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Ahepa 100 INC

Tax-deductible

South Bend, IN501(c)(3)HousingEIN 35-2157104

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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.
91¢ of each $1 spent went to programs.
Run by 7 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
1 of 5
filings with a surplus
Average deficit $19K a year · 4% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 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
$47K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$524K
+6% vs prior year
Spent
$549K
To programs
91%
Net assets
$2.3M
By yearFY2021–FY2025
Revenue
$524K
FY2025▲ +6%
Revenue by fiscal year
FY2021$441K
FY2022$441K
FY2023$470K
FY2024$492K
FY2025$524K
Expenses
$549K
FY2025▲ +4%
Expenses by fiscal year
FY2021$431K
FY2022$471K
FY2023$487K
FY2024$526K
FY2025$549K
Net assets
$2.3M
FY2025▼ -1%
Net assets by fiscal year
FY2021$2.4M
FY2022$2.4M
FY2023$2.3M
FY2024$2.3M
FY2025$2.3M

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 May 2002.

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% · $502K Management & general 9% · $48K

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

6 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
George Mighion
Vice President
$0Pt VII · Sec A
Angela Magrames
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ahepa 100 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.

Provided by the organization

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1 program service account for $502K of program spending, described in the organization's own filed words · FY2024.
01

Provide housing to low income individuals.

$502Kprogram expense

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By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$524K
Ln 12
Fees for servicesLn 2g$508K
Investment incomeLn 3$10K
Other incomeLn 4–11$5K
Money outPt IX
$549K
Ln 25
Programscol B$502K
Managementcol C$48K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$2.3M
LiabilitiesLn 26$47K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$150
Fees for servicesLn 2g$508K
Investment incomeLn 3$10K
Other incomeLn 4–11$5K
Total revenueLn 12$524K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
Land, buildings, equipmentLn 10c$2.0M
Other assetsLn 15$272K
Total assetsLn 16$2.3M
LiabilitiesLn 26$47K
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
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$3K
Land, buildings, equipmentLn 10c$2.1M$2.0M
Total assetsLn 16$2.4M$2.3M
LiabilitiesLn 26$51K$47K
Net assetsLn 32$2.3M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$35K$35K
Accounting feesLn 11c$9K$9K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$7K$7K
Information technologyLn 14$9K$9K
OccupancyLn 16$44K$44K
TravelLn 17$649$649
Conferences, conventions and meetingsLn 19$3K$3K
InterestLn 20$270$270
Depreciation, depletion and amortizationLn 22$109K$109K
InsuranceLn 23$45K$45K
Other expenses (24a–d)Ln 24$250K$250K
All other expensesLn 24e$33K$33K
Total functional expensesLn 25$549K$502K$48K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $524K$549K−$26K$2.3M 990 PDF
FY2024 $492K$526K−$34K$2.3M 990 PDF
FY2023 $470K$487K−$16K$2.3M 990 PDF
FY2022 $441K$471K−$30K$2.4M 990 PDF
FY2021 $441K$431K$10K$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 (4 parts)
Part VIII · Statement of revenue $523,518 across 6 lines filed
VIII-1f All other contributions, gifts and grants$150
VIII-1h Total contributions, gifts and grants$150
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $508,450$508,450
VIII-3 Investment incomeExcluded from tax $9,695$9,695
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $5,223$5,223
VIII-12 Total revenueRelated to mission $508,450 · Unrelated business $0 · Excluded from tax $14,918$523,518
Part IX · Statement of functional expenses $549,092 across 13 lines filed
IX-11a Management feesManagement $35,400$35,400
IX-11c Accounting feesManagement $9,146$9,146
IX-12 Advertising and promotionPrograms $1,993$1,993
IX-13 Office expensesPrograms $7,443$7,443
IX-14 Information technologyPrograms $9,222$9,222
IX-16 OccupancyPrograms $44,067$44,067
IX-17 TravelPrograms $649$649
IX-19 Conferences, conventions and meetingsManagement $2,965$2,965
IX-20 InterestPrograms $270$270
IX-22 Depreciation, depletion and amortizationPrograms $108,722$108,722
IX-23 InsurancePrograms $45,400$45,400
IX-24 Other expenses (24a–d)Programs $250,398$250,398
IX-24e All other expensesPrograms $33,417$33,417
IX-25 Total functional expensesPrograms $501,581 · Management $47,511 · Fundraising $0$549,092
Part X · Balance sheet $2,328,288 assets, 12 lines filed
X-1 Cash, non-interest-bearing$2,676
X-4 Accounts receivableStart of year $16,656$4,309
X-9 Prepaid expenses and deferred chargesStart of year $29,278$29,280
X-10c Land, buildings and equipment, netStart of year $2,087,445$2,020,083
X-15 Other assetsStart of year $224,780$271,940
X-16 Total assetsStart of year $2,358,159$2,328,288
X-17 Accounts payable and accrued expensesStart of year $31,273$26,260
X-25 Other liabilitiesStart of year $20,028$20,782
X-26 Total liabilitiesStart of year $51,339$47,042
X-27 Net assets without donor restrictionsStart of year $2,306,820$2,281,246
X-32 Total net assets or fund balancesStart of year $2,306,820$2,281,246
X-33 Total liabilities and net assetsStart of year $2,358,159$2,328,288
Part XI · Reconciliation of net assets $2,281,246 net assets at year end
XI-1 Total revenue$523,518
XI-2 Total expenses$549,092
XI-3 Revenue less expenses−$25,574
XI-4 Net assets at start of year$2,306,820
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,281,246

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

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