Overview
What is Ahepa 60 Inc?
Ahepa 60 Inc is a nonprofit organization with a mission to construct, own, and operate an affordable housing apartment community, specifically catering to the needs of low-income elderly individuals. Their purpose is to provide a suitable living space for this demographic, ensuring they have access to essential housing resources.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
Ahepa 60 Inc has received a 73% score from Charity Navigator, indicating a Two-Star rating primarily driven by its accountability and finance metrics. The organization demonstrates robust governance with a fully independent board consisting of 13 members, which enhances its accountability and decision-making processes.
Strengths of Ahepa 60 Inc include a high program expense ratio of 92.87%, indicating that most of its funds are directed towards its mission-driven programs. Additionally, the organization has no reported material diversion of assets, demonstrating financial integrity. They also document board meeting minutes, contributing to transparency.
However, the overall score signals that there are areas needing improvement, although specific weaknesses were not detailed in the data provided. Prospective donors and stakeholders may want to consider these aspects when evaluating their support for Ahepa 60 Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa 60 Inc legitimate?
Ahepa 60 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 60 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 60 Inc?
Ahepa 60 Inc was established with the mission to construct, manage, and operate an affordable housing complex. Its primary objective is to provide housing for individuals with low income, particularly the elderly. The corporation aims to contribute to the community by offering affordable living spaces, thereby addressing the housing needs of this specific population.
Who is the CEO of Ahepa 60 Inc?
Charles Mackenzie is the President of Ahepa 60 Inc.
What is the revenue of Ahepa 60 Inc?
Ahepa 60 Inc's revenue in 2022 was $459,645.
Who are the executives of Ahepa 60 Inc and what are their salaries?
There 13 volunteers at Ahepa 60 Inc.
Here are 13 key members and their salaries:
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Where can I find the form 990 for Ahepa 60 Inc?
Ahepa 60 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 60 Inc
Ahepa 60 Inc, a nonprofit organization, was established with a mission to construct, own, and manage an affordable housing apartment community. Their primary goal is to provide housing for low-income elderly individuals, offering a place of shelter and comfort for this specific demographic. By constructing and operating such a community, Ahepa 60 Inc aims to make affordable housing an accessible option for elderly individuals who may be in financial need.
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Impact
July, 2024
Ahepa 60 Inc's impact is significant in providing affordable housing options for low-income elderly individuals in Allentown, Pennsylvania. Through their mission of constructing, owning, and operating an affordable housing apartment community, they are facilitating a better quality of life for elderly residents who may otherwise struggle to find suitable and affordable housing options. Ahepa 60 Inc's commitment to providing housing for those in need directly addresses a critical societal issue and contributes to the overall well-being and stability of the community they serve. Their work aligns with the essential need for accessible and affordable housing solutions, particularly for vulnerable populations like low-income seniors.
This information is meant to be a general summary of Ahepa 60 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: $22
- Program Service Revenue: $437,299
- Gross Receipts: $459,645
Assets and Liabilities:
- Total Assets: $2,639,670
- Total Liabilities: $76,351
- Net Assets: $2,563,319
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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
$225,915
RENTAL INCOME
Revenue
$211,384
Organization Details
Founding Year
2001
Phone
(610) 798-8320Principal Officer
Charles Mackenzie
Main Address
1810 SOUTH ALBERT STREET, ALLENTOWN, PA, 18103
NTEE Category
Code: L21 - Housing
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