Ahepa Affordable Housing Management Company Inc
- Assets
- $33.3m
- Revenue
- $16.5m
- Investments
- $14.4m
- Employees
- 374
- Location
- Fishers, IN
- Founding
- 09/1993
- Data as of
- 12/2023
- EIN
- 35-1867058
Organization Overview
Ahepa Affordable Housing Management Company Inc is located in Fishers, IN. The organization was established in 1993. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Ahepa Affordable Housing Management Company Inc employed 374 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ahepa Affordable Housing Management Company 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 12/2023, Ahepa Affordable Housing Management Company Inc generated $16.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $8.2m during the year ending 12/2023. While expenses have increased by 9.7% per year over the past 9 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.
Since 2015, Ahepa Affordable Housing Management Company Inc has awarded 44 individual grants totaling $1,025,872. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE THE DEVELOPMENT, CONSTRUCTION, MANAGEMENT, AND OPERATION OF AFFORDABLE HOUSING FACILITIES FOR LOW-INCOME ELDERLY AND HANDICAPPED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION MANAGED 87 HOUSING FACILITIES IN 20 STATES. CURRENTLY, ALL 87 OF THE HOUSING FACILITIES PARTICIPATE IN ONE OR MORE PROGRAMS SPONSORED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Konstantine Angelo Director | Trustee | 1 | $0 |
Angelo Kostarides Director | Trustee | 1 | $0 |
Theodore Gulas Director | Trustee | 1 | $0 |
Ellen Platis Director | Trustee | 1 | $0 |
Tasos Kalantzis Director | Trustee | 1 | $0 |
Michael Pikakis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,628,356 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,628,356 |
| Total Program Service Revenue | $7,919,513 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $47,936 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,485,837 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,127,786 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $479,529 |
| Compensation of current officers, directors, key employees. | $95,906 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,767,091 |
| Pension plan accruals and contributions | $190,517 |
| Other employee benefits | $603,019 |
| Payroll taxes | $237,384 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,478 |
| Fees for services: Accounting | $56,607 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $112,567 |
| Advertising and promotion | $162,707 |
| Office expenses | $687,678 |
| Information technology | $91,371 |
| Royalties | $0 |
| Occupancy | $84,611 |
| Travel | $474,249 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,512 |
| Interest | $303,522 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,428 |
| Insurance | $161,166 |
| All other expenses | $0 |
| Total functional expenses | $8,174,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,751,311 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,626,898 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $822,597 |
| Net Land, buildings, and equipment | $5,042,501 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $14,448,171 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,570,231 |
| Total assets | $33,261,709 |
| Accounts payable and accrued expenses | $1,810,746 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $776,676 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $5,460,039 |
| Other liabilities | $529,655 |
| Total liabilities | $8,577,116 |
| Net assets without donor restrictions | $24,684,593 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $33,261,709 |
Grants Awarded
Over the last fiscal year, Ahepa Affordable Housing Management Company Inc has awarded $418,461 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
WILLIAM G HELIS CHAPTER 310 ORDER OF AHEPA CHARITABLE FOUNDATION PURPOSE: TO PROVIDE FUNDING FOR CHARITABLE PURPOSE | $67,711 |
AHEPA 78 CHARITIES INC PURPOSE: TO PROVIDE FUNDING FOR CHARITABLE PURPOSE | $32,976 |
PENELOPE HOUSE INC PURPOSE: TO PROVIDE FUNDING FOR CHARITABLE PURPOSE | $30,000 |
AHEPA 232 FOUNDATION INC PURPOSE: TO PROVIDE FUNDING FOR CHARITABLE PURPOSE | $18,906 |
ORTHODOX VOLUNTEER CORPS PURPOSE: TO PROVIDE FUNDING FOR CHARITABLE PURPOSE | $24,000 |
PENELOPE 54 CHARITABLE FOUNDATION PURPOSE: TO PROVIDE FUNDING FOR CHARITABLE PURPOSE | $12,311 |