Ahepa 371 Inc
- Assets
- $4.3m
- Revenue
- $341.2k
- Investments
- $1.8m
- Employees
- 0
- Location
- Harrison Township, MI
- Founding
- 05/1989
- Data as of
- 12/2021
- EIN
- 38-2742386
Organization Overview
Ahepa 371 Inc is located in Harrison Township, MI. The organization was established in 1989. 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 371 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 12/2021, Ahepa 371 Inc generated $341.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $207.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ahepa 371 Inc has awarded 60 individual grants totaling $762,852. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
AHEPA 371, INC. WAS ORGANIZED TO PROVIDE RELIEF TO THE POOR, THE DISTRESSED OR THE UNDERPRIVILEGED; TO ADVANCE RELIGION (AND FOR THIS ORGANIZATION, MORE SPECIFICALLY THE ORTHODOX RELIGION); TO ADVANCE EDUCATION OR SCIENCE; TO ERECT OR MAINTAIN PUBLIC BUILDINGS, MONUMENTS OR WORKS; TO LESSEN THE BURDENS OF GOVERNMENT; TO LESSEN NEIGHBORHOOD TENSIONS; TO ELIMINATE PREJUDICE AND DISCCRIMINNATION; TO DEFEND HUMAN AND CIVIL RIGHTS SECURED BY LAW; TO COMBAT COMMUNITY DETERIORATION AND JUVENILE DELINQUENCY; TO PROVIDE SCHOLARSHIPS TO INDIVIDUALS AND TO OPERATE, MANAGE OR DEVELOP HOUSING FOR LOW INCOME SENIOR OR HANDICAPPED PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John N Hatzis President | 1 | $0 | |
Lazaros Kircos Vice President | 1 | $0 | |
George S Gazepis Treasurer | 1 | $0 | |
Lou Pavledes Secretary | 1 | $0 | |
George Petrouleas Director | 1 | $0 | |
Louis Theros Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $134 |
| Dividends & Interest | $53,395 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $287,688 |
| Capital Gain Net Income | $287,688 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $341,217 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,446 |
| Total operating and administrative expenses | $16,061 |
| Contributions, gifts, grants paid | $190,985 |
| Total expenses and disbursements | $207,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $1,921,934 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $217,568 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $379,932 |
| Total assets | $4,326,306 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ahepa 371 Inc has awarded $190,985 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL SUPPORT | $31,000 |
Brookline, MA PURPOSE: GENERAL SUPPORT | $25,250 |
MISCELLANEOUS INDIVIDUALS PURPOSE: HOUSING SUPPORT | $24,050 |
AHEPA DISTRICT 10 PURPOSE: GENERAL SUPPORT | $16,500 |
HELLENIC MUSEUM OF MICHIGAN PURPOSE: GENERAL SUPPORT | $10,550 |
ASSUMPTION GREEK ORTHODOX CHURCH PURPOSE: GENERAL SUPPORT | $10,150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Church Residences Columbus, OH | $160,821,916 | $104,850,885 |
Wisconsin Housing Preservation Corp Madison, WI | $363,112,557 | $53,775,337 |
Capital Area Housing Partnership Lansing, MI | $4,892,725 | $36,115,951 |
Community Housing Network Inc Columbus, OH | $58,364,637 | $14,874,820 |
Ho-Chunk Housing And Community Development Agency Tomah, WI | $18,849,800 | $12,706,218 |
Iccf Community Home Grand Rapids, MI | $56,991,774 | $12,188,676 |
Over The Rhine Community Housing Cincinnati, OH | $24,358,276 | $7,722,304 |
Hudsonville Christian School Hudsonville, MI | $18,424,541 | $13,917,128 |
Lacasa Of Goshen Inc Goshen, IN | $26,643,418 | $6,732,087 |
Dwelling Place Of Grand Rapids Nonprofit Housing Corporation Grand Rapids, MI | $53,298,449 | $7,853,634 |
Creative Housing Inc Columbus, OH | $43,851,773 | $5,323,506 |
Harbor House Ministries Jenison, MI | $5,031,278 | $3,994,152 |