Civic Intelligence

Ahepa 60 Inc.

990 • Fiscal year 2023 • EIN 23-3087877

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 15, 2024

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

45th percentile

0.04x

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

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

Liabilities / Revenue

68th percentile

0.24x

Higher debt load relative to revenue than 68% of similar nonprofits.

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

Net Margin

13th percentile

-26%

Higher net margin than 13% of similar nonprofits.

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

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.

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

Asset Growth

25th percentile

-3.2%

Faster asset growth than 25% of similar nonprofits.

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

Revenue Growth

34th percentile

-2.1%

Faster revenue growth than 34% of similar nonprofits.

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

Assets

Down

$2,553,952

Down $87,806 (-3.3%) from 2021

Net Assets

Down

$2,445,376

Down $130,424 (-5.1%) from 2021

Liabilities

Up

$108,576

Up $42,618 (+65%) from 2021

Revenue

Up

$449,912

Up $18,732 (+4.3%) from 2021

Expenses

Up

$567,855

Up $86,131 (+18%) from 2021

Net Income

Down

-$117,943

Down $67,399 (-133%) from 2021

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 2023: $2,553,952Liabilities 2023: $108,576Net Assets 2023: $2,445,3762023Assets 2025: $2,319,212Liabilities 2025: $75,927Net Assets 2025: $2,243,2852025

Highlighted filing

2023

Assets$2,553,952
Liabilities$108,576
Net Assets$2,445,376

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 2023: $449,912Expenses 2023: $567,855Net Income 2023: -$117,9432023Revenue 2025: $496,834Expenses 2025: $556,479Net Income 2025: -$59,6452025

Highlighted filing

2023

Revenue$449,912
Expenses$567,855
Net Income-$117,943
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 15, 2024
Return Version
2022v5.0
Gross Receipts
$449,912
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$2,316,114$2,220,521▼ $95,593
Prepaid Expenses and Deferred Charges$23,668$31,023▲ $7,355
Accounts Receivable$2,335$7,180▲ $4,845
Cash and Non-Interest-Bearing Accounts$11,211$3,296▼ $7,915
Total Assets$2,639,670$2,553,952▼ $85,718
Other Assets Total$286,342$291,932▲ $5,590
Liabilities
Accounts Payable and Accrued Expenses$41,673$88,486▲ $46,813
Other Liabilities$19,939$19,179▼ $760
Unsecured Notes Loans Payable$14,684$0▼ $14,684
Deferred Revenue$55$911▲ $856
Total Liabilities$76,351$108,576▲ $32,225
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,720,200$3,720,200→ $0
Net Assets Without Donor Restrictions$-1,156,881$-1,274,824▼ $117,943
Total Net Assets Fund Balance$2,563,319$2,445,376▼ $117,943
Total Liabilities and Net Assets / Fund Balance$2,639,670$2,553,952▼ $85,718

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,102,541$1,821,383$3,923,924
Equipment$17,980$111,299$129,279
Land$100,000-$100,000
Other Assets Org$43,651--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$448,438
Investment Income
$1,474
Other Revenue
$0
Change in Net Assets
$-117,943

Audited Revenue Reconciliation

Revenue per Audited Statements
$449,912
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$449,912
Total Revenue per Form 990
$449,912
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$567,855
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$111,018--$111,018
Occupancy$60,468--$60,468
Insurance$45,189--$45,189
All Other Expenses$30,959--$30,959
Other Expenses$29,344--$29,344
Fees for Services Management-$25,584-$25,584
Fees for Services Accounting-$11,336-$11,336
Information Technology$6,930--$6,930
Office Expenses$3,289--$3,289
Conferences and Meetings-$2,361-$2,361
Fees for Services Legal$10--$10
Interest$3--$3
Total Functional Expenses$528,574$39,281$0$567,855

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$567,855
Total Expenses per Audited Statements$567,855
Total Expenses per Form 990$567,855
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$19,179
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 2

FAMILY RELATIONSHIP

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 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 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
2024-04-15
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
13

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, 2C

This 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, 2023 and 2022. 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, 2023 and 2022.

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IRS990/OtherExpensesGrp/ProgramServicesAmt183821
IRS990/OtherExpensesGrp/ProgramServicesAmt242183
IRS990/OtherExpensesGrp/ProgramServicesAmt329344
IRS990/OtherExpensesGrp/TotalAmt0115360
IRS990/OtherExpensesGrp/TotalAmt183821
IRS990/OtherExpensesGrp/TotalAmt242183
IRS990/OtherExpensesGrp/TotalAmt329344
IRS990/OtherLiabilitiesGrp/BOYAmt019939
IRS990/OtherLiabilitiesGrp/EOYAmt019179
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt023668
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt031023
IRS990/PrincipalOfficerNm0CHARLES MACKENZIE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE HUD
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0234877
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1213561
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0234877
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1213561
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt022
IRS990/PYOtherExpensesAmt0472126
IRS990/PYOtherRevenueAmt022324
IRS990/PYProgramServiceRevenueAmt0437299
IRS990/PYRevenuesLessExpensesAmt0-12481
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0472126
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0459645
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-117943
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0448438
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01474
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt022
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt068
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01286
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01094
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03944
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0448438
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0437299
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0423775
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0415407
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0376481
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02101400
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01474
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt022
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt068
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01286
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01094
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03944
IRS990ScheduleA/InvestmentIncomeCYPct00.00180
IRS990ScheduleA/InvestmentIncomePYPct00.00130
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt022324
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt07337
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt013185
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01742
IRS990ScheduleA/OtherIncome509Grp/TotalAmt044588
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97740
IRS990ScheduleA/PublicSupportPY509Pct00.97540
IRS990ScheduleA/PublicSupportTotal509Amt02101400
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0448438
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0437299
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0423775
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0415407
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0376481
IRS990ScheduleA/Total509Grp/TotalAmt02101400
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0449912
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0459645
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0431180
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0429878
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0379317
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02149932
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02102541
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01821383
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03923924
IRS990ScheduleD/EquipmentGrp/BookValueAmt017980
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0111299
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0129279
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0567855
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0100000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0100000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0201033
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt120107
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt214927
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt312214
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt443651
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4PAINTING RESERVES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019179
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0449912
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, 2023 AND 2022. 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, 2023 AND 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02220521
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0291932
IRS990ScheduleD/TotalExpensesPerForm990Amt0567855
IRS990ScheduleD/TotalLiabilityAmt019179
IRS990ScheduleD/TotalRevenuePerForm990Amt0449912
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0449912
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0567855
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/ExplanationTxt2THE 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/ExplanationTxt3THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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/ExplanationTxt5THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL 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/ExplanationTxt7THIS PROCESS IS CONSISTENT WITH PRIOR YEARS.
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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART VII, SECTION A, LINE 1A, COLUMN B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7PART XII, 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00

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