Overview
What is Ahepa 58 Inc?
Ahepa 58 Inc is a nonprofit organization committed to addressing the housing needs of elderly individuals with low income. Established with a mission to construct, own, and operate an affordable housing apartment community, the organization aims to provide suitable living accommodations for this demographic. This initiative contributes to enhancing the quality of life for the elderly population by offering affordable housing options.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 86%, Three-Star out of Four Star rating.
Ahepa 58 Inc has received an overall score of 86%, primarily reflecting its strong performance in accountability and finance. The organization has achieved a perfect score in several critical areas, including having a fully independent board and maintaining clear oversight through an audit committee. This indicates a commitment to transparency and responsible financial management.
The organization effectively utilizes its funds, with a program expense ratio of 91.66%, demonstrating that a significant majority of its financial resources are directed towards its programs. Additionally, Ahepa 58 Inc has established robust policies regarding conflicts of interest and maintains thorough documentation of board meetings, which further supports its credibility and governance practices.
No significant limitations were noted in the evaluation. The absence of material diversion of assets and an impressive liabilities-to-assets ratio of 33.90% reflects a healthy financial standing. Overall, Ahepa 58 Inc appears to be a well-managed nonprofit, dedicated to its mission while ensuring accountability to its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa 58 Inc legitimate?
Ahepa 58 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 58 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:
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Other Salaries and Wages: $0
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What is the mission statement of Ahepa 58 Inc?
Ahepa 58 Inc was established with the mission to construct, manage, and operate an affordable housing apartment community. Their primary objective is to provide housing for the elderly with low income. The corporation's activities are geared towards ensuring affordable housing is readily available for this particular demographic. By doing so, they aim to contribute positively to the community by providing a much-needed service. While the corporation's focus is on housing, it is essential to note that they prioritize affordability and accessibility for the elderly population in need.
Who is the CEO of Ahepa 58 Inc?
Andreas Kapetanopoulos is the President of Ahepa 58 Inc.
What is the revenue of Ahepa 58 Inc?
Ahepa 58 Inc's revenue in 2022 was $1,115,385.
Who are the executives of Ahepa 58 Inc and what are their salaries?
There 8 volunteers at Ahepa 58 Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Ahepa 58 Inc?
Ahepa 58 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 58 Inc
Ahepa 58 Inc, a nonprofit organization, was established with a mission to construct, manage, and operate an affordable housing apartment community. Its primary objective is to provide housing for elderly individuals with low income, ensuring they have access to a comfortable living space. The corporation's mission is centered around alleviating housing difficulties faced by this demographic, thereby contributing to their overall well-being and quality of life.
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Impact
July, 2024
Ahepa 58 Inc's impact lies in its provision of affordable housing for elderly low-income individuals in Wethersfield, CT. Through its mission to construct, own, and operate an affordable housing apartment community, Ahepa 58 Inc directly addresses the critical need for accessible housing options for this vulnerable demographic. By offering a safe and affordable living space, Ahepa 58 Inc contributes to enhancing the quality of life and well-being of elderly low-income residents in the community.
This information is meant to be a general summary of Ahepa 58 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: $2,712
- Program Service Revenue: $1,110,522
- Gross Receipts: $1,115,385
Assets and Liabilities:
- Total Assets: $9,040,504
- Total Liabilities: $3,002,837
- Net Assets: $6,037,667
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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
$834,109
RENTAL INCOME
Revenue
$276,413
Organization Details
Founding Year
1987
Phone
(860) 956-6474Principal Officer
Andreas Kapetanopoulos
Main Address
1532 BERLIN TPKE, WETHERSFIELD, CT, 06109
NTEE Category
Code: L21Z - Housing
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