Civic Intelligence

Ahepa 501 Inc.

990 • Fiscal year 2019 • EIN 85-0439854

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 20, 2019

6800 Los Volcanes Road NWAlbuquerque, NM 87121

(505) 833-3139

Siviq Scores

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

Liabilities / Assets

12th percentile

0.02x

Higher debt load relative to assets than 12% of similar nonprofits.

2019 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

7th percentile

0.08x

Higher debt load relative to revenue than 7% of similar nonprofits.

2019 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2019

Net Margin

84th percentile

10%

Higher net margin than 84% of similar nonprofits.

2019 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

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

2019 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2019

Asset Growth

82nd percentile

2.6%

Faster asset growth than 82% of similar nonprofits.

2019 filings • NTEE L22 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

87th percentile

15%

Faster revenue growth than 87% of similar nonprofits.

2019 filings • NTEE L22 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,698,302

Up $42,286 (+2.6%) from 2018

Net Assets

Up

$1,663,452

Up $43,285 (+2.7%) from 2018

Liabilities

Down

$34,850

Down $999 (-2.8%) from 2018

Revenue

Up

$414,161

Up $54,311 (+15%) from 2018

Expenses

Down

$370,876

Down $42,334 (-10%) from 2018

Net Income

Up

$43,285

Up $96,645 (+181%) 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$0Assets 2012: $1,977,627Liabilities 2012: $64,158Net Assets 2012: $1,913,4692012Assets 2013: $1,875,067Liabilities 2013: $54,815Net Assets 2013: $1,820,2522013Assets 2014: $1,806,936Liabilities 2014: $32,860Net Assets 2014: $1,774,0762014Assets 2015: $1,766,696Liabilities 2015: $56,580Net Assets 2015: $1,710,1162015Assets 2016: $1,745,699Liabilities 2016: $81,634Net Assets 2016: $1,664,0652016Assets 2017: $1,718,385Liabilities 2017: $44,858Net Assets 2017: $1,673,5272017Assets 2018: $1,656,016Liabilities 2018: $35,849Net Assets 2018: $1,620,1672018Assets 2019: $1,698,302Liabilities 2019: $34,850Net Assets 2019: $1,663,4522019Assets 2020: $1,767,017Liabilities 2020: $36,312Net Assets 2020: $1,730,7052020Assets 2021: $1,852,192Liabilities 2021: $44,452Net Assets 2021: $1,807,7402021Assets 2022: $1,936,589Liabilities 2022: $41,946Net Assets 2022: $1,894,6432022Assets 2023: $2,000,529Liabilities 2023: $61,522Net Assets 2023: $1,939,0072023Assets 2025: $2,084,098Liabilities 2025: $61,082Net Assets 2025: $2,023,0162025

Highlighted filing

2019

Assets$1,698,302
Liabilities$34,850
Net Assets$1,663,452

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2012: $312,7412012Expenses 2013: $364,7552013Revenue 2014: $288,161Expenses 2014: $334,337Net Income 2014: -$46,1762014Revenue 2015: $288,403Expenses 2015: $352,363Net Income 2015: -$63,9602015Revenue 2016: $295,590Expenses 2016: $341,641Net Income 2016: -$46,0512016Revenue 2017: $389,146Expenses 2017: $379,684Net Income 2017: $9,4622017Revenue 2018: $359,850Expenses 2018: $413,210Net Income 2018: -$53,3602018Revenue 2019: $414,161Expenses 2019: $370,876Net Income 2019: $43,2852019Revenue 2020: $444,515Expenses 2020: $377,262Net Income 2020: $67,2532020Revenue 2021: $445,020Expenses 2021: $367,990Net Income 2021: $77,0302021Revenue 2022: $486,936Expenses 2022: $400,033Net Income 2022: $86,9032022Revenue 2023: $471,749Expenses 2023: $427,385Net Income 2023: $44,3642023Revenue 2025: $490,227Expenses 2025: $478,650Net Income 2025: $11,5772025

