Civic Intelligence

Ahepa 232 Phase II Inc

EIN 35-1635762 • 501(c)3 • Indianapolis, IN

Profile

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

7365 Shadeland Station WayIndianapolis, IN 46256

n/A

Siviq Scores

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

Liabilities / Assets

95th percentile

1.27x

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

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

Liabilities / Revenue

96th percentile

4.21x

Higher debt load relative to revenue than 96% of similar nonprofits.

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

Net Margin

45th percentile

2.2%

Higher net margin than 45% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

32nd percentile

-1.6%

Faster asset growth than 32% of similar nonprofits.

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

Revenue Growth

41st percentile

2.9%

Faster revenue growth than 41% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$1,718,565

Down $45,071 (-2.6%) from 2023

Liabilities

Down

$2,237,928

Down $36,489 (-1.6%) from 2023

Net Assets

Down

-$519,363

Down $8,582 (-1.7%) from 2023

Operations
Liabilities / Revenue96th percentileNet Margin45th percentile

Revenue

Up

$588,681

Up $32,295 (+5.8%) from 2023

Expenses

Up

$597,263

Up $17,871 (+3.1%) from 2023

Net Income

Up

-$8,582

Up $14,424 (+63%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth32nd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2012: $799,884Liabilities 2012: $1,345,681Net Assets 2012: -$545,7972012Assets 2013: $779,110Liabilities 2013: $1,291,983Net Assets 2013: -$512,8732013Assets 2014: $783,800Liabilities 2014: $1,285,426Net Assets 2014: -$501,6262014Assets 2015: $732,676Liabilities 2015: $1,219,281Net Assets 2015: -$486,6052015Assets 2016: $2,515,581Liabilities 2016: $2,927,895Net Assets 2016: -$412,3142016Assets 2017: $2,254,391Liabilities 2017: $2,664,238Net Assets 2017: -$409,8472017Assets 2018: $2,154,477Liabilities 2018: $2,590,314Net Assets 2018: -$435,8372018Assets 2019: $2,104,328Liabilities 2019: $2,549,105Net Assets 2019: -$444,7772019Assets 2020: $2,033,034Liabilities 2020: $2,492,137Net Assets 2020: -$459,1032020Assets 2021: $1,851,536Liabilities 2021: $2,351,327Net Assets 2021: -$499,7912021Assets 2022: $1,821,108Liabilities 2022: $2,308,883Net Assets 2022: -$487,7752022Assets 2023: $1,763,636Liabilities 2023: $2,274,417Net Assets 2023: -$510,7812023Assets 2024: $1,718,565Liabilities 2024: $2,237,928Net Assets 2024: -$519,3632024

Highlighted filing

2024

Assets$1,718,565
Liabilities$2,237,928
Net Assets-$519,363
Open 2024 Filing

Operations Trend

Revenue Growth41st percentile

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

$600K$400K$200K$0-$200KExpenses 2012: $454,6712012Expenses 2013: $438,8222013Revenue 2014: $475,234Expenses 2014: $463,987Net Income 2014: $11,2472014Revenue 2015: $477,439Expenses 2015: $462,418Net Income 2015: $15,0212015Revenue 2016: $540,203Expenses 2016: $465,912Net Income 2016: $74,2912016Revenue 2017: $503,092Expenses 2017: $500,625Net Income 2017: $2,4672017Revenue 2018: $447,716Expenses 2018: $473,706Net Income 2018: -$25,9902018Revenue 2019: $513,354Expenses 2019: $522,294Net Income 2019: -$8,9402019Revenue 2020: $527,349Expenses 2020: $541,675Net Income 2020: -$14,3262020Revenue 2021: $532,472Expenses 2021: $573,159Net Income 2021: -$40,6872021Revenue 2022: $547,828Expenses 2022: $535,812Net Income 2022: $12,0162022Revenue 2023: $556,386Expenses 2023: $579,392Net Income 2023: -$23,0062023Revenue 2024: $588,681Expenses 2024: $597,263Net Income 2024: -$8,5822024

