Overview
What is Ahepa 78 Phase Iii Inc?
Ahepa 78 Phase III Inc. is a not-for-profit organization established in compliance with Indiana's non-profit regulations. Its primary objective is to build, own, and manage an affordable housing apartment complex named Ahepa 78 III Apartments, located in Merrillville, Indiana. This endeavor is in line with Section 202 of the National Affordable Housing Act. The initiative is spearheaded by Ahepa National Housing Corporation, serving as the project's sponsor.
Is Ahepa 78 Phase Iii Inc legitimate?
Ahepa 78 Phase Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 78 Phase Iii 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.
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What is the mission statement of Ahepa 78 Phase Iii Inc?
Ahepa 78 Phase III Inc. was established with the mission to construct, manage, and operate an affordable housing apartment community. This not-for-profit corporation was organized in compliance with the relevant state statutes, with the intention of building a 50-unit apartment complex. The project, known as Ahepa 78 III apartments, 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 Phase Iii Inc?
Leon Stath is the President of Ahepa 78 Phase Iii Inc.
What is the revenue of Ahepa 78 Phase Iii Inc?
Ahepa 78 Phase Iii Inc's revenue in 2022 was $452,991.
Who are the executives of Ahepa 78 Phase Iii Inc and what are their salaries?
There 11 volunteers at Ahepa 78 Phase Iii Inc.
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Where can I find the form 990 for Ahepa 78 Phase Iii Inc?
Ahepa 78 Phase Iii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 78 Phase Iii Inc
Ahepa 78 Phase III Inc, as a not-for-profit organization, was established with a mission to construct, own, and operate an affordable housing apartment community. Their goal is to provide a 50-unit housing complex, named Ahepa 78 III Apartments, in compliance with Section 202 of the National Affordable Housing Act, aiming to cater to the housing needs of individuals within a budget. The sponsor of this corporation is Ahepa National Housing Corporation, underscoring their commitment to affordable housing solutions.
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Impact
October, 2024
Ahepa 78 Phase Iii Inc plays a significant role in addressing affordable housing needs in Merrillville, Indiana, by constructing and operating a 50-unit apartment community known as Ahepa 78 III Apartments. This initiative contributes to the local community by providing accessible housing options for individuals and families, which is crucial in an environment where affordable housing is increasingly scarce.
By focusing on policies outlined in the National Affordable Housing Act, the corporation ensures that its apartments remain affordable, supporting low-income residents who might otherwise struggle to find suitable living conditions. The presence of such a housing community can also enhance neighborhood stability, foster community engagement, and potentially attract economic development to the area.
Moreover, Ahepa 78 Phase Iii Inc operates with a mission that aligns with broader social goals, improving the quality of life for its residents by offering safe, well-maintained living spaces. The project's impact extends beyond housing; it contributes to the overall well-being of the community by promoting inclusivity and supporting diverse residents. This model not only addresses immediate housing needs but also lays the foundation for long-term social and economic benefits in the region.
This information is meant to be a general summary of Ahepa 78 Phase Iii 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: $39
- Program Service Revenue: $451,308
- Gross Receipts: $452,991
Assets and Liabilities:
- Total Assets: $1,778,957
- Total Liabilities: $90,861
- Net Assets: $1,688,096
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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
$247,332
RENTAL INCOME
Revenue
$203,976
Organization Details
Founding Year
1995
Phone
(219) 942-9135Principal Officer
Leon Stath
Main Address
2022 W 79TH PLACE, MERRILLVILLE, IN, 46410
NTEE Category
Code: L22 - Housing
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