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Ahepa 35 INC

Tax-deductible

Nashua, NH501(c)(3)HousingEIN 20-4271422Revenue $555K in FY2025

On file with the IRS681 West Hollis Street, 03062-1391 · Nashua, NHTax-exempt since Dec 2006Publicly supported charity — 170(b)(1)(A)(vi)

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The corporation was organized to construct, own, and operate an affordable housing apartment community.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Run by 9 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $81K a year · 16% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$551K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$555K
+4% vs prior year
Spent
$625K
To programs
94%
Net assets
$3.5M
By yearFY2021–FY2025
Revenue
$555K
FY2025▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2021$439K
FY2022$451K
FY2023$491K
FY2024$535K
FY2025$555K
Expenses
$625K
FY2025▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2021$530K
FY2022$553K
FY2023$589K
FY2024$578K
FY2025$625K
Net assets
$3.5M
FY2025▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2021$3.8M
FY2022$3.7M
FY2023$3.6M
FY2024$3.6M
FY2025$3.5M

From the FY2025 Form 990 (year ending June 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $589K Management & general 6% · $36K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Dr John Dagianis
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
James Floras
Director
$0Pt VII · Sec A
See Ahepa 35 INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds and manages affordable housing for residents.

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Provided by the organization

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1 program · $589K · in their own filed words · FY2024
01

Provide housing to low income individuals.

$589Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$555K
Ln 12
Fees for servicesLn 2g$536K
Investment incomeLn 3$19K
Money outPt IX
$625K
Ln 25
Programscol B$589K
Managementcol C$36K
Owns and owesPt X
$3.5M
net assets · Ln 32
Total assetsLn 16$4.0M
LiabilitiesLn 26$551K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$536K
Investment incomeLn 3$19K
Total revenueLn 12$555K
Assets in detailPt X, end of year
Land, buildings, equipmentLn 10c$3.5M
Other assetsLn 15$464K
Total assetsLn 16$4.0M
LiabilitiesLn 26$551K
Net assetsLn 32$3.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Land, buildings, equipmentLn 10c$3.6M$3.5M
Total assetsLn 16$4.1M$4.0M
LiabilitiesLn 26$559K$551K
Net assetsLn 32$3.6M$3.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$22K$22K
Legal feesLn 11b$75$75
Accounting feesLn 11c$10K$10K
Advertising and promotionLn 12$571$571
Office expensesLn 13$1K$1K
Information technologyLn 14$10K$10K
OccupancyLn 16$89K$89K
Conferences, conventions and meetingsLn 19$3K$3K
InterestLn 20$2$2
Depreciation, depletion and amortizationLn 22$147K$147K
InsuranceLn 23$46K$46K
Other expenses (24a–d)Ln 24$261K$261K
All other expensesLn 24e$34K$34K
Total functional expensesLn 25$625K$589K$36K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $555K$625K−$70K$3.5M 990 PDF
FY2024 $535K$578K−$43K$3.6M 990 PDF
FY2023 $491K$589K−$97K$3.6M 990 PDF
FY2022 $451K$553K−$102K$3.7M 990 PDF
FY2021 $439K$530K−$92K$3.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $555,125 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $525,982$536,273
I-10 Investment incomePrior year $9,401$18,852
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $535,383$555,125
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $578,381$624,755
I-18 Total expensesPrior year $578,381$624,755
I-19 Revenue less expensesPrior year −$42,998−$69,630
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $555,125 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $536,273$536,273
VIII-3 Investment incomeExcluded from tax $18,852$18,852
VIII-12 Total revenueRelated to mission $536,273 · Unrelated business $0 · Excluded from tax $18,852$555,125
Part IX · Statement of functional expenses $624,755 across 13 lines filed
IX-11a Management feesManagement $22,344$22,344
IX-11b Legal feesPrograms $75$75
IX-11c Accounting feesManagement $10,326$10,326
IX-12 Advertising and promotionPrograms $571$571
IX-13 Office expensesPrograms $1,432$1,432
IX-14 Information technologyPrograms $9,882$9,882
IX-16 OccupancyPrograms $89,221$89,221
IX-19 Conferences, conventions and meetingsManagement $3,348$3,348
IX-20 InterestPrograms $2$2
IX-22 Depreciation, depletion and amortizationPrograms $146,618$146,618
IX-23 InsurancePrograms $45,622$45,622
IX-24 Other expenses (24a–d)Programs $260,979$260,979
IX-24e All other expensesPrograms $34,335$34,335
IX-25 Total functional expensesPrograms $588,737 · Management $36,018 · Fundraising $0$624,755
Part X · Balance sheet $4,042,939 assets, 14 lines filed
X-4 Accounts receivableStart of year $2,905$510
X-9 Prepaid expenses and deferred chargesStart of year $11,012$29,120
X-10c Land, buildings and equipment, netStart of year $3,628,877$3,549,227
X-15 Other assetsStart of year $477,888$464,082
X-16 Total assetsStart of year $4,120,682$4,042,939
X-17 Accounts payable and accrued expensesStart of year $37,596$28,159
X-19 Deferred revenueStart of year $3,774$3,772
X-24 Unsecured notes and loans payableStart of year $500,000$500,000
X-25 Other liabilitiesStart of year $17,971$19,297
X-26 Total liabilitiesStart of year $559,341$551,228
X-27 Net assets without donor restrictionsStart of year −$1,390,859−$1,460,489
X-28 Net assets with donor restrictionsStart of year $4,952,200$4,952,200
X-32 Total net assets or fund balancesStart of year $3,561,341$3,491,711
X-33 Total liabilities and net assetsStart of year $4,120,682$4,042,939
Part XI · Reconciliation of net assets $3,491,711 net assets at year end
XI-1 Total revenue$555,125
XI-2 Total expenses$624,755
XI-3 Revenue less expenses−$69,630
XI-4 Net assets at start of year$3,561,341
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,491,711

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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