Civic Intelligence

Ahepa 127 Inc

EIN 31-1760703 • 501(c)3 • Milford, OH

Profile

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

14 Easley DriveMilford, OH 45150

n/A

Siviq Scores

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

Liabilities / Assets

44th percentile

0.04x

Higher debt load relative to assets than 44% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

61st percentile

0.14x

Higher debt load relative to revenue than 61% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

23rd percentile

-9.1%

Higher net margin than 23% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

25th percentile

-4.6%

Faster asset growth than 25% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

45th percentile

4.6%

Faster revenue growth than 45% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$2,001,380

Down $60,642 (-2.9%) from 2023

Liabilities

Up

$118,086

Up $22,961 (+24%) from 2023

Net Assets

Down

$1,883,294

Down $83,603 (-4.3%) from 2023

Revenue

Up

$483,312

Up $11,943 (+2.5%) from 2023

Expenses

Up

$566,915

Up $49,172 (+9.5%) from 2023

Net Income

Down

-$83,603

Down $37,229 (-80%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2012: $2,732,532Liabilities 2012: $235,663Net Assets 2012: $2,496,8692012Assets 2013: $2,576,605Liabilities 2013: $150,847Net Assets 2013: $2,425,7582013Assets 2014: $2,526,040Liabilities 2014: $169,811Net Assets 2014: $2,356,2292014Assets 2015: $2,452,791Liabilities 2015: $99,078Net Assets 2015: $2,353,7132015Assets 2016: $2,396,672Liabilities 2016: $104,941Net Assets 2016: $2,291,7312016Assets 2017: $2,355,746Liabilities 2017: $73,658Net Assets 2017: $2,282,0882017Assets 2018: $2,323,010Liabilities 2018: $81,888Net Assets 2018: $2,241,1222018Assets 2019: $2,269,720Liabilities 2019: $75,077Net Assets 2019: $2,194,6432019Assets 2020: $2,220,249Liabilities 2020: $72,510Net Assets 2020: $2,147,7392020Assets 2021: $2,143,562Liabilities 2021: $76,511Net Assets 2021: $2,067,0512021Assets 2022: $2,102,909Liabilities 2022: $89,638Net Assets 2022: $2,013,2712022Assets 2023: $2,062,022Liabilities 2023: $95,125Net Assets 2023: $1,966,8972023Assets 2024: $2,001,380Liabilities 2024: $118,086Net Assets 2024: $1,883,2942024

Highlighted filing

2024

Assets$2,001,380
Liabilities$118,086
Net Assets$1,883,294

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2012: $432,5892012Expenses 2013: $476,4952013Revenue 2014: $416,698Expenses 2014: $486,227Net Income 2014: -$69,5292014Revenue 2015: $445,443Expenses 2015: $447,959Net Income 2015: -$2,5162015Revenue 2016: $427,017Expenses 2016: $488,999Net Income 2016: -$61,9822016Revenue 2017: $427,737Expenses 2017: $437,380Net Income 2017: -$9,6432017Revenue 2018: $429,104Expenses 2018: $470,070Net Income 2018: -$40,9662018Revenue 2019: $432,226Expenses 2019: $478,705Net Income 2019: -$46,4792019Revenue 2020: $443,021Expenses 2020: $489,925Net Income 2020: -$46,9042020Revenue 2021: $447,002Expenses 2021: $527,690Net Income 2021: -$80,6882021Revenue 2022: $469,594Expenses 2022: $523,374Net Income 2022: -$53,7802022Revenue 2023: $471,369Expenses 2023: $517,743Net Income 2023: -$46,3742023Revenue 2024: $483,312Expenses 2024: $566,915Net Income 2024: -$83,6032024

Highlighted filing

2024

Revenue$483,312
Expenses$566,915
Net Income-$83,603

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 24, 2025
Return Version
2023v6.0
Gross Receipts
$483,312
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,882,437$1,818,571▼ $63,866
Prepaid Expenses and Deferred Charges$24,668$30,234▲ $5,566
Accounts Receivable-$657-
Cash and Non-Interest-Bearing Accounts$136--
Total Assets$2,062,022$2,001,380▼ $60,642
Other Assets Total$154,781$151,918▼ $2,863
Liabilities
Accounts Payable and Accrued Expenses$70,229$93,173▲ $22,944
Other Liabilities$18,779$18,996▲ $217
Deferred Revenue$6,117$5,917▼ $200
Total Liabilities$95,125$118,086▲ $22,961
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,966,897$1,883,294▼ $83,603
Total Net Assets Fund Balance$1,966,897$1,883,294▼ $83,603
Total Liabilities and Net Assets / Fund Balance$2,062,022$2,001,380▼ $60,642

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,527,384$1,658,371$3,185,755
Land$230,000-$230,000
Equipment$61,187$94,562$155,749
Other Assets Org$43,714--
Compensation and Service Providers

Board Members and Trustees

NameTitle
James GelisPresident
Nicholas SarakatsannisVice President
Andrew StefanopoulosDirector
Angelo KostaridesDirector
Charrie RegopoulosDirector
George KarampasDirector
Peter KambelosDirector
George PavlakisAssistant Treasurer
Helen KyriosSecretary
Steve BottomleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$477,749
Investment Income
$4,347
Other Revenue
$1,216
Change in Net Assets
$-83,603

