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Ahepa 192-Iii Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 270084978 ✦ Ankeny, IA ✦ Designated as a 501(c)(3)

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Overview

What is Ahepa 192-Iii Inc?

Ahepa 192-Iii Inc. is a not-for-profit organization established in compliance with Iowa's not-for-profit laws. Their primary purpose is to construct, own, and manage an affordable housing apartment community named Ahepa 192-III Apartments in Ankeny, Iowa. This initiative falls under Section 202 of the National Affordable Housing Act and has been sponsored by Ahepa National Housing Corporation. The organization's mission revolves around providing affordable living solutions, contributing to the community and addressing housing needs in the specified area.

Is Ahepa 192-Iii Inc legitimate?

Ahepa 192-Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 192-Iii 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 192-Iii Inc?

Ahepa 192-Iii Inc., established as a not-for-profit organization, was primarily set up with the objective of constructing, owning, and operating an affordable housing apartment community. The corporation's main goal is to provide housing solutions within an affordable range for individuals in need. The project, known as Ahepa 192 iii apartments, is a 37-unit apartment community, developed in accordance with the National Affordable Housing Act. The sponsor of this initiative is Ahepa National Housing Corporation.

Who is the CEO of Ahepa 192-Iii Inc?

James Karthan is the President of Ahepa 192-Iii Inc.

What is the revenue of Ahepa 192-Iii Inc?

Ahepa 192-Iii Inc's revenue in 2022 was $318,829.

Who are the executives of Ahepa 192-Iii Inc and what are their salaries?

There 11 volunteers at Ahepa 192-Iii Inc.


Here are 11 key members and their salaries:


James Karthan (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Theodore T Velman (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elias Karthan (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher L Axiotis (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Zack J Zazas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter T Cade (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Hatzigiannakis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Zaimes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
S Christy Karthan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leon Spanos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Christ (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Ahepa 192-Iii Inc?

Ahepa 192-Iii Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ahepa 192-Iii Inc

Ahepa 192-III Inc, a not-for-profit corporation, was established with a specific purpose. Its mission lies in constructing, owning, and operating an affordable housing apartment community. This community, known as Ahepa 192-III Apartments, is a testament to their commitment towards providing affordable living solutions. The organization was founded in accordance with the not-for-profit statutes of Iowa, and its operations are overseen by Ahepa National Housing Corporation as its sponsor. This mission of Ahepa 192-III Inc aims to contribute positively to the housing market, offering affordable living options to individuals and families in need.

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Impact




October, 2024

Ahepa 192-Iii Inc significantly impacts the Ankeny, Iowa community by addressing the critical need for affordable housing. By constructing and managing a 37-unit apartment community, it provides residents with a stable and secure living environment, thereby enhancing their quality of life. This initiative not only aids individuals and families in finding accessible housing options but also contributes to the overall economic development of the area.

The presence of such affordable housing projects helps to diversify the community, attracting a range of residents and fostering inclusivity. Moreover, by adhering to the National Affordable Housing Act, Ahepa 192-Iii Inc ensures that its developments meet certain standards, further guaranteeing a positive living experience for tenants. This commitment to affordable housing plays a crucial role in alleviating housing insecurity, supporting community cohesion, and enhancing the overall well-being of the population in Ankeny.




This information is meant to be a general summary of Ahepa 192-Iii 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.

Revenue
$318,829 (2022)
Expenses
$297,848 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $11
  • Program Service Revenue: $304,777
  • Gross Receipts: $318,829

Assets and Liabilities:

  • Total Assets: $2,444,257
  • Total Liabilities: $33,653
  • Net Assets: $2,410,604

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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

$164,586

RENTAL INCOME

Revenue

$140,191

Organization Details

Founding Year

2004

Principal Officer

James Karthan

Main Address

112 SE 30TH ST, ANKENY, IA, 50021

NTEE Category

Code: L22 - Housing

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