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Ahepa 39 INC

Tax-deductible

Haverhill, MA501(c)(3)HousingEIN 22-3210357Revenue $568K in FY2025

On file with the IRS40 Buttonwood Ave, 01830-6498 · Haverhill, MATax-exempt since Jul 1993Publicly 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.
89¢ of each $1 spent went to programs.
Run by 8 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 $101K a year · 19% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$107K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
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
$568K
+2% vs prior year
Spent
$684K
To programs
89%
Net assets
$1.9M
By yearFY2021–FY2025
Revenue
$568K
FY2025▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2021$481K
FY2022$482K
FY2023$510K
FY2024$558K
FY2025$568K
Expenses
$684K
FY2025▲ +0.7%
Tap a bar for its year
Expenses by fiscal year
FY2021$545K
FY2022$639K
FY2023$556K
FY2024$679K
FY2025$684K
Net assets
$1.9M
FY2025▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.4M
FY2022$2.2M
FY2023$2.2M
FY2024$2.0M
FY2025$1.9M

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

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1993.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $606K Management & general 11% · $78K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
James Tzitzon
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
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ahepa 39 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.

Questions for Ahepa 39 INC

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Provided by the organization

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1 program · $606K · in their own filed words · FY2024
01

Provide housing to low income individuals.

$606Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2021
Bank of America Charitable Foundation INCFY2021$1K
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$568K
Ln 12
Fees for servicesLn 2g$549K
Investment incomeLn 3$18K
Other incomeLn 4–11$2K
Money outPt IX
$684K
Ln 25
Programscol B$606K
Managementcol C$78K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$2K
Total assetsLn 16$2.0M
LiabilitiesLn 26$107K
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$549K
Investment incomeLn 3$18K
Other incomeLn 4–11$2K
Total revenueLn 12$568K
Assets in detailPt X, end of year
CashLn 1$2K
Cash and savings togetherLn 1–2$2K
Land, buildings, equipmentLn 10c$1.4M
Other assetsLn 15$586K
Total assetsLn 16$2.0M
LiabilitiesLn 26$107K
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$79$2K
Land, buildings, equipmentLn 10c$1.5M$1.4M
Total assetsLn 16$2.2M$2.0M
LiabilitiesLn 26$103K$107K
Net assetsLn 32$2.0M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$60K$60K
Legal feesLn 11b$9K$9K
Accounting feesLn 11c$12K$12K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$5K$5K
Information technologyLn 14$8K$8K
OccupancyLn 16$78K$78K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$6K$6K
InterestLn 20$15$15
Depreciation, depletion and amortizationLn 22$110K$110K
InsuranceLn 23$78K$78K
Other expenses (24a–d)Ln 24$271K$271K
All other expensesLn 24e$42K$42K
Total functional expensesLn 25$684K$606K$78K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $568K$684K−$116K$1.9M 990 PDF
FY2024 $558K$679K−$122K$2.0M 990 PDF
FY2023 $510K$556K−$46K$2.2M 990 PDF
FY2022 $482K$639K−$158K$2.2M 990 PDF
FY2021 $481K$545K−$64K$2.4M 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 $568,091 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $535,832$548,739
I-10 Investment incomePrior year $17,005$17,707
I-11 Other revenuePrior year $4,672$1,645
I-12 Total revenuePrior year $557,509$568,091
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 $679,347$684,374
I-18 Total expensesPrior year $679,347$684,374
I-19 Revenue less expensesPrior year −$121,838−$116,283
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $568,091 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $548,739$548,739
VIII-3 Investment incomeExcluded from tax $17,707$17,707
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,645$1,645
VIII-12 Total revenueRelated to mission $548,739 · Unrelated business $0 · Excluded from tax $19,352$568,091
Part IX · Statement of functional expenses $684,374 across 14 lines filed
IX-11a Management feesManagement $60,297$60,297
IX-11b Legal feesPrograms $8,821$8,821
IX-11c Accounting feesManagement $11,937$11,937
IX-12 Advertising and promotionPrograms $2,280$2,280
IX-13 Office expensesPrograms $5,320$5,320
IX-14 Information technologyPrograms $8,434$8,434
IX-16 OccupancyPrograms $77,569$77,569
IX-17 TravelPrograms $2,764$2,764
IX-19 Conferences, conventions and meetingsManagement $6,110$6,110
IX-20 InterestPrograms $15$15
IX-22 Depreciation, depletion and amortizationPrograms $109,787$109,787
IX-23 InsurancePrograms $77,644$77,644
IX-24 Other expenses (24a–d)Programs $271,392$271,392
IX-24e All other expensesPrograms $42,004$42,004
IX-25 Total functional expensesPrograms $606,030 · Management $78,344 · Fundraising $0$684,374
Part X · Balance sheet $2,038,493 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $79$2,396
X-4 Accounts receivableStart of year $1,312$893
X-9 Prepaid expenses and deferred chargesStart of year $50,219$54,391
X-10c Land, buildings and equipment, netStart of year $1,477,275$1,394,363
X-15 Other assetsStart of year $621,576$586,450
X-16 Total assetsStart of year $2,150,461$2,038,493
X-17 Accounts payable and accrued expensesStart of year $48,343$48,869
X-19 Deferred revenueStart of year $3,466$2,980
X-25 Other liabilitiesStart of year $50,717$54,992
X-26 Total liabilitiesStart of year $102,526$106,841
X-27 Net assets without donor restrictionsStart of year −$2,037,965−$2,154,248
X-28 Net assets with donor restrictionsStart of year $4,085,900$4,085,900
X-32 Total net assets or fund balancesStart of year $2,047,935$1,931,652
X-33 Total liabilities and net assetsStart of year $2,150,461$2,038,493
Part XI · Reconciliation of net assets $1,931,652 net assets at year end
XI-1 Total revenue$568,091
XI-2 Total expenses$684,374
XI-3 Revenue less expenses−$116,283
XI-4 Net assets at start of year$2,047,935
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,931,652

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

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