Overview
What is Ahepa 113 Inc?
Ahepa 113 Inc is a not-for-profit organization, established in accordance with Ohio's not-for-profit laws. The primary objective of this corporation is to construct, manage, and operate an affordable housing apartment complex named Ahepa 113 Apartments in Beavercreek, Ohio. This initiative aligns with Section 202 of the National Affordable Housing Act, aiming to provide affordable housing options for the community. The sponsor of this project is Ahepa National Housing Corporation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star Rating)
Ahepa 113 Inc has received a solid rating of 86% from Charity Navigator, which translates to a Three-Star rating. This score reflects the organization’s strong commitment to accountability and finance, with all points derived from this single beacon score. The 86% Accountability & Finance score indicates responsible management of resources and adherence to best practices in governance.
The organization excels in various metrics; it has a fully independent board with 100% of its members (8 out of 8 points) being independent. Additionally, Ahepa 113 Inc demonstrates effective oversight with a well-structured audit committee and no reported material diversion of assets, showcasing financial integrity. Its liabilities to assets ratio stands at a low 5.78%, indicating sound financial health.
While the data highlights significant strengths in governance and fiscal responsibility, continued monitoring of the organization’s operational effectiveness in programming areas could provide a more comprehensive view of its impact. Overall, Ahepa 113 Inc appears to be a financially responsible nonprofit with a strong foundation in accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa 113 Inc legitimate?
Ahepa 113 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 113 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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Other Salaries and Wages: $0
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What is the mission statement of Ahepa 113 Inc?
Ahepa 113 Inc., a not-for-profit corporation, was established with the objective of constructing, owning, and operating an affordable housing apartment community. This community, known as Ahepa 113 Apartments, was developed in compliance with Section 202 of the National Affordable Housing Act. The corporation's mission is to provide accessible and affordable housing options, contributing to the well-being of its residents. The sponsor of this project is Ahepa National Housing Corporation.
Who is the CEO of Ahepa 113 Inc?
Charrie Regopoulos is the President of Ahepa 113 Inc.
What is the revenue of Ahepa 113 Inc?
Ahepa 113 Inc's revenue in 2022 was $620,573.
Who are the executives of Ahepa 113 Inc and what are their salaries?
There 11 volunteers at Ahepa 113 Inc.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Ahepa 113 Inc?
Ahepa 113 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 113 Inc
Ahepa 113 Inc, a not-for-profit organization, was established with a mission to construct, own, and operate an affordable housing apartment community. This mission is aimed at providing affordable living solutions, as outlined in Section 202 of the National Affordable Housing Act. The corporation serves as a sponsor for the development and operation of the Ahepa 113 Apartments in Beavercreek, Ohio. This initiative underscores Ahepa 113 Inc's commitment to addressing housing affordability, offering a viable solution for individuals seeking reasonably priced living accommodations.
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Impact
July, 2024
Ahepa 113 Inc's impact lies in providing affordable housing solutions to individuals in need through the construction, ownership, and operation of a 57-unit apartment community in Beavercreek, Ohio. By offering affordable housing options, Ahepa 113 Inc is contributing to addressing the housing needs of the community and promoting access to safe and stable living environments for individuals. Through its mission and activities, Ahepa 113 Inc demonstrates a commitment to supporting human services and enhancing the quality of life for residents in the Beavercreek area.
This information is meant to be a general summary of Ahepa 113 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: $19
- Program Service Revenue: $619,013
- Gross Receipts: $620,573
Assets and Liabilities:
- Total Assets: $2,344,499
- Total Liabilities: $81,153
- Net Assets: $2,263,346
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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
$382,326
RENTAL INCOME
Revenue
$236,687
Organization Details
Founding Year
1997
Phone
(937) 431-0808Principal Officer
Charrie Regopoulos
Main Address
2300 COUNTY LINE RD, BEAVERCREEK, OH, 45430
NTEE Category
Code: P80 - Human services
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