Overview
What is Ahepa 118 Inc?
Ahepa 118 Inc is a nonprofit organization established in accordance with Ohio's not-for-profit laws. Its primary objective is to construct, manage, and operate an affordable housing apartment complex, named Ahepa 118 Apartments, in Toledo, Ohio. This initiative falls under Section 202 of the National Affordable Housing Act, aiming to provide suitable living accommodations for low-income elderly individuals. The sponsor overseeing this project is the Ahepa National Housing Corporation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Ahepa 118 Inc has demonstrated a strong commitment to accountability and finance, achieving a high score of 94%. This rating signifies that the organization is well-managed and transparent in its operations. Key strengths include a fully independent board and robust financial oversight measures, indicating a solid governance structure.
The organization has excelled in maintaining high standards of financial reporting, with a program expense ratio of 93.77%, showing that the majority of its expenditures are directed towards its mission. Furthermore, the absence of any material diversion of assets highlights its integrity in handling funds. The presence of various policies, such as conflict of interest and whistleblower protection, further reinforces its accountability.
Despite its strengths, the data does not indicate specific programmatic outcomes or broader impact metrics which would provide a fuller picture of the charity's effectiveness in achieving its mission. Nonetheless, the strong financial standing and governance practices position Ahepa 118 Inc as a reliable nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa 118 Inc legitimate?
Ahepa 118 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 118 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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What is the mission statement of Ahepa 118 Inc?
Ahepa 118 Inc, a not-for-profit organization, was established with the primary goal of constructing, owning, and operating an affordable housing apartment community. Specifically, they aimed to create a 50-unit complex, known as Ahepa 118 apartments, in accordance with the National Affordable Housing Act, to provide housing for low-income elderly individuals. The corporation operates under the sponsorship of Ahepa National Housing Corporation.
Who is the CEO of Ahepa 118 Inc?
Theodore Gulas is the President of Ahepa 118 Inc.
What is the revenue of Ahepa 118 Inc?
Ahepa 118 Inc's revenue in 2022 was $565,700.
Who are the executives of Ahepa 118 Inc and what are their salaries?
There 13 volunteers at Ahepa 118 Inc.
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Where can I find the form 990 for Ahepa 118 Inc?
Ahepa 118 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 118 Inc
Ahepa 118 Inc, a not-for-profit organization, was established with a mission to construct, own, and manage an affordable housing apartment community. The corporation's goal is to provide a 50-unit complex that caters to low-income elderly residents. This initiative aligns with Section 202 of the National Affordable Housing Act, which the corporation has adopted as its guiding principle. The sponsor of this project is Ahepa National Housing Corporation, demonstrating a commitment to addressing housing needs within vulnerable populations.
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Impact
July, 2024
Ahepa 118 Inc's impact lies in providing essential housing solutions to low-income elderly individuals in Toledo, Ohio. By constructing, owning, and operating a 50-unit affordable housing apartment community, known as Ahepa 118 Apartments, the organization directly addresses the pressing need for accessible and secure housing for this vulnerable demographic. Through its mission-driven approach, Ahepa 118 Inc positively impacts the lives of many elderly residents in the area, offering them a safe and supportive living environment where they can thrive and maintain their independence.
This information is meant to be a general summary of Ahepa 118 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: $13
- Program Service Revenue: $531,912
- Gross Receipts: $565,700
Assets and Liabilities:
- Total Assets: $2,361,259
- Total Liabilities: $42,560
- Net Assets: $2,318,699
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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
$330,589
RENTAL INCOME
Revenue
$201,323
Organization Details
Founding Year
2002
Phone
(419) 471-0112Principal Officer
Theodore Gulas
Main Address
1865 WEST ALEXIS RD, TOLEDO, OH, 43613
NTEE Category
Code: L21 - Housing
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