Civic Intelligence

Ahepa 245-II Inc

EIN 22-3348871 • 501(c)3 • Newport, RI

Profile

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

87 Girard RoadNewport, RI 02840

n/A

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.15x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

78th percentile

0.41x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

53rd percentile

5.7%

Higher net margin than 53% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

61st percentile

8.2%

Faster asset growth than 61% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

68th percentile

20%

Faster revenue growth than 68% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$1,632,580

Down $42,371 (-2.5%) from 2023

Liabilities

Up

$330,251

Up $74,676 (+29%) from 2023

Net Assets

Down

$1,302,329

Down $117,047 (-8.2%) from 2023

Operations
Liabilities / Revenue78th percentileNet Margin53rd percentile

Revenue

Down

$582,603

Down $36,006 (-5.8%) from 2023

Expenses

Up

$699,650

Up $116,117 (+20%) from 2023

Net Income

Down

-$117,047

Down $152,123 (-434%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth61st percentile

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

$4.0M$2.0M$0-$2.0MAssets 2010: $2,537,732Liabilities 2010: $3,126,805Net Assets 2010: -$589,0732010Assets 2011: $2,490,836Liabilities 2011: $3,140,440Net Assets 2011: -$649,6042011Assets 2012: $2,415,193Liabilities 2012: $3,146,201Net Assets 2012: -$731,0082012Assets 2013: $2,335,700Liabilities 2013: $3,185,803Net Assets 2013: -$850,1032013Assets 2014: $2,278,562Liabilities 2014: $3,254,026Net Assets 2014: -$975,4642014Assets 2015: $2,120,059Liabilities 2015: $3,209,395Net Assets 2015: -$1,089,3362015Assets 2016: $2,025,420Liabilities 2016: $3,268,897Net Assets 2016: -$1,243,4772016Assets 2017: $1,936,291Liabilities 2017: $3,287,995Net Assets 2017: -$1,351,7042017Assets 2018: $1,830,314Liabilities 2018: $3,261,228Net Assets 2018: -$1,430,9142018Assets 2019: $1,763,944Liabilities 2019: $3,244,713Net Assets 2019: -$1,480,7692019Assets 2020: $1,686,977Liabilities 2020: $3,229,043Net Assets 2020: -$1,542,0662020Assets 2021: $1,599,794Liabilities 2021: $114,783Net Assets 2021: $1,485,0112021Assets 2022: $1,547,996Liabilities 2022: $163,696Net Assets 2022: $1,384,3002022Assets 2023: $1,674,951Liabilities 2023: $255,575Net Assets 2023: $1,419,3762023Assets 2024: $1,632,580Liabilities 2024: $330,251Net Assets 2024: $1,302,3292024

Highlighted filing

2024

Assets$1,632,580
Liabilities$330,251
Net Assets$1,302,329
Open 2024 Filing

Operations Trend

Revenue Growth68th percentile

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

$1.0M$500K$0-$500KExpenses 2010: $370,9752010Expenses 2011: $399,4982011Expenses 2012: $419,0732012Expenses 2013: $457,6572013Revenue 2014: $343,947Expenses 2014: $469,308Net Income 2014: -$125,3612014Revenue 2015: $337,081Expenses 2015: $450,953Net Income 2015: -$113,8722015Revenue 2016: $329,027Expenses 2016: $483,168Net Income 2016: -$154,1412016Revenue 2017: $370,497Expenses 2017: $478,724Net Income 2017: -$108,2272017Revenue 2018: $425,388Expenses 2018: $504,598Net Income 2018: -$79,2102018Revenue 2019: $463,613Expenses 2019: $513,468Net Income 2019: -$49,8552019Revenue 2020: $484,455Expenses 2020: $545,752Net Income 2020: -$61,2972020Revenue 2021: $498,797Expenses 2021: $557,520Net Income 2021: -$58,7232021Revenue 2022: $515,969Expenses 2022: $616,680Net Income 2022: -$100,7112022Revenue 2023: $618,609Expenses 2023: $583,533Net Income 2023: $35,0762023Revenue 2024: $582,603Expenses 2024: $699,650Net Income 2024: -$117,0472024

Highlighted filing

2024

Revenue$582,603
Expenses$699,650
Net Income-$117,047
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$1,632,580
Liabilities
$330,251
Net assets
$1,302,329
Revenue
$582,603
Expenses
$699,650
Net income
-$117,047
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.63$0.33$1.30$0.58$0.70$0.12
2023Detailed filing. Detailed filing data is available for this year.$1.67$0.26$1.42$0.62$0.58$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.55$0.16$1.38$0.52$0.62$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$0.11$1.49$0.50$0.56$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.69$3.23$1.54$0.48$0.55$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.76$3.24$1.48$0.46$0.51$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.83$3.26$1.43$0.43$0.50$0.08
2017Detailed filing. Detailed filing data is available for this year.$1.94$3.29$1.35$0.37$0.48$0.11
2016Detailed filing. Detailed filing data is available for this year.$2.03$3.27$1.24$0.33$0.48$0.15
2015Detailed filing. Detailed filing data is available for this year.$2.12$3.21$1.09$0.34$0.45$0.11
2014Detailed filing. Detailed filing data is available for this year.$2.28$3.25$0.98$0.34$0.47$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.34$3.19$0.85$0.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.42$3.15$0.73$0.42
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.49$3.14$0.65$0.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.54$3.13$0.59$0.37
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 31, 2025
Return Version
2023v6.0
Gross Receipts
$582,603
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$1,222,055$1,169,756▼ $52,299
Prepaid Expenses and Deferred Charges$39,604$57,784▲ $18,180
Accounts Receivable$8,654$9,226▲ $572
Cash and Non-Interest-Bearing Accounts$10,828$1,072▼ $9,756
Total Assets$1,674,951$1,632,580▼ $42,371
Other Assets Total$393,810$394,742▲ $932
Liabilities
Other Liabilities$208,834$211,903▲ $3,069
Accounts Payable and Accrued Expenses$46,741$117,518▲ $70,777
Deferred Revenue$0$830▲ $830
Total Liabilities$255,575$330,251▲ $74,676
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,085,800$3,085,800→ $0
Net Assets Without Donor Restrictions$-1,666,424$-1,783,471▼ $117,047
Total Net Assets Fund Balance$1,419,376$1,302,329▼ $117,047
Total Liabilities and Net Assets / Fund Balance$1,674,951$1,632,580▼ $42,371

