Overview
What is Ahepa 127 Inc?
Ahepa 127 Inc. is a not-for-profit organization, established under Ohio's statutes, with a mission to construct, own, and manage an affordable housing apartment community named Ahepa 127 Apartments in Milford, Ohio. The community is developed in accordance with the National Affordable Housing Act and is sponsored by Ahepa National Housing Corporation. The primary objective of Ahepa 127 Inc. is to provide affordable housing solutions, catering to the needs of the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Ahepa 127 Inc has earned a Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The organization excels with an accountability score of 80%, reflecting effective governance practices such as having a fully independent board, no material diversion of assets, and a commendable program expense ratio of 87.1%, suggesting that a significant portion of funds is directed towards its programs.
However, there are notable areas for improvement. Ahepa 127 Inc lacks a whistleblower policy and a document retention and destruction policy, both of which are critical for ensuring transparency and accountability in nonprofit operations. These omissions have impacted their overall score, highlighting opportunities for the organization to enhance its governance framework.
Overall, while Ahepa 127 Inc demonstrates strong financial health and governance with a majority-independent board and effective use of resources, addressing the gaps in policy documentation could further strengthen its accountability and enhance donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa 127 Inc legitimate?
Ahepa 127 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 127 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 127 Inc?
Ahepa 127 Inc., a not-for-profit organization, was established with the objective of constructing, owning, and operating an affordable housing apartment community. This endeavor aligns with Section 202 of the National Affordable Housing Act, aiming to provide affordable housing options for residents. The initiative is spearheaded by Ahepa National Housing Corporation, serving as the sponsor for this project.
Who is the CEO of Ahepa 127 Inc?
James Gelis is the President of Ahepa 127 Inc.
What is the revenue of Ahepa 127 Inc?
Ahepa 127 Inc's revenue in 2022 was $469,594.
Who are the executives of Ahepa 127 Inc and what are their salaries?
There 10 volunteers at Ahepa 127 Inc.
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Where can I find the form 990 for Ahepa 127 Inc?
Ahepa 127 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 127 Inc
Ahepa 127 Inc, a not-for-profit corporation, was established with a primary mission. This mission revolves around constructing, owning, and operating an affordable housing apartment community. The corporation, in accordance with the not-for-profit statutes of Ohio, aims to provide a 48-unit apartment complex that caters to the needs of individuals seeking affordable housing. This initiative is in line with Section 202 of the National Affordable Housing Act, ensuring that Ahepa 127 Inc contributes to the provision of affordable housing options for its community.
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Impact
July, 2024
Ahepa 127 Inc has a significant impact on the community by providing affordable housing through its 48-unit apartment community in Milford, Ohio. This initiative helps address the ongoing need for accessible housing options, particularly for individuals and families facing financial constraints. By offering affordable housing, Ahepa 127 Inc contributes to improving the overall quality of life for residents in the area, promoting stability and security within the community. Through its mission of constructing, owning, and operating affordable housing, Ahepa 127 Inc plays a vital role in addressing housing challenges and supporting the well-being of individuals in need.
This information is meant to be a general summary of Ahepa 127 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: $16
- Program Service Revenue: $467,816
- Gross Receipts: $469,594
Assets and Liabilities:
- Total Assets: $2,102,909
- Total Liabilities: $89,638
- Net Assets: $2,013,271
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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
$266,649
RENTAL INCOME
Revenue
$201,167
Organization Details
Founding Year
2000
Phone
(513) 575-1820Principal Officer
James Gelis
Main Address
14 EASLEY DRIVE, MILFORD, OH, 45150
NTEE Category
Code: L21 - Housing
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