Ahepa 232 Inc.

990 • Fiscal year 2014 • EIN 35-1552643

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 04, 2014

Organization Profile N/A

7355 Shadeland Station Way46256

(317) 849-5591

Siviq Scores

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

1.29x

Higher debt load relative to assets than 95% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

2.15x

Higher debt load relative to revenue than 90% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

5.9%

Higher net margin than 59% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

-1.6%

Faster asset growth than 34% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet

Liabilities / Assets95th percentile

Assets

Down

$1,077,019

Down $17,161 (-1.6%) from 2013

Net Assets

-$315,431

Up $38,338 (+11%) from 2013

Liabilities

Down

$1,392,450

Down $55,499 (-3.8%) from 2013

Revenue And Expenses

Liabilities / Revenue90th percentile Net Margin59th percentile

Revenue

$647,637

No earlier filing loaded for comparison.

Expenses

$609,299

Up $51,306 (+9.2%) from 2013

Net Income

$38,338

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

Highlighted filing

2014

Assets$1,077,019

Liabilities$1,392,450

Net Assets-$315,431

Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

Highlighted filing

2014

Revenue$647,637

Expenses$609,299

Net Income$38,338

Open 2014 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2013 to Jun 30, 2014
Signed: Nov 4, 2014
Return Version: 2013v3.0
Gross Receipts: $647,637

Mission and Program Overview

Mission

Ahepa 232, 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 own and operate a 72-unit apartment community in indianapolis, indiana, known as ahepa 232 apartments, pursuant to section 202 of the national affordable housing act, as amended. The sponsor of the corporation is ahepa national housing corporation.

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$819,376	$754,931	▼ $64,445
Investments Program Related	$227,115	$212,889	▼ $14,226
Cash and Non-Interest-Bearing Accounts	$3,372	$37,715	▲ $34,343
Prepaid Expenses and Deferred Charges	$15,263	$16,392	▲ $1,129
Accounts Receivable	$6,329	$1,311	▼ $5,018
Total Assets	$1,094,180	$1,077,019	▼ $17,161
Other Assets Total	$22,725	$53,781	▲ $31,056
Liabilities
Mortgage Notes Payable Secured by Investment Property	$1,253,049	$1,163,134	▼ $89,915
Accounts Payable and Accrued Expenses	$171,185	$172,574	▲ $1,389
Other Liabilities	$23,715	$56,742	▲ $33,027
Total Liabilities	$1,447,949	$1,392,450	▼ $55,499
Net Assets / Fund Balance
Unrestricted Net Assets	$-353,769	$-315,431	▲ $38,338
Total Net Assets Fund Balance	$-353,769	$-315,431	▲ $38,338
Total Liabilities and Net Assets / Fund Balance	$1,094,180	$1,077,019	▼ $17,161

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$495,309	$1,353,145	$1,848,454
Equipment	$52,134	$316,181	$368,315
Leasehold Improvements	$51,400	$214,855	$266,255
Land	$156,088	-	$156,088
Investment Program Related Org	$2,999	-	-

Compensation and Service Providers

Top Officer Pay34th percentile

Board Members and Trustees

Name	Title
Angelo Kostarides	President
Angelo Zarvas	Vice President
Angela Magrames	Director
George Karampas	Director
Ilias Sotos	Director
Irene Sarris	Director
Andrew Spirrison	Former Secretary
Nick Spirrison	Secretary
Aristotle Nicolaides	Treasurer

Revenue and Support

Revenue Composition

Contributions and Grants: $459,623
Program Service Revenue: $184,358
Investment Income: $279
Other Revenue: $3,377
Change in Net Assets: $38,338

Audited Revenue Reconciliation

Revenue per Audited Statements: $647,637
Revenue Not Reported on Financial Statements: $0
Revenue Not Reported on Form 990: $0
Total Revenue per Audited Statements: $647,637
Total Revenue per Form 990: $647,637

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$609,299
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
Occupancy	$339,249	-	-	$339,249
Depreciation Depletion	$66,755	-	-	$66,755
Fees for Services Management	-	$45,307	-	$45,307
Other Expenses	$32,886	-	-	$32,886
Fees for Services Accounting	-	$9,663	-	$9,663
Office Expenses	-	$9,083	-	$9,083
Information Technology	-	$6,648	-	$6,648
Conferences and Meetings	-	$2,968	-	$2,968
Advertising	-	$1,351	-	$1,351
Travel	-	$1,004	-	$1,004
Fees for Services Legal	-	$477	-	$477
Insurance	-	$309	-	$309
Total Functional Expenses	$532,489	$76,810	$0	$609,299

