Civic Intelligence

Ahepa 29 Phase II Inc.

990 • Fiscal year 2019 • EIN 76-0492575

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

13830 Canyon HillHouston, TX 77083-3456

(281) 495-9977

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.02x

Higher debt load relative to assets than 32% of similar nonprofits.

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

Liabilities / Revenue

49th percentile

0.08x

Higher debt load relative to revenue than 49% of similar nonprofits.

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

Net Margin

13th percentile

-20%

Higher net margin than 13% 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

24th percentile

-3.7%

Faster asset growth than 24% of similar nonprofits.

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

Revenue Growth

58th percentile

7.4%

Faster revenue growth than 58% of similar nonprofits.

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

Assets

Down

$2,121,068

Down $80,809 (-3.7%) from 2018

Net Assets

Down

$2,084,915

Down $86,500 (-4.0%) from 2018

Liabilities

Up

$36,153

Up $5,691 (+19%) from 2018

Revenue

Up

$432,893

Up $29,964 (+7.4%) from 2018

Expenses

Up

$519,395

Up $73,420 (+16%) from 2018

Net Income

Down

-$86,502

Down $43,456 (-101%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $2,525,674Liabilities 2011: $2,782,902Net Assets 2011: -$257,2282011Assets 2012: $2,500,859Liabilities 2012: $156,521Net Assets 2012: $2,344,3382012Assets 2013: $2,437,331Liabilities 2013: $136,525Net Assets 2013: $2,300,8062013Assets 2014: $2,369,433Liabilities 2014: $64,613Net Assets 2014: $2,304,8202014Assets 2015: $2,318,024Liabilities 2015: $33,262Net Assets 2015: $2,284,7622015Assets 2016: $2,277,041Liabilities 2016: $34,967Net Assets 2016: $2,242,0742016Assets 2017: $2,250,942Liabilities 2017: $36,481Net Assets 2017: $2,214,4612017Assets 2018: $2,201,877Liabilities 2018: $30,462Net Assets 2018: $2,171,4152018Assets 2019: $2,121,068Liabilities 2019: $36,153Net Assets 2019: $2,084,9152019Assets 2020: $2,118,813Liabilities 2020: $38,865Net Assets 2020: $2,079,9482020Assets 2021: $2,100,988Liabilities 2021: $34,753Net Assets 2021: $2,066,2352021Assets 2022: $1,942,837Liabilities 2022: $31,328Net Assets 2022: $1,911,5092022Assets 2023: $1,997,006Liabilities 2023: $111,806Net Assets 2023: $1,885,2002023Assets 2024: $2,024,789Liabilities 2024: $76,536Net Assets 2024: $1,948,2532024

Highlighted filing

2019

Assets$2,121,068
Liabilities$36,153
Net Assets$2,084,915

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $336,723Expenses 2011: $374,828Net Income 2011: -$38,1052011Expenses 2012: $398,6742012Revenue 2013: $376,976Expenses 2013: $420,508Net Income 2013: -$43,5322013Revenue 2014: $376,240Expenses 2014: $372,226Net Income 2014: $4,0142014Revenue 2015: $387,021Expenses 2015: $407,079Net Income 2015: -$20,0582015Revenue 2016: $383,013Expenses 2016: $425,701Net Income 2016: -$42,6882016Revenue 2017: $396,184Expenses 2017: $423,797Net Income 2017: -$27,6132017Revenue 2018: $402,929Expenses 2018: $445,975Net Income 2018: -$43,0462018Revenue 2019: $432,893Expenses 2019: $519,395Net Income 2019: -$86,5022019Revenue 2020: $458,161Expenses 2020: $463,128Net Income 2020: -$4,9672020Revenue 2021: $458,619Expenses 2021: $472,330Net Income 2021: -$13,7112021Revenue 2022: $466,004Expenses 2022: $620,730Net Income 2022: -$154,7262022Revenue 2023: $484,579Expenses 2023: $510,888Net Income 2023: -$26,3092023Revenue 2024: $571,242Expenses 2024: $508,189Net Income 2024: $63,0532024

