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Ahepa Penelope 38 Apartments Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Housing, Shelter N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$458k (2023)

Expenses
$477k (2023)

Total Assets
$1.56M (2023)

Total Liabilities
$49.5k (2023)

Source: Form 990 tax filings from 2012 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$458,224
Expenses
$477,456
Net Income
-$19,232
Net Assets
$1,511,910
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $448,704
97.9%
Investment Income $2,882
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,638
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,561,404
Total Liabilities $49,494
Net Assets $1,511,910
Compensation
Key Employees and Officers Compensation Related Other
Christy Karthan (President) $0 $0 $0
Catherine Madcharo (Vice President) $0 $0 $0
Toula Ballou (Secretary) $0 $0 $0
Mary Christ (Treasurer) $0 $0 $0
Jim Christakos (Director) $0 $0 $0
Zifa Hackett (Director) $0 $0 $0
James Karthan (Director) $0 $0 $0
Theodore Velman (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$486,092
Expenses
$517,343
Net Income
-$31,251
Net Assets
$1,531,142
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $450,412
92.7%
Investment Income $32
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $35,648
7.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,571,158
Total Liabilities $40,016
Net Assets $1,531,142
Compensation
Key Employees and Officers Compensation Related Other
Christy Karthan (President) $0 $0 $0
Catherine Madcharo (Vice President) $0 $0 $0
Toula Ballou (Secretary) $0 $0 $0
Mary Christ (Treasurer) $0 $0 $0
Jim Christakos (Director) $0 $0 $0
Zifa Hackett (Director) $0 $0 $0
James Karthan (Director) $0 $0 $0
Theodore Velman (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$456,921
Expenses
$438,168
Net Income
$18,753
Net Assets
$1,562,393
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $451,084
98.7%
Investment Income $93
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,744
1.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,614,113
Total Liabilities $51,720
Net Assets $1,562,393
Compensation
Key Employees and Officers Compensation Related Other
Christy Karthan (President) $0 $0 $0
Catherine Madcharo (Vice President) $0 $0 $0
Toula Ballou (Secretary) $0 $0 $0
Mary Christ (Treasurer) $0 $0 $0
Ethel Phillips Roth (Director) $0 $0 $0
Leon Spanos (Director) $0 $0 $0
Zifa Hackett (Director) $0 $0 $0
James Karthan (Director) $0 $0 $0
Theodore Velman (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$458,267
Expenses
$442,660
Net Income
$15,607
Net Assets
$1,543,639
Notable Sources of Revenue Percent of Total Revenue
Contributions $222,033
48.5%
Program Services $221,178
48.3%
Investment Income $2,443
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $12,613
2.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,578,086
Total Liabilities $34,447
Net Assets $1,543,639
Compensation
Key Employees and Officers Compensation Related Other
Christy Karthan (President) $0 $0 $0
Catherine Madcharo (Vice President) $0 $0 $0
Toula Ballou (Secretary) $0 $0 $0
Mary Christ (Treasurer) $0 $0 $0
Ethel Phillips Roth (Former Director) $0 $0 $0
Leon Spanos (Director) $0 $0 $0
Zifa Hackett (Director) $0 $0 $0
James L Karthan (Director) $0 $0 $0
Theodore Velman (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$431,582
Expenses
$410,536
Net Income
$21,046
Net Assets
$1,528,032
Notable Sources of Revenue Percent of Total Revenue
Contributions $221,814
51.4%
Program Services $200,083
46.4%
Investment Income $1,180
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $8,505
2.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,592,212
Total Liabilities $64,180
Net Assets $1,528,032
Compensation
Key Employees and Officers Compensation Related Other
Christy Karthan (President) $0 $0 $0
Catherine Madcharo (Vice President) $0 $0 $0
Toula Ballou (Secretary) $0 $0 $0
Mary Christ (Treasurer) $0 $0 $0
Ethel Phillips Roth (Director) $0 $0 $0
Leon Spanos (Director) $0 $0 $0
Zifa Hackett (Director) $0 $0 $0
James L Karthan (Director) $0 $0 $0
Theodore Velman (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$417,065
Expenses
$403,877
Net Income
$13,188
Net Assets
$1,506,986
Notable Sources of Revenue Percent of Total Revenue
Contributions $202,488
48.6%
Program Services $208,464
50.0%
Investment Income $111
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,002
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,577,010
Total Liabilities $70,024
Net Assets $1,506,986
Compensation
Key Employees and Officers Compensation Related Other
Christy Karthan (President) $0 $0 $0
Toula Ballou (Secretary/Treasurer) $0 $0 $0
Mary Christ (Director) $0 $0 $0