Audited Expense Reconciliation

Line Item	Amount
Expenses per Audited Statements	$609,299
Total Expenses per Audited Statements	$609,299
Total Expenses per Form 990	$609,299
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
58-2170955	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
06-1783644	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
72-1397412	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
65-0444455	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
63-0877902	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
63-1140959	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
63-1262817	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
76-0402131	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
76-0492575	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
76-0580172	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
20-2099590	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
20-4271422	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
36-4304808	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
26-1587755	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
22-2989708	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
42-1417593	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
22-3210357	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
43-1224060	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
43-1455622	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
26-1531552	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
27-3127414	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
20-4874218	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
27-3543590	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
06-1084245	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
34-1964795	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
23-3087877	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
27-3219515	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
26-1866424	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
22-3112741	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
16-1565446	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
35-1634086	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
35-1916082	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
35-1978023	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
35-2104146	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
73-1694582	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
32-0192583	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
34-1467775	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
35-2157104	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
06-1160495	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
22-3433990	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
75-3030804	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
31-1539595	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
30-0054200	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
04-3401165	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
31-1760703	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
30-0141823	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
39-2068442	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
25-1856119	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
42-1329782	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
42-1487324	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
27-0084978	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
35-1635762	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
33-1039034	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
20-3265536	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
22-2778822	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
22-3348871	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
22-2855925	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
22-3265024	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
06-1422444	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
20-4556679	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
26-4231174	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
56-2031674	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
56-2133469	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
14-1993928	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
35-2317285	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
75-3149099	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
56-2523021	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
63-0955243	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
57-0886811	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
63-1039178	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
63-1080112	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
91-1955630	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
63-1194202	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
63-1262819	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
43-1962855	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
36-4528066	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
90-0343256	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
80-0360315	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
35-2390578	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
04-3708201	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
38-2742386	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
38-3554484	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
56-1961732	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
59-3699587	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
59-2842462	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
59-3760329	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
85-0439854	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
85-0458871	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
30-0241540	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
52-1295844	-	Sponsoring and Granting Various Hud Developments for Elderly/handicapped	501(c)(3)	Line 9	No
35-1867058	-	Management & Operation of Affordable Housing	501(c)(3)	Line 9	No

Related Partnerships and Joint Ventures

Organization	Location	Activity	Income	Assets	Ownership	Managing Partner
27-3561603	-	Affordable Low-income Housing	-	-	-	No
80-0815644	-	Affordable Low-income Housing	-	-	-	No

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Accounts Payable - Related Party	$34,590
Tenant Security Deposits	$22,152

Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant: No
Audit committee: Yes
Backup withholding compliance: Yes
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

“Two members of the board are brothers; there are no business relationships with each other or with the organization.”

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 u.s. Department of housing and urban development. 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 ongoing 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 be limited to individuals who are members in good standing of the order of ahepa or daughters of penelope. In the event that a director of the corporation ceases to be a member of the ahepan family, or does not remain in good standing, or resigns, or is removed as a director of the corporation, such act shall constitute automatic resignation as a director of the corporation.”

Form 990, Part VI, Section B, Line 11

“The auditing firm sends a draft of the return to the management company. The management company forwards a copy of the return to each board member for their comments prior to filing.”

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

EIN: 35-1552643
Phone: 3178495591

Signing Officer

Name: Angelo Kostarides
Title: President
Phone: 3178495591
Signed: 2014-11-04
Discuss with paid preparer: Yes

Organization Details

Principal Officer: Angelo Kostarides
Formed: 1989
Legal Domicile: In
Voting Board Members: 8
Independent Board Members: 8
Employees: 0
Volunteers: 0

Preparer

Preparer: Steven R Hise
Phone: 3178485700

Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The management company receives a copy of the audit. Prior to the finalization of the audit, a copy of the audit is given to all of the board members for their comments. When the audit is up for bid, the board discusses the relationship with the current auditors and makes a determination as to whether to maintain this relationship or change to a new auditing firm.”

