Civic Intelligence

Ahepa 310-V Inc

EIN 63-1080112 • 501(c)3 • Mobile, AL

Profile

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

2550 Hillcrest Road No C-1Mobile, AL 36695

n/A

Siviq Scores

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

Liabilities / Assets

44th percentile

0.04x

Higher debt load relative to assets than 44% of similar nonprofits.

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

Liabilities / Revenue

46th percentile

0.06x

Higher debt load relative to revenue than 46% of similar nonprofits.

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

Net Margin

95th percentile

76%

Higher net margin than 95% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

88th percentile

40%

Faster asset growth than 88% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

90th percentile

82%

Faster revenue growth than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Up

$2,325,000

Up $1,159,436 (+99%) from 2023

Liabilities

Up

$90,042

Up $33,839 (+60%) from 2023

Net Assets

Up

$2,234,958

Up $1,125,597 (+101%) from 2023

Revenue

Up

$1,490,588

Up $1,019,419 (+216%) from 2023

Expenses

Down

$364,991

Down $150,888 (-29%) from 2023

Net Income

Up

$1,125,597

Up $1,170,307 (+2618%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MAssets 2011: $1,658,167Liabilities 2011: $2,333,265Net Assets 2011: -$675,0982011Assets 2012: $1,634,256Liabilities 2012: $2,336,636Net Assets 2012: -$702,3802012Assets 2013: $1,582,508Liabilities 2013: $2,329,866Net Assets 2013: -$747,3582013Assets 2014: $1,529,970Liabilities 2014: $2,311,612Net Assets 2014: -$781,6422014Assets 2015: $1,483,788Liabilities 2015: $2,311,434Net Assets 2015: -$827,6462015Assets 2016: $1,460,572Liabilities 2016: $2,306,369Net Assets 2016: -$845,7972016Assets 2017: $1,413,392Liabilities 2017: $2,309,664Net Assets 2017: -$896,2722017Assets 2018: $1,314,205Liabilities 2018: $2,321,028Net Assets 2018: -$1,006,8232018Assets 2019: $1,226,978Liabilities 2019: $2,325,617Net Assets 2019: -$1,098,6392019Assets 2020: $1,202,308Liabilities 2020: $30,898Net Assets 2020: $1,171,4102020Assets 2021: $1,208,053Liabilities 2021: $51,043Net Assets 2021: $1,157,0102021Assets 2022: $1,191,746Liabilities 2022: $37,675Net Assets 2022: $1,154,0712022Assets 2023: $1,165,564Liabilities 2023: $56,203Net Assets 2023: $1,109,3612023Assets 2024: $2,325,000Liabilities 2024: $90,042Net Assets 2024: $2,234,9582024

Highlighted filing

2024

Assets$2,325,000
Liabilities$90,042
Net Assets$2,234,958

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $370,5152011Expenses 2012: $388,2422012Revenue 2013: $357,486Expenses 2013: $402,464Net Income 2013: -$44,9782013Revenue 2014: $362,517Expenses 2014: $396,801Net Income 2014: -$34,2842014Revenue 2015: $349,165Expenses 2015: $395,169Net Income 2015: -$46,0042015Revenue 2016: $355,802Expenses 2016: $373,953Net Income 2016: -$18,1512016Revenue 2017: $371,670Expenses 2017: $422,145Net Income 2017: -$50,4752017Revenue 2018: $380,934Expenses 2018: $491,485Net Income 2018: -$110,5512018Revenue 2019: $414,944Expenses 2019: $506,760Net Income 2019: -$91,8162019Revenue 2020: $451,436Expenses 2020: $457,687Net Income 2020: -$6,2512020Revenue 2021: $449,271Expenses 2021: $463,671Net Income 2021: -$14,4002021Revenue 2022: $452,141Expenses 2022: $455,080Net Income 2022: -$2,9392022Revenue 2023: $471,169Expenses 2023: $515,879Net Income 2023: -$44,7102023Revenue 2024: $1,490,588Expenses 2024: $364,991Net Income 2024: $1,125,5972024

