Liabilities / Assets
41st percentile
Higher debt load relative to assets than 41% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.03x
Liabilities / Revenue
79th percentile
Higher debt load relative to revenue than 79% of similar nonprofits.
Net Margin
7th percentile
Higher net margin than 7% of similar nonprofits.
Top Officer Pay
39th percentile
Higher top officer pay than 39% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
19th percentile
Faster asset growth than 19% of similar nonprofits.
Revenue Growth
30th percentile
Faster revenue growth than 30% of similar nonprofits.
Balance Sheet
Assets
Down$4,624,571
Down $122,732 (-2.6%) from 2020
Net Assets
Up$4,475,229
Up $5,180,521 (+735%) from 2020
Liabilities
Down$149,342
Down $5,303,253 (-97%) from 2020
Revenue And Expenses
Revenue
Down$311,595
Down $3,396 (-1.1%) from 2020
Expenses
Up$426,342
Up $18,779 (+4.6%) from 2020
Net Income
Down-$114,747
Down $22,175 (-24%) from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2020 to Jun 30, 2021
- Signed
- Mar 8, 2022
- Return Version
- 2020v4.2
- Gross Receipts
- $311,595
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
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $4,426,941 | $4,310,256 | ▼ $116,685 |
| Prepaid Expenses and Deferred Charges | $20,238 | $21,526 | ▲ $1,288 |
| Cash and Non-Interest-Bearing Accounts | $7,951 | $9,178 | ▲ $1,227 |
| Accounts Receivable | $137 | $5,651 | ▲ $5,514 |
| Total Assets | $4,740,911 | $4,624,571 | ▼ $116,340 |
| Other Assets Total | $285,644 | $277,960 | ▼ $7,684 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $106,228 | $107,207 | ▲ $979 |
| Accounts Payable and Accrued Expenses | $30,689 | $27,278 | ▼ $3,411 |
| Other Liabilities | $14,018 | $14,842 | ▲ $824 |
| Deferred Revenue | - | $15 | - |
| Total Liabilities | $150,935 | $149,342 | ▼ $1,593 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $5,265,600 | $5,265,600 | → $0 |
| Net Assets Without Donor Restrictions | $-675,624 | $-790,371 | ▼ $114,747 |
| Total Net Assets Fund Balance | $4,589,976 | $4,475,229 | ▼ $114,747 |
| Total Liabilities and Net Assets / Fund Balance | $4,740,911 | $4,624,571 | ▼ $116,340 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $3,790,578 | $1,074,656 | $4,865,234 |
| Land | $508,275 | - | $508,275 |
| Other Land Buildings | $6,514 | $41,967 | $48,481 |
| Equipment | $4,889 | $5,456 | $10,345 |
| Other Assets Org | $43,445 | - | - |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Carl Hollister | President |
| Michael Pihakis | Vice President |
| Angela Magrames | Director |
| Ike Gulas | Director |
| Jim Gelis | Director |
| Jimmy Makris | Director |
| John Grossomanides | Director |
| John Zourzoukis | Director |
| Panos Niarchos | Director |
| Peter Nassos | Director |
| S Christy Karthan | Director |
| Angelo Kostarides | Secretary |
| Christ Coumanis | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $311,122
- Investment Income
- $71
- Other Revenue
- $402
- Change in Net Assets
- $-114,747
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $311,595
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $0
- Total Revenue per Audited Statements
- $311,595
- Total Revenue per Form 990
- $311,595
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $426,342 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Depreciation Depletion | $131,160 | - | - | $131,160 |
| Occupancy | $30,253 | - | - | $30,253 |
| Insurance | $29,376 | - | - | $29,376 |
| Fees for Services Management | - | $22,865 | - | $22,865 |
| All Other Expenses | $11,214 | - | - | $11,214 |
| Fees for Services Accounting | - | $9,574 | - | $9,574 |
| Other Expenses | $7,644 | - | - | $7,644 |
| Fees for Services Legal | $4,731 | - | - | $4,731 |
| Office Expenses | $3,669 | - | - | $3,669 |
| Information Technology | $3,139 | - | - | $3,139 |
| Interest | $982 | - | - | $982 |
| Conferences and Meetings | - | $771 | - | $771 |
| Advertising | $231 | - | - | $231 |
| Total Functional Expenses | $393,132 | $33,210 | $0 | $426,342 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $426,342 |
| Total Expenses per Audited Statements | $426,342 |
| Total Expenses per Form 990 | $426,342 |
| 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 Item | Amount |
|---|---|
| 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
| Liability | Amount |
|---|---|
| Deposits | $14,842 |
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
- 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 the board of directors of ahepa national housing corporation, the sponsoring organization, or nonmembers who have the approval of the said sponsoring organization. In the event that a director ceases to be a member of ahepa national housing corporation, or if the aforesaid 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 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 of the officers, directors, and employees listed in part vii, section a perform 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 their hours worked for related organizations both in terms of number of hours and type of work performed.”
