Overview
What is Ahepa 489 Apartments Inc?
Ahepa 489 Apartments Inc is a nonprofit organization with a mission to construct, own, and manage an affordable housing apartment community. This community is specifically designed to cater to the needs of low-income elderly individuals, providing them with a secure and comfortable living space. The organization's primary goal is to ensure that elderly individuals with limited income have access to decent housing, thereby contributing to their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that Ahepa 489 Apartments Inc has met certain standards of accountability and transparency, but there are areas needing improvement. The organization has a strong performance in several key areas, including a perfect score for independent board members and a high program expense ratio, which suggests that a large portion of its spending goes directly to its programs.
However, the organization faces significant challenges in transparency and governance. It has received zero points for its missing website listings on tax forms, conflict of interest policy, whistleblower policy, and document retention and destruction policy. These deficiencies signal a lack of essential practices that would ensure accountability and strengthen stakeholder trust.
Despite these limitations, Ahepa 489 Apartments Inc maintains a low liabilities to assets ratio, indicating sound financial health and stability. For potential donors and beneficiaries, the organization's commitment to its mission is evident, but the noted governance gaps require attention to enhance its overall effectiveness and integrity in operations.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa 489 Apartments Inc legitimate?
Ahepa 489 Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 489 Apartments 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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What is the mission statement of Ahepa 489 Apartments Inc?
Ahepa 489 Apartments Inc was established with the mission to construct, maintain, and manage an affordable housing apartment community. Their primary objective is to cater to the housing needs of low-income elderly individuals. In essence, the corporation is dedicated to providing affordable living spaces specifically designed for the elderly, ensuring they have access to suitable and economical housing options.
Who is the CEO of Ahepa 489 Apartments Inc?
Demetrios Makris is the President of Ahepa 489 Apartments Inc.
What is the revenue of Ahepa 489 Apartments Inc?
Ahepa 489 Apartments Inc's revenue in 2022 was $465,816.
Who are the executives of Ahepa 489 Apartments Inc and what are their salaries?
There 9 volunteers at Ahepa 489 Apartments Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Ahepa 489 Apartments Inc?
Ahepa 489 Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 489 Apartments Inc
Ahepa 489 Apartments Inc was established with a mission to construct, own, and manage an affordable housing apartment community. This nonprofit organization is committed to providing a home for low-income elderly individuals, ensuring that they have a comfortable living space. By constructing and operating such a community, Ahepa 489 Apartments Inc aims to contribute to the well-being of elderly individuals who may be facing financial constraints. The organization's mission is to make a difference in the lives of its residents by offering them affordable housing options, thereby providing them with a sense of security and stability.
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Impact
July, 2024
Ahepa 489 Apartments Inc's impact is crucial in providing affordable housing options for low-income elderly individuals in New Port Richey, Florida. By constructing, owning, and operating an apartment community specifically designed for this demographic, the organization addresses a pressing need within the community. Through their mission to provide elderly low-income housing, Ahepa 489 Apartments Inc plays a vital role in enhancing the quality of life for vulnerable seniors who may struggle to find suitable and affordable accommodation. Their focus on housing aligns with the broader goal of promoting stability and well-being among elderly residents, fostering a sense of security and belonging within the community.
This information is meant to be a general summary of Ahepa 489 Apartments 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: $14
- Program Service Revenue: $464,392
- Gross Receipts: $465,816
Assets and Liabilities:
- Total Assets: $2,304,029
- Total Liabilities: $245,481
- Net Assets: $2,058,548
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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
$299,744
RENTAL INCOME
Revenue
$164,648
Organization Details
Founding Year
2001
Phone
(727) 843-0636Principal Officer
Demetrios Makris
Main Address
6625 ROWAN ROAD, NEW PORT RICHEY, FL, 34653
NTEE Category
Code: L22 - Housing
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