Civic Intelligence

Ahepa 89 Inc.

990 • Fiscal year 2022 • EIN 34-1467775

Jul 01, 2021 to Jun 30, 2022 • Filed on May 08, 2023

Organization ProfileN/A
44 Boardman BoulevardBoardman, OH 44512

(330) 629-8539

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

53rd percentile

0.08x

Higher debt load relative to assets than 53% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

71st percentile

0.27x

Higher debt load relative to revenue than 71% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

11th percentile

-29%

Higher net margin than 11% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

25th percentile

-6.9%

Faster asset growth than 25% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

45th percentile

2.8%

Faster revenue growth than 45% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Down

$2,238,263

Down $165,137 (-6.9%) from 2021

Net Assets

Down

$2,069,720

Down $179,439 (-8.0%) from 2021

Liabilities

Up

$168,543

Up $14,302 (+9.3%) from 2021

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin11th percentile

Revenue

Up

$615,712

Up $16,533 (+2.8%) from 2021

Expenses

Up

$795,151

Up $152,925 (+24%) from 2021

Net Income

Down

-$179,439

Down $136,392 (-317%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2012: $2,971,355Liabilities 2012: $80,235Net Assets 2012: $2,891,1202012Assets 2013: $2,927,689Liabilities 2013: $82,541Net Assets 2013: $2,845,1482013Assets 2014: $2,937,204Liabilities 2014: $165,107Net Assets 2014: $2,772,0972014Assets 2015: $2,792,686Liabilities 2015: $126,963Net Assets 2015: $2,665,7232015Assets 2016: $2,709,389Liabilities 2016: $132,995Net Assets 2016: $2,576,3942016Assets 2017: $2,669,740Liabilities 2017: $167,874Net Assets 2017: $2,501,8662017Assets 2018: $2,559,732Liabilities 2018: $143,995Net Assets 2018: $2,415,7372018Assets 2019: $2,496,241Liabilities 2019: $168,393Net Assets 2019: $2,327,8482019Assets 2020: $2,438,996Liabilities 2020: $146,790Net Assets 2020: $2,292,2062020Assets 2021: $2,403,400Liabilities 2021: $154,241Net Assets 2021: $2,249,1592021Assets 2022: $2,238,263Liabilities 2022: $168,543Net Assets 2022: $2,069,7202022Assets 2023: $2,187,299Liabilities 2023: $168,073Net Assets 2023: $2,019,2262023Assets 2024: $2,143,427Liabilities 2024: $107,443Net Assets 2024: $2,035,9842024

Highlighted filing

2022

Assets$2,238,263
Liabilities$168,543
Net Assets$2,069,720
Open 2022 Filing

Operations Trend

Revenue Growth45th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2012: $552,0802012Expenses 2013: $570,7132013Revenue 2014: $526,885Expenses 2014: $599,936Net Income 2014: -$73,0512014Revenue 2015: $538,187Expenses 2015: $644,561Net Income 2015: -$106,3742015Revenue 2016: $548,765Expenses 2016: $638,094Net Income 2016: -$89,3292016Revenue 2017: $548,329Expenses 2017: $622,857Net Income 2017: -$74,5282017Revenue 2018: $552,616Expenses 2018: $638,745Net Income 2018: -$86,1292018Revenue 2019: $552,561Expenses 2019: $640,450Net Income 2019: -$87,8892019Revenue 2020: $593,727Expenses 2020: $629,369Net Income 2020: -$35,6422020Revenue 2021: $599,179Expenses 2021: $642,226Net Income 2021: -$43,0472021Revenue 2022: $615,712Expenses 2022: $795,151Net Income 2022: -$179,4392022Revenue 2023: $621,805Expenses 2023: $672,299Net Income 2023: -$50,4942023Revenue 2024: $676,583Expenses 2024: $659,825Net Income 2024: $16,7582024

