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Ahepa 410 Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 593699587 ✦ Daytona beach, FL ✦ Designated as a 501(c)(3)

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Overview

What is Ahepa 410 Inc?

Ahepa 410 Inc is a nonprofit organization with a mission to construct, own, and manage an affordable housing apartment community specifically designed for the elderly. Their primary aim is to provide low-income housing for this demographic, ensuring they have access to secure and comfortable living arrangements. This commitment to social welfare is essential in addressing the housing needs of the elderly, a vulnerable population.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 82% (Three-Star out of Four Star rating)

Ahepa 410 Inc has received a Three-Star rating from Charity Navigator, reflecting an 82% score that highlights its strong accountability and financial management. The rating indicates a robust commitment to financial transparency, with all board members being independent and a complete audit and oversight of financial statements. The organization demonstrates sound fiscal health, with a low liabilities to assets ratio and a high program expense ratio, which suggests that a significant portion of its expenses is directed towards its mission.

The charity's performance in accountability is particularly commendable, as it scored full points in areas such as the documentation of board meeting minutes and the absence of material diversion of assets. This level of oversight and governance indicates that Ahepa 410 Inc operates with a high degree of integrity, which is essential for maintaining donor trust and effective stewardship of resources.

However, while the charity excels in financial accountability, the single beacon score means that there are no additional ratings or insights on other aspects of its operations, such as program effectiveness or community impact. This limitation could provide a more comprehensive view of the organization's overall performance and success in fulfilling its mission.


This AI summary has been generated from information found on Charity Navigator.

Is Ahepa 410 Inc legitimate?

Ahepa 410 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 410 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

For more financial information, click here

What is the mission statement of Ahepa 410 Inc?

Ahepa 410 Inc was established with the purpose of constructing, owning, and operating an affordable housing apartment community. This mission aims to cater specifically to the needs of the elderly population, providing them with affordable housing options. The organization's goal is to offer a living space that is within the financial reach of low-income elderly individuals.

Who is the CEO of Ahepa 410 Inc?

Steve Photiades is the President of Ahepa 410 Inc.

What is the revenue of Ahepa 410 Inc?

Ahepa 410 Inc's revenue in 2023 was $618,715.

Who are the executives of Ahepa 410 Inc and what are their salaries?

There 7 volunteers at Ahepa 410 Inc.


Here are 7 key members and their salaries:


Steve Photiades (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Demetrios Makris (Vice-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Klonaris (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Condorodis (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Spiros Kostarides (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Pavlakos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Symeonides (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Ahepa 410 Inc?

Ahepa 410 Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Ahepa 410 Inc

Ahepa 410 Inc, a nonprofit organization, was established with a mission to construct, own, and manage an affordable housing apartment community. Its primary goal is to provide low-income housing, specifically for the elderly population. The organization's mission is centered around addressing the housing needs of this vulnerable group, ensuring they have access to affordable and suitable living spaces.

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Impact




July, 2024

Ahepa 410 Inc's impact lies in providing affordable housing solutions for low-income elderly individuals in Daytona Beach, FL. By owning and operating an affordable housing apartment community, Ahepa 410 Inc contributes to addressing the housing needs of this vulnerable demographic. This initiative helps improve the quality of life for the elderly residents by offering safe and affordable housing options. Through its mission of constructing and managing affordable housing units, Ahepa 410 Inc plays a crucial role in supporting the well-being and security of the local elderly population.




This information is meant to be a general summary of Ahepa 410 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.

Revenue
$618,715 (2023)
Expenses
$708,301 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1,285
  • Program Service Revenue: $613,179
  • Gross Receipts: $618,715

Assets and Liabilities:

  • Total Assets: $3,232,351
  • Total Liabilities: $158,037
  • Net Assets: $3,074,314

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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

$371,754

RENTAL INCOME

Revenue

$241,425

Organization Details

Founding Year

2000

Principal Officer

Steve Photiades

Main Address

575 NORTH WILLIAMSON BLVD, DAYTONA BEACH, FL, 32114

NTEE Category

Code: L21 - Housing

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