Ahepa 232 III Inc

EIN 33-1039034 • 501(c)3 • Indianapolis, IN

Profile

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

5685 Eden Village DriveIndianapolis, IN 46254

n/A

Siviq Scores

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

0.02x

Higher debt load relative to assets than 38% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2021

0.11x

Higher debt load relative to revenue than 55% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2021

-5.0%

Higher net margin than 29% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2021

Higher top officer pay than 63% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2019

-0.3%

Faster asset growth than 37% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

-2.3%

Faster revenue growth than 31% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet

Liabilities / Assets38th percentile

Assets

$2,512,547

Up $44,310 (+1.8%) from 2023

Liabilities

$76,419

Up $27,729 (+57%) from 2023

Net Assets

$2,436,128

Up $16,581 (+0.7%) from 2023

Operations

Liabilities / Revenue55th percentile Net Margin29th percentile

Revenue

$637,527

Up $68,316 (+12%) from 2023

Expenses

$620,946

Up $29,832 (+5.0%) from 2023

Net Income

$16,581

Up $38,484 (+176%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth37th percentile

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

Highlighted filing

2024

Assets$2,512,547

Liabilities$76,419

Net Assets$2,436,128

Open 2024 Filing

Operations Trend

Revenue Growth31st percentile

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

Highlighted filing

2024

Revenue$637,527

Expenses$620,946

Net Income$16,581

Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $2,512,547
Liabilities: $76,419
Net assets: $2,436,128
Revenue: $637,527
Expenses: $620,946
Net income: $16,581

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$2.51	$0.08	$2.44	$0.64	$0.62	$0.02
2023Detailed filing. Detailed filing data is available for this year.	$2.47	$0.05	$2.42	$0.57	$0.59	$0.02
2022Detailed filing. Detailed filing data is available for this year.	$2.49	$0.05	$2.44	$0.53	$0.57	$0.03
2021Detailed filing. Detailed filing data is available for this year.	$2.53	$0.05	$2.48	$0.51	$0.53	$0.03
2020Detailed filing. Detailed filing data is available for this year.	$2.54	$0.04	$2.50	$0.52	$0.52	$0.00
2019Detailed filing. Detailed filing data is available for this year.	$2.61	$0.11	$2.50	$0.47	$0.50	$0.03
2018Detailed filing. Detailed filing data is available for this year.	$2.67	$0.13	$2.53	$0.39	$0.47	$0.08
2017Detailed filing. Detailed filing data is available for this year.	$2.67	$0.05	$2.61	$0.39	$0.46	$0.07
2016Detailed filing. Detailed filing data is available for this year.	$2.72	$0.04	$2.68	$0.39	$0.46	$0.07
2015Detailed filing. Detailed filing data is available for this year.	$2.80	$0.05	$2.75	$0.38	$0.45	$0.07
2014Detailed filing. Detailed filing data is available for this year.	$2.89	$0.06	$2.83	$0.35	$0.45	$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.	$2.99	$0.06	$2.93		$0.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$3.07	$0.05	$3.02		$0.43

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: $637,527

Mission and Program Overview

Mission

Ahepa 232 iii, inc. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of indiana. The corporation was organized to construct, own and operate a 50-unit apartment community in indianapolis, indiana, known as ahepa 232 phase iii apartments, pursuant to section 202 of the national affordable housing act, as amended. The sponsor of the corporation is ahepa national housing corporation.

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	$2,067,277	$1,987,145	▼ $80,132
Accounts Receivable	$6,120	$68,701	▲ $62,581
Prepaid Expenses and Deferred Charges	$26,471	$31,694	▲ $5,223
Cash and Non-Interest-Bearing Accounts	$2,143	-	-
Total Assets	$2,468,237	$2,512,547	▲ $44,310
Other Assets Total	$366,226	$425,007	▲ $58,781
Liabilities
Accounts Payable and Accrued Expenses	$30,973	$59,548	▲ $28,575
Other Liabilities	$14,615	$14,406	▼ $209
Deferred Revenue	$3,102	$2,465	▼ $637
Total Liabilities	$48,690	$76,419	▲ $27,729
Net Assets / Fund Balance
Net Assets Without Donor Restrictions	$2,419,547	$2,436,128	▲ $16,581
Total Net Assets Fund Balance	$2,419,547	$2,436,128	▲ $16,581
Total Liabilities and Net Assets / Fund Balance	$2,468,237	$2,512,547	▲ $44,310