Highlighted filing

2022

Revenue$615,712
Expenses$795,151
Net Income-$179,439
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 8, 2023
Return Version
2021v4.2
Gross Receipts
$615,712
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$1,798,704$1,702,632▼ $96,072
Prepaid Expenses and Deferred Charges$19,353$20,688▲ $1,335
Accounts Receivable$7,058$10,537▲ $3,479
Cash and Non-Interest-Bearing Accounts$1,137$1,402▲ $265
Total Assets$2,403,400$2,238,263▼ $165,137
Other Assets Total$577,148$503,004▼ $74,144
Liabilities
Accounts Payable and Accrued Expenses$95,509$107,310▲ $11,801
Other Liabilities$56,090$52,029▼ $4,061
Deferred Revenue$2,642$9,204▲ $6,562
Total Liabilities$154,241$168,543▲ $14,302
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,249,159$2,069,720▼ $179,439
Total Net Assets Fund Balance$2,249,159$2,069,720▼ $179,439
Total Liabilities and Net Assets / Fund Balance$2,403,400$2,238,263▼ $165,137

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,446,175$2,512,796$3,958,971
Land$256,457-$256,457
Equipment$0$91,976$91,976
Other Land Buildings$0$57,347$57,347
Other Assets Org$9,732--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
John ManolukasPresident
Charles ToskasVice President
Carl HollisterDirector
Dan CverckoDirector
Harold YiannakiDirector
Nikitas KolidakisDirector
Pete AsimakpoulosDirector
Tasos KalantzisDirector
Jonathan ConradTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$612,498
Investment Income
$169
Other Revenue
$3,045
Change in Net Assets
$-179,439

Audited Revenue Reconciliation

Revenue per Audited Statements
$615,712
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$615,712
Total Revenue per Form 990
$615,712
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$795,151
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$117,042--$117,042
Depreciation Depletion$96,072--$96,072
Insurance$35,849--$35,849
Fees for Services Management-$30,996-$30,996
All Other Expenses$19,152--$19,152
Fees for Services Accounting-$9,654-$9,654
Other Expenses$8,202--$8,202
Office Expenses$5,575--$5,575
Information Technology$4,381--$4,381
Fees for Services Legal$3,693--$3,693
Conferences and Meetings-$1,975-$1,975
Travel$58--$58
Interest$6--$6
Total Functional Expenses$752,526$42,625$0$795,151

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$795,151
Total Expenses per Audited Statements$795,151
Total Expenses per Form 990$795,151
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit Liability$52,029
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 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.”

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 89 Inc
EIN
34-1467775
Phone
3306298539
Address
44 BOARDMAN BOULEVARD, BOARDMAN, OH 44512

Signing Officer

Name
John Manolukas
Title
President
Phone
3306298539
Signed
2023-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Manolukas
Formed
1985
Legal Domicile
Oh
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

Form 990 Part XII, Line 2C

“The process is consistent with prior years.”

Financial Statement Notes

PART X, LINE 2:

“No provision or benefit for income taxes has been included in these financial statements since the organization was organized as a not-for-profit corporation and has secured tax exempt status under section 501(c)(3) of the internal revenue code and did not have any unrelated business income for the years ended june 30, 2022 and 2021. The organization has determined that all income tax filing positions would be sustained upon examination and accordingly, the organization has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions pursuant to asc 740 income taxes as of june 30, 2022 and 2021.”

