Overview
What is Ahi-5000 Second Avenue Inc C/O Action-Housing Inc?
Ahi-5000 Second Avenue Inc C/O Action-Housing Inc is a 501(c)(3) nonprofit organization, headquartered in Pittsburgh, Pennsylvania. Its primary mission is to offer commercial real estate space to charitable and non-profit organizations. This initiative aims to provide support services that will positively impact low-income families and individuals. By doing so, the organization contributes to the betterment of their community, exempting it from federal income taxes, as per Internal Revenue Code Section 501(c)(3).
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
Ahi-5000 Second Avenue Inc C/O Action-Housing Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The overall score is based entirely on the Accountability & Finance beacon, which signifies that the charity meets basic expectations in these areas but has not demonstrated exceptional performance.
One of the organization's strengths is its board governance, with 100% of board members being independent, which enhances transparency and decision-making. Additionally, the charity shows no material diversion of assets and maintains a strong liabilities-to-assets ratio of 23.73%. The program expense ratio is also impressive, reflecting a commitment to directing funds toward its mission.
However, the overall score of 73% suggests that while the organization is fundamentally sound in governance and finance, there may be areas for improvement in overall operational efficiency or program impact that could elevate its rating. Users interested in supporting this nonprofit should consider these factors while assessing its effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Ahi-5000 Second Avenue Inc C/O Action-Housing Inc legitimate?
Ahi-5000 Second Avenue Inc C/O Action-Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahi-5000 Second Avenue Inc C/O Action-Housing 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 Ahi-5000 Second Avenue Inc C/O Action-Housing Inc?
Ahi-5000 Second Avenue Inc, a not-for-profit organization under Section 501(C)(3) of the Internal Revenue Code, is established with the primary mission of offering commercial real estate space to non-profit and charitable organizations. These organizations, in turn, provide support services intended to benefit families and individuals with low, moderate, and very low income levels. By exempting itself from federal income taxes under Section 501(C)(3), Ahi-5000 Second Avenue Inc contributes to the betterment of these communities, fostering a supportive environment through its real estate endeavors.
Who is the CEO of Ahi-5000 Second Avenue Inc C/O Action-Housing Inc?
Lawrence A Swanson is the President of Ahi-5000 Second Avenue Inc C/O Action-Housing Inc.
What is the revenue of Ahi-5000 Second Avenue Inc C/O Action-Housing Inc?
Ahi-5000 Second Avenue Inc C/O Action-Housing Inc's revenue in 2021 was $98,785.
Who are the executives of Ahi-5000 Second Avenue Inc C/O Action-Housing Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Ahi-5000 Second Avenue Inc C/O Action-Housing Inc?
Ahi-5000 Second Avenue Inc C/O Action-Housing Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Ahi-5000 Second Avenue Inc C/O Action-Housing Inc
Ahi-5000 Second Avenue Inc, a not-for-profit organization under Section 501(C)(3) of the Internal Revenue Code, is chartered with a mission to support the community. This organization is exempt from federal income taxes with a primary focus on providing commercial real estate space to various non-profit and charitable organizations. These organizations, in turn, offer services that benefit low-income families and individuals. By doing so, Ahi-5000 Second Avenue Inc contributes to the betterment of its community, providing a platform for organizations to carry out their charitable work and support those in need.
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Impact
October, 2024
Ahi-5000 Second Avenue Inc C/O Action-Housing Inc significantly impacts the community in Pittsburgh, PA, by developing and providing access to commercial real estate space specifically tailored for non-profit and charitable organizations. This development is aimed at enhancing the support services available to very low, low, and moderate-income families and individuals.
By facilitating a collaborative environment where various support services can thrive, this initiative helps to strengthen the social safety net for vulnerable populations in the area. The organizations that utilize these spaces can offer essential services—such as housing assistance, job training, health care, and financial counseling—thereby improving the overall quality of life for residents in the community.
Moreover, the focus on serving low- and moderate-income groups ensures that critical resources are available to those who may have the greatest need, fostering greater economic stability and opportunity. This project not only alleviates immediate housing and support needs but also contributes to long-term community development and resilience.
This information is meant to be a general summary of Ahi-5000 Second Avenue Inc C/O Action-Housing 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 2021.
- Program Service Revenue: $98,785
- Gross Receipts: $98,785
Assets and Liabilities:
- Total Assets: $1,919,911
- Total Liabilities: $455,683
- Net Assets: $1,464,228
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMMERCIAL RENTAL
Revenue
$98,785
Organization Details
Founding Year
2013
Phone
(412) 281-2102Principal Officer
Lawrence A Swanson
Main Address
611 WILLIAM PENN PLACE 800, PITTSBURGH, PA, 152191838
NTEE Category
Code: L21 - Housing
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