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$1,638,058	$1,543,595	$3,181,653
Land	$325,000	-	$325,000
Equipment	$23,679	$122,522	$146,201
Other Land Buildings	$408	$36,530	$36,938
Other Assets Org	$130,903	-	-

Compensation and Service Providers

Top Officer Pay63rd percentile

Board Members and Trustees

Name	Title
Angelo Kostarides	President
Angelo Zarvas	Vice President
Angela Magrames	Director
Ilias Sotos	Director
Irene Sarris	Director
Nick Spirrison	Director
Panos Niarchos	Director
Andrew Spirrison	Secretary
Irene Doney	Treasurer

Revenue and Support

Revenue Composition

Contributions and Grants: $0
Program Service Revenue: $626,876
Investment Income: $10,651
Other Revenue: $0
Change in Net Assets: $16,581

Audited Revenue Reconciliation

Revenue per Audited Statements: $637,527
Revenue Not Reported on Financial Statements: $0
Revenue Not Reported on Form 990: $0
Total Revenue per Audited Statements: $637,527
Total Revenue per Form 990: $637,527

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$620,946
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	$90,592	-	-	$90,592
Fees for Services Management	-	$70,105	-	$70,105
Occupancy	$49,139	-	-	$49,139
Insurance	$40,027	-	-	$40,027
All Other Expenses	$25,184	-	-	$25,184
Office Expenses	$23,780	-	-	$23,780
Other Expenses	$17,918	-	-	$17,918
Fees for Services Accounting	-	$9,225	-	$9,225
Information Technology	$8,424	-	-	$8,424
Travel	$1,202	-	-	$1,202
Conferences and Meetings	-	$371	-	$371
Fees for Services Legal	$250	-	-	$250
Total Functional Expenses	$541,245	$79,701	$0	$620,946

Audited Expense Reconciliation

Line Item	Amount
Expenses per Audited Statements	$620,946
Total Expenses per Audited Statements	$620,946
Total Expenses per Form 990	$620,946
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

Related Organizations and Partnerships

Related Tax-Exempt Organizations

Organization	Location	Activity	Code	Public Charity	Controlled
Ahepa 100 Inc	South Bend, IN	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 110 Inc	Norwich, CT	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 110-ii Inc	Norwich, CT	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 110-iii Inc	Norwich, CT	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 113 Inc	Beavercreek, OH	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 118 Inc	Toledo, OH	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 127 Inc	Milford, OH	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 127-ii Inc	Mt Healthy, OH	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 156 Inc	Canonsburg, PA	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 192-iii Inc	Ankeny, IA	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 232 Inc	Indianapolis, IN	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 232 Phase Ii Inc	Indianapolis, IN	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 232 Phase Iii Inc	Indianapolis, IN	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 242 Inc	Greenville, SC	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 245-ii Inc	Newport, RI	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 250 Inc	Niantic, CT	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 250-ii Inc	Waterford, CT	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 250-iii Inc	Groton, CT	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 250-iv Inc	Niantic, CT	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 250-v Inc	Niantic, CT	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 29 Phase Iv Inc	Houston, TX	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 296 Inc	Pensacola, FL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 302 Inc	Fishers, IN	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 310 of Citronelle Inc	Mobile, AL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 310-iv Inc	Mobile, AL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 310-ix Inc	Mobile, AL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 310-viii Inc	Mobile, AL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 310-x Inc	Mobile, AL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 310-xi Inc	Mobile, AL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 310-xii Inc	Mobile, AL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 35 Inc	Nashua, NH	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 39 Inc	Haverhill, MA	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 410 Inc	Daytona Beach, FL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 501 Inc	Albuquerque, NM	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 501-iii Inc	Albuquerque, NM	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 53-iii Inc	St Louis, MO	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 53-iv Inc	St Louis, MO	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 60 Inc	Allentown, PA	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 78 Phase Iv Inc	Merrillville, IN	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 78 Phase V Inc	Merrillville, IN	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 78 Phase Vi Inc	Merrillville, IN	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa National Housing Corporation	Fishers, IN	Sponsoring and Granting Various Hud Developments for Elderly/handicapped	501(c)(3)	Line 12b, Ii	No
Ahepa No 23--phase Ii Inc	Montgomery, AL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa One Inc	Decatur, GA	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa-penelope 38 Apartments Inc	Ankeny, IA	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepadop 54 Inc	Houston, TX	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepadop 54 Phase Ii Inc	Fishers, IN	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepadop 60 Inc	Mishawaka, IN	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepapenelope 120 Inc	Peabody, MA	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepapenelope 35 Ii Inc	Bloomington, MN	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepapenelope 35 Inc	Edina, MN	Affordable Low-income Housing	501(c)(3)	Line 10	No

