Civic Intelligence

Ahepa 489 Apartments Inc.

990 • Fiscal year 2021 • EIN 59-3760329

Jul 01, 2020 to Jun 30, 2021 • Filed on May 05, 2022

6625 Rowan RoadNew Port Richey, FL 34653

(727) 843-0636

Siviq Scores

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

Liabilities / Assets

58th percentile

0.11x

Higher debt load relative to assets than 58% of similar nonprofits.

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

Liabilities / Revenue

82nd percentile

0.61x

Higher debt load relative to revenue than 82% of similar nonprofits.

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

Net Margin

14th percentile

-13%

Higher net margin than 14% 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

14th percentile

-4.5%

Faster asset growth than 14% of similar nonprofits.

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

Revenue Growth

37th percentile

2.9%

Faster revenue growth than 37% of similar nonprofits.

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

Assets

Down

$2,424,026

Down $113,513 (-4.5%) from 2020

Net Assets

Up

$2,150,683

Up $3,286,121 (+289%) from 2020

Liabilities

Down

$273,343

Down $3,399,634 (-93%) from 2020

Revenue

Up

$450,328

Up $12,777 (+2.9%) from 2020

Expenses

Up

$507,135

Up $4,031 (+0.8%) from 2020

Net Income

Up

-$56,807

Up $8,746 (+13%) 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 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

2021

Assets$2,424,026
Liabilities$273,343
Net Assets$2,150,683

Operations Trend

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

2021

Revenue$450,328
Expenses$507,135
Net Income-$56,807
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 5, 2022
Return Version
2020v4.2
Gross Receipts
$450,328
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$2,300,844$2,206,635▼ $94,209
Prepaid Expenses and Deferred Charges$22,355$20,348▼ $2,007
Cash and Non-Interest-Bearing Accounts$8,822$8,971▲ $149
Accounts Receivable$1,740$1,549▼ $191
Total Assets$2,537,539$2,424,026▼ $113,513
Other Assets Total$203,778$186,523▼ $17,255
Liabilities
Unsecured Notes Loans Payable$158,199$158,199→ $0
Accounts Payable and Accrued Expenses$158,554$99,944▼ $58,610
Other Liabilities$13,243$14,918▲ $1,675
Deferred Revenue$53$282▲ $229
Total Liabilities$330,049$273,343▼ $56,706
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,207,490$2,150,683▼ $56,807
Total Net Assets Fund Balance$2,207,490$2,150,683▼ $56,807
Total Liabilities and Net Assets / Fund Balance$2,537,539$2,424,026▼ $113,513

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,853,505$1,406,632$3,260,137
Land$295,362-$295,362
Equipment$57,768$230,795$288,563
Other Assets Org$42,401--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Demetrios MakrisPresident
Argirios VasilopoulosVice President
Bill MakrisDirector
Dean MakrisDirector
JOE O'NEILDirector
Steve PhotiadesDirector
Yorgo MullenaxDirector
Anthony SaravanosSecretary
George PanagosTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$447,555
Investment Income
$60
Other Revenue
$2,713
Change in Net Assets
$-56,807

Audited Revenue Reconciliation

Revenue per Audited Statements
$450,328
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$450,328
Total Revenue per Form 990
$450,328
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$507,135
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$128,372--$128,372
Occupancy$65,359--$65,359
Insurance$35,382--$35,382
Fees for Services Management-$29,376-$29,376
Fees for Services Accounting-$10,851-$10,851
All Other Expenses$7,959--$7,959
Other Expenses$7,105--$7,105
Information Technology$3,497--$3,497
Office Expenses$3,014--$3,014
Conferences and Meetings-$1,419-$1,419
Fees for Services Legal$61--$61
Advertising$54--$54
Interest$17--$17
Total Functional Expenses$465,489$41,646$0$507,135

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$507,135
Total Expenses per Audited Statements$507,135
Total Expenses per Form 990$507,135
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$14,918
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 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 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 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 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
2022-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Demetrios Makris
Formed
2001
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

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, 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.

