Civic Intelligence

Ahepa 250-V Inc

EIN 26-4231174 • 501(c)3 • Niantic, CT

Profile

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

269 Roxbury RoadNiantic, CT 06357

n/A

Siviq Scores

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

Liabilities / Assets

26th percentile

0.02x

Higher debt load relative to assets than 26% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

60th percentile

0.24x

Higher debt load relative to revenue than 60% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

10th percentile

-28%

Higher net margin than 10% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

24th percentile

-2.7%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

38th percentile

1.9%

Faster revenue growth than 38% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Down

$5,878,492

Down $195,199 (-3.2%) from 2023

Liabilities

Up

$113,089

Up $62 (+0.1%) from 2023

Net Assets

Down

$5,765,403

Down $195,261 (-3.3%) from 2023

Revenue

Up

$648,550

Up $85,219 (+15%) from 2023

Expenses

Up

$843,811

Up $136,846 (+19%) from 2023

Net Income

Down

-$195,261

Down $51,627 (-36%) from 2023

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2011: $8,209,381Liabilities 2011: $8,368,973Net Assets 2011: -$159,5922011Assets 2012: $8,045,726Liabilities 2012: $8,426,138Net Assets 2012: -$380,4122012Assets 2013: $7,881,139Liabilities 2013: $8,500,565Net Assets 2013: -$619,4262013Assets 2014: $7,718,936Liabilities 2014: $8,648,034Net Assets 2014: -$929,0982014Assets 2015: $7,492,633Liabilities 2015: $8,653,870Net Assets 2015: -$1,161,2372015Assets 2016: $7,313,958Liabilities 2016: $8,634,890Net Assets 2016: -$1,320,9322016Assets 2017: $7,155,399Liabilities 2017: $8,618,308Net Assets 2017: -$1,462,9092017Assets 2018: $6,990,422Liabilities 2018: $8,601,762Net Assets 2018: -$1,611,3402018Assets 2019: $6,796,475Liabilities 2019: $8,563,949Net Assets 2019: -$1,767,4742019Assets 2020: $6,625,093Liabilities 2020: $8,521,073Net Assets 2020: -$1,895,9802020Assets 2021: $6,403,092Liabilities 2021: $152,891Net Assets 2021: $6,250,2012021Assets 2022: $6,231,247Liabilities 2022: $126,949Net Assets 2022: $6,104,2982022Assets 2023: $6,073,691Liabilities 2023: $113,027Net Assets 2023: $5,960,6642023Assets 2024: $5,878,492Liabilities 2024: $113,089Net Assets 2024: $5,765,4032024

Highlighted filing

2024

Assets$5,878,492
Liabilities$113,089
Net Assets$5,765,403

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $343,1012011Expenses 2012: $534,1102012Expenses 2013: $547,5552013Revenue 2014: $304,703Expenses 2014: $614,375Net Income 2014: -$309,6722014Revenue 2015: $393,653Expenses 2015: $625,792Net Income 2015: -$232,1392015Revenue 2016: $474,701Expenses 2016: $634,396Net Income 2016: -$159,6952016Revenue 2017: $474,942Expenses 2017: $616,919Net Income 2017: -$141,9772017Revenue 2018: $481,666Expenses 2018: $630,097Net Income 2018: -$148,4312018Revenue 2019: $493,442Expenses 2019: $649,576Net Income 2019: -$156,1342019Revenue 2020: $526,609Expenses 2020: $655,115Net Income 2020: -$128,5062020Revenue 2021: $518,946Expenses 2021: $654,865Net Income 2021: -$135,9192021Revenue 2022: $528,977Expenses 2022: $674,880Net Income 2022: -$145,9032022Revenue 2023: $563,331Expenses 2023: $706,965Net Income 2023: -$143,6342023Revenue 2024: $648,550Expenses 2024: $843,811Net Income 2024: -$195,2612024

