Liabilities / Assets
95th percentile
Higher debt load relative to assets than 95% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
1.29x
Liabilities / Revenue
92nd percentile
Higher debt load relative to revenue than 92% of similar nonprofits.
Net Margin
72nd percentile
Higher net margin than 72% of similar nonprofits.
Top Officer Pay
35th percentile
Higher top officer pay than 35% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
50th percentile
Faster asset growth than 50% of similar nonprofits.
Revenue Growth
38th percentile
Faster revenue growth than 38% of similar nonprofits.
Balance Sheet
Assets
Up$1,986,836
Up $27,107 (+1.4%) from 2015
Net Assets
Up-$573,420
Up $104,196 (+15%) from 2015
Liabilities
Down$2,560,256
Down $77,089 (-2.9%) from 2015
Revenue And Expenses
Revenue
Down$872,913
Down $11,055 (-1.3%) from 2015
Expenses
Down$768,717
Down $91,308 (-11%) from 2015
Net Income
Up$104,196
Up $80,253 (+335%) from 2015
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2015 to Jun 30, 2016
- Signed
- Apr 24, 2017
- Return Version
- 2015v3.0
- Gross Receipts
- $872,913
Mission and Program Overview
Mission
Ahepa 371, inc. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of michigan. The corporation was organized to own and operate a 79-unit apartment community in harrison township, michigan, known as ahepa 371 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 | $1,560,308 | $1,560,308 | → $0 |
| Investments Program Related | $350,703 | $330,368 | ▼ $20,335 |
| Cash and Non-Interest-Bearing Accounts | $3,152 | $43,190 | ▲ $40,038 |
| Prepaid Expenses and Deferred Charges | $15,546 | $14,992 | ▼ $554 |
| Accounts Receivable | $0 | $7,955 | ▲ $7,955 |
| Total Assets | $1,959,729 | $1,986,836 | ▲ $27,107 |
| Other Assets Total | $30,020 | $30,023 | ▲ $3 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $2,556,395 | $2,480,139 | ▼ $76,256 |
| Accounts Payable and Accrued Expenses | $52,671 | $52,031 | ▼ $640 |
| Other Liabilities | $28,279 | $28,086 | ▼ $193 |
| Total Liabilities | $2,637,345 | $2,560,256 | ▼ $77,089 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $-677,616 | $-573,420 | ▲ $104,196 |
| Total Net Assets Fund Balance | $-677,616 | $-573,420 | ▲ $104,196 |
| Total Liabilities and Net Assets / Fund Balance | $1,959,729 | $1,986,836 | ▲ $27,107 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $1,154,198 | $1,901,943 | $3,056,141 |
| Land | $389,862 | - | $389,862 |
| Equipment | $16,248 | $307,565 | $323,813 |
| Leasehold Improvements | $0 | $115,220 | $115,220 |
| Investment Program Related Org | $10,637 | - | - |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| John N Hatzis | President |
| Lou Kircos | Second Vice President |
| George S Gazepis | Vice President |
| Aristotle D Theodorou | Director |
| Mike Roustemis | Director |
| Nicholas S Cheolas | Director |
| Robert Dewaele | Director |
| George Petrouleas | Secretary |
| Louis Theros | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $578,152
- Program Service Revenue
- $291,313
- Investment Income
- $1,276
- Other Revenue
- $2,172
- Change in Net Assets
- $104,196
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $872,913
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $0
- Total Revenue per Audited Statements
- $872,913
- Total Revenue per Form 990
- $872,913
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $768,717 |
| 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 | $493,872 | - | - | $493,872 |
| Other Expenses | $69,470 | - | - | $69,470 |
| Fees for Services Management | - | $37,920 | - | $37,920 |
| Fees for Services Accounting | - | $13,739 | - | $13,739 |
| Office Expenses | - | $11,840 | - | $11,840 |
| Insurance | - | $5,123 | - | $5,123 |
| Information Technology | - | $4,423 | - | $4,423 |
| Conferences and Meetings | - | $2,503 | - | $2,503 |
| Advertising | - | $725 | - | $725 |
| Total Functional Expenses | $692,444 | $76,273 | $0 | $768,717 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $768,717 |
| Total Expenses per Audited Statements | $768,717 |
| Total Expenses per Form 990 | $768,717 |
| 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
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Tenant Security Deposits | $28,086 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Audit committee
- Yes
- 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 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 A, Line 7A
“Election of directors; four members of the board shall be elected every two years. The members of each of the the two chapters of the order of ahepa that comprise membership herein shall elect two members of the board. The four elected members of the board shall serve two years.”