Raw XML AppendixShowing 400 of 455 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0158554
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt099944
IRS990/AccountsReceivableGrp/BOYAmt01740
IRS990/AccountsReceivableGrp/EOYAmt01549
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY.
IRS990/AddressChangeInd0X
IRS990/AdvertisingGrp/ProgramServicesAmt054
IRS990/AdvertisingGrp/TotalAmt054
IRS990/AllOtherExpensesGrp/ProgramServicesAmt07959
IRS990/AllOtherExpensesGrp/TotalAmt07959
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0AHEPA MANAGEMENT COMPANY
IRS990/BooksInCareOfDetail/PhoneNum03178453410
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt010706 SKY PRAIRIE ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0FISHERS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd046038
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt08822
IRS990/CashNonInterestBearingGrp/EOYAmt08971
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt01419
IRS990/ConferencesMeetingsGrp/TotalAmt01419
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt060
IRS990/CYOtherExpensesAmt0507135
IRS990/CYOtherRevenueAmt02713
IRS990/CYProgramServiceRevenueAmt0447555
IRS990/CYRevenuesLessExpensesAmt0-56807
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0507135
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0450328
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt053
IRS990/DeferredRevenueGrp/EOYAmt0282
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0128372
IRS990/DepreciationDepletionGrp/TotalAmt0128372
IRS990/Desc0PROVIDE HOUSING TO LOW INCOME INDIVIDUALS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0465489
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt010851
IRS990/FeesForServicesAccountingGrp/TotalAmt010851
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt061
IRS990/FeesForServicesLegalGrp/TotalAmt061
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt029376
IRS990/FeesForServicesManagementGrp/TotalAmt029376
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0DEMETRIOS MAKRIS
IRS990/Form990PartVIISectionAGrp/PersonNm1ARGIRIOS VASILOPOULOS
IRS990/Form990PartVIISectionAGrp/PersonNm2ANTHONY SARAVANOS
IRS990/Form990PartVIISectionAGrp/PersonNm3GEORGE PANAGOS
IRS990/Form990PartVIISectionAGrp/PersonNm4STEVE PHOTIADES
IRS990/Form990PartVIISectionAGrp/PersonNm5DEAN MAKRIS
IRS990/Form990PartVIISectionAGrp/PersonNm6YORGO MULLENAX
IRS990/Form990PartVIISectionAGrp/PersonNm7BILL MAKRIS
IRS990/Form990PartVIISectionAGrp/PersonNm8JOE O'NEIL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0450328
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt03497
IRS990/InformationTechnologyGrp/TotalAmt03497
IRS990/InsuranceGrp/ProgramServicesAmt035382
IRS990/InsuranceGrp/TotalAmt035382
IRS990/InterestGrp/ProgramServicesAmt017
IRS990/InterestGrp/TotalAmt017
IRS990/InvestmentIncomeGrp/ExclusionAmt060
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt060
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01637427
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02300844
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02206635
IRS990/LandBldgEquipCostOrOtherBssAmt03844062
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02207490
IRS990/NetAssetsOrFundBalancesEOYAmt02150683
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02207490
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02150683
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt065359
IRS990/OccupancyGrp/TotalAmt065359
IRS990/OfficeExpensesGrp/ProgramServicesAmt03014
IRS990/OfficeExpensesGrp/TotalAmt03014
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0203778
IRS990/OtherAssetsTotalGrp/EOYAmt0186523
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MANAGEMENT EXPENSE STAF
IRS990/OtherExpensesGrp/Desc1CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc2SERVICE COORDINATOR EXP
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ProgramServicesAmt0124900
IRS990/OtherExpensesGrp/ProgramServicesAmt157760
IRS990/OtherExpensesGrp/ProgramServicesAmt232009
IRS990/OtherExpensesGrp/ProgramServicesAmt37105
IRS990/OtherExpensesGrp/TotalAmt0124900
IRS990/OtherExpensesGrp/TotalAmt157760
IRS990/OtherExpensesGrp/TotalAmt232009
IRS990/OtherExpensesGrp/TotalAmt37105
IRS990/OtherLiabilitiesGrp/BOYAmt013243
IRS990/OtherLiabilitiesGrp/EOYAmt014918
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt02713
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02713
IRS990/OtherRevenueTotalAmt02713
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt022355
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt020348
IRS990/PrincipalOfficerNm0DEMETRIOS MAKRIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE HUD
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0289733
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1157822
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0289733
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1157822
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0750
IRS990/PYOtherExpensesAmt0503104
IRS990/PYOtherRevenueAmt011162
IRS990/PYProgramServiceRevenueAmt0425639
IRS990/PYRevenuesLessExpensesAmt0-65553
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0503104
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0437551
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-56807
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0447555
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt060
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0750
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01005
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt065
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt081
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01961
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0447555
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0425639
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0411486
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0401998
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0403380
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02090058
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt060
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0750
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01005
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt065
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt081
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01961
IRS990ScheduleA/InvestmentIncomeCYPct00.00090
IRS990ScheduleA/InvestmentIncomePYPct00.00100
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt02713
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt011162
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01370
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01970
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01341
IRS990ScheduleA/OtherIncome509Grp/TotalAmt018556
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99030
IRS990ScheduleA/PublicSupportPY509Pct00.99030
IRS990ScheduleA/PublicSupportTotal509Amt02090058
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0447555
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0425639
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0411486
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0401998
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0403380
IRS990ScheduleA/Total509Grp/TotalAmt02090058
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0450328
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0437551
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0413861
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0404033
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0404802
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02110575
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01853505
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01406632
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03260137
IRS990ScheduleD/EquipmentGrp/BookValueAmt057768
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0230795
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0288563
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0507135
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0295362
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0295362
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0122640
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt115038
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt26444
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt342401
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014918
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0450328
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/TotalBookValueLandBuildingsAmt02206635
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0186523
IRS990ScheduleD/TotalExpensesPerForm990Amt0507135
IRS990ScheduleD/TotalLiabilityAmt014918
IRS990ScheduleD/TotalRevenuePerForm990Amt0450328
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0450328
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0507135
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/ExplanationTxt1THE 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/ExplanationTxt2THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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/ExplanationTxt4THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL 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/ExplanationTxt6THE PROCESS IS CONSISTENT WITH PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART VII, SECTION A, LINE 1A, COLUMN B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02537539
IRS990/TotalAssetsEOYAmt02424026
IRS990/TotalAssetsGrp/BOYAmt02537539
IRS990/TotalAssetsGrp/EOYAmt02424026
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt041646
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0465489
IRS990/TotalFunctionalExpensesGrp/TotalAmt0507135
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0330049
IRS990/TotalLiabilitiesEOYAmt0273343
IRS990/TotalLiabilitiesGrp/BOYAmt0330049
IRS990/TotalLiabilitiesGrp/EOYAmt0273343
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02207490
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02150683
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0465489
IRS990/TotalProgramServiceRevenueAmt0447555
IRS990/TotalReportableCompFromOrgAmt00

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