Overview
What is Ahepadop 54 Inc?
Ahepadop 54 Inc is a nonprofit organization, established with the goal of constructing, owning, and managing an affordable housing apartment community. This community caters to low-income individuals residing in Houston, Texas. The organization's mission is centered around providing affordable housing, which is a crucial need for many people in the city. The corporation's operations focus on ensuring that the apartment community is well-maintained and accessible to those who need it most.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Stars
Ahepadop 54 Inc has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 82%. This rating is based solely on its Accountability & Finance metrics, indicating a strong emphasis on financial transparency and governance practices. The organization excels in maintaining a majority independent board, ensuring that all members are independent, which contributes positively to its score.
The nonprofit demonstrates commendable financial health, with a program expense ratio of 90.49%, signifying that a substantial portion of its funds is allocated directly to its programs. Additionally, there are no reported material diversions of assets, further underscoring the organization's commitment to responsible financial management. The presence of an Audit and Oversight Committee and documented board meeting minutes supports its governance structure.
While the organization shows strong accountability and finance practices, the single beacon scoring approach means that there may be other aspects of organizational performance not fully captured in this rating. Therefore, potential donors and supporters may want to consider looking into other performance areas or recent program outcomes for a more comprehensive understanding of Ahepadop 54 Inc's impact.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepadop 54 Inc legitimate?
Ahepadop 54 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepadop 54 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.
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What is the mission statement of Ahepadop 54 Inc?
Ahepadop 54 Inc was established with the objective of constructing, owning, and managing an affordable housing apartment community. This mission is geared towards providing affordable living solutions for individuals with limited income. The corporation's activities primarily focus on the development and operation of this affordable housing complex. Although the information provided is limited, it is clear that Ahepadop 54 Inc is committed to making affordable housing a reality for those in need.
Who is the CEO of Ahepadop 54 Inc?
Mary Verges is the President of Ahepadop 54 Inc.
What is the revenue of Ahepadop 54 Inc?
Ahepadop 54 Inc's revenue in 2022 was $637,119.
Who are the executives of Ahepadop 54 Inc and what are their salaries?
There 10 volunteers at Ahepadop 54 Inc.
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Where can I find the form 990 for Ahepadop 54 Inc?
Ahepadop 54 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepadop 54 Inc
Ahepadop 54 Inc, a nonprofit organization, was established with the mission of constructing, owning, and operating an affordable housing apartment community. By taking on this endeavor, the corporation aims to provide a much-needed solution for low-income individuals, offering them a place to call home. The organization's commitment to affordable housing in Houston, TX, highlights its dedication to improving the living conditions of those in need.
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Impact
July, 2024
Ahepadop 54 Inc's impact lies in providing crucial housing opportunities for low-income individuals in Houston, TX. By organizing the construction, ownership, and operation of an affordable housing apartment community, Ahepadop 54 Inc addresses the pressing need for accessible housing options in the area. This organization plays a vital role in supporting individuals and families in securing stable and affordable living arrangements, thereby contributing to the wellbeing and stability of the community.
This information is meant to be a general summary of Ahepadop 54 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: $23
- Program Service Revenue: $632,374
- Gross Receipts: $637,119
Assets and Liabilities:
- Total Assets: $4,816,284
- Total Liabilities: $130,740
- Net Assets: $4,685,544
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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
$474,886
RENTAL INCOME
Revenue
$157,488
Organization Details
Founding Year
2006
Phone
(713) 271-2987Principal Officer
Mary Verges
Main Address
8111 CREEKBEND DRIVE, HOUSTON, TX, 77071
NTEE Category
Code: L21 - Housing
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