Ethel Phillips Roth (Director) $0 $0 $0
Leon Spanos (Director) $0 $0 $0
Zifa Hackett (Director) $0 $0 $0
James L Karthan (Director) $0 $0 $0
Catherine Madcharo (Vice President) $0 $0 $0
Theodore Velman (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$371,216
Expenses
$408,059
Net Income
-$36,843
Net Assets
$1,493,798
Notable Sources of Revenue Percent of Total Revenue
Contributions $153,895
41.5%
Program Services $210,315
56.7%
Investment Income $134
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,872
1.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,590,632
Total Liabilities $96,834
Net Assets $1,493,798
Compensation
Key Employees and Officers Compensation Related Other
Christy Karthan (President) $0 $0 $0
Kathy P Zazas (Vice President) $0 $0 $0
Toula Ballou (Secretary/Treasurer) $0 $0 $0
Mary Christ (Director) $0 $0 $0
Ethel Phillips Roth (Director) $0 $0 $0
Leon Spanos (Director) $0 $0 $0
Zifa Hackett (Director) $0 $0 $0
James L Karthan (Director) $0 $0 $0
Catherine Madcharo (Director) $0 $0 $0
Theodore Velman (Director) $0 $0 $0
George Christ (Former Director) $0 $0 $0
Sophie A Vlassis (Former Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$358,491
Expenses
$430,865
Net Income
-$72,374
Net Assets
$1,530,641
Notable Sources of Revenue Percent of Total Revenue
Contributions $141,034
39.3%
Program Services $210,089
58.6%
Investment Income $130
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $7,238
2.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,657,131
Total Liabilities $126,490
Net Assets $1,530,641
Compensation
Key Employees and Officers Compensation Related Other
Christy Karthan (President) $0 $0 $0
Kathy P Zazas (Vice President) $0 $0 $0
Toula Ballou (Secretary/Treasurer) $0 $0 $0
Mary Christ (Director) $0 $0 $0
Ethel Phillips Roth (Director) $0 $0 $0
Sophie A Vlassis (Director) $0 $0 $0
Leon Spanos (Director) $0 $0 $0
Zifa Hackett (Director) $0 $0 $0
James L Karthan (Director) $0 $0 $0
George Christ (Director) $0 $0 $0
Yon Ae Spanos (Former Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$304,951
Expenses
$393,624
Net Income
-$88,673
Net Assets
$1,603,015
Notable Sources of Revenue Percent of Total Revenue
Contributions $95,354
31.3%
Program Services $203,313
66.7%
Investment Income $154
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,130
2.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,716,410
Total Liabilities $113,395
Net Assets $1,603,015
Compensation
Key Employees and Officers Compensation Related Other
Christy Karthan (President) $0 $0 $0
Kathy P Zazas (Vice President) $0 $0 $0
Toula Ballou (Secretary/Treasurer) $0 $0 $0
Mary Christ (Director) $0 $0 $0
Ethel Phillips Roth (Director) $0 $0 $0
Yon Ae Spanos (Director) $0 $0 $0
Sophie A Vlassis (Director) $0 $0 $0
Harry J Zubulake (Director) $0 $0 $0
Leon Spanos (Director) $0 $0 $0
Zifa Hackett (Director) $0 $0 $0
James L Karthan (Director) $0 $0 $0
George Christ (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$303,121
Expenses
$371,493
Net Income
-$68,372
Net Assets
$1,691,688
Notable Sources of Revenue Percent of Total Revenue
Contributions $97,919
32.3%
Program Services $197,651
65.2%
Investment Income $289
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $7,262
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,778,065
Total Liabilities $86,377
Net Assets $1,691,688
Compensation
Key Employees and Officers Compensation Related Other
Christy Karthan (President) $0 $0 $0
Kathy P Zazas (Vice President) $0 $0 $0
Toula Ballou (Secretary/Treasurer) $0 $0 $0
Mary Christ (Director) $0 $0 $0
Ethel Phillips Roth (Director) $0 $0 $0
Yon Ae Spanos (Director) $0 $0 $0
Sophie A Vlassis (Director) $0 $0 $0
Harry J Zubulake (Director) $0 $0 $0
Leon Spanos (Director) $0 $0 $0
Zifa Hackett (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$293,044
Expenses
$344,661
Net Income
-$51,617
Net Assets
$1,760,060
Notable Sources of Revenue Percent of Total Revenue
Contributions $89,889
30.7%
Program Services $196,835
67.2%
Investment Income $296
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,024
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,828,519
Total Liabilities $68,459
Net Assets $1,760,060

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$283,071
Expenses
$327,363
Net Income
-$44,292
Net Assets
$1,811,677
Notable Sources of Revenue Percent of Total Revenue
Contributions $91,726
32.4%
Program Services $187,330
66.2%
Investment Income $347
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,668
1.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,861,435
Total Liabilities $49,758
Net Assets $1,811,677

Document Links

Fiscal Year Ending June
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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