Nonprofit · EIN 42-1417593
AHEPA-PENELOPE 38 APARTMENTS INC
Tax-exempt · ANKENY, IA 50021
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $535,074 | $491,564 | $43,510 | $1,624,985 | $42,730 | $1,582,255 |
| June 30, 2024 | 990 | $505,503 | $478,668 | $26,835 | $1,586,541 | $47,796 | $1,538,745 |
| June 30, 2023 | 990 | $458,224 | $477,456 | -$19,232 | $1,561,404 | $49,494 | $1,511,910 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $507,916
- Investment income
- $20,478
- Other revenue
- $6,680
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $11,836
- Occupancy
- $46,369
- Travel
- $31
- Depreciation
- $87,504
- Program services (functional)
- $427,315
- Management and general (functional)
- $64,249
Balance sheet and other
- Total assets, start of year
- $1,586,541
- Total assets, end of year
- $1,624,985
- Total liabilities, end of year
- $42,730
- Net assets, end of year
- $1,582,255
- Land, buildings and equipment
- $1,068,351
- Net assets without donor restrictions
- $1,582,255
- Gross receipts
- $535,074
- Employees
- 0
- Volunteers
- 6
- Year formed
- 1995
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTY KARTHAN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| CATHERINE MADCHARO | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| TOULA BALLOU | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
| MARY CHRIST | DIRECTOR Trustee or director, Officer | 1 | $0 |
| JAMES KARTHAN | DIRECTOR Trustee or director | 1 | $0 |
| THEODORE VELMAN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTY KARTHAN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| CATHERINE MADCHARO | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| TOULA BALLOU | SECRETARY Trustee or director, Officer | 1 | $0 |
| MARY CHRIST | TREASURER Trustee or director, Officer | 1 | $0 |
| JIM CHRISTAKOS | DIRECTOR Trustee or director | 1 | $0 |
| ZIFA HACKETT | DIRECTOR Trustee or director | 1 | $0 |
| JAMES KARTHAN | DIRECTOR Trustee or director | 1 | $0 |
| THEODORE VELMAN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTY KARTHAN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| CATHERINE MADCHARO | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| TOULA BALLOU | SECRETARY Trustee or director, Officer | 1 | $0 |
| MARY CHRIST | TREASURER Trustee or director, Officer | 1 | $0 |
| JIM CHRISTAKOS | DIRECTOR Trustee or director | 1 | $0 |
| ZIFA HACKETT | DIRECTOR Trustee or director | 1 | $0 |
| JAMES KARTHAN | DIRECTOR Trustee or director | 1 | $0 |
| THEODORE VELMAN | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 717 NE 5TH STREET, ANKENY, IA 50021-2097
- In care of
- % CHRISTY KARTHAN PRES
- Principal officer (990 for 2024)
- CHRISTY KARTHAN, 717 NE 5TH STREET, ANKENY, IA 50021
- Signed the 990
- CHRISTY KARTHAN, PRESIDENT
- Phone
- (515) 965-5987
- Return prepared by
- CLARK SCHAEFER HACKETT & CO
Mission
THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY.
Program accomplishments
- PROVIDE HOUSING TO LOW INCOME INDIVIDUALS.Expenses $427,315 · revenue $507,916
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1417593
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L99Z)
- Assets (IRS master file)
- $1,624,985
- Income (IRS master file)
- $535,074
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $535,074 | $491,564 | $1,624,985 | XML |
| 990 | June 2024 | $505,503 | $478,668 | $1,586,541 | XML |
| 990 | June 2023 | $458,224 | $477,456 | $1,561,404 | XML |
| 990 | June 2022 | $486,092 | $517,343 | $1,571,158 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1417593).
Questions about AHEPA-PENELOPE 38 APARTMENTS INC
- What is the EIN of AHEPA-PENELOPE 38 APARTMENTS INC?
- The employer identification number (EIN) of AHEPA-PENELOPE 38 APARTMENTS INC is 42-1417593.
- Is AHEPA-PENELOPE 38 APARTMENTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to AHEPA-PENELOPE 38 APARTMENTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AHEPA-PENELOPE 38 APARTMENTS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AHEPA-PENELOPE 38 APARTMENTS INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AHEPA-PENELOPE 38 APARTMENTS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of AHEPA-PENELOPE 38 APARTMENTS INC?
- The 990 for the year ended June 30, 2025 names CHRISTY KARTHAN.
- Who are the officers and directors of AHEPA-PENELOPE 38 APARTMENTS INC?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does AHEPA-PENELOPE 38 APARTMENTS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $535,074, expenses of $491,564 and total assets of $1,624,985 at year end.
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