Ahepa 60 INC: FY2021 Nonprofit Profile & Form 990 (EIN 23-3087877)

Revenue by fiscal year
FY2021	$431K
FY2022	$460K
FY2023	$450K
FY2024	$451K
FY2025	$497K

Expenses by fiscal year
FY2021	$482K
FY2022	$472K
FY2023	$568K
FY2024	$555K
FY2025	$556K

Net assets by fiscal year
FY2021	$2.6M
FY2022	$2.6M
FY2023	$2.4M
FY2024	$2.3M
FY2025	$2.2M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2001.

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

Where the money goes

93 cents of each dollar spent went to programs.

93%

Program services 93% · $447K Management & general 7% · $34K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Charles Mackenzie

President

$0Pt VII · Sec A

Lawrence Larmer

Secretary

$0Pt VII · Sec A

Robert Vidoni

Treasurer

$0Pt VII · Sec A

Spyro Gellos

Director

$0Pt VII · Sec A

Theo Elias

Director

$0Pt VII · Sec A

Bryan Emery

Director

$0Pt VII · Sec A

Ryan Mackenzie

Director

$0Pt VII · Sec A

Nicos Elias

Director

$0Pt VII · Sec A

See Ahepa 60 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 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds and manages affordable housing for a community.

Questions for Ahepa 60 INC

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1 program · $447K · in their own filed words · FY2020

01

Provide housing to low income individuals.

$447Kprogram expense

Funders

Who pays for it.

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

Federal money

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

Year ending Jun 2025 · $3.9M federal money spent

Supportive Housing for the Elderly - Section 202 Hud Capital AdvanceDepartment of Housing and Urban Development · ALN 14.157 · Direct$3.9M

The auditor reported no findings.

Year ending Jun 2024 · $3.9M federal money spent

Supportive Housing for the Elderly - Section 202 Hud Capital AdvanceDepartment of Housing and Urban Development · ALN 14.157 · Direct$3.9M

The auditor reported 1 finding: questioned costs.

Year ending Jun 2023 · $4.0M federal money spent

Supportive Housing for the Elderly - Section 202 Hud Capital AdvanceDepartment of Housing and Urban Development · ALN 14.157 · Direct$4.0M

The auditor reported 2 findings: a weakness in money controls, questioned costs.

Year ending Jun 2022 · $3.9M federal money spent

Supportive Housing for the Elderly - Section 202 Hud Capital AdvanceDepartment of Housing and Urban Development · ALN 14.157 · Direct$3.9M