Highlighted filing

2019

Revenue$432,893
Expenses$519,395
Net Income-$86,502
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 21, 2019
Return Version
2018v3.1
Gross Receipts
$432,893
Mission and Program Overview

Mission

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

Ahepa 29 phase ii, 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 47-unit apartment community in houston, texas, known as ahepa 29 ii 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$1,479,178$1,391,234▼ $87,944
Investments Program Related$675,488$691,616▲ $16,128
Prepaid Expenses and Deferred Charges$19,369$22,296▲ $2,927
Cash and Non-Interest-Bearing Accounts$17,375$5,669▼ $11,706
Accounts Receivable$0$-261▼ $261
Total Assets$2,201,877$2,121,068▼ $80,809
Other Assets Total$10,467$10,514▲ $47
Liabilities
Accounts Payable and Accrued Expenses$20,249$25,795▲ $5,546
Other Liabilities$10,213$10,357▲ $144
Deferred Revenue$0$1▲ $1
Total Liabilities$30,462$36,153▲ $5,691
Net Assets / Fund Balance
Unrestricted Net Assets$2,171,415$2,084,915▼ $86,500
Total Net Assets Fund Balance$2,171,415$2,084,915▼ $86,500
Total Liabilities and Net Assets / Fund Balance$2,201,877$2,121,068▼ $80,809

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,226,751$1,675,257$2,902,008
Equipment$73,508$131,560$205,068
Land$90,975-$90,975
Investment Program Related Org$2,313--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$321,468
Program Service Revenue
$102,609
Investment Income
$7,440
Other Revenue
$1,376
Change in Net Assets
$-86,502

Audited Revenue Reconciliation

Revenue per Audited Statements
$432,893
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$432,893
Total Revenue per Form 990
$432,893
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$519,395
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$248,592--$248,592
Depreciation Depletion$109,720--$109,720
Office Expenses-$26,311-$26,311
Fees for Services Management-$19,334-$19,334
Fees for Services Accounting-$10,307-$10,307
Insurance$1,210$1,496-$2,706
Conferences and Meetings-$2,466-$2,466
Information Technology-$1,505-$1,505
Fees for Services Legal-$1,385-$1,385
Travel-$904-$904
Other Expenses$87--$87
Total Functional Expenses$455,687$63,708$0$519,395

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$519,395
Total Expenses per Audited Statements$519,395
Total Expenses per Form 990$519,395
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$10,357
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. Each board member is required to sign a conflict of interest statement. 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 Phase Ii Inc
EIN
76-0492575
Phone
2814959977
Address
13830 CANYON HILL, HOUSTON, TX 77083-3456

