Civic Intelligence

Ahepa 78 Phase V Inc.

990 • Fiscal year 2025 • EIN 73-1694582

Jul 01, 2024 to Jun 30, 2025 • Filed on Mar 31, 2026

1852 West 79th PlaceMerrillville, IN 46410

(219) 793-9343

Siviq Scores

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

Liabilities / Assets

39th percentile

0.02x

Higher debt load relative to assets than 39% of similar nonprofits.

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

Liabilities / Revenue

59th percentile

0.13x

Higher debt load relative to revenue than 59% of similar nonprofits.

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

Net Margin

20th percentile

-9.1%

Higher net margin than 20% of similar nonprofits.

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

Top Officer Pay

42nd percentile

$0

Higher top officer pay than 42% of similar nonprofits.

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

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

Asset Growth

29th percentile

-2.0%

Faster asset growth than 29% of similar nonprofits.

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

Revenue Growth

39th percentile

1.6%

Faster revenue growth than 39% of similar nonprofits.

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

Assets

Down

$2,568,818

Down $98,936 (-3.7%) from 2023

Net Assets

Down

$2,509,922

Down $89,654 (-3.4%) from 2023

Liabilities

Down

$58,896

Down $9,282 (-14%) from 2023

Revenue

Up

$455,713

Up $31,696 (+7.5%) from 2023

Expenses

Up

$497,361

Up $44,693 (+9.9%) from 2023

Net Income

Down

-$41,648

Down $12,997 (-45%) from 2023

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $3,709,202Liabilities 2011: $4,185,732Net Assets 2011: -$476,5302011Assets 2012: $3,612,458Liabilities 2012: $49,746Net Assets 2012: $3,562,7122012Assets 2013: $3,507,408Liabilities 2013: $86,445Net Assets 2013: $3,420,9632013Assets 2014: $3,366,768Liabilities 2014: $76,814Net Assets 2014: $3,289,9542014Assets 2015: $3,251,368Liabilities 2015: $61,391Net Assets 2015: $3,189,9772015Assets 2016: $3,200,055Liabilities 2016: $69,658Net Assets 2016: $3,130,3972016Assets 2017: $3,188,936Liabilities 2017: $94,227Net Assets 2017: $3,094,7092017Assets 2018: $3,108,328Liabilities 2018: $66,344Net Assets 2018: $3,041,9842018Assets 2019: $3,006,126Liabilities 2019: $54,920Net Assets 2019: $2,951,2062019Assets 2020: $2,943,721Liabilities 2020: $57,003Net Assets 2020: $2,886,7182020Assets 2021: $2,847,413Liabilities 2021: $63,608Net Assets 2021: $2,783,8052021Assets 2022: $2,716,631Liabilities 2022: $88,404Net Assets 2022: $2,628,2272022Assets 2023: $2,667,754Liabilities 2023: $68,178Net Assets 2023: $2,599,5762023Assets 2025: $2,568,818Liabilities 2025: $58,896Net Assets 2025: $2,509,9222025

Highlighted filing

2025

Assets$2,568,818
Liabilities$58,896
Net Assets$2,509,922

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $292,566Expenses 2011: $372,411Net Income 2011: -$79,8452011Expenses 2012: $393,3912012Expenses 2013: $430,9942013Revenue 2014: $318,179Expenses 2014: $449,188Net Income 2014: -$131,0092014Revenue 2015: $340,704Expenses 2015: $440,681Net Income 2015: -$99,9772015Revenue 2016: $353,574Expenses 2016: $413,154Net Income 2016: -$59,5802016Revenue 2017: $370,372Expenses 2017: $406,060Net Income 2017: -$35,6882017Revenue 2018: $362,632Expenses 2018: $415,357Net Income 2018: -$52,7252018Revenue 2019: $363,919Expenses 2019: $454,698Net Income 2019: -$90,7792019Revenue 2020: $382,972Expenses 2020: $447,460Net Income 2020: -$64,4882020Revenue 2021: $395,399Expenses 2021: $498,315Net Income 2021: -$102,9162021Revenue 2022: $403,900Expenses 2022: $559,478Net Income 2022: -$155,5782022Revenue 2023: $424,017Expenses 2023: $452,668Net Income 2023: -$28,6512023Revenue 2025: $455,713Expenses 2025: $497,361Net Income 2025: -$41,6482025

Highlighted filing

2025

Revenue$455,713
Expenses$497,361
Net Income-$41,648
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 31, 2026
Return Version
2024v5.5
Gross Receipts
$455,713
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$2,283,348$2,240,374▼ $42,974
Prepaid Expenses and Deferred Charges$35,622$32,829▼ $2,793
Cash and Non-Interest-Bearing Accounts$4,127$6,726▲ $2,599
Accounts Receivable$4,097$4,188▲ $91
Total Assets$2,621,828$2,568,818▼ $53,010
Other Assets Total$294,634$284,701▼ $9,933
Liabilities
Other Liabilities$31,347$31,736▲ $389
Accounts Payable and Accrued Expenses$36,366$25,159▼ $11,207
Deferred Revenue$2,545$2,001▼ $544
Total Liabilities$70,258$58,896▼ $11,362
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,551,570$2,509,922▼ $41,648
Total Net Assets Fund Balance$2,551,570$2,509,922▼ $41,648
Total Liabilities and Net Assets / Fund Balance$2,621,828$2,568,818▼ $53,010