Highlighted filing

2024

Revenue$588,681
Expenses$597,263
Net Income-$8,582
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$1,718,565
Liabilities
$2,237,928
Net assets
-$519,363
Revenue
$588,681
Expenses
$597,263
Net income
-$8,582
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.72$2.24$0.52$0.59$0.60$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.76$2.27$0.51$0.56$0.58$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.82$2.31$0.49$0.55$0.54$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.85$2.35$0.50$0.53$0.57$0.04
2020Detailed filing. Detailed filing data is available for this year.$2.03$2.49$0.46$0.53$0.54$0.01
2019Detailed filing. Detailed filing data is available for this year.$2.10$2.55$0.44$0.51$0.52$0.01
2018Detailed filing. Detailed filing data is available for this year.$2.15$2.59$0.44$0.45$0.47$0.03
2017Detailed filing. Detailed filing data is available for this year.$2.25$2.66$0.41$0.50$0.50$0.00
2016Detailed filing. Detailed filing data is available for this year.$2.52$2.93$0.41$0.54$0.47$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.73$1.22$0.49$0.48$0.46$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.78$1.29$0.50$0.48$0.46$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$1.29$0.51$0.44
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$1.35$0.55$0.45
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 30, 2025
Return Version
2023v6.0
Gross Receipts
$588,681
Mission and Program Overview

Mission

Ahepa 232 phase ii, 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 50-unit apartment community in indianapolis, indiana, known as ahepa 232 phase ii 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$1,301,700$1,232,606▼ $69,094
Cash and Non-Interest-Bearing Accounts$60,807--
Prepaid Expenses and Deferred Charges$26,549$47,479▲ $20,930
Accounts Receivable$8,397$10,660▲ $2,263
Total Assets$1,763,636$1,718,565▼ $45,071
Other Assets Total$366,183$427,820▲ $61,637
Liabilities
Unsecured Notes Loans Payable$2,219,389$2,172,709▼ $46,680
Accounts Payable and Accrued Expenses$36,731$42,366▲ $5,635
Other Liabilities$16,670$21,588▲ $4,918
Deferred Revenue$1,627$1,265▼ $362
Total Liabilities$2,274,417$2,237,928▼ $36,489
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-510,781$-519,363▼ $8,582
Total Net Assets Fund Balance$-510,781$-519,363▼ $8,582
Total Liabilities and Net Assets / Fund Balance$1,763,636$1,718,565▼ $45,071

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,214,918$1,346,447$2,561,365
Equipment$0$65,800$65,800
Land$16,900-$16,900
Other Land Buildings$788$1,975$2,763
Other Assets Org$44,326--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Angelo KostaridesPresident
Angelo ZarvasVice President
Angela MagramesDirector
Ilias SotosDirector
Irene SarrisDirector
Nick SpirrisonDirector
Panos NiarchosDirector
Andrew SpirrisonSecretary
Irene DoneyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$574,234
Investment Income
$2,025
Other Revenue
$12,422
Change in Net Assets
$-8,582

Audited Revenue Reconciliation

Revenue per Audited Statements
$588,681
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$588,681
Total Revenue per Form 990
$588,681
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$597,263
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
Interest$86,822--$86,822
Depreciation Depletion$73,748--$73,748
Insurance$47,215--$47,215
Occupancy$46,107--$46,107
Fees for Services Management-$42,153-$42,153
All Other Expenses$18,317--$18,317
Fees for Services Accounting-$9,000-$9,000
Other Expenses$8,737--$8,737
Office Expenses$6,430--$6,430
Information Technology$4,318--$4,318
Advertising$1,017--$1,017
Travel$685--$685
Fees for Services Legal$404--$404
Conferences and Meetings-$390-$390
Total Functional Expenses$545,720$51,543$0$597,263

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$597,263
Total Expenses per Audited Statements$597,263
Total Expenses per Form 990$597,263
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 Liabilities$21,588
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

“Andrew spirrison and nick spirrison have a family relationship.”

Form 990, Part VI, Section A, Line 3

“The corporation is managed by ahepa affordable management company, inc., an affiliate of ahepa national housing corporation. Ahepa affordable management company, inc. Has a project owner's and management agent's certification for multifamily housing projects with the us department of housing and urban development (hud). Under this certification, hud has approved ahepa affordable management company, inc to manage the underlying project of the corporation. The management contract encompasses the day to day operations of the project including, but not limited to, collection of rents, maintenance of facilities, supervision of staff, and outgoing support for both the owners and tenants as needed in order to establish a safe, sanitary and affordable environment.”

