,7912012Assets 2013: $1,738,494Liabilities 2013: $2,549,982Net Assets 2013: -$811,4882013Assets 2014: $1,699,547Liabilities 2014: $2,577,101Net Assets 2014: -$877,5542014Assets 2015: $1,633,906Liabilities 2015: $2,561,881Net Assets 2015: -$927,9752015Assets 2016: $1,609,074Liabilities 2016: $2,618,617Net Assets 2016: -$1,009,5432016Assets 2017: $1,536,830Liabilities 2017: $2,595,240Net Assets 2017: -$1,058,4102017Assets 2018: $1,500,070Liabilities 2018: $2,607,845Net Assets 2018: -$1,107,7752018Assets 2019: $1,439,319Liabilities 2019: $2,599,957Net Assets 2019: -$1,160,6382019Assets 2020: $1,378,037Liabilities 2020: $2,587,846Net Assets 2020: -$1,209,8092020Assets 2021: $1,258,621Liabilities 2021: $71,602Net Assets 2021: $1,187,0192021Assets 2022: $1,186,986Liabilities 2022: $82,980Net Assets 2022: $1,104,0062022Assets 2023: $1,138,547Liabilities 2023: $92,030Net Assets 2023: $1,046,5172023Assets 2024: $1,107,073Liabilities 2024: $49,736Net Assets 2024: $1,057,3372024

Highlighted filing

2024

Assets$1,107,073
Liabilities$49,736
Net Assets$1,057,337

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $351,0472010Expenses 2011: $374,2872011Expenses 2012: $392,7572012Expenses 2013: $406,6742013Revenue 2014: $384,467Expenses 2014: $450,533Net Income 2014: -$66,0662014Revenue 2015: $379,615Expenses 2015: $430,036Net Income 2015: -$50,4212015Revenue 2016: $383,203Expenses 2016: $464,771Net Income 2016: -$81,5682016Revenue 2017: $397,423Expenses 2017: $446,290Net Income 2017: -$48,8672017Revenue 2018: $415,456Expenses 2018: $464,821Net Income 2018: -$49,3652018Revenue 2019: $414,130Expenses 2019: $466,993Net Income 2019: -$52,8632019Revenue 2020: $423,607Expenses 2020: $472,778Net Income 2020: -$49,1712020Revenue 2021: $429,916Expenses 2021: $534,047Net Income 2021: -$104,1312021Revenue 2022: $456,989Expenses 2022: $540,002Net Income 2022: -$83,0132022Revenue 2023: $456,185Expenses 2023: $513,674Net Income 2023: -$57,4892023Revenue 2024: $603,908Expenses 2024: $593,088Net Income 2024: $10,8202024

Highlighted filing

2024

Revenue$603,908
Expenses$593,088
Net Income$10,820

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.11$0.05$1.06$0.60$0.59$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.14$0.09$1.05$0.46$0.51$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.19$0.08$1.10$0.46$0.54$0.08
2021Detailed filing. Detailed filing data is available for this year.$1.26$0.07$1.19$0.43$0.53$0.10
2020Detailed filing. Detailed filing data is available for this year.$1.38$2.59$1.21$0.42$0.47$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.44$2.60$1.16$0.41$0.47$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.50$2.61$1.11$0.42$0.46$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.54$2.60$1.06$0.40$0.45$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.61$2.62$1.01$0.38$0.46$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.63$2.56$0.93$0.38$0.43$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.70$2.58$0.88$0.38$0.45$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$2.55$0.81$0.41
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$2.54$0.77$0.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$2.53$0.74$0.37
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$2.53$0.71$0.35
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 30, 2025
Return Version
2023v6.0
Gross Receipts
$603,908
Mission and Program Overview

Mission

To provide low income elderly housing.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$871,072$829,757▼ $41,315
Cash and Non-Interest-Bearing Accounts$6,765$19,765▲ $13,000
Accounts Receivable$10,659$14,083▲ $3,424
Prepaid Expenses and Deferred Charges$28,695$2,863▼ $25,832
Total Assets$1,138,547$1,107,073▼ $31,474
Other Assets Total$221,356$240,605▲ $19,249
Liabilities
Accounts Payable and Accrued Expenses$71,431$29,319▼ $42,112
Other Liabilities$17,355$20,370▲ $3,015
Deferred Revenue$3,244$47▼ $3,197
Total Liabilities$92,030$49,736▼ $42,294
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,479,500$2,479,500→ $0
Net Assets Without Donor Restrictions$-1,432,983$-1,422,163▲ $10,820
Total Net Assets Fund Balance$1,046,517$1,057,337▲ $10,820
Total Liabilities and Net Assets / Fund Balance$1,138,547$1,107,073▼ $31,474

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$652,558$1,952,604$2,605,162
Equipment$40$310,545$310,585
Land$167,366-$167,366
Other Land Buildings$9,793$5,669$15,462
Other Assets Org$118--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dennis KiriadzidesPresident
Nicholas MouganisVice President
George NardoneDirector
Peter AnthonySecretary
Nicholas EvevskyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$579,225
Investment Income
$5,401
Other Revenue
$19,282
Change in Net Assets
$10,820

