Overview
What is Ahepa 310-X Inc?
Ahepa 310-X Inc is a nonprofit organization established with the mission to develop, own, and manage an affordable housing complex in Mobile, Alabama. Their primary goal is to provide suitable living arrangements for individuals with low income levels. The corporation's purpose is clearly dedicated to enhancing the housing situation for underprivileged members of the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
Ahepa 310-X Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization scored 82%, showcasing its commitment to transparency and effective financial management. This score is primarily derived from a comprehensive accountability and finance beacon, reflecting its strong governance practices and adherence to financial oversight.
One of the strengths of Ahepa 310-X Inc is its fully independent board, which consists of all 16 members being independent, enhancing its governance structure. The organization also excels in financial statements, receiving full points for its Audit and Oversight Committee, and has demonstrated no material diversion of assets, ensuring that funds are utilized for their intended purposes. Additionally, the high program expense ratio of nearly 92% suggests that a significant portion of its resources is directed toward its mission.
However, while the overall accountability and financial score is commendable, potential donors may want to explore further details about the charity's specific programs and impact outcomes to gain a comprehensive understanding of its effectiveness in fulfilling its mission. The data provided primarily reflects financial health rather than programmatic success.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa 310-X Inc legitimate?
Ahepa 310-X Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 310-X 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 Ahepa 310-X Inc?
Ahepa 310-X Inc was established with a mission to construct, manage, and operate an affordable housing apartment community. This initiative aims to provide suitable living spaces for individuals with limited income. The corporation's primary objective is to contribute to the housing sector, ensuring affordable housing options are available to those in need. By constructing and operating such a community, Ahepa 310-X Inc plays a crucial role in addressing the housing needs of its community.
Who is the CEO of Ahepa 310-X Inc?
Christ N Coumanis is the President of Ahepa 310-X Inc.
What is the revenue of Ahepa 310-X Inc?
Ahepa 310-X Inc's revenue in 2022 was $573,499.
Who are the executives of Ahepa 310-X Inc and what are their salaries?
There 12 volunteers at Ahepa 310-X Inc.
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Where can I find the form 990 for Ahepa 310-X Inc?
Ahepa 310-X Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 310-X Inc
Ahepa 310-X Inc, a nonprofit organization, was established with a mission to construct, own, and operate an affordable housing apartment community. This mission is geared towards providing suitable living spaces for individuals with limited income. By constructing and managing affordable housing, Ahepa 310-X Inc aims to contribute positively to the community, offering a solution to the housing needs of those who might otherwise struggle to afford decent living arrangements.
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Impact
July, 2024
Ahepa 310-X Inc's impact can be seen in its commitment to providing affordable housing for low-income individuals in Mobile, AL. By constructing, owning, and operating an affordable housing apartment community, Ahepa 310-X is directly addressing the critical need for housing assistance in the area. Their efforts create a tangible impact by offering a safe and stable living environment for those who may otherwise struggle to find affordable housing options. This initiative significantly contributes to improving the quality of life for individuals facing financial hardships in Mobile, AL.
This information is meant to be a general summary of Ahepa 310-X 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: $4
- Program Service Revenue: $571,470
- Gross Receipts: $573,499
Assets and Liabilities:
- Total Assets: $2,602,101
- Total Liabilities: $53,627
- Net Assets: $2,548,474
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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
$366,641
RENTAL INCOME
Revenue
$204,829
Organization Details
Founding Year
2003
Phone
(251) 210-1095Principal Officer
Christ N Coumanis
Main Address
2550 HILLCREST ROAD NO C-1, MOBILE, AL, 36695
NTEE Category
Code: L21 - Housing
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