Civic Intelligence

Ahepa 29 Inc.

990 • Fiscal year 2023 • EIN 76-0402131

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 15, 2024

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

51st percentile

0.07x

Higher debt load relative to assets than 51% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

65th percentile

0.20x

Higher debt load relative to revenue than 65% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

43rd percentile

1.0%

Higher net margin than 43% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

52nd percentile

5.1%

Faster asset growth than 52% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

47th percentile

4.9%

Faster revenue growth than 47% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets51st percentile

Assets

Up

$1,612,209

Up $78,682 (+5.1%) from 2022

Net Assets

Up

$1,498,109

Up $5,540 (+0.4%) from 2022

Liabilities

Up

$114,100

Up $73,142 (+179%) from 2022

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin43rd percentile

Revenue

Up

$565,900

Up $26,186 (+4.9%) from 2022

Expenses

Down

$560,360

Down $234,811 (-30%) from 2022

Net Income

Up

$5,540

Up $260,997 (+102%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth52nd 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

2023

Assets$1,612,209
Liabilities$114,100
Net Assets$1,498,109
Open 2023 Filing

Operations Trend

Revenue Growth47th 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

2023

Revenue$565,900
Expenses$560,360
Net Income$5,540
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 15, 2024
Return Version
2022v5.0
Gross Receipts
$565,900
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$823,671$824,382▲ $711
Prepaid Expenses and Deferred Charges$34,821$46,112▲ $11,291
Cash and Non-Interest-Bearing Accounts-$1,355-
Accounts Receivable-$359-
Total Assets$1,533,527$1,612,209▲ $78,682
Other Assets Total$675,035$740,001▲ $64,966
Liabilities
Accounts Payable and Accrued Expenses$28,324$101,839▲ $73,515
Other Liabilities$11,905$11,767▼ $138
Deferred Revenue$729$494▼ $235
Total Liabilities$40,958$114,100▲ $73,142
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,492,569$1,498,109▲ $5,540
Total Net Assets Fund Balance$1,492,569$1,498,109▲ $5,540
Total Liabilities and Net Assets / Fund Balance$1,533,527$1,612,209▲ $78,682

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$651,991$3,042,707$3,694,698
Equipment$44,715$90,245$134,960
Land$105,013-$105,013
Other Land Buildings$22,663$70,070$92,733
Other Assets Org$27,750--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Konstantine D AngeloPresident
George RobinsonVice President
Angelo KostaridesDirector
Christo a ZgouridesDirector
Dr Nick J PatzakisDirector
Emmanuel KaitsonDirector
Emmanuel M SparatalisDirector
Mary M VergesDirector
Pete G KaldisDirector
Tom PearsonDirector
Mel MamulaSecretary
Stadis PatinyotTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$556,735
Investment Income
$4,222
Other Revenue
$4,943
Change in Net Assets
$5,540

Audited Revenue Reconciliation

Revenue per Audited Statements
$565,900
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$565,900
Total Revenue per Form 990
$565,900
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$560,360
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$116,221--$116,221
Insurance$66,174--$66,174
Occupancy$51,541--$51,541
Fees for Services Management-$22,213-$22,213
Other Expenses$17,550--$17,550
All Other Expenses$13,859--$13,859
Fees for Services Accounting-$11,990-$11,990
Information Technology$7,021--$7,021
Conferences and Meetings-$4,079-$4,079
Office Expenses$2,374--$2,374
Travel$100--$100
Total Functional Expenses$522,078$38,282$0$560,360

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$560,360
Total Expenses per Audited Statements$560,360
Total Expenses per Form 990$560,360
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$11,767
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
2024-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Konstantine D Angelo
Formed
1992
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
12

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, 2023 and 2022. 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, 2023 and 2022.”

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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/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/OccupancyGrp/ProgramServicesAmt051541
IRS990/OccupancyGrp/TotalAmt051541
IRS990/OfficeExpensesGrp/ProgramServicesAmt02374
IRS990/OfficeExpensesGrp/TotalAmt02374
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0675035
IRS990/OtherAssetsTotalGrp/EOYAmt0740001
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MANAGEMENT EXPENSE STAF
IRS990/OtherExpensesGrp/Desc1CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc2SERVICE COORDINATOR EXP
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ProgramServicesAmt0159137
IRS990/OtherExpensesGrp/ProgramServicesAmt153608
IRS990/OtherExpensesGrp/ProgramServicesAmt234493
IRS990/OtherExpensesGrp/ProgramServicesAmt317550
IRS990/OtherExpensesGrp/TotalAmt0159137
IRS990/OtherExpensesGrp/TotalAmt153608
IRS990/OtherExpensesGrp/TotalAmt234493
IRS990/OtherExpensesGrp/TotalAmt317550
IRS990/OtherLiabilitiesGrp/BOYAmt011905
IRS990/OtherLiabilitiesGrp/EOYAmt011767
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt04943
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04943
IRS990/OtherRevenueTotalAmt04943
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt034821
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt046112
IRS990/PrincipalOfficerNm0KONSTANTINE D ANGELO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE HUD
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0408200
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1148535
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0408200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1148535
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt059
IRS990/PYOtherExpensesAmt0795171
IRS990/PYOtherRevenueAmt02454
IRS990/PYProgramServiceRevenueAmt0537201
IRS990/PYRevenuesLessExpensesAmt0-255457
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0795171
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0539714
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt05540
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0556735
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/CurrentTaxYearAmt04222
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt059
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0429
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt011219
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt06858
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt022787
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0556724
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0537201
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0527051
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0504945
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0482740
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02608661
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04222
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt059
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0429
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt011219
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt06858
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt022787
IRS990ScheduleA/InvestmentIncomeCYPct00.00860
IRS990ScheduleA/InvestmentIncomePYPct00.00790
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt04943
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02454
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt05428
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt010462
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01403
IRS990ScheduleA/OtherIncome509Grp/TotalAmt024690
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98210
IRS990ScheduleA/PublicSupportPY509Pct00.98310
IRS990ScheduleA/PublicSupportTotal509Amt02608661
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0556724
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0537201
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0527051
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0504945
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0482740
IRS990ScheduleA/Total509Grp/TotalAmt02608661
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0565889
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0539714
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0532908
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0526626
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0491001
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02656138
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0651991
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03042707
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03694698
IRS990ScheduleD/EquipmentGrp/BookValueAmt044715
IRS990ScheduleD/EquipmentGrp/DepreciationAmt090245
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0134960
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0560360
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0105013
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0105013
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0696480
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt112101
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt23670
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt327750
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3MINIMUM CAPITAL INVESTMENT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt022663
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt070070
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt092733
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011767
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0565900
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, 2023 AND 2022. 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, 2023 AND 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0824382
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0740001
IRS990ScheduleD/TotalExpensesPerForm990Amt0560360
IRS990ScheduleD/TotalLiabilityAmt011767
IRS990ScheduleD/TotalRevenuePerForm990Amt0565900
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0565900
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0560360
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

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,612,209
Liabilities
$114,100
Net assets
$1,498,109
Revenue
$565,900
Expenses
$560,360
Net income
$5,540
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