Ahepa 59 Inc
- Assets
- $2.1m
- Revenue
- $463.6k
- Investments
- $309.9k
- Employees
- 0
- Location
- Canton, OH
- Founding
- 04/2002
- Data as of
- 06/2023
- EIN
- 34-1964795
Organization Overview
Ahepa 59 Inc is located in Canton, OH. The organization was established in 2002. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ahepa 59 Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Ahepa 59 Inc generated $463.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $505.2k during the year ending 06/2023. While expenses have increased by 0.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION OPERATES AN AFFORDABLE HOUSING APARTMENT COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tasos Kalantzis President | 1 | $0 | |
George Kalantzis Vice President | 1 | $0 | |
George Foradis Secretary | 1 | $0 | |
Mary Griveas Assistant Secretary | 1 | $0 | |
Anastasios Kiskoridis Treasurer | 1 | $0 | |
Angela Gaitanos Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $276,420 |
| Interest on Savings | $1,543 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $185,631 |
| Total Revenue | $463,594 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $4,313 |
| Taxes | $200 |
| Depreciation | $80,140 |
| Occupancy | $77,436 |
| Travel, conferences, and meetings | $3,944 |
| Printing and publications | $0 |
| Other expenses | $330,502 |
| Total operating and administrative expenses | $505,176 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $505,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,663 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $612 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,657 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $309,884 |
| Net Land, buildings, and equipment | $1,777,206 |
| Other assets | $16,188 |
| Total assets | $2,125,210 |
| Accounts payable and accrued expenses | $143,640 |
| Grants payable | $0 |
| Deferred revenue | $2,355 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $70,770 |
| Other liabilities | $14,062 |
| Total liabilities | $230,827 |