2024-04-16T13:39:36-05:00 2023-06-30 310800053 CLARK SCHAEFER HACKETT & CO 14 EAST MAIN STREET SUITE 500 SPRINGFIELD OH 45502 990 2022-07-01 222989708 AHEPA 37 INC AHEP 3154753818 100 AHEPA CIRCLE SYRACUSE NY 13215 GEORGE NARDONE PRESIDENT 3154753818 2024-04-16 1 GEORGE NARDONE 999009999 0 RENEA R IRICK P01586814 9373992000 2024-04-16 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GEORGE NARDONE 100 AHEPA CIRCLE SYRACUSE NY 13215 625707 0 X N/A X 1987 NY THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY. 9 9 0 9 0 0 0 0 603384 606195 27 23 13630 19489 617041 625707 0 0 0 0 0 0 0 0 0 521315 494694 521315 494694 95726 131013 708538 696280 1380225 1236954 -671687 -540674 THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY. 0 0 450561 606195 PROVIDE HOUSING TO LOW INCOME INDIVIDUALS. 450561 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 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 X AHEPA MANAGEMENT COMPANY 3178453140 10706 SKY PRAIRIE STREET FISHERS IN 43068 X GEORGE NARDONE PRESIDENT 1.00 X X 0 0 0 MIKE LABATOS VICE PRESIDENT 1.00 X X 0 0 0 NICK A KOUSMANIDIS TREASURER 1.00 X X 0 0 0 THEODORE LIMPERT SECRETARY 1.00 X X 0 0 0 STAVROS CAPOUSIS DIRECTOR 1.00 X 0 0 0 GUS KOSMAS DIRECTOR 1.00 X 0 0 0 CHARLES E MACKENZIE DIRECTOR 1.00 X 0 0 0 DENNIS KIRIAZIDES DIRECTOR 1.00 X 0 0 0 GREG MILEDONIS DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 TENANT ASSISTANCE HUD 531110 391758 391758 RENTAL INCOME 531110 214437 214437 606195 23 23 OTHER INCOME 531110 19489 19489 19489 625707 606195 0 19512 33636 33636 8278 8278 728 728 5509 5509 6475 6475 37596 37596 2219 2219 96918 96918 48559 48559 56772 56772 MANAGEMENT EXPENSE STAF 113614 113614 CONTRACT SERVICES 35028 35028 SERVICE COORDINATOR EXP 26551 26551 SUPPLIES 8401 8401 14410 14410 494694 450561 44133 0 32568 15840 3123 1545 9624 13072 3472299 3074759 429122 397540 234101 268283 708538 696280 158609 101232 3252 3525 1198752 1112505 19612 19692 1380225 1236954 X -671687 -540674 -671687 -540674 708538 696280 131013 0 X X 0 1 X 1 1 1 X 567632 566857 574390 603384 606195 2918458 567632 566857 574390 603384 606195 2918458 0 0 0 2918458 161 132 27 27 23 370 161 132 27 27 23 370 2323 10342 1500 13630 19489 47284 570116 577331 575917 617041 625707 2966112 0.98390 0.99020 0.00010 0.00020 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. 50000 50000 3217513 2879800 337713 16278 16278 0 188508 178681 9827 397540 TENANT SECURITY DEPOSIT 29730 RESERVES 229162 ESCROW DEPOSIT 1601 RESIDUAL RECEIPTS 7790 268283 SECURITY DEPOSIT LIABILITY 19692 19692 X 625707 0 625707 0 625707 494694 0 494694 0 494694 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 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 8B THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. 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 B, LINE 12C REVIEW THE POLICY ON AN ANNUAL BASIS WITH THE BOARD OF DIRECTORS TO MAKE SURE THAT EVERYONE IS COMPLYING. 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. FORM 990, PART XII, LINE 2C: THE PROCESS IS CONSISTENT WITH PRIOR YEARS.