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Ahepa 302 INC FY2023 filing

Tax-deductible

San Bernardino, CA501(c)(3)HousingEIN 56-2523021Revenue $887K in FY2023

On file with the IRS377 E Gilbert Street, 92404-5332 · San Bernardino, CATax-exempt since Dec 2005Publicly 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.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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 $193K a year · 22% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% 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
$264K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$887K
+1% vs prior year
Spent
$1.1M
To programs
86%
Net assets
$7.4M
By yearFY2021–FY2025
Revenue
$887K
FY2023▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2021$860K
FY2022$878K
FY2023$887K
FY2024$898K
FY2025$913K
Expenses
$1.1M
FY2023▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.1M
FY2022$1.1M
FY2023$1.1M
FY2024$1.1M
FY2025$1.1M
Net assets
$7.4M
FY2023▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2021$7.8M
FY2022$7.6M
FY2023$7.4M
FY2024$7.2M
FY2025$7.1M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 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 Dec 2005.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $906K Management & general 14% · $149K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Bobby Miragias
Vice President
$0Pt VII · Sec A
Michael Brinton
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Mary Verges
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Mark Bullock
Director
$0Pt VII · Sec A
See Ahepa 302 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 302 INC

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Provided by the organization

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1 program · $906K · in their own filed words · FY2022
01

Provide housing to low income individuals.

$906Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$887K
Ln 12
Fees for servicesLn 2g$877K
Other incomeLn 4–11$6K
Investment incomeLn 3$4K
Money outPt IX
$1.1M
Ln 25
Programscol B$906K
Managementcol C$149K
Owns and owesPt X
$7.4M
net assets · Ln 32
Cash and savingsLn 1–2$8K
Total assetsLn 16$7.7M
LiabilitiesLn 26$264K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$877K
Investment incomeLn 3$4K
Other incomeLn 4–11$6K
Total revenueLn 12$887K
Assets in detailPt X, end of year
CashLn 1$8K
Cash and savings togetherLn 1–2$8K
Land, buildings, equipmentLn 10c$6.9M
Other assetsLn 15$727K
Total assetsLn 16$7.7M
LiabilitiesLn 26$264K
Net assetsLn 32$7.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
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 FY23End FY23
Cash and savingsLn 1–2$4K$8K
Land, buildings, equipmentLn 10c$7.3M$6.9M
Total assetsLn 16$7.8M$7.7M
LiabilitiesLn 26$225K$264K
Net assetsLn 32$7.6M$7.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$125K$125K
Accounting feesLn 11c$16K$16K
Advertising and promotionLn 12$232$232
Office expensesLn 13$2K$2K
Information technologyLn 14$15K$15K
OccupancyLn 16$92K$92K
Conferences, conventions and meetingsLn 19$7K$7K
Depreciation, depletion and amortizationLn 22$354K$354K
InsuranceLn 23$59K$59K
Other expenses (24a–d)Ln 24$371K$371K
All other expensesLn 24e$13K$13K
Total functional expensesLn 25$1.1M$906K$149K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $913K$1.1M−$151K$7.1M 990 PDF
FY2024 $898K$1.1M−$187K$7.2M 990 PDF
FY2023 Viewing $887K$1.1M−$167K$7.4M 990 PDF
FY2022 $878K$1.1M−$231K$7.6M 990 PDF
FY2021 $860K$1.1M−$229K$7.8M 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 FY2023 990 (6 parts)
Part I · Summary $887,140 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $872,203$877,184
I-10 Investment incomePrior year $36$3,510
I-11 Other revenuePrior year $5,588$6,446
I-12 Total revenuePrior year $877,827$887,140
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 $1,109,101$1,054,590
I-18 Total expensesPrior year $1,109,101$1,054,590
I-19 Revenue less expensesPrior year −$231,274−$167,450
Part VI · Governance 10 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $887,140 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $877,184$877,184
VIII-3 Investment incomeExcluded from tax $3,510$3,510
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $6,446$6,446
VIII-12 Total revenueRelated to mission $877,184 · Unrelated business $0 · Excluded from tax $9,956$887,140
Part IX · Statement of functional expenses $1,054,590 across 11 lines filed
IX-11a Management feesManagement $125,356$125,356
IX-11c Accounting feesManagement $15,808$15,808
IX-12 Advertising and promotionPrograms $232$232
IX-13 Office expensesPrograms $1,946$1,946
IX-14 Information technologyPrograms $15,215$15,215
IX-16 OccupancyPrograms $91,582$91,582
IX-19 Conferences, conventions and meetingsManagement $7,377$7,377
IX-22 Depreciation, depletion and amortizationPrograms $354,197$354,197
IX-23 InsurancePrograms $58,615$58,615
IX-24 Other expenses (24a–d)Programs $371,296$371,296
IX-24e All other expensesPrograms $12,966$12,966
IX-25 Total functional expensesPrograms $906,049 · Management $148,541 · Fundraising $0$1,054,590
Part X · Balance sheet $7,696,568 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $3,648$7,924
X-4 Accounts receivableStart of year $7,269$7,012
X-9 Prepaid expenses and deferred chargesStart of year $33,463$35,213
X-10c Land, buildings and equipment, netStart of year $7,256,250$6,919,262
X-15 Other assetsStart of year $525,237$727,157
X-16 Total assetsStart of year $7,825,867$7,696,568
X-17 Accounts payable and accrued expensesStart of year $176,666$211,794
X-19 Deferred revenueStart of year $3,612$6,367
X-25 Other liabilitiesStart of year $45,100$45,368
X-26 Total liabilitiesStart of year $225,378$263,529
X-27 Net assets without donor restrictionsStart of year $7,600,489$7,433,039
X-32 Total net assets or fund balancesStart of year $7,600,489$7,433,039
X-33 Total liabilities and net assetsStart of year $7,825,867$7,696,568
Part XI · Reconciliation of net assets $7,433,039 net assets at year end
XI-1 Total revenue$887,140
XI-2 Total expenses$1,054,590
XI-3 Revenue less expenses−$167,450
XI-4 Net assets at start of year$7,600,489
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,433,039

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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