Overview
What is Ahepa One Inc?
Ahepa One Inc is a nonprofit organization, established with the primary goal of constructing, owning, and operating an affordable housing apartment community. This community is specifically designed to cater to the needs of the elderly, providing them with affordable housing options. The mission of Ahepa One Inc is to offer low-income housing solutions for this demographic, contributing to their overall well-being and providing them with a suitable living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating
Ahepa One Inc has received a solid Three-Star rating from Charity Navigator, indicating a good level of accountability and financial oversight. The rating is based entirely on its Accountability & Finance score, which stands at 82%. The organization has demonstrated strong performance in key areas such as independent board governance and financial management, achieving full marks in several categories, including having a majority of independent board members and maintaining a low liabilities to assets ratio.
The transparency of Ahepa One Inc is also commendable, as the organization documents board meeting minutes and has established an audit and oversight committee. Furthermore, a significant portion of its expenses—85.78%—is allocated to program expenses, reflecting a commitment to its mission and effective utilization of funds. This focus on programmatic investment underlines the organization’s dedication to its beneficiaries.
While the overall rating is positive, the reliance on a single beacon score may limit broader assessments of the charity's impacts and outreach. However, the strong financial practices and governance structures in place suggest that Ahepa One Inc is effectively managing its resources and fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa One Inc legitimate?
Ahepa One Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa One 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 One Inc?
Ahepa One Inc was established with the purpose of constructing, owning, and operating an affordable housing apartment community. Their primary mission is to provide low-income housing opportunities, specifically focusing on the elderly population. The corporation aims to contribute to the well-being of this demographic by offering them affordable living spaces.
Who is the CEO of Ahepa One Inc?
Peter Nassos is the President of Ahepa One Inc.
What is the revenue of Ahepa One Inc?
Ahepa One Inc's revenue in 2022 was $618,174.
Who are the executives of Ahepa One Inc and what are their salaries?
There 10 volunteers at Ahepa One Inc.
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Where can I find the form 990 for Ahepa One Inc?
Ahepa One Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa One Inc
Ahepa One Inc, a nonprofit organization, was established with a clear mission. Its primary objective was to construct, own, and manage an affordable housing apartment community. This initiative aimed to provide a living space for low-income individuals, specifically the elderly. By offering affordable housing, Ahepa One Inc sought to contribute positively to the community, ensuring that elderly individuals have a secure and comfortable place to reside.
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Impact
July, 2024
Ahepa One Inc's impact lies in its commitment to providing affordable housing for low-income elderly individuals. By constructing, owning, and operating an affordable housing apartment community in Decatur, GA, this organization offers a vital resource for elderly individuals who may struggle to find suitable housing options within their budget constraints. Ahepa One Inc's mission to support the elderly with low-income housing directly improves the quality of life for this vulnerable demographic, ensuring they have a safe and affordable place to call home.
This information is meant to be a general summary of Ahepa One 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: $38
- Program Service Revenue: $615,245
- Gross Receipts: $618,174
Assets and Liabilities:
- Total Assets: $2,960,025
- Total Liabilities: $60,359
- Net Assets: $2,899,666
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT SERVICE HUD
Revenue
$462,728
RENTAL INCOME
Revenue
$152,517
Organization Details
Founding Year
1995
Phone
(404) 315-6800Principal Officer
Peter Nassos
Main Address
2025 LUDOVIE LANE, DECATUR, GA, 30033
NTEE Category
Code: L210 - Housing
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