Overview
What is Ahi-Quemahoning Inc?
Ahi-Quemahoning Inc is a nonprofit organization situated in East Pittsburgh, Pennsylvania, dedicated to providing affordable housing solutions for the elderly. Through federally subsidized programs, such as Section 8 rent subsidy and Section 221(d)(4) of the National Housing Act, they manage a project comprising 102 housing units. Their mission is centered around enhancing the living conditions of the elderly, ensuring they have access to comfortable and low-cost accommodations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, Score: 65%)
Ahi-Quemahoning Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in various areas of accountability and finance. The rating reflects a score of 65%, suggesting that while the organization demonstrates some strengths, particularly in maintaining an independent board and having no material diversions of assets, there are significant areas that require attention. The financial statements are audited, which is a positive aspect.
Despite the strengths noted, the organization has multiple missing disclosures, such as a website listed on the tax form, a conflict of interest policy, and a whistleblower policy. These gaps in transparency can impact donor trust and limit the organization's overall effectiveness. Additionally, the liabilities to assets ratio stands at 118.85%, which may raise concerns regarding financial stability.
Overall, while Ahi-Quemahoning Inc shows commendable independence and a high program expense ratio of 88.07%, the lack of essential policies and disclosures presents challenges that the organization must address to enhance its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Ahi-Quemahoning Inc legitimate?
Ahi-Quemahoning Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahi-Quemahoning 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: $118,647
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What is the mission statement of Ahi-Quemahoning Inc?
Ahi-Quemahoning Inc is committed to providing affordable housing for the elderly. They achieve this mission through the implementation of federally subsidized programs, specifically section 8 rent subsidy and section 221(d)(4) of the National Housing Act, which they have utilized to establish a project consisting of 102 units in East Pittsburgh, PA. The organization's goal is to ensure that elderly individuals with limited financial resources have access to appropriate housing. Their activities are primarily focused on making housing more affordable and accessible for this specific demographic.
Who is the CEO of Ahi-Quemahoning Inc?
Matt Patsey is the President of Ahi-Quemahoning Inc.
What is the revenue of Ahi-Quemahoning Inc?
Ahi-Quemahoning Inc's revenue in 2022 was $926,683.
Who are the executives of Ahi-Quemahoning Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Ahi-Quemahoning Inc?
Ahi-Quemahoning Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahi-Quemahoning Inc
Ahi-Quemahoning Inc, a nonprofit organization, is dedicated to providing affordable housing solutions for the elderly. Through federally subsidized programs established by the HUD under section 8 rent subsidy and section 221(d)(4) of the National Housing Act, Ahi-Quemahoning offers 102 units of low-income housing in East Pittsburgh, PA. This commitment to eldercare ensures that the elderly population has access to safe and affordable housing options, enabling them to maintain their independence and dignity in their later years.
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Impact
October, 2024
Ahi-Quemahoning Inc significantly impacts the community by providing affordable housing for elderly residents in East Pittsburgh, PA. By leveraging federally subsidized programs established by HUD, such as the Section 8 rent subsidy and Section 221(d)(4) of the National Housing Act, the organization offers 102 housing units designed to meet the needs of low-income seniors. This initiative addresses a critical need for safe and affordable living conditions for the elderly, promoting stability and enhancing the quality of life for its residents. Through its efforts, Ahi-Quemahoning Inc plays a vital role in supporting the well-being and dignity of older adults within the community.
This information is meant to be a general summary of Ahi-Quemahoning 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: $216
- Program Service Revenue: $375,764
- Gross Receipts: $926,683
Assets and Liabilities:
- Total Assets: $1,944,235
- Total Liabilities: $2,310,733
- Net Assets: -$366,498
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$375,764
Organization Details
Founding Year
2001
Phone
(412) 829-3910Principal Officer
Matt Patsey
Main Address
803 E PITTSBURGH PLAZA, E PITTSBURGH, PA, 15112
NTEE Category
Code: L22 - Housing
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