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Security Deposit Liability	$14,406

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

“The following board members have a family relationship: andrew spirrison and nick spirrison”

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 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 232 Iii Inc
EIN: 33-1039034
Phone: 3178447480
Address: 5685 EDEN VILLAGE DRIVE, INDIANAPOLIS, IN 46254

Signing Officer

Name: Angelo Kostarides
Title: President
Phone: 3178447480
Signed: 2025-03-30
Discuss with paid preparer: Yes

Organization Details

Principal Officer: Angelo Kostarides
Formed: 2002
Legal Domicile: In
Voting Board Members: 9
Independent Board Members: 9
Employees: 0
Volunteers: 9

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, Line 2C

“The process is consistent with prior years.”

Raw XML AppendixShowing 400 of 1,078 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/PersonNm	1	ANGELO ZARVAS
IRS990/Form990PartVIISectionAGrp/PersonNm	2	ANDREW SPIRRISON
IRS990/Form990PartVIISectionAGrp/PersonNm	3	IRENE DONEY
IRS990/Form990PartVIISectionAGrp/PersonNm	4	IRENE SARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm	5	ILIAS SOTOS
IRS990/Form990PartVIISectionAGrp/PersonNm	6	NICK SPIRRISON
IRS990/Form990PartVIISectionAGrp/PersonNm	7	ANGELA MAGRAMES
IRS990/Form990PartVIISectionAGrp/PersonNm	8	PANOS NIARCHOS
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	7	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	8	0
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	8	0
IRS990/Form990PartVIISectionAGrp/TitleTxt	0	PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt	1	VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt	2	SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt	3	TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt	4	DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt	5	DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt	6	DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt	7	DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt	8	DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd	0	1
IRS990/FormationYr	0	2002
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IRS990/GrantsToOrganizationsInd	0	0
IRS990/GrantToRelatedPersonInd	0	0
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IRS990/IncludeFIN48FootnoteInd	0	0
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IRS990/IndependentVotingMemberCnt	0	9
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IRS990/IndoorTanningServicesInd	0	0
IRS990/InfoInScheduleOPartVIIInd	0	X
IRS990/InfoInScheduleOPartVIInd	0	X
IRS990/InfoInScheduleOPartXIIInd	0	X
IRS990/InformationTechnologyGrp/ProgramServicesAmt	0	8424
IRS990/InformationTechnologyGrp/TotalAmt	0	8424
IRS990/InsuranceGrp/ProgramServicesAmt	0	40027
IRS990/InsuranceGrp/TotalAmt	0	40027
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt	0	1987145
IRS990/LandBldgEquipCostOrOtherBssAmt	0	3689792
IRS990/LegalDomicileStateCd	0	IN
IRS990/LoanOutstandingInd	0	0
IRS990/LobbyingActivitiesInd	0	0
IRS990/LocalChaptersInd	0	0
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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.
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IRS990/OperateHospitalInd	0	0
IRS990/Organization501c3Ind	0	X
IRS990/OrganizationFollowsFASB117Ind	0	X
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IRS990/OtherAssetsTotalGrp/EOYAmt	0	425007
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IRS990/OtherExpensesGrp/Desc	2	CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc	3	REPAIRS & MAINTENANCE
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IRS990/OtherExpensesGrp/ProgramServicesAmt	1	81000
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IRS990/OtherExpensesGrp/ProgramServicesAmt	3	17918
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IRS990/PrincipalOfficerNm	0	ANGELO KOSTARIDES
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IRS990/ProgramServiceRevenueGrp/BusinessCd	1	531110
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IRS990/PYBenefitsPaidToMembersAmt	0	0
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IRS990/PYTotalRevenueAmt	0	569211
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd	0	0
IRS990/ReconcilationRevenueExpnssAmt	0	16581
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	626876
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt	0	10651
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	21
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	62
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	716
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	13152
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	626876
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt	0	563488
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	530841
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt	0	506773
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt	0	516686
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	2744664
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt	0	10651
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt	0	1702
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt	0	21
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt	0	62
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt	0	716
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	13152
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00470
IRS990ScheduleA/InvestmentIncomePYPct	0	0.00110
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	3441
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	2646
