Civic Intelligence

Ahepa 29 Inc.

990 • Fiscal year 2019 • EIN 76-0402131

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 21, 2019

13830 Canyon HillHouston, TX 77083

(713) 520-0263

Siviq Scores

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

Liabilities / Assets

31st percentile

0.02x

Higher debt load relative to assets than 31% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

43rd percentile

0.06x

Higher debt load relative to revenue than 43% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

29th percentile

-3.7%

Higher net margin than 29% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

35th percentile

-1.0%

Faster asset growth than 35% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

53rd percentile

5.3%

Faster revenue growth than 53% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,950,999

Down $19,437 (-1.0%) from 2018

Net Assets

Down

$1,921,049

Down $17,996 (-0.9%) from 2018

Liabilities

Down

$29,950

Down $1,441 (-4.6%) from 2018

Revenue

Up

$491,001

Up $24,855 (+5.3%) from 2018

Expenses

Down

$508,997

Down $21,434 (-4.0%) from 2018

Net Income

Up

-$17,996

Up $46,289 (+72%) from 2018

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 2011: $2,359,535Liabilities 2011: $3,375,748Net Assets 2011: -$1,016,2132011Assets 2012: $2,299,959Liabilities 2012: $144,254Net Assets 2012: $2,155,7052012Assets 2013: $2,145,493Liabilities 2013: $52,274Net Assets 2013: $2,093,2192013Assets 2014: $2,119,401Liabilities 2014: $34,607Net Assets 2014: $2,084,7942014Assets 2015: $2,090,065Liabilities 2015: $34,418Net Assets 2015: $2,055,6472015Assets 2016: $2,055,275Liabilities 2016: $28,802Net Assets 2016: $2,026,4732016Assets 2017: $2,034,859Liabilities 2017: $31,529Net Assets 2017: $2,003,3302017Assets 2018: $1,970,436Liabilities 2018: $31,391Net Assets 2018: $1,939,0452018Assets 2019: $1,950,999Liabilities 2019: $29,950Net Assets 2019: $1,921,0492019Assets 2020: $1,951,304Liabilities 2020: $42,624Net Assets 2020: $1,908,6802020Assets 2021: $1,790,015Liabilities 2021: $41,989Net Assets 2021: $1,748,0262021Assets 2022: $1,533,527Liabilities 2022: $40,958Net Assets 2022: $1,492,5692022Assets 2023: $1,612,209Liabilities 2023: $114,100Net Assets 2023: $1,498,1092023Assets 2024: $1,586,112Liabilities 2024: $62,982Net Assets 2024: $1,523,1302024

Highlighted filing

2019

Assets$1,950,999
Liabilities$29,950
Net Assets$1,921,049

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $437,417Expenses 2011: $409,565Net Income 2011: $27,8522011Expenses 2012: $467,8962012Expenses 2013: $508,1172013Revenue 2014: $445,746Expenses 2014: $454,171Net Income 2014: -$8,4252014Revenue 2015: $447,011Expenses 2015: $476,158Net Income 2015: -$29,1472015Revenue 2016: $448,414Expenses 2016: $477,588Net Income 2016: -$29,1742016Revenue 2017: $460,057Expenses 2017: $483,200Net Income 2017: -$23,1432017Revenue 2018: $466,146Expenses 2018: $530,431Net Income 2018: -$64,2852018Revenue 2019: $491,001Expenses 2019: $508,997Net Income 2019: -$17,9962019Revenue 2020: $526,626Expenses 2020: $538,995Net Income 2020: -$12,3692020Revenue 2021: $532,908Expenses 2021: $693,561Net Income 2021: -$160,6532021Revenue 2022: $539,714Expenses 2022: $795,171Net Income 2022: -$255,4572022Revenue 2023: $565,900Expenses 2023: $560,360Net Income 2023: $5,5402023Revenue 2024: $653,488Expenses 2024: $628,467Net Income 2024: $25,0212024

Highlighted filing

2019

Revenue$491,001
Expenses$508,997
Net Income-$17,996
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 21, 2019
Return Version
2018v3.1
Gross Receipts
$491,001
Mission and Program Overview