Highlighted filing

2024

Revenue$648,550
Expenses$843,811
Net Income-$195,261

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.88$0.11$5.77$0.65$0.84$0.20
2023Detailed filing. Detailed filing data is available for this year.$6.07$0.11$5.96$0.56$0.71$0.14
2022Detailed filing. Detailed filing data is available for this year.$6.23$0.13$6.10$0.53$0.67$0.15
2021Detailed filing. Detailed filing data is available for this year.$6.40$0.15$6.25$0.52$0.65$0.14
2020Detailed filing. Detailed filing data is available for this year.$6.63$8.52$1.90$0.53$0.66$0.13
2019Detailed filing. Detailed filing data is available for this year.$6.80$8.56$1.77$0.49$0.65$0.16
2018Detailed filing. Detailed filing data is available for this year.$6.99$8.60$1.61$0.48$0.63$0.15
2017Detailed filing. Detailed filing data is available for this year.$7.16$8.62$1.46$0.47$0.62$0.14
2016Detailed filing. Detailed filing data is available for this year.$7.31$8.63$1.32$0.47$0.63$0.16
2015Detailed filing. Detailed filing data is available for this year.$7.49$8.65$1.16$0.39$0.63$0.23
2014Detailed filing. Detailed filing data is available for this year.$7.72$8.65$0.93$0.30$0.61$0.31
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.88$8.50$0.62$0.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.05$8.43$0.38$0.53
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.21$8.37$0.16$0.34
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 30, 2025
Return Version
2023v6.0
Gross Receipts
$648,550
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$5,550,410$5,339,514▼ $210,896
Prepaid Expenses and Deferred Charges$50,585$60,055▲ $9,470
Cash and Non-Interest-Bearing Accounts$14,123$6,418▼ $7,705
Accounts Receivable$3,018$1,320▼ $1,698
Total Assets$6,073,691$5,878,492▼ $195,199
Other Assets Total$455,555$471,185▲ $15,630
Liabilities
Accounts Payable and Accrued Expenses$68,928$63,210▼ $5,718
Other Liabilities$37,128$46,730▲ $9,602
Deferred Revenue$6,971$3,149▼ $3,822
Total Liabilities$113,027$113,089▲ $62
Net Assets / Fund Balance
Net Assets With Donor Restrictions$8,282,100$8,282,100→ $0
Net Assets Without Donor Restrictions$-2,321,436$-2,516,697▼ $195,261
Total Net Assets Fund Balance$5,960,664$5,765,403▼ $195,261
Total Liabilities and Net Assets / Fund Balance$6,073,691$5,878,492▼ $195,199

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,223,397$2,831,856$8,055,253
Equipment$65,117$43,323$108,440
Land$51,000-$51,000
Other Assets Org$46,689--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ep MitchellPresident
Demetrius TasoulasVice President
Demetrios OrphanidesDirector
George MitchellDirector
George NardoneDirector
Nicholas KallanDirector
WILLIAM O'DONNELLDirector
David MartinSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$638,730
Investment Income
$9,550
Other Revenue
$270
Change in Net Assets
$-195,261

Audited Revenue Reconciliation

Revenue per Audited Statements
$648,550
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$648,550
Total Revenue per Form 990
$648,550
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$843,811
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$227,896--$227,896
Occupancy$146,223--$146,223
Insurance$78,428--$78,428
Fees for Services Management-$53,334-$53,334
All Other Expenses$29,787--$29,787
Other Expenses$24,801--$24,801
Fees for Services Accounting-$11,535-$11,535
Information Technology$6,583--$6,583
Office Expenses$5,302--$5,302
Conferences and Meetings-$1,455-$1,455
Travel$211--$211
Advertising$92--$92
Interest$58--$58
Fees for Services Legal$50--$50
Total Functional Expenses$777,487$66,324$0$843,811

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$843,811
Total Expenses per Audited Statements$843,811
Total Expenses per Form 990$843,811
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
Tenant Security Deposits$24,740
Sponsors Advance$12,500
Bank Overdraft$9,490
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

Family relationship between e.p. Terry mitchell (president) and george mitchell (director).

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 7B

Vacancies on the board of directors shall be filled upon approval of ahepa national housing 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 B, Line 12C

Review the policy on an annual basis with the board of directors to make sure that everyone is complying.

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.

