Apartment association · Tartu linn
Herne tn 38 // 40 apartment association
Tartu linn, Herne tn 38 // 40 korteriühistu (registry code 80276058) manages a 2-storey log building built in 1977 with 10 flats. According to its 2025 annual report, the association's long-term liabilities were €0 and it held €4,581 in cash. The report shows no long-term liabilities.
Board
- APAnnika Pakkboard member8 years 9 months
- ATAsko Tammeboard member8 years 9 months
- JSJüri-Ott Salmboard member2 years 3 months
- KCKertu Chaffraixboard member4 years 3 months
- House conditionweak
- age, energy class and works done
- Loan affordabilitygood
- loan vs the association's annual income
- Cash bufferaverage
- cash per m², 3-year average
- Managementaverage
- reports filed on time
Building
- Built
- 1977
- Storeys
- 2
- Construction
- log
- Flats
- 10
- Lift
- no
- Heating
- stove
The association's buildings (2)
Herne tn 3810 flats, Herne tn 404 flats
Compared with similar buildings: Tartu linn, built 1972–1982, log (71 associations).
Finances by year
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €0 | €5,349 | €4,581 | €5,307 | €0 |
| 2024 | €0 | €1,327 | €2,697 | €4,680 | €0 |
| 2023 | €0 | €6,581 | €8,036 | €6,496 | €3,709 |
| 2022 | €0 | €16,167 | €19,687 | €4,038 | €5,337 |
| 2021 | €0 | €11,575 | €18,152 | €5,307 | €5,378 |
| 2020 | €0 | €7,173 | €16,612 | €5,307 | €4,887 |
| 2019 | €0 | €4,924 | €15,137 | €6,353 | €4,814 |
Of similar buildings (Tartu linn, built 1972–1982, log; 71 associations), 58% have long-term liabilities; this association has none.
Flats in this building
Over the last 12 months 1 flat has been for sale in this building, asking €2,643–€2,643 per m².
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| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| C | Lepiku tn 31977 · 8 flats | €26,524 | €1,055 | 2025 |
| – | Lepiku tn 101977 · 5 flats | no reports | ||
| – | Lepiku tn 81914 · 5 flats | €0 | €710 | 2021 |
| E | Lepiku tn 11914 · 9 flats | €98,047 | €12,410 | 2025 |
| – | Lepiku tn 61977 · 6 flats | no reports | ||
| E | Herne tn 2 // 41977 · 4 flats | €0 | €3,474 | 2024 |
| – | Tähtvere tn 93 flats | no reports | ||
| – | Lepiku tn 1a1977 · 5 flats | €16,976 | €2,241 | 2020 |
Frequently asked questions
Does the association have a loan?
The 2025 report shows no long-term liabilities.
How much cash does the association have?
At the end of 2025 the association held €4,581.
When was the building built?
According to the building register, it was first used in 1977 and has 2 storeys.
Who is on the association's board?
According to the business register, the board members are Annika Pakk, Asko Tamme, Jüri-Ott Salm, Kertu Chaffraix (board since 06.01.2018).
How is the association grade calculated?
The A–E grade is built from public data and compares the association with all apartment associations in Estonia. House condition (40%) takes the building's age into account – a new house needs no renovation – along with the energy certificate and the works on the building that its flats' sale ads describe (sellers' and brokers' unverified claims) – the more works (facade, roof, pipes, heating and so on), the better; in an older building, a loan taken for renovation also counts as investment. Loan affordability (30%) shows how many years of income the long-term liabilities equal – up to three years is entirely normal. Cash buffer (10%) is cash per m² of flat space averaged over the last three year-ends: without a loan a bigger buffer is better; with a loan a moderate one is enough. Management (20%) shows whether the last three years' reports were filed, and on time, with extra points for a professional manager. A loan is not bad in itself: in an older building it usually means the house has been renovated. The grade is updated weekly.
Where does the data come from?
Finances: business register open data (annual-report key figures, 2019–2025). Building: building register. Flats on offer: Leiamaakler.ee data from the property portals.