Ahepa 501-II Inc

990 • Fiscal year 2014 • EIN 85-0458871

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 15, 2014

Organization Profile N/A

6700 Los Volcanes Road NW87121

(505) 833-3139

Siviq Scores

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

0.02x

Higher debt load relative to assets than 14% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Source year 2014

0.15x

Higher debt load relative to revenue than 17% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Source year 2014

-12%

Higher net margin than 41% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Source year 2014

Higher top officer pay than 53% of similar nonprofits.

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

2014 filings • NTEE L • $1M-$5M nonprofits • Source year 2014

-1.5%

Faster asset growth than 58% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2013 to 2014

-0.5%

Faster revenue growth than 35% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet

Liabilities / Assets14th percentile

Assets

Down

$2,546,458

Down $38,633 (-1.5%) from 2013

Net Assets

Down

$2,492,079

Down $44,684 (-1.8%) from 2013

Liabilities

$54,379

Up $6,051 (+13%) from 2013

Revenue And Expenses

Liabilities / Revenue17th percentile Net Margin41st percentile

Revenue

Down

$365,688

Down $1,678 (-0.5%) from 2013

Expenses

$410,372

Up $30,402 (+8.0%) from 2013

Net Income

Down

-$44,684

Down $32,080 (-255%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth58th percentile

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

Highlighted filing

2014

Assets$2,546,458

Liabilities$54,379

Net Assets$2,492,079

Open 2014 Filing

Operations Trend

Revenue Growth35th percentile

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

Highlighted filing

2014

Revenue$365,688

Expenses$410,372

Net Income-$44,684

Open 2014 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2013 to Jun 30, 2014
Signed: Oct 15, 2014
Return Version: 2013v3.0
Gross Receipts: $365,688

Mission and Program Overview

Mission

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

Ahepa 501-ii, 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 50-unit apartment community in albuquerque, new mexico, known as ahepa 501-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

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$2,229,840	$2,152,469	▼ $77,371
Investments Program Related	$330,026	$329,819	▼ $207
Cash and Non-Interest-Bearing Accounts	$317	$40,216	▲ $39,899
Prepaid Expenses and Deferred Charges	$8,823	$9,207	▲ $384
Accounts Receivable	$1,341	$0	▼ $1,341
Total Assets	$2,585,091	$2,546,458	▼ $38,633
Other Assets Total	$14,744	$14,747	▲ $3
Liabilities
Accounts Payable and Accrued Expenses	$34,730	$40,015	▲ $5,285
Other Liabilities	$13,535	$14,364	▲ $829
Deferred Revenue	$63	$0	▼ $63
Total Liabilities	$48,328	$54,379	▲ $6,051
Net Assets / Fund Balance
Unrestricted Net Assets	$2,536,763	$2,492,079	▼ $44,684
Total Net Assets Fund Balance	$2,536,763	$2,492,079	▼ $44,684
Total Liabilities and Net Assets / Fund Balance	$2,585,091	$2,546,458	▼ $38,633

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$1,797,612	$966,760	$2,764,372
Land	$323,024	-	$323,024
Equipment	$31,833	$69,048	$100,881
Investment Program Related Org	$87,246	-	-

Compensation and Service Providers

Top Officer Pay53rd percentile

Board Members and Trustees

Name	Title
Tasso Chronis	President
Paul Miaris	Vice President
Christopher Chronis	Director
Mark Bullock	Director
Mary M Verges	Director
Nick Chronis	Director
Pete Callas	Director
Steve Anagnostakos	Director
Tom N Pearson	Director
Nick Bakas	Secretary/treasurer

Revenue and Support

Revenue Composition

Contributions and Grants: $189,303
Program Service Revenue: $174,956
Investment Income: $33
Other Revenue: $1,396
Change in Net Assets: $-44,684

Audited Revenue Reconciliation

Revenue per Audited Statements: $365,688
Revenue Not Reported on Financial Statements: $0
Revenue Not Reported on Form 990: $0
Total Revenue per Audited Statements: $365,688
Total Revenue per Form 990: $365,688

