Civic Intelligence

Ahepa 489 Inc

EIN 59-3760329 • 501(c)3 • New Port Richey, FL

Profile

To provide low income elderly housing.

6625 Rowan RoadNew Port Richey, FL 34653

n/A

Siviq Scores

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

Liabilities / Assets

55th percentile

0.09x

Higher debt load relative to assets than 55% of similar nonprofits.

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

Liabilities / Revenue

74th percentile

0.31x

Higher debt load relative to revenue than 74% of similar nonprofits.

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

Net Margin

45th percentile

2.4%

Higher net margin than 45% of similar nonprofits.

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

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.

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

Asset Growth

22nd percentile

-5.8%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

64th percentile

17%

Faster revenue growth than 64% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$2,155,404

Down $64,471 (-2.9%) from 2023

Liabilities

Down

$195,643

Down $19,549 (-9.1%) from 2023

Net Assets

Down

$1,959,761

Down $44,922 (-2.2%) from 2023

Revenue

Up

$623,440

Up $134,375 (+27%) from 2023

Expenses

Up

$608,559

Up $65,629 (+12%) from 2023

Net Income

Up

$14,881

Up $68,746 (+128%) from 2023

Trend Graphs

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2010: $3,036,706Liabilities 2010: $3,630,290Net Assets 2010: -$593,5842010Assets 2011: $3,027,163Liabilities 2011: $3,665,867Net Assets 2011: -$638,7042011Assets 2012: $2,967,913Liabilities 2012: $3,683,068Net Assets 2012: -$715,1552012Assets 2013: $2,899,992Liabilities 2013: $3,678,883Net Assets 2013: -$778,8912013Assets 2014: $2,836,433Liabilities 2014: $3,694,071Net Assets 2014: -$857,6382014Assets 2015: $2,815,126Liabilities 2015: $3,674,144Net Assets 2015: -$859,0182015Assets 2016: $2,774,911Liabilities 2016: $3,668,878Net Assets 2016: -$893,9672016Assets 2017: $2,737,513Liabilities 2017: $3,673,520Net Assets 2017: -$936,0072017Assets 2018: $2,670,957Liabilities 2018: $3,678,008Net Assets 2018: -$1,007,0512018Assets 2019: $2,603,650Liabilities 2019: $3,673,535Net Assets 2019: -$1,069,8852019Assets 2020: $2,537,539Liabilities 2020: $3,672,977Net Assets 2020: -$1,135,4382020Assets 2021: $2,424,026Liabilities 2021: $273,343Net Assets 2021: $2,150,6832021Assets 2022: $2,304,029Liabilities 2022: $245,481Net Assets 2022: $2,058,5482022Assets 2023: $2,219,875Liabilities 2023: $215,192Net Assets 2023: $2,004,6832023Assets 2025: $2,155,404Liabilities 2025: $195,643Net Assets 2025: $1,959,7612025

Highlighted filing

2025

Assets$2,155,404
Liabilities$195,643
Net Assets$1,959,761

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $368,4692010Expenses 2011: $365,7062011Expenses 2012: $381,3392012Revenue 2013: $327,803Expenses 2013: $391,539Net Income 2013: -$63,7362013Revenue 2014: $358,301Expenses 2014: $437,048Net Income 2014: -$78,7472014Revenue 2015: $379,960Expenses 2015: $381,340Net Income 2015: -$1,3802015Revenue 2016: $405,155Expenses 2016: $440,104Net Income 2016: -$34,9492016Revenue 2017: $404,802Expenses 2017: $446,842Net Income 2017: -$42,0402017Revenue 2018: $404,033Expenses 2018: $475,077Net Income 2018: -$71,0442018Revenue 2019: $413,861Expenses 2019: $476,695Net Income 2019: -$62,8342019Revenue 2020: $437,551Expenses 2020: $503,104Net Income 2020: -$65,5532020Revenue 2021: $450,328Expenses 2021: $507,135Net Income 2021: -$56,8072021Revenue 2022: $465,816Expenses 2022: $557,951Net Income 2022: -$92,1352022Revenue 2023: $489,065Expenses 2023: $542,930Net Income 2023: -$53,8652023Revenue 2025: $623,440Expenses 2025: $608,559Net Income 2025: $14,8812025