Mission

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

Ahepa 29, inc. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of texas. The corporation was organized to construct, own and operate a 54-unit apartment community in houston, texas, known as ahepa 29 apartments, pursuant to section 202 of the national affordable housing act, as amended. The sponsor of the corporation is ahepa national housing corporation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,247,153$1,149,484▼ $97,669
Investments Program Related$674,428$753,097▲ $78,669
Prepaid Expenses and Deferred Charges$20,637$25,048▲ $4,411
Cash and Non-Interest-Bearing Accounts$15,527$11,103▼ $4,424
Accounts Receivable$489$11▼ $478
Total Assets$1,970,436$1,950,999▼ $19,437
Other Assets Total$12,202$12,256▲ $54
Liabilities
Accounts Payable and Accrued Expenses$19,294$18,068▼ $1,226
Other Liabilities$12,097$11,875▼ $222
Deferred Revenue$0$7▲ $7
Total Liabilities$31,391$29,950▼ $1,441
Net Assets / Fund Balance
Unrestricted Net Assets$1,939,045$1,921,049▼ $17,996
Total Net Assets Fund Balance$1,939,045$1,921,049▼ $17,996
Total Liabilities and Net Assets / Fund Balance$1,970,436$1,950,999▼ $19,437

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$962,761$2,228,467$3,191,228
Equipment$74,329$501,604$575,933
Land$105,013-$105,013
Leasehold Improvements$7,381$1,313$8,694
Investment Program Related Org$3,630--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$354,412
Program Service Revenue
$128,328
Investment Income
$6,858
Other Revenue
$1,403
Change in Net Assets
$-17,996

Audited Revenue Reconciliation

Revenue per Audited Statements
$491,001
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$491,001
Total Revenue per Form 990
$491,001
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$508,997
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
Occupancy$206,970--$206,970
Depreciation Depletion$119,445--$119,445
Office Expenses-$28,951-$28,951
Fees for Services Management-$22,213-$22,213
Fees for Services Accounting-$10,910-$10,910
Information Technology-$3,109-$3,109
Insurance-$2,886-$2,886
Conferences and Meetings-$2,822-$2,822
Travel-$918-$918
Other Expenses$143--$143
Total Functional Expenses$437,188$71,809$0$508,997

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$508,997
Total Expenses per Audited Statements$508,997
Total Expenses per Form 990$508,997
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
Tenant Security Deposits$11,875
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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 u.s. Department of housing and urban development. 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 ongoing 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 members of the corporation shall be the members in good standing of alexander the great, chapter no. 29, of the order of ahepa, the houston, texas, chapter of the international fraternal organization known as the order of ahepa (american hellenic educational and progressive association). The membership of the corporation may change from time to time as the members in good standing of alexander the great, chapter no. 29, order of ahepa change from time to time.

Form 990, Part VI, Section B, Line 11B

The auditing firm sends a draft of the return to the management company. The management company forwards a copy of the return to each board member for their comments prior to filing.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is included in the bylaws. All board members sign conflict of interest statements. Contracts are reviewed for possible violations.

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.

FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B:

All of the officers, directors, and employees listed in part vii, section a perform 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 their hours worked for related organizations both in terms of number of hours and type of work performed.

Filing and Contact Details

Filer

Filer Name
Ahepa 29 Inc
EIN
76-0402131
Phone
7135200263
Address
13830 CANYON HILL, HOUSTON, TX 77083

Signing Officer

Name
Konstantine D Angelo
Title
President
Phone
7135200263
Signed
2019-11-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Konstantine D Angelo
Formed
1992
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD 300, CARMEL, IN 46032
Preparer
Jonathan B Scott
Phone
3178485700
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The management company receives a copy of the audit. Prior to the finalization of the audit, a copy of the audit is given to all of the board members for their comments. When the audit is up for bid, the board discusses the relationship with the current auditors and makes a determination as to whether to maintain this relationship or change to a new auditing firm.

Financial Statement Notes

PART X, LINE 2:

The corporation is exempt from federal income tax under section 501(c)(3) of the internal revenue code and state income tax and has been classified as an other than private foundation. Accordingly, no provision for federal and state taxes on revenue and income has been recognized in the accompanying financial statements. Generally, the federal and state tax returns were subject to examinations from the three years after the later of the original or extended due date or the date filed with the applicable tax authority.

