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Nonprofiteer
← AHEPA 501-11 INC

Form 990 for tax year 2023

Filed by AHEPA 501-11 INC.

Totals

Total revenue
$525,646
Total expenses
$499,732
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$500,890
Investment income
$23,041
Other revenue
$1,715
Total assets, end of year
$2,496,582
Total liabilities, end of year
$61,401
Net assets or fund balances, end of year
$2,435,181
Program services expenses (Part IX)
$466,301
Management and general expenses
$33,431
Fundraising expenses
$0
Program service expenses (Part III)
$466,301

Program services were 93.3% 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 $299,669 · related or exempt $299,669

  • 2b · Program service revenue: RENTAL INCOME

    total $201,221 · related or exempt $201,221

  • 3 · Investment income

    total $23,041 · excluded $23,041

  • 11a · Other revenue: OTHER INCOME

    total $1,715 · excluded $1,715

  • 11e · Other revenue, total

    $1,715

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $21,198 · management and general $21,198

  • 11b · Fees: legal

    total $670 · program services $670

  • 11c · Fees: accounting

    total $11,334 · management and general $11,334

  • 13 · Office expenses

    total $2,744 · program services $2,744

  • 14 · Information technology

    total $9,546 · program services $9,546

  • 16 · Occupancy

    total $80,144 · program services $80,144

  • 19 · Conferences, conventions and meetings

    total $899 · management and general $899

  • 22 · Depreciation, depletion and amortization

    total $79,815 · program services $79,815

  • 23 · Insurance

    total $32,169 · program services $32,169

  • 24a · Other expenses: MANAGEMENT EXPENSE STAF

    total $164,196 · program services $164,196

  • 24b · Other expenses: SC EXPENSES

    total $38,184 · program services $38,184

  • 24c · Other expenses: CONTACT SERVICES

    total $29,191 · program services $29,191

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $11,816 · program services $11,816

  • 24e · All other expenses

    total $17,826 · program services $17,826

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,645 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,183 · end of year $1,390

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,310 · end of year $25,062

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

    $3,368,387

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

    $1,802,685

  • 10c · Land, buildings and equipment, net

    beginning of year $1,599,453 · end of year $1,565,702

  • 15 · Other assets

    beginning of year $838,780 · end of year $904,428

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,016 · end of year $40,739

  • 19 · Deferred revenue

    beginning of year $302 · end of year $301

  • 25 · Other liabilities

    beginning of year $19,786 · end of year $20,361

  • 27 · Net assets without donor restrictions

    beginning of year $2,409,267 · end of year $2,435,181

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 $466,301 · Revenue $500,890

As filed on the 2023 return.

Listed in Part VII

  • Mark Bullock

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Paul Miaris

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • James Barner

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Nick Chronis

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Christopher Chronis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Mary M Verges

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • John Kapuranis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Konstantine Angelo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 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.

Provenance

Return type
form_990
Tax year
2023
Filed
27 March 2025
IRS schema version
2023v6.0
Source object
202510869349301761

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