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Ahepa 67 Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 223112741 ✦ Webster, NY ✦ Designated as a 501(c)(3)

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Overview

What is Ahepa 67 Inc?

Ahepa 67 Inc is a nonprofit organization dedicated to constructing, owning, and operating an affordable housing apartment community, primarily aimed at providing housing for elderly individuals with low income. The corporation's mission is to address the housing needs of this specific demographic, ensuring they have access to suitable and affordable living spaces.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Two-Star out of Four Stars, Needs Improvement, 73%

Ahepa 67 Inc has received a two-star rating from Charity Navigator, indicating that while the organization has some strengths, there are significant areas for improvement. The charity has demonstrated strong accountability in areas such as board independence and financial health, including a program expense ratio of 82.15%, which means a substantial portion of its funds is directed towards its programs and services.

Despite these strengths, the organization faces notable shortcomings. Key governance policies, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy are all missing, which raises concerns about the organization's transparency and accountability practices. Furthermore, the absence of the tax form on the nonprofit's website could hinder public trust and the ability for potential donors to assess its financial transparency.

Overall, while Ahepa 67 Inc shows a commitment to effective program spending and has a well-functioning board, the lack of essential governance policies suggests a need for improvement in areas critical for building donor confidence and organizational sustainability.


This AI summary has been generated from information found on Charity Navigator.

Is Ahepa 67 Inc legitimate?

Ahepa 67 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 67 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 67 Inc?

Ahepa 67 Inc was established with a mission to construct, own, and manage an affordable housing apartment community. The primary objective of this corporation is to provide low-income housing for the elderly. This initiative aims to cater to the housing needs of the elderly population who may have limited financial resources. By constructing and operating such a community, Ahepa 67 Inc contributes to enhancing affordable housing options for this vulnerable group.

Who is the CEO of Ahepa 67 Inc?

Dennis Kiriazides is the President of Ahepa 67 Inc.

What is the revenue of Ahepa 67 Inc?

Ahepa 67 Inc's revenue in 2022 was $456,989.

Who are the executives of Ahepa 67 Inc and what are their salaries?

There 6 volunteers at Ahepa 67 Inc.


Here are 6 key members and their salaries:


Dennis Kiriadzides (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicholas Mouganis (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Anthony (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicholas Evevsky (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Constantine Stefanou (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Nardone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Ahepa 67 Inc?

Ahepa 67 Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ahepa 67 Inc

Ahepa 67 Inc, a nonprofit organization, was established with the primary mission to construct, own, and manage an affordable housing apartment community. Their objective is to provide comfortable and cost-effective living spaces for the elderly with low income, ensuring they have a suitable home environment. The corporation's goal is to offer elderly low income housing, aiming to contribute positively to the community by providing a much-needed service.

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Impact




July, 2024

Ahepa 67 Inc has a significant impact on the community of Webster, NY by providing affordable housing opportunities for low-income elderly individuals. Through its mission to construct, own, and operate an affordable housing apartment community, Ahepa 67 Inc supports the well-being and quality of life of elderly residents who may otherwise struggle to find suitable housing options. By offering affordable housing solutions, Ahepa 67 Inc contributes to creating a more inclusive and supportive community for its residents.




This information is meant to be a general summary of Ahepa 67 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.

Revenue
$456,989 (2022)
Expenses
$540,002 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $34
  • Program Service Revenue: $454,659
  • Gross Receipts: $456,989

Assets and Liabilities:

  • Total Assets: $1,186,986
  • Total Liabilities: $82,980
  • Net Assets: $1,104,006

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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

$253,232

RENTAL INCOME

Revenue

$201,427

Organization Details

Founding Year

1987

Principal Officer

Dennis Kiriazides

Main Address

100 AHEPA CIRCLE, WEBSTER, NY, 14580

NTEE Category

Code: L22Z - Housing

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