Overview
What is Ahepa Dop 60 Inc?
Ahepa Dop 60 Inc is a not-for-profit organization established in compliance with Indiana's nonprofit regulations. Their primary objective is to construct, manage, and operate an affordable housing complex known as Penelope 60 Apartments in Mishawaka, Indiana, in line with the National Affordable Housing Act. The sponsor of this initiative is Ahepa National Housing Corporation. This nonprofit corporation aims to provide affordable housing solutions for the community, contributing to the broader goal of promoting equitable living standards.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
Ahepa Dop 60 Inc has achieved a score of 73%, reflecting a Two-Star rating primarily derived from its accountability and finance metrics. The charity boasts a strong performance in governance, with 100% of its board members being independent, indicating a high level of oversight and commitment to ethical practices.
The organization demonstrates effective financial management, evidenced by a low liabilities to assets ratio of 1.41% and a robust program expense ratio of 91.53%. This suggests that the majority of its expenditures are directed toward its charitable programs, which is a positive indicator for potential donors.
However, while the charity meets many standards for accountability, the overall Two-Star rating implies that there may be room for improvement in other areas to enhance its overall effectiveness and donor confidence. Continued transparency and strategic development could further bolster Ahepa Dop 60 Inc’s standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa Dop 60 Inc legitimate?
Ahepa Dop 60 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa Dop 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
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What is the mission statement of Ahepa Dop 60 Inc?
Ahepa Dop 60 Inc was established with a mission to construct, own, and manage an affordable housing apartment community. This not-for-profit corporation, following Indiana's not-for-profit statutes, aimed to develop a 50-unit housing complex under Section 202 of the National Affordable Housing Act. The sponsor overseeing this project is Ahepa National Housing Corporation. The primary objective of Ahepa Dop 60 Inc is to provide affordable housing solutions, contributing to the well-being of individuals and families in need.
Who is the CEO of Ahepa Dop 60 Inc?
Angelika Magrames is the President of Ahepa Dop 60 Inc.
What is the revenue of Ahepa Dop 60 Inc?
Ahepa Dop 60 Inc's revenue in 2022 was $473,655.
Who are the executives of Ahepa Dop 60 Inc and what are their salaries?
There 7 volunteers at Ahepa Dop 60 Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Ahepa Dop 60 Inc?
Ahepa Dop 60 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa Dop 60 Inc
Ahepa Dop 60 Inc, a not-for-profit corporation, was established with a clear mission. This organization was organized to undertake the construction, ownership, and operation of an affordable housing apartment community. Specifically, it aimed to develop a 50-unit apartment complex, known as Penelope 60 Apartments, in Mishawaka, Indiana, in accordance with Section 202 of the National Affordable Housing Act. The sponsor of this venture is Ahepa National Housing Corporation. In essence, Ahepa Dop 60 Inc's mission is to provide affordable housing, contributing to the well-being of its residents and fostering a sense of community.
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Impact
July, 2024
Ahepa Dop 60 Inc's impact lies in providing affordable housing solutions to the community in Mishawaka, Indiana. By constructing, owning, and operating the Penelope 60 Apartments, this organization plays a vital role in addressing the housing needs of individuals and families in the area. Through its commitment to affordable housing under the Section 202 of the National Affordable Housing Act, Ahepa Dop 60 Inc positively impacts the lives of those who may struggle to find adequate and affordable housing options. Their mission to provide a safe and stable living environment contributes to the overall well-being and quality of life of their residents, showcasing their dedication to making a difference in the community.
This information is meant to be a general summary of Ahepa Dop 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: $32
- Program Service Revenue: $471,830
- Gross Receipts: $473,655
Assets and Liabilities:
- Total Assets: $4,445,808
- Total Liabilities: $29,908
- Net Assets: $4,415,900
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANT
Revenue
$309,387
RENTAL INCOME
Revenue
$162,443
Organization Details
Founding Year
2010
Phone
(574) 259-4068Principal Officer
Angelika Magrames
Main Address
16025 CHANDLER BLVD, MISHAWAKA, IN, 46544
NTEE Category
Code: L21 - Housing
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