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,162,806$2,498,270$3,661,076
Equipment$6,950$18,462$25,412
Other Assets Org$124,796--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Michael SisakPresident
Ernest M VoiletVice President
George Panichas JrDirector
John GrossomanidesDirector
John PanagakoDirector
Leonidas AmarantDirector
Alexander PhilippidesSecretary
Norman MoreauTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$573,345
Investment Income
$7,171
Other Revenue
$2,087
Change in Net Assets
$-117,047

Audited Revenue Reconciliation

Revenue per Audited Statements
$582,603
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$582,603
Total Revenue per Form 990
$582,603
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$699,650
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
Depreciation Depletion$117,517--$117,517
Occupancy$101,087--$101,087
Insurance$68,589--$68,589
Fees for Services Management-$50,006-$50,006
All Other Expenses$23,882--$23,882
Other Expenses$14,475--$14,475
Fees for Services Accounting-$10,080-$10,080
Information Technology$4,237--$4,237
Office Expenses$3,522--$3,522
Travel$1,733--$1,733
Conferences and Meetings-$594-$594
Advertising$305--$305
Fees for Services Legal$149--$149
Interest$7--$7
Total Functional Expenses$638,970$60,680$0$699,650

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$699,650
Total Expenses per Audited Statements$699,650
Total Expenses per Form 990$699,650
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
Operating Lease Liability$124,796
Other Liabilities$70,126
Deposits$16,981
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 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 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-ii Inc
EIN
22-3348871
Phone
4018468619
Address
87 GIRARD ROAD, NEWPORT, RI 02840

Signing Officer

Name
Michael Sisak
Title
President
Phone
4018468619
Signed
2025-03-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Sisak
Formed
2000
Legal Domicile
Ri
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 1,058 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/Form990PartVIISectionAGrp/PersonNm1ERNEST M VOILET
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1783471
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0101087
IRS990/OccupancyGrp/TotalAmt0101087
IRS990/OfficeExpensesGrp/ProgramServicesAmt03522
IRS990/OfficeExpensesGrp/TotalAmt03522
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt0394742
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MANAGEMENT EXPENSE STAF
IRS990/OtherExpensesGrp/Desc1CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc2SERVICE COORDINATOR EXP
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSE
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IRS990/OtherExpensesGrp/ProgramServicesAmt167721
IRS990/OtherExpensesGrp/ProgramServicesAmt249172
IRS990/OtherExpensesGrp/ProgramServicesAmt314475
IRS990/OtherExpensesGrp/TotalAmt0186574
IRS990/OtherExpensesGrp/TotalAmt167721
IRS990/OtherExpensesGrp/TotalAmt249172
IRS990/OtherExpensesGrp/TotalAmt314475
IRS990/OtherLiabilitiesGrp/BOYAmt0208834
IRS990/OtherLiabilitiesGrp/EOYAmt0211903
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02087
IRS990/OtherRevenueTotalAmt02087
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt039604
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt057784
IRS990/PrincipalOfficerNm0MICHAEL SISAK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE HUD
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0344786
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1228559
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0344786
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1228559
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0932
IRS990/PYOtherExpensesAmt0583533
IRS990/PYOtherRevenueAmt095081
IRS990/PYProgramServiceRevenueAmt0522596
IRS990/PYRevenuesLessExpensesAmt035076
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0583533
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0618609
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-117047
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0573345
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/CurrentTaxYearAmt07171
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0932
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt016
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt078
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01589
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt09786
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0573345
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0522596
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0515755
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0494500
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0475158
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02581354
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt07171
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0932
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt016
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt078
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01589
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt09786
IRS990ScheduleA/InvestmentIncomeCYPct00.00360
IRS990ScheduleA/InvestmentIncomePYPct00.00190
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt02087
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt095081
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0198
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt04219
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt07708
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0109293
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95590
IRS990ScheduleA/PublicSupportPY509Pct00.95600
IRS990ScheduleA/PublicSupportTotal509Amt02581354
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0573345
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0522596
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0515755
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0494500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0475158
IRS990ScheduleA/Total509Grp/TotalAmt02581354
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0582603
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0618609
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0515969
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0498797
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0484455
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02700433
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01162806
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02498270
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03661076
IRS990ScheduleD/EquipmentGrp/BookValueAmt06950
IRS990ScheduleD/EquipmentGrp/DepreciationAmt018462
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt025412
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0699650
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0175315
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt117831
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt276717
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt383
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4124796
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4OPERATING LEASE RIGHT OF USE ASSET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt016981
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt170126
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2124796
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OPERATING LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0582603
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01169756
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0394742
IRS990ScheduleD/TotalExpensesPerForm990Amt0699650
IRS990ScheduleD/TotalLiabilityAmt0211903
IRS990ScheduleD/TotalRevenuePerForm990Amt0582603
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0582603
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0699650
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/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/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/ExplanationTxt3THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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 B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd70
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd80
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd90
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd110
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd120
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd130
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd140
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd150
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd160
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd170
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd180
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd190
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd210
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd220
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd230

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