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$410,372
Grants and Similar Amounts Paid	$0
Professional Fundraising Fees	$0
Salaries, Compensation, and Employee Benefits	$0
Total Fundraising Expense	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Occupancy	$182,588	-	-	$182,588
Depreciation Depletion	$77,373	-	-	$77,373
Other Expenses	$29,833	-	-	$29,833
Fees for Services Management	-	$21,198	-	$21,198
Fees for Services Accounting	-	$10,530	-	$10,530
Office Expenses	-	$9,509	-	$9,509
Insurance	-	$2,840	-	$2,840
Information Technology	-	$2,721	-	$2,721
Conferences and Meetings	-	$1,868	-	$1,868
Total Functional Expenses	$361,706	$48,666	$0	$410,372

Audited Expense Reconciliation

Line Item	Amount
Expenses per Audited Statements	$410,372
Total Expenses per Audited Statements	$410,372
Total Expenses per Form 990	$410,372
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 Item	Amount
Professional Fundraising Fees	$0

Political and Lobbying Activity

Political campaign activity: No
Lobbying activity: No
Subject to proxy tax: No

Related Organizations and Partnerships

Related Tax-Exempt Organizations

Organization	Location	Activity	Code	Public Charity	Controlled
58-2170955	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
06-1783644	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
72-1397412	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
65-0444455	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
63-0877902	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
63-1140959	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
63-1262817	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
76-0402131	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
76-0492575	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
76-0580172	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
20-2099590	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
20-4271422	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
36-4304808	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
26-1587755	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
22-2989708	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
42-1417593	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
22-3210357	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
43-1224060	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
43-1455622	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
26-1531552	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
27-3127414	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
20-4874218	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
27-3543590	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
06-1084245	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
34-1964795	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
23-3087877	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
27-3219515	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
26-1866424	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
22-3112741	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
16-1565446	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
35-1634086	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
35-1916082	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
35-1978023	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
35-2104146	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
73-1694582	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
32-0192583	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
34-1467775	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
35-2157104	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
06-1160495	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
22-3433990	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
75-3030804	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
31-1539595	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
30-0054200	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
04-3401165	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
31-1760703	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
30-0141823	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
39-2068442	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
25-1856119	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
42-1329782	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
42-1487324	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
27-0084978	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
35-1552643	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
35-1635762	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
33-1039034	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
20-3265536	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
22-2778822	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
22-3348871	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
22-2855925	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
22-3265024	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
06-1422444	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
20-4556679	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
26-4231174	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
56-2031674	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
56-2133469	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
14-1993928	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
35-2317285	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
75-3149099	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
56-2523021	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
63-0955243	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
57-0886811	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
63-1039178	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
63-1080112	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
91-1955630	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
63-1194202	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
63-1262819	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
43-1962855	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
36-4528066	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
90-0343256	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
80-0360315	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
35-2390578	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
04-3708201	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
38-2742386	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
38-3554484	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
56-1961732	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
59-3699587	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
59-2842462	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
59-3760329	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
85-0439854	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
30-0241540	-	Affordable Low-income Housing	501(c)(3)	Line 9	No
52-1295844	-	Sponsoring and Granting Various Hud Developments for Elderly/handicapped	501(c)(3)	Line 9	No
35-1867058	-	Management & Operation of Affordable Housing	501(c)(3)	Line 9	No

Related Partnerships and Joint Ventures

Organization	Location	Activity	Income	Assets	Ownership	Managing Partner
27-3561603	-	Affordable Low-income Housing	-	-	-	No
80-0815644	-	Affordable Low-income Housing	-	-	-	No

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Tenant Security Deposits	$14,364

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 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 directors of the corporation shall, at all times, be limited to either individuals who are members of ahepa 501 - ii, inc., or nonmembers who have the approval of the board of directors of the sponsoring organization, ahepa national housing corporation. In the event that a director of the corporation ceases to be a member of ahepa 501 - ii, inc., or if the aforesaid approval is withdrawn, then, in either event, such shall constitute automatic resignation as a director of the corporation.”

