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Nonprofiteer
← AHEPA 371 II INC

Form 990 for tax year 2022

Filed by AHEPA 371 II INC.

Totals

Total revenue
$577,399
Total expenses
$641,351
Contributions and grants received
$232,675
Grants paid
$0
Program service revenue
$341,096
Investment income
$2,403
Other revenue
$1,225
Total assets, end of year
$4,326,016
Total liabilities, end of year
$162,810
Net assets or fund balances, end of year
$4,163,206
Program services expenses (Part IX)
$575,434
Management and general expenses
$65,917
Fundraising expenses
$0
Program service expenses (Part III)
$575,434

Program services were 89.7% 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.

  • 1e · Government grants (contributions)

    $232,675

  • 2a · Program service revenue: RENTAL INCOME

    total $341,096 · related or exempt $341,096

  • 3 · Investment income

    total $2,403 · excluded $2,403

  • 6a · Gross rents

    real property $1,200

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,200

  • 6d · Net rental income or loss

    total $1,200 · excluded $1,200

  • 11a · Other revenue: TENANT CHARGES

    total $25 · excluded $25

  • 11e · Other revenue, total

    $25

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $22,774 · management and general $22,774

  • 11c · Fees: accounting

    total $6,675 · management and general $6,675

  • 12 · Advertising and promotion

    total $6,640 · management and general $6,640

  • 13 · Office expenses

    total $13,398 · program services $9,844 · management and general $3,554

  • 14 · Information technology

    total $1,829 · management and general $1,829

  • 16 · Occupancy

    total $235,124 · program services $235,124

  • 20 · Interest

    total $6,728 · program services $6,728

  • 22 · Depreciation, depletion and amortization

    total $188,801 · program services $188,801

  • 23 · Insurance

    total $24,143 · program services $24,143

  • 24a · Other expenses: MANAGEMENT COMPANY EMPL

    total $99,886 · program services $81,071 · management and general $18,815

  • 24b · Other expenses: SERVICE COORDINATOR

    total $35,353 · program services $29,723 · management and general $5,630

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $91,330 · end of year $82,433

  • 4 · Accounts receivable

    beginning of year $9,518 · end of year $15,352

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,458 · end of year $18,166

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

    $7,232,155

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

    $3,441,562

  • 10c · Land, buildings and equipment, net

    beginning of year $3,979,394 · end of year $3,790,593

  • 13 · Investments: program-related

    beginning of year $352,895 · end of year $419,472

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,740 · end of year $35,650

  • 19 · Deferred revenue

    beginning of year $604 · end of year $502

  • 25 · Other liabilities

    beginning of year $197,093 · end of year $126,658

  • 27 · Net assets without donor restrictions

    beginning of year $4,227,158 · end of year $4,163,206

Mission and programs · 2022

Mission

AHEPA 371 II, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF MICHIGAN. THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 75-UNIT APARTMENT COMMUNITY IN HARRISON TOWNSHIP, MICHIGAN, KNOWN AS AHEPA 371 II APARTMENTS, PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED.

  • AHEPA 371 II, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF MICHIGAN. THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 75-UNIT APARTMENT COMMUNITY IN HARRISON TOWNSHIP, MICHIGAN, KNOWN AS AHEPA 371 II APARTMENTS, PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED.

    Expenses $575,434 · Revenue $341,096

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JOHN N HATZIS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • LAZAROS KIRCOS

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • GEORGE S GAZEPIS

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LOU PAVLEDES

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PETER COUTSOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PETROS BESIERIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JAMES THOMAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • STEVEN BRYLINSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • GEORGE THEODOROU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
1 February 2024
IRS schema version
2022v5.0
Source object
202440329349301699

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