Highlighted filing

2024

Revenue$1,490,588
Expenses$364,991
Net Income$1,125,597

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.33$0.09$2.23$1.49$0.36$1.13
2023Detailed filing. Detailed filing data is available for this year.$1.17$0.06$1.11$0.47$0.52$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.19$0.04$1.15$0.45$0.46$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.21$0.05$1.16$0.45$0.46$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.20$0.03$1.17$0.45$0.46$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.23$2.33$1.10$0.41$0.51$0.09
2018Detailed filing. Detailed filing data is available for this year.$1.31$2.32$1.01$0.38$0.49$0.11
2017Detailed filing. Detailed filing data is available for this year.$1.41$2.31$0.90$0.37$0.42$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.46$2.31$0.85$0.36$0.37$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.48$2.31$0.83$0.35$0.40$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.53$2.31$0.78$0.36$0.40$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.58$2.33$0.75$0.36$0.40$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.63$2.34$0.70$0.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.66$2.33$0.68$0.37
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$2,447,626
Mission and Program Overview

Mission

The mission of ahepa 310-iv, inc. Is to provide affordable housing for low-income elderly anddisabled persons, and to insure that they receive the services designed to meet their physical and social needs.

The corporation is organized exclusively for charitable purposes including providing affordable housing and related services to individuals with a preference for elderly or disabled persons

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$678,743$0▼ $678,743
Accounts Receivable$81,192$0▼ $81,192
Prepaid Expenses and Deferred Charges$42,153$0▼ $42,153
Other Assets Total$363,476$2,325,000▲ $1,961,524
Total Assets$1,165,564$2,325,000▲ $1,159,436
Liabilities
Accounts Payable and Accrued Expenses$38,864$90,042▲ $51,178
Other Liabilities$16,543$0▼ $16,543
Deferred Revenue$796$0▼ $796
Total Liabilities$56,203$90,042▲ $33,839
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,109,361$2,234,958▲ $1,125,597
Total Net Assets Fund Balance$1,109,361$2,234,958▲ $1,125,597
Total Liabilities and Net Assets / Fund Balance$1,165,564$2,325,000▲ $1,159,436

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$2,325,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Christ CoumanisPresident
James LignosVice President
Chris D GolfosDirector
Emily CarlsonDirector
Jim PafudakisDirector
John MoralisDirector
Michael HartzesDirector
Michael KaravokirozDirector
Mike StratasDirector
Nick TsounisDirector
Paul PlatisDirector
Terry PalaymoytisDirector
Tim WhiteDirector
Tommy LutherDirector
Dale GreensteinSecretary
Bobby ForopoulosTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$73,652
Investment Income
$1,368,281
Other Revenue
$48,655
Change in Net Assets
$1,125,597
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$364,991
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
Insurance$36,897--$36,897
Occupancy$10,169--$10,169
Depreciation Depletion$4,595--$4,595
Fees for Services Management-$4,326-$4,326
All Other Expenses$3,031--$3,031
Other Expenses$2,895--$2,895
Office Expenses$1,442--$1,442
Fees for Services Accounting-$856-$856
Conferences and Meetings-$193-$193
Information Technology$55--$55
Travel$49--$49
Interest$2--$2
Total Functional Expenses$359,616$5,375$0$364,991
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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 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 B, Line 12C

Review the policy on an annual basis with the board of directors to make sure that everyone is complying.

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 310-v Inc
EIN
63-1080112
Phone
2516665696
Address
2550 HILLCREST ROAD NO C-1, MOBILE, AL 36695

Signing Officer

Name
Christ Coumanis
Title
President
Phone
2516665696
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christ Coumanis
Formed
1992
Legal Domicile
Al
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
16

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 III, Line 2

The corporation aims to improve the quality of life for elderly or disabled individuals by offering safe, affordable, and supportive housing options, primarily by participating in the ownership of tax credit projects formed to invest in affordable housing. Additionally, the corporation seeks to enhance the well-being of the local community in which the housing is located by fostering community engagement, awarding scholarships to individuals in the local community needing financial assistance in order to achieve an education, support local initiatives, and collaborating with other organizations to address the needs of the community on a nonprofit basis.

Part XII, Line 3B

The audit issued was for short period july 1, 2023 to august 2, 2023, prior to the asset sale.

