Ahepa 232 Phase II Inc.

990 • Fiscal year 2020 • EIN 35-1635762

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 30, 2020

Organization Profile N/A

7355 Shadeland Station WayIndianapolis, IN 46256

(317) 845-3410

Siviq Scores

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

1.23x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

4.73x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

-2.7%

Higher net margin than 31% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

-3.4%

Faster asset growth than 19% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

2.7%

Faster revenue growth than 54% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet

Liabilities / Assets95th percentile

Assets

Down

$2,033,034

Down $71,294 (-3.4%) from 2019

Net Assets

Down

-$459,103

Down $14,326 (-3.2%) from 2019

Liabilities

Down

$2,492,137

Down $56,968 (-2.2%) from 2019

Revenue And Expenses

Liabilities / Revenue95th percentile Net Margin31st percentile

Revenue

$527,349

Up $13,995 (+2.7%) from 2019

Expenses

$541,675

Up $19,381 (+3.7%) from 2019

Net Income

Down

-$14,326

Down $5,386 (-60%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

Highlighted filing

2020

Assets$2,033,034

Liabilities$2,492,137

Net Assets-$459,103

Open 2020 Filing

Operations Trend

Revenue Growth54th percentile

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

Highlighted filing

2020

Revenue$527,349

Expenses$541,675

Net Income-$14,326

Open 2020 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2019 to Jun 30, 2020
Signed: Nov 30, 2020
Return Version: 2019v5.1
Gross Receipts: $527,349

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.

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$1,400,204	$1,357,234	▼ $42,970
Investments Program Related	$497,151	$469,443	▼ $27,708
Intangible Assets	$101,321	$98,087	▼ $3,234
Cash and Non-Interest-Bearing Accounts	$68,085	$69,295	▲ $1,210
Prepaid Expenses and Deferred Charges	$17,555	$21,326	▲ $3,771
Accounts Receivable	$1,530	$482	▼ $1,048
Total Assets	$2,104,328	$2,033,034	▼ $71,294
Other Assets Total	$18,482	$17,167	▼ $1,315
Liabilities
Mortgage Notes Payable Secured by Investment Property	$2,490,197	$2,447,053	▼ $43,144
Accounts Payable and Accrued Expenses	$40,485	$27,951	▼ $12,534
Other Liabilities	$18,423	$17,133	▼ $1,290
Total Liabilities	$2,549,105	$2,492,137	▼ $56,968
Net Assets / Fund Balance
Net Assets Without Donor Restrictions	$-444,777	$-459,103	▼ $14,326
Total Net Assets Fund Balance	$-444,777	$-459,103	▼ $14,326
Total Liabilities and Net Assets / Fund Balance	$2,104,328	$2,033,034	▼ $71,294

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$1,242,648	$799,981	$2,042,629
Leasehold Improvements	$40,589	$224,442	$265,031
Equipment	$57,097	$100,372	$157,469
Land	$16,900	-	$16,900
Investment Program Related Org	$429,979	-	-

Compensation and Service Providers

Top Officer Pay37th 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
Nick Spirrison	Director
Andrew Spirrison	Secretary
Aristotle Nicolaides	Treasurer

Revenue and Support

Revenue Composition

Contributions and Grants: $350,969
Program Service Revenue: $163,733
Investment Income: $348
Other Revenue: $12,299
Change in Net Assets: $-14,326

Audited Revenue Reconciliation

Revenue per Audited Statements: $527,349
Revenue Not Reported on Financial Statements: $0
Revenue Not Reported on Form 990: $0
Total Revenue per Audited Statements: $527,349
Total Revenue per Form 990: $527,349

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$541,675
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	$157,776	-	-	$157,776
Interest	$101,264	$134	-	$101,398
Depreciation Depletion	$69,890	-	-	$69,890
Other Expenses	$45,965	$15,383	-	$61,348
Fees for Services Management	-	$35,012	-	$35,012
Insurance	$20,902	$1,622	-	$22,524
Fees for Services Accounting	-	$9,000	-	$9,000
Office Expenses	$67	$3,783	-	$3,850
Advertising	-	$945	-	$945
Total Functional Expenses	$436,886	$104,789	$0	$541,675

