Overview
What is Ahepapenelope 120 Inc?
Ahepapenelope 120 Inc is a nonprofit organization with a mission to provide affordable housing for elderly individuals living on a low income. Established with the purpose of constructing, owning, and operating an apartment community, this organization aims to cater specifically to the needs of this demographic. The corporation's ultimate goal is to offer a comfortable living space to the elderly population who may struggle financially.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating.
Ahepapenelope 120 Inc has received a solid score of 86%, reflecting a strong emphasis on accountability and finance. The charity demonstrates a notably independent board, with all eight members being independent, which is indicative of good governance practices. The organization also exhibits effective oversight, with comprehensive audit measures and no reported material diversion of assets.
The charity's financial health is highlighted by a program expense ratio of 89.16%, indicating that a significant portion of its expenditures is directed towards its programs rather than administrative costs. This suggests a commitment to maximizing the impact of its resources on its mission. Additionally, the organization has a clear conflict of interest policy and maintains proper documentation for board meetings, further reinforcing its transparency and accountability.
While the overall rating is commendable, potential donors may want to consider the lack of diverse beacons in the overall score, as it relies solely on financial accountability metrics. However, the strengths noted in governance and financial management position Ahepapenelope 120 Inc as a responsible and effective nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepapenelope 120 Inc legitimate?
Ahepapenelope 120 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepapenelope 120 Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Ahepapenelope 120 Inc?
Ahepapenelope 120 Inc was established with the mission to construct, manage, and operate an affordable housing apartment community. The primary focus of this corporation is to provide housing options for individuals with low income, specifically the elderly population. By constructing and managing such a community, the corporation aims to contribute to the housing needs of this vulnerable group, ensuring they have access to comfortable and affordable living spaces.
Who is the CEO of Ahepapenelope 120 Inc?
Alexis Zarkades is the President of Ahepapenelope 120 Inc.
What is the revenue of Ahepapenelope 120 Inc?
Ahepapenelope 120 Inc's revenue in 2022 was $509,986.
Who are the executives of Ahepapenelope 120 Inc and what are their salaries?
There 7 volunteers at Ahepapenelope 120 Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Ahepapenelope 120 Inc?
Ahepapenelope 120 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepapenelope 120 Inc
Ahepapenelope 120 Inc, a nonprofit organization, was established with a mission to construct, own, and manage an affordable housing apartment community. Its primary purpose is to provide housing for low-income elderly individuals, ensuring they have a comfortable and secure living space. The organization's mission is centered around addressing the housing needs of this demographic, offering them a place to call home.
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Impact
July, 2024
Ahepapenelope 120 Inc's impact lies in its commitment to providing affordable housing options for low-income elderly individuals in Peabody, MA. By constructing, owning, and operating an affordable housing apartment community, the organization significantly contributes to addressing the housing needs of this vulnerable population. Through its mission, Ahepapenelope 120 Inc ensures that elderly individuals with low incomes have access to safe and affordable housing, ultimately improving their quality of life and overall well-being.
This information is meant to be a general summary of Ahepapenelope 120 Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $20
- Program Service Revenue: $509,777
- Gross Receipts: $509,986
Assets and Liabilities:
- Total Assets: $3,287,106
- Total Liabilities: $739,727
- Net Assets: $2,547,379
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE HUD
Revenue
$287,978
RENTAL INCOME
Revenue
$221,799
Organization Details
Founding Year
1998
Phone
(978) 531-5883Principal Officer
Alexis Zarkades
Main Address
98 CENTRAL STREET, PEABODY, MA, 01960
NTEE Category
Code: L22Z - Housing
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