Overview
What is Alpha Arms Inc?
Alpha Arms Inc, based in Matthews, North Carolina, is a nonprofit organization with a mission to provide safe, sanitary, and affordable housing for very low-income individuals and families. They accomplish this by operating a 104-unit apartment community, ensuring that those in need have access to secure and comfortable living spaces. This commitment to affordable housing is a key aspect of Alpha Arms Inc's activities and mission, aiming to make a significant impact on the lives of its residents.
Is Alpha Arms Inc legitimate?
Alpha Arms Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Alpha Arms 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 Alpha Arms Inc?
Alpha Arms Inc is dedicated to providing a solution for individuals and families with very low income, focusing on housing needs. Their mission is to ensure the availability of safe, sanitary, and affordable housing. They accomplish this by managing a 104-unit apartment community, offering a place to reside that is within their financial means. By prioritizing the provision of such housing, Alpha Arms Inc aims to contribute positively to the lives of those in need, promoting a sense of security and stability.
What is the revenue of Alpha Arms Inc?
Alpha Arms Inc's revenue in 2024 was $839,431.
Who are the executives of Alpha Arms Inc and what are their salaries?
There 10 volunteers at Alpha Arms Inc.
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Where can I find the form 990 for Alpha Arms Inc?
Alpha Arms Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Alpha Arms Inc
Alpha Arms Inc, as a nonprofit organization, is dedicated to providing a solution for individuals and families with limited income. Their mission is centered around offering safe, hygienic, and economical housing options. Specifically, Alpha Arms Inc operates a 104-unit apartment community, aiming to cater to this need by providing affordable housing solutions. This commitment to providing a secure and clean living environment for those who are financially disadvantaged is the core focus of Alpha Arms Inc's mission.
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Impact
October, 2024
Alpha Arms Inc plays a crucial role in addressing the housing crisis for very low-income individuals and families in Matthews, NC. By operating a 104-unit apartment community, the organization ensures that safe, sanitary, and affordable housing options are available to those in need. This initiative not only provides essential shelter but also fosters stability and security for residents, allowing them to focus on improving their lives without the constant worry of housing instability. The impact of Alpha Arms Inc extends beyond just providing physical homes; it promotes community well-being and supports the dignity of low-income families by offering them a chance to thrive in a secure environment.
This information is meant to be a general summary of Alpha Arms 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 2024.
- Investment Income: $187
- Program Service Revenue: $221,680
- Gross Receipts: $839,431
Assets and Liabilities:
- Total Assets: $4,695,512
- Total Liabilities: $6,292,490
- Net Assets: -$1,596,978
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$213,558
LAUNDRY AND VENDING RE
Revenue
$5,593
TENANT CHARGES
Revenue
$2,529
Organization Details
Founding Year
1973
Principal Officer
Rashad Hinnant
NTEE Category
Code: L21 - Housing
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