Civic Intelligence

Ahepa 232 Inc.

990 • Fiscal year 2021 • EIN 35-1552643

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 25, 2022

7355 Shadeland Station WayIndianapolis, IN 46256

(317) 849-5591

Siviq Scores

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

Liabilities / Assets

88th percentile

0.66x

Higher debt load relative to assets than 88% of similar nonprofits.

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

Liabilities / Revenue

95th percentile

3.89x

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

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

Net Margin

15th percentile

-10%

Higher net margin than 15% of similar nonprofits.

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

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.

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

Asset Growth

13th percentile

-5.2%

Faster asset growth than 13% of similar nonprofits.

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

Revenue Growth

36th percentile

2.3%

Faster revenue growth than 36% of similar nonprofits.

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

Assets

Down

$4,501,005

Down $248,255 (-5.2%) from 2020

Net Assets

Down

$1,535,404

Down $79,051 (-4.9%) from 2020

Liabilities

Down

$2,965,601

Down $169,204 (-5.4%) from 2020

Revenue

Up

$762,936

Up $17,053 (+2.3%) from 2020

Expenses

Up

$841,983

Up $123,684 (+17%) from 2020

Net Income

Down

-$79,047

Down $106,631 (-387%) from 2020

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2012: $1,113,427Liabilities 2012: $1,536,744Net Assets 2012: -$423,3172012Assets 2013: $1,094,180Liabilities 2013: $1,447,949Net Assets 2013: -$353,7692013Assets 2014: $1,077,019Liabilities 2014: $1,392,450Net Assets 2014: -$315,4312014Assets 2015: $1,066,648Liabilities 2015: $1,332,351Net Assets 2015: -$265,7032015Assets 2016: $4,287,041Liabilities 2016: $4,146,239Net Assets 2016: $140,8022016Assets 2017: $4,930,960Liabilities 2017: $3,382,574Net Assets 2017: $1,548,3862017Assets 2018: $4,836,445Liabilities 2018: $3,273,284Net Assets 2018: $1,563,1612018Assets 2019: $4,764,266Liabilities 2019: $3,177,395Net Assets 2019: $1,586,8712019Assets 2020: $4,749,260Liabilities 2020: $3,134,805Net Assets 2020: $1,614,4552020Assets 2021: $4,501,005Liabilities 2021: $2,965,601Net Assets 2021: $1,535,4042021Assets 2022: $4,444,234Liabilities 2022: $2,902,797Net Assets 2022: $1,541,4372022Assets 2023: $4,330,573Liabilities 2023: $2,868,101Net Assets 2023: $1,462,4722023Assets 2024: $4,207,353Liabilities 2024: $2,810,438Net Assets 2024: $1,396,9152024

Highlighted filing

2021

Assets$4,501,005
Liabilities$2,965,601
Net Assets$1,535,404

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $599,2242012Expenses 2013: $557,9932013Revenue 2014: $647,637Expenses 2014: $609,299Net Income 2014: $38,3382014Revenue 2015: $651,520Expenses 2015: $601,792Net Income 2015: $49,7282015Revenue 2016: $1,104,072Expenses 2016: $697,567Net Income 2016: $406,5052016Revenue 2017: $2,169,128Expenses 2017: $761,544Net Income 2017: $1,407,5842017Revenue 2018: $718,717Expenses 2018: $703,942Net Income 2018: $14,7752018Revenue 2019: $735,541Expenses 2019: $711,831Net Income 2019: $23,7102019Revenue 2020: $745,883Expenses 2020: $718,299Net Income 2020: $27,5842020Revenue 2021: $762,936Expenses 2021: $841,983Net Income 2021: -$79,0472021Revenue 2022: $773,844Expenses 2022: $767,811Net Income 2022: $6,0332022Revenue 2023: $764,202Expenses 2023: $843,167Net Income 2023: -$78,9652023Revenue 2024: $822,200Expenses 2024: $887,757Net Income 2024: -$65,5572024

Highlighted filing

2021

Revenue$762,936
Expenses$841,983
Net Income-$79,047
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 25, 2022
Return Version
2020v4.2
Gross Receipts
$762,936
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.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,475,937$3,425,460▼ $50,477
Cash and Non-Interest-Bearing Accounts$222,433$300,102▲ $77,669
Prepaid Expenses and Deferred Charges$25,221$26,144▲ $923
Accounts Receivable$195$3,093▲ $2,898
Total Assets$4,629,802$4,501,005▼ $128,797
Other Assets Total$906,016$746,206▼ $159,810
Liabilities
Unsecured Notes Loans Payable$2,959,396$2,905,073▼ $54,323
Accounts Payable and Accrued Expenses$35,631$39,340▲ $3,709
Other Liabilities$20,300$20,642▲ $342
Deferred Revenue$24$546▲ $522
Total Liabilities$3,015,351$2,965,601▼ $49,750
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,614,451$1,535,404▼ $79,047
Total Net Assets Fund Balance$1,614,451$1,535,404▼ $79,047
Total Liabilities and Net Assets / Fund Balance$4,629,802$4,501,005▼ $128,797

