Overview
What is Ahepa 29 Phase Iv Inc?
Ahepa 29 Phase Iv Inc is a nonprofit organization, established in accordance with Texas's not-for-profit laws. Its primary purpose is to oversee the construction, ownership, and operation of an affordable housing community in Houston, Texas, known as Ahepa 29 Iv apartments. This initiative aligns with Section 202 of the National Affordable Housing Act. The nonprofit is sponsored by Ahepa National Housing Corporation, demonstrating a commitment to providing affordable housing options in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating 90%
Ahepa 29 Phase Iv Inc holds a strong Four-Star out of Four Star rating from Charity Navigator, indicative of its high standards in accountability and finance. The organization received an impressive score of 90% in these areas, reflecting its commitment to transparency and responsible financial management. The rating is based entirely on its accountability and finance score, with no significant concerns raised.
One of the notable strengths of Ahepa 29 Phase Iv Inc is its fully independent board, comprising 12 members, which reinforces its governance structure. The organization also excels in financial oversight, with an audit and oversight committee that received full marks. The absence of material diversion of assets and the presence of essential policies—such as conflict of interest and whistleblower policies—further highlight its ethical operations.
Although the rating does not address programmatic effectiveness or the impact of its services directly, the high program expense ratio of over 94% suggests that a significant portion of expenditures is directed towards its programs. This efficiency, combined with robust governance practices, positions Ahepa 29 Phase Iv Inc as a trustworthy organization in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa 29 Phase Iv Inc legitimate?
Ahepa 29 Phase Iv Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 29 Phase Iv 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 29 Phase Iv Inc?
Ahepa 29 Phase Iv Inc was established with the primary objective of constructing, owning, and operating an affordable housing apartment community. The corporation was organized under the not-for-profit statutes of Texas and is sponsored by Ahepa National Housing Corporation. The mission of Ahepa 29 Phase Iv Inc is to provide affordable housing solutions by managing and operating an 84-unit apartment community, adhering to Section 202 of the National Affordable Housing Act. The corporation's goal is to contribute to the housing needs of individuals by providing them with affordable living spaces.
Who is the CEO of Ahepa 29 Phase Iv Inc?
Konstantine D Angelo is the President of Ahepa 29 Phase Iv Inc.
What is the revenue of Ahepa 29 Phase Iv Inc?
Ahepa 29 Phase Iv Inc's revenue in 2022 was $817,330.
Who are the executives of Ahepa 29 Phase Iv Inc and what are their salaries?
There 12 volunteers at Ahepa 29 Phase Iv Inc.
Here are 12 key members and their salaries:
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Where can I find the form 990 for Ahepa 29 Phase Iv Inc?
Ahepa 29 Phase Iv Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 29 Phase Iv Inc
Ahepa 29 Phase Iv Inc, as a not-for-profit organization, was established with a mission to construct, own, and operate an affordable housing apartment community. The corporation's primary objective was to provide a comfortable living space for individuals in need, adhering to the guidelines set by Section 202 of the National Affordable Housing Act, which it followed meticulously. Ahepa 29 Phase Iv Inc was sponsored by Ahepa National Housing Corporation, demonstrating its commitment to affordable housing and community development. The corporation's mission was to contribute positively to society by providing affordable living spaces, thereby addressing the housing needs of a significant portion of the population.
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Impact
August, 2024
Ahepa 29 Phase IV Inc's impact can be seen through the provision of affordable housing to individuals in the Houston, Texas area. By owning and operating an 84-unit apartment community known as Ahepa 29 IV Apartments, the organization has addressed the critical need for affordable housing in the region. This initiative contributes to creating a stable and secure living environment for residents who may have faced challenges in accessing affordable housing options. Furthermore, by operating in accordance with the national affordable housing act, Ahepa 29 Phase IV Inc is actively working towards promoting accessibility to safe and affordable housing for those in need.
This information is meant to be a general summary of Ahepa 29 Phase Iv 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: $37
- Program Service Revenue: $814,087
- Gross Receipts: $817,330
Assets and Liabilities:
- Total Assets: $4,503,399
- Total Liabilities: $176,791
- Net Assets: $4,326,608
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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
$616,558
RENTAL INCOME
Revenue
$197,529
Organization Details
Founding Year
2004
Phone
(713) 771-2875Principal Officer
Konstantine D Angelo
Main Address
13830 CANYON HILL, HOUSTON, TX, 77083
NTEE Category
Code: L20 - Housing
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