Overview
What is Ahepa 371 Ii Inc?
Ahepa 371 II Inc is a Michigan-based nonprofit corporation, established in accordance with the state's nonprofit statutes. The primary mission of this organization is to construct, own, and operate a 75-unit apartment community in Harrison Township, Michigan, named Ahepa 371 II Apartments. This initiative is carried out in compliance with Section 202 of the National Affordable Housing Act, aiming to provide affordable housing options for residents. Ahepa 371 II Inc is not just a housing provider but a community-focused organization dedicated to enhancing living standards in Harrison Township.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Stars
Ahepa 371 Ii Inc has received a solid rating of 82%, reflecting its commitment to accountability and finance. This score is derived entirely from its performance in the Accountability & Finance category, showcasing the organization's financial health and governance practices. The charity has demonstrated a high degree of transparency with a fully independent board and rigorous financial oversight.
The organization excels in several key areas, including a program expense ratio of 91.20%, indicating that a significant portion of its funds is directed toward its programs rather than administrative costs. Furthermore, it has no material diversion of assets, which highlights its reliability in managing resources. The charity’s audit and oversight committee is well-functioning, further supporting its credibility.
While the overall score is strong, the reliance on a single beacon score may limit insights into other operational aspects. Nonetheless, Ahepa 371 Ii Inc's focus on maintaining a responsible financial structure and independent governance underscores its dedication to serving its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa 371 Ii Inc legitimate?
Ahepa 371 Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 371 Ii 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 371 Ii Inc?
Ahepa 371 II Inc. is a not-for-profit corporation established in accordance with Michigan's not-for-profit statutes. Its primary mission is to construct, own, and operate a 75-unit apartment community, known as Ahepa 371 II Apartments, in compliance with Section 202 of the National Affordable Housing Act, which was amended. This initiative aims to provide affordable housing solutions. The corporation's objective is to contribute to the housing needs of the community, adhering to the principles of the National Affordable Housing Act.
Who is the CEO of Ahepa 371 Ii Inc?
John N Hatzis is the President of Ahepa 371 Ii Inc.
What is the revenue of Ahepa 371 Ii Inc?
Ahepa 371 Ii Inc's revenue in 2022 was $578,739.
Who are the executives of Ahepa 371 Ii Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Ahepa 371 Ii Inc?
Ahepa 371 Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 371 Ii Inc
Ahepa 371 II Inc is a not-for-profit corporation established in accordance with Michigan's not-for-profit statutes. Its primary mission is to construct, own, and operate a 75-unit apartment community, known as Ahepa 371 II Apartments. This endeavor is carried out under Section 202 of the National Affordable Housing Act, which has been amended. The aim of this project is to provide affordable housing, contributing to the well-being of its residents. Ahepa 371 II Inc's mission is centered around addressing the need for affordable housing, demonstrating its commitment to making a positive impact within the community.
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Impact
July, 2024
Ahepa 371 Ii Inc's impact is evident in the provision of affordable housing solutions through the construction, ownership, and operation of a 75-unit apartment community in Harrison Township, Michigan, known as Ahepa 371 II Apartments. By adhering to the guidelines of Section 202 of the National Affordable Housing Act, the organization contributes to addressing the housing needs of the community. Through its efforts, Ahepa 371 Ii Inc plays a vital role in ensuring individuals have access to suitable and affordable housing options, ultimately enhancing the quality of life for its residents.
This information is meant to be a general summary of Ahepa 371 Ii 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: $30
- Program Service Revenue: $304,486
- Gross Receipts: $578,739
Assets and Liabilities:
- Total Assets: $4,454,595
- Total Liabilities: $227,437
- Net Assets: $4,227,158
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$304,486
Organization Details
Founding Year
1999
Phone
(586) 465-8682Principal Officer
John N Hatzis
Main Address
26800 CROCKER BLVD, HARRISON TOWNSHIP, MI, 48045
NTEE Category
Code: L22 - Housing
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