2026-01-28T11:55:08-06:00 2025-06-30 310800053 CLARK SCHAEFER HACKETT & CO 14 EAST MAIN STREET SUITE 500 SPRINGFIELD OH 45502 990 2024-07-01 421329782 AHEPA 192 INC AHEP 5152766766 6190 NW 59TH COURT JOHNSTON IA 50131 JAMES KARTHAN PRESIDENT 5152766766 2026-01-28 1 0 RENEA R IRICK P01586814 9373992000 2026-01-28 2024 2025-03-06 01:10:19Z JAMES KARTHAN 6190 NW 59TH COURT JOHNSTON IA 50131 660684 0 X N/A X 1990 IA THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY. 10 10 0 10 0 0 0 0 640743 656401 2301 3083 1803 1200 644847 660684 0 0 0 0 0 0 0 0 0 591080 605497 591080 605497 53767 55187 1781828 1787804 2792703 2743492 -1010875 -955688 THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY. 0 0 555474 656401 PROVIDE HOUSING TO LOW INCOME INDIVIDUALS. 555474 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 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 1 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X AHEPA AFFORDABLE HOUSING MGT CO 3178453410 10706 SKY PRAIRIE ST FISHERS IN 46038 X X JAMES KARTHAN PRESIDENT 1.00 3.00 X X 0 0 0 THEODORE VELMAN VICE PRESIDENT 1.00 2.00 X X 0 0 0 ELIAS KARTHAN SECRETARY 1.00 2.00 X X 0 0 0 CHRISTOPHER AXIOTIS TREASURER 1.00 2.00 X X 0 0 0 ZACK ZAZAS DIRECTOR 1.00 2.00 X 0 0 0 PETER CADE DIRECTOR 1.00 2.00 X 0 0 0 GEORGE HATZIGIANNAKIS DIRECTOR 1.00 2.00 X 0 0 0 S CHRISTY KARTHAN DIRECTOR 1.00 2.00 X 0 0 0 GEORGE CHRIST DIRECTOR 1.00 2.00 X 0 0 0 GEORGE ANTONIOU DIRECTOR 1.00 2.00 X 0 0 0 0 0 0 0 0 0 0 0 TENANT ASSISTANCE HUD 531110 372027 372027 RENTAL INCOME 531110 284374 284374 656401 3083 3083 OTHER INCOME 531110 1200 1200 1200 660684 656401 0 4283 32976 32976 12541 12541 1719 1719 2418 2418 14462 14462 42692 42692 4 4 4506 4506 141963 141963 76506 76506 38026 38026 MANAGEMENT EXPENSE STAF 143123 143123 CONTRACT SERVICES 42098 42098 SERVICE COORDINATOR EXP 29918 29918 SNOW REMOVAL 4733 4733 17812 17812 605497 555474 50023 0 2340 4833 37100 29846 3702504 2478820 1290552 1223684 449343 531934 1781828 1787804 46169 36971 3984 4769 2723038 2681857 19512 19895 2792703 2743492 X -1010875 -955688 -1010875 -955688 1781828 1787804 55187 0 X X 0 1 X 1 1 1 X 598406 610480 628032 640743 656401 3134062 598406 610480 628032 640743 656401 3134062 0 0 0 3134062 73 79 152 2301 3083 5688 73 79 152 2301 3083 5688 5598 26008 8286 1803 1200 42895 604077 636567 636470 644847 660684 3182645 0.98470 0.97920 0.00180 0.00100 X FORM 990, SCHEDULE A, 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. 159137 159137 3326025 2312067 1013958 217342 166753 50589 1223684 REPLACEMENT RESERVE HUD 207202 PAINTING RESERVE 35729 TENANT SECURITY DEPOSITS 30441 RESIDUAL RECEIPTS RESERVE 11361 ESCROW DEPOSIT 247201 531934 TENANT SECURITY DEPOSITS 19895 19895 X 660684 0 660684 0 660684 605497 0 605497 0 605497 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, 2025 AND 2024. 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, 2025 AND 2024. FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING BOARD MEMBERS HAVE A FAMILY RELATIONSHIP: CHRISTY KARTHAN (DIRECTOR), JAMES L. KARTHAN (PRESIDENT), ELIAS D. KARTHAN (SECRETARY). FORM 990, PART VI, SECTION A, LINE 3 THE CORPORATION IS MANAGED BY AHEPA AFFORDABLE MANAGEMENT COMPANY, INC., AN AFFILIATE OF 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 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 ORGANIZATION MAKES AVAILABLE ALL DOCUMENTS REQUIRED BY LAW. FORM 990, 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. FORM 990, PART XII, LINE 2C THE PROCESS IS CONSISTENT WITH PRIOR YEARS. AHEPA 192 II INC 202 SE 30TH STREET ANKENY IA 50021 421487324 AFFORDABLE LOW-INCOME HOUSING IA 501(C)(3) LINE 10 N/A 0 AHEPA 192 III INC 112 SE 30TH STREET ANKENY IA 50021 270084978 AFFORDABLE LOW-INCOME HOUSING IA 501(C)(3) LINE 10 N/A 0 AHEPA 192 IV INC 10706 SKY PRAIRIE ST FISHERS IN 46038 922227152 AFFORDABLE LOW-INCOME HOUSING IA 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