Civic Intelligence

Ahepa 192 Inc.

990 • Fiscal year 2021 • EIN 42-1329782

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 27, 2022

6190 NW 59th CourtJohnston, IA 50131

(515) 276-6766

Siviq Scores

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

Liabilities / Assets

98th percentile

1.63x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

96th percentile

4.78x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

47th percentile

11%

Higher net margin than 47% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

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.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

11th percentile

-6.5%

Faster asset growth than 11% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

37th percentile

2.7%

Faster revenue growth than 37% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$1,772,266

Down $122,309 (-6.5%) from 2020

Net Assets

Up

-$1,112,365

Up $66,597 (+5.6%) from 2020

Liabilities

Down

$2,884,631

Down $188,906 (-6.1%) from 2020

Revenue

Up

$604,077

Up $15,811 (+2.7%) from 2020

Expenses

Down

$537,479

Down $73,810 (-12%) from 2020

Net Income

Up

$66,598

Up $89,621 (+389%) from 2020

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

2021

Assets$1,772,266
Liabilities$2,884,631
Net Assets-$1,112,365

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

2021

Revenue$604,077
Expenses$537,479
Net Income$66,598
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 27, 2022
Return Version
2020v4.2
Gross Receipts
$604,077
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$1,457,191$1,391,113▼ $66,078
Prepaid Expenses and Deferred Charges$28,661$26,571▼ $2,090
Cash and Non-Interest-Bearing Accounts$1,379$8,400▲ $7,021
Accounts Receivable$1,583$245▼ $1,338
Total Assets$1,774,721$1,772,266▼ $2,455
Other Assets Total$285,907$345,937▲ $60,030
Liabilities
Unsecured Notes Loans Payable$2,868,180$2,834,652▼ $33,528
Accounts Payable and Accrued Expenses$62,221$25,847▼ $36,374
Other Liabilities$22,469$23,322▲ $853
Deferred Revenue$814$810▼ $4
Total Liabilities$2,953,684$2,884,631▼ $69,053
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,178,963$-1,112,365▲ $66,598
Total Net Assets Fund Balance$-1,178,963$-1,112,365▲ $66,598
Total Liabilities and Net Assets / Fund Balance$1,774,721$1,772,266▼ $2,455

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,065,337$2,143,425$3,208,762
Equipment$166,639$45,447$212,086
Land$159,137-$159,137
Other Assets Org$32,542--
Compensation and Service Providers

Board Members and Trustees

NameTitle
James KarthanPresident
Theodore VelmanVice President
George ChristDirector
George HatzigiannakisDirector
Leon SpanosDirector
Patrick ZaimesDirector
Peter CadeDirector
S Christy KarthanDirector
Zack ZazasDirector
Elias KarthanSecretary
Christopher AxiotisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$598,406
Investment Income
$73
Other Revenue
$5,598
Change in Net Assets
$66,598

Audited Revenue Reconciliation

Revenue per Audited Statements
$604,077
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$604,077
Total Revenue per Form 990
$604,077
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$537,479
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
Interest$150,403--$150,403
Depreciation Depletion$66,078--$66,078
Occupancy$39,624--$39,624
Insurance$34,087--$34,087
Fees for Services Management-$29,476-$29,476
All Other Expenses$12,551--$12,551
Fees for Services Accounting-$12,188-$12,188
Other Expenses$8,204--$8,204
Information Technology$5,572--$5,572
Office Expenses$1,386--$1,386
Fees for Services Legal$570--$570
Conferences and Meetings-$169-$169
Total Functional Expenses$495,646$41,833$0$537,479

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$537,479
Total Expenses per Audited Statements$537,479
Total Expenses per Form 990$537,479
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$23,322
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: christy karthan (director), james l. Karthan (president), elias d. Karthan (secretary).

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 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.

