Liabilities / Assets
86th percentile
Higher debt load relative to assets than 86% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.66x
Liabilities / Revenue
95th percentile
Higher debt load relative to revenue than 95% of similar nonprofits.
Net Margin
47th percentile
Higher net margin than 47% of similar nonprofits.
Top Officer Pay
37th percentile
Higher top officer pay than 37% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
31st percentile
Faster asset growth than 31% of similar nonprofits.
Revenue Growth
51st percentile
Faster revenue growth than 51% of similar nonprofits.
Balance Sheet
Assets
Down$4,749,260
Down $15,006 (-0.3%) from 2019
Net Assets
Up$1,614,455
Up $27,584 (+1.7%) from 2019
Liabilities
Down$3,134,805
Down $42,590 (-1.3%) from 2019
Revenue And Expenses
Revenue
Up$745,883
Up $10,342 (+1.4%) from 2019
Expenses
Up$718,299
Up $6,468 (+0.9%) from 2019
Net Income
Up$27,584
Up $3,874 (+16%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2019 to Jun 30, 2020
- Signed
- Nov 30, 2020
- Return Version
- 2019v5.1
- Gross Receipts
- $745,883
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 | $3,598,103 | $3,475,936 | ▼ $122,167 |
| Investments Program Related | $779,142 | $885,457 | ▲ $106,315 |
| Cash and Non-Interest-Bearing Accounts | $216,810 | $222,437 | ▲ $5,627 |
| Intangible Assets | $123,831 | $119,847 | ▼ $3,984 |
| Prepaid Expenses and Deferred Charges | $20,291 | $25,221 | ▲ $4,930 |
| Accounts Receivable | $3,228 | $-197 | ▼ $3,425 |
| Total Assets | $4,764,266 | $4,749,260 | ▼ $15,006 |
| Other Assets Total | $22,861 | $20,559 | ▼ $2,302 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $3,135,548 | $3,079,243 | ▼ $56,305 |
| Accounts Payable and Accrued Expenses | $20,289 | $35,238 | ▲ $14,949 |
| Other Liabilities | $21,558 | $20,324 | ▼ $1,234 |
| Total Liabilities | $3,177,395 | $3,134,805 | ▼ $42,590 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,586,871 | $1,614,455 | ▲ $27,584 |
| Total Net Assets Fund Balance | $1,586,871 | $1,614,455 | ▲ $27,584 |
| Total Liabilities and Net Assets / Fund Balance | $4,764,266 | $4,749,260 | ▼ $15,006 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $3,085,760 | $665,852 | $3,751,612 |
| Equipment | $108,095 | $215,328 | $323,423 |
| Leasehold Improvements | $125,993 | $181,214 | $307,207 |
| Land | $156,088 | - | $156,088 |
| Investment Program Related Org | $277,021 | - | - |
Compensation and Service Providers
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 |
| Nick Spirrison | Director |
| Andrew Spirrison | Secretary |
| Aristotle Nicolaides | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $514,959
- Program Service Revenue
- $210,666
- Investment Income
- $1,086
- Other Revenue
- $19,172
- Change in Net Assets
- $27,584
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $745,883
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $0
- Total Revenue per Audited Statements
- $745,883
- Total Revenue per Form 990
- $745,883
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $718,299 |
| 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 | $222,677 | - | - | $222,677 |
| Depreciation Depletion | $126,150 | - | - | $126,150 |
| Interest | $122,731 | $141 | - | $122,872 |
| Fees for Services Management | - | $50,151 | - | $50,151 |
| Insurance | $27,309 | $1,622 | - | $28,931 |
| Fees for Services Accounting | - | $10,188 | - | $10,188 |
| Office Expenses | $97 | $4,881 | - | $4,978 |
| Advertising | - | $1,140 | - | $1,140 |
| Other Expenses | $23,422 | $235 | - | $235 |
| Total Functional Expenses | $581,418 | $136,881 | $0 | $718,299 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $718,299 |
| Total Expenses per Audited Statements | $718,299 |
| Total Expenses per Form 990 | $718,299 |
| 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
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Tenant Security Deposits | $20,300 |
| Developer Fee Payable | $24 |
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 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 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 ahepa 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 11B
“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
- Filer Name
- Ahepa 232 Inc
- EIN
- 35-1552643
- Phone
- 3178495591
- Address
- 7355 SHADELAND STATION WAY, INDIANAPOLIS, IN 46256
Signing Officer
- Name
- Angelo Kostarides
- Title
- President
- Phone
- 3178495591
- Signed
- 2020-11-30
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Angelo Kostarides
- Formed
- 1989
- Legal Domicile
- In
- Voting Board Members
- 9
- Independent Board Members
- 9
- Employees
- 0
- Volunteers
- 0
Preparer
- Firm
- DAUBY O'CONNOR & ZALESKI LLC
- Address
- 501 CONGRESSIONAL BLVD 300, CARMEL, IN 46032
- Preparer
- Jonathan B Scott
- 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.”