Raw XML AppendixShowing 400 of 626 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/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt055
IRS990/InformationTechnologyGrp/TotalAmt055
IRS990/InsuranceGrp/ProgramServicesAmt036897
IRS990/InsuranceGrp/TotalAmt036897
IRS990/InterestGrp/ProgramServicesAmt02
IRS990/InterestGrp/TotalAmt02
IRS990/InvestmentIncomeGrp/ExclusionAmt0319
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0319
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0678743
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt00
IRS990/LegalDomicileStateCd0AL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0957038
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES INCLUDING PROVIDING AFFORDABLE HOUSING AND RELATED SERVICES TO INDIVIDUALS WITH A PREFERENCE FOR ELDERLY OR DISABLED PERSONS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01109361
IRS990/NetAssetsOrFundBalancesEOYAmt02234958
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01367962
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01367962
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01109361
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02234958
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt010169
IRS990/OccupancyGrp/TotalAmt010169
IRS990/OfficeExpensesGrp/ProgramServicesAmt01442
IRS990/OfficeExpensesGrp/TotalAmt01442
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0363476
IRS990/OtherAssetsTotalGrp/EOYAmt02325000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc3SERVICE EXPENSE STAFFIN
IRS990/OtherExpensesGrp/ProgramServicesAmt0219552
IRS990/OtherExpensesGrp/ProgramServicesAmt175029
IRS990/OtherExpensesGrp/ProgramServicesAmt25900
IRS990/OtherExpensesGrp/ProgramServicesAmt32895
IRS990/OtherExpensesGrp/TotalAmt0219552
IRS990/OtherExpensesGrp/TotalAmt175029
IRS990/OtherExpensesGrp/TotalAmt25900
IRS990/OtherExpensesGrp/TotalAmt32895
IRS990/OtherLiabilitiesGrp/BOYAmt016543
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/Desc0DEVELOPER FEE
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt011788
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt036867
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt036867
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt111788
IRS990/OtherRevenueTotalAmt048655
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt042153
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0CHRIST COUMANIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE HUD
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt045454
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt128198
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt045454
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt128198
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03226
IRS990/PYOtherExpensesAmt0515879
IRS990/PYOtherRevenueAmt01249
IRS990/PYProgramServiceRevenueAmt0466694
IRS990/PYRevenuesLessExpensesAmt0-44710
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0515879
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0471169
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01125597
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0110519
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/CurrentTaxYearAmt0319
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03226
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt012
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01003
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02740
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt07300
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0110519
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0466694
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0450685
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0437866
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0438168
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01903932
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0319
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03226
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt012
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01003
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02740
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt07300
IRS990ScheduleA/InvestmentIncomeCYPct00.00380
IRS990ScheduleA/InvestmentIncomePYPct00.00610
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt011788
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01249
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01444
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt010402
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt010528
IRS990ScheduleA/OtherIncome509Grp/TotalAmt035411
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97810
IRS990ScheduleA/PublicSupportPY509Pct00.98250
IRS990ScheduleA/PublicSupportTotal509Amt01903932
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0110519
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0466694
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0450685
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0437866
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0438168
IRS990ScheduleA/Total509Grp/TotalAmt01903932
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0122626
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0471169
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0452141
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0449271
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0451436
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01946643
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02325000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SELLER'S NOTE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02325000
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION AIMS TO IMPROVE THE QUALITY OF LIFE FOR ELDERLY OR DISABLED INDIVIDUALS BY OFFERING SAFE, AFFORDABLE, AND SUPPORTIVE HOUSING OPTIONS, PRIMARILY BY PARTICIPATING IN THE OWNERSHIP OF TAX CREDIT PROJECTS FORMED TO INVEST IN AFFORDABLE HOUSING. ADDITIONALLY, THE CORPORATION SEEKS TO ENHANCE THE WELL-BEING OF THE LOCAL COMMUNITY IN WHICH THE HOUSING IS LOCATED BY FOSTERING COMMUNITY ENGAGEMENT, AWARDING SCHOLARSHIPS TO INDIVIDUALS IN THE LOCAL COMMUNITY NEEDING FINANCIAL ASSISTANCE IN ORDER TO ACHIEVE AN EDUCATION, SUPPORT LOCAL INITIATIVES, AND COLLABORATING WITH OTHER ORGANIZATIONS TO ADDRESS THE NEEDS OF THE COMMUNITY ON A NONPROFIT BASIS.
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/ExplanationTxt3REVIEW THE POLICY ON AN ANNUAL BASIS WITH THE BOARD OF DIRECTORS TO MAKE SURE THAT EVERYONE IS COMPLYING.
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 AUDIT ISSUED WAS FOR SHORT PERIOD JULY 1, 2023 TO AUGUST 2, 2023, PRIOR TO THE ASSET SALE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, 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 B, LINE 12C
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 3B
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00

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