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Nonprofiteer
← AHEPA 310-III INC

Form 990 for tax year 2024

Filed by AHEPA 310-III INC.

Totals

Total revenue
$656,961
Total expenses
$620,404
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$638,136
Investment income
$13,008
Other revenue
$5,817
Total assets, end of year
$1,114,647
Total liabilities, end of year
$1,537,964
Net assets or fund balances, end of year
-$423,317
Program services expenses (Part IX)
$572,479
Management and general expenses
$47,925
Fundraising expenses
$0
Program service expenses (Part III)
$572,479

Program services were 92.3% 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 $445,920 · related or exempt $445,920

  • 2b · Program service revenue: RENTAL INCOME

    total $192,216 · related or exempt $192,216

  • 3 · Investment income

    total $13,008 · excluded $13,008

  • 11a · Other revenue: OTHER INCOME

    total $5,817 · excluded $5,817

  • 11e · Other revenue, total

    $5,817

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $31,901 · management and general $31,901

  • 11c · Fees: accounting

    total $11,534 · management and general $11,534

  • 12 · Advertising and promotion

    total $1,366 · program services $1,366

  • 13 · Office expenses

    total $4,041 · program services $4,041

  • 14 · Information technology

    total $13,059 · program services $13,059

  • 16 · Occupancy

    total $52,462 · program services $52,462

  • 17 · Travel

    total $2,526 · program services $2,526

  • 19 · Conferences, conventions and meetings

    total $4,490 · management and general $4,490

  • 20 · Interest

    total $81,250 · program services $81,250

  • 22 · Depreciation, depletion and amortization

    total $54,059 · program services $54,059

  • 23 · Insurance

    total $77,280 · program services $77,280

  • 24a · Other expenses: MANAGEMENT EXPENSE STAF

    total $144,314 · program services $144,314

  • 24b · Other expenses: CONTRACT SERVICES

    total $56,679 · program services $56,679

  • 24c · Other expenses: SERVICE COORDINATOR EXP

    total $48,595 · program services $48,595

  • 24d · Other expenses: MISC EXPENSE

    total $12,914 · program services $12,914

  • 24e · All other expenses

    total $23,934 · program services $23,934

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $11,545 · end of year $13,982

  • 9 · Prepaid expenses and deferred charges

    beginning of year $44,282 · end of year $40,743

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

    $2,604,008

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

    $2,224,348

  • 10c · Land, buildings and equipment, net

    beginning of year $352,290 · end of year $379,660

  • 15 · Other assets

    beginning of year $690,744 · end of year $680,262

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,902 · end of year $46,530

  • 19 · Deferred revenue

    beginning of year $2,414 · end of year $5,902

  • 24 · Unsecured notes and loans payable

    beginning of year $1,504,875 · end of year $1,468,560

  • 25 · Other liabilities

    beginning of year $19,544 · end of year $16,972

  • 27 · Net assets without donor restrictions

    beginning of year -$459,874 · end of year -$423,317

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 $572,479 · Revenue $638,136

As filed on the 2024 return.

Listed in Part VII

  • CHRIST COUMANIS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JAMES LIGNOS

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • DALE GREENSTEIN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • BOBBY FOROPOULOS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JOHN MORALIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NICK TSOUNIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOMMY LUTHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JIM PAFUDAKIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAUL PLATIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL HARTZES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL KARAVOKIROZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TERRY PALAYMOYTIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRIS GOLFOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE STRATAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EMILY CARLSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIM WHITE

    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.

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 310 INC

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

    Directly controlled by AHEPA AFFORDABLE HOUSING MANAGEMENT COMPANY

  • AHEPA 310 IV INC

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

    Directly controlled by AHEPA AFFORDABLE HOUSING MANAGEMENT COMPANY

  • AHEPA 310 V INC

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

  • AHEPA 310 VI INC

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

  • AHEPA 310 VII INC

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

  • AHEPA 310 VIII INC

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

    Directly controlled by AHEPA AFFORDABLE HOUSING MANAGEMENT COMPANY

  • AHEPA 310 IX INC

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

    Directly controlled by AHEPA AFFORDABLE HOUSING MANAGEMENT COMPANY

  • AHEPA 310 X INC

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

    Directly controlled by AHEPA AFFORDABLE HOUSING MANAGEMENT COMPANY

  • AHEPA 310 XI INC

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

    Directly controlled by AHEPA AFFORDABLE HOUSING MANAGEMENT COMPANY

  • AHEPA 310 XII INC

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

    Directly controlled by AHEPA AFFORDABLE HOUSING MANAGEMENT COMPANY

  • AHEPA 310 OF CITRONELLE INC

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

    Directly controlled by AHEPA AFFORDABLE HOUSING MANAGEMENT COMPANY

Provenance

Return type
form_990
Tax year
2024
Filed
21 April 2026
IRS schema version
2024v5.5
Source object
202611139349301601

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