Overview
What is Ahepa 250-Iii Inc?
Ahepa 250-III Inc. is a nonprofit organization with a specific mission to construct, own, and manage an affordable housing apartment community. This community aims to provide homes for low-income elderly individuals, offering them affordable housing options. The organization's primary focus is on this essential social service, striving to make housing more accessible and affordable for this vulnerable population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating. The score reflects Ahepa 250-Iii Inc's strong performance in the Accountability & Finance category, where it received a score of 80. This rating indicates a reliable level of transparency and effective management of financial resources, which is crucial for donor confidence.
One of the key strengths highlighted in the evaluation is the composition of the board, which consists of 100% independent members, suggesting no conflicts of interest in governance. Additionally, the charity has demonstrated prudent financial management, as evidenced by its low liabilities to assets ratio of 4.51% and a high program expense ratio of 86.44%, indicating that a significant portion of its expenses is directed towards its mission-related programs.
While the charity has performed well in accountability and financial oversight, the data does not provide insights on the organization's impact or effectiveness in delivering its services. This limitation suggests that potential donors may want to seek further information regarding the charity's program outcomes and overall mission effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa 250-Iii Inc legitimate?
Ahepa 250-Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 250-Iii 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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What is the mission statement of Ahepa 250-Iii Inc?
Ahepa 250-III Inc., as established, is dedicated to constructing, owning, and managing an affordable housing apartment community. The primary objective of this corporation is to offer affordable housing options, specifically catering to the needs of low-income elderly individuals. In essence, Ahepa 250-III Inc. strives to contribute to the well-being of its community by providing a living space that is both affordable and suitable for the elderly population.
Who is the CEO of Ahepa 250-Iii Inc?
E P Mitchell is the President of Ahepa 250-Iii Inc.
What is the revenue of Ahepa 250-Iii Inc?
Ahepa 250-Iii Inc's revenue in 2022 was $594,071.
Who are the executives of Ahepa 250-Iii Inc and what are their salaries?
There 7 volunteers at Ahepa 250-Iii Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Ahepa 250-Iii Inc?
Ahepa 250-Iii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 250-Iii Inc
Ahepa 250-III Inc was established with a mission to construct, own, and manage an affordable housing apartment community. This nonprofit organization is dedicated to providing low-income elderly housing, aiming to make affordable living options readily available to this particular demographic. By constructing and operating such a community, Ahepa 250-III Inc aims to contribute positively to the housing sector, ensuring that elderly individuals in need have access to suitable housing options.
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Impact
July, 2024
Ahepa 250-III Inc's impact lies in providing affordable housing for low-income elderly individuals in Groton, CT. By constructing, owning, and operating an affordable housing apartment community, this organization plays a crucial role in addressing the housing needs of this underserved population. Through its mission to provide affordable housing for the elderly, Ahepa 250-III Inc contributes to the well-being and quality of life of senior citizens in the community.
This information is meant to be a general summary of Ahepa 250-Iii 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: $14
- Program Service Revenue: $593,453
- Gross Receipts: $594,071
Assets and Liabilities:
- Total Assets: $1,748,121
- Total Liabilities: $68,805
- Net Assets: $1,679,316
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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
$407,739
RENTAL INCOME
Revenue
$185,714
Organization Details
Founding Year
1995
Phone
(860) 449-0283Principal Officer
E P Mitchell
Main Address
251 DROZDYK DRIVE, GROTON, CT, 06340
NTEE Category
Code: L22Z - Housing
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