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Ahepapenelope District One Apartments Of Hoover Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 061783644 ✦ Hoover, AL ✦ Designated as a 501(c)(3)

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Overview

What is Ahepapenelope District One Apartments Of Hoover Inc?

Ahepapenelope District One Apartments Of Hoover Inc is a not-for-profit organization established in compliance with Alabama's not-for-profit laws. Their primary mission is to construct, own, and operate an affordable housing apartment community named Ahepa Penelope District One Apartments in Hoover, Alabama. This initiative is carried out under Section 202 of the National Affordable Housing Act. The corporation is sponsored by Ahepa National Housing Corporation.

Is Ahepapenelope District One Apartments Of Hoover Inc legitimate?

Ahepapenelope District One Apartments Of Hoover Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepapenelope District One Apartments Of Hoover 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 District One Apartments Of Hoover Inc?

Ahepapenelope District One Apartments Of Hoover Inc was established with the primary objective of constructing, owning, and operating an affordable housing apartment community. The corporation's mission is centered around providing affordable living spaces, demonstrating their commitment to addressing housing needs within their community. By organizing and managing an apartment community, they aim to contribute positively to the housing market, offering affordable options for those in need. The corporation operates under the National Affordable Housing Act, highlighting their dedication to providing affordable housing solutions.

Who is the CEO of Ahepapenelope District One Apartments Of Hoover Inc?

James Pafudakis is the President of Ahepapenelope District One Apartments Of Hoover Inc.

What is the revenue of Ahepapenelope District One Apartments Of Hoover Inc?

Ahepapenelope District One Apartments Of Hoover Inc's revenue in 2022 was $454,639.

Who are the executives of Ahepapenelope District One Apartments Of Hoover Inc and what are their salaries?

There 11 volunteers at Ahepapenelope District One Apartments Of Hoover Inc.


Here are 11 key members and their salaries:


James Pafudakis (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Boosalis (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tonie Ann Torrans (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Audrey Marianes (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nickolas M Stratas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Nassos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Boosalis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Stamatiades (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Costa Zouboukos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Nickolson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Irene Fotos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Ahepapenelope District One Apartments Of Hoover Inc?

Ahepapenelope District One Apartments Of Hoover Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ahepapenelope District One Apartments Of Hoover Inc

Ahepapenelope District One Apartments Of Hoover Inc was established with a mission to construct, own, and manage an affordable housing apartment community. This not-for-profit organization was formed with the intention of creating a 50-unit complex, known as Ahepapenelope District One Apartments, in compliance with Section 202 of the National Affordable Housing Act. The sponsor of this corporation is Ahepa National Housing Corporation, indicating a commitment to providing affordable housing solutions. The organization's mission is to provide a homespace that meets the needs of individuals seeking affordable housing options, contributing to the community by offering a safe and affordable living environment.

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Impact




October, 2024

Ahepapenelope District One Apartments Of Hoover Inc has a significant impact on the community by providing affordable housing solutions in Hoover, Alabama. Focused on constructing, owning, and operating a 50-unit apartment community, the organization plays a crucial role in addressing the need for accessible living spaces in the area.

The availability of affordable housing alleviates the burden for low- and moderate-income individuals and families, allowing them to secure stable residences without compromising their financial well-being. This initiative not only contributes to individual stability but also fosters a sense of community, promoting social cohesion and inclusivity among residents.

By supporting affordable housing, Ahepapenelope District One Apartments Of Hoover Inc enhances the overall quality of life for its residents, empowering them to invest in their futures and enabling them to thrive within their community. The apartments serve as a vital resource, ensuring that individuals and families have a safe and welcoming place to call home.




This information is meant to be a general summary of Ahepapenelope District One Apartments Of Hoover 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.

Revenue
$454,639 (2022)
Expenses
$611,731 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $12
  • Program Service Revenue: $451,980
  • Gross Receipts: $454,639

Assets and Liabilities:

  • Total Assets: $5,026,971
  • Total Liabilities: $31,620
  • Net Assets: $4,995,351

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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

$278,200

RENTAL INCOME

Revenue

$173,780

Organization Details

Founding Year

2004

Principal Officer

James Pafudakis

Main Address

3008 OAKHILL DRIVE, HOOVER, AL, 35216

NTEE Category

Code: L21 - Housing

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