2024-04-10T17:36:19-05:00 2023-06-30 310800053 CLARK SCHAEFER HACKETT & CO 14 EAST MAIN STREET SUITE 500 SPRINGFIELD OH 45502 990 2022-07-01 593760329 AHEPA 489 APARTMENTS INC AHEP 7278430636 6625 ROWAN ROAD NEW PORT RICHEY FL 34653 DEMETRIOS MAKRIS PRESIDENT 7278430636 2024-04-10 1 DEMETRIOS MAKRIS 999009999 0 RENEA R IRICK P01586814 9373992000 2024-04-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DEMETRIOS MAKRIS 6625 ROWAN ROAD NEW PORT RICHEY FL 34653 489065 0 X N/A X 2001 FL THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY. 9 9 0 9 0 0 0 0 464392 485133 14 1407 1410 2525 465816 489065 0 0 0 0 0 0 0 0 0 557951 542930 557951 542930 -92135 -53865 2304029 2219875 245481 215192 2058548 2004683 THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY. 0 0 498025 485133 PROVIDE HOUSING TO LOW INCOME INDIVIDUALS. 498025 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 1 1 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 X AHEPA AFFORDABLE HOUSING MANAGEMENT COMPANY INC 3178453410 10706 SKY PRAIRIE ST FISHERS IN 46038 X X DEMETRIOS MAKRIS PRESIDENT 1.00 X X 0 0 0 BILL MAKRIS VICE PRESIDENT 1.00 X X 0 0 0 ERICK V MEJIA SECRETARY 1.00 X X 0 0 0 DEAN MAKRIS TREASURER 1.00 X X 0 0 0 STEVE PHOTIADES DIRECTOR 1.00 X 0 0 0 YORGO MULLENAX DIRECTOR 1.00 X 0 0 0 ARGIRIOS VASILOPOULOS DIRECTOR 1.00 X 0 0 0 JOE O'NEIL DIRECTOR 1.00 X 0 0 0 THEOFANIS MAKRIS DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 TENANT ASSISTANCE HUD 531110 310677 310677 RENTAL INCOME 531110 174456 174456 485133 1407 1407 OTHER INCOME 531110 2525 2525 2525 489065 485133 0 3932 31824 31824 61 61 10975 10975 791 791 2990 2990 14346 14346 68725 68725 2106 2106 35 35 115573 115573 56176 56176 MANAGEMENT EXPENSE STAF 113902 113902 CONTRACT SERVICES 56945 56945 SERVICE COORDINATOR EXP 37171 37171 REPAIRS & MAINTENANCE 13863 13863 17447 17447 542930 498025 44905 0 39267 10720 11839 708 0 10914 3853809 1875991 2083644 1977818 169279 219715 2304029 2219875 72521 47115 1197 2033 158199 152522 13564 13522 245481 215192 X 2058548 2004683 2058548 2004683 2304029 2219875 -53865 0 X X 0 1 X 1 1 1 X 411486 425639 447555 464392 485133 2234205 411486 425639 447555 464392 485133 2234205 0 0 0 2234205 1005 750 60 14 1407 3236 1005 750 60 14 1407 3236 1370 11162 2713 1410 2525 19180 413861 437551 450328 465816 489065 2256621 0.99010 0.99060 0.00140 0.00090 X REFERENCE 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. 295362 295362 3269884 1607712 1662172 2237 1304 933 286326 266975 19351 1977818 REPLACEMENT RESERVE 203148 TENANT SECURITY DEPOSIT 15142 ESCROW DEPOSIT 1421 RESIDUAL RECEIPTS 4 219715 SECURITY DEPOSIT LIABILITY 13522 13522 X 489065 0 489065 0 489065 542930 0 542930 0 542930 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 BOARD MEMBERS DEMETRIOS MAKRIS, THEOFANIS MAKRIS, DEAN MAKRIS AND BILL MAKRIS HAVE A FAMILY RELATIONSHIP 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 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 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.