Civic Intelligence

Ahepa 192-II Inc

EIN 42-1487324 • 501(c)3 • Ankeny, IA

Profile

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

202 SE 30th StAnkeny, IA 50021

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

40th percentile

0.03x

Higher debt load relative to assets than 40% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

54th percentile

0.10x

Higher debt load relative to revenue than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

33rd percentile

-2.4%

Higher net margin than 33% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

33rd percentile

-1.5%

Faster asset growth than 33% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2025

Revenue Growth

42nd percentile

3.3%

Faster revenue growth than 42% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2025

Balance Sheet
Liabilities / Assets40th percentile

Assets

Down

$1,729,214

Down $34,587 (-2.0%) from 2024

Liabilities

Down

$45,188

Down $24,180 (-35%) from 2024

Net Assets

Down

$1,684,026

Down $10,407 (-0.6%) from 2024

Operations
Liabilities / Revenue54th percentileNet Margin33rd percentile

Revenue

Up

$436,322

Up $22,163 (+5.4%) from 2024

Expenses

Up

$446,729

Up $15,460 (+3.6%) from 2024

Net Income

Up

-$10,407

Up $6,703 (+39%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth33rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $2,231,207Liabilities 2011: $2,907,349Net Assets 2011: -$676,1422011Assets 2012: $2,168,653Liabilities 2012: $60,888Net Assets 2012: $2,107,7652012Assets 2013: $2,112,076Liabilities 2013: $59,380Net Assets 2013: $2,052,6962013Assets 2014: $2,057,173Liabilities 2014: $85,299Net Assets 2014: $1,971,8742014Assets 2015: $1,981,479Liabilities 2015: $81,111Net Assets 2015: $1,900,3682015Assets 2016: $1,912,015Liabilities 2016: $83,594Net Assets 2016: $1,828,4212016Assets 2017: $1,861,172Liabilities 2017: $87,920Net Assets 2017: $1,773,2522017Assets 2018: $1,830,457Liabilities 2018: $85,383Net Assets 2018: $1,745,0742018Assets 2019: $1,812,006Liabilities 2019: $80,469Net Assets 2019: $1,731,5372019Assets 2020: $1,821,911Liabilities 2020: $81,041Net Assets 2020: $1,740,8702020Assets 2021: $1,811,113Liabilities 2021: $80,707Net Assets 2021: $1,730,4062021Assets 2022: $1,766,940Liabilities 2022: $53,765Net Assets 2022: $1,713,1752022Assets 2023: $1,782,345Liabilities 2023: $70,802Net Assets 2023: $1,711,5432023Assets 2024: $1,763,801Liabilities 2024: $69,368Net Assets 2024: $1,694,4332024Assets 2025: $1,729,214Liabilities 2025: $45,188Net Assets 2025: $1,684,0262025

Highlighted filing

2025

Assets$1,729,214
Liabilities$45,188
Net Assets$1,684,026
Open 2025 Filing

Operations Trend

Revenue Growth42nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $238,114Expenses 2011: $292,831Net Income 2011: -$54,7172011Expenses 2012: $303,8972012Revenue 2013: $240,438Expenses 2013: $295,507Net Income 2013: -$55,0692013Revenue 2014: $229,422Expenses 2014: $310,244Net Income 2014: -$80,8222014Revenue 2015: $248,060Expenses 2015: $319,566Net Income 2015: -$71,5062015Revenue 2016: $275,301Expenses 2016: $347,248Net Income 2016: -$71,9472016Revenue 2017: $288,669Expenses 2017: $343,838Net Income 2017: -$55,1692017Revenue 2018: $339,989Expenses 2018: $368,167Net Income 2018: -$28,1782018Revenue 2019: $364,549Expenses 2019: $378,086Net Income 2019: -$13,5372019Revenue 2020: $385,605Expenses 2020: $376,272Net Income 2020: $9,3332020Revenue 2021: $381,504Expenses 2021: $391,965Net Income 2021: -$10,4612021Revenue 2022: $403,960Expenses 2022: $421,191Net Income 2022: -$17,2312022Revenue 2023: $408,783Expenses 2023: $410,415Net Income 2023: -$1,6322023Revenue 2024: $414,159Expenses 2024: $431,269Net Income 2024: -$17,1102024Revenue 2025: $436,322Expenses 2025: $446,729Net Income 2025: -$10,4072025