Highlighted filing

2025

Revenue$623,440
Expenses$608,559
Net Income$14,881

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$0.20$1.96$0.62$0.61$0.01
2023Summary only. Only limited summary data is available for this year.$2.22$0.22$2.00$0.49$0.54$0.05
2022Summary only. Only limited summary data is available for this year.$2.30$0.25$2.06$0.47$0.56$0.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.42$0.27$2.15$0.45$0.51$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.54$3.67$1.14$0.44$0.50$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.60$3.67$1.07$0.41$0.48$0.06
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.67$3.68$1.01$0.40$0.48$0.07
2017Summary only. Only limited summary data is available for this year.$2.74$3.67$0.94$0.40$0.45$0.04
2016Detailed filing. Detailed filing data is available for this year.$2.77$3.67$0.89$0.41$0.44$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.82$3.67$0.86$0.38$0.38$0.00
2014Summary only. Only limited summary data is available for this year.$2.84$3.69$0.86$0.36$0.44$0.08
2013Summary only. Only limited summary data is available for this year.$2.90$3.68$0.78$0.33$0.39$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.97$3.68$0.72$0.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.03$3.67$0.64$0.37
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.04$3.63$0.59$0.37
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 20, 2026
Return Version
2024v5.5
Gross Receipts
$623,440
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$1,918,661$1,835,552▼ $83,109
Prepaid Expenses and Deferred Charges$2,300$51,205▲ $48,905
Cash and Non-Interest-Bearing Accounts$982$2,920▲ $1,938
Accounts Receivable$129,360$694▼ $128,666
Total Assets$2,287,153$2,155,404▼ $131,749
Other Assets Total$235,850$265,033▲ $29,183
Liabilities
Unsecured Notes Loans Payable$152,522$152,522→ $0
Accounts Payable and Accrued Expenses$173,298$27,263▼ $146,035
Other Liabilities$13,790$13,901▲ $111
Deferred Revenue$2,663$1,957▼ $706
Total Liabilities$342,273$195,643▼ $146,630
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,944,880$1,959,761▲ $14,881
Total Net Assets Fund Balance$1,944,880$1,959,761▲ $14,881
Total Liabilities and Net Assets / Fund Balance$2,287,153$2,155,404▼ $131,749

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,535,364$1,792,855$3,328,219
Land$295,362-$295,362
Other Land Buildings$4,787$281,539$286,326
Equipment$39$2,198$2,237
Other Assets Org$33--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Demetrios MakrisPresident
Bill MakrisVice President
JOE O'NEILDirector
Steve PhotiadesDirector
Theofanis MakrisDirector
Yorgo MullenaxDirector
Erick V MejiaSecretary
Dean MakrisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$611,413
Investment Income
$10,802
Other Revenue
$1,225
Change in Net Assets
$14,881

Audited Revenue Reconciliation

Revenue per Audited Statements
$623,440
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$623,440
Total Revenue per Form 990
$623,440
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$608,559
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$102,185--$102,185
Insurance$100,533--$100,533
Occupancy$69,689--$69,689
Fees for Services Management-$29,376-$29,376
All Other Expenses$20,566--$20,566
Other Expenses$13,847--$13,847
Information Technology$11,895--$11,895
Fees for Services Accounting-$11,000-$11,000
Travel$5,738--$5,738
Office Expenses$4,299--$4,299
Conferences and Meetings-$2,644-$2,644
Advertising$1,088--$1,088
Interest$255--$255
Total Functional Expenses$565,539$43,020$0$608,559

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$608,559
Total Expenses per Audited Statements$608,559
Total Expenses per Form 990$608,559
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$13,901
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

Board members demetrios makris, theofanis makris, dean makris, erick v. Mejia and bill makris have a family relationship

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 A, Line 7A

The directors of the corporation shall, at all times be, limited to individuals who are either members of ahepa national housing corporation, the sponsoring organization, or nonmembers who have the approval of the board of directors of the said sponsoring organization. If a director ceases to be a member of ahepa national housing corporation or if the aforementioned approval is withdrawn, then in either event, such shall constitute automatic resignation as a member and director of the corporation.

Form 990, Part VI, Section A, Line 8B

There are no committees with the authority to act on behalf of the board of directors.

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 489 Apartments Inc
EIN
59-3760329
Phone
7278430636
Address
6625 ROWAN ROAD, NEW PORT RICHEY, FL 34653

Signing Officer

Name
Demetrios Makris
Title
President
Phone
7278430636
Signed
2026-01-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Demetrios Makris
Formed
2001
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

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

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 447 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.

