Overview
What is Alpha Building Foundation Corporation Co Alpha Phi Alpha Homes Inc?
Alpha Building Foundation Corporation Alpha Phi Alpha Homes Inc is a nonprofit organization committed to addressing the housing needs of low-income individuals. Based on the information provided, it operates under the mission of providing subsidized housing through its public facilities, supported by the U.S. Department of Housing and Urban Development (HUD). The organization's focus is to ensure affordable housing options for those in need, fulfilling its vital role in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star Rating)
The Alpha Building Foundation Corporation Co Alpha Phi Alpha Homes Inc has achieved a 75% score on Charity Navigator, reflecting a Three-Star rating based primarily on its accountability and financial management. The rating indicates a strong commitment to financial transparency and governance practices, with an independent board comprising 100% independent members and a high percentage of program expenses allocated effectively towards its mission.
The organization demonstrates solid fiscal oversight, holding an audit and oversight committee that ensures accountability, alongside having established policies regarding conflicts of interest and document retention. The high program expense ratio of 94.28% further highlights its focus on direct service delivery and community impact.
However, a notable concern is the liabilities to assets ratio, which stands at 209.36%. This could indicate potential financial stability issues that warrant attention. While the organization excels in governance aspects, it may need to address its financial health to enhance its overall effectiveness and sustainability in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is Alpha Building Foundation Corporation Co Alpha Phi Alpha Homes Inc legitimate?
Alpha Building Foundation Corporation Co Alpha Phi Alpha Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alpha Building Foundation Corporation Co Alpha Phi Alpha Homes 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $213,028
For more financial information, click here
What is the mission statement of Alpha Building Foundation Corporation Co Alpha Phi Alpha Homes Inc?
Alpha Building Foundation Corporation Alpha Phi Alpha Homes Inc, as a non-profit organization, is dedicated to providing low-income housing solutions. They accomplish this mission by offering HUD-subsidized housing through their public facilities. This commitment allows them to cater to individuals who fall under the low-income bracket, thereby addressing the need for affordable housing. The organization's activities revolve around this mission, thereby contributing significantly to the community by ensuring decent living conditions for those in need.
Who is the CEO of Alpha Building Foundation Corporation Co Alpha Phi Alpha Homes Inc?
Tom Fuller is the Principal Officer of Alpha Building Foundation Corporation Co Alpha Phi Alpha Homes Inc.
What is the revenue of Alpha Building Foundation Corporation Co Alpha Phi Alpha Homes Inc?
Alpha Building Foundation Corporation Co Alpha Phi Alpha Homes Inc's revenue in 2022 was $2,386,557.
Who are the executives of Alpha Building Foundation Corporation Co Alpha Phi Alpha Homes Inc and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Alpha Building Foundation Corporation Co Alpha Phi Alpha Homes Inc?
Alpha Building Foundation Corporation Co Alpha Phi Alpha Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Alpha Building Foundation Corporation Co Alpha Phi Alpha Homes Inc
Alpha Building Foundation Corporation Co Alpha Phi Alpha Homes Inc, as a nonprofit organization, is dedicated to providing low-income individuals with HUD-subsidized housing. This mission is carried out through the operation of public housing facilities, serving as a testament to the corporation's commitment to alleviating housing-related challenges faced by those in need. By offering subsidized housing, Alpha Building Foundation Corporation Co Alpha Phi Alpha Homes Inc contributes significantly to the community, ensuring that individuals who might otherwise struggle to afford housing can live with stability and security. The corporation's mission is a vital contribution to the overall well-being of its residents, offering a foundation upon which they can build a better life.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Alpha Building Foundation Corporation Co Alpha Phi Alpha Homes Inc significantly impacts the community by providing HUD-subsidized housing for low-income individuals in Akron, Ohio. By offering affordable housing options, the organization helps to alleviate homelessness and housing insecurity, allowing individuals and families to have safe and stable living environments. This access to low-income housing not only supports residents in meeting their basic needs but also contributes to their overall well-being and quality of life.
The organization plays a crucial role in addressing a critical social issue, as it upholds its mission to fulfill the housing needs of those who are economically disadvantaged. By ensuring that affordable housing is available, Alpha Building Foundation helps to foster a sense of community, stability, and support among its residents. Ultimately, its efforts create a positive ripple effect, enhancing the broader social fabric of Akron.
This information is meant to be a general summary of Alpha Building Foundation Corporation Co Alpha Phi Alpha Homes 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: $2,794
- Program Service Revenue: $636,990
- Gross Receipts: $2,386,557
Assets and Liabilities:
- Total Assets: $3,394,481
- Total Liabilities: $7,106,698
- Net Assets: -$3,712,217
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Rental Income
Revenue
$636,990
Organization Details
Founding Year
1982
Phone
(330) 376-8787Principal Officer
Tom Fuller
Main Address
662 Wolf Ledges Parkway, Akron, OH, 44311
NTEE Category
Code: L210 - Housing
If you are a representative of Alpha Building Foundation Corporation Co Alpha Phi Alpha Homes Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.