Highlighted filing

2025

Revenue$436,322
Expenses$446,729
Net Income-$10,407
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,729,214
Liabilities
$45,188
Net assets
$1,684,026
Revenue
$436,322
Expenses
$446,729
Net income
-$10,407
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.73$0.05$1.68$0.44$0.45$0.01
2024Detailed filing. Detailed filing data is available for this year.$1.76$0.07$1.69$0.41$0.43$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.78$0.07$1.71$0.41$0.41$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.77$0.05$1.71$0.40$0.42$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.81$0.08$1.73$0.38$0.39$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.82$0.08$1.74$0.39$0.38$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.81$0.08$1.73$0.36$0.38$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.83$0.09$1.75$0.34$0.37$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.86$0.09$1.77$0.29$0.34$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.91$0.08$1.83$0.28$0.35$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.98$0.08$1.90$0.25$0.32$0.07
2014Detailed filing. Detailed filing data is available for this year.$2.06$0.09$1.97$0.23$0.31$0.08
2013Summary only. Only limited summary data is available for this year.$2.11$0.06$2.05$0.24$0.30$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.17$0.06$2.11$0.30
2011Summary only. Only limited summary data is available for this year.$2.23$2.91$0.68$0.24$0.29$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 28, 2026
Return Version
2024v5.5
Gross Receipts
$436,322
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$1,321,082$1,288,307▼ $32,775
Prepaid Expenses and Deferred Charges$31,889$25,961▼ $5,928
Cash and Non-Interest-Bearing Accounts$1,268--
Accounts Receivable$14,374$784▼ $13,590
Total Assets$1,763,801$1,729,214▼ $34,587
Other Assets Total$395,188$414,162▲ $18,974
Liabilities
Accounts Payable and Accrued Expenses$49,352$24,440▼ $24,912
Other Liabilities$17,144$18,948▲ $1,804
Deferred Revenue$2,872$1,800▼ $1,072
Total Liabilities$69,368$45,188▼ $24,180
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,694,433$1,684,026▼ $10,407
Total Net Assets Fund Balance$1,694,433$1,684,026▼ $10,407
Total Liabilities and Net Assets / Fund Balance$1,763,801$1,729,214▼ $34,587

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,131,484$1,729,441$2,860,925
Equipment$34,823$107,229$142,052
Land$122,000-$122,000
Other Assets Org$42,760--
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Zack ZazasChairman
James KarthanPresident
Theodore VelmanVice President
Christy KarthanDirector
George AntoniouDirector
George ChristDirector
George HatzigiannakisDirector
Peter CadeDirector
Elias KarthanSecretary
Christopher AxiotisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$419,194
Investment Income
$14,086
Other Revenue
$3,042
Change in Net Assets
$-10,407

Audited Revenue Reconciliation

Revenue per Audited Statements
$436,322
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$436,322
Total Revenue per Form 990
$436,322
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$446,729
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$88,037--$88,037
Occupancy$46,750--$46,750
Insurance$45,766--$45,766
Fees for Services Management-$41,041-$41,041
Other Expenses$13,830--$13,830
All Other Expenses$12,758--$12,758
Fees for Services Accounting-$11,131-$11,131
Information Technology$9,084--$9,084
Office Expenses$7,622--$7,622
Conferences and Meetings-$3,386-$3,386
Advertising$2,220--$2,220
Total Functional Expenses$391,171$55,558$0$446,729

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$446,729
Total Expenses per Audited Statements$446,729
Total Expenses per Form 990$446,729
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$18,948
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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 karthan (president), and elias karthan (secretary).”

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 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 organization makes available all documents required by law.”

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-ii Inc
EIN
42-1487324
Phone
5159640164
Address
202 SE 30TH ST, ANKENY, IA 50021

Signing Officer

Name
James Karthan
Title
President
Phone
5159640164
Signed
2026-01-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Karthan
Formed
1999
Legal Domicile
Ia
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

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, 2025 and 2024. 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, 2025 and 2024.”

