Civic Intelligence

Ahepa 192 Inc.

990 • Fiscal year 2014 • EIN 42-1329782

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 10, 2014

6190 NW 59th Court50131

(515) 276-6766

Siviq Scores

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

Liabilities / Assets

98th percentile

2.46x

Higher debt load relative to assets than 98% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

96th percentile

4.44x

Higher debt load relative to revenue than 96% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

13th percentile

-19%

Higher net margin than 13% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

14th percentile

-12%

Faster asset growth than 14% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

48th percentile

3.5%

Faster revenue growth than 48% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2014

Assets

Down

$866,698

Down $118,347 (-12%) from 2013

Net Assets

Down

-$1,269,256

Down $91,687 (-7.8%) from 2013

Liabilities

Down

$2,135,954

Down $26,660 (-1.2%) from 2013

Revenue

$481,438

No earlier filing loaded for comparison.

Expenses

Up

$573,125

Up $33,402 (+6.2%) from 2013

Net Income

-$91,687

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2011: $1,161,604Liabilities 2011: $2,180,505Net Assets 2011: -$1,018,9012011Assets 2012: $1,058,071Liabilities 2012: $2,164,562Net Assets 2012: -$1,106,4912012Assets 2013: $985,045Liabilities 2013: $2,162,614Net Assets 2013: -$1,177,5692013Assets 2014: $866,698Liabilities 2014: $2,135,954Net Assets 2014: -$1,269,2562014Assets 2015: $744,282Liabilities 2015: $2,074,609Net Assets 2015: -$1,330,3272015Assets 2016: $678,286Liabilities 2016: $2,019,491Net Assets 2016: -$1,341,2052016Assets 2017: $617,415Liabilities 2017: $1,945,678Net Assets 2017: -$1,328,2632017Assets 2018: $523,486Liabilities 2018: $1,836,007Net Assets 2018: -$1,312,5212018Assets 2019: $2,188,255Liabilities 2019: $3,344,194Net Assets 2019: -$1,155,9392019Assets 2020: $1,894,575Liabilities 2020: $3,073,537Net Assets 2020: -$1,178,9622020Assets 2021: $1,772,266Liabilities 2021: $2,884,631Net Assets 2021: -$1,112,3652021Assets 2022: $1,793,465Liabilities 2022: $2,852,097Net Assets 2022: -$1,058,6322022Assets 2023: $1,766,582Liabilities 2023: $2,831,224Net Assets 2023: -$1,064,6422023Assets 2025: $1,787,804Liabilities 2025: $2,743,492Net Assets 2025: -$955,6882025

Highlighted filing

2014

Assets$866,698
Liabilities$2,135,954
Net Assets-$1,269,256

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $463,648Expenses 2011: $546,392Net Income 2011: -$82,7442011Revenue 2012: $449,071Expenses 2012: $536,661Net Income 2012: -$87,5902012Expenses 2013: $539,7232013Revenue 2014: $481,438Expenses 2014: $573,125Net Income 2014: -$91,6872014Revenue 2015: $487,786Expenses 2015: $548,857Net Income 2015: -$61,0712015Revenue 2016: $555,479Expenses 2016: $566,357Net Income 2016: -$10,8782016Revenue 2017: $570,466Expenses 2017: $557,524Net Income 2017: $12,9422017Revenue 2018: $561,222Expenses 2018: $545,480Net Income 2018: $15,7422018Revenue 2019: $761,526Expenses 2019: $604,944Net Income 2019: $156,5822019Revenue 2020: $588,266Expenses 2020: $611,289Net Income 2020: -$23,0232020Revenue 2021: $604,077Expenses 2021: $537,479Net Income 2021: $66,5982021Revenue 2022: $636,567Expenses 2022: $582,834Net Income 2022: $53,7332022Revenue 2023: $636,470Expenses 2023: $642,480Net Income 2023: -$6,0102023Revenue 2025: $660,684Expenses 2025: $605,497Net Income 2025: $55,1872025

