Civic Intelligence

Ahepa 192-II Inc.

990 • Fiscal year 2024 • EIN 42-1487324

Jul 01, 2023 to Jun 30, 2024 • Filed on Mar 30, 2025

Organization ProfileN/A
202 SE 30th StAnkeny, IA 50021

(515) 964-0164

Siviq Scores

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

Liabilities / Assets

45th percentile

0.04x

Higher debt load relative to assets than 45% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

63rd percentile

0.17x

Higher debt load relative to revenue than 63% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

30th percentile

-4.1%

Higher net margin than 30% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

33rd percentile

-1.0%

Faster asset growth than 33% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

37th percentile

1.3%

Faster revenue growth than 37% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets45th percentile

Assets

Down

$1,763,801

Down $18,544 (-1.0%) from 2023

Net Assets

Down

$1,694,433

Down $17,110 (-1.0%) from 2023

Liabilities

Down

$69,368

Down $1,434 (-2.0%) from 2023

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin30th percentile

Revenue

Up

$414,159

Up $5,376 (+1.3%) from 2023

Expenses

Up

$431,269

Up $20,854 (+5.1%) from 2023

Net Income

Down

-$17,110

Down $15,478 (-948%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$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

2024

Assets$1,763,801
Liabilities$69,368
Net Assets$1,694,433
Open 2024 Filing

Operations Trend

Revenue Growth37th percentile

Revenue, expenses, and net income across loaded years, with this 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

2024

Revenue$414,159
Expenses$431,269
Net Income-$17,110
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 30, 2025
Return Version
2023v6.0
Gross Receipts
$414,159
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$1,345,025$1,321,082▼ $23,943
Prepaid Expenses and Deferred Charges$22,156$31,889▲ $9,733
Accounts Receivable$28,964$14,374▼ $14,590
Cash and Non-Interest-Bearing Accounts$2,413$1,268▼ $1,145
Total Assets$1,782,345$1,763,801▼ $18,544
Other Assets Total$383,787$395,188▲ $11,401
Liabilities
Accounts Payable and Accrued Expenses$52,289$49,352▼ $2,937
Other Liabilities$16,113$17,144▲ $1,031
Deferred Revenue$2,400$2,872▲ $472
Total Liabilities$70,802$69,368▼ $1,434
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,711,543$1,694,433▼ $17,110
Total Net Assets Fund Balance$1,711,543$1,694,433▼ $17,110
Total Liabilities and Net Assets / Fund Balance$1,782,345$1,763,801▼ $18,544

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,189,107$1,650,239$2,839,346
Land$122,000-$122,000
Equipment$9,975$98,394$108,369
Other Assets Org$37,612--
Compensation and Service Providers
Top Officer Pay40th 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
$401,597
Investment Income
$10,397
Other Revenue
$2,165
Change in Net Assets
$-17,110

Audited Revenue Reconciliation

Revenue per Audited Statements
$414,159
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$414,159
Total Revenue per Form 990
$414,159
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$431,269
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$77,617--$77,617
Occupancy$46,209--$46,209
Fees for Services Management-$38,691-$38,691
Insurance$37,602--$37,602
All Other Expenses$22,378--$22,378
Other Expenses$13,000--$13,000
Fees for Services Accounting-$10,931-$10,931
Information Technology$5,469--$5,469
Office Expenses$3,186--$3,186
Conferences and Meetings-$1,235-$1,235
Advertising$735--$735
Total Functional Expenses$380,412$50,857$0$431,269

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$431,269
Total Expenses per Audited Statements$431,269
Total Expenses per Form 990$431,269
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$17,144
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 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 form 990 and all related financial and policy information are made available to the public upon written request.”

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
2025-03-30
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.”

Raw XML AppendixShowing 400 of 516 raw XML fields

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IRS990/OtherExpensesGrp/Desc2CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt092982
IRS990/OtherExpensesGrp/ProgramServicesAmt147016
IRS990/OtherExpensesGrp/ProgramServicesAmt234218
IRS990/OtherExpensesGrp/ProgramServicesAmt313000
IRS990/OtherExpensesGrp/TotalAmt092982
IRS990/OtherExpensesGrp/TotalAmt147016
IRS990/OtherExpensesGrp/TotalAmt234218
IRS990/OtherExpensesGrp/TotalAmt313000
IRS990/OtherLiabilitiesGrp/BOYAmt016113
IRS990/OtherLiabilitiesGrp/EOYAmt017144
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt02165
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02165
IRS990/OtherRevenueTotalAmt02165
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt022156
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt031889
IRS990/PrincipalOfficerNm0JAMES KARTHAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1TENANT ASSISTANCE HUD
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0237284
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1164313
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0237284
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1164313
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01940
IRS990/PYOtherExpensesAmt0410415
IRS990/PYOtherRevenueAmt07941
IRS990/PYProgramServiceRevenueAmt0398902
IRS990/PYRevenuesLessExpensesAmt0-1632
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0410415
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0408783
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-17110
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0401597
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/CurrentTaxYearAmt010397
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01940
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt015
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt075
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0813
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt013240
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0401597
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0398902
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0379977
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0377689
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0374214
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01932379
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt010397
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01940
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt015
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt075
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0813
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt013240
IRS990ScheduleA/InvestmentIncomeCYPct00.00660
IRS990ScheduleA/InvestmentIncomePYPct00.00180
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01165
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt07941
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt023968
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03740
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt010578
IRS990ScheduleA/OtherIncome509Grp/TotalAmt047392
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96960
IRS990ScheduleA/PublicSupportPY509Pct00.97200
IRS990ScheduleA/PublicSupportTotal509Amt01932379
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0401597
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0398902
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0379977
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0377689
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0374214
IRS990ScheduleA/Total509Grp/TotalAmt01932379
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0413159
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0408783
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0403960
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0381504
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0385605
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01993011
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01189107
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01650239
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02839346
IRS990ScheduleD/EquipmentGrp/BookValueAmt09975
IRS990ScheduleD/EquipmentGrp/DepreciationAmt098394
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0108369
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0431269
IRS990ScheduleD/LandGrp/BookValueAmt0122000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0122000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0294624
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt119921
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt241781
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt31250
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt437612
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4PAINTING RESERVES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017144
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0414159
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01321082
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0395188
IRS990ScheduleD/TotalExpensesPerForm990Amt0431269
IRS990ScheduleD/TotalLiabilityAmt017144
IRS990ScheduleD/TotalRevenuePerForm990Amt0414159
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0414159
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0431269
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 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/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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2922227152

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,763,801
Liabilities
$69,368
Net assets
$1,694,433
Revenue
$414,159
Expenses
$431,269
Net income
-$17,110
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