Civic Intelligence

Ahepa 60 Inc.

990 • Fiscal year 2016 • EIN 23-3087877

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 14, 2017

1810 South Albert StreetAllentown, PA 18103

(610) 798-8320

Siviq Scores

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

Liabilities / Assets

95th percentile

1.27x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

98th percentile

11.18x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

9th percentile

-37%

Higher net margin than 9% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

24th percentile

-4.2%

Faster asset growth than 24% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

52nd percentile

3.3%

Faster revenue growth than 52% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$3,015,815

Down $133,291 (-4.2%) from 2015

Net Assets

Down

-$800,165

Down $125,695 (-19%) from 2015

Liabilities

Down

$3,815,980

Down $7,596 (-0.2%) from 2015

Revenue

Up

$341,457

Up $10,816 (+3.3%) from 2015

Expenses

Down

$467,152

Down $8,421 (-1.8%) from 2015

Net Income

Up

-$125,695

Up $19,237 (+13%) from 2015

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: $3,717,566Liabilities 2010: $3,817,095Net Assets 2010: -$99,5292010Assets 2013: $3,410,708Liabilities 2013: $3,826,865Net Assets 2013: -$416,1572013Assets 2014: $3,305,917Liabilities 2014: $3,835,455Net Assets 2014: -$529,5382014Assets 2015: $3,149,106Liabilities 2015: $3,823,576Net Assets 2015: -$674,4702015Assets 2016: $3,015,815Liabilities 2016: $3,815,980Net Assets 2016: -$800,1652016Assets 2020: $2,704,154Liabilities 2020: $3,829,943Net Assets 2020: -$1,125,7892020Assets 2021: $2,641,758Liabilities 2021: $65,958Net Assets 2021: $2,575,8002021Assets 2025: $2,319,212Liabilities 2025: $75,927Net Assets 2025: $2,243,2852025

Highlighted filing

2016

Assets$3,015,815
Liabilities$3,815,980
Net Assets-$800,165

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $346,8022010Expenses 2013: $384,8522013Revenue 2014: $305,951Expenses 2014: $419,332Net Income 2014: -$113,3812014Revenue 2015: $330,641Expenses 2015: $475,573Net Income 2015: -$144,9322015Revenue 2016: $341,457Expenses 2016: $467,152Net Income 2016: -$125,6952016Revenue 2020: $429,878Expenses 2020: $480,278Net Income 2020: -$50,4002020Revenue 2021: $431,180Expenses 2021: $481,724Net Income 2021: -$50,5442021Revenue 2025: $496,834Expenses 2025: $556,479Net Income 2025: -$59,6452025

Highlighted filing

2016

Revenue$341,457
Expenses$467,152
Net Income-$125,695
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 14, 2017
Return Version
2015v3.0
Gross Receipts
$341,457
Mission and Program Overview

Mission

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

To provide elderly low income housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,931,805$2,853,886▼ $77,919
Savings and Temporary Cash Investments$189,597$133,134▼ $56,463
Prepaid Expenses and Deferred Charges$16,947$15,868▼ $1,079
Cash and Non-Interest-Bearing Accounts$10,757$12,927▲ $2,170
Total Assets$3,149,106$3,015,815▼ $133,291
Liabilities
Other Liabilities$3,770,840$3,770,170▼ $670
Accounts Payable and Accrued Expenses$38,052$31,126▼ $6,926
Mortgage Notes Payable Secured by Investment Property$14,684$14,684→ $0
Total Liabilities$3,823,576$3,815,980▼ $7,596
Net Assets / Fund Balance
Unrestricted Net Assets$-674,470$-800,165▼ $125,695
Total Net Assets Fund Balance$-674,470$-800,165▼ $125,695
Total Liabilities and Net Assets / Fund Balance$3,149,106$3,015,815▼ $133,291

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,702,106$1,081,367$3,783,473
Land$100,000-$100,000
Equipment$43,753$38,728$82,481
Other Land Buildings$8,027$8,937$16,964
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$144,790
Program Service Revenue
$195,194
Investment Income
$279
Other Revenue
$1,194
Change in Net Assets
$-125,695

Audited Revenue Reconciliation

Revenue per Audited Statements
$341,457
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$341,457
Total Revenue per Form 990
$341,457
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$467,152
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
Occupancy$124,316--$124,316
Depreciation Depletion$120,021--$120,021
Fees for Services Management$23,616--$23,616
Other Expenses$21,874--$21,874
Fees for Services Accounting$11,683--$11,683
Information Technology$4,115--$4,115
Conferences and Meetings$3,332--$3,332
Office Expenses$2,969--$2,969
Insurance$1,764--$1,764
Total Functional Expenses$467,152$0$0$467,152

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$467,152
Total Expenses per Audited Statements$467,152
Total Expenses per Form 990$467,152
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
Capital Advance$3,720,200
Sponsor Escrow$31,933
Tenant Security Deposits$18,037
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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 2

FAMILY RELATIONSHIP.

