Overview
What is Ahepa 37 Inc?
Ahepa 37 Inc is a nonprofit organization, established with the primary mission to construct, own, and manage an affordable housing apartment community for low-income elderly individuals. This community aims to provide them with a safe and comfortable living space, alleviating housing concerns for this demographic.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star rating.
Ahepa 37 Inc has received a Two-Star rating, indicating that while it exhibits strengths in areas such as governance and program spending, it has significant weaknesses in financial transparency. The organization has a high program expense ratio of 91.15%, reflecting its commitment to its mission. Additionally, it has a fully independent board with complete documentation of board meeting minutes and a well-structured audit and oversight committee.
However, the charity faces challenges in its financial health, with a liabilities to assets ratio of 177.65%, suggesting potential financial instability. Furthermore, it lacks essential transparency measures, including missing tax forms, a whistleblower policy, and documentation retention and destruction policies. These limitations highlight the need for improvement in financial governance and accountability practices to enhance overall effectiveness and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa 37 Inc legitimate?
Ahepa 37 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 37 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 Ahepa 37 Inc?
Ahepa 37 Inc was established with the mission to construct, own, and manage an affordable housing apartment community. This initiative is primarily aimed at providing housing for elderly individuals with limited income. The corporation's primary objective is to ensure that elderly individuals with financial constraints have access to affordable housing. This affordable housing community is designed to cater to the specific needs of the elderly population, thereby promoting their overall well-being.
Who is the CEO of Ahepa 37 Inc?
George Nardone is the President of Ahepa 37 Inc.
What is the revenue of Ahepa 37 Inc?
Ahepa 37 Inc's revenue in 2022 was $617,041.
Who are the executives of Ahepa 37 Inc and what are their salaries?
There 9 volunteers at Ahepa 37 Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ahepa 37 Inc?
Ahepa 37 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 37 Inc
Ahepa 37 Inc, a nonprofit organization, was established with a singular mission. Its primary objective was to construct, obtain ownership, and manage an affordable housing apartment complex. This endeavor was aimed at catering to the housing needs of low-income elderly individuals, thus providing them with a secure and affordable living space. The organization's mission is a testament to its commitment to addressing the housing challenges faced by elderly individuals with limited financial resources.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Ahepa 37 Inc's impact lies in providing affordable housing options for low-income elderly individuals in Syracuse, NY. By constructing, owning, and operating an affordable housing apartment community, they address a critical need in the community. Their mission to provide housing for low-income elderly individuals contributes towards enhancing the quality of life and ensuring housing security for this vulnerable population. This impact resonates within the local community, making a meaningful difference in the lives of those in need.
This information is meant to be a general summary of Ahepa 37 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: $27
- Program Service Revenue: $603,384
- Gross Receipts: $617,041
Assets and Liabilities:
- Total Assets: $708,538
- Total Liabilities: $1,380,225
- Net Assets: -$671,687
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE HUD
Revenue
$384,098
RENTAL INCOME
Revenue
$219,286
Organization Details
Founding Year
1987
Phone
(315) 475-3818Principal Officer
George Nardone
Main Address
100 AHEPA CIRCLE, SYRACUSE, NY, 13215
NTEE Category
Code: L21 - Housing
If you are a representative of Ahepa 37 Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.