Civic Intelligence

Ahepa 29 Inc.

990 • Fiscal year 2021 • EIN 76-0402131

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 07, 2022

Organization ProfileN/A
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

37th percentile

0.02x

Higher debt load relative to assets than 37% of similar nonprofits.

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

Liabilities / Revenue

48th percentile

0.08x

Higher debt load relative to revenue than 48% of similar nonprofits.

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

Net Margin

8th percentile

-30%

Higher net margin than 8% 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

9th percentile

-8.3%

Faster asset growth than 9% of similar nonprofits.

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

Revenue Growth

34th percentile

1.2%

Faster revenue growth than 34% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets37th percentile

Assets

Down

$1,790,015

Down $161,289 (-8.3%) from 2020

Net Assets

Down

$1,748,026

Down $160,654 (-8.4%) from 2020

Liabilities

Down

$41,989

Down $635 (-1.5%) from 2020

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin8th percentile

Revenue

Up

$532,908

Up $6,282 (+1.2%) from 2020

Expenses

Up

$693,561

Up $154,566 (+29%) from 2020

Net Income

Down

-$160,653

Down $148,284 (-1199%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

2021

Assets$1,790,015
Liabilities$41,989
Net Assets$1,748,026
Open 2021 Filing

Operations Trend

Revenue Growth34th percentile

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

2021

Revenue$532,908
Expenses$693,561
Net Income-$160,653
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 7, 2022
Return Version
2020v4.2
Gross Receipts
$532,908
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,053,217$936,960▼ $116,257
Prepaid Expenses and Deferred Charges$28,830$29,951▲ $1,121
Cash and Non-Interest-Bearing Accounts$9,259$6,753▼ $2,506
Accounts Receivable$338$760▲ $422
Total Assets$1,951,395$1,790,015▼ $161,380
Other Assets Total$859,751$815,591▼ $44,160
Liabilities
Accounts Payable and Accrued Expenses$30,795$29,916▼ $879
Other Liabilities$11,921$11,807▼ $114
Deferred Revenue$0$266▲ $266
Total Liabilities$42,716$41,989▼ $727
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,908,679$1,748,026▼ $160,653
Total Net Assets Fund Balance$1,908,679$1,748,026▼ $160,653
Total Liabilities and Net Assets / Fund Balance$1,951,395$1,790,015▼ $161,380

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$763,404$2,816,434$3,579,838
Equipment$51,395$83,565$134,960
Land$105,013-$105,013
Other Land Buildings$17,148$69,849$86,997
Other Assets Org$74,756--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Konstantine D AngeloPresident
Pete G KaldisVice President
Angelo KostaridesDirector
Dr Nick J PatzakisDirector
James AthanasionDirector
Karl T GeocaDirector
Mary M VergesDirector
Nick StratasDirector
Tom N PearsonDirector
Mel MamulaSecretary
Stadis PatniyotTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$527,051
Investment Income
$429
Other Revenue
$5,428
Change in Net Assets
$-160,653

Audited Revenue Reconciliation

Revenue per Audited Statements
$532,908
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$532,908
Total Revenue per Form 990
$532,908
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$693,561
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$119,147--$119,147
Occupancy$60,476--$60,476
Insurance$40,792--$40,792
Fees for Services Management-$22,213-$22,213
All Other Expenses$12,976--$12,976
Other Expenses$12,418--$12,418
Fees for Services Accounting-$11,584-$11,584
Office Expenses$3,162--$3,162
Information Technology$2,698--$2,698
Conferences and Meetings-$427-$427
Total Functional Expenses$659,337$34,224$0$693,561

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$693,561
Total Expenses per Audited Statements$693,561
Total Expenses per Form 990$693,561
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 Deposits$11,807
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 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 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 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.”

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
2022-03-07
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
11

Preparer

Firm
Clark Schaefer Hackett & Co
Address
1 EAST 4TH STREET, CINCINNATI, OH 45202
Preparer
Renea R Irick
Phone
5132413111
Supplemental Narrative

Additional Explanations

Form 990 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.”

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IRS990/OtherExpensesGrp/Desc1MANAGEMENT EXPENSE STAF
IRS990/OtherExpensesGrp/Desc2SERVICE COORDINATOR EXP
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ProgramServicesAmt0187324
IRS990/OtherExpensesGrp/ProgramServicesAmt1171941
IRS990/OtherExpensesGrp/ProgramServicesAmt248403
IRS990/OtherExpensesGrp/ProgramServicesAmt312418
IRS990/OtherExpensesGrp/TotalAmt0187324
IRS990/OtherExpensesGrp/TotalAmt1171941
IRS990/OtherExpensesGrp/TotalAmt248403
IRS990/OtherExpensesGrp/TotalAmt312418
IRS990/OtherLiabilitiesGrp/BOYAmt011921
IRS990/OtherLiabilitiesGrp/EOYAmt011807
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt05428
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05428
IRS990/OtherRevenueTotalAmt05428
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt028830
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt029951
IRS990/PrincipalOfficerNm0KONSTANTINE D ANGELO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE HUD
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0389063
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1137988
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0389063
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1137988
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt011219
IRS990/PYOtherExpensesAmt0538995
IRS990/PYOtherRevenueAmt010462
IRS990/PYProgramServiceRevenueAmt0504945
IRS990/PYRevenuesLessExpensesAmt0-12369
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0538995
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0526626
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-160653
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0527051
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, REFERENCE PART III, LINE 12
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0429
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt011219
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt06858
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01706
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01043
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt021255
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0527051
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0504945
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0482740
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0461319
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0456876
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02432931
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0429
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt011219
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt06858
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01706
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01043
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt021255
IRS990ScheduleA/InvestmentIncomeCYPct00.00860
IRS990ScheduleA/InvestmentIncomePYPct00.00920
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt05428
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt010462
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01403
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03121
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02138
IRS990ScheduleA/OtherIncome509Grp/TotalAmt022552
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98230
IRS990ScheduleA/PublicSupportPY509Pct00.98320
IRS990ScheduleA/PublicSupportTotal509Amt02432931
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0527051
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0504945
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0482740
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0461319
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0456876
IRS990ScheduleA/Total509Grp/TotalAmt02432931
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0532908
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0526626
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0491001
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0466146
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0460057
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02476738
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0763404
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02816434
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03579838
IRS990ScheduleD/EquipmentGrp/BookValueAmt051395
IRS990ScheduleD/EquipmentGrp/DepreciationAmt083565
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0134960
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0693561
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0105013
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0105013
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0725169
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt112017
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt23649
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt374756
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3MINIMUM CAPITAL INVESTMENT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt017148
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt069849
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt086997
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011807
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0532908
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/TotalBookValueLandBuildingsAmt0936960
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0815591
IRS990ScheduleD/TotalExpensesPerForm990Amt0693561
IRS990ScheduleD/TotalLiabilityAmt011807
IRS990ScheduleD/TotalRevenuePerForm990Amt0532908
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0532908
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0693561
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 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/ExplanationTxt2REVIEW THE POLICY ON AN ANNUAL BASIS WITH THE BOARD OF DIRECTORS TO MAKE SURE THAT EVERYONE IS COMPLYING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS IS CONSISTENT WITH PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART 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/DirectControllingNACd0N/A

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,790,015
Liabilities
$41,989
Net assets
$1,748,026
Revenue
$532,908
Expenses
$693,561
Net income
-$160,653
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
2021Detailed filing. Detailed filing data is available for this year.$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