Overview
What is Ahi Capital Gateway Inc?
Ahi Capital Gateway Inc is a nonprofit organization situated in Boston, Massachusetts, specifically at 10 High Street 501. Their primary mission is to enhance housing conditions in underserved areas and slums by acting as a financial intermediary. They connect large capital sources with local finance entities, thereby facilitating the improvement of affordable housing properties or partnerships. A key aspect of their work involves providing valuations for ownership interests in existing affordable housing properties or partnerships.
Official website here: www.affordablehousinginstitute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating. Ahi Capital Gateway Inc has achieved an impressive score of 96%, reflecting strong performance in accountability and finance. This high rating primarily comes from the organization's excellent management of financial resources, with a program expense ratio of 99.74%, indicating that nearly all funds are directed towards its programs.
The organization demonstrates a robust governance structure, with 100% independent board members and well-defined policies to prevent conflicts of interest and ensure oversight. Their financial practices are transparent, as evidenced by their audit and oversight committee and the absence of any material diversion of assets. Such practices contribute to the organization's credibility and trustworthiness.
However, while user reviews were sparse, one recent comment from a volunteer highlighted the organization's focus on helping individuals recover from online scams, which underscores its commitment to community support. Overall, Ahi Capital Gateway Inc sets a strong example of fiscal responsibility and effective governance.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Ahi Capital Gateway Inc legitimate?
Ahi Capital Gateway Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahi Capital Gateway 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
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Official website here: www.affordablehousinginstitute.org
What is the mission statement of Ahi Capital Gateway Inc?
Ahi Capital Gateway Inc is committed to improving housing conditions in slums and low-income areas. They achieve this by acting as a financial bridge between large and capital-rich sources and local finance entities. By serving as this intermediary, they aim to enhance the availability of funds for housing projects in these underserved communities. They also provide evaluations of ownership interests in existing affordable housing properties or partnerships, further aiding in the improvement of housing conditions. In essence, Ahi Capital Gateway Inc is dedicated to improving the living standards of individuals in economically disadvantaged areas by facilitating financial support for affordable housing projects.
Official website here: www.affordablehousinginstitute.org
Who is the CEO of Ahi Capital Gateway Inc?
David A Smith is the President of Ahi Capital Gateway Inc.
Official website here: www.affordablehousinginstitute.org
What is the revenue of Ahi Capital Gateway Inc?
Ahi Capital Gateway Inc's revenue in 2022 was $78,915.
Official website here: www.affordablehousinginstitute.org
Who are the executives of Ahi Capital Gateway Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.affordablehousinginstitute.org
Where can I find the form 990 for Ahi Capital Gateway Inc?
Ahi Capital Gateway Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.affordablehousinginstitute.org
Learn more at the official website: www.affordablehousinginstitute.org
Mission Statement of Ahi Capital Gateway Inc
Ahi Capital Gateway Inc is committed to promoting the enhancement of housing conditions in slums and low-income areas. Acting as a financial intermediary, it bridges the gap between large and capital-rich sources and local finance entities. This mission aims to facilitate improvements in housing for underserved communities, ultimately contributing to a more equitable living environment. The organization's primary role involves providing valuations for ownership interests in existing affordable housing properties or partnerships. By undertaking this task, Ahi Capital Gateway Inc plays a crucial role in fostering sustainable housing developments in disadvantaged neighborhoods.
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Impact
August, 2024
Ahi Capital Gateway Inc plays a crucial role in facilitating the improvement of housing in slums and low-income areas by serving as a financial gateway between large capital sources and local finance entities. By providing valuations of ownership interests in existing affordable housing properties or partnerships, Ahi Capital Gateway Inc is instrumental in promoting the development and maintenance of affordable housing options for individuals and families in need. Through their mission and activities, they contribute significantly to addressing housing challenges and making a positive impact on the quality of life for vulnerable populations.
This information is meant to be a general summary of Ahi Capital Gateway 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.
- Program Service Revenue: $78,915
- Gross Receipts: $78,915
Assets and Liabilities:
- Total Assets: $1,296,221
- Total Liabilities: $296,556
- Net Assets: $999,665
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROFESSIONAL FEES
Revenue
$78,915
Organization Details
Founding Year
2011
Phone
(617) 502-5980Principal Officer
David A Smith
Main Address
10 HIGH STREET 501, BOSTON, MA, 02110
NTEE Category
Code: L198 - Housing
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