Civic Intelligence

Ahepa 310-X Inc.

990 • Fiscal year 2022 • EIN 36-4528066

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 18, 2023

2550 Hillcrest Road No C-1Mobile, AL 36695

(251) 210-1095

Siviq Scores

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

Liabilities / Assets

37th percentile

0.02x

Higher debt load relative to assets than 37% of similar nonprofits.

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

Liabilities / Revenue

52nd percentile

0.09x

Higher debt load relative to revenue than 52% of similar nonprofits.

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

Net Margin

16th percentile

-17%

Higher net margin than 16% of similar nonprofits.

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

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.

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

Asset Growth

33rd percentile

-3.9%

Faster asset growth than 33% of similar nonprofits.

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

Revenue Growth

42nd percentile

1.0%

Faster revenue growth than 42% of similar nonprofits.

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

Assets

Down

$2,602,101

Down $106,098 (-3.9%) from 2021

Net Assets

Down

$2,548,474

Down $99,671 (-3.8%) from 2021

Liabilities

Down

$53,627

Down $6,427 (-11%) from 2021

Revenue

Up

$573,499

Up $5,478 (+1.0%) from 2021

Expenses

Up

$673,170

Up $57,512 (+9.3%) from 2021

Net Income

Down

-$99,671

Down $52,034 (-109%) from 2021

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 2011: $3,533,747Liabilities 2011: $4,215,416Net Assets 2011: -$681,6692011Assets 2012: $3,466,889Liabilities 2012: $4,227,005Net Assets 2012: -$760,1162012Assets 2013: $3,387,599Liabilities 2013: $4,235,874Net Assets 2013: -$848,2752013Assets 2014: $3,305,475Liabilities 2014: $4,220,380Net Assets 2014: -$914,9052014Assets 2015: $3,221,296Liabilities 2015: $4,213,846Net Assets 2015: -$992,5502015Assets 2016: $3,105,345Liabilities 2016: $4,216,504Net Assets 2016: -$1,111,1592016Assets 2017: $3,008,076Liabilities 2017: $4,222,928Net Assets 2017: -$1,214,8522017Assets 2018: $2,952,850Liabilities 2018: $4,279,969Net Assets 2018: -$1,327,1192018Assets 2019: $2,817,630Liabilities 2019: $4,232,125Net Assets 2019: -$1,414,4952019Assets 2020: $2,790,602Liabilities 2020: $94,818Net Assets 2020: $2,695,7842020Assets 2021: $2,708,199Liabilities 2021: $60,054Net Assets 2021: $2,648,1452021Assets 2022: $2,602,101Liabilities 2022: $53,627Net Assets 2022: $2,548,4742022Assets 2023: $2,588,161Liabilities 2023: $66,917Net Assets 2023: $2,521,2442023Assets 2024: $2,563,848Liabilities 2024: $62,872Net Assets 2024: $2,500,9762024

Highlighted filing

2022

Assets$2,602,101
Liabilities$53,627
Net Assets$2,548,474

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $530,6552011Expenses 2012: $557,9282012Expenses 2013: $566,6692013Revenue 2014: $480,333Expenses 2014: $546,963Net Income 2014: -$66,6302014Revenue 2015: $477,652Expenses 2015: $555,297Net Income 2015: -$77,6452015Revenue 2016: $476,813Expenses 2016: $595,422Net Income 2016: -$118,6092016Revenue 2017: $481,481Expenses 2017: $585,174Net Income 2017: -$103,6932017Revenue 2018: $476,899Expenses 2018: $589,166Net Income 2018: -$112,2672018Revenue 2019: $488,219Expenses 2019: $575,595Net Income 2019: -$87,3762019Revenue 2020: $537,204Expenses 2020: $576,025Net Income 2020: -$38,8212020Revenue 2021: $568,021Expenses 2021: $615,658Net Income 2021: -$47,6372021Revenue 2022: $573,499Expenses 2022: $673,170Net Income 2022: -$99,6712022Revenue 2023: $595,496Expenses 2023: $622,726Net Income 2023: -$27,2302023Revenue 2024: $665,381Expenses 2024: $685,649Net Income 2024: -$20,2682024