Form 990, 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 250-v Inc
EIN
26-4231174
Phone
8606913329
Address
269 ROXBURY ROAD, NIANTIC, CT 06357

Signing Officer

Name
E P Mitchell
Title
President
Phone
8606913329
Signed
2025-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
E P Mitchell
Formed
2009
Legal Domicile
Ct
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 1,050 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/TitleTxt1VICE PRESIDENT
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IRS990/OtherAssetsTotalGrp/EOYAmt0471185
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MANAGEMENT EXPENSE STAF
IRS990/OtherExpensesGrp/Desc1CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc2SERVICE COORDINATOR EXP
IRS990/OtherExpensesGrp/Desc3REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/ProgramServicesAmt0183657
IRS990/OtherExpensesGrp/ProgramServicesAmt143826
IRS990/OtherExpensesGrp/ProgramServicesAmt230573
IRS990/OtherExpensesGrp/ProgramServicesAmt324801
IRS990/OtherExpensesGrp/TotalAmt0183657
IRS990/OtherExpensesGrp/TotalAmt143826
IRS990/OtherExpensesGrp/TotalAmt230573
IRS990/OtherExpensesGrp/TotalAmt324801
IRS990/OtherLiabilitiesGrp/BOYAmt037128
IRS990/OtherLiabilitiesGrp/EOYAmt046730
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt0270
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0270
IRS990/OtherRevenueTotalAmt0270
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt050585
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt060055
IRS990/PrincipalOfficerNm0E P MITCHELL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE HUD
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0328718
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1310012
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0328718
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1310012
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt06039
IRS990/PYOtherExpensesAmt0706965
IRS990/PYOtherRevenueAmt02664
IRS990/PYProgramServiceRevenueAmt0554628
IRS990/PYRevenuesLessExpensesAmt0-143634
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0706965
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0563331
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-195261
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0638730
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt09550
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt06039
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0155
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0289
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt07137
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt023170
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0638730
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0554628
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0528355
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0518273
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0504001
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02743987
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt09550
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt06039
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0155
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0289
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt07137
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt023170
IRS990ScheduleA/InvestmentIncomeCYPct00.00830
IRS990ScheduleA/InvestmentIncomePYPct00.00730
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0270
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02664
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0467
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0384
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt015471
IRS990ScheduleA/OtherIncome509Grp/TotalAmt019256
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98480
IRS990ScheduleA/PublicSupportPY509Pct00.98550
IRS990ScheduleA/PublicSupportTotal509Amt02743987
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0638730
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0554628
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0528355
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0518273
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0504001
IRS990ScheduleA/Total509Grp/TotalAmt02743987
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0648550
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0563331
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0528977
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0518946
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0526609
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02786413
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05223397
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02831856
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08055253
IRS990ScheduleD/EquipmentGrp/BookValueAmt065117
IRS990ScheduleD/EquipmentGrp/DepreciationAmt043323
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0108440
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0843811
IRS990ScheduleD/LandGrp/BookValueAmt051000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt051000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0362342
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt149654
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt212500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt346689
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE - HUD
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2MINIMUM CAPITAL INVESTMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ESCROW DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024740
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt112500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt29490
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SPONSORS ADVANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2BANK OVERDRAFT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0648550
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05339514
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0471185
IRS990ScheduleD/TotalExpensesPerForm990Amt0843811
IRS990ScheduleD/TotalLiabilityAmt046730
IRS990ScheduleD/TotalRevenuePerForm990Amt0648550
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0648550
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0843811
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FAMILY RELATIONSHIP BETWEEN E.P. TERRY MITCHELL (PRESIDENT) AND GEORGE MITCHELL (DIRECTOR).
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/ExplanationTxt3VACANCIES ON THE BOARD OF DIRECTORS SHALL BE FILLED UPON APPROVAL OF AHEPA NATIONAL HOUSING CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 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/ExplanationTxt6REVIEW THE POLICY ON AN ANNUAL BASIS WITH THE BOARD OF DIRECTORS TO MAKE SURE THAT EVERYONE IS COMPLYING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ALL 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/ExplanationTxt9THE 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 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 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

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