Overview
What is Ahepa 250 Inc?
Ahepa 250 Inc is a nonprofit organization established with the purpose of constructing, owning, and operating an affordable housing apartment community. This community aims to provide low-income housing specifically for the elderly. By doing so, the organization helps address the housing needs of an often underserved population, ensuring they can maintain a decent living standard.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 67%). Ahepa 250 Inc has been assessed with a score indicating that improvements are necessary for better performance in certain areas. While the organization has demonstrated solid accountability measures, including a fully independent board and strong program expense ratio, it has several critical gaps, particularly in financial oversight and transparency.
One of the strengths of Ahepa 250 Inc is its strong independent governance, with 100% of board members being independent. The organization also has a high program expense ratio, indicating that a significant majority of its funds are directed toward its programs rather than administrative costs. These factors contribute positively to its overall accountability and financial health.
However, notable limitations are present in the nonprofit's financial policies, as it lacks essential documents such as a conflict of interest policy, whistleblower policy, and tax form on its website. Additionally, the organization's liabilities significantly exceed its assets. These issues highlight the need for improvement in transparency and financial management to enhance trust among stakeholders and to achieve a better rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa 250 Inc legitimate?
Ahepa 250 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 250 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Ahepa 250 Inc?
Ahepa 250 Inc was established with the objective of constructing, owning, and managing an affordable housing apartment community. Their primary mission is to offer low-income housing for the elderly population. This organization is committed to providing a living space that is affordable and suitable for the elderly, aiming to enhance their quality of life.
Who is the CEO of Ahepa 250 Inc?
E P Mitchell is the President of Ahepa 250 Inc.
What is the revenue of Ahepa 250 Inc?
Ahepa 250 Inc's revenue in 2022 was $664,120.
Who are the executives of Ahepa 250 Inc and what are their salaries?
There 7 volunteers at Ahepa 250 Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Ahepa 250 Inc?
Ahepa 250 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 250 Inc
Ahepa 250 Inc, a nonprofit corporation, was established with a mission to construct, own, and manage an affordable housing apartment community. This mission is centered around providing low-income housing for the elderly, specifically focusing on meeting their housing needs. By executing this mission, Ahepa 250 Inc aims to contribute to the well-being and stability of the elderly population, ensuring they have a suitable living environment.
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Impact
July, 2024
Ahepa 250 Inc's impact lies in providing much-needed affordable housing for the elderly in Niantic, CT. By constructing, owning, and operating an affordable housing apartment community, this organization directly addresses the housing needs of low-income elderly individuals. Through their mission, Ahepa 250 Inc contributes to enhancing the quality of life for the elderly population in the community by providing a safe and affordable housing option. Their focus on housing underscores their commitment to serving a vulnerable demographic and making a tangible difference in the lives of those in need.
This information is meant to be a general summary of Ahepa 250 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: $662,828
- Gross Receipts: $664,120
Assets and Liabilities:
- Total Assets: $1,639,228
- Total Liabilities: $2,487,290
- Net Assets: -$848,062
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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
$429,037
RENTAL INCOME
Revenue
$233,791
Organization Details
Founding Year
1987
Phone
(860) 691-1129Principal Officer
E P Mitchell
Main Address
100 AHEPA WAY US 156 ROXBURY RD, NIANTIC, CT, 06357
NTEE Category
Code: L21Z - Housing
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