Audited Revenue Reconciliation

Revenue per Audited Statements
$603,908
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$603,908
Total Revenue per Form 990
$603,908
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$593,088
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
Fees for Services Management-$108,468-$108,468
Depreciation Depletion$88,796--$88,796
Insurance$44,595--$44,595
Occupancy$42,431--$42,431
All Other Expenses$16,891--$16,891
Other Expenses$13,579--$13,579
Fees for Services Accounting-$8,490-$8,490
Information Technology$5,061--$5,061
Office Expenses$4,529--$4,529
Conferences and Meetings-$1,484-$1,484
Advertising$223--$223
Interest$2--$2
Total Functional Expenses$474,646$118,442$0$593,088

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$593,088
Total Expenses per Audited Statements$593,088
Total Expenses per Form 990$593,088
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$20,370
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 A, Line 7A

The directors of the corporation shall, at all times be, limited to individuals who are either members of ahepa national housing corporation, the sponsoring organization, or nonmembers who have the approval of the board of directors of the said sponsoring organization. If a director ceases to be a member of ahepa national housing corporation or if the aforementioned approval is withdrawn, then in either event, such shall constitute automatic resignation as a member and director of the corporation.

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 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 67 Inc
EIN
22-3112741
Phone
7168726300
Address
100 AHEPA CIRCLE, WEBSTER, NY 14580

Signing Officer

Name
Dennis Kiriazides
Title
President
Phone
7168726300
Signed
2025-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Kiriazides
Formed
1987
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

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

Part XII, Line 2CPART 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, 2024 and 2023. 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, 2024 and 2023 .

Raw XML AppendixShowing 400 of 461 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/OtherRevenueMiscGrp/ExclusionAmt019282
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt019282
IRS990/OtherRevenueTotalAmt019282
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt028695
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02863
IRS990/PrincipalOfficerNm0DENNIS KIRIAZIDES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE HUD
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0374508
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1204717
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0374508
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1204717
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0533
IRS990/PYOtherExpensesAmt0513674
IRS990/PYOtherRevenueAmt04244
IRS990/PYProgramServiceRevenueAmt0451408
IRS990/PYRevenuesLessExpensesAmt0-57489
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0513674
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0456185
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt010820
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0579225
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/CurrentTaxYearAmt05401
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0533
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt034
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt056
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0717
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt06741
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0579225
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0451408
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0454659
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0427128
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0413897
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02326317
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05401
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0533
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt034
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt056
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0717
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt06741
IRS990ScheduleA/InvestmentIncomeCYPct00.00280
IRS990ScheduleA/InvestmentIncomePYPct00.00100
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt019282
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt04244
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02296
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02732
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt08968
IRS990ScheduleA/OtherIncome509Grp/TotalAmt037522
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98130
IRS990ScheduleA/PublicSupportPY509Pct00.98980
IRS990ScheduleA/PublicSupportTotal509Amt02326317
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0579225
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0451408
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0454659
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0427128
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0413897
IRS990ScheduleA/Total509Grp/TotalAmt02326317
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0603908
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0456185
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0456989
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0429916
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0423582
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02370580
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0652558
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01952604
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02605162
IRS990ScheduleD/EquipmentGrp/BookValueAmt040
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0310545
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0310585
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0593088
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0167366
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0167366
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0202269
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt118305
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt219913
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3118
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3PAINTING RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09793
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05669
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt015462
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt020370
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0603908
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, 2024 AND 2023. 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, 2024 AND 2023 .
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0829757
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0240605
IRS990ScheduleD/TotalExpensesPerForm990Amt0593088
IRS990ScheduleD/TotalLiabilityAmt020370
IRS990ScheduleD/TotalRevenuePerForm990Amt0603908
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0603908
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0593088
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 DIRECTORS OF THE CORPORATION SHALL, AT ALL TIMES BE, LIMITED TO INDIVIDUALS WHO ARE EITHER MEMBERS OF AHEPA NATIONAL HOUSING CORPORATION, THE SPONSORING ORGANIZATION, OR NONMEMBERS WHO HAVE THE APPROVAL OF THE BOARD OF DIRECTORS OF THE SAID SPONSORING ORGANIZATION. IF A DIRECTOR CEASES TO BE A MEMBER OF AHEPA NATIONAL HOUSING CORPORATION OR IF THE AFOREMENTIONED APPROVAL IS WITHDRAWN, THEN IN EITHER EVENT, SUCH SHALL CONSTITUTE AUTOMATIC RESIGNATION AS A MEMBER AND DIRECTOR OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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/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 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART VII, SECTION A, LINE 1A, COLUMN B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART XII, LINE 2CPART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0AHEPA AFFORDABLE HOUSING MANAGEMENT COMPANY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0AHEPA BUFFALO HOUSING DEVELOPMENT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0161565446
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ELDERLY HOUSING PROPERTY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0100 AHEPA DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHEEKTOWAGA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd014227
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/TotalAssetsBOYAmt01138547
IRS990/TotalAssetsEOYAmt01107073
IRS990/TotalAssetsGrp/BOYAmt01138547
IRS990/TotalAssetsGrp/EOYAmt01107073
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0118442
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0474646

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