Overview
What is Ahepa 78 Inc?
Ahepa 78 Inc is a not-for-profit organization, established in compliance with Indiana's non-profit laws. Its primary aim is to construct, manage, and operate an affordable housing apartment complex, named Ahepa 78 Apartments, in Merrillville, Indiana. This is facilitated under Section 202 of the National Affordable Housing Act. The organization's sponsor is Ahepa National Housing Corporation, which plays a significant role in its operation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating reflects the organization's performance in accountability and finance, highlighting both its strengths and weaknesses. While the organization demonstrates a strong commitment to independent governance with a fully independent board and no material diversion of assets, it falls short in critical policy areas.
Ahepa 78 Inc has a solid program expense ratio of 84.66%, indicating a strong focus on its mission-related activities. The organization maintains low liabilities relative to its assets and effectively documents board meeting minutes. These factors contribute positively to its financial health, showcasing responsible management of funds.
However, the absence of essential policies, such as a conflict of interest policy and whistleblower policy, raises concerns about its governance practices. Additionally, the nonprofit has not made its tax form available on its website, which is a transparency issue. Addressing these limitations could enhance its overall rating and foster greater trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa 78 Inc legitimate?
Ahepa 78 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 78 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Ahepa 78 Inc?
Ahepa 78 Inc., being a not-for-profit corporation, was established with the primary objective of constructing, owning, and operating an affordable housing apartment community. This initiative is in line with Section 202 of the National Affordable Housing Act, aiming to provide affordable housing solutions. The sponsor of this corporation is Ahepa National Housing Corporation.
Who is the CEO of Ahepa 78 Inc?
Leon Stath is the President of Ahepa 78 Inc.
What is the revenue of Ahepa 78 Inc?
Ahepa 78 Inc's revenue in 2022 was $468,496.
Who are the executives of Ahepa 78 Inc and what are their salaries?
There 11 volunteers at Ahepa 78 Inc.
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Where can I find the form 990 for Ahepa 78 Inc?
Ahepa 78 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 78 Inc
Ahepa 78 Inc, a not-for-profit organization, was established with the primary purpose of constructing, owning, and operating an affordable housing apartment community. Their mission is centered around providing affordable living spaces, which is evident in their pursuit of building and managing a 50-unit apartment complex, known as Ahepa 78 Apartments. This initiative is in accordance with Section 202 of the National Affordable Housing Act, demonstrating their commitment to making housing accessible for a wider population. The sponsor of this corporation is Ahepa National Housing Corporation, further highlighting their dedication to affordable housing solutions.
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Impact
July, 2024
Ahepa 78 Inc's impact lies in providing affordable housing solutions through the construction, ownership, and operation of a 50-unit apartment community in Merrillville, Indiana. By offering these affordable housing options, Ahepa 78 Inc contributes to addressing the housing needs of the community and improving the quality of life for its residents. This initiative aligns with their mission to provide accessible and sustainable housing options, making a positive difference in the lives of individuals and families in need.
This information is meant to be a general summary of Ahepa 78 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: $27
- Program Service Revenue: $466,318
- Gross Receipts: $468,496
Assets and Liabilities:
- Total Assets: $627,921
- Total Liabilities: $68,138
- Net Assets: $559,783
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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
$293,228
RENTAL INCOME
Revenue
$173,090
Organization Details
Founding Year
1986
Phone
(219) 771-9082Principal Officer
Leon Stath
Main Address
2078 WEST 79TH STREET, MERRILLVILLE, IN, 46410
NTEE Category
Code: L22Z - Housing
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