AHEPA Senior Living

What AHEPA Senior Living does

AHEPA Senior Living is a 501(c)(3) nonprofit organization headquartered in Fishers, Indiana, that develops, sponsors, and manages affordable senior housing and assisted living communities across the United States. The organization traces to the 1980 founding of AHEPA National Housing Corporation by volunteers from the Order of AHEPA family; it rebranded to AHEPA Senior Living in 2011 after merging with its property management subsidiary, AHEPA Affordable Management Company. AHEPA Senior Living today operates 89 to 93 HUD-subsidized Section 202 communities across 19 states, serving approximately 5,000 income-qualified older adults (average monthly income of $1,250), plus four Hellenic Senior Living assisted living communities in Indiana under a Medicaid Waiver-supported Affordable Assisted Living Facility model.

The revenue stack is composed of HUD Section 202 project-based subsidies, Low-Income Housing Tax Credit (LIHTC) financing flows, resident rent calculated at 30% of adjusted gross monthly income, Medicaid Waiver program revenue from the assisted living portfolio, and philanthropic contributions totaling more than $10 million since 1996 through the AHEPA Giving Back grants program. Residents are acquired through an online pre-application and waitlist system across the 19-state footprint, with on-site Service Coordinators deployed at 99% of communities (exceeding federal requirements) and coordinating over $1.58 million in resident support in 2025 alone, including nutrition, energy assistance, and healthcare navigation.

The underlying technology stack centers on HUD-compliant property management, tax credit compliance, and a Service Coordinator documentation/QA platform built in partnership with Pangea Foundation, with training delivered through the in-house ASL Training Center. The organization is governed by a volunteer Board of Directors drawn from the AHEPA chapter structure, has no outside institutional investors, and is currently navigating a leadership transition following the February 2026 passing of President & CEO Steve Beck.

Name

AHEPA Senior Living

Legal name

AHEPA Senior Living Inc.

Website

https://ahepaseniorliving.org

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

251–500 employees

Short description

AHEPA Senior Living is a 501(c)(3) nonprofit that develops, sponsors, and manages affordable HUD Section 202 senior housing and Hellenic Senior Living assisted living across 19 states, serving approximately 5,000 income-qualified older adults with on-site service coordination.

Ownership category

akta.pro rank

Product category

Affordable Senior Housing

NAICS

Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (6233), Assisted Living Facilities for the Elderly (623312), Services for the Elderly and Persons with Disabilities (624120), Services for the Elderly and Persons with Disabilities (62412)

SIC

Services-Social Services (8300), Services-Nursing & Personal Care Facilities (8050)

akta.pro primary industry

Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB)

akta.pro secondary industries

Active Adult (55+) Independent Living Communities (HLADAAAD), Elder Services & Aging Support (BPAGAEAF), Senior Living Property Management (BPAJAGAI), Housing & Placement Coordination (Assisted Living, Memory Care, SNF) (HSABAIAL)

Keywords

• Affordable senior housing
• Assisted living services
• HUD Section 202 housing
• Senior property management
• Low-income housing tax credits

Headquarters

HQ city

Fishers

HQ country

United States

HQ region

North America

Offices56 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Others

Revenue model

1. HUD Section 202 Subsidies: Federal housing subsidies through the HUD Section 202 Supportive Housing for the Elderly program. Rent is based on 30 percent of resident's adjusted gross monthly income.
2. Medicaid Waiver Program Revenue: Revenue from Affordable Assisted Living Facilities (AALFs) that partner with states through Medicaid Waiver Programs for residents requiring assistance with daily living activities.
3. Low-Income Housing Tax Credits (LIHTC): Development finance through LIHTC program. AHEPA Senior Living navigates LIHTC complexities providing guidance, sponsorship, and development services from pre-LOI stages through closing.
4. Rental Income: Rental income from residents in independent and assisted living communities, with rent structured based on income qualifications.
5. Grants and Donations: Philanthropic contributions through the AHEPA Giving Back grants program. Over $10 million reinvested in resident programs and community needs since 1996. Includes donations for specific purposes like cooling systems and community gardens.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

AHEPA Senior Living is a 501(c)(3) nonprofit developer, sponsor, and operator of affordable senior housing. It owns and manages approximately 89-93 subsidized independent living and assisted living communities across 19 states, serving nearly 5,000 low-income older adults through the HUD Section 202 Supportive Housing for the Elderly program and Medicaid Waiver-funded Affordable Assisted Living Facilities. The organization's core deliverables are income-based housing, on-site service coordination, and assisted living care.

