Overview
What is Ahepa 250-V Inc?
Ahepa 250-V Inc is a nonprofit organization dedicated to providing affordable housing solutions. Established with the purpose of constructing, owning, and operating an apartment community, it aims to cater to the needs of low-income individuals. Situated in Niantic, Connecticut, this community serves as a sanctuary for those in need of housing assistance.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating.
Ahepa 250-V Inc demonstrates a solid performance in terms of accountability and finance, achieving an overall score of 86%. The organization has a fully independent board and has received full marks for its audit and oversight practices. Additionally, it maintains a strong program expense ratio of over 90%, indicating that a significant portion of its funds is directed towards its charitable programs.
However, there are areas for improvement, notably the absence of a whistleblower policy and a document retention and destruction policy, which received zero points in those categories. While the organization shows commitment in various aspects, addressing these missing policies could enhance its governance framework further. Overall, Ahepa 250-V Inc is a competent nonprofit with a strong financial oversight structure, though it would benefit from enhanced transparency measures.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa 250-V Inc legitimate?
Ahepa 250-V Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 250-V 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Ahepa 250-V Inc?
Ahepa 250-V Inc was established with the mission to construct, manage, and operate an affordable housing apartment community. This organization is dedicated to providing living spaces for individuals with limited financial means. The corporation's primary activity revolves around the development and operation of this community, which aims to make housing more accessible to those in need. While the specific location of this community is not provided, it is noted that Ahepa 250-V Inc's mission focuses on affordable housing.
Who is the CEO of Ahepa 250-V Inc?
E P Mitchell is the President of Ahepa 250-V Inc.
What is the revenue of Ahepa 250-V Inc?
Ahepa 250-V Inc's revenue in 2022 was $528,977.
Who are the executives of Ahepa 250-V Inc and what are their salaries?
There 9 volunteers at Ahepa 250-V Inc.
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Where can I find the form 990 for Ahepa 250-V Inc?
Ahepa 250-V Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 250-V Inc
Ahepa 250-V Inc, a nonprofit organization, was established with the intent to construct, own, and manage an affordable housing apartment community. At its core, the mission of Ahepa 250-V Inc is to provide housing solutions for individuals with limited financial resources. By building and operating such a community, the organization aims to contribute positively to the lives of those in need, offering them a secure and affordable place to call home.
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Impact
July, 2024
Ahepa 250-V Inc's impact lies in providing affordable housing to low-income individuals in Niantic, CT. By organizing, constructing, owning, and operating an affordable housing apartment community, they address a critical need in the community. Their programs help ensure that individuals facing financial challenges have a safe and stable place to live, fostering a sense of security and belonging. Through their dedicated mission, Ahepa 250-V Inc contributes to improving the quality of life for those in need of affordable housing.
This information is meant to be a general summary of Ahepa 250-V 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: $155
- Program Service Revenue: $528,355
- Gross Receipts: $528,977
Assets and Liabilities:
- Total Assets: $6,231,247
- Total Liabilities: $126,949
- Net Assets: $6,104,298
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$271,773
TENANT ASSISTANCE HUD
Revenue
$256,582
Organization Details
Founding Year
2009
Phone
(860) 691-3329Principal Officer
E P Mitchell
Main Address
269 ROXBURY ROAD, NIANTIC, CT, 06357
NTEE Category
Code: L22 - Housing
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