Form 990, Part VI, Section A, Line 3

The management function is performed by ahepa management company in fishers, indiana.

Form 990, Part VI, Section A, Line 7A

The trustees of the corporation shall, at all times be, limited to individuals who are either members of ahepa national housing corporation, the sponsoring organization or non-members who have the approval of the board of trustees of the said sponsoring organization in the event that a trustee ceases to be a member of ahepa national housing corporation or if the afore said approval is withdrawn, then in either event, such constitutes automatic resignation as a member and trustee 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 11

The signer of the form 990 will present it to the board of directors for approval.

Form 990, Part VI, Section C, Line 19

The organization makes its documents available upon request.

Filing and Contact Details

Filer

Filer Name
Ahepa 60 Inc
EIN
23-3087877
Phone
6107988320
Address
1810 SOUTH ALBERT STREET, ALLENTOWN, PA 18103

Signing Officer

Name
Charles Mackenzie
Title
President
Phone
6107988320
Signed
2017-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Mackenzie
Formed
2001
Legal Domicile
Pa
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
0

Preparer

Firm
Whittlesey & Hadley Pc
Address
280 TRUMBULL ST 24TH FL, HARTFORD, CT 06103
Preparer
Andrew G Andrews
Phone
8605223111
Supplemental Narrative

Additional Explanations

Form 990 Part XII, Line 2C-

The organization has not changed its process during the year.

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IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0196388
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0189597
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0133134
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0144790
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0132168
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0110986
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0118523
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0115062
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0621529
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0279
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0213
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0151
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0256
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0508
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01407
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0195194
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0197108
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0193339
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0185628
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0186375
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0957644
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0279
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0213
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0151
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0256
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0508
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01407
IRS990ScheduleA/InvestmentIncomeCYPct00.00090
IRS990ScheduleA/InvestmentIncomePYPct00.00120
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01194
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01152
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01475
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0864
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01637
IRS990ScheduleA/OtherIncome509Grp/TotalAmt06322
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99510
IRS990ScheduleA/PublicSupportPY509Pct00.99480
IRS990ScheduleA/PublicSupportTotal509Amt01579173
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0339984
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0329276
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0304325
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0304151
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0301437
IRS990ScheduleA/Total509Grp/TotalAmt01579173
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0341457
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0330641
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0305951
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0305271
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0303582
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01586902
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt02702106
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01081367
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03783473
IRS990ScheduleD/EquipmentGrp/BookValueAmt043753
IRS990ScheduleD/EquipmentGrp/DepreciationAmt038728
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt082481
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0467152
IRS990ScheduleD/LandGrp/BookValueAmt0100000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0100000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08027
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08937
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt016964
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018037
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt131933
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23720200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SPONSOR ESCROW
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CAPITAL ADVANCE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0341457
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02853886
IRS990ScheduleD/TotalExpensesPerForm990Amt0467152
IRS990ScheduleD/TotalLiabilityAmt03770170
IRS990ScheduleD/TotalRevenuePerForm990Amt0341457
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0341457
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0467152
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MANAGEMENT FUNCTION IS PERFORMED BY AHEPA MANAGEMENT COMPANY IN FISHERS, INDIANA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TRUSTEES OF THE CORPORATION SHALL, AT ALL TIMES BE, LIMITED TO INDIVIDUALS WHO ARE EITHER MEMBERS OF AHEPA NATIONAL HOUSING CORPORATION, THE SPONSORING ORGANIZATION OR NON-MEMBERS WHO HAVE THE APPROVAL OF THE BOARD OF TRUSTEES OF THE SAID SPONSORING ORGANIZATION IN THE EVENT THAT A TRUSTEE CEASES TO BE A MEMBER OF AHEPA NATIONAL HOUSING CORPORATION OR IF THE AFORE SAID APPROVAL IS WITHDRAWN, THEN IN EITHER EVENT, SUCH CONSTITUTES AUTOMATIC RESIGNATION AS A MEMBER AND TRUSTEE OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE SIGNER OF THE FORM 990 WILL PRESENT IT TO THE BOARD OF DIRECTORS FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION HAS NOT CHANGED ITS PROCESS DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 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/DisregardedEntityName/BusinessNameLine1Txt0AHEPA NATIONAL HOUSING CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1AHEPA AFFORDABLE HOUSING MANAGEMENT COMPANY INC

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