Highlighted filing

2022

Revenue$573,499
Expenses$673,170
Net Income-$99,671
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 18, 2023
Return Version
2021v4.2
Gross Receipts
$573,499
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,288,026$2,186,556▼ $101,470
Prepaid Expenses and Deferred Charges$31,341$31,200▼ $141
Accounts Receivable$28,636$12,920▼ $15,716
Cash and Non-Interest-Bearing Accounts$151$2,013▲ $1,862
Total Assets$2,708,199$2,602,101▼ $106,098
Other Assets Total$360,045$369,412▲ $9,367
Liabilities
Accounts Payable and Accrued Expenses$39,459$32,463▼ $6,996
Other Liabilities$20,414$18,110▼ $2,304
Deferred Revenue$181$3,054▲ $2,873
Total Liabilities$60,054$53,627▼ $6,427
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,648,145$2,548,474▼ $99,671
Total Net Assets Fund Balance$2,648,145$2,548,474▼ $99,671
Total Liabilities and Net Assets / Fund Balance$2,708,199$2,602,101▼ $106,098

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,902,263$1,810,393$3,712,656
Land$265,555-$265,555
Other Land Buildings$0$185,758$185,758
Equipment$18,738$103,682$122,420
Other Assets Org$66,693--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Christ CoumanisPresident
James LignosVice President
Jim PafudakisDirector
John MoralisDirector
Michael HartzesDirector
Michael KaravokirosDirector
Nick TsounisDirector
Paul PlatisDirector
Terry PalaymoytisDirector
Tommy LutherDirector
Dale GreensteinSecretary
Bobby ForopoulosTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$571,470
Investment Income
$4
Other Revenue
$2,025
Change in Net Assets
$-99,671

Audited Revenue Reconciliation

Revenue per Audited Statements
$573,499
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$573,499
Total Revenue per Form 990
$573,499
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$673,170
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$101,470--$101,470
Insurance$55,963--$55,963
Occupancy$47,328--$47,328
Fees for Services Management-$35,073-$35,073
All Other Expenses$22,940--$22,940
Fees for Services Accounting-$12,394-$12,394
Other Expenses$10,939--$10,939
Fees for Services Legal$6,787--$6,787
Information Technology$6,689--$6,689
Conferences and Meetings-$4,629-$4,629
Office Expenses$3,964--$3,964
Advertising$391--$391
Travel$244--$244
Interest$3--$3
Total Functional Expenses$621,074$52,096$0$673,170

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$673,170
Total Expenses per Audited Statements$673,170
Total Expenses per Form 990$673,170
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$18,110
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 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 310-x Inc
EIN
36-4528066
Phone
2512101095
Address
2550 HILLCREST ROAD NO C-1, MOBILE, AL 36695

Signing Officer

Name
Christ N Coumanis
Title
President
Phone
2512101095
Signed
2023-04-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christ N Coumanis
Formed
2003
Legal Domicile
Al
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
12

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, 2022 and 2021. 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, 2022 and 2021.