Form 990, 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 192 Inc
EIN
42-1329782
Phone
5152766766
Address
6190 NW 59TH COURT, JOHNSTON, IA 50131

Signing Officer

Name
James Karthan
Title
President
Phone
5152766766
Signed
2022-04-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Karthan
Formed
1990
Legal Domicile
Ia
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
11

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

Form 990, 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, 2021 and 2020. 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, 2021 and 2020.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/OccupancyGrp/TotalAmt039624
IRS990/OfficeExpensesGrp/ProgramServicesAmt01386
IRS990/OfficeExpensesGrp/TotalAmt01386
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0285907
IRS990/OtherAssetsTotalGrp/EOYAmt0345937
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MANAGEMENT EXPENSE STAF
IRS990/OtherExpensesGrp/Desc1CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc2SERVICE COORDINATOR EXP
IRS990/OtherExpensesGrp/Desc3SNOW REMOVAL
IRS990/OtherExpensesGrp/ProgramServicesAmt0121435
IRS990/OtherExpensesGrp/ProgramServicesAmt133783
IRS990/OtherExpensesGrp/ProgramServicesAmt221953
IRS990/OtherExpensesGrp/ProgramServicesAmt38204
IRS990/OtherExpensesGrp/TotalAmt0121435
IRS990/OtherExpensesGrp/TotalAmt133783
IRS990/OtherExpensesGrp/TotalAmt221953
IRS990/OtherExpensesGrp/TotalAmt38204
IRS990/OtherLiabilitiesGrp/BOYAmt022469
IRS990/OtherLiabilitiesGrp/EOYAmt023322
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt05598
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05598
IRS990/OtherRevenueTotalAmt05598
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt028661
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt026571
IRS990/PrincipalOfficerNm0JAMES KARTHAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE HUD
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0356805
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1241601
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0356805
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1241601
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-8568
IRS990/PYOtherExpensesAmt0611289
IRS990/PYOtherRevenueAmt020173
IRS990/PYProgramServiceRevenueAmt0576661
IRS990/PYRevenuesLessExpensesAmt0-23023
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0611289
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0588266
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt066598
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0598406
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/FormAndLineReferenceDesc0FORM 990, SCHEDULE A, PART III, LINE 12
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt073
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0389
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0516
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt044
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt068
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01090
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0598406
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0576661
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0574527
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0554978
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0565968
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02870540
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt073
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0389
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0516
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt044
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt068
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01090
IRS990ScheduleA/InvestmentIncomeCYPct00.00040
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt05598
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt020173
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt015018
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt06200
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt04430
IRS990ScheduleA/OtherIncome509Grp/TotalAmt051419
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98200
IRS990ScheduleA/PublicSupportPY509Pct00.98120
IRS990ScheduleA/PublicSupportTotal509Amt02870540
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0598406
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0576661
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0574527
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0554978
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0565968
IRS990ScheduleA/Total509Grp/TotalAmt02870540
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0604077
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0597223
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0590061
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0561222
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0570466
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02923049
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01065337
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02143425
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03208762
IRS990ScheduleD/EquipmentGrp/BookValueAmt0166639
IRS990ScheduleD/EquipmentGrp/DepreciationAmt045447
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0212086
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0537479
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0159137
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0159137
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0150675
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt119115
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt223393
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt311255
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4108957
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt532542
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE HUD
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PAINTING RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5REPAIRS ESCROW
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt023322
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0604077
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, 2021 AND 2020. 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, 2021 AND 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01391113
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0345937
IRS990ScheduleD/TotalExpensesPerForm990Amt0537479
IRS990ScheduleD/TotalLiabilityAmt023322
IRS990ScheduleD/TotalRevenuePerForm990Amt0604077
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0604077
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0537479
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOLLOWING BOARD MEMBERS HAVE A FAMILY RELATIONSHIP: CHRISTY KARTHAN (DIRECTOR), JAMES L. KARTHAN (PRESIDENT), ELIAS D. KARTHAN (SECRETARY).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/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 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00

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
2021Detailed filing. Detailed filing data is available for this year.$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

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