Form 990, Part VI, Section 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 Phase Ii Inc
EIN
35-1635762
Phone
3178453410
Address
7365 SHADELAND STATION WAY, INDIANAPOLIS, IN 46256

Signing Officer

Name
Angelo Kostarides
Title
President
Phone
3178453410
Signed
2025-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angelo Kostarides
Formed
1985
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Clark Schaefer Hackett & Co
Address
14 EAST MAIN STREET SUITE 500, SPRINGFIELD, OH 45502
Preparer
Renea R Irick
Phone
9373992000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“This process is consistent with prior years.”

Raw XML AppendixShowing 400 of 500 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/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-510781
IRS990/NetAssetsOrFundBalancesEOYAmt0-519363
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-510781
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-519363
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt046107
IRS990/OccupancyGrp/TotalAmt046107
IRS990/OfficeExpensesGrp/ProgramServicesAmt06430
IRS990/OfficeExpensesGrp/TotalAmt06430
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0366183
IRS990/OtherAssetsTotalGrp/EOYAmt0427820
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MANAGEMENT EXPENSE STAF
IRS990/OtherExpensesGrp/Desc1CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc2SERVICE COORDINATOR EXP
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ProgramServicesAmt0161256
IRS990/OtherExpensesGrp/ProgramServicesAmt158927
IRS990/OtherExpensesGrp/ProgramServicesAmt231737
IRS990/OtherExpensesGrp/ProgramServicesAmt38737
IRS990/OtherExpensesGrp/TotalAmt0161256
IRS990/OtherExpensesGrp/TotalAmt158927
IRS990/OtherExpensesGrp/TotalAmt231737
IRS990/OtherExpensesGrp/TotalAmt38737
IRS990/OtherLiabilitiesGrp/BOYAmt016670
IRS990/OtherLiabilitiesGrp/EOYAmt021588
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt012422
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt012422
IRS990/OtherRevenueTotalAmt012422
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt026549
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt047479
IRS990/PrincipalOfficerNm0ANGELO KOSTARIDES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE HUD
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0374446
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1199788
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0374446
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1199788
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0366
IRS990/PYOtherExpensesAmt0579392
IRS990/PYOtherRevenueAmt08745
IRS990/PYProgramServiceRevenueAmt0547275
IRS990/PYRevenuesLessExpensesAmt0-23006
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0579392
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0556386
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-8582
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0574234
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/CurrentTaxYearAmt02025
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0366
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt078
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0348
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02819
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0574234
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0547275
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0542339
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0529433
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0514702
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02707983
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02025
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0366
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt078
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0348
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02819
IRS990ScheduleA/InvestmentIncomeCYPct00.00100
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt012422
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt08745
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt05487
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02961
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt012299
IRS990ScheduleA/OtherIncome509Grp/TotalAmt041914
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98370
IRS990ScheduleA/PublicSupportPY509Pct00.98750
IRS990ScheduleA/PublicSupportTotal509Amt02707983
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0574234
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0547275
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0542339
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0529433
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0514702
IRS990ScheduleA/Total509Grp/TotalAmt02707983
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0588681
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0556386
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0547828
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0532472
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0527349
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02752716
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01214918
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01346447
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02561365
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt065800
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt065800
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0597263
IRS990ScheduleD/LandGrp/BookValueAmt016900
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt016900
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt022984
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1360510
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt244326
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSIT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0788
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01975
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02763
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021588
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT LIABILITIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0588681
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01232606
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0427820
IRS990ScheduleD/TotalExpensesPerForm990Amt0597263
IRS990ScheduleD/TotalLiabilityAmt021588
IRS990ScheduleD/TotalRevenuePerForm990Amt0588681
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0588681
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0597263
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ANDREW SPIRRISON AND NICK SPIRRISON HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION IS MANAGED BY AHEPA AFFORDABLE MANAGEMENT COMPANY, INC., AN AFFILIATE OF AHEPA NATIONAL HOUSING CORPORATION. AHEPA AFFORDABLE MANAGEMENT COMPANY, INC. HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). UNDER THIS CERTIFICATION, HUD HAS APPROVED AHEPA AFFORDABLE MANAGEMENT COMPANY, INC TO MANAGE THE UNDERLYING PROJECT OF THE CORPORATION. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND OUTGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/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/ExplanationTxt5THIS 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 B, LINE 11B
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:
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 INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1AHEPA 232 III INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0351552643
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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt07355 SHADELAND STATION WAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt15685 EDEN VILLAGE DR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1INDIANAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IN

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