Overview
What is Ahepa 39 Inc?
Ahepa 39 Inc is a nonprofit organization committed to addressing the housing needs of the elderly with limited income. Established with the purpose of constructing, owning, and managing an affordable housing apartment community, this organization aims to provide a suitable living space for this demographic. By doing so, Ahepa 39 Inc strives to contribute positively to the well-being of its elderly residents, ensuring they can maintain a comfortable and safe living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
Ahepa 39 Inc has achieved an 82% rating from Charity Navigator, indicating a strong performance in accountability and finance. This rating is derived solely from their Accountability & Finance score, demonstrating the organization’s commitment to transparency and responsible financial management.
The organization boasts an excellent governance structure, with a fully independent board consisting of eight members. They also demonstrate robust financial oversight, having received full marks for their audit and oversight committee, material diversion of assets, and their documented board meeting minutes. Furthermore, their program expense ratio is impressive at 88.47%, reflecting a significant portion of funds directed towards their programs.
Despite the positive ratings, the data does not provide information on other areas such as outcomes or impact, which could give a more comprehensive view of the organization's effectiveness. Nonetheless, Ahepa 39 Inc's high performance in financial accountability suggests it is a reliable choice for potential donors looking to support a financially sound nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa 39 Inc legitimate?
Ahepa 39 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 39 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 39 Inc?
Ahepa 39 Inc was established with the mission to construct, manage, and operate an affordable housing apartment community. The primary purpose of this corporation is to provide low-income housing, specifically catering to the elderly population. This initiative aims to offer an affordable living solution for a section of society that may otherwise face housing challenges.
Who is the CEO of Ahepa 39 Inc?
James Tzitzon is the President of Ahepa 39 Inc.
What is the revenue of Ahepa 39 Inc?
Ahepa 39 Inc's revenue in 2022 was $481,698.
Who are the executives of Ahepa 39 Inc and what are their salaries?
There 8 volunteers at Ahepa 39 Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Ahepa 39 Inc?
Ahepa 39 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 39 Inc
Ahepa 39 Inc, a corporation, was established with a clear mission. Their primary objective was to construct, own, and manage an affordable housing apartment community. This endeavor was specifically aimed at catering to the needs of the elderly, providing them with a living space that is affordable. By doing so, Ahepa 39 Inc aimed to contribute positively to the community, ensuring that the elderly have access to suitable housing options.
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Impact
July, 2024
Ahepa 39 Inc's impact lies in providing affordable housing for low-income elderly individuals in Haverhill, MA. This organization plays a crucial role in addressing the housing needs of a vulnerable population, ensuring that the elderly have a safe and comfortable place to call home. By constructing, owning, and operating an affordable housing apartment community, Ahepa 39 Inc is making a tangible difference in the lives of those in need, ultimately contributing to the overall well-being and quality of life of the community.
This information is meant to be a general summary of Ahepa 39 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: $477,102
- Gross Receipts: $481,698
Assets and Liabilities:
- Total Assets: $2,308,695
- Total Liabilities: $93,095
- Net Assets: $2,215,600
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$261,850
TENANT ASSISTANCE HUD
Revenue
$215,252
Organization Details
Founding Year
1993
Phone
(978) 469-0276Principal Officer
James Tzitzon
Main Address
40 BUTTONWOOD AVE, HAVERHILL, MA, 01830
NTEE Category
Code: L210 - Housing
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