Civic Intelligence

Ahepa 501-II Inc

990 • Fiscal year 2016 • EIN 85-0458871

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 05, 2016

6700 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

13th percentile

0.02x

Higher debt load relative to assets than 13% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

13th percentile

0.11x

Higher debt load relative to revenue than 13% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Net Margin

74th percentile

9.8%

Higher net margin than 74% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2016 filings • NTEE L • $1M-$5M nonprofits • Source year 2016

Asset Growth

56th percentile

-1.7%

Faster asset growth than 56% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

85th percentile

20%

Faster revenue growth than 85% of similar nonprofits.

2016 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$2,506,292

Down $42,755 (-1.7%) from 2015

Net Assets

Up

$2,459,068

Up $43,312 (+1.8%) from 2015

Liabilities

Down

$47,224

Down $86,067 (-65%) from 2015

Revenue

Up

$442,672

Up $73,693 (+20%) from 2015

Expenses

Down

$399,360

Down $45,942 (-10%) from 2015

Net Income

Up

$43,312

Up $119,635 (+157%) from 2015

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $2,588,473Liabilities 2011: $3,083,702Net Assets 2011: -$495,2292011Assets 2012: $2,588,099Liabilities 2012: $38,732Net Assets 2012: $2,549,3672012Assets 2013: $2,585,091Liabilities 2013: $48,328Net Assets 2013: $2,536,7632013Assets 2014: $2,546,458Liabilities 2014: $54,379Net Assets 2014: $2,492,0792014Assets 2015: $2,549,047Liabilities 2015: $133,291Net Assets 2015: $2,415,7562015Assets 2016: $2,506,292Liabilities 2016: $47,224Net Assets 2016: $2,459,0682016Assets 2017: $2,437,848Liabilities 2017: $54,678Net Assets 2017: $2,383,1702017Assets 2018: $2,319,870Liabilities 2018: $56,792Net Assets 2018: $2,263,0782018Assets 2019: $2,306,451Liabilities 2019: $51,948Net Assets 2019: $2,254,5032019Assets 2020: $2,330,660Liabilities 2020: $41,272Net Assets 2020: $2,289,3882020Assets 2021: $2,404,799Liabilities 2021: $57,496Net Assets 2021: $2,347,3032021Assets 2022: $2,452,581Liabilities 2022: $52,597Net Assets 2022: $2,399,9842022Assets 2023: $2,472,371Liabilities 2023: $63,104Net Assets 2023: $2,409,2672023Assets 2024: $2,496,582Liabilities 2024: $61,401Net Assets 2024: $2,435,1812024Assets 2025: $2,469,403Liabilities 2025: $58,622Net Assets 2025: $2,410,7812025

Highlighted filing

2016

Assets$2,506,292
Liabilities$47,224
Net Assets$2,459,068

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $348,291Expenses 2011: $354,085Net Income 2011: -$5,7942011Expenses 2012: $368,1502012Revenue 2013: $367,366Expenses 2013: $379,970Net Income 2013: -$12,6042013Revenue 2014: $365,688Expenses 2014: $410,372Net Income 2014: -$44,6842014Revenue 2015: $368,979Expenses 2015: $445,302Net Income 2015: -$76,3232015Revenue 2016: $442,672Expenses 2016: $399,360Net Income 2016: $43,3122016Revenue 2017: $369,953Expenses 2017: $445,851Net Income 2017: -$75,8982017Revenue 2018: $389,336Expenses 2018: $509,428Net Income 2018: -$120,0922018Revenue 2019: $475,569Expenses 2019: $484,144Net Income 2019: -$8,5752019Revenue 2020: $490,300Expenses 2020: $455,415Net Income 2020: $34,8852020Revenue 2021: $494,792Expenses 2021: $436,876Net Income 2021: $57,9162021Revenue 2022: $498,857Expenses 2022: $446,176Net Income 2022: $52,6812022Revenue 2023: $510,436Expenses 2023: $501,153Net Income 2023: $9,2832023Revenue 2024: $525,646Expenses 2024: $499,732Net Income 2024: $25,9142024Revenue 2025: $537,356Expenses 2025: $561,756Net Income 2025: -$24,4002025

Highlighted filing

2016

Revenue$442,672
Expenses$399,360
Net Income$43,312
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 5, 2016
Return Version
2015v2.1
Gross Receipts
$442,672
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
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,098,982$2,094,350▼ $4,632
Investments Program Related$418,047$371,984▼ $46,063
Prepaid Expenses and Deferred Charges$10,354$12,512▲ $2,158
Cash and Non-Interest-Bearing Accounts$6,416$11,060▲ $4,644
Accounts Receivable-$1,137-
Total Assets$2,549,047$2,506,292▼ $42,755
Other Assets Total$15,248$15,249▲ $1
Liabilities
Accounts Payable and Accrued Expenses$44,004$27,538▼ $16,466
Other Liabilities$89,287$19,686▼ $69,601
Total Liabilities$133,291$47,224▼ $86,067
Net Assets / Fund Balance
Unrestricted Net Assets$2,415,756$2,459,068▲ $43,312
Total Net Assets Fund Balance$2,415,756$2,459,068▲ $43,312
Total Liabilities and Net Assets / Fund Balance$2,549,047$2,506,292▼ $42,755

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,723,523$1,111,074$2,834,597
Land$323,024-$323,024
Equipment$28,665$78,075$106,740
Other Land Buildings$19,138$1,007$20,145
Investment Program Related Org$17,630--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Nick BakasPresident
Tasso ChronisAssistant Vice President
Paul MiarisVice President
Christopher ChronisDirector
Nick ChronisDirector
Pete CallasDirector
Steve AnagnostakosDirector
Mark BullockSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$206,162
Program Service Revenue
$164,290
Investment Income
$33
Other Revenue
$72,187
Change in Net Assets
$43,312