Form 990, Part VI, Section B, Line 11

“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

EIN: 85-0458871
Phone: 5058333139

Signing Officer

Name: Tasso Chronis
Title: President
Phone: 5058333139
Signed: 2014-10-15
Discuss with paid preparer: Yes

Organization Details

Principal Officer: Tasso Chronis
Formed: 1999
Legal Domicile: Nm
Voting Board Members: 10
Independent Board Members: 10
Employees: 0
Volunteers: 0

Preparer

Preparer: Steven R Hise
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/Form990PartVIISectionAGrp/TitleTxt	4	DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt	5	DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt	6	DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt	7	DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt	8	DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt	9	DIRECTOR
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IRS990/MissionDesc	0	AHEPA 501-II, 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 50-UNIT APARTMENT COMMUNITY IN ALBUQUERQUE, NEW MEXICO, KNOWN AS AHEPA 501-II APARTMENTS, PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED. THE SPONSOR OF THE CORPORATION IS AHEPA NATIONAL HOUSING CORPORATION.
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt	2	39442
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt	3	87246
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc	0	ESCROW DEPOSITS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc	1	RESERVE FOR REPLACEMENTS FUND
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc	2	PAINTING RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc	3	RESIDUAL RECEIPTS FUND
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt	0	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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IRS990ScheduleD/TotalBookValueProgramRltdAmt	0	329819
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IRS990/ScheduleJRequiredInd	0	0
IRS990/ScheduleORequiredInd	0	1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	THE DIRECTORS OF THE CORPORATION SHALL, AT ALL TIMES, BE LIMITED TO EITHER INDIVIDUALS WHO ARE MEMBERS OF AHEPA 501 - II, INC., OR NONMEMBERS WHO HAVE THE APPROVAL OF THE BOARD OF DIRECTORS OF THE SPONSORING ORGANIZATION, AHEPA NATIONAL HOUSING CORPORATION. IN THE EVENT THAT A DIRECTOR OF THE CORPORATION CEASES TO BE A MEMBER OF AHEPA 501 - II, INC., OR IF THE AFORESAID APPROVAL IS WITHDRAWN, THEN, IN EITHER EVENT, SUCH SHALL CONSTITUTE AUTOMATIC RESIGNATION AS A DIRECTOR OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	5	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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	4	FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	5	FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd	0	0
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd	0	0
IRS990ScheduleR/AssetSaleToOtherOrgInd	0	0
IRS990ScheduleR/DivRelatedOrganizationInd	0	0
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd	0	0
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd	0	0
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd	0	0
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd	1	0
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1	0	AHEPA 310 INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1	1	AHEPA AFFORDABLE HOUSING MANAGEMENT COMPANY INC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $2,546,458
Liabilities: $54,379
Net assets: $2,492,079
Revenue: $365,688
Expenses: $410,372
Net income: -$44,684

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2025Detailed filing. Detailed filing data is available for this year.	$2.47	$0.06	$2.41	$0.54	$0.56	$0.02
2024Detailed filing. Detailed filing data is available for this year.	$2.50	$0.06	$2.44	$0.53	$0.50	$0.03
2023Detailed filing. Detailed filing data is available for this year.	$2.47	$0.06	$2.41	$0.51	$0.50	$0.01
2022Detailed filing. Detailed filing data is available for this year.	$2.45	$0.05	$2.40	$0.50	$0.45	$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.	$2.40	$0.06	$2.35	$0.49	$0.44	$0.06
2020Detailed filing. Detailed filing data is available for this year.	$2.33	$0.04	$2.29	$0.49	$0.46	$0.03
2019Detailed filing. Detailed filing data is available for this year.	$2.31	$0.05	$2.25	$0.48	$0.48	$0.01
2018Detailed filing. Detailed filing data is available for this year.	$2.32	$0.06	$2.26	$0.39	$0.51	$0.12
2017Detailed filing. Detailed filing data is available for this year.	$2.44	$0.05	$2.38	$0.37	$0.45	$0.08
2016Detailed filing. Detailed filing data is available for this year.	$2.51	$0.05	$2.46	$0.44	$0.40	$0.04
2015Detailed filing. Detailed filing data is available for this year.	$2.55	$0.13	$2.42	$0.37	$0.45	$0.08
2014Detailed filing. Detailed filing data is available for this year.	$2.55	$0.05	$2.49	$0.37	$0.41	$0.04
2013Summary only. Only limited summary data is available for this year.	$2.59	$0.05	$2.54	$0.37	$0.38	$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$2.59	$0.04	$2.55		$0.37
2011Summary only. Only limited summary data is available for this year.	$2.59	$3.08	$0.50	$0.35	$0.35	$0.01