Civic Intelligence

Ahepa 245-II Inc.

990 • Fiscal year 2021 • EIN 22-3348871

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 13, 2022

87 Girard RoadNewport, RI 02840

(401) 846-8619

Siviq Scores

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

Liabilities / Assets

51st percentile

0.07x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

67th percentile

0.23x

Higher debt load relative to revenue than 67% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

14th percentile

-12%

Higher net margin than 14% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

13th percentile

-5.2%

Faster asset growth than 13% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

37th percentile

3.0%

Faster revenue growth than 37% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$1,599,794

Down $87,183 (-5.2%) from 2020

Net Assets

Up

$1,485,011

Up $3,027,077 (+196%) from 2020

Liabilities

Down

$114,783

Down $3,114,260 (-96%) from 2020

Revenue

Up

$498,797

Up $14,342 (+3.0%) from 2020

Expenses

Up

$557,520

Up $11,768 (+2.2%) from 2020

Net Income

Up

-$58,723

Up $2,574 (+4.2%) from 2020

Historical Trend

Balance Sheet Trend

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

$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

2021

Assets$1,599,794
Liabilities$114,783
Net Assets$1,485,011

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2021

Revenue$498,797
Expenses$557,520
Net Income-$58,723
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 13, 2022
Return Version
2020v4.2
Gross Receipts
$498,797
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$1,448,270$1,373,512▼ $74,758
Prepaid Expenses and Deferred Charges$20,249$14,959▼ $5,290
Accounts Receivable$6,853$7,386▲ $533
Cash and Non-Interest-Bearing Accounts$4,151$1,091▼ $3,060
Total Assets$1,686,977$1,599,794▼ $87,183
Other Assets Total$207,454$202,846▼ $4,608
Liabilities
Other Liabilities$70,534$73,273▲ $2,739
Accounts Payable and Accrued Expenses$72,709$41,266▼ $31,443
Deferred Revenue$0$244▲ $244
Total Liabilities$143,243$114,783▼ $28,460
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,085,800$3,085,800→ $0
Net Assets Without Donor Restrictions$-1,542,066$-1,600,789▼ $58,723
Total Net Assets Fund Balance$1,543,734$1,485,011▼ $58,723
Total Liabilities and Net Assets / Fund Balance$1,686,977$1,599,794▼ $87,183

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,367,883$2,150,674$3,518,557
Equipment$5,629$13,533$19,162
Other Assets Org$84--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$494,500
Investment Income
$78
Other Revenue
$4,219
Change in Net Assets
$-58,723

Audited Revenue Reconciliation

Revenue per Audited Statements
$498,797
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$498,797
Total Revenue per Form 990
$498,797
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$557,520
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$115,758--$115,758
Occupancy$97,254--$97,254
Fees for Services Management-$43,167-$43,167
Insurance$32,365--$32,365
All Other Expenses$21,236--$21,236
Other Expenses$11,385--$11,385
Fees for Services Accounting-$9,550-$9,550
Fees for Services Legal$6,166--$6,166
Office Expenses$3,262--$3,262
Information Technology$2,735--$2,735
Conferences and Meetings-$277-$277
Travel$77--$77
Interest$11--$11
Total Functional Expenses$504,526$52,994$0$557,520

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$557,520
Total Expenses per Audited Statements$557,520
Total Expenses per Form 990$557,520
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
Other Liabilities$57,136
Deposits$16,137
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 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
2022-03-13
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Clark Schaefer Hackett & Co
Address
14 EAST MAIN STREET SUITE 500, SPRINGFIELD, OH 45502
Preparer
Renea R Irick
Phone
9373992000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process is consistent with prior years.

Financial Statement Notes

PART X, LINE 2:

No provision or benefit for income taxes has been included in these financial statements since the organization was organized as a not-for-profit corporation and has secured tax exempt status under section 501(c)(3) of the internal revenue code and did not have any unrelated business income for the years ended june 30, 2021 and 2020. The organization has determined that all income tax filing positions would be sustained upon examination and accordingly, the organization has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions pursuant to asc 740 income taxes as of june 30, 2021 and 2020.

