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Nonprofiteer
← AHEPA 29 PHASE II INC

Form 990 for tax year 2024

Filed by AHEPA 29 PHASE II INC.

Totals

Total revenue
$498,981
Total expenses
$534,702
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$461,910
Investment income
$35,218
Other revenue
$1,853
Total assets, end of year
$1,946,304
Total liabilities, end of year
$33,772
Net assets or fund balances, end of year
$1,912,532
Program services expenses (Part IX)
$494,588
Management and general expenses
$40,114
Fundraising expenses
$0
Program service expenses (Part III)
$494,588

Program services were 92.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: TENANT ASSISTANCE HUD

    total $318,092 · related or exempt $318,092

  • 2b · Program service revenue: RENTAL INCOME

    total $143,818 · related or exempt $143,818

  • 3 · Investment income

    total $35,218 · excluded $35,218

  • 11a · Other revenue: OTHER INCOME

    total $1,853 · excluded $1,853

  • 11e · Other revenue, total

    $1,853

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $25,798 · management and general $25,798

  • 11c · Fees: accounting

    total $11,232 · management and general $11,232

  • 12 · Advertising and promotion

    total $737 · program services $737

  • 13 · Office expenses

    total $2,435 · program services $2,435

  • 14 · Information technology

    total $6,813 · program services $6,813

  • 16 · Occupancy

    total $62,597 · program services $62,597

  • 19 · Conferences, conventions and meetings

    total $3,084 · management and general $3,084

  • 20 · Interest

    total -$46 · program services -$46

  • 22 · Depreciation, depletion and amortization

    total $80,905 · program services $80,905

  • 23 · Insurance

    total $71,188 · program services $71,188

  • 24a · Other expenses: MANAGEMENT EXPENSE STAF

    total $174,278 · program services $174,278

  • 24b · Other expenses: NURSING HOME/ASSISTED L

    total $41,959 · program services $41,959

  • 24c · Other expenses: CONTRACT SERVICES

    total $34,380 · program services $34,380

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $8,804 · program services $8,804

  • 24e · All other expenses

    total $10,538 · program services $10,538

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $2,056

  • 4 · Accounts receivable

    end of year $878

  • 9 · Prepaid expenses and deferred charges

    beginning of year $53,114 · end of year $47,307

  • 10a · Land, buildings and equipment: cost or other basis

    $3,354,978

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,322,757

  • 10c · Land, buildings and equipment, net

    beginning of year $1,113,126 · end of year $1,032,221

  • 15 · Other assets

    beginning of year $858,549 · end of year $863,842

  • 17 · Accounts payable and accrued expenses

    beginning of year $64,954 · end of year $22,170

  • 19 · Deferred revenue

    end of year $300

  • 25 · Other liabilities

    beginning of year $11,582 · end of year $11,302

  • 27 · Net assets without donor restrictions

    beginning of year $1,948,253 · end of year $1,912,532

Mission and programs · 2024

Mission

THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY.

  • PROVIDE HOUSING TO LOW INCOME INDIVIDUALS.

    Expenses $494,588 · Revenue $461,910

As filed on the 2024 return.

Listed in Part VII

  • Konstantine D Angelo

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Christo A Zgourides

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Emmanuel Kaitson

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Tom Pearson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Dr Nick J Patzakis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Angelo Kostarides

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • John Cramer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Emmanuel M Sparatalis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Stadis Patinyot

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • George Robinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Cary Fink

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Mary M Verges

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Peter Gerukos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Barbara Maligas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • AHEPA 29 INC

    501(C)(3) · AFFORDABLE LOW-INCOME HOUSING · TX

    Directly controlled by AHEPA AFFORDABLE HOUSING MANAGEMENT COMPANY

  • AHEPA 29 PHASE III INC

    501(C)(3) · AFFORDABLE LOW-INCOME HOUSING · TX

    Directly controlled by AHEPA AFFORDABLE HOUSING MANAGEMENT COMPANY

  • AHEPA 29 PHASE IV INC

    501(C)(3) · AFFORDABLE LOW-INCOME HOUSING · TX

    Directly controlled by AHEPA AFFORDABLE HOUSING MANAGEMENT COMPANY

Provenance

Return type
form_990
Tax year
2024
Filed
1 April 2026
IRS schema version
2024v5.5
Source object
202630919349300518

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