Overview
What is Ahepa 250-Iv Inc?
Ahepa 250-Iv Inc is a nonprofit organization committed to addressing housing affordability issues. Established with the primary objective of constructing, owning, and operating an affordable housing apartment community in Niantic, Connecticut, the organization provides housing solutions for low-income individuals. This mission aligns with their program, which focuses on making housing accessible and affordable for those who need it most.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Ahepa 250-Iv Inc has received a solid rating of 82%, reflecting its strengths in accountability and finance. The organization demonstrates a high level of transparency, with a fully independent board consisting of nine members and an exemplary record in financial oversight. The charity has shown no material diversion of assets and maintains thorough documentation of board meeting minutes.
The program expense ratio of 89.67% indicates that the majority of the organization's resources are directed toward its mission-related activities, highlighting its commitment to effective service delivery. Additionally, the low liabilities to assets ratio of 1.89% suggests a strong financial health, minimizing risks associated with debt.
While the overall score is strong, it is calculated solely from the accountability and finance beacon, meaning there may be limited insight into other operational aspects or outcomes of the organization's programs. Nonetheless, the robust financial practices and governance structure position Ahepa 250-Iv Inc as a responsible nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa 250-Iv Inc legitimate?
Ahepa 250-Iv Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 250-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 250-Iv Inc?
Ahepa 250-Iv Inc was established with the purpose of constructing, owning, and managing an affordable housing apartment community. The corporation's primary goal is to provide affordable housing options for individuals with lower income levels. By overseeing the construction and operation of such a community, Ahepa 250-Iv Inc aims to contribute to the housing needs of these individuals, thereby promoting affordable living solutions. The organization's mission is centered around the provision of shelter, ensuring that individuals in need have a decent place to live.
Who is the CEO of Ahepa 250-Iv Inc?
E P Mitchell is the President of Ahepa 250-Iv Inc.
What is the revenue of Ahepa 250-Iv Inc?
Ahepa 250-Iv Inc's revenue in 2022 was $516,160.
Who are the executives of Ahepa 250-Iv Inc and what are their salaries?
There 9 volunteers at Ahepa 250-Iv Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Ahepa 250-Iv Inc?
Ahepa 250-Iv Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 250-Iv Inc
Ahepa 250-Iv Inc, a nonprofit organization, was established with the purpose of constructing, owning, and operating an affordable housing apartment community. Their mission is to provide affordable housing solutions for individuals with limited income, thereby contributing to the community's housing needs. By overseeing the construction, ownership, and operation of this affordable housing complex, Ahepa 250-Iv Inc strives to make a positive impact on individuals and families who may otherwise struggle to secure suitable housing.
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Impact
July, 2024
Ahepa 250-Iv Inc's impact lies in providing affordable housing options for low-income individuals in Niantic, CT. By organizing the construction, ownership, and operation of an affordable housing apartment community, they contribute towards addressing the housing needs of the community. Through their program, Ahepa 250-Iv Inc ensures that individuals who may struggle to find suitable housing options have a safe and affordable place to call home. Their dedication to this mission helps in creating a more stable and inclusive community where everyone has access to essential housing facilities.
This information is meant to be a general summary of Ahepa 250-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: $42
- Program Service Revenue: $516,022
- Gross Receipts: $516,160
Assets and Liabilities:
- Total Assets: $4,821,129
- Total Liabilities: $107,649
- Net Assets: $4,713,480
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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
$290,883
RENTAL INCOME
Revenue
$225,139
Organization Details
Founding Year
2006
Phone
(860) 691-2692Principal Officer
E P Mitchell
Main Address
265 ROXBURY ROAD, NIANTIC, CT, 06357
NTEE Category
Code: L22 - Housing
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