Path#Value
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/OccupancyGrp/TotalAmt069689
IRS990/OfficeExpensesGrp/ProgramServicesAmt04299
IRS990/OfficeExpensesGrp/TotalAmt04299
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0235850
IRS990/OtherAssetsTotalGrp/EOYAmt0265033
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MANAGEMENT EXPENSE STAF
IRS990/OtherExpensesGrp/Desc1CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc2SERVICE COORDINATOR EXP
IRS990/OtherExpensesGrp/Desc3REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/ProgramServicesAmt0144442
IRS990/OtherExpensesGrp/ProgramServicesAmt163872
IRS990/OtherExpensesGrp/ProgramServicesAmt227130
IRS990/OtherExpensesGrp/ProgramServicesAmt313847
IRS990/OtherExpensesGrp/TotalAmt0144442
IRS990/OtherExpensesGrp/TotalAmt163872
IRS990/OtherExpensesGrp/TotalAmt227130
IRS990/OtherExpensesGrp/TotalAmt313847
IRS990/OtherLiabilitiesGrp/BOYAmt013790
IRS990/OtherLiabilitiesGrp/EOYAmt013901
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt01225
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01225
IRS990/OtherRevenueTotalAmt01225
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02300
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt051205
IRS990/PrincipalOfficerNm0DEMETRIOS MAKRIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE HUD
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0421963
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1189450
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0421963
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1189450
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05510
IRS990/PYOtherExpensesAmt0594399
IRS990/PYOtherRevenueAmt041460
IRS990/PYProgramServiceRevenueAmt0487626
IRS990/PYRevenuesLessExpensesAmt0-59803
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0594399
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0534596
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt014881
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0611413
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/FormAndLineReferenceDesc0REFERENCE PART III, LINE 12
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt010802
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt05510
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01407
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt014
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt060
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt017793
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0611413
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0487626
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0485133
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0464392
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0447555
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02496119
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt010802
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05510
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01407
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt014
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt060
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt017793
IRS990ScheduleA/InvestmentIncomeCYPct00.00690
IRS990ScheduleA/InvestmentIncomePYPct00.00330
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01225
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt041460
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02525
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01410
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02713
IRS990ScheduleA/OtherIncome509Grp/TotalAmt049333
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97380
IRS990ScheduleA/PublicSupportPY509Pct00.97180
IRS990ScheduleA/PublicSupportTotal509Amt02496119
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0611413
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0487626
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0485133
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0464392
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0447555
IRS990ScheduleA/Total509Grp/TotalAmt02496119
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0623440
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0534596
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0489065
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0465816
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0450328
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02563245
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01535364
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01792855
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03328219
IRS990ScheduleD/EquipmentGrp/BookValueAmt039
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02198
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02237
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0608559
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0295362
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0295362
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0245460
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt119540
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt233
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSIT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04787
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0281539
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0286326
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013901
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0623440
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/TotalBookValueLandBuildingsAmt01835552
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0265033
IRS990ScheduleD/TotalExpensesPerForm990Amt0608559
IRS990ScheduleD/TotalLiabilityAmt013901
IRS990ScheduleD/TotalRevenuePerForm990Amt0623440
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0623440
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0608559
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS DEMETRIOS MAKRIS, THEOFANIS MAKRIS, DEAN MAKRIS, ERICK V. MEJIA AND BILL MAKRIS HAVE A FAMILY RELATIONSHIP
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 DIRECTORS OF THE CORPORATION SHALL, AT ALL TIMES BE, LIMITED TO INDIVIDUALS WHO ARE EITHER MEMBERS OF AHEPA NATIONAL HOUSING CORPORATION, THE SPONSORING ORGANIZATION, OR NONMEMBERS WHO HAVE THE APPROVAL OF THE BOARD OF DIRECTORS OF THE SAID SPONSORING ORGANIZATION. IF A DIRECTOR CEASES TO BE A MEMBER OF AHEPA NATIONAL HOUSING CORPORATION OR IF THE AFOREMENTIONED APPROVAL IS WITHDRAWN, THEN IN EITHER EVENT, SUCH SHALL CONSTITUTE AUTOMATIC RESIGNATION AS A MEMBER AND DIRECTOR OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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/ExplanationTxt5THE ORGANIZATION MAKES AVAILABLE ALL DOCUMENTS REQUIRED BY LAW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL 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/ExplanationTxt7THE 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 A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART VII, SECTION A, LINE 1A, COLUMN B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02287153
IRS990/TotalAssetsEOYAmt02155404
IRS990/TotalAssetsGrp/BOYAmt02287153
IRS990/TotalAssetsGrp/EOYAmt02155404
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt043020
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0565539
IRS990/TotalFunctionalExpensesGrp/TotalAmt0608559
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0342273
IRS990/TotalLiabilitiesEOYAmt0195643
IRS990/TotalLiabilitiesGrp/BOYAmt0342273
IRS990/TotalLiabilitiesGrp/EOYAmt0195643
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01944880
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01959761
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0565539
IRS990/TotalProgramServiceRevenueAmt0611413
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt012027
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0611413
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0623440
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02287153

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