Audited Revenue Reconciliation

Revenue per Audited Statements
$442,672
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$442,672
Total Revenue per Form 990
$442,672
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$399,360
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
Occupancy$181,864--$181,864
Depreciation Depletion$76,966--$76,966
Fees for Services Management-$21,198-$21,198
Office Expenses-$13,254-$13,254
Fees for Services Accounting-$11,109-$11,109
Information Technology-$5,781-$5,781
Insurance-$3,223-$3,223
Conferences and Meetings-$2,647-$2,647
Fees for Services Legal-$493-$493
Other Expenses$7--$7
Total Functional Expenses$341,655$57,705$0$399,360

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$399,360
Total Expenses per Audited Statements$399,360
Total Expenses per Form 990$399,360
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 Security Deposits$14,556
Residual Receipts Subject to Recapture$5,130
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), tasso chronis (assistant vice president), and nick chronis (director).

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

Filer Name
Ahepa 501-ii Inc
EIN
85-0458871
Phone
5058333139
Address
6700 LOS VOLCANES ROAD NW, ALBUQUERQUE, NM 87121

Signing Officer

Name
Nick Bakas
Title
President
Phone
5058333139
Signed
2016-10-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nick Bakas
Formed
1999
Legal Domicile
Nm
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD STE 300, CARMEL, IN 46032
Preparer
Kyle Waldman
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/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt015248
IRS990/OtherAssetsTotalGrp/EOYAmt015249
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MANAGEMENT COMPANY EMPL
IRS990/OtherExpensesGrp/Desc1SERVICE COORDINATOR
IRS990/OtherExpensesGrp/Desc2RESIDUAL RECEIPTS RECAP
IRS990/OtherExpensesGrp/ProgramServicesAmt045065
IRS990/OtherExpensesGrp/ProgramServicesAmt137753
IRS990/OtherExpensesGrp/ProgramServicesAmt27
IRS990/OtherExpensesGrp/TotalAmt045065
IRS990/OtherExpensesGrp/TotalAmt137753
IRS990/OtherExpensesGrp/TotalAmt27
IRS990/OtherLiabilitiesGrp/BOYAmt089287
IRS990/OtherLiabilitiesGrp/EOYAmt019686
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/BusinessCd2531110
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/Desc1TENANT CHARGES
IRS990/OtherRevenueMiscGrp/Desc2LAUNDRY & VENDING
IRS990/OtherRevenueMiscGrp/ExclusionAmt070225
IRS990/OtherRevenueMiscGrp/ExclusionAmt11129
IRS990/OtherRevenueMiscGrp/ExclusionAmt2800
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt070225
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11129
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2800
IRS990/OtherRevenueTotalAmt072187
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010354
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012512
IRS990/PrincipalOfficerNm0NICK BAKAS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0164290
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0164290
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0196511
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt036
IRS990/PYOtherExpensesAmt0445302
IRS990/PYOtherRevenueAmt01818
IRS990/PYProgramServiceRevenueAmt0170614
IRS990/PYRevenuesLessExpensesAmt0-76323
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0445302
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0368979
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt043312
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0164290
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. DURING THE YEAR ENDED JUNE 30, 2016, HUD APPROVED $70,225 OF RESIDUAL RECEIPTS, PREVIOUSLY APPROVED FOR RECAPTURE, TO BE USED FOR A ROOF REPLACEMENT AT THE PROPERTY. THIS REDUCTION IN RESIDUAL RECEIPTS AVAILABLE FOR RECAPTURE WAS RECORDED AS REVENUE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0206162
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0196511
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0189303
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0198863
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0205055
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0995894
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt033
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt036
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt033
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt026
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt086
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0214
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0164290
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0170614
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0174956
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0166885
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0160395
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0837140
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt033
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt036
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt033
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt026
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt086
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0214
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt072187
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01818
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01396
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01592
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01373
IRS990ScheduleA/OtherIncome509Grp/TotalAmt078366
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95890
IRS990ScheduleA/PublicSupportPY509Pct00.99560
IRS990ScheduleA/PublicSupportTotal509Amt01833034
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0370452
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0367125
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0364259
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0365748
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0365450
IRS990ScheduleA/Total509Grp/TotalAmt01833034
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0442672
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0368979
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0365688
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0367366
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0366909
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01911614
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/BookValueAmt01723523
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01111074
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02834597
IRS990ScheduleD/EquipmentGrp/BookValueAmt028665
IRS990ScheduleD/EquipmentGrp/DepreciationAmt078075
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0106740
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0399360
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0130000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1177703
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt246651
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt317630
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/BookValueAmt0323024
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0323024
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt019138
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01007
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt020145
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014556
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15130
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RESIDUAL RECEIPTS SUBJECT TO RECAPTURE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0442672
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/TotalBookValueLandBuildingsAmt02094350
IRS990ScheduleD/TotalBookValueProgramRltdAmt0371984
IRS990ScheduleD/TotalExpensesPerForm990Amt0399360
IRS990ScheduleD/TotalLiabilityAmt019686
IRS990ScheduleD/TotalRevenuePerForm990Amt0442672
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0442672
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0399360
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOLLOWING BOARD MEMBERS HAVE A FAMILY RELATIONSHIP: CHRISTOPHER CHRONIS (DIRECTOR), TASSO CHRONIS (ASSISTANT VICE PRESIDENT), AND NICK CHRONIS (DIRECTOR).
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/ExplanationTxt2THE 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/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 11
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
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0AHEPA 310 INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt1AHEPA AFFORDABLE HOUSING MANAGEMENT COMPANY INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt2AHEPA AFFORDABLE HOUSING MANAGEMENT COMPANY INC

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet 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