Ahepa 242 INC

EIN 20-3265536 Public charity (501(c)(3)) Greenville, SC

Form 990 (PDF) Compare with another nonprofit →

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Size

$100K–1M

What they do

Offers affordable housing for low-income seniors.

Leadership

Constantine S Christophillis · President

Money in and out

$431K revenue, $481K expenses

Bottom line

92% program efficiency

Offers affordable housing for low-income seniors. For fiscal year 2025 it reported $431K in revenue, $481K in expenses, and $2.2M in net assets.Pt I

Where the money goes · FY2025

Total revenue

$431K

Pt VIII · Ln 12

Total expenses

$481K

Pt IX · Ln 25

Net assets

$2.2M

Pt X · Ln 32

Revenue less expenses (Pt I · Ln 19): −$50K

Where spending went · Part IX cols B–D

92%

Program services $0.92 Management & general $0.08

Program efficiency

92%

of spending reaches programs0% vs prior filing year

Operating runway

1.1mo

months of highly liquid reserves at operating expense rate

Surplus margin

-12%

revenue over expenses, this year▼ -54% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990

Revenue

$431K

FY2025▼ -1%

Expenses

$481K

FY2025▲ +2%

Total assets

$2.7M

FY2025▼ -4%

Total liabilities

$540K

FY2025▼ -12%

Total revenue

$431K

Pt VIII · Ln 12

Total expenses

$481K

Pt IX · Ln 25

Net assets

$2.2M

Pt X · Ln 32

Revenue less expensesPt I · Ln 19−$50K

Total assetsPt X · Ln 16$2.7M

Program-expense ratioPt IX · col B92%

Voting members of governing bodyPt I · Ln 310

Independent voting membersPt I · Ln 410

Mission & Programs · Part III

Where the work happens

1 program service account for $443K of program spending, described in the organization's own filed words · FY2024.

Provide housing to low income individuals.

$443Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File

Legal nameHdr · item CAhepa 242 INC

EINHdr · item D20-3265536

Principal addressHdr · item CGreenville, SC

WebsiteHdr · item Jnone reported

Year of formationHdr · item Lpending

State of legal domicileHdr · item MSC

Exempt statusHdr · item I501(c)(3) · active

NTEE classificationIRS BMFHousing (L20)

Ruling yearIRS BMFJul 2006

Governance & Policies

Part VI

Voting members of the governing bodyPt VI · Ln 1a10

Independent voting membersPt VI · Ln 1b10

Conflict-of-interest policyPt VI · Ln 12aNo

Whistleblower policyPt VI · Ln 13No

Document retention policyPt VI · Ln 14No

CEO/top-official compensation independently reviewedPt VI · Ln 15aNo

Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Constantine S Christophillis

President

$0Pt VII · Sec A

Marianthe Richey

Secretary

$0Pt VII · Sec A

James Georgiades

Vice President

$0Pt VII · Sec A

Charlie E Howard

Treasurer

$0Pt VII · Sec A

Christopher J Kapetanakos

President Emeritus

$0Pt VII · Sec A

Sharon Lee Vansell

Director Thru 12/4/24

$0Pt VII · Sec A

Peter G Siachos

Director

$0Pt VII · Sec A

Demetrios J Pappas

Director

$0Pt VII · Sec A

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Statement of Revenue

Part VIII

Program service revenue$420K · 97%

Investment income$10K · 2%

Program service revenue97%$420K

Investment income2%$10K

Other revenue$1K

Total revenueLn 12$431K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

92%

Program services $0.92 Management & general $0.08

Program services92%$443K

Management & general8%$38K

Total functional expensesLn 25$481K

Balance Sheet

Part X · end of year

CashLn 1$45K

Total assetsLn 16$2.7M

Total liabilitiesLn 26$540K

Total net assetsLn 32$2.2M

Months of cash on handcomputed1.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves $45K · Operating expenses/yr $481K

1.1 months

Where the money goes

Program services

Program services $443K · Total expenses $481K

92%

Management & General

Management & general $38K · Total expenses $481K

Fundraising

Fundraising $0 · Total expenses $481K

Cost to raise $1

Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0

Solicited contributions below reporting floor

Where the money comes from

Contribution dependence

Contributions & grants $0 · Total revenue $431K

Government reliance

Government grants — · Total revenue $431K

—

Earned-income share

Program service revenue $420K · Total revenue $431K

97%

Investment reliance

Investment income $10K · Total revenue $431K

+2%

Program self-sufficiency

Program service revenue $420K · Total expenses $481K

87%

Growth & trend

Revenue growth (YoY)

This year $431K · Prior year $437K

-1%

Revenue CAGR

FY2019 $359K · FY2024 $431K

+4%

Net-asset trend (YoY)

End of year $2.2M · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $431K · Expenses $481K

-12%

Liabilities-to-Assets

Total liabilities — · Total assets $2.7M

—

Net-asset ratio

Net assets $2.2M · Total assets $2.7M

80%

Marketable Investment Share

Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.7M

Excludes program-related investments (Pt X, ln 13)

People & payroll

Highest Reported Total Compensation

Individual Constantine S Christophillis · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $481K

Personnel share

Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $481K

—

Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

Metric	This org	Peer median	Percentile
Program ratio	92%	—	—
Overhead ratio	8%	—	—
Revenue growth	-1%	—	—
Accounting fee ratio	2%	—	—

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

FY2025 (Latest)$431K revenue · viewing · ⤓ 990 PDF

FY2024$437K revenue · ⤓ 990 PDF

FY2023$395K revenue · ⤓ 990 PDF

FY2022$385K revenue · ⤓ 990 PDF

FY2021$376K revenue · ⤓ 990 PDF

FY2020$359K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2025IRS

Classification, formation year, addressIRS Business Master File

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