Audited Expense Reconciliation

Line Item	Amount
Expenses per Audited Statements	$541,675
Total Expenses per Audited Statements	$541,675
Total Expenses per Form 990	$541,675
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
Ahepa 100 Inc	South Bend, IN	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 110 Ii Inc	Norwich, CT	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 110 Iii Inc	Norwich, CT	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 110 Inc	Norwich, CT	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 113 Inc	Beavercreek, OH	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 118 Inc	Toledo, OH	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 127 Ii Inc	Cincinnati, OH	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 127 Inc	Milford, OH	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 133 Penelope 55 Inc	New Orleans, LA	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 156 Inc	Canonsburg, PA	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 18 Inc	W Palm Beach, FL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 192 Ii Inc	Ankeny, IA	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 192 Iii Inc	Ankeny, IA	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 192 Inc	Johnston, IA	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 23 Ii Inc	Montgomery, AL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 23 Iii Inc	Montgomery, AL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 23 Inc	Montgomery, AL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 232 Iii Inc	Indianapolis, IN	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 232 Inc	Indianapolis, IN	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 242 Inc	Greenville, SC	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 245 Ii Inc	Newport, RI	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 245 Inc	Newport, RI	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 250 Ii Inc	Waterford, CT	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 250 Iii Inc	Groton, CT	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 250 Inc	Niantic, CT	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 250 Iv Inc	Niantic, CT	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 250 V Inc	Niantic, CT	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 284 Ii Inc	Columbia, SC	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 284 Iii Inc	Columbia, SC	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 284 Inc	Columbia, SC	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 284 Iv Inc	Columbia, SC	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 29 Inc	Houston, TX	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 29 Phase Ii Inc	Houston, TX	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 29 Phase Iii Inc	Houston, TX	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 29 Phase Iv Inc	Houston, TX	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 296 Inc	Pensacola, FL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 3 Inc	Hoover, AL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 302 Inc	San Bernardino, CA	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 310 Iii Inc	Fairhope, AL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 310 Inc (ahepa 310 Ii)	Merrillville, AL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 310 Iv Inc	Saraland, AL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 310 Ix Inc	Theodore, AL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 310 V Inc	Mobile, AL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 310 Vi Inc	Mobile, AL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 310 Vii Inc	Mobile, AL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 310 Viii Inc	Irvington, AL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 310 X Inc	Semmes, AL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 310 Xi Inc	Theodore, AL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 310 Xii Inc	Daphne, AL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 310 of Citronelle Inc	Citronelle, AL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 343 Inc	Lavergne, TN	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 35 Inc	Nashua, NH	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 37 Inc	Syracuse, NY	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 371 Ii Inc	Harrison Twp, MI	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 371 Inc	Harrison Twp, MI	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 39 Inc	Haverhill, MA	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 408 Inc	Wilmington, NC	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 410 Inc	Daytona Beach, FL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 421 Inc	North Miami, FL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 489 Apartments Inc	New Port Richey, FL	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 501 Ii Inc	Albuquerque, NM	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 501 Iii Inc	Albuquerque, NM	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 501 Inc	Albuquerque, NM	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 53 Ii Inc	St Louis, MO	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 53 Iii Inc	St Louis, MO	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 53 Inc	St Louis, MO	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 53 Iv Inc	St Louis, MO	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 58 Inc	Wethersfield, CT	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 59 Inc	Canton, OH	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 60 Inc	Allentown, PA	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 63 Inc	Fairlawn, OH	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 67 Inc	Webster, NY	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 78 Inc	Merrillville, IN	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 78 Phase Ii Inc	Merrillville, IN	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 78 Phase Iii Inc	Merrillville, IN	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 78 Phase Iv Inc	Merrillville, IN	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 78 Phase V Inc	Merrillville, IN	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 78 Phase Vi Inc	Merrillville, IN	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa 89 Inc	Boardman, OH	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa Affordable Housing Management Company Inc	Fishers, IN	Management & Operation of Affordable Housing	501(c)(3)	Line 10	No
Ahepa Buffalo Housing Development Inc (ahepa 67 Ii)	Cheektowaga, NY	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa Dop 54 Inc	Houston, TX	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa Dop 54 Phase Ii Inc	Houston, TX	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa Dop 60 Inc	Mishawaka, IN	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa National Housing Corporation	Fishers, IN	Sponsoring and Granting Various Hud Developments for Elderly/handicapped	501(c)(3)	Line 10	No
Ahepa One Inc	Decatur, GA	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa-penelope 120 Inc	Peabody, MA	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa-penelope 35 Ii Inc	Bloomington, MN	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa-penelope 35 Inc	Bloomington, MN	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa-penelope 38 Apartments Inc	Ankeny, IA	Affordable Low-income Housing	501(c)(3)	Line 10	No
Ahepa-penelope District One Apartments of Hoover Inc	Hoover, AL	Affordable Low-income Housing	501(c)(3)	Line 10	No

