Overview
What is Ahepa 127 Ii Inc?
Ahepa 127 Ii Inc is a not-for-profit organization, established under Ohio's not-for-profit laws. Its primary objective is to develop, manage, and run an affordable housing apartment complex in Mt. Healthy, Ohio. This project, named Ahepa 127 Ii Apartments, is in line with Section 202 of the National Affordable Housing Act. The project sponsor is Ahepa National Housing Corporation, which played a crucial role in the establishment of this organization.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. This indicates a moderate level of accountability and financial health for Ahepa 127 Ii Inc. The organization has demonstrated strong governance practices, with 100% of its board members being independent and a total board size of eight members. Additionally, it maintains good documentation of board meeting minutes and has shown no material diversion of assets.
Financially, Ahepa 127 Ii Inc. exhibits a solid program expense ratio of 92.70%, which suggests that a significant portion of its funds is directed towards its programs rather than administrative costs. The liabilities to assets ratio is low at 6.31%, indicating that the organization is in a stable financial position and is not overly reliant on debt.
However, despite these strengths, the overall Two-Star rating suggests that there may still be areas for improvement in accountability or financial practices that could enhance the organization's standing. Continuous monitoring and evaluation of financial practices could help Ahepa 127 Ii Inc. further improve its rating and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa 127 Ii Inc legitimate?
Ahepa 127 Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 127 Ii 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 127 Ii Inc?
Ahepa 127 Ii Inc., as a not-for-profit corporation, was established with the mission to construct, own, and manage an affordable housing apartment community. The corporation's primary objective is to provide affordable living spaces, utilizing Section 202 of the National Affordable Housing Act as a guiding framework. By overseeing the construction, ownership, and operation of such a community, Ahepa 127 Ii Inc. aims to contribute to the housing needs of various individuals and families, promoting affordable living solutions.
Who is the CEO of Ahepa 127 Ii Inc?
James Gelis is the President of Ahepa 127 Ii Inc.
What is the revenue of Ahepa 127 Ii Inc?
Ahepa 127 Ii Inc's revenue in 2022 was $468,884.
Who are the executives of Ahepa 127 Ii Inc and what are their salaries?
There 10 volunteers at Ahepa 127 Ii Inc.
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Where can I find the form 990 for Ahepa 127 Ii Inc?
Ahepa 127 Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 127 Ii Inc
Ahepa 127 II Inc, a not-for-profit corporation, was established with a clear mission. The organization was organized with the primary objective of constructing, owning, and operating an affordable housing apartment community. This endeavor is in line with Section 202 of the National Affordable Housing Act, which the corporation adheres to. The sponsor of this mission is Ahepa National Housing Corporation, demonstrating a commitment to providing affordable housing solutions.
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Impact
July, 2024
Ahepa 127 II Inc's impact lies in providing affordable housing opportunities to individuals in Mt. Healthy, Ohio. By constructing, owning, and operating a 50-unit apartment community, Ahepa 127 II Inc is addressing the critical need for accessible housing in the area. Through their commitment to affordable housing, they are making a tangible difference in the lives of those in need, ensuring a more stable and secure living environment for the community.
This information is meant to be a general summary of Ahepa 127 Ii 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: $59
- Program Service Revenue: $465,316
- Gross Receipts: $468,884
Assets and Liabilities:
- Total Assets: $2,459,570
- Total Liabilities: $101,505
- Net Assets: $2,358,065
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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
$280,375
RENTAL INCOME
Revenue
$184,941
Organization Details
Founding Year
2002
Phone
(513) 931-3307Principal Officer
James Gelis
Main Address
7825 AFFINITY PLACE, MT HEALTHY, OH, 45231
NTEE Category
Code: L21 - Housing
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