Highlighted filing

2014

Revenue$481,438
Expenses$573,125
Net Income-$91,687
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Oct 10, 2014
Return Version
2013v3.0
Gross Receipts
$481,438
Mission and Program Overview

Mission

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

Ahepa 192, inc. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of iowa. The corporation was organized to own and operate a 60-unit apartment community in johnston, iowa, known as ahepa 192 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
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$784,182$696,907▼ $87,275
Investments Program Related$164,581$143,942▼ $20,639
Prepaid Expenses and Deferred Charges$9,722$0▼ $9,722
Cash and Non-Interest-Bearing Accounts$5,161$3,398▼ $1,763
Accounts Receivable$813$859▲ $46
Total Assets$985,045$866,698▼ $118,347
Other Assets Total$20,586$21,592▲ $1,006
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,023,846$1,975,594▼ $48,252
Accounts Payable and Accrued Expenses$123,266$143,301▲ $20,035
Other Liabilities$15,158$17,059▲ $1,901
Deferred Revenue$344$0▼ $344
Total Liabilities$2,162,614$2,135,954▼ $26,660
Net Assets / Fund Balance
Unrestricted Net Assets$-1,177,569$-1,269,256▼ $91,687
Total Net Assets Fund Balance$-1,177,569$-1,269,256▼ $91,687
Total Liabilities and Net Assets / Fund Balance$985,045$866,698▼ $118,347

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$529,702$1,987,907$2,517,609
Land$159,137-$159,137
Equipment$8,068$113,733$121,801
Leasehold Improvements$0$12,124$12,124
Investment Program Related Org$3,072--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$276,620
Program Service Revenue
$200,653
Investment Income
$118
Other Revenue
$4,047
All Other Contributions
$1,000
Change in Net Assets
$-91,687

Audited Revenue Reconciliation

Revenue per Audited Statements
$481,438
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$481,438
Total Revenue per Form 990
$481,438
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$573,125
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
Occupancy$351,780--$351,780
Depreciation Depletion$93,120--$93,120
Fees for Services Management-$23,794-$23,794
Other Expenses$23,146--$23,146
Fees for Services Accounting-$9,450-$9,450
Office Expenses-$9,286-$9,286
Information Technology-$2,849-$2,849
Insurance-$1,422-$1,422
Fees for Services Legal-$1,020-$1,020
Conferences and Meetings-$403-$403
Advertising-$138-$138
Travel-$65-$65
Total Functional Expenses$524,698$48,427$0$573,125

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$573,125
Total Expenses per Audited Statements$573,125
Total Expenses per Form 990$573,125
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
Tenant Security Deposits$17,059
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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 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

EIN
42-1329782
Phone
5152766766

Signing Officer

Name
James L Karthan
Title
President
Phone
5152766766
Signed
2014-10-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James L Karthan
Formed
1990
Legal Domicile
Ia
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Preparer
Steven R Hise
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.