Form 990, Part VI, Section B, Line 11
“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 371 Inc
- EIN
- 38-2742386
- Phone
- 8104654540
- Address
- 26700 CROCKER BOULEVARD, HARRISON TOWNSHIP, MI 48045
Signing Officer
- Name
- John N Hatzis
- Title
- President
- Phone
- 8104654540
- Signed
- 2017-04-24
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- John N Hatzis
- Formed
- 1986
- Legal Domicile
- Mi
- Voting Board Members
- 9
- Independent Board Members
- 9
- Employees
- 0
- Volunteers
- 0
Preparer
- Firm
- DAUBY O'CONNOR & ZALESKI LLC
- Address
- 501 CONGRESSIONAL BLVD STE 300, CARMEL, IN 46032
- Preparer
- Kyle Waldman
- 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 1,546 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/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECOND VICE PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
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| IRS990/FormationYr | 0 | 1986 |
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| IRS990/MissionDesc | 0 | AHEPA 371, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF MICHIGAN. THE CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 79-UNIT APARTMENT COMMUNITY IN HARRISON TOWNSHIP, MICHIGAN, KNOWN AS AHEPA 371 APARTMENTS, PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED. THE SPONSOR OF THE CORPORATION IS AHEPA NATIONAL HOUSING CORPORATION. |
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| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 2480139 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | -677616 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | -573420 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 493872 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 493872 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 11840 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 11840 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 30020 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 30023 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | MANAGEMENT COMPANY EMPL |
| IRS990/OtherExpensesGrp/Desc | 1 | SERVICE COORDINATOR |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 129102 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 69470 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 129102 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 69470 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 28279 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 28086 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 531110 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 1 | 531110 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 2 | 531110 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | LAUNDRY & VENDING |
| IRS990/OtherRevenueMiscGrp/Desc | 1 | TENANT CHARGES |
| IRS990/OtherRevenueMiscGrp/Desc | 2 | MISCELLANEOUS INCOME |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 948 |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 1 | 624 |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 2 | 600 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 948 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 1 | 624 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 2 | 600 |
| IRS990/OtherRevenueTotalAmt | 0 | 2172 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 15546 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 14992 |
| IRS990/PrincipalOfficerNm | 0 | JOHN N HATZIS |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 531110 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | RENTAL INCOME |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 291313 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 291313 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 589082 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 371 |
| IRS990/PYOtherExpensesAmt | 0 | 860025 |
| IRS990/PYOtherRevenueAmt | 0 | 5165 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 289350 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 23943 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 860025 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 883968 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 104196 |
| 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 | 291313 |
| 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 | 578152 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 589082 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 592585 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 600018 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 571843 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 2931680 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 1276 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 371 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 124 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 481 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 256 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 2508 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 291313 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 289350 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 281190 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 281855 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 275401 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 1419109 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 1276 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 371 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 124 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 481 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 256 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 2508 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00060 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00040 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt | 0 | 2172 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 5165 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 2459 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1540 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 2363 |
| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 13699 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.99630 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.98530 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 4350789 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 869465 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 878432 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 873775 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 881873 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 847244 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 4350789 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 872913 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 883968 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 876358 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 883894 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 849863 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 4366996 |
| 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 | 1154198 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 1901943 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 3056141 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 16248 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 307565 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 323813 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 768717 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 0 | 28265 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 1 | 249714 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 2 | 41752 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 3 | 10637 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 0 | ESCROW DEPOSITS |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 1 | RESERVE FOR REPLACEMENTS FUND |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 2 | PAINTING RESERVE |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 3 | RESIDUAL RECEIPTS FUND |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 0 | C |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 1 | C |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 2 | C |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 3 | C |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 389862 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 389862 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 0 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 115220 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 115220 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 28086 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | TENANT SECURITY DEPOSITS |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 872913 |
| 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 | 1560308 |
| IRS990ScheduleD/TotalBookValueProgramRltdAmt | 0 | 330368 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 768717 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 28086 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 872913 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 872913 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 768717 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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 | 1 | ELECTION OF DIRECTORS; FOUR MEMBERS OF THE BOARD SHALL BE ELECTED EVERY TWO YEARS. THE MEMBERS OF EACH OF THE THE TWO CHAPTERS OF THE ORDER OF AHEPA THAT COMPRISE MEMBERSHIP HEREIN SHALL ELECT TWO MEMBERS OF THE BOARD. THE FOUR ELECTED MEMBERS OF THE BOARD SHALL SERVE TWO YEARS. |
| 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 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 11 |
| 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 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd | 1 | 0 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd | 2 | 0 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt | 0 | AHEPA 310 INC |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt | 1 | AHEPA AFFORDABLE HOUSING MANAGEMENT COMPANY INC |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt | 2 | AHEPA AFFORDABLE HOUSING MANAGEMENT COMPANY INC |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2016 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $1,986,836
- Liabilities
- $2,560,256
- Net assets
- -$573,420
- Revenue
- $872,913
- Expenses
- $768,717
- Net income
- $104,196