Audited Revenue Reconciliation

Revenue per Audited Statements
$483,312
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$483,312
Total Revenue per Form 990
$483,312
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$566,915
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$104,067--$104,067
Depreciation Depletion$87,621--$87,621
Fees for Services Management-$43,104-$43,104
Insurance$35,911--$35,911
All Other Expenses$27,002--$27,002
Other Expenses$12,537--$12,537
Office Expenses$10,678--$10,678
Fees for Services Accounting-$9,180-$9,180
Information Technology$7,037--$7,037
Advertising$4,384--$4,384
Conferences and Meetings-$371-$371
Fees for Services Legal$200--$200
Total Functional Expenses$514,260$52,655$0$566,915

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$566,915
Total Expenses per Audited Statements$566,915
Total Expenses per Form 990$566,915
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$18,996
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 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 127 Inc
EIN
31-1760703
Phone
5135751820
Address
14 EASLEY DRIVE, MILFORD, OH 45150

Signing Officer

Name
James Gelis
Title
President
Phone
5135751820
Signed
2025-04-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Gelis
Formed
2000
Legal Domicile
Oh
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

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 1,061 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/OtherExpensesGrp/ProgramServicesAmt231127
IRS990/OtherExpensesGrp/ProgramServicesAmt312537
IRS990/OtherExpensesGrp/TotalAmt0152250
IRS990/OtherExpensesGrp/TotalAmt141446
IRS990/OtherExpensesGrp/TotalAmt231127
IRS990/OtherExpensesGrp/TotalAmt312537
IRS990/OtherLiabilitiesGrp/BOYAmt018779
IRS990/OtherLiabilitiesGrp/EOYAmt018996
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt01216
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01216
IRS990/OtherRevenueTotalAmt01216
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt024668
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt030234
IRS990/PrincipalOfficerNm0JAMES GELIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE HUD
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0251801
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1225948
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0251801
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1225948
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0507
IRS990/PYOtherExpensesAmt0517743
IRS990/PYOtherRevenueAmt01623
IRS990/PYProgramServiceRevenueAmt0469239
IRS990/PYRevenuesLessExpensesAmt0-46374
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0517743
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0471369
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-83603
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0477749
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/FormAndLineReferenceDesc0FROM 990, SCHEDULE A, PART III, LINE 12
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04347
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0507
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt016
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt051
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0795
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05716
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0477749
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0469239
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0467816
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0445708
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0431340
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02291852
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04347
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0507
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt016
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt051
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0795
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05716
IRS990ScheduleA/InvestmentIncomeCYPct00.00250
IRS990ScheduleA/InvestmentIncomePYPct00.00090
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01216
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01623
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01762
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01243
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt010886
IRS990ScheduleA/OtherIncome509Grp/TotalAmt016730
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99030
IRS990ScheduleA/PublicSupportPY509Pct00.99140
IRS990ScheduleA/PublicSupportTotal509Amt02291852
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0477749
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0469239
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0467816
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0445708
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0431340
IRS990ScheduleA/Total509Grp/TotalAmt02291852
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0483312
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0471369
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0469594
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0447002
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0443021
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02314298
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01527384
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01658371
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03185755
IRS990ScheduleD/EquipmentGrp/BookValueAmt061187
IRS990ScheduleD/EquipmentGrp/DepreciationAmt094562
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0155749
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0566915
IRS990ScheduleD/LandGrp/BookValueAmt0230000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0230000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt084460
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12083
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt221661
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt343714
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE HUD
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PAINTING RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ESCROW DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018996
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0483312
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01818571
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0151918
IRS990ScheduleD/TotalExpensesPerForm990Amt0566915
IRS990ScheduleD/TotalLiabilityAmt018996
IRS990ScheduleD/TotalRevenuePerForm990Amt0483312
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0483312
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0566915
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/ExplanationTxt1THE DIRECTORS OF THE CORPORATION SHALL, AT ALL TIMES BE, LIMITED TO INDIVIDUALS WHO ARE EITHER MEMBERS OF AHEPA NATIONAL HOUSING CORPORATION, THE SPONSORING ORGANIZATION, OR NONMEMBERS WHO HAVE THE APPROVAL OF THE BOARD OF DIRECTORS OF THE SAID SPONSORING ORGANIZATION. IF A DIRECTOR CEASES TO BE A MEMBER OF AHEPA NATIONAL HOUSING CORPORATION OR IF THE AFOREMENTIONED APPROVAL IS WITHDRAWN, THEN IN EITHER EVENT, SUCH SHALL CONSTITUTE AUTOMATIC RESIGNATION AS A MEMBER AND DIRECTOR OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2VACANCIES ON THE BOARD OF DIRECTORS SHALL BE FILLED UPON APPROVAL OF AHEPA NATIONAL HOUSING 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/ExplanationTxt5REVIEW THE POLICY ON AN ANNUAL BASIS WITH THE BOARD OF DIRECTORS TO MAKE SURE THAT EVERYONE IS COMPLYING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ALL 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/ExplanationTxt8THE PROCESS IS CONSISTENT WITH PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
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 B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 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

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