Ahepa 18 INC: FY2021 Nonprofit Profile & Form 990 (EIN 65-0444455)

Revenue by fiscal year
FY2021	$875K
FY2022	$2.6M

Expenses by fiscal year
FY2021	$1.1M
FY2022	$875K

Net assets by fiscal year
FY2021	$2.8M
FY2022	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

87 cents of each dollar spent went to programs.

87%

13%

Program services 87% · $939K Management & general 13% · $144K

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

4 people listed on the 990.

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

Dimitrious Theodossakos

President

$0Pt VII · Sec A

Stephen P Pavlakos

Vice President

$0Pt VII · Sec A

Nicke Musgrove

Secretary/Treasurer

$0Pt VII · Sec A

Elias Magalios

Director

$0Pt VII · Sec A

See Ahepa 18 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 low-income residents.

Questions for Ahepa 18 INC

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1 program · $939K · in their own filed words · FY2020

01

Provide housing to low income individuals

$939Kprogram 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 2022 · $5.6M federal money spent

Supportive Housing for the Elderly - Section 202 Ud Capital AdvanceDepartment of Housing and Urban Development · ALN 14.157 · Direct$5.6M

The auditor reported no findings.

Year ending Jun 2021 · $5.7M federal money spent

Supportive Housing for the Elderly - Section 202 Hud Capital AdvanceDepartment of Housing and Urban Development · ALN 14.157 · Direct$5.7M

The auditor reported no findings.

Year ending Jun 2020 · $5.7M federal money spent

Supportive Housing for the Elderly - Section 202 Capital AdvanceDepartment of Housing and Urban Development · ALN 14.157 · Direct$5.7M

The auditor reported no findings.

Year ending Jun 2019 · $5.7M federal money spent

Supportive Housing for the Elderly - Section 202 Capital AdvanceDepartment of Housing and Urban Development · ALN 14.157 · Direct$5.7M

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

$875K

Ln 12

Fees for servicesLn 2g$872K

Other incomeLn 4–11$3K

Investment incomeLn 3$16

Money outPt IX

$1.1M

Ln 25

Programscol B$939K

Managementcol C$144K

Owns and owesPt X

$2.8M

net assets · Ln 32

Cash and savingsLn 1–2$158

Total assetsLn 16$2.9M

LiabilitiesLn 26$73K

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$872K

Investment incomeLn 3$16

Other incomeLn 4–11$3K

Total revenueLn 12$875K

Assets in detailPt X, end of year

CashLn 1$158

Cash and savings togetherLn 1–2$158

Land, buildings, equipmentLn 10c$2.3M

Other assetsLn 15$460K

Total assetsLn 16$2.9M

LiabilitiesLn 26$73K

Net assetsLn 32$2.8M

OperationsPt I, VI

EmployeesI 50

VolunteersI 64

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	$14K	$158
Land, buildings, equipmentLn 10c	$2.5M	$2.3M
Total assetsLn 16	$3.1M	$2.9M
LiabilitiesLn 26	$72K	$73K
Net assetsLn 32	$3.0M	$2.8M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$126K		$126K
Accounting feesLn 11c	$16K		$16K
Advertising and promotionLn 12	$68	$68
Office expensesLn 13	$5K	$5K
Information technologyLn 14	$6K	$6K
OccupancyLn 16	$145K	$145K
Conferences, conventions and meetingsLn 19	$2K		$2K
Depreciation, depletion and amortizationLn 22	$156K	$156K
InsuranceLn 23	$85K	$85K
Other expenses (24a–d)Ln 24	$520K	$520K
All other expensesLn 24e	$22K	$22K
Total functional expensesLn 25	$1.1M	$939K	$144K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2022 LatestFiled with the IRS May 11, 2023	$2.6M	$875K	$1.7M	$0	990 PDF
FY2021 ViewingFiled with the IRS Apr 26, 2022	$875K	$1.1M	−$208K	$2.8M	990 PDF

Schedules filed Part IV

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

See the full FY2021 990 (6 parts)

Part I · Summary $874,763 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $850,673$872,199

I-10 Investment incomePrior year $278$16

I-11 Other revenuePrior year $19,949$2,548

I-12 Total revenuePrior year $870,900$874,763

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 $979,227$1,083,126

I-18 Total expensesPrior year $979,227$1,083,126

I-19 Revenue less expensesPrior year −$108,327−$208,363

Part VI · Governance 4 of 4 board members independent, 4 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

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 $874,763 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $872,199$872,199

VIII-3 Investment incomeExcluded from tax $16$16

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,548$2,548

VIII-12 Total revenueRelated to mission $872,199 · Unrelated business $0 · Excluded from tax $2,564$874,763

Part IX · Statement of functional expenses $1,083,126 across 11 lines filed

IX-11a Management feesManagement $126,270$126,270

IX-11c Accounting feesManagement $15,817$15,817

IX-12 Advertising and promotionPrograms $68$68

IX-13 Office expensesPrograms $5,142$5,142

IX-14 Information technologyPrograms $5,823$5,823

IX-16 OccupancyPrograms $145,264$145,264

IX-19 Conferences, conventions and meetingsManagement $2,298$2,298

IX-22 Depreciation, depletion and amortizationPrograms $155,903$155,903

IX-23 InsurancePrograms $85,238$85,238

IX-24 Other expenses (24a–d)Programs $519,579$519,579

IX-24e All other expensesPrograms $21,724$21,724

IX-25 Total functional expensesPrograms $938,741 · Management $144,385 · Fundraising $0$1,083,126

Part X · Balance sheet $2,850,051 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $14,430$158

X-4 Accounts receivableStart of year $1,363$679

X-9 Prepaid expenses and deferred chargesStart of year $54,666$49,031

X-10c Land, buildings and equipment, netStart of year $2,485,220$2,339,816

X-15 Other assetsStart of year $501,181$460,367

X-16 Total assetsStart of year $3,056,860$2,850,051

X-17 Accounts payable and accrued expensesStart of year $43,578$43,668

X-19 Deferred revenueStart of year $584$580

X-25 Other liabilitiesStart of year $27,361$28,829

X-26 Total liabilitiesStart of year $71,523$73,077

X-27 Net assets without donor restrictionsStart of year −$2,125,163−$2,333,526

X-28 Net assets with donor restrictionsStart of year $5,110,500$5,110,500

X-32 Total net assets or fund balancesStart of year $2,985,337$2,776,974

X-33 Total liabilities and net assetsStart of year $3,056,860$2,850,051

Part XI · Reconciliation of net assets $2,776,974 net assets at year end

XI-1 Total revenue$874,763

XI-2 Total expenses$1,083,126

XI-3 Revenue less expenses−$208,363

XI-4 Net assets at start of year$2,985,337

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$2,776,974

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 18 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 18 INC

Funders

Federal money

By the numbers

Filing history

Schedules filed Part IV