Overview
What is Ahepa 310-Iii Inc?
Ahepa 310-III Inc is a nonprofit organization established with the mission to construct, own, and manage an affordable housing apartment community in Mobile, Alabama. Their primary objective is to provide living spaces for low-income individuals, upholding the organization's mission to contribute positively to their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star rating.
Ahepa 310-Iii Inc has received a solid rating of 75%, which indicates that the organization meets a good standard of accountability and financial health. The charity enjoys a perfect score for having an entirely independent board, along with robust oversight measures including an audit and oversight committee, which contributes positively to its overall financial governance.
One of the standout aspects of Ahepa 310-Iii Inc is its high program expense ratio of 91.80%, meaning that a significant majority of its expenses are directed towards its programs rather than administrative costs. This demonstrates a strong commitment to maximizing the impact of donations received, which is a favorable sign for potential donors.
While the organization has many strengths, the overall rating of three stars suggests there is still room for improvement in areas that may not have been specifically highlighted in the data. However, with established policies for conflict of interest and whistleblowing, Ahepa 310-Iii Inc appears committed to maintaining transparency and ethical practices.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa 310-Iii Inc legitimate?
Ahepa 310-Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 310-Iii 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.
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What is the mission statement of Ahepa 310-Iii Inc?
Ahepa 310-III Inc was established with the purpose of constructing, owning, and managing an affordable housing apartment community. The corporation's primary mission is to provide affordable housing options for individuals with limited income. Located in Mobile, AL, Ahepa 310-III Inc fulfills its mission by constructing and operating an affordable housing apartment community, thereby contributing to the housing needs of the community it serves. The organization's commitment to affordable housing aims to enhance the living standards of its residents by offering them a comfortable and affordable place to call home.
Who is the CEO of Ahepa 310-Iii Inc?
Christ Coumanis is the President of Ahepa 310-Iii Inc.
What is the revenue of Ahepa 310-Iii Inc?
Ahepa 310-Iii Inc's revenue in 2022 was $572,683.
Who are the executives of Ahepa 310-Iii Inc and what are their salaries?
There 12 volunteers at Ahepa 310-Iii Inc.
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Where can I find the form 990 for Ahepa 310-Iii Inc?
Ahepa 310-Iii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 310-Iii Inc
Ahepa 310-III Inc was established with a primary objective: to construct, own, and manage an affordable housing apartment community. This mission is geared towards providing affordable living options for individuals with limited income. The organization's work in this area plays a significant role in addressing housing needs in the community, thereby contributing to a more equitable living environment.
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Impact
July, 2024
Ahepa 310-Iii Inc's impact lies in providing essential affordable housing options to low-income individuals in Mobile, AL. By organizing, constructing, and operating an affordable housing apartment community, this organization directly addresses the pressing need for housing accessibility in the area. Through its mission, Ahepa 310-iii plays a crucial role in supporting the community's most vulnerable members, ensuring they have a safe and stable place to call home.
This information is meant to be a general summary of Ahepa 310-Iii 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: $97
- Program Service Revenue: $570,861
- Gross Receipts: $572,683
Assets and Liabilities:
- Total Assets: $1,017,445
- Total Liabilities: $1,618,448
- Net Assets: -$601,003
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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
$399,656
RENTAL INCOME
Revenue
$171,205
Organization Details
Founding Year
2002
Phone
(251) 928-7352Principal Officer
Christ Coumanis
Main Address
2550 HILLCREST ROAD NO C-1, MOBILE, AL, 36695
NTEE Category
Code: L22Z - Housing
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