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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0AHEPA 29, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF TEXAS. THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 54-UNIT APARTMENT COMMUNITY IN HOUSTON, TEXAS, KNOWN AS AHEPA 29 APARTMENTS, PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED. THE SPONSOR OF THE CORPORATION IS AHEPA NATIONAL HOUSING CORPORATION.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0206970
IRS990/OccupancyGrp/TotalAmt0206970
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt028951
IRS990/OfficeExpensesGrp/TotalAmt028951
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt012202
IRS990/OtherAssetsTotalGrp/EOYAmt012256
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MANAGEMENT COMPANY EMPL
IRS990/OtherExpensesGrp/Desc1SERVICE COORDINATOR
IRS990/OtherExpensesGrp/Desc2BAD DEBTS
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IRS990/OtherExpensesGrp/ProgramServicesAmt138269
IRS990/OtherExpensesGrp/ProgramServicesAmt2143
IRS990/OtherExpensesGrp/TotalAmt072361
IRS990/OtherExpensesGrp/TotalAmt138269
IRS990/OtherExpensesGrp/TotalAmt2143
IRS990/OtherLiabilitiesGrp/BOYAmt012097
IRS990/OtherLiabilitiesGrp/EOYAmt011875
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/BusinessCd2531110
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY & VENDING
IRS990/OtherRevenueMiscGrp/Desc1TENANT CHARGES
IRS990/OtherRevenueMiscGrp/Desc2OTHER REVENUE-MISC.
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IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
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IRS990/PrincipalOfficerNm0KONSTANTINE D ANGELO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0128328
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0336151
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01706
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IRS990/PYOtherRevenueAmt03121
IRS990/PYProgramServiceRevenueAmt0125168
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IRS990/PYSalariesCompEmpBnftPaidAmt00
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-17996
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0128328
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/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12:
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0336151
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0335890
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0331162
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0331367
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01688982
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt06858
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01706
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01043
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01177
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0553
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt011337
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0128328
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0125168
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0120986
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0114819
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0113121
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0602422
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt06858
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01706
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01043
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01177
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0553
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt011337
IRS990ScheduleA/InvestmentIncomeCYPct00.00490
IRS990ScheduleA/InvestmentIncomePYPct00.00220
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01403
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt03121
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02138
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01256
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01970
IRS990ScheduleA/OtherIncome509Grp/TotalAmt09888
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99080
IRS990ScheduleA/PublicSupportPY509Pct00.99340
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0461319
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0456876
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0445981
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0444488
IRS990ScheduleA/Total509Grp/TotalAmt02291404
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0491001
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0466146
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0460057
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0448414
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0447011
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02312629
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0962761
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02228467
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03191228
IRS990ScheduleD/EquipmentGrp/BookValueAmt074329
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0501604
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0575933
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0508997
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1597764
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt270698
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt33630
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0ESCROW DEPOSITS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1RESERVE FOR REPLACEMENTS FUND
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2PAINTING RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3RESIDUAL RECEIPTS FUND
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/LandGrp/BookValueAmt0105013
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0105013
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt07381
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01313
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011875
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0491001
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01149484
IRS990ScheduleD/TotalBookValueProgramRltdAmt0753097
IRS990ScheduleD/TotalExpensesPerForm990Amt0508997
IRS990ScheduleD/TotalLiabilityAmt011875
IRS990ScheduleD/TotalRevenuePerForm990Amt0491001
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0491001
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0508997
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 U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. 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 ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.59$0.06$1.52$0.65$0.63$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.61$0.11$1.50$0.57$0.56$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.53$0.04$1.49$0.54$0.80$0.26
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$0.04$1.75$0.53$0.69$0.16
2020Detailed filing. Detailed filing data is available for this year.$1.95$0.04$1.91$0.53$0.54$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.95$0.03$1.92$0.49$0.51$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.97$0.03$1.94$0.47$0.53$0.06
2017Detailed filing. Detailed filing data is available for this year.$2.03$0.03$2.00$0.46$0.48$0.02
2016Detailed filing. Detailed filing data is available for this year.$2.06$0.03$2.03$0.45$0.48$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.09$0.03$2.06$0.45$0.48$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.12$0.03$2.08$0.45$0.45$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.15$0.05$2.09$0.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.30$0.14$2.16$0.47
2011Summary only. Only limited summary data is available for this year.$2.36$3.38$1.02$0.44$0.41$0.03