Related Partnerships and Joint Ventures

Organization	Location	Activity	Income	Assets	Ownership	Managing Partner
Ahepa 310 Apartments Lllp	Mobile, AL	Affordable Low-income Housing	-	-	-	No
Ahepa 63 Apartments Ltd	Tallmadge, OH	Affordable Low-income Housing	-	-	-	No
Hellenic Senior Living of Elkhart LLC	Fishers, IN	Affordable Low-income Housing	-	-	-	No
Hellenic Senior Living of Indianapolis LLC	Fishers, IN	Affordable Low-income Housing	-	-	-	No
Hellenic Senior Living of Mishawaka LLC	Fishers, IN	Affordable Low-income Housing	-	-	-	No
Hellenic Senior Living of New Albany LLC	Fishers, IN	Affordable Low-income Housing	-	-	-	No
Omega Senior Housing Limited Dividend Housing Association Lp	Harrison Township, MI	Affordable Low-income Housing	-	-	-	No

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Tenant Security Deposits	$17,109
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 board 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 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 Phase Ii Inc
EIN: 35-1635762
Phone: 3178453410
Address: 7355 SHADELAND STATION WAY, INDIANAPOLIS, IN 46256

Signing Officer

Name: Angelo Kostarides
Title: President
Phone: 3178453410
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 1,663 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.

