Overview
What is Crafton Tower - Ahi Inc?
Crafton Tower - Ahi Inc is a nonprofit organization situated in Pittsburgh, Pennsylvania. Its primary mission is to provide decent and affordable housing for low-income senior citizens. The corporation operates a government-sponsored multi-family apartment complex, offering rental units to eligible individuals within the community. By doing so, Crafton Tower - Ahi Inc contributes to the overall well-being of its residents, ensuring they have access to safe and affordable living spaces.
Official website here: www.actionhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (56%)
Crafton Tower - Ahi Inc has received a low rating of 56%, resulting in a One-Star out of Four Stars designation from Charity Navigator. This score indicates potential concerns regarding the organization’s accountability and financial practices. Notably, the organization lacks independent board members, which raises questions about governance and oversight.
The charity demonstrates strong program expense management, with a 100% program expense ratio, indicating that all of its expenditures are directed toward its mission. However, the organization falls short in critical areas such as the absence of a whistleblower policy and document retention practices, which could impact transparency and accountability. Additionally, the lack of posted board meeting minutes and tax forms on its website further diminishes its financial transparency.
The liabilities to assets ratio is significantly high at 412.44%, suggesting potential financial instability. Despite having established policies on conflicts of interest and an audit committee, the overall financial health and governance practices of Crafton Tower - Ahi Inc require substantial improvement to enhance trust and effectiveness in their operations.
This AI summary has been generated from information found on Charity Navigator.
Is Crafton Tower - Ahi Inc legitimate?
Crafton Tower - Ahi Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Crafton Tower - Ahi 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: $108,476
For more financial information, click here
Official website here: www.actionhousing.org
What is the mission statement of Crafton Tower - Ahi Inc?
Crafton Tower - Ahi Inc, as an organization, is committed to providing decent and affordable housing for low-income senior citizens. They achieve this by acquiring, owning, and operating a multi-family apartment complex, which serves as a platform to rent units to eligible individuals. This initiative aims to ensure that senior citizens, who may have limited financial resources, can still enjoy a comfortable living space. The corporation's activities contribute significantly to addressing the housing needs of this vulnerable population, thereby enhancing their overall quality of life.
Official website here: www.actionhousing.org
What is the revenue of Crafton Tower - Ahi Inc?
Crafton Tower - Ahi Inc's revenue in 2023 was $1,034,008.
Official website here: www.actionhousing.org
Who are the executives of Crafton Tower - Ahi Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.actionhousing.org
Where can I find the form 990 for Crafton Tower - Ahi Inc?
Crafton Tower - Ahi Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.actionhousing.org
Learn more at the official website: www.actionhousing.org
Mission Statement of Crafton Tower - Ahi Inc
Crafton Tower-Ahi Inc, as a nonprofit organization, is committed to providing decent and affordable housing for low-income senior citizens. The corporation accomplishes this mission by acquiring, owning, and operating a government-sponsored multi-family apartment complex. This allows Crafton Tower-Ahi Inc to rent units to eligible individuals who are both low-income and elderly, ensuring that they have access to secure and affordable living spaces. By providing this service, Crafton Tower-Ahi Inc plays a crucial role in supporting the housing needs of an often overlooked population, enabling them to maintain a dignified and comfortable living situation in their later years.
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Impact
October, 2024
Crafton Tower - Ahi Inc significantly impacts the community by providing decent and affordable housing specifically tailored for low-income senior citizens. By operating a government-sponsored multi-family apartment complex in Pittsburgh, it ensures that elderly individuals have access to safe and stable living conditions. This initiative addresses the critical need for affordable housing options, enabling seniors to maintain their independence while living in a supportive environment. The organization plays a vital role in enhancing the quality of life for these residents, alleviating housing insecurity, and fostering a sense of community among the elderly demographic in the area.
This information is meant to be a general summary of Crafton Tower - Ahi 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 2023.
- Investment Income: $387
- Program Service Revenue: $1,027,769
- Gross Receipts: $1,034,008
Assets and Liabilities:
- Total Assets: $691,006
- Total Liabilities: $2,770,689
- Net Assets: -$2,079,683
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE - HUD
Revenue
$532,270
TENANT ASSISTANCE PAYMENT
Revenue
$495,499
Organization Details
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