Civic Intelligence

Ahepa 232 Phase II Inc.

990 • Fiscal year 2012 • EIN 35-1635762

Jul 01, 2011 to Jun 30, 2012 • Filed on Nov 11, 2012

7355 Shadeland Station Way46256
Siviq Scores

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

Liabilities / Assets

97th percentile

1.68x

Higher debt load relative to assets than 97% of similar nonprofits.

2012 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

Score unavailable

No value available

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

Source year 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$799,884

No earlier filing loaded for comparison.

Net Assets

-$545,797

No earlier filing loaded for comparison.

Liabilities

$1,345,681

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$454,671

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$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

2012

Assets$799,884
Liabilities$1,345,681
Net Assets-$545,797

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2012

Revenue-
Expenses$454,671
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Nov 11, 2012
Return Version
2011v1.2
Gross Receipts
$427,956
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.

Filing and Contact Details

Filer

EIN
35-1635762
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IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0TWO MEMBERS OF THE BOARD ARE BROTHERS. THERE ARE NO BUSINESS RELATIONSHIPS WITH EACH OTHER OR WITH THE ORGANIZATION.
IRS990ScheduleO/GeneralExplanation/Explanation1THE 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.
IRS990ScheduleO/GeneralExplanation/Explanation2THE MEMBERS OF THE AHEPA 232 CHAPTER PROVIDE THE MEMBERS OF THE GOVERNING BODY. EACH MEMBER OF THE CORPORATION SHALL BE ENTITLED TO ONE VOTE AND THERE SHALL BE NO DIVISION OF MEMBERSHIP IN THE CORPORATION. ALL MEMBERS MUST BE GENERAL MEMBERS.
IRS990ScheduleO/GeneralExplanation/Explanation3THE 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. DIRECTORS AND OFFICERS SHALL BE SUBJECT TO SUCH OTHER QUALIFICATIONS, LIMITATIONS AND RESTRICITIONS, AND GRANTED SUCH OTHER RIGHTS AND PREFERENCES, AS SET FORTH IN THE BY-LAWS AS AMENDED FROM TIME TO TIME.
IRS990ScheduleO/GeneralExplanation/Explanation4THE 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/GeneralExplanation/Explanation5ALL BOARD MEMBERS SIGN A CONFLICT OF INTEREST POLICY AND ALL CONTRACTS ARE CHECKED FOR A CONFLICT BEFORE APPROVAL. THE BOARD OF DIRECTORS REVIEWS COMPLAINTS.
IRS990ScheduleO/GeneralExplanation/Explanation6THE COMPENSATION OF THE CEO AND KEY EMPLOYEES OF THE RELATED PARTY IS INCLUDED IN THE PROPOSED ANNUAL BUDGET THAT IS REVIEWED BY THE COMPANY'S BUDGET COMMITTEE. THE BUDGET COMMITTEE CONSISTS ONLY OF MEMBERS OF THE BOARD OF DIRECTORS. THE BUDGET COMMITTEE MAKES A RECOMMENDATION TO THE FULL BOARD OF DIRECTORS DURING THE ANNUAL BOARD MEETING.
IRS990ScheduleO/GeneralExplanation/Explanation7THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation8ALL 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/GeneralExplanation/Explanation9PRIOR PERIOD ADJUSTMENTS: -24,142.
IRS990ScheduleO/GeneralExplanation/Explanation10THE 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/GeneralExplanation/Explanation11AFTER THE TAX RETURN WAS FINALIZED FOR THE YEAR ENDING 6/30/11, THERE WERE CHANGES MADE TO THE INVESTMENT ACCOUNTS ON THE 6/30/11 AUDIT THAT WERE NOT SHOWN ON THE TAX RETURN. THE DIFFERENCE BETWEEN THE AUDIT AND TAX BALANCES FOR THE INVESTMENT ACCOUNTS WAS $24,142 AND IS SHOWN AS AN OTHER CHANGE IN NET ASSETS IN THE CURRENT YEAR.
IRS990ScheduleO/GeneralExplanation/Identifier0AVERAGE NUMBER OF HOURS WORKED
IRS990ScheduleO/GeneralExplanation/Identifier1CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/Identifier2OVERSIGHT OF AUDITING FUNCTION
IRS990ScheduleO/GeneralExplanation/Identifier3OTHER CHANGE IN NET ASSETS
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference8FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B:
IRS990ScheduleO/GeneralExplanation/ReturnReference9FORM 990, PART XI, LINE 5:
IRS990ScheduleO/GeneralExplanation/ReturnReference10FORM 990, PART XII, LINE 2C:
IRS990ScheduleO/GeneralExplanation/ReturnReference11FORM 990, PART XI, LINE 5
IRS990/ScheduleORequired01
IRS990ScheduleR/ExchangeOfAssets00
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IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine113308 OAKHILL DRIVE
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine123320 OLD COLUMIANA RD
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine134370 COMMUNITY DRIVE
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine141720 E WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine15285 SYLVEST DRIVE
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine161728 E WASHINGTON AVE
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine1713830 CANYON HILL
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine1813830 CANYON HILL
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine1913830 CANYON HILL
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine1108401 RUSTLING LEAVES DR
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine111681 W HOLLIS ROAD
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine11210601 BEARD AVENUE SOUTH

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