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	4311
IRS990ScheduleA/OtherIncome509Grp/TotalAmt	0	14419
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	0.99010
IRS990ScheduleA/PublicSupportPY509Pct	0	0.98960
IRS990ScheduleA/PublicSupportTotal509Amt	0	2744664
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt	0	0
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	626876
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	563488
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	530841
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	506773
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	516686
IRS990ScheduleA/Total509Grp/TotalAmt	0	2744664
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	637527
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	569211
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	534303
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	509481
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	521713
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	2772235
IRS990/ScheduleBRequiredInd	0	0
IRS990ScheduleD/BuildingsGrp/BookValueAmt	0	1638058
IRS990ScheduleD/BuildingsGrp/DepreciationAmt	0	1543595
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt	0	3181653
IRS990ScheduleD/EquipmentGrp/BookValueAmt	0	23679
IRS990ScheduleD/EquipmentGrp/DepreciationAmt	0	122522
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt	0	146201
IRS990ScheduleD/ExpensesNotReportedAmt	0	0
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt	0	0
IRS990ScheduleD/ExpensesSubtotalAmt	0	620946
IRS990ScheduleD/LandGrp/BookValueAmt	0	325000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt	0	325000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	0	278669
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	1	15435
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	2	130903
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	0	REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	1	TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	2	ESCROW DEPOSIT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt	0	408
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt	0	36530
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt	0	36938
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	0	14406
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	0	SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt	0	0
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt	0	0
IRS990ScheduleD/RevenueSubtotalAmt	0	637527
IRS990ScheduleD/TotalBookValueLandBuildingsAmt	0	1987145
IRS990ScheduleD/TotalBookValueOtherAssetsAmt	0	425007
IRS990ScheduleD/TotalExpensesPerForm990Amt	0	620946
IRS990ScheduleD/TotalLiabilityAmt	0	14406
IRS990ScheduleD/TotalRevenuePerForm990Amt	0	637527
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt	0	637527
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt	0	620946
IRS990/ScheduleJRequiredInd	0	0
IRS990/ScheduleORequiredInd	0	1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	THE FOLLOWING BOARD MEMBERS HAVE A FAMILY RELATIONSHIP: ANDREW SPIRRISON AND NICK SPIRRISON
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	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	4	THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	5	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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	6	THE PROCESS IS CONSISTENT WITH PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	4	FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	5	PART VII, SECTION A, LINE 1A, COLUMN B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	6	PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd	0	0
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd	0	0
IRS990ScheduleR/AssetSaleToOtherOrgInd	0	0
IRS990ScheduleR/DivRelatedOrganizationInd	0	0
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd	0	0
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd	0	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	0	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	1	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	2	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	3	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	4	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	5	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	6	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	7	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	8	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	9	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	10	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	11	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	12	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	13	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	14	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	15	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	16	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	17	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	18	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	19	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	20	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	21	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	22	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	23	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	24	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	25	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	26	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	27	0
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd	28	0

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