AHEPA DOP 54 INC
To develop, own and operate affordable housing for low-income and senior residents in Houston, Texas, preserving long-term affordable units through HUD-subsidized programs and partnerships with the AHEPA family.
About AHEPA DOP 54 INC
AHEPA DOP 54 Inc is a Texas nonprofit public charity (organized for affordable housing) that develops, owns and operates HUD-subsidized affordable senior and low-income housing in Houston. The organization is a subordinate/affiliate within the broader AHEPA family and local Achaia Chapter No. 54 and is identified on public IRS Form 990 filings under EIN 20-4874218.
Founded as a housing corporation in the 2000s, the organization operates purpose-built affordable properties on Creekbend Drive in Houston (Penelope/ AHEPA properties) and participates in HUD programs that serve very low- and low-income seniors and individuals. In its most recent publicly filed fiscal year (year ending June 2024) AHEPA DOP 54 reported program-service revenue as its primary activity and held multi-million-dollar total assets, reflecting ownership and ongoing management of subsidized housing properties.
The organization works through partnerships with AHEPA National Housing Corporation, local AHEPA/Daughters of Penelope chapters, and HUD funding/program contracts to preserve and operate assisted housing units that prioritize residents age 62+ and other eligible low-income households.
Notable achievements
Operates HUD‑subsidized senior housing
AHEPA DOP 54 developed and operates the AHEPA/DOP 54 senior housing property on Creekbend Drive (Penelope 54 I), a purpose-built affordable housing community serving very low- and low-income seniors.
Opened Penelope 54‑II (45 units)
In December 2014 the AHEPA family and sponsors celebrated the opening of Penelope 54‑II (8113 Creekbend Drive), a 45‑unit affordable seniors building created with AHEPA National Housing Corporation sponsorship and HUD program support.
Sustained organizational scale (FY2024)
In the fiscal year ending June 2024 the organization reported program-service activity as its principal work and maintained total assets on the order of multiple millions of dollars, reflecting continued operation and stewardship of subsidized housing stock.
At a glance
- Total assets
- $4.5M
- Annual revenue
- $575K
- Tax status
- 501(c)(3)Public charity
- EIN
- 20-4874218
- Location
- Houston, TX
- On Mahalo since
- May 2026
Financial figures from the IRS Business Master File, the IRS’s registry of tax-exempt organizations.
Recognition
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