philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Ahepa 37 INC FY2024 filing

Tax-deductible

Syracuse, NY501(c)(3) EIN 22-2989708Revenue $672K in FY2024

On file with the IRS100 Ahepa Circle, 13215-1951 · Syracuse, NYTax-exempt since Jun 1994Publicly supported — 509(a)(2)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

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

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
6 of 6
filings with a surplus
Average surplus $98K a year · 16% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
156% of total assets
Concern: liabilities are 156% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$672K
+7% vs prior year
Spent
$534K
To programs
91%
Net assets
−$403K
By yearFY2020–FY2025
Revenue
$672K
FY2024▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$577K
FY2021$576K
FY2022$617K
FY2023$626K
FY2024$672K
FY2025$667K
Expenses
$534K
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$528K
FY2021$518K
FY2022$521K
FY2023$495K
FY2024$534K
FY2025$551K
Net assets
−$403K
FY2024▲ +25%
Tap a bar for its year
Net assets by fiscal year
FY2020−$825K
FY2021−$767K
FY2022−$672K
FY2023−$541K
FY2024−$403K
FY2025−$287K

From the FY2024 Form 990 (year ending June 2024) · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1994.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $485K Management & general 9% · $48K

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

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Mike Labatos
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Gus Kosmas
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ahepa 37 INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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.

Questions for Ahepa 37 INC

Tap to ask. Ahepa 37 INC sees how many people are interested.

Your first name shows with your question. Ahepa 37 INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $485K · in their own filed words · FY2023
01

Provide housing to low income individuals.

$485Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$672K
Ln 12
Fees for servicesLn 2g$644K
Other incomeLn 4–11$27K
Investment incomeLn 3$617
Money outPt IX
$534K
Ln 25
Programscol B$485K
Managementcol C$48K
Owns and owesPt X
−$403K
net assets · Ln 32
Cash and savingsLn 1–2$4K
Total assetsLn 16$724K
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$644K
Investment incomeLn 3$617
Other incomeLn 4–11$27K
Total revenueLn 12$672K
Assets in detailPt X, end of year
CashLn 1$4K
Cash and savings togetherLn 1–2$4K
Land, buildings, equipmentLn 10c$390K
Other assetsLn 15$313K
Total assetsLn 16$724K
LiabilitiesLn 26$1.1M
Net assetsLn 32−$403K
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
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 FY24End FY24
Cash and savingsLn 1–2$16K$4K
Land, buildings, equipmentLn 10c$398K$390K
Total assetsLn 16$696K$724K
LiabilitiesLn 26$1.2M$1.1M
Net assetsLn 32−$541K−$403K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$38K$38K
Accounting feesLn 11c$8K$8K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$5K$5K
Information technologyLn 14$4K$4K
OccupancyLn 16$35K$35K
TravelLn 17$605$605
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$89K$89K
Depreciation, depletion and amortizationLn 22$49K$49K
InsuranceLn 23$50K$50K
Other expenses (24a–d)Ln 24$228K$228K
All other expensesLn 24e$22K$22K
Total functional expensesLn 25$534K$485K$48K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $667K$551K$116K−$287K 990 PDF
FY2024 Viewing $672K$534K$138K−$403K 990 PDF
FY2023 $626K$495K$131K−$541K 990 PDF
FY2022 $617K$521K$96K−$672K 990 PDF
FY2021 $576K$518K$58K−$767K 990 PDF
FY2020 $577K$528K$49K−$825K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $671,649 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $606,195$643,812
I-10 Investment incomePrior year $23$617
I-11 Other revenuePrior year $19,489$27,220
I-12 Total revenuePrior year $625,707$671,649
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 $494,694$533,948
I-18 Total expensesPrior year $494,694$533,948
I-19 Revenue less expensesPrior year $131,013$137,701
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $671,649 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $643,812$643,812
VIII-3 Investment incomeExcluded from tax $617$617
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $27,220$27,220
VIII-12 Total revenueRelated to mission $643,812 · Unrelated business $0 · Excluded from tax $27,837$671,649
Part IX · Statement of functional expenses $533,948 across 13 lines filed
IX-11a Management feesManagement $38,459$38,459
IX-11c Accounting feesManagement $8,415$8,415
IX-12 Advertising and promotionPrograms $1,697$1,697
IX-13 Office expensesPrograms $5,336$5,336
IX-14 Information technologyPrograms $3,797$3,797
IX-16 OccupancyPrograms $35,477$35,477
IX-17 TravelPrograms $605$605
IX-19 Conferences, conventions and meetingsManagement $1,598$1,598
IX-20 InterestPrograms $88,629$88,629
IX-22 Depreciation, depletion and amortizationPrograms $48,729$48,729
IX-23 InsurancePrograms $50,425$50,425
IX-24 Other expenses (24a–d)Programs $228,497$228,497
IX-24e All other expensesPrograms $22,284$22,284
IX-25 Total functional expensesPrograms $485,476 · Management $48,472 · Fundraising $0$533,948
Part X · Balance sheet $723,770 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $15,840$4,114
X-4 Accounts receivableStart of year $1,545$6,227
X-9 Prepaid expenses and deferred chargesStart of year $13,072$11,244
X-10c Land, buildings and equipment, netStart of year $397,540$389,603
X-15 Other assetsStart of year $268,283$312,582
X-16 Total assetsStart of year $696,280$723,770
X-17 Accounts payable and accrued expensesStart of year $101,232$83,972
X-19 Deferred revenueStart of year $3,525$2,928
X-24 Unsecured notes and loans payableStart of year $1,112,505$1,018,734
X-25 Other liabilitiesStart of year $19,692$21,109
X-26 Total liabilitiesStart of year $1,236,954$1,126,743
X-27 Net assets without donor restrictionsStart of year −$540,674−$402,973
X-32 Total net assets or fund balancesStart of year −$540,674−$402,973
X-33 Total liabilities and net assetsStart of year $696,280$723,770
Part XI · Reconciliation of net assets −$402,973 net assets at year end
XI-1 Total revenue$671,649
XI-2 Total expenses$533,948
XI-3 Revenue less expenses$137,701
XI-4 Net assets at start of year−$540,674
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$402,973

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.