Overview
What is Ahepa 250-Ii Inc?
Ahepa 250-Ii Inc is a nonprofit organization dedicated to addressing the housing needs of low-income individuals in Waterford, Connecticut. By constructing, owning, and operating an affordable housing apartment community, they aim to provide a stable living environment for those in need. Their mission centers around ensuring that affordable housing is accessible, contributing positively to the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
Ahepa 250-Ii Inc has received a solid rating of 80%, indicating a strong level of accountability and financial health. The rating is derived entirely from its Accountability & Finance score, showcasing the organization’s commitment to transparency and responsible financial practices. A significant highlight is that the organization has 100% independent board members, which enhances governance and oversight.
Financially, Ahepa 250-Ii Inc demonstrates impressive metrics with a low liabilities to assets ratio of 4.09%, indicating strong asset management. Additionally, the program expense ratio stands at 87.86%, suggesting that a substantial portion of its resources is allocated directly to its mission-related activities, which is a positive sign for donors.
While the overall score is strong, it is primarily based on financial metrics, and there may be other factors such as program effectiveness that could be explored for a more comprehensive evaluation. Nonetheless, the charity appears to be well-managed and dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa 250-Ii Inc legitimate?
Ahepa 250-Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 250-Ii 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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Other Salaries and Wages: $0
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What is the mission statement of Ahepa 250-Ii Inc?
Ahepa 250-Ii Inc was established with the objective of constructing, owning, and operating an affordable housing apartment community. The corporation's primary mission is centered around providing affordable living spaces for individuals with limited income. Located in an unspecified location, their activities are geared towards addressing the housing needs of this particular demographic. The organization's focus is on Waterford, CT, further underscoring their commitment to making housing accessible to those who need it most.
Who is the CEO of Ahepa 250-Ii Inc?
E P Mitchell is the President of Ahepa 250-Ii Inc.
What is the revenue of Ahepa 250-Ii Inc?
Ahepa 250-Ii Inc's revenue in 2022 was $624,287.
Who are the executives of Ahepa 250-Ii Inc and what are their salaries?
There 7 volunteers at Ahepa 250-Ii Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Ahepa 250-Ii Inc?
Ahepa 250-Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 250-Ii Inc
Ahepa 250-II Inc, a nonprofit organization, was established with the primary mission to construct, acquire, and manage an affordable housing apartment community. Their objective is to provide accessible and affordable living spaces for individuals with lower income levels. By constructing and managing such a community, Ahepa 250-II Inc aims to contribute positively to societal housing needs and help those in need secure a stable living environment.
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Impact
July, 2024
Ahepa 250-Ii Inc's impact lies in providing affordable housing solutions to low-income individuals in Waterford, CT. By organizing the construction, ownership, and operation of an affordable housing apartment community, Ahepa 250-Ii works towards addressing the housing needs of this community. Through their programs, they aim to ensure that individuals facing financial constraints have a secure and comfortable place to live. This impact contributes to enhancing the quality of life for those in need of affordable housing in Waterford, CT.
This information is meant to be a general summary of Ahepa 250-Ii 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: $39
- Program Service Revenue: $623,620
- Gross Receipts: $624,287
Assets and Liabilities:
- Total Assets: $2,193,128
- Total Liabilities: $88,634
- Net Assets: $2,104,494
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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
$432,046
RENTAL INCOME
Revenue
$191,574
Organization Details
Founding Year
1993
Phone
(860) 442-0078Principal Officer
E P Mitchell
Main Address
95 CLARK LANE, WATERFORD, CT, 06385
NTEE Category
Code: L20 - Housing
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