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,114,452$1,930,485$4,044,937
Land$120,000-$120,000
Equipment$5,922$69,726$75,648
Other Land Buildings$0$30,304$30,304
Other Assets Org$82,002--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$439,650
Investment Income
$10,278
Other Revenue
$5,785
Change in Net Assets
$-41,648

Audited Revenue Reconciliation

Revenue per Audited Statements
$455,713
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$455,713
Total Revenue per Form 990
$455,713
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$497,361
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$110,303--$110,303
Insurance$52,084--$52,084
Occupancy$44,712--$44,712
Fees for Services Management-$29,028-$29,028
All Other Expenses$24,359--$24,359
Other Expenses$9,702--$9,702
Fees for Services Accounting-$9,200-$9,200
Information Technology$8,895--$8,895
Office Expenses$4,264--$4,264
Conferences and Meetings-$2,799-$2,799
Advertising$763--$763
Interest$4--$4
Total Functional Expenses$456,334$41,027$0$497,361

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$497,361
Total Expenses per Audited Statements$497,361
Total Expenses per Form 990$497,361
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit Liability$18,681
SPONSOR'S EQUITY CONTRIBUTION$12,555
Miscellaneous Long Term Liability$500
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 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 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 78 Phase V Inc
EIN
73-1694582
Phone
2197939343
Address
1852 WEST 79TH PLACE, MERRILLVILLE, IN 46410

Signing Officer

Name
Leon Stath
Title
President
Phone
2197939343
Signed
2026-03-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leon Stath
Formed
2003
Legal Domicile
In
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.

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IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1TENANT ASSISTANCE HUD
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0225019
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1214631
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0225019
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1214631
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt06587
IRS990/PYOtherExpensesAmt0499447
IRS990/PYOtherRevenueAmt01326
IRS990/PYProgramServiceRevenueAmt0440729
IRS990/PYRevenuesLessExpensesAmt0-50805
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0499447
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0448642
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-41648
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0439650
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/CurrentTaxYearAmt010278
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt06587
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0775
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0219
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt035
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt017894
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0439650
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0440729
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0422049
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0399798
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0387642
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02089868
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt010278
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt06587
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0775
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0219
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt035
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt017894
IRS990ScheduleA/InvestmentIncomeCYPct00.00840
IRS990ScheduleA/InvestmentIncomePYPct00.00400
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt05785
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01326
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01193
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03883
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt07722
IRS990ScheduleA/OtherIncome509Grp/TotalAmt019909
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98220
IRS990ScheduleA/PublicSupportPY509Pct00.98320
IRS990ScheduleA/PublicSupportTotal509Amt02089868
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0439650
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0440729
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0422049
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0399798
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0387642
IRS990ScheduleA/Total509Grp/TotalAmt02089868
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0455713
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0448642
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0424017
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0403900
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0395399
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02127671
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02114452
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01930485
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04044937
IRS990ScheduleD/EquipmentGrp/BookValueAmt05922
IRS990ScheduleD/EquipmentGrp/DepreciationAmt069726
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt075648
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0497361
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0120000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0120000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0138288
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt122196
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt242205
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt310
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt482002
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4OTHER RESERVES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt030304
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt030304
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018681
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt212555
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MISCELLANEOUS LONG TERM LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SPONSOR'S EQUITY CONTRIBUTION
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0455713
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/TotalBookValueLandBuildingsAmt02240374
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0284701
IRS990ScheduleD/TotalExpensesPerForm990Amt0497361
IRS990ScheduleD/TotalLiabilityAmt031736
IRS990ScheduleD/TotalRevenuePerForm990Amt0455713
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0455713
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0497361
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/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/ExplanationTxt2THE IRS FORM 990 IS INITIALLY REVIEWED BY THE MANAGEMENT COMPANY AND THEN PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND FINAL APPROVAL BEFORE FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES AVAILABLE ALL DOCUMENTS REQUIRED BY LAW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A, PERFORMED SIMILAR DUTIES AND HAVE SIMILAR RESPONSIBILITIES FOR RELATED ORGANIZATIONS AS THEY DO FOR THIS ORGANIZATION. THEIR TOTAL HOURS WORKED PER WEEK FOR THIS ORGANIZATION ARE SIMILAR TO HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS WORKED AND TYPE OF WORK PERFORMED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS IS CONSISTENT WITH PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
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/FormAndLineReferenceDesc5PART 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/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd70
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd80
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd90
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd110
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd120
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd130
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd140
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd150
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd160
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd170

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.57$0.06$2.51$0.46$0.50$0.04
2023Summary only. Only limited summary data is available for this year.$2.67$0.07$2.60$0.42$0.45$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.72$0.09$2.63$0.40$0.56$0.16
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.85$0.06$2.78$0.40$0.50$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.94$0.06$2.89$0.38$0.45$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.01$0.05$2.95$0.36$0.45$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.11$0.07$3.04$0.36$0.42$0.05
2017Summary only. Only limited summary data is available for this year.$3.19$0.09$3.09$0.37$0.41$0.04
2016Detailed filing. Detailed filing data is available for this year.$3.20$0.07$3.13$0.35$0.41$0.06
2015Detailed filing. Detailed filing data is available for this year.$3.25$0.06$3.19$0.34$0.44$0.10
2014Detailed filing. Detailed filing data is available for this year.$3.37$0.08$3.29$0.32$0.45$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.51$0.09$3.42$0.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.61$0.05$3.56$0.39
2011Summary only. Only limited summary data is available for this year.$3.71$4.19$0.48$0.29$0.37$0.08