Signing Officer

Name
Konstantine D Angelo
Title
President
Phone
2814959977
Signed
2019-11-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Konstantine D Angelo
Formed
1995
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/LandBldgEquipCostOrOtherBssAmt03198051
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0AHEPA 29 PHASE II, 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 47-UNIT APARTMENT COMMUNITY IN HOUSTON, TEXAS, KNOWN AS AHEPA 29 II APARTMENTS, PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED. THE SPONSOR OF THE CORPORATION IS AHEPA NATIONAL HOUSING CORPORATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02171415
IRS990/NetAssetsOrFundBalancesEOYAmt02084915
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0248592
IRS990/OccupancyGrp/TotalAmt0248592
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt026311
IRS990/OfficeExpensesGrp/TotalAmt026311
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt010467
IRS990/OtherAssetsTotalGrp/EOYAmt010514
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MANAGEMENT COMPANY EMPL
IRS990/OtherExpensesGrp/Desc1SERVICE COORDINATOR
IRS990/OtherExpensesGrp/Desc2BAD DEBTS
IRS990/OtherExpensesGrp/ProgramServicesAmt063373
IRS990/OtherExpensesGrp/ProgramServicesAmt132705
IRS990/OtherExpensesGrp/ProgramServicesAmt287
IRS990/OtherExpensesGrp/TotalAmt063373
IRS990/OtherExpensesGrp/TotalAmt132705
IRS990/OtherExpensesGrp/TotalAmt287
IRS990/OtherLiabilitiesGrp/BOYAmt010213
IRS990/OtherLiabilitiesGrp/EOYAmt010357
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY & VENDING
IRS990/OtherRevenueMiscGrp/Desc1TENANT CHARGES
IRS990/OtherRevenueMiscGrp/ExclusionAmt01128
IRS990/OtherRevenueMiscGrp/ExclusionAmt1248
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01128
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1248
IRS990/OtherRevenueTotalAmt01376
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt019369
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt022296
IRS990/PrincipalOfficerNm0KONSTANTINE D ANGELO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0102609
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0102609
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0295336
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01790
IRS990/PYOtherExpensesAmt0445975
IRS990/PYOtherRevenueAmt02003
IRS990/PYProgramServiceRevenueAmt0103800
IRS990/PYRevenuesLessExpensesAmt0-43046
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0445975
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0402929
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-86502
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0102609
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:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0321468
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0295336
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0286926
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0280281
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0284812
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01468823
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt07440
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01790
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01674
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01671
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0605
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt013180
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0102609
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0103800
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0104424
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt099762
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt099908
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0510503
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt07440
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01790
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01674
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01671
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0605
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt013180
IRS990ScheduleA/InvestmentIncomeCYPct00.00660
IRS990ScheduleA/InvestmentIncomePYPct00.00340
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01376
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02003
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03160
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01299
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01696
IRS990ScheduleA/OtherIncome509Grp/TotalAmt09534
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98870
IRS990ScheduleA/PublicSupportPY509Pct00.99180
IRS990ScheduleA/PublicSupportTotal509Amt01979326
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0424077
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0399136
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0391350
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0380043
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0384720
IRS990ScheduleA/Total509Grp/TotalAmt01979326
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0432893
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0402929
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0396184
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0383013
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0387021
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02002040
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/BookValueAmt01226751
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01675257
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02902008
IRS990ScheduleD/EquipmentGrp/BookValueAmt073508
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0131560
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0205068
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0519395
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt050004
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1568292
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt271007
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt32313
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/BookValueAmt090975
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt090975
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010357
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0432893
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/TotalBookValueLandBuildingsAmt01391234
IRS990ScheduleD/TotalBookValueProgramRltdAmt0691616
IRS990ScheduleD/TotalExpensesPerForm990Amt0519395
IRS990ScheduleD/TotalLiabilityAmt010357
IRS990ScheduleD/TotalRevenuePerForm990Amt0432893
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0432893
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0519395
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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE BYLAWS. EACH BOARD MEMBER IS REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT. CONTRACTS ARE REVIEWED FOR POSSIBLE VIOLATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE 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.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.02$0.08$1.95$0.57$0.51$0.06
2023Detailed filing. Detailed filing data is available for this year.$2.00$0.11$1.89$0.48$0.51$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.94$0.03$1.91$0.47$0.62$0.15
2021Detailed filing. Detailed filing data is available for this year.$2.10$0.03$2.07$0.46$0.47$0.01
2020Detailed filing. Detailed filing data is available for this year.$2.12$0.04$2.08$0.46$0.46$0.00
2019Detailed filing. Detailed filing data is available for this year.$2.12$0.04$2.08$0.43$0.52$0.09
2018Detailed filing. Detailed filing data is available for this year.$2.20$0.03$2.17$0.40$0.45$0.04
2017Detailed filing. Detailed filing data is available for this year.$2.25$0.04$2.21$0.40$0.42$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.28$0.03$2.24$0.38$0.43$0.04
2015Detailed filing. Detailed filing data is available for this year.$2.32$0.03$2.28$0.39$0.41$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.37$0.06$2.30$0.38$0.37$0.00
2013Summary only. Only limited summary data is available for this year.$2.44$0.14$2.30$0.38$0.42$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.50$0.16$2.34$0.40
2011Summary only. Only limited summary data is available for this year.$2.53$2.78$0.26$0.34$0.37$0.04