Filing and Contact Details
Filer
- Filer Name
- Ahepa 53-iv Inc
- EIN
- 27-3127414
- Phone
- 3148499110
- Address
- 11120 TESSON FERRY ROAD, ST LOUIS, MO 63123
Signing Officer
- Name
- Carl Hollister
- Title
- President
- Phone
- 3148499110
- Signed
- 2022-03-08
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Carl Hollister
- Formed
- 2010
- Legal Domicile
- Mo
- 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
Form 990, Part XII, Line 2C
“The process has not changed from 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 notforprofit 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 december 31, 2020 and 2019. 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 december 31, 2020 and 2019.”
Raw XML AppendixShowing 400 of 1,081 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/Desc | 0 | PROVIDE HOUSING TO LOW INCOME INDIVIDUALS. |
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| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
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| IRS990/InterestGrp/TotalAmt | 0 | 982 |
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| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 1122079 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 4426941 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 4310256 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 5432335 |
| IRS990/LegalDomicileStateCd | 0 | MO |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 4589976 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 4475229 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | -675624 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | -790371 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 30253 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 30253 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 3669 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 3669 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 285644 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 277960 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | MANAGEMENT EXPENSE STAF |
| IRS990/OtherExpensesGrp/Desc | 1 | CONTRACT SERVICES |
| IRS990/OtherExpensesGrp/Desc | 2 | SERVICE COORDINATOR EXP |
| IRS990/OtherExpensesGrp/Desc | 3 | SUPPLIES |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 102506 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 39712 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 28515 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 7644 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 102506 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 39712 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 28515 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 7644 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 14018 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 14842 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 531110 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | OTHER INCOME |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 402 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 402 |
| IRS990/OtherRevenueTotalAmt | 0 | 402 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 20238 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 21526 |
| IRS990/PrincipalOfficerNm | 0 | CARL HOLLISTER |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 531110 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 531110 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | TENANT ASSISTANCE HUD |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | RENTAL INCOME |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 188220 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 122902 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 188220 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 122902 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 833 |
| IRS990/PYOtherExpensesAmt | 0 | 407563 |
| IRS990/PYOtherRevenueAmt | 0 | 9813 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 304345 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -92572 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 407563 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 314991 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -114747 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 311122 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | PART III, LINE 12 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 71 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 833 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 683 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 43 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 55 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 1685 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 311122 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 304345 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 271012 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 266328 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 260875 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 1413682 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 71 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 833 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 683 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 43 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 55 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 1685 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00120 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt | 0 | 402 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 9813 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 641 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 151 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1755 |
| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 12762 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.98990 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.99180 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 1413682 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 311122 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 304345 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 271012 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 266328 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 260875 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 1413682 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 311595 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 314991 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 272336 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 266522 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 262685 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 1428129 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 3790578 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 1074656 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 4865234 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 4889 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 5456 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 10345 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 426342 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 508275 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 508275 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 219595 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 14920 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 2 | 43445 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | RESERVES |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | TENANT SECURITY DEPOSIT |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 2 | ESCROW DEPOSIT |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 6514 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 41967 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 48481 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 14842 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DEPOSITS |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 311595 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | NO PROVISION OR BENEFIT FOR INCOME TAXES HAS BEEN INCLUDED IN THESE FINANCIAL STATEMENTS SINCE THE ORGANIZATION WAS ORGANIZED AS A NOTFORPROFIT 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 DECEMBER 31, 2020 AND 2019. 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 DECEMBER 31, 2020 AND 2019. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 4310256 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 277960 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 426342 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 14842 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 311595 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 311595 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 426342 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE DIRECTORS OF THE CORPORATION SHALL, AT ALL TIMES BE, LIMITED TO INDIVIDUALS WHO ARE EITHER MEMBERS OF THE BOARD OF DIRECTORS OF AHEPA NATIONAL HOUSING CORPORATION, THE SPONSORING ORGANIZATION, OR NONMEMBERS WHO HAVE THE APPROVAL OF THE SAID SPONSORING ORGANIZATION. IN THE EVENT THAT A DIRECTOR CEASES TO BE A MEMBER OF AHEPA NATIONAL HOUSING CORPORATION, OR IF THE AFORESAID APPROVAL IS WITHDRAWN, THEN IN EITHER EVENT, SUCH SHALL CONSTITUTE AUTOMATIC RESIGNATION AS A MEMBER AND DIRECTOR OF THE CORPORATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | REVIEW THE POLICY ON AN ANNUAL BASIS WITH THE BOARD OF DIRECTORS TO MAKE SURE THAT EVERYONE IS COMPLYING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | ALL OF THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A PERFORM 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 THEIR HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS AND TYPE OF WORK PERFORMED. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART XII, LINE 2C |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $4,624,571
- Liabilities
- $149,342
- Net assets
- $4,475,229
- Revenue
- $311,595
- Expenses
- $426,342
- Net income
- -$114,747