Overview
What is Ahepa 89 Inc?
Ahepa 89 Inc is a nonprofit organization, established in compliance with Ohio's not-for-profit regulations. The primary objective of this corporation is to construct, manage, and operate an affordable housing apartment complex, named Ahepa 89 Apartments, in Boardman, Ohio. This initiative aligns with Section 202 of the National Affordable Housing Act. The sponsor overseeing this project is Ahepa National Housing Corporation, demonstrating Ahepa 89 Inc's commitment to providing affordable housing solutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Ahepa 89 Inc has achieved a strong 94% score, reflecting its commitment to accountability and financial transparency. The charity's rating is based entirely on its accountability and finance metrics, where it excels in several areas, including the independence of its board members and the absence of material diversion of assets. With a well-structured oversight committee and a clear conflict of interest policy, Ahepa demonstrates robust governance practices.
The organization maintains a high program expense ratio of 93.63%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. This focus on program spending is a positive sign for potential donors, highlighting the charity's dedication to its mission. The financial health of Ahepa 89 Inc is further supported by a low liabilities to assets ratio of 7.68%, showcasing sound financial management.
While the rating reflects strong organizational strengths, potential donors may want to look into specific programs and outcomes to assess the impact of Ahepa's efforts in the community. Overall, Ahepa 89 Inc stands out as a well-managed nonprofit with a solid track record in accountability and financial responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa 89 Inc legitimate?
Ahepa 89 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 89 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 89 Inc?
Ahepa 89 Inc., as a not-for-profit corporation, was established with the primary mission of constructing, owning, and operating an affordable housing apartment community. This endeavor is in accordance with the national affordable housing act and is aimed at providing affordable housing options for individuals or families in need. The corporation, sponsored by Ahepa National Housing Corporation, seeks to contribute to the housing sector by providing affordable housing solutions.
Who is the CEO of Ahepa 89 Inc?
John Manolukas is the President of Ahepa 89 Inc.
What is the revenue of Ahepa 89 Inc?
Ahepa 89 Inc's revenue in 2022 was $615,712.
Who are the executives of Ahepa 89 Inc and what are their salaries?
There 9 volunteers at Ahepa 89 Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Ahepa 89 Inc?
Ahepa 89 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 89 Inc
Ahepa 89 Inc, a not-for-profit corporation, was established with a clear mission. This mission involves constructing, owning, and operating an affordable housing apartment community. By doing so, Ahepa 89 Inc aims to contribute to the availability of affordable living spaces, catering to the needs of various individuals and families. The corporation was organized in accordance with the not-for-profit statutes of Ohio and is sponsored by Ahepa National Housing Corporation. This mission of Ahepa 89 Inc reflects its commitment to addressing the housing needs of the community, particularly in the provision of affordable housing options.
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Impact
July, 2024
Ahepa 89 Inc's impact lies in providing affordable housing options through the construction, ownership, and operation of a 63-unit apartment community in Boardman, Ohio. By offering these affordable housing solutions, Ahepa 89 Inc contributes towards addressing the housing needs of individuals and families in the community. This initiative aligns with the organization's mission to create a safe and stable living environment for residents. Additionally, by focusing on affordable housing, Ahepa 89 Inc plays a role in promoting the overall health and well-being of individuals by ensuring access to suitable living spaces.
This information is meant to be a general summary of Ahepa 89 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: $169
- Program Service Revenue: $612,498
- Gross Receipts: $615,712
Assets and Liabilities:
- Total Assets: $2,238,263
- Total Liabilities: $168,543
- Net Assets: $2,069,720
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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
$394,517
RENTAL INCOME
Revenue
$217,981
Organization Details
Founding Year
1985
Phone
(330) 629-8539Principal Officer
John Manolukas
Main Address
44 BOARDMAN BOULEVARD, BOARDMAN, OH, 44512
NTEE Category
Code: E90Z - Health
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