Ahepa 39 INC: FY2021 Nonprofit Profile & Form 990 (EIN 22-3210357)

Revenue by fiscal year
FY2021	$481K
FY2022	$482K
FY2023	$510K
FY2024	$558K
FY2025	$568K

Expenses by fiscal year
FY2021	$545K
FY2022	$639K
FY2023	$556K
FY2024	$679K
FY2025	$684K

Net assets by fiscal year
FY2021	$2.4M
FY2022	$2.2M
FY2023	$2.2M
FY2024	$2.0M
FY2025	$1.9M

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

88 cents of each dollar spent went to programs.

88%

12%

Program services 88% · $481K Management & general 12% · $64K

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 (FY2020); the FY2021 filing did not itemize Part VII

James Tzitzon

President

$0Pt VII · Sec A

Christos S Papaefthemiou

Vice President

$0Pt VII · Sec A

Charles Antonopoulos

Treasurer

$0Pt VII · Sec A

Robert Regan

Secretary

$0Pt VII · Sec A

Theodore Xenakis

Director

$0Pt VII · Sec A

John G Chopas

Director

$0Pt VII · Sec A

Nicholas S Kallan

Director

$0Pt VII · Sec A

E P Terry Mitchell

Director

$0Pt VII · Sec A

See Ahepa 39 INC executive salaries →

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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1 program · $481K · in their own filed words · FY2020

01

Provide housing to low income individuals.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-3210357) · Dispute this line

$481Kprogram 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

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs

Year ending Jun 2025 · $4.3M federal money spent

Supportive Housing for the Elderly - Section 202 Hud Capital AdvanceDepartment of Housing and Urban Development · ALN 14.157 · Direct$4.3M

The auditor reported no findings.

Year ending Jun 2024 · $4.3M federal money spent

Supportive Housing for the Elderly - Section 202 Hud Capital AdvanceDepartment of Housing and Urban Development · ALN 14.157 · Direct$4.3M

The auditor reported no findings.

Year ending Jun 2023 · $4.3M federal money spent

Supportive Housing for the Elderly - Section 202 Hud Capital AdvanceDepartment of Housing and Urban Development · ALN 14.157 · Direct$4.3M

The auditor reported no findings.

Year ending Jun 2022 · $4.3M federal money spent

Supportive Housing for the Elderly - Section 202 Hud Capital AdvanceDepartment of Housing and Urban Development · ALN 14.157 · Direct$4.3M

The auditor reported no findings.

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$481K

Ln 12

Fees for servicesLn 2g$476K

Other incomeLn 4–11$5K

Investment incomeLn 3$192

Money outPt IX

$545K

Ln 25

Programscol B$481K

Managementcol C$64K

Owns and owesPt X

$2.4M

net assets · Ln 32

Cash and savingsLn 1–2$15K

Total assetsLn 16$2.5M

LiabilitiesLn 26$82K

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$476K

Investment incomeLn 3$192

Other incomeLn 4–11$5K

Total revenueLn 12$481K

Assets in detailPt X, end of year

CashLn 1$15K

Cash and savings togetherLn 1–2$15K

Accounts receivableLn 4$419

Prepaid expenses and deferred chargesLn 9$25K

Land, buildings, equipmentLn 10c$1.7M

Other assetsLn 15$672K

Total assetsLn 16$2.5M

LiabilitiesLn 26$82K

Net assetsLn 32$2.4M

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$2K	$15K
Land, buildings, equipmentLn 10c	$1.9M	$1.7M
Total assetsLn 16	$2.5M	$2.5M
LiabilitiesLn 26	$58K	$82K
Net assetsLn 32	$2.4M	$2.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$52K		$52K
Accounting feesLn 11c	$11K		$11K
Office expensesLn 13	$2K	$2K
Information technologyLn 14	$2K	$2K
OccupancyLn 16	$46K	$46K
TravelLn 17	$7	$7
Conferences, conventions and meetingsLn 19	$159		$159
InterestLn 20	$1	$1
Depreciation, depletion and amortizationLn 22	$135K	$135K
InsuranceLn 23	$37K	$37K
Other expenses (24a–d)Ln 24	$234K	$234K
All other expensesLn 24e	$24K	$24K
Total functional expensesLn 25	$545K	$481K	$64K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Mar 10, 2026	$568K	$684K	−$116K	$1.9M	990 PDF
FY2024Filed with the IRS Mar 13, 2025	$558K	$679K	−$122K	$2.0M	990 PDF
FY2023Filed with the IRS Apr 13, 2024	$510K	$556K	−$46K	$2.2M	990 PDF
FY2022Filed with the IRS Jan 13, 2023	$482K	$639K	−$158K	$2.2M	990 PDF
FY2021 ViewingFiled with the IRS Apr 5, 2022	$481K	$545K	−$64K	$2.4M	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2021 990

Part I · Summary $480,930 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $469,263$476,153

I-10 Investment incomePrior year $5,630$192

I-11 Other revenuePrior year $13,442$4,585

I-12 Total revenuePrior year $488,335$480,930

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 $545,539$544,616

I-18 Total expensesPrior year $545,539$544,616

I-19 Revenue less expensesPrior year −$57,204−$63,686

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 $480,930 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $476,153$476,153

VIII-3 Investment incomeExcluded from tax $192$192

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $4,585$4,585

VIII-12 Total revenueRelated to mission $476,153 · Unrelated business $0 · Excluded from tax $4,777$480,930

Part IX · Statement of functional expenses $544,616 across 12 lines filed

IX-11a Management feesManagement $52,106$52,106

IX-11c Accounting feesManagement $11,387$11,387

IX-13 Office expensesPrograms $2,045$2,045

IX-14 Information technologyPrograms $2,248$2,248

IX-16 OccupancyPrograms $45,982$45,982

IX-17 TravelPrograms $7$7

IX-19 Conferences, conventions and meetingsManagement $159$159

IX-20 InterestPrograms $1$1

IX-22 Depreciation, depletion and amortizationPrograms $135,146$135,146

IX-23 InsurancePrograms $37,065$37,065

IX-24 Other expenses (24a–d)Programs $234,249$234,249

IX-24e All other expensesPrograms $24,221$24,221

IX-25 Total functional expensesPrograms $480,964 · Management $63,652 · Fundraising $0$544,616

Part X · Balance sheet $2,455,377 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $2,353$14,573

X-4 Accounts receivableStart of year $419$419

X-9 Prepaid expenses and deferred chargesStart of year $23,187$25,130

X-10c Land, buildings and equipment, netStart of year $1,874,372$1,743,621

X-15 Other assetsStart of year $594,764$671,634

X-16 Total assetsStart of year $2,495,095$2,455,377

X-17 Accounts payable and accrued expensesStart of year $31,167$51,789

X-19 Deferred revenueStart of year $2,625$5,022

X-25 Other liabilitiesStart of year $24,351$25,300

X-26 Total liabilitiesStart of year $58,143$82,111

X-27 Net assets without donor restrictionsStart of year −$1,648,948−$1,712,634

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 $2,436,952$2,373,266

X-33 Total liabilities and net assetsStart of year $2,495,095$2,455,377

Part XI · Reconciliation of net assets $2,373,266 net assets at year end

XI-1 Total revenue$480,930

XI-2 Total expenses$544,616

XI-3 Revenue less expenses−$63,686

XI-4 Net assets at start of year$2,436,952

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$2,373,266

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Ahepa 39 INC FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Ahepa 39 INC

Funders

Grants

Federal money

By the numbers

Filing history

Schedules filed Part IV