Raw XML AppendixShowing 400 of 1,674 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/AccountsReceivableGrp/EOYAmt | 0 | -197 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
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| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 745883 |
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| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 126150 |
| IRS990/Desc | 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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| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 581418 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 1 |
| IRS990/FederalGrantAuditPerformedInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 1 |
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| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 10188 |
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| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 50151 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 2.00 |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 8 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1989 |
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| IRS990/GrantsToOrganizationsInd | 0 | 0 |
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| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 119847 |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 141 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 122731 |
| IRS990/InterestGrp/TotalAmt | 0 | 122872 |
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| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 885457 |
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| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 3135548 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 3079243 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 1586871 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 1614455 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 1586871 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 1614455 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 222677 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 222677 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 4881 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 97 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 4978 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 22861 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 20559 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | MANAGEMENT COMPANY EMPL |
| IRS990/OtherExpensesGrp/Desc | 1 | SERVICE COORDINATOR |
| IRS990/OtherExpensesGrp/Desc | 2 | BAD DEBTS |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 56380 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 12143 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 235 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 59032 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 23422 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 115412 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 35565 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 235 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 21558 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 20324 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 531110 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 1 | 531110 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 2 | 531110 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | OTHER REVENUE |
| IRS990/OtherRevenueMiscGrp/Desc | 1 | LAUNDRY & VENDING |
| IRS990/OtherRevenueMiscGrp/Desc | 2 | TENANT CHARGES |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 15712 |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 1 | 2053 |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 2 | 1407 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 15712 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 1 | 2053 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 2 | 1407 |
| IRS990/OtherRevenueTotalAmt | 0 | 19172 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 20291 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 25221 |
| IRS990/PrincipalOfficerNm | 0 | ANGELO KOSTARIDES |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 531110 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | RENTAL INCOME |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 210666 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 210666 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 507504 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 887 |
| IRS990/PYOtherExpensesAmt | 0 | 711831 |
| IRS990/PYOtherRevenueAmt | 0 | 2672 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 224478 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 23710 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 711831 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 735541 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 27584 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 1 |
| IRS990/RevenueAmt | 0 | 210666 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | SCHEDULE A, PART III, LINE 12: |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 514959 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 507504 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 500776 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 2085657 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 834122 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 4443018 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 1086 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 887 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 252 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 397 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 673 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 3295 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 210666 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 224478 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 215794 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 345301 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 266943 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 1263182 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 1086 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 887 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 252 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 397 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 673 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 3295 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00060 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00050 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt | 0 | 19172 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 2672 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1895 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 2111 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 2334 |
| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 28184 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.99450 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.99740 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 5706200 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 725625 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 731982 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 716570 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 2430958 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1101065 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 5706200 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 745883 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 735541 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 718717 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 2433466 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 1104072 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 5737679 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 3085760 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 665852 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 3751612 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 108095 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 215328 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 323423 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 718299 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 0 | 5000 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 1 | 600430 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 2 | 3006 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 3 | 277021 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 0 | REPAIR ESCROW |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 1 | RESERVE FOR REPLACEMENTS FUND |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 2 | RESIDUAL RECEIPTS FUND |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 3 | ESCROW DEPOSITS |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 0 | C |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 1 | C |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 2 | C |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 3 | C |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 156088 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 156088 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 125993 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 181214 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 307207 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 20300 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 24 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | TENANT SECURITY DEPOSITS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | DEVELOPER FEE PAYABLE |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 745883 |
| 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. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 3475936 |
| IRS990ScheduleD/TotalBookValueProgramRltdAmt | 0 | 885457 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 718299 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 20324 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 745883 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 745883 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 718299 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE FOLLOWING 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 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 AHEPA 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 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $4,749,260
- Liabilities
- $3,134,805
- Net assets
- $1,614,455
- Revenue
- $745,883
- Expenses
- $718,299
- Net income
- $27,584