Ahepa 133 Penelope 55 Inc

“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.”

“The directors of the corporation shall, at all times, be limited to individuals who are either members of ahepa chapter 13 or daughters of penelope chapter 55 or nonmembers who have the approval of the board of directors of the said sponsoring organizations. In the event that a director of the corporation ceases to be a member of ahepa chapter 13 or daughters of penelope chapter 55 or, if the aforesaid approval is withdrawn, then, in either event, such shall constitute automatic resignation as a director of the corporation.”

“A draft of the return is sent to the management company. The management company forwards a copy of the return to each board member for their comments prior to filing.”

“The form 990 and all related financial and policy information are made available to the public upon written request.”

“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.”

“The return is being amended to file the correct annual form. A 990-n had been filed for this entity for the year ended december 31, 2013. However, the entity was required to file form 990, as their total assets exceeded the filing requirement for a 990-ez, thus disallowing a 990-n filing. Therefore, we are amending this return and filing a form 990. No additional changes are present on the return.”