Ahepa 59 Inc
- Assets
- $2.2m
- Revenue
- $450.7k
- Investments
- $222.2k
- Employees
- 0
- Location
- Canton, OH
- Founding
- 04/2002
- Data as of
- 06/2021
- 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 06/2021, Ahepa 59 Inc generated $450.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $534.1k during the year ending 06/2021. While expenses have increased by 1.9% per year over the past 6 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
2021
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 | |
Chris Vallos Vice President | 1 | $0 | |
George Kalantzis Secretary | 1 | $0 | |
Anastasios Kiskoridis Treasurer | 1 | $0 | |
Mary Griveas Assistant Secretary | 1 | $0 | |
Stella Vallos Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $282,505 |
| Interest on Savings | $79 |
| 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 | $168,066 |
| Total Revenue | $450,650 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $4,253 |
| Taxes | $3,360 |
| Depreciation | $78,296 |
| Occupancy | $89,426 |
| Travel, conferences, and meetings | $2,483 |
| Printing and publications | $0 |
| Other expenses | $347,578 |
| Total operating and administrative expenses | $534,063 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $534,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,616 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,203 |
| 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 | $12,207 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $222,190 |
| Net Land, buildings, and equipment | $1,898,279 |
| Other assets | $16,077 |
| Total assets | $2,163,572 |
| Accounts payable and accrued expenses | $118,943 |
| Grants payable | $0 |
| Deferred revenue | $24 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $70,770 |
| Other liabilities | $15,802 |
| Total liabilities | $205,539 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Church Residences Columbus, OH | $160,821,916 | $104,850,885 |
Capital Area Housing Partnership Lansing, MI | $4,892,725 | $36,115,951 |
1260 Housing Development Corporation Philadelphia, PA | $75,955,661 | $16,577,131 |
Community Housing Network Inc Columbus, OH | $58,364,637 | $14,874,820 |
Housing Development Corporation Midatlantic Lancaster, PA | $24,908,226 | $11,939,671 |
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 |
Norris Square Community Alliance Philadelphia, PA | $13,759,138 | $8,779,038 |
Hudsonville Christian School Hudsonville, MI | $18,424,541 | $13,917,128 |
Society Of St Vincent Depaul Council Of Louisville Louisville, KY | $10,950,346 | $7,888,364 |
Socayr Inc Louisville, KY | $34,945,508 | $6,749,829 |
Lacasa Of Goshen Inc Goshen, IN | $26,643,418 | $6,732,087 |