Overview
What is St Lucas Riverside Apartments Inc C/O Ahepa Management?
St. Lucas Riverside Apartments Inc., managed by Ahepa Management, is a nonprofit corporation established in Minnesota. Its primary purpose is to construct, own, and operate an affordable housing complex named St. Lucas Riverside Apartments. This 30-unit community is situated in Faribault, Minnesota, and its operation is in compliance with the National Affordable Housing Act. The corporation's mission is to provide affordable housing options for low-income individuals, contributing to the betterment of local housing needs.
Is St Lucas Riverside Apartments Inc C/O Ahepa Management legitimate?
St Lucas Riverside Apartments Inc C/O Ahepa Management is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Lucas Riverside Apartments Inc C/O Ahepa Management 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
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What is the mission statement of St Lucas Riverside Apartments Inc C/O Ahepa Management?
St. Lucas Riverside Apartments Inc., under the management of Ahepa, was established with the mission to construct, own, and operate an affordable housing apartment community. This initiative aims to provide housing solutions for individuals with low income, contributing to the broader goal of promoting affordable living opportunities. The corporation's activities are centered around the operation of a specific 30-unit apartment community, which adheres to the guidelines set by the National Affordable Housing Act.
Who is the CEO of St Lucas Riverside Apartments Inc C/O Ahepa Management?
Christopher Marks is the President of St Lucas Riverside Apartments Inc C/O Ahepa Management.
What is the revenue of St Lucas Riverside Apartments Inc C/O Ahepa Management?
St Lucas Riverside Apartments Inc C/O Ahepa Management's revenue in 2022 was $272,644.
Who are the executives of St Lucas Riverside Apartments Inc C/O Ahepa Management and what are their salaries?
There 5 volunteers at St Lucas Riverside Apartments Inc C/O Ahepa Management.
Here are 5 key members and their salaries:
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Where can I find the form 990 for St Lucas Riverside Apartments Inc C/O Ahepa Management?
St Lucas Riverside Apartments Inc C/O Ahepa Management's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Lucas Riverside Apartments Inc C/O Ahepa Management
St. Lucas Riverside Apartments Inc., under the management of Ahepa, was established with a mission to construct, own, and operate an affordable housing apartment community. This mission is centered around providing suitable living spaces for individuals with low income. The corporation, in accordance with the not-for-profit statutes of Minnesota, aims to create a 30-unit community that adheres to the guidelines set by the National Affordable Housing Act. By doing so, St. Lucas Riverside Apartments Inc. contributes to the housing needs of a section of society that often finds it challenging to secure affordable accommodation. The organization's mission is a significant step towards ensuring that everyone, regardless of their financial status, has access to decent housing, thereby contributing to a more equitable society.
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Impact
October, 2024
St. Lucas Riverside Apartments Inc. C/O Ahepa Management plays a significant role in providing affordable housing solutions, particularly in Faribault, Minnesota. By owning and operating a 30-unit apartment community, it addresses the critical need for low-income housing in the area. The organization is dedicated to creating a stable living environment for individuals and families who might otherwise struggle to find affordable options.
This initiative not only offers shelter but also fosters community development by ensuring that residents have access to a safe and supportive living environment. The presence of affordable housing contributes to the overall economic health of the community by enabling residents to allocate their resources toward other essential needs, such as education and healthcare.
Moreover, by adhering to the guidelines of the National Affordable Housing Act, St. Lucas Riverside Apartments aligns with broader efforts to enhance housing accessibility and mitigate homelessness. Through its commitment to affordable housing, St. Lucas Riverside Apartments Inc. serves as a crucial support system for vulnerable populations, helping to uplift individuals and strengthen the community fabric.
This information is meant to be a general summary of St Lucas Riverside Apartments Inc C/O Ahepa Management. 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.
- Program Service Revenue: $260,982
- Gross Receipts: $272,644
Assets and Liabilities:
- Total Assets: $2,018,161
- Total Liabilities: $2,707,478
- Net Assets: -$689,317
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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
$188,775
RENTAL INCOME
Revenue
$72,207
Organization Details
Founding Year
1990
Phone
(507) 334-7848Principal Officer
Christopher Marks
Main Address
10706 SKY PRAIRIE ST, FISHERS, IN, 46038
NTEE Category
Code: L21 - Housing
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