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IRS990/Form990PartVIISectionAGrp/PersonNm0JAMES L KARTHAN
IRS990/Form990PartVIISectionAGrp/PersonNm1THEODORE T VELMAN
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/LandBldgEquipCostOrOtherBssAmt02810671
IRS990/LegalDomicileStateCd0IA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0AHEPA 192, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF IOWA. THE CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 60-UNIT APARTMENT COMMUNITY IN JOHNSTON, IOWA, KNOWN AS AHEPA 192 APARTMENTS, PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED. THE SPONSOR OF THE CORPORATION IS AHEPA NATIONAL HOUSING CORPORATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02023846
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01975594
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0351780
IRS990/OccupancyGrp/TotalAmt0351780
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09286
IRS990/OfficeExpensesGrp/TotalAmt09286
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt020586
IRS990/OtherAssetsTotalGrp/EOYAmt021592
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MANAGEMENT COMPANY EMPL
IRS990/OtherExpensesGrp/Desc1SERVICE COORDINATOR
IRS990/OtherExpensesGrp/ProgramServicesAmt056652
IRS990/OtherExpensesGrp/ProgramServicesAmt123146
IRS990/OtherExpensesGrp/TotalAmt056652
IRS990/OtherExpensesGrp/TotalAmt123146
IRS990/OtherLiabilitiesGrp/BOYAmt015158
IRS990/OtherLiabilitiesGrp/EOYAmt017059
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY & VENDING
IRS990/OtherRevenueMiscGrp/Desc1TENANT CHARGES
IRS990/OtherRevenueMiscGrp/ExclusionAmt03214
IRS990/OtherRevenueMiscGrp/ExclusionAmt1833
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03214
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1833
IRS990/OtherRevenueTotalAmt04047
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09722
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0JAMES L KARTHAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0200653
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0200653
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0265469
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0161
IRS990/PYOtherExpensesAmt0539723
IRS990/PYOtherRevenueAmt04762
IRS990/PYProgramServiceRevenueAmt0198253
IRS990/PYRevenuesLessExpensesAmt0-71078
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0539723
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0468645
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-91687
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0200653
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS.
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0276620
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0265469
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0254015
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0796104
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0118
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0161
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0262
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0129
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0593
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01263
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0200653
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0198253
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0188966
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0458793
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0453535
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01500200
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0118
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0161
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0262
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0129
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0593
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01263
IRS990ScheduleA/InvestmentIncomeCYPct00.00050
IRS990ScheduleA/InvestmentIncomePYPct00.00110
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt04047
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt04762
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt05828
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt04726
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt05105
IRS990ScheduleA/OtherIncome509Grp/TotalAmt024468
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98890
IRS990ScheduleA/PublicSupportPY509Pct00.98810
IRS990ScheduleA/PublicSupportTotal509Amt02296304
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0477273
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0463722
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0442981
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0458793
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0453535
IRS990ScheduleA/Total509Grp/TotalAmt02296304
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0481438
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0468645
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0449071
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0463648
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0459233
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02322035
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0529702
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01987907
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02517609
IRS990ScheduleD/EquipmentGrp/BookValueAmt08068
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0113733
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0121801
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0573125
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0125853
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt115017
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt23072
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0RESERVE FOR REPLACEMENTS FUND
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1RESIDUAL RECEIPTS FUND
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2ESCROW DEPOSITS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/LandGrp/BookValueAmt0159137
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0159137
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt012124
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt012124
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017059
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0481438
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0696907
IRS990ScheduleD/TotalBookValueProgramRltdAmt0143942
IRS990ScheduleD/TotalExpensesPerForm990Amt0573125
IRS990ScheduleD/TotalLiabilityAmt017059
IRS990ScheduleD/TotalRevenuePerForm990Amt0481438
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0481438
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0573125
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$2.74$0.96$0.66$0.61$0.06
2023Summary only. Only limited summary data is available for this year.$1.77$2.83$1.06$0.64$0.64$0.01
2022Summary only. Only limited summary data is available for this year.$1.79$2.85$1.06$0.64$0.58$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.77$2.88$1.11$0.60$0.54$0.07
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.89$3.07$1.18$0.59$0.61$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.19$3.34$1.16$0.76$0.60$0.16
2018Summary only. Only limited summary data is available for this year.$0.52$1.84$1.31$0.56$0.55$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$1.95$1.33$0.57$0.56$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.68$2.02$1.34$0.56$0.57$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.74$2.07$1.33$0.49$0.55$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.87$2.14$1.27$0.48$0.57$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$2.16$1.18$0.54
2012Summary only. Only limited summary data is available for this year.$1.06$2.16$1.11$0.45$0.54$0.09
2011Summary only. Only limited summary data is available for this year.$1.16$2.18$1.02$0.46$0.55$0.08
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $500k-$1M nonprofits