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IRS990/OtherAssetsTotalGrp/BOYAmt0360045
IRS990/OtherAssetsTotalGrp/EOYAmt0369412
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MANAGEMENT EXPENSE STAF
IRS990/OtherExpensesGrp/Desc1CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc2SERVICE COORDINATOR EXP
IRS990/OtherExpensesGrp/Desc3REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/ProgramServicesAmt0166359
IRS990/OtherExpensesGrp/ProgramServicesAmt1148226
IRS990/OtherExpensesGrp/ProgramServicesAmt249771
IRS990/OtherExpensesGrp/ProgramServicesAmt310939
IRS990/OtherExpensesGrp/TotalAmt0166359
IRS990/OtherExpensesGrp/TotalAmt1148226
IRS990/OtherExpensesGrp/TotalAmt249771
IRS990/OtherExpensesGrp/TotalAmt310939
IRS990/OtherLiabilitiesGrp/BOYAmt020414
IRS990/OtherLiabilitiesGrp/EOYAmt018110
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt02025
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02025
IRS990/OtherRevenueTotalAmt02025
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt031341
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt031200
IRS990/PrincipalOfficerNm0CHRIST N COUMANIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE HUD
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0366641
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1204829
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0366641
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1204829
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0149
IRS990/PYOtherExpensesAmt0615658
IRS990/PYOtherRevenueAmt05272
IRS990/PYProgramServiceRevenueAmt0562600
IRS990/PYRevenuesLessExpensesAmt0-47637
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0615658
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0568021
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-99671
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0571470
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/CurrentTaxYearAmt04
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0149
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04629
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt06546
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01534
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt012862
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0571470
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0562600
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0518837
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0478649
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0473930
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02605486
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0149
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04629
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt06546
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01534
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt012862
IRS990ScheduleA/InvestmentIncomeCYPct00.00490
IRS990ScheduleA/InvestmentIncomePYPct00.00530
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt02025
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt05272
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt013738
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03024
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01435
IRS990ScheduleA/OtherIncome509Grp/TotalAmt025494
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98550
IRS990ScheduleA/PublicSupportPY509Pct00.98450
IRS990ScheduleA/PublicSupportTotal509Amt02605486
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0571470
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0562600
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0518837
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0478649
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0473930
IRS990ScheduleA/Total509Grp/TotalAmt02605486
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0573499
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0568021
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0537204
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0488219
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0476899
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02643842
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01902263
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01810393
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03712656
IRS990ScheduleD/EquipmentGrp/BookValueAmt018738
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0103682
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0122420
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0673170
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0265555
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0265555
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0282287
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt120432
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt266693
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSIT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0185758
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0185758
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018110
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0573499
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, 2022 AND 2021. 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, 2022 AND 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02186556
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0369412
IRS990ScheduleD/TotalExpensesPerForm990Amt0673170
IRS990ScheduleD/TotalLiabilityAmt018110
IRS990ScheduleD/TotalRevenuePerForm990Amt0573499
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0573499
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0673170
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/ExplanationTxt1THE 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/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/ExplanationTxt5THE PROCESS IS CONSISTENT WITH PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
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/FormAndLineReferenceDesc5PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.56$0.06$2.50$0.67$0.69$0.02
2023Detailed filing. Detailed filing data is available for this year.$2.59$0.07$2.52$0.60$0.62$0.03
2022Detailed filing. Detailed filing data is available for this year.$2.60$0.05$2.55$0.57$0.67$0.10
2021Detailed filing. Detailed filing data is available for this year.$2.71$0.06$2.65$0.57$0.62$0.05
2020Detailed filing. Detailed filing data is available for this year.$2.79$0.09$2.70$0.54$0.58$0.04
2019Detailed filing. Detailed filing data is available for this year.$2.82$4.23$1.41$0.49$0.58$0.09
2018Detailed filing. Detailed filing data is available for this year.$2.95$4.28$1.33$0.48$0.59$0.11
2017Detailed filing. Detailed filing data is available for this year.$3.01$4.22$1.21$0.48$0.59$0.10
2016Detailed filing. Detailed filing data is available for this year.$3.11$4.22$1.11$0.48$0.60$0.12
2015Detailed filing. Detailed filing data is available for this year.$3.22$4.21$0.99$0.48$0.56$0.08
2014Detailed filing. Detailed filing data is available for this year.$3.31$4.22$0.91$0.48$0.55$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.39$4.24$0.85$0.57
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.47$4.23$0.76$0.56
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.53$4.22$0.68$0.53