Highlighted filing

2019

Revenue$414,161
Expenses$370,876
Net Income$43,285
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 20, 2019
Return Version
2018v3.1
Gross Receipts
$414,161
Mission and Program Overview

Mission

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

Ahepa 501, inc. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of new mexico. The corporation was organized to construct, own and operate a 48-unit apartment community in albuquerque, new mexico, known as ahepa 501 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$1,403,299$1,363,016▼ $40,283
Investments Program Related$208,785$301,344▲ $92,559
Prepaid Expenses and Deferred Charges$14,630$15,414▲ $784
Cash and Non-Interest-Bearing Accounts$14,348$4,724▼ $9,624
Accounts Receivable$1,720$511▼ $1,209
Total Assets$1,656,016$1,698,302▲ $42,286
Other Assets Total$13,234$13,293▲ $59
Liabilities
Accounts Payable and Accrued Expenses$23,377$22,457▼ $920
Other Liabilities$12,472$12,393▼ $79
Total Liabilities$35,849$34,850▼ $999
Net Assets / Fund Balance
Unrestricted Net Assets$1,620,167$1,663,452▲ $43,285
Total Net Assets Fund Balance$1,620,167$1,663,452▲ $43,285
Total Liabilities and Net Assets / Fund Balance$1,656,016$1,698,302▲ $42,286

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,088,773$1,251,954$2,340,727
Land$243,575-$243,575
Equipment$30,668$95,806$126,474
Leasehold Improvements$0$24,086$24,086
Investment Program Related Org$12,055--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mark BullockPresident
Paul MiarisVice President
Christopher ChronisDirector
George ChambersDirector
Mary M VergesDirector
Nick BakasDirector
Steve AnagnostakosDirector
Thomas GriegoDirector
Nick ChronisSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$273,886
Program Service Revenue
$136,658
Investment Income
$761
Other Revenue
$2,856
Change in Net Assets
$43,285

Audited Revenue Reconciliation

Revenue per Audited Statements
$414,161
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$414,161
Total Revenue per Form 990
$414,161
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$370,876
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$134,086--$134,086
Depreciation Depletion$69,137--$69,137
Office Expenses-$23,518-$23,518
Fees for Services Management-$20,350-$20,350
Fees for Services Accounting-$11,718-$11,718
Insurance-$4,278-$4,278
Information Technology-$2,529-$2,529
Conferences and Meetings-$2,032-$2,032
Other Expenses$1,459--$1,459
Fees for Services Legal-$1,090-$1,090
Total Functional Expenses$305,361$65,515$0$370,876

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$370,876
Total Expenses per Audited Statements$370,876
Total Expenses per Form 990$370,876
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$12,338
Residual Receipts Subject to Recapt$55
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

The following board members have a family relationship: christopher chronis (director) and nick chronis (secretary/treasurer).

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

All directors must be either members of the ahepa national housing corporation and members in good standing of the order of ahepa or daughters of penelope or approved by the ahepa national housing corporation.

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 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 501 Inc
EIN
85-0439854
Phone
5058333139
Address
6800 LOS VOLCANES ROAD NW, ALBUQUERQUE, NM 87121