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,153,616$948,696$4,102,312
Equipment$115,756$239,124$354,880
Land$156,088-$156,088
Other Assets Org$89,532--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Angelo KostaridesPresident
Angelo ZarvasVice President
Angela MagramesDirector
George KarampasDirector
Ilias SotosDirector
Irene SarrisDirector
Nick SpirrisonDirector
Andrew SpirrisonSecretary
Aristotle NicolaidesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$757,264
Investment Income
$242
Other Revenue
$5,430
Change in Net Assets
$-79,047

Audited Revenue Reconciliation

Revenue per Audited Statements
$762,936
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$762,936
Total Revenue per Form 990
$762,936
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$841,983
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
Depreciation Depletion$125,427--$125,427
Interest$110,702--$110,702
Fees for Services Management-$50,466-$50,466
Insurance$44,480--$44,480
Occupancy$44,135--$44,135
All Other Expenses$27,241--$27,241
Other Expenses$11,457--$11,457
Fees for Services Accounting-$10,668-$10,668
Office Expenses$3,468--$3,468
Information Technology$2,172--$2,172
Advertising$1,652--$1,652
Fees for Services Legal$21--$21
Total Functional Expenses$780,849$61,134$0$841,983

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$841,983
Total Expenses per Audited Statements$841,983
Total Expenses per Form 990$841,983
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$20,642
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 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 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 Inc
EIN
35-1552643
Phone
3178495591
Address
7355 SHADELAND STATION WAY, INDIANAPOLIS, IN 46256

Signing Officer

Name
Angelo Kostarides
Title
President
Phone
3178495591
Signed
2022-04-25
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
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.

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, 2021 and 2020. 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, 2021 and 2020.

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IRS990/OtherExpensesGrp/ProgramServicesAmt240995
IRS990/OtherExpensesGrp/ProgramServicesAmt311457
IRS990/OtherExpensesGrp/TotalAmt0189265
IRS990/OtherExpensesGrp/TotalAmt1179834
IRS990/OtherExpensesGrp/TotalAmt240995
IRS990/OtherExpensesGrp/TotalAmt311457
IRS990/OtherLiabilitiesGrp/BOYAmt020300
IRS990/OtherLiabilitiesGrp/EOYAmt020642
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt05430
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05430
IRS990/OtherRevenueTotalAmt05430
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt025221
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt026144
IRS990/PrincipalOfficerNm0ANGELO KOSTARIDES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE HUD
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0492162
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1265102
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0492162
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1265102
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01086
IRS990/PYOtherExpensesAmt0718299
IRS990/PYOtherRevenueAmt019172
IRS990/PYProgramServiceRevenueAmt0725625
IRS990/PYRevenuesLessExpensesAmt027584
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0718299
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0745883
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-79047
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0757264
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/CurrentTaxYearAmt0242
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01086
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0887
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0252
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0397
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02864
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0757264
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0725685
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0731982
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0716570
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02430958
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05362459
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0242
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01086
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0887
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0252
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0397
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02864
IRS990ScheduleA/InvestmentIncomeCYPct00.00050
IRS990ScheduleA/InvestmentIncomePYPct00.00060
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt05430
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt019172
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02672
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01895
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02111
IRS990ScheduleA/OtherIncome509Grp/TotalAmt031280
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99370
IRS990ScheduleA/PublicSupportPY509Pct00.99450
IRS990ScheduleA/PublicSupportTotal509Amt05362459
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0757264
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0725685
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0731982
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0716570
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02430958
IRS990ScheduleA/Total509Grp/TotalAmt05362459
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0762936
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0745943
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0735541
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0718717
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02433466
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05396603
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03153616
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0948696
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04102312
IRS990ScheduleD/EquipmentGrp/BookValueAmt0115756
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0239124
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0354880
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0841983
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0156088
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0156088
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0456990
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt121066
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2175611
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt33007
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt489532
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt020642
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0762936
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, 2021 AND 2020. 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, 2021 AND 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03425460
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0746206
IRS990ScheduleD/TotalExpensesPerForm990Amt0841983
IRS990ScheduleD/TotalLiabilityAmt020642
IRS990ScheduleD/TotalRevenuePerForm990Amt0762936
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0762936
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0841983
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOLLOWING MEMBERS HAVE A FAMILY RELATIONSHIP: ANDREW SPIRRISON AND NICK SPIRRISON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/ExplanationTxt2THE 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/ExplanationTxt3THE 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/ExplanationTxt4THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL 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/ExplanationTxt6THE PROCESS IS CONSISTENT WITH PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART VII, SECTION A, LINE 1A, COLUMN B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0AHEPA 232 PHASE II INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1AHEPA 232 III INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0351635762
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1331039034
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0AFFORDABLE LOW-INCOME HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1AFFORDABLE LOW-INCOME HOUSING

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