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

$431K

Ln 12

Fees for servicesLn 2g$424K

Other incomeLn 4–11$7K

Investment incomeLn 3$68

Money outPt IX

$482K

Ln 25

Programscol B$447K

Managementcol C$34K

Owns and owesPt X

$2.6M

net assets · Ln 32

Cash and savingsLn 1–2$21K

Total assetsLn 16$2.6M

LiabilitiesLn 26$66K

PeoplePt VI, VII

13

listed · VII A

PaidVII A0

Voting boardVI 1a13

IndependentVI 1b13

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$424K

Investment incomeLn 3$68

Other incomeLn 4–11$7K

Total revenueLn 12$431K

Assets in detailPt X, end of year

CashLn 1$21K

Cash and savings togetherLn 1–2$21K

Accounts receivableLn 4$2K

Prepaid expenses and deferred chargesLn 9$18K

Land, buildings, equipmentLn 10c$2.4M

Other assetsLn 15$241K

Total assetsLn 16$2.6M

LiabilitiesLn 26$66K

Net assetsLn 32$2.6M

OperationsPt I, VI

EmployeesI 50

VolunteersI 613

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	$134	$21K
Land, buildings, equipmentLn 10c	$2.4M	$2.4M
Total assetsLn 16	$2.7M	$2.6M
LiabilitiesLn 26	$78K	$66K
Net assetsLn 32	$2.6M	$2.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$24K		$24K
Legal feesLn 11b	$74	$74
Accounting feesLn 11c	$11K		$11K
Office expensesLn 13	$3K	$3K
Information technologyLn 14	$3K	$3K
OccupancyLn 16	$56K	$56K
InterestLn 20	$61	$61
Depreciation, depletion and amortizationLn 22	$122K	$122K
InsuranceLn 23	$31K	$31K
Other expenses (24a–d)Ln 24	$211K	$211K
All other expensesLn 24e	$22K	$22K
Total functional expensesLn 25	$482K	$447K	$34K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Jan 26, 2026	$497K	$556K	−$60K	$2.2M	990 PDF
FY2024Filed with the IRS Mar 24, 2025	$451K	$555K	−$104K	$2.3M	990 PDF
FY2023Filed with the IRS Apr 15, 2024	$450K	$568K	−$118K	$2.4M	990 PDF
FY2022Filed with the IRS May 3, 2023	$460K	$472K	−$12K	$2.6M	990 PDF
FY2021 ViewingFiled with the IRS Mar 18, 2022	$431K	$482K	−$51K	$2.6M	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $431,180 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $415,407$423,775

I-10 Investment incomePrior year $1,286$68

I-11 Other revenuePrior year $13,185$7,337

I-12 Total revenuePrior year $429,878$431,180

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 $480,278$481,724

I-18 Total expensesPrior year $480,278$481,724

I-19 Revenue less expensesPrior year −$50,400−$50,544

Part VI · Governance 13 of 13 board members independent, 5 to look at

VI-1a Voting members of the governing body13

VI-1b Independent voting members13

VI-2 Family or business relationship among officers or directorsYes

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

Part VIII · Statement of revenue $431,180 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $423,775$423,775

VIII-3 Investment incomeExcluded from tax $68$68

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $7,337$7,337

VIII-12 Total revenueRelated to mission $423,775 · Unrelated business $0 · Excluded from tax $7,405$431,180

Part IX · Statement of functional expenses $481,724 across 11 lines filed

IX-11a Management feesManagement $23,616$23,616

IX-11b Legal feesPrograms $74$74

IX-11c Accounting feesManagement $10,783$10,783

IX-13 Office expensesPrograms $2,776$2,776

IX-14 Information technologyPrograms $2,706$2,706

IX-16 OccupancyPrograms $55,556$55,556

IX-20 InterestPrograms $61$61

IX-22 Depreciation, depletion and amortizationPrograms $122,116$122,116

IX-23 InsurancePrograms $30,530$30,530

IX-24 Other expenses (24a–d)Programs $211,293$211,293

IX-24e All other expensesPrograms $22,213$22,213

IX-25 Total functional expensesPrograms $447,325 · Management $34,399 · Fundraising $0$481,724

Part X · Balance sheet $2,641,758 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $134$20,582

X-4 Accounts receivableStart of year $1,165$2,389

X-9 Prepaid expenses and deferred chargesStart of year $22,839$18,240

X-10c Land, buildings and equipment, netStart of year $2,443,287$2,359,273

X-15 Other assetsStart of year $236,729$241,274

X-16 Total assetsStart of year $2,704,154$2,641,758

X-17 Accounts payable and accrued expensesStart of year $43,707$31,635

X-19 Deferred revenueStart of year $0$55

X-24 Unsecured notes and loans payableStart of year $14,684$14,684

X-25 Other liabilitiesStart of year $19,419$19,584

X-26 Total liabilitiesStart of year $77,810$65,958

X-27 Net assets without donor restrictionsStart of year $2,626,344$2,575,800

X-32 Total net assets or fund balancesStart of year $2,626,344$2,575,800

X-33 Total liabilities and net assetsStart of year $2,704,154$2,641,758

Part XI · Reconciliation of net assets $2,575,800 net assets at year end

XI-1 Total revenue$431,180

XI-2 Total expenses$481,724

XI-3 Revenue less expenses−$50,544

XI-4 Net assets at start of year$2,626,344

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$2,575,800

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 60 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 60 INC

Funders

Federal money

By the numbers

Filing history

Schedules filed Part IV