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Ahepa 78 Phase V Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 731694582 ✦ Merrillville, IN ✦ Designated as a 501(c)(3)

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Overview

What is Ahepa 78 Phase V Inc?

Ahepa 78 Phase V Inc is a nonprofit organization established in compliance with Indiana's not-for-profit regulations. Their primary objective is to construct, manage, and operate a 50-unit affordable housing complex named Ahepa 78 V Apartments in Merrillville, Indiana. This project falls under Section 202 of the National Affordable Housing Act, aiming to provide affordable housing options for its residents. The sponsor of this initiative is Ahepa National Housing Corporation.

Is Ahepa 78 Phase V Inc legitimate?

Ahepa 78 Phase V Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 78 Phase V Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Ahepa 78 Phase V Inc?

Ahepa 78 Phase V Inc, a not-for-profit corporation, was established with the objective of constructing, owning, and operating an affordable housing apartment community. The corporation's primary focus is on providing affordable housing options, as outlined in Section 202 of the National Affordable Housing Act, amended. The sponsor of this corporation is Ahepa National Housing Corporation.

Who is the CEO of Ahepa 78 Phase V Inc?

Leon Stath is the President of Ahepa 78 Phase V Inc.

What is the revenue of Ahepa 78 Phase V Inc?

Ahepa 78 Phase V Inc's revenue in 2022 was $403,900.

Who are the executives of Ahepa 78 Phase V Inc and what are their salaries?

There 11 volunteers at Ahepa 78 Phase V Inc.


Here are 11 key members and their salaries:


Louis Bravos (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicholas Gianikos (Vice President/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Coil Jr (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dominic Perez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angelika Magrames (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Domoras (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Farver (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leon Stath (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Murdakes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Strogouiludis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nikolaos F Fitousis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Ahepa 78 Phase V Inc?

Ahepa 78 Phase V Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ahepa 78 Phase V Inc

Ahepa 78 Phase V Inc, a not-for-profit corporation, was established with a specific mission. This organization was organized to take on the task of constructing, owning, and operating an affordable housing apartment community. By doing so, it aims to contribute to the provision of affordable housing options for individuals in need. The corporation's efforts are in line with Section 202 of the National Affordable Housing Act, ensuring that their project adheres to the necessary regulations and standards. The sponsor of this initiative is Ahepa National Housing Corporation, demonstrating a committed partnership in the pursuit of affordable housing.

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Impact




October, 2024

Ahepa 78 Phase V Inc significantly impacts the community by addressing the urgent need for affordable housing in Merrillville, Indiana. The organization focuses on developing and operating a 50-unit apartment complex, Ahepa 78 V apartments, which provides essential housing options for low-income families and individuals. This initiative not only promotes access to safe and affordable living spaces but also contributes to the overall economic stability of the area by enhancing community resources and fostering social well-being. By adhering to the frameworks set forth in the national affordable housing act, the organization plays a critical role in improving living conditions and supporting vulnerable populations in the region. The presence of Ahepa 78 V also encourages a diverse and inclusive community, creating a welcoming environment for residents.




This information is meant to be a general summary of Ahepa 78 Phase V Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$403,900 (2022)
Expenses
$559,478 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $219
  • Program Service Revenue: $399,798
  • Gross Receipts: $403,900

Assets and Liabilities:

  • Total Assets: $2,716,631
  • Total Liabilities: $88,404
  • Net Assets: $2,628,227

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TENANT ASSISTANCE HUD

Revenue

$227,925

RENTAL INCOME

Revenue

$171,873

Organization Details

Founding Year

2003

Principal Officer

Leon Stath

Main Address

1852 WEST 79TH PLACE, MERRILLVILLE, IN, 46410

NTEE Category

Code: L22 - Housing

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