Overview
What is Ahepa 310-Iv Inc?
Ahepa 310-Iv Inc is a nonprofit organization situated in Mobile, Alabama, with a primary focus on providing affordable housing. Established with the intention to construct, own, and manage an apartment community, the organization aims to cater to the housing needs of individuals with low income. By offering an affordable housing solution, Ahepa 310-Iv Inc plays a significant role in enhancing the living conditions of its target community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
Ahepa 310-Iv Inc received a 75% rating from Charity Navigator, indicating a decent level of performance in terms of accountability and finance. The rating is based entirely on the accountability and finance beacon, highlighting the charity's transparency and adherence to financial practices. The organization benefits from having a fully independent board of directors, which is a positive sign for governance.
The charity excels in several areas, such as having a high program expense ratio of 92.90%, meaning a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, it has implemented robust policies regarding conflict of interest and document retention, which further enhance its accountability.
However, the organization has a notable concern with its liabilities to assets ratio, which stands at 186.24%. This could indicate potential financial stability issues, as liabilities exceed assets significantly. Overall, while Ahepa 310-Iv Inc has commendable governance practices, the financial ