Form 990 for tax year 2023
Filed by AHEPA-PENELOPE DISTRICT ONE APARTMENTS OF HOOVER INC.
Totals
- Total revenue
- $505,759
- Total expenses
- $583,392
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $491,986
- Investment income
- $9,619
- Other revenue
- $4,154
- Total assets, end of year
- $4,810,213
- Total liabilities, end of year
- $38,364
- Net assets or fund balances, end of year
- $4,771,849
- Program services expenses (Part IX)
- $535,400
- Management and general expenses
- $47,992
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $535,400
Program services were 91.8% 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 $283,906 · related or exempt $283,906
-
2b · Program service revenue: RENTAL INCOME
total $208,080 · related or exempt $208,080
-
3 · Investment income
total $9,619 · excluded $9,619
-
11a · Other revenue: OTHER INCOME
total $4,154 · excluded $4,154
-
11e · Other revenue, total
$4,154
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $34,252 · management and general $34,252
-
11c · Fees: accounting
total $11,334 · management and general $11,334
-
12 · Advertising and promotion
total $908 · program services $908
-
13 · Office expenses
total $6,083 · program services $6,083
-
14 · Information technology
total $5,052 · program services $5,052
-
16 · Occupancy
total $56,012 · program services $56,012
-
19 · Conferences, conventions and meetings
total $2,406 · management and general $2,406
-
22 · Depreciation, depletion and amortization
total $164,732 · program services $164,732
-
23 · Insurance
total $76,024 · program services $76,024
-
24a · Other expenses: MANAGEMENT EXPENSE STAF
total $135,224 · program services $135,224
-
24b · Other expenses: CONTRACT SERVICES
total $38,314 · program services $38,314
-
24c · Other expenses: SERVICE COORDINATOR EXP
total $20,450 · program services $20,450
-
24d · Other expenses: MISCELLANEOUS EXPENSE
total $17,441 · program services $17,441
-
24e · All other expenses
total $15,160 · program services $15,160
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $120
-
4 · Accounts receivable
beginning of year $2,107 · end of year $16,499
-
9 · Prepaid expenses and deferred charges
beginning of year $49,200 · end of year $68,184
-
10a · Land, buildings and equipment: cost or other basis
$6,957,655
-
10b · Land, buildings and equipment: accumulated depreciation
$2,540,731
-
10c · Land, buildings and equipment, net
beginning of year $4,419,177 · end of year $4,416,924
-
15 · Other assets
beginning of year $427,955 · end of year $308,486
-
17 · Accounts payable and accrued expenses
beginning of year $27,606 · end of year $16,889
-
19 · Deferred revenue
beginning of year $100 · end of year $100
-
25 · Other liabilities
beginning of year $21,251 · end of year $21,375
-
27 · Net assets without donor restrictions
beginning of year $4,849,482 · end of year $4,771,849
Mission and programs · 2023
Mission
THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY
-
PROVIDE HOUSING TO LOW INCOME INDIVIDUALS
Expenses $535,400 · Revenue $491,986
As filed on the 2023 return.
Listed in Part VII
-
JAMES PAFUDAKIS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
JOHN BOOSALIS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
TONIE ANN TORRANS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
TASSO STRATAS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
KAREN BOOSALIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
COSTA ZOUBOUKOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KAREN STAMATIADES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PETER NASSOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOHN MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DALE GREENSTEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ANTHEA NICHOLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 27 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540869349301239
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