Raw XML AppendixShowing 400 of 1,044 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/BOYAmt072709
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt041266
IRS990/AccountsReceivableGrp/BOYAmt06853
IRS990/AccountsReceivableGrp/EOYAmt07386
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY.
IRS990/AllOtherExpensesGrp/ProgramServicesAmt021236
IRS990/AllOtherExpensesGrp/TotalAmt021236
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0AHEPA AFFORDABLE HOUSING MGT CO
IRS990/BooksInCareOfDetail/PhoneNum03178453410
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt010706 SKY PRAIRIE STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0FISHERS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd046038
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt04151
IRS990/CashNonInterestBearingGrp/EOYAmt01091
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0277
IRS990/ConferencesMeetingsGrp/TotalAmt0277
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt078
IRS990/CYOtherExpensesAmt0557520
IRS990/CYOtherRevenueAmt04219
IRS990/CYProgramServiceRevenueAmt0494500
IRS990/CYRevenuesLessExpensesAmt0-58723
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0557520
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0498797
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt0244
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0115758
IRS990/DepreciationDepletionGrp/TotalAmt0115758
IRS990/Desc0PROVIDE HOUSING TO LOW INCOME INDIVIDUALS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt03085800
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt03085800
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0504526
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt09550
IRS990/FeesForServicesAccountingGrp/TotalAmt09550
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt06166
IRS990/FeesForServicesLegalGrp/TotalAmt06166
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt043167
IRS990/FeesForServicesManagementGrp/TotalAmt043167
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0MICHAEL SISAK
IRS990/Form990PartVIISectionAGrp/PersonNm1ERNEST M VOILET
IRS990/Form990PartVIISectionAGrp/PersonNm2BASILE PANOUTSOPOULOS
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES ROZES
IRS990/Form990PartVIISectionAGrp/PersonNm4CHRISTOPHER CHRISTOPHER
IRS990/Form990PartVIISectionAGrp/PersonNm5DEMETRIOS GEORGIOU
IRS990/Form990PartVIISectionAGrp/PersonNm6NORMAN MOREAU
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02000
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0498797
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt02735
IRS990/InformationTechnologyGrp/TotalAmt02735
IRS990/InsuranceGrp/ProgramServicesAmt032365
IRS990/InsuranceGrp/TotalAmt032365
IRS990/InterestGrp/ProgramServicesAmt011
IRS990/InterestGrp/TotalAmt011
IRS990/InvestmentIncomeGrp/ExclusionAmt078
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt078
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02164207
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01448270
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01373512
IRS990/LandBldgEquipCostOrOtherBssAmt03537719
IRS990/LegalDomicileStateCd0RI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01543734
IRS990/NetAssetsOrFundBalancesEOYAmt01485011
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1542066
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1600789
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt097254
IRS990/OccupancyGrp/TotalAmt097254
IRS990/OfficeExpensesGrp/ProgramServicesAmt03262
IRS990/OfficeExpensesGrp/TotalAmt03262
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0207454
IRS990/OtherAssetsTotalGrp/EOYAmt0202846
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MANAGEMENT EXPENSE STAF
IRS990/OtherExpensesGrp/Desc1CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc2SERVICE COORDINATOR EXP
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt0122912
IRS990/OtherExpensesGrp/ProgramServicesAmt152321
IRS990/OtherExpensesGrp/ProgramServicesAmt239044
IRS990/OtherExpensesGrp/ProgramServicesAmt311385
IRS990/OtherExpensesGrp/TotalAmt0122912
IRS990/OtherExpensesGrp/TotalAmt152321
IRS990/OtherExpensesGrp/TotalAmt239044
IRS990/OtherExpensesGrp/TotalAmt311385
IRS990/OtherLiabilitiesGrp/BOYAmt070534
IRS990/OtherLiabilitiesGrp/EOYAmt073273
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt04219
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04219
IRS990/OtherRevenueTotalAmt04219
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020249
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014959
IRS990/PrincipalOfficerNm0MICHAEL SISAK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE HUD
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0331738
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1162762
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0331738
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1162762
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01589
IRS990/PYOtherExpensesAmt0545752
IRS990/PYOtherRevenueAmt07708
IRS990/PYProgramServiceRevenueAmt0475158
IRS990/PYRevenuesLessExpensesAmt0-61297
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0545752
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0484455
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-58723
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0494500
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/CurrentTaxYearAmt078
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01589
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02257
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0551
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0570
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05045
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0494500
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0475158
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0459923
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0418891
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0367147
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02215619
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt078
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01589
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02257
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0551
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0570
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05045
IRS990ScheduleA/InvestmentIncomeCYPct00.00220
IRS990ScheduleA/InvestmentIncomePYPct00.00260
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt04219
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt07708
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01421
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt05946
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02780
IRS990ScheduleA/OtherIncome509Grp/TotalAmt022074
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98790
IRS990ScheduleA/PublicSupportPY509Pct00.98780
IRS990ScheduleA/PublicSupportTotal509Amt02215619
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0494500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0475158
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0459923
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0418891
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0367147
IRS990ScheduleA/Total509Grp/TotalAmt02215619
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0498797
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0484455
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0463601
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0425388
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0370497
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02242738
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01367883
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02150674
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03518557
IRS990ScheduleD/EquipmentGrp/BookValueAmt05629
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013533
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019162
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0557520
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0181346
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt117916
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt23500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt384
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt016137
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt157136
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER LIABILITIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0498797
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/TotalBookValueLandBuildingsAmt01373512
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0202846
IRS990ScheduleD/TotalExpensesPerForm990Amt0557520
IRS990ScheduleD/TotalLiabilityAmt073273
IRS990ScheduleD/TotalRevenuePerForm990Amt0498797
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0498797
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0557520
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/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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd240
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd250
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd260
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd270
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd280
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd290
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd300
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd310
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd320
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd330
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd340
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd350
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd360
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd370
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd380
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd390
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd400
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd410

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
2021Detailed filing. Detailed filing data is available for this year.$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