2024-04-16T17:47:57-05:00 2023-06-30 310800053 CLARK SCHAEFER HACKETT & CO 14 EAST MAIN STREET SUITE 500 SPRINGFIELD OH 45502 990 2022-07-01 351552643 AHEPA 232 INC AHEP 3178495591 7355 SHADELAND STATION WAY INDIANAPOLIS IN 46256 ANGELO KOSTARIDES PRESIDENT 3178495591 2024-04-16 1 ANGELO KOSTARIDES 999009999 0 RENEA R IRICK P01586814 9373992000 2024-04-16 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANGELO KOSTARIDES 7355 SHADELAND STATION WAY INDIANAPOLIS IN 46256 764202 0 X N/A X 1989 IN THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY. 9 9 0 9 0 0 0 0 765571 755145 166 1052 8107 8005 773844 764202 0 0 0 0 0 0 0 0 0 767811 843167 767811 843167 6033 -78965 4444234 4330573 2902797 2868101 1541437 1462472 THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY. 0 0 775381 755145 PROVIDE HOUSING TO LOW INCOME INDIVIDUALS. 775381 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 1 1 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 IN X AHEPA AFFORDABLE HOUSING MGT CO 3178453410 10706 SKY PRAIRIE ST FISHERS IN 46038 X X ANGELO KOSTARIDES PRESIDENT 1.00 3.00 X X 0 0 0 ANGELO ZARVAS VICE PRESIDENT 1.00 2.00 X X 0 0 0 ANDREW SPIRRISON SECRETARY 1.00 2.00 X X 0 0 0 IRENE DONEY TREASURER 1.00 2.00 X X 0 0 0 IRENE SARRIS DIRECTOR 1.00 2.00 X 0 0 0 ILIAS SOTOS DIRECTOR 1.00 2.00 X 0 0 0 NICK SPIRRISON DIRECTOR 1.00 2.00 X 0 0 0 PANOS NIARCHOS DIRECTOR 1.00 2.00 X 0 0 0 ANGELA MAGRAMES DIRECTOR 1.00 2.00 X 0 0 0 0 0 0 0 0 0 0 0 TENANT ASSISTANCE HUD 531110 515848 515848 RENTAL INCOME 531110 239297 239297 755145 1052 1052 OTHER INCOME 531110 8005 8005 8005 764202 755145 0 9057 53325 53325 1222 1222 10312 10312 2109 2109 3882 3882 7889 7889 63662 63662 4149 4149 106460 106460 140310 140310 66569 66569 MANAGEMENT EXPENSE STAF 168701 168701 CONTRACT SERVICES 116959 116959 SERVICE COORDINATOR EXP 60509 60509 SUPPLIES 17436 17436 19673 19673 843167 775381 67786 0 236224 214832 4616 9822 32338 39893 4785013 1458315 3394507 3326698 776549 739328 4444234 4330573 33174 56604 480 1276 2848677 2790132 20466 20089 2902797 2868101 X 1541437 1462472 1541437 1462472 4444234 4330573 -78965 0 X X 0 1 X 1 1 1 X 731982 725685 757264 765571 755145 3735647 731982 725685 757264 765571 755145 3735647 0 0 0 3735647 887 1086 242 166 1052 3433 887 1086 242 166 1052 3433 2672 19172 5430 8107 8005 43386 735541 745943 762936 773844 764202 3782466 0.98760 0.98930 0.00090 0.00070 X PART III, LINE 12 MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. 156088 156088 4261153 1176207 3084946 286551 206932 79619 81221 75176 6045 3326698 REPLACEMENT RESERVE 514292 TENANT SECURITY DEPOSIT 21212 ESCROW DEPOSIT 140461 RESIDUAL RECEIPTS 63363 739328 SECURITY DEPOSIT LIABILITY 20089 20089 X 764202 0 764202 0 764202 843167 0 843167 0 843167 PART X, LINE 2: NO PROVISION OR BENEFIT FOR INCOME TAXES HAS BEEN INCLUDED IN THESE FINANCIAL STATEMENTS SINCE THE ORGANIZATION WAS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION AND HAS SECURED TAX EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. THE ORGANIZATION HAS DETERMINED THAT ALL INCOME TAX FILING POSITIONS WOULD BE SUSTAINED UPON EXAMINATION AND ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS PURSUANT TO ASC 740 INCOME TAXES AS OF JUNE 30, 2023 AND 2022. FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING MEMBERS HAVE A FAMILY RELATIONSHIP: ANDREW SPIRRISON AND NICK SPIRRISON. FORM 990, PART VI, SECTION A, LINE 3 THE CORPORATION IS MANAGED BY AHEPA AFFORDABLE MANAGEMENT COMPANY, INC., AN AFFILIATE OF A AHEPA NATIONAL HOUSING CORPORATION. AHEPA AFFORDABLE MANAGEMENT COMPANY, INC. HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). UNDER THIS CERTIFICATION, HUD HAS APPROVED AHEPA AFFORDABLE MANAGEMENT COMPANY, INC TO MANAGE THE UNDERLYING PROJECT OF THE CORPORATION. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND OUTGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT. FORM 990, PART VI, SECTION A, LINE 7A THE DIRECTORS OF THE CORPORATION SHALL, AT ALL TIMES BE, LIMITED TO INDIVIDUALS WHO ARE EITHER MEMBERS OF AHEPA NATIONAL HOUSING CORPORATION, THE SPONSORING ORGANIZATION, OR NONMEMBERS WHO HAVE THE APPROVAL OF THE BOARD OF DIRECTORS OF THE SAID SPONSORING ORGANIZATION. IF A DIRECTOR CEASES TO BE A MEMBER OF AHEPA NATIONAL HOUSING CORPORATION OR IF THE AFOREMENTIONED APPROVAL IS WITHDRAWN, THEN IN EITHER EVENT, SUCH SHALL CONSTITUTE AUTOMATIC RESIGNATION AS A MEMBER AND DIRECTOR OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE IRS FORM 990 IS INITIALLY REVIEWED BY THE MANAGEMENT COMPANY AND THEN PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND FINAL APPROVAL BEFORE FILING THE RETURN. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. PART VII, SECTION A, LINE 1A, COLUMN B ALL THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A, PERFORMED SIMILAR DUTIES AND HAVE SIMILAR RESPONSIBILITIES FOR RELATED ORGANIZATIONS AS THEY DO FOR THIS ORGANIZATION. THEIR TOTAL HOURS WORKED PER WEEK FOR THIS ORGANIZATION ARE SIMILAR TO HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS WORKED AND TYPE OF WORK PERFORMED. PART XII, LINE 2C THE PROCESS IS CONSISTENT WITH PRIOR YEARS. AHEPA 232 PHASE II INC 7355 SHADELAND STATION WAY INDIANAPOLIS IN 46256 351635762 AFFORDABLE LOW-INCOME HOUSING IN 501(C)(3) LINE 10 N/A 0 AHEPA 232 III INC 5685 EDEN VILLAGE DR INDIANAPOLIS IN 46254 331039034 AFFORDABLE LOW-INCOME HOUSING IN 501(C)(3) LINE 10 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0