Ahepa 371 Inc
- Assets
- $3.8m
- Revenue
- $28.2k
- Investments
- $1.8m
- Employees
- 0
- Location
- Harrison Township, MI
- Founding
- 05/1989
- Data as of
- 12/2023
- 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 12/2023, Ahepa 371 Inc generated $28.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (34.9%) each year. All expenses for the organization totaled $366.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ahepa 371 Inc has awarded 100 individual grants totaling $1,403,954. 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
2023
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 |
|---|---|---|---|
James Thomas President | 1 | $0 | |
John Hatzis Past President | 1 | $0 | |
Lazaros Kiros Vice President | 1 | $0 | |
Steven Brylinski Treasurer | 1 | $0 | |
Lou Pavledes Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18,442 |
| Dividends & Interest | $37,262 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$27,545 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,159 |
| 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 | $1,307 |
| Total operating and administrative expenses | $10,517 |
| Contributions, gifts, grants paid | $356,340 |
| Total expenses and disbursements | $366,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,809,601 |
| 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 | $47,065 |
| 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 | $114,622 |
| Total assets | $3,768,844 |
| 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 $356,340 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AHEPA DISTRICT 10 EDUCATIONAL FOUNDATION PURPOSE: GENERAL SUPPORT | $5,550 |
AHEPA DISTRICT 10 PURPOSE: GENERAL SUPPORT | $88,600 |
ASSUMPTION GREEK ORTHODOX CHURCH PURPOSE: GENERAL SUPPORT | $6,500 |
ANNUNCIATION GREEK ORTHODOX CHURCH PURPOSE: GENERAL SUPPORT | $30,500 |
FOCUS DETROIT PURPOSE: GENERAL SUPPORT | $2,000 |
GREEK ORTHODOX ARCHIDIOCESE OF AMERICA PURPOSE: GENERAL SUPPORT | $68,100 |