Path	#	Value
IRS990/AccountantCompileOrReviewInd	0	0
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt	0	40485
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt	0	27951
IRS990/AccountsReceivableGrp/BOYAmt	0	1530
IRS990/AccountsReceivableGrp/EOYAmt	0	482
IRS990/ActivitiesConductedPrtshpInd	0	0
IRS990/ActivityOrMissionDesc	0	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.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt	0	945
IRS990/AdvertisingGrp/TotalAmt	0	945
IRS990/AuditCommitteeInd	0	1
IRS990/BackupWthldComplianceInd	0	1
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt	0	AHEPA MANAGEMENT COMPANY
IRS990/BooksInCareOfDetail/PhoneNum	0	3178453410
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	10706 SKY PRAIRIE ST
IRS990/BooksInCareOfDetail/USAddress/CityNm	0	FISHERS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	IN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd	0	46038
IRS990/BusinessRlnWith35CtrlEntInd	0	0
IRS990/BusinessRlnWithFamMemInd	0	0
IRS990/BusinessRlnWithOrgMemInd	0	0
IRS990/CashNonInterestBearingGrp/BOYAmt	0	68085
IRS990/CashNonInterestBearingGrp/EOYAmt	0	69295
IRS990/ChangeToOrgDocumentsInd	0	0
IRS990/CntrctRcvdGreaterThan100KCnt	0	0
IRS990/CollectionsOfArtInd	0	0
IRS990/CompensationFromOtherSrcsInd	0	0
IRS990/CompensationProcessCEOInd	0	0
IRS990/CompensationProcessOtherInd	0	0
IRS990/ConflictOfInterestPolicyInd	0	0
IRS990/ConservationEasementsInd	0	0
IRS990/ConsolidatedAuditFinclStmtInd	0	0
IRS990/CreditCounselingInd	0	0
IRS990/CYBenefitsPaidToMembersAmt	0	0
IRS990/CYContributionsGrantsAmt	0	350969
IRS990/CYGrantsAndSimilarPaidAmt	0	0
IRS990/CYInvestmentIncomeAmt	0	348
IRS990/CYOtherExpensesAmt	0	541675
IRS990/CYOtherRevenueAmt	0	12299
IRS990/CYProgramServiceRevenueAmt	0	163733
IRS990/CYRevenuesLessExpensesAmt	0	-14326
IRS990/CYSalariesCompEmpBnftPaidAmt	0	0
IRS990/CYTotalExpensesAmt	0	541675
IRS990/CYTotalFundraisingExpenseAmt	0	0
IRS990/CYTotalProfFndrsngExpnsAmt	0	0
IRS990/CYTotalRevenueAmt	0	527349
IRS990/DecisionsSubjectToApprovaInd	0	0
IRS990/DeductibleArtContributionInd	0	0
IRS990/DeductibleNonCashContriInd	0	0
IRS990/DelegationOfMgmtDutiesInd	0	1
IRS990/DepreciationDepletionGrp/ProgramServicesAmt	0	69890
IRS990/DepreciationDepletionGrp/TotalAmt	0	69890
IRS990/Desc	0	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.
IRS990/DescribedInSection501c3Ind	0	1
IRS990/DisregardedEntityInd	0	0
IRS990/DocumentRetentionPolicyInd	0	0
IRS990/DonorAdvisedFundInd	0	0
IRS990/DonorRstrOrQuasiEndowmentsInd	0	0
IRS990/ElectionOfBoardMembersInd	0	0
IRS990/EmployeeCnt	0	0
IRS990/EngagedInExcessBenefitTransInd	0	0
IRS990/ExpenseAmt	0	436886
IRS990/FamilyOrBusinessRlnInd	0	1
IRS990/FederalGrantAuditPerformedInd	0	1
IRS990/FederalGrantAuditRequiredInd	0	1
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt	0	9000
IRS990/FeesForServicesAccountingGrp/TotalAmt	0	9000
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt	0	35012
IRS990/FeesForServicesManagementGrp/TotalAmt	0	35012
IRS990/ForeignActivitiesInd	0	0
IRS990/ForeignFinancialAccountInd	0	0
IRS990/ForeignOfficeInd	0	0
IRS990/Form8282PropertyDisposedOfInd	0	0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt	0	3.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt	1	2.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt	2	2.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt	3	2.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt	4	2.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt	5	2.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt	6	2.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt	7	2.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt	8	2.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	0	1.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	1	1.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	2	1.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	3	1.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	4	1.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	5	1.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	6	1.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	7	1.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt	8	1.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	0	X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	1	X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	2	X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	3	X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	4	X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	5	X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	6	X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	7	X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd	8	X
IRS990/Form990PartVIISectionAGrp/OfficerInd	0	X
IRS990/Form990PartVIISectionAGrp/OfficerInd	1	X
IRS990/Form990PartVIISectionAGrp/OfficerInd	2	X
IRS990/Form990PartVIISectionAGrp/OfficerInd	3	X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	0	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	1	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	2	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	3	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	4	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	5	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	6	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	7	0
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt	8	0
IRS990/Form990PartVIISectionAGrp/PersonNm	0	ANGELO KOSTARIDES
IRS990/Form990PartVIISectionAGrp/PersonNm	1	ANGELO ZARVAS
IRS990/Form990PartVIISectionAGrp/PersonNm	2	ARISTOTLE NICOLAIDES
IRS990/Form990PartVIISectionAGrp/PersonNm	3	ANDREW SPIRRISON
IRS990/Form990PartVIISectionAGrp/PersonNm	4	IRENE SARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm	5	NICK SPIRRISON
IRS990/Form990PartVIISectionAGrp/PersonNm	6	ILIAS SOTOS
IRS990/Form990PartVIISectionAGrp/PersonNm	7	GEORGE KARAMPAS
IRS990/Form990PartVIISectionAGrp/PersonNm	8	ANGELA MAGRAMES