Financial Statement Notes

PART X, LINE 2:

“The corporation is exempt from federal income tax under section 501(c)(3) of the internal revenue code and state income tax and has been classified as an other than private foundation. Accordingly, no provision for federal and state taxes on revenue and income has been recognized in the accompanying financial statements. Generally, the federal and state tax returns were subject to examinations from the three years after the later of the original or extended due date or the date filed with the applicable tax authority.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt	6	DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt	7	DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt	8	DIRECTOR
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IRS990/MissionDesc	0	AHEPA 232, 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 OWN AND OPERATE A 72-UNIT APARTMENT COMMUNITY IN INDIANAPOLIS, INDIANA, KNOWN AS AHEPA 232 APARTMENTS, PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED. THE SPONSOR OF THE CORPORATION IS AHEPA NATIONAL HOUSING CORPORATION.
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IRS990ScheduleA/Form990ScheduleAPartIVGrp/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.
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt	2	6
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt	3	2999
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc	1	RESERVE FOR REPLACEMENTS FUND
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc	2	PAINTING RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc	3	RESIDUAL RECEIPTS FUND
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt	0	THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY.
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IRS990/ScheduleJRequiredInd	0	0
IRS990/ScheduleORequiredInd	0	1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	TWO MEMBERS OF THE BOARD ARE BROTHERS; THERE ARE NO BUSINESS RELATIONSHIPS WITH EACH OTHER OR WITH THE ORGANIZATION.
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 U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. 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 ONGOING 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 BE LIMITED TO INDIVIDUALS WHO ARE MEMBERS IN GOOD STANDING OF THE ORDER OF AHEPA OR DAUGHTERS OF PENELOPE. IN THE EVENT THAT A DIRECTOR OF THE CORPORATION CEASES TO BE A MEMBER OF THE AHEPAN FAMILY, OR DOES NOT REMAIN IN GOOD STANDING, OR RESIGNS, OR IS REMOVED AS A DIRECTOR OF THE CORPORATION, SUCH ACT SHALL CONSTITUTE AUTOMATIC RESIGNATION AS A DIRECTOR OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	THE AUDITING FIRM SENDS A DRAFT OF THE RETURN TO THE MANAGEMENT COMPANY. THE MANAGEMENT COMPANY FORWARDS A COPY OF THE RETURN TO EACH BOARD MEMBER FOR THEIR COMMENTS PRIOR TO FILING.
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 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/ExplanationTxt	6	THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM.
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 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	4	FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	5	FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	6	FORM 990, PART XII, LINE 2C:
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd	0	0
IRS990ScheduleR/AssetSaleToOtherOrgInd	0	0
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IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd	0	0

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $1,077,019
Liabilities: $1,392,450
Net assets: -$315,431
Revenue: $647,637
Expenses: $609,299
Net income: $38,338

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$4.21	$2.81	$1.40	$0.82	$0.89	$0.07
2023Detailed filing. Detailed filing data is available for this year.	$4.33	$2.87	$1.46	$0.76	$0.84	$0.08
2022Detailed filing. Detailed filing data is available for this year.	$4.44	$2.90	$1.54	$0.77	$0.77	$0.01
2021Detailed filing. Detailed filing data is available for this year.	$4.50	$2.97	$1.54	$0.76	$0.84	$0.08
2020Detailed filing. Detailed filing data is available for this year.	$4.75	$3.13	$1.61	$0.75	$0.72	$0.03
2019Detailed filing. Detailed filing data is available for this year.	$4.76	$3.18	$1.59	$0.74	$0.71	$0.02
2018Detailed filing. Detailed filing data is available for this year.	$4.84	$3.27	$1.56	$0.72	$0.70	$0.01
2017Detailed filing. Detailed filing data is available for this year.	$4.93	$3.38	$1.55	$2.17	$0.76	$1.41
2016Detailed filing. Detailed filing data is available for this year.	$4.29	$4.15	$0.14	$1.10	$0.70	$0.41
2015Detailed filing. Detailed filing data is available for this year.	$1.07	$1.33	$0.27	$0.65	$0.60	$0.05
2014Detailed filing. Detailed filing data is available for this year.	$1.08	$1.39	$0.32	$0.65	$0.61	$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.	$1.09	$1.45	$0.35		$0.56
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$1.11	$1.54	$0.42		$0.60