Product overview

AHEPA Senior Living operates a dual-brand portfolio of affordable senior housing and assisted living services. The core offerings include HUD Section 202 subsidized independent living apartments under the AHEPA Senior Living brand (approximately 89-93 communities across 19 states) and four affordable assisted living communities branded as Hellenic Senior Living in Indiana. The Hellenic Senior Living sub-brand provides 24/7 personal care, medication management, and supportive services for seniors requiring daily living assistance. Supporting the residential portfolio are service coordination, quality assurance, property management, employee training, and community development services. The organization also operates a grants program, a podcast series, and a KultureCity sensory-inclusive certification initiative. All services are supported by HUD funding, Low-Income Housing Tax Credits, and state Housing Finance Agencies.

Differentiator

Problem solved

Functional benefit

Products and services

• HUD Section 202 Senior Apartments (Independent Living) Affordable independent living apartment communities for adults 62 and older who meet federal income qualifications, subsidized by HUD Section 202 Supportive Housing for the Elderly program with rent capped at 30 percent of adjusted gross monthly income. Approximately 89-93 communities across 19 states serving nearly 5,000 residents.
• Hellenic Senior Living (Assisted Living) Affordable assisted living lifestyle communities providing 24/7 personal care by certified nursing staff, medication administration, meals, housekeeping, laundry, and supportive services for income-qualified seniors 62 and older. Four communities in Indiana (Indianapolis, New Albany, Elkhart, Mishawaka) operating as Affordable Assisted Living Facilities (AALFs) through Medicaid Waiver Programs.
• Property Management Services (ASL Management) On-site property management, maintenance, and support services for HUD-subsidized Section 202 senior apartments and tax credit assisted living communities, currently supporting 91+ affordable senior living communities in 19 states through the AMC subsidiary.
• Quality Assurance for Service Coordination Expert quality assurance reviews, consultation, and online training program for service coordinators throughout the United States within HUD guidelines. Provides comprehensive QA reviews, individualized onboarding, one-on-one training, and virtual live training opportunities, serving approximately 130 service coordinators.
• Training Department Services Customized multi-platform training program for employees covering program compliance, including ASL Training Center Courses, Property Management Resource Guide, conferences, online live trainings, and quarterly training for new property managers.
• Community Development Services

Quantifiable outcome

• 99% of AHEPA Senior Living communities have a dedicated Service Coordinator - exceeding federal requirements
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• KultureCitycoreStrategic or Co-development Partner · 1 June 2026First-of-its-kind partnership to bring sensory-inclusive certification to AHEPA Senior Living's portfolio of 93 affordable independent and assisted living communities across 19 states. Phased rollout includes staff training, sensory resources, and supportive tools for individuals with sensory sensitivities including older adults with autism, dementia, and PTSD.
• American Association of Service CoordinatorscoreStrategic or Co-development PartnerAASC provides AHEPA Senior Living's Service Coordinators with national training, certification, and professional standards ensuring consistently high-quality care navigation and resource connection.
• Pangea FoundationcoreTechnology or IntegrationPangea Foundation supports the documentation and service tracking platform used by Service Coordinators, enabling accurate reporting on resident needs, interventions, and outcomes.
• LeadingAgecoreStrategic or Co-development PartnerAs a member of LeadingAge, the national association of nonprofit aging services providers, AHEPA Senior Living stays connected to best practices, policy advocacy, and peer leadership in affordable senior housing and long-term care.
• Well CareminorStrategic or Co-development PartnerWellCare partners with AHEPA Senior Living communities to connect residents with Medicare Advantage health plan resources, preventive care support, and care coordination services.
• Oak Street HealthminorStrategic or Co-development PartnerOak Street Health provides accessible primary care and preventive health services tailored to Medicare patients. Their presence in AHEPA communities helps residents maintain regular health care relationships.
• Sage HealthminorStrategic or Co-development PartnerSage Health brings value-based primary care directly into affordable senior housing communities, specifically designed for low-income older adults with complex health and social needs.
• PACE (Program of All-Inclusive Care for the Elderly)minorStrategic or Co-development PartnerSeveral AHEPA Senior Living communities partner with local PACE programs to support residents who need comprehensive medical and social services to remain safely in the community.
• Meals on Wheels AmericacoreStrategic or Co-development PartnerMeals on Wheels partnerships at AHEPA Senior Living communities help ensure residents facing food insecurity have reliable access to nutritious meals.
• SHIP (State Health Insurance Assistance Program)minorStrategic or Co-development PartnerSHIP counselors assist AHEPA residents in understanding and accessing Medicare benefits, supplemental coverage, and prescription drug programs.
• U.S. Department of Housing and Urban Development (HUD)coreStrategic or Co-development PartnerAHEPA Senior Living is a longstanding partner of HUD, operating Section 202 Supportive Housing for the Elderly communities since 1980. This 40+ year federal partnership is among the strongest credibility signals in affordable senior housing.

Scale indicators17 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key highlights8 records

Customer concentration

• YouTubeyoutube.com/@ahepaseniorliving
• Facebookfacebook.com/ahepaseniorliving
• LinkedInlinkedin.com/company/ahepa-seniorliving-company
• Xx.com/AhepaSL

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AHEPA Senior Living