Signing Officer

Name
Mark Bullock
Title
President
Phone
5058333139
Signed
2019-11-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Bullock
Formed
1995
Legal Domicile
Nm
Voting Board Members
9
Independent Board Members
9
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/OtherExpensesGrp/Desc0MANAGEMENT COMPANY EMPL
IRS990/OtherExpensesGrp/Desc1SERVICE COORDINATOR
IRS990/OtherExpensesGrp/Desc2REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc3BAD DEBT
IRS990/OtherExpensesGrp/ProgramServicesAmt046990
IRS990/OtherExpensesGrp/ProgramServicesAmt141287
IRS990/OtherExpensesGrp/ProgramServicesAmt212402
IRS990/OtherExpensesGrp/ProgramServicesAmt31459
IRS990/OtherExpensesGrp/TotalAmt046990
IRS990/OtherExpensesGrp/TotalAmt141287
IRS990/OtherExpensesGrp/TotalAmt212402
IRS990/OtherExpensesGrp/TotalAmt31459
IRS990/OtherLiabilitiesGrp/BOYAmt012472
IRS990/OtherLiabilitiesGrp/EOYAmt012393
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/Desc0TENANT CHARGES
IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY & VENDING
IRS990/OtherRevenueMiscGrp/ExclusionAmt01704
IRS990/OtherRevenueMiscGrp/ExclusionAmt11152
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01704
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11152
IRS990/OtherRevenueTotalAmt02856
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014630
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015414
IRS990/PrincipalOfficerNm0MARK BULLOCK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0136658
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0136658
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0220252
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt058
IRS990/PYOtherExpensesAmt0413210
IRS990/PYOtherRevenueAmt01514
IRS990/PYProgramServiceRevenueAmt0138026
IRS990/PYRevenuesLessExpensesAmt0-53360
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0413210
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0359850
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt043285
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0136658
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/CurrentTaxYearAmt0273886
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0220252
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0208776
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0152275
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0141048
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0996237
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0761
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt058
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt062
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt049
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt034
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0964
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0136658
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0138026
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0135436
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0141838
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0145218
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0697176
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0761
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt058
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt062
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt049
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt034
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0964
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt02856
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01514
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02172
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01428
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02103
IRS990ScheduleA/OtherIncome509Grp/TotalAmt010073
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99350
IRS990ScheduleA/PublicSupportPY509Pct00.99450
IRS990ScheduleA/PublicSupportTotal509Amt01693413
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0410544
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0358278
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0344212
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0294113
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0286266
IRS990ScheduleA/Total509Grp/TotalAmt01693413
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0414161
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0359850
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0346446
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0295590
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0288403
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01704450
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/BookValueAmt01088773
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01251954
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02340727
IRS990ScheduleD/EquipmentGrp/BookValueAmt030668
IRS990ScheduleD/EquipmentGrp/DepreciationAmt095806
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0126474
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0370876
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0100000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1175068
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt214221
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt312055
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/BookValueAmt0243575
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0243575
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt024086
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt024086
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt055
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt112338
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RESIDUAL RECEIPTS SUBJECT TO RECAPT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0414161
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/TotalBookValueLandBuildingsAmt01363016
IRS990ScheduleD/TotalBookValueProgramRltdAmt0301344
IRS990ScheduleD/TotalExpensesPerForm990Amt0370876
IRS990ScheduleD/TotalLiabilityAmt012393
IRS990ScheduleD/TotalRevenuePerForm990Amt0414161
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0414161
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0370876
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOLLOWING BOARD MEMBERS HAVE A FAMILY RELATIONSHIP: CHRISTOPHER CHRONIS (DIRECTOR) AND NICK CHRONIS (SECRETARY/TREASURER).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/ExplanationTxt2ALL DIRECTORS MUST BE EITHER MEMBERS OF THE AHEPA NATIONAL HOUSING CORPORATION AND MEMBERS IN GOOD STANDING OF THE ORDER OF AHEPA OR DAUGHTERS OF PENELOPE OR APPROVED BY THE AHEPA NATIONAL HOUSING CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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/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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.08$0.06$2.02$0.49$0.48$0.01
2023Summary only. Only limited summary data is available for this year.$2.00$0.06$1.94$0.47$0.43$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.94$0.04$1.89$0.49$0.40$0.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.85$0.04$1.81$0.45$0.37$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.77$0.04$1.73$0.44$0.38$0.07
2019Detailed filing. Detailed filing data is available for this year.$1.70$0.03$1.66$0.41$0.37$0.04
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.66$0.04$1.62$0.36$0.41$0.05
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$0.04$1.67$0.39$0.38$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.75$0.08$1.66$0.30$0.34$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.77$0.06$1.71$0.29$0.35$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.81$0.03$1.77$0.29$0.33$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.88$0.05$1.82$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.98$0.06$1.91$0.31