Raw XML AppendixShowing 400 of 456 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/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
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IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0394517
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1217981
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0394517
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1217981
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0239
IRS990/PYOtherExpensesAmt0642226
IRS990/PYOtherRevenueAmt0171
IRS990/PYProgramServiceRevenueAmt0598769
IRS990/PYRevenuesLessExpensesAmt0-43047
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0642226
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0599179
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-179439
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0612498
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/CurrentTaxYearAmt0169
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0239
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03722
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02947
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01155
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt08232
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0612498
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0598769
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0574196
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0547445
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0549023
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02881931
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0169
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0239
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03722
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02947
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01155
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt08232
IRS990ScheduleA/InvestmentIncomeCYPct00.00280
IRS990ScheduleA/InvestmentIncomePYPct00.00310
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt03045
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0171
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt015809
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02168
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02438
IRS990ScheduleA/OtherIncome509Grp/TotalAmt023631
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98910
IRS990ScheduleA/PublicSupportPY509Pct00.98880
IRS990ScheduleA/PublicSupportTotal509Amt02881931
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0612498
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0598769
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0574196
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0547445
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0549023
IRS990ScheduleA/Total509Grp/TotalAmt02881931
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0615712
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0599179
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0593727
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0552560
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0552616
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02913794
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01446175
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02512796
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03958971
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt091976
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt091976
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0795151
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0256457
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0256457
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0372889
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt122513
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt248408
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt349462
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt49732
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4PAINTING RESERVES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt057347
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt057347
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt052029
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0615712
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NO PROVISION OR BENEFIT FOR INCOME TAXES HAS BEEN INCLUDED IN THESE FINANCIAL STATEMENTS SINCE THE ORGANIZATION WAS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION AND HAS SECURED TAX EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2022 AND 2021. THE ORGANIZATION HAS DETERMINED THAT ALL INCOME TAX FILING POSITIONS WOULD BE SUSTAINED UPON EXAMINATION AND ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS PURSUANT TO ASC 740 INCOME TAXES AS OF JUNE 30, 2022 AND 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01702632
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0503004
IRS990ScheduleD/TotalExpensesPerForm990Amt0795151
IRS990ScheduleD/TotalLiabilityAmt052029
IRS990ScheduleD/TotalRevenuePerForm990Amt0615712
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0615712
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0795151
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/ExplanationTxt1THE 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/ExplanationTxt2REVIEW THE POLICY ON AN ANNUAL BASIS WITH THE BOARD OF DIRECTORS TO MAKE SURE THAT EVERYONE IS COMPLYING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL 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/ExplanationTxt5THE PROCESS IS CONSISTENT WITH PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART VII, SECTION A, LINE 1A, COLUMN B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02403400
IRS990/TotalAssetsEOYAmt02238263
IRS990/TotalAssetsGrp/BOYAmt02403400
IRS990/TotalAssetsGrp/EOYAmt02238263
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt042625
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0752526
IRS990/TotalFunctionalExpensesGrp/TotalAmt0795151
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0154241
IRS990/TotalLiabilitiesEOYAmt0168543
IRS990/TotalLiabilitiesGrp/BOYAmt0154241
IRS990/TotalLiabilitiesGrp/EOYAmt0168543
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02249159
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02069720
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0752526
IRS990/TotalProgramServiceRevenueAmt0612498

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,238,263
Liabilities
$168,543
Net assets
$2,069,720
Revenue
$615,712
Expenses
$795,151
Net income
-$179,439
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.14$0.11$2.04$0.68$0.66$0.02
2023Detailed filing. Detailed filing data is available for this year.$2.19$0.17$2.02$0.62$0.67$0.05
2022Detailed filing. Detailed filing data is available for this year.$2.24$0.17$2.07$0.62$0.80$0.18
2021Detailed filing. Detailed filing data is available for this year.$2.40$0.15$2.25$0.60$0.64$0.04
2020Detailed filing. Detailed filing data is available for this year.$2.44$0.15$2.29$0.59$0.63$0.04
2019Detailed filing. Detailed filing data is available for this year.$2.50$0.17$2.33$0.55$0.64$0.09
2018Detailed filing. Detailed filing data is available for this year.$2.56$0.14$2.42$0.55$0.64$0.09
2017Detailed filing. Detailed filing data is available for this year.$2.67$0.17$2.50$0.55$0.62$0.07
2016Detailed filing. Detailed filing data is available for this year.$2.71$0.13$2.58$0.55$0.64$0.09
2015Detailed filing. Detailed filing data is available for this year.$2.79$0.13$2.67$0.54$0.64$0.11
2014Detailed filing. Detailed filing data is available for this year.$2.94$0.17$2.77$0.53$0.60$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.93$0.08$2.85$0.57
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.97$0.08$2.89$0.55