Raw XML AppendixShowing 400 of 517 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/PersonNm2ELIAS KARTHAN
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IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/InsuranceGrp/ProgramServicesAmt045766
IRS990/InsuranceGrp/TotalAmt045766
IRS990/InvestmentIncomeGrp/ExclusionAmt014086
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt014086
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01836670
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01321082
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01288307
IRS990/LandBldgEquipCostOrOtherBssAmt03124977
IRS990/LegalDomicileStateCd0IA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01694433
IRS990/NetAssetsOrFundBalancesEOYAmt01684026
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01694433
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01684026
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt046750
IRS990/OccupancyGrp/TotalAmt046750
IRS990/OfficeExpensesGrp/ProgramServicesAmt07622
IRS990/OfficeExpensesGrp/TotalAmt07622
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0395188
IRS990/OtherAssetsTotalGrp/EOYAmt0414162
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MANAGEMENT EXPENSE STAF
IRS990/OtherExpensesGrp/Desc1CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc2SERVICE COORDINATOR EXP
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ProgramServicesAmt090399
IRS990/OtherExpensesGrp/ProgramServicesAmt141064
IRS990/OtherExpensesGrp/ProgramServicesAmt233641
IRS990/OtherExpensesGrp/ProgramServicesAmt313830
IRS990/OtherExpensesGrp/TotalAmt090399
IRS990/OtherExpensesGrp/TotalAmt141064
IRS990/OtherExpensesGrp/TotalAmt233641
IRS990/OtherExpensesGrp/TotalAmt313830
IRS990/OtherLiabilitiesGrp/BOYAmt017144
IRS990/OtherLiabilitiesGrp/EOYAmt018948
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt03042
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03042
IRS990/OtherRevenueTotalAmt03042
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt031889
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt025961
IRS990/PrincipalOfficerNm0JAMES KARTHAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1TENANT ASSISTANCE HUD
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0243162
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1176032
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0243162
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1176032
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt010397
IRS990/PYOtherExpensesAmt0431269
IRS990/PYOtherRevenueAmt02165
IRS990/PYProgramServiceRevenueAmt0401597
IRS990/PYRevenuesLessExpensesAmt0-17110
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0431269
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0414159
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-10407
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0419194
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/CurrentTaxYearAmt014086
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt010397
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01940
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt015
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt075
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt026513
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0419194
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0401597
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0398902
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0379977
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0377689
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01977359
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt014086
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt010397
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01940
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt015
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt075
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt026513
IRS990ScheduleA/InvestmentIncomeCYPct00.01300
IRS990ScheduleA/InvestmentIncomePYPct00.00660
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt03042
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01165
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt07941
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt023968
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03740
IRS990ScheduleA/OtherIncome509Grp/TotalAmt039856
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96750
IRS990ScheduleA/PublicSupportPY509Pct00.96960
IRS990ScheduleA/PublicSupportTotal509Amt01977359
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0419194
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0401597
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0398902
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0379977
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0377689
IRS990ScheduleA/Total509Grp/TotalAmt01977359
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0436322
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0413159
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0408783
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0403960
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0381504
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02043728
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01131484
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01729441
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02860925
IRS990ScheduleD/EquipmentGrp/BookValueAmt034823
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0107229
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0142052
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0446729
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0122000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0122000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0335675
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt125338
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt29090
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt31299
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt442760
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4PAINTING RESERVES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018948
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0436322
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, 2025 AND 2024. 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, 2025 AND 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01288307
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0414162
IRS990ScheduleD/TotalExpensesPerForm990Amt0446729
IRS990ScheduleD/TotalLiabilityAmt018948
IRS990ScheduleD/TotalRevenuePerForm990Amt0436322
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0436322
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0446729
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOLLOWING BOARD MEMBERS HAVE A FAMILY RELATIONSHIP: CHRISTY KARTHAN (DIRECTOR), JAMES KARTHAN (PRESIDENT), AND ELIAS KARTHAN (SECRETARY).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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 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 ORGANIZATION MAKES AVAILABLE ALL DOCUMENTS REQUIRED BY LAW.
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/FormAndLineReferenceDesc4PART VII, SECTION A, LINE 1A, COLUMN B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0AHEPA AFFORDABLE HOUSING MANAGEMENT COMPANY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1AHEPA AFFORDABLE HOUSING MANAGEMENT COMPANY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2AHEPA AFFORDABLE HOUSING MANAGEMENT COMPANY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0AHEPA 192 INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1AHEPA 192-III INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2AHEPA 192 IV INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0421329782
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1270084978

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