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	0	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	1	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	2	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	3	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	4	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	5	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	6	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	7	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt	8	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	0	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	1	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	2	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	3	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	4	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	5	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	6	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	7	0
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt	8	0
IRS990/Form990PartVIISectionAGrp/TitleTxt	0	PRESIDENT
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
IRS990/Form990PartVIISectionAGrp/TitleTxt	6	DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt	7	DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt	8	DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd	0	1
IRS990/FormationYr	0	1989
IRS990/FormerOfcrEmployeesListedInd	0	0
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd	0	X
IRS990/FSAuditedInd	0	1
IRS990/FundraisingActivitiesInd	0	0
IRS990/GamingActivitiesInd	0	0
IRS990/GoverningBodyVotingMembersCnt	0	9
IRS990/GovernmentGrantsAmt	0	350969
IRS990/GrantsToIndividualsInd	0	0
IRS990/GrantsToOrganizationsInd	0	0
IRS990/GrantToRelatedPersonInd	0	0
IRS990/GrossReceiptsAmt	0	527349
IRS990/GroupReturnForAffiliatesInd	0	0
IRS990/IncludeFIN48FootnoteInd	0	1
IRS990/IndependentAuditFinclStmtInd	0	1
IRS990/IndependentVotingMemberCnt	0	9
IRS990/IndivRcvdGreaterThan100KCnt	0	0
IRS990/IndoorTanningServicesInd	0	0
IRS990/InfoInScheduleOPartIIIInd	0	X
IRS990/InfoInScheduleOPartVIIInd	0	X
IRS990/InfoInScheduleOPartVIInd	0	X
IRS990/InfoInScheduleOPartXIIInd	0	X
IRS990/InsuranceGrp/ManagementAndGeneralAmt	0	1622
IRS990/InsuranceGrp/ProgramServicesAmt	0	20902
IRS990/InsuranceGrp/TotalAmt	0	22524
IRS990/IntangibleAssetsGrp/BOYAmt	0	101321
IRS990/IntangibleAssetsGrp/EOYAmt	0	98087
IRS990/InterestGrp/ManagementAndGeneralAmt	0	134
IRS990/InterestGrp/ProgramServicesAmt	0	101264
IRS990/InterestGrp/TotalAmt	0	101398
IRS990/InvestmentIncomeGrp/ExclusionAmt	0	348
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt	0	348
IRS990/InvestmentInJointVentureInd	0	0
IRS990/InvestmentsProgramRelatedGrp/BOYAmt	0	497151
IRS990/InvestmentsProgramRelatedGrp/EOYAmt	0	469443
IRS990/IRPDocumentCnt	0	0
IRS990/IRPDocumentW2GCnt	0	0
IRS990/LandBldgEquipAccumDeprecAmt	0	1124795
IRS990/LandBldgEquipBasisNetGrp/BOYAmt	0	1400204
IRS990/LandBldgEquipBasisNetGrp/EOYAmt	0	1357234
IRS990/LandBldgEquipCostOrOtherBssAmt	0	2482029
IRS990/LegalDomicileStateCd	0	IN
IRS990/LoanOutstandingInd	0	0
IRS990/LobbyingActivitiesInd	0	0
IRS990/LocalChaptersInd	0	0
IRS990/MaterialDiversionOrMisuseInd	0	0
IRS990/MembersOrStockholdersInd	0	0
IRS990/MethodOfAccountingAccrualInd	0	X
IRS990/MinutesOfCommitteesInd	0	1
IRS990/MinutesOfGoverningBodyInd	0	1
IRS990/MissionDesc	0	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.
IRS990/MoreThan5000KToIndividualsInd	0	0
IRS990/MoreThan5000KToOrgInd	0	0
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt	0	2490197
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt	0	2447053
IRS990/NetAssetsOrFundBalancesBOYAmt	0	-444777
IRS990/NetAssetsOrFundBalancesEOYAmt	0	-459103
IRS990/NetUnrelatedBusTxblIncmAmt	0	0
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt	0	-444777
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt	0	-459103
IRS990/NoListedPersonsCompensatedInd	0	X
IRS990/NondeductibleContributionsInd	0	0
IRS990/OccupancyGrp/ProgramServicesAmt	0	157776
IRS990/OccupancyGrp/TotalAmt	0	157776
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt	0	3783
IRS990/OfficeExpensesGrp/ProgramServicesAmt	0	67
IRS990/OfficeExpensesGrp/TotalAmt	0	3850
IRS990/OfficerMailingAddressInd	0	0
IRS990/OperateHospitalInd	0	0
IRS990/Organization501c3Ind	0	X
IRS990/OrganizationFollowsFASB117Ind	0	X
IRS990/OtherAssetsTotalGrp/BOYAmt	0	18482
IRS990/OtherAssetsTotalGrp/EOYAmt	0	17167
IRS990/OtherChangesInNetAssetsAmt	0	0
IRS990/OtherExpensesGrp/Desc	0	MANAGEMENT COMPANY EMPL
IRS990/OtherExpensesGrp/Desc	1	SERVICE COORDINATOR
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt	0	38910
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt	1	15383
IRS990/OtherExpensesGrp/ProgramServicesAmt	0	41022
IRS990/OtherExpensesGrp/ProgramServicesAmt	1	45965
IRS990/OtherExpensesGrp/TotalAmt	0	79932
IRS990/OtherExpensesGrp/TotalAmt	1	61348
IRS990/OtherLiabilitiesGrp/BOYAmt	0	18423
IRS990/OtherLiabilitiesGrp/EOYAmt	0	17133
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	9410
IRS990/OtherRevenueMiscGrp/ExclusionAmt	1	2373
IRS990/OtherRevenueMiscGrp/ExclusionAmt	2	516
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt	0	9410
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt	1	2373
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt	2	516
IRS990/OtherRevenueTotalAmt	0	12299
IRS990/PartialLiquidationInd	0	0
IRS990/PoliticalCampaignActyInd	0	0
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt	0	17555
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt	0	21326
IRS990/PrincipalOfficerNm	0	ANGELO KOSTARIDES
IRS990/ProfessionalFundraisingInd	0	0
IRS990/ProgramServiceRevenueGrp/BusinessCd	0	531110
IRS990/ProgramServiceRevenueGrp/Desc	0	RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	0	163733
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	0	163733
IRS990/ProhibitedTaxShelterTransInd	0	0
IRS990/PYBenefitsPaidToMembersAmt	0	0
IRS990/PYContributionsGrantsAmt	0	347454
IRS990/PYExcessBenefitTransInd	0	0
IRS990/PYGrantsAndSimilarPaidAmt	0	0
IRS990/PYInvestmentIncomeAmt	0	330
IRS990/PYOtherExpensesAmt	0	522294
IRS990/PYOtherRevenueAmt	0	2888
IRS990/PYProgramServiceRevenueAmt	0	162682
IRS990/PYRevenuesLessExpensesAmt	0	-8940
