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Ahepa 100 Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 352157104 ✦ South bend, IN ✦ Designated as a 501(c)(3)

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Overview

What is Ahepa 100 Inc?

Ahepa 100 Inc is a not-for-profit organization, established in accordance with Indiana's not-for-profit laws. Its primary objective is to construct, own, and manage an affordable housing apartment community in South Bend, Indiana. This project, known as Ahepa 100 Apartments, is in line with Section 202 of the National Affordable Housing Act. Ahepa National Housing Corporation serves as the sponsor for this initiative, overseeing its development and operations.

Is Ahepa 100 Inc legitimate?

Ahepa 100 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 100 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: $0

For more financial information, click here

What is the mission statement of Ahepa 100 Inc?

Ahepa 100 Inc., a not-for-profit organization, was established with the primary objective of constructing, owning, and operating an affordable housing apartment community. The corporation's mission is centered around providing affordable housing, aiming to contribute positively to the community by offering affordable living solutions. This initiative is in line with Section 202 of the National Affordable Housing Act, as amended. The sponsor of this project is Ahepa National Housing Corporation.

Who is the CEO of Ahepa 100 Inc?

Panos Niarchos is the President of Ahepa 100 Inc.

What is the revenue of Ahepa 100 Inc?

Ahepa 100 Inc's revenue in 2022 was $441,068.

Who are the executives of Ahepa 100 Inc and what are their salaries?

There 7 volunteers at Ahepa 100 Inc.


Here are 7 key members and their salaries:


Panos Niarchos (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Mighion (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angela Magrames (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Mccormick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angelo Kostarides (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nick Anagnos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thanasis Terezis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Ahepa 100 Inc?

Ahepa 100 Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ahepa 100 Inc

Ahepa 100 Inc, a not-for-profit corporation, was established with a clear mission. Its primary goal is to construct, own, and manage an affordable housing apartment community. This mission is in line with Section 202 of the National Affordable Housing Act, which the corporation adheres to. By providing affordable housing, Ahepa 100 Inc aims to contribute to the well-being of its residents, offering them a secure and comfortable living environment. The sponsor of this initiative is Ahepa National Housing Corporation, further emphasizing the corporation's commitment to providing affordable housing solutions.

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Impact




October, 2024

Ahepa 100 Inc plays a significant role in providing affordable housing in South Bend, Indiana. By constructing, owning, and operating the Ahepa 100 apartments, the organization addresses the critical need for accessible living spaces in the area. With a focus on creating a 50-unit apartment community, Ahepa 100 Inc contributes to the local economy by establishing a stable living environment, promoting community integration, and enhancing the quality of life for its residents.

The apartments, developed under the National Affordable Housing Act’s Section 202, ensure that individuals and families have affordable housing options that meet their needs. This initiative not only safeguards the wellbeing of residents but also fosters a diverse community by attracting a range of demographics, including seniors and low-income families. Ultimately, Ahepa 100 Inc strengthens the community fabric of South Bend by providing a vital service that supports housing stability and economic resilience.




This information is meant to be a general summary of Ahepa 100 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.

Revenue
$441,068 (2022)
Expenses
$471,454 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $10
  • Program Service Revenue: $436,939
  • Gross Receipts: $441,068

Assets and Liabilities:

  • Total Assets: $2,413,063
  • Total Liabilities: $56,041
  • Net Assets: $2,357,022

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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

$275,930

RENTAL INCOME

Revenue

$161,009

Organization Details

Founding Year

2001

Principal Officer

Panos Niarchos

Main Address

53871 GENERATIONS DRIVE, SOUTH BEND, IN, 46635

NTEE Category

Code: L22 - Housing

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