IRS990/PYSalariesCompEmpBnftPaidAmt	0	0
IRS990/PYTotalExpensesAmt	0	522294
IRS990/PYTotalProfFndrsngExpnsAmt	0	0
IRS990/PYTotalRevenueAmt	0	513354
IRS990/QuidProQuoContributionsInd	0	0
IRS990/ReconcilationRevenueExpnssAmt	0	-14326
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	163733
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	350969
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt	0	347454
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt	0	298844
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt	0	256459
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt	0	292900
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	1546626
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt	0	348
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt	0	330
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	199
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	299
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	387
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	1563
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	163733
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt	0	162682
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	147506
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt	0	385415
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt	0	240669
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	1100005
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt	0	348
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt	0	330
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt	0	199
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt	0	299
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt	0	387
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	1563
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00060
IRS990ScheduleA/InvestmentIncomePYPct	0	0.00050
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt	0	12299
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt	0	2887
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	1167
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	2166
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	6247
IRS990ScheduleA/OtherIncome509Grp/TotalAmt	0	24766
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	0.99010
IRS990ScheduleA/PublicSupportPY509Pct	0	0.99380
IRS990ScheduleA/PublicSupportTotal509Amt	0	2646631
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt	0	0
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	514702
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	510136
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	446350
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	641874
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	533569
IRS990ScheduleA/Total509Grp/TotalAmt	0	2646631
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	527349
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	513353
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	447716
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	644339
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	540203
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	2672960
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	1242648
IRS990ScheduleD/BuildingsGrp/DepreciationAmt	0	799981
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt	0	2042629
IRS990ScheduleD/EquipmentGrp/BookValueAmt	0	57097
IRS990ScheduleD/EquipmentGrp/DepreciationAmt	0	100372
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt	0	157469
IRS990ScheduleD/ExpensesNotReportedAmt	0	0
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt	0	0
IRS990ScheduleD/ExpensesSubtotalAmt	0	541675
IRS990ScheduleD/FootnoteTextInd	0	X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt	0	39464
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt	1	429979
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc	0	ESCROW DEPOSITS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc	1	RESERVE FOR REPLACEMENTS FUND
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd	0	C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd	1	C
IRS990ScheduleD/LandGrp/BookValueAmt	0	16900
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt	0	16900
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt	0	40589
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt	0	224442
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt	0	265031
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	0	17109
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	527349
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	1357234
IRS990ScheduleD/TotalBookValueProgramRltdAmt	0	469443
IRS990ScheduleD/TotalExpensesPerForm990Amt	0	541675
IRS990ScheduleD/TotalLiabilityAmt	0	17133
IRS990ScheduleD/TotalRevenuePerForm990Amt	0	527349
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt	0	527349
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt	0	541675
IRS990/ScheduleJRequiredInd	0	0
IRS990/ScheduleORequiredInd	0	1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	THE FOLLOWING BOARD 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 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	3	THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	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	5	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 B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	4	FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	5	FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd	0	0
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd	0	0
IRS990ScheduleR/AssetSaleToOtherOrgInd	0	0
IRS990ScheduleR/DivRelatedOrganizationInd	0	0
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd	0	0
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd	0	0

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.

Open filing

Assets: $2,033,034
Liabilities: $2,492,137
Net assets: -$459,103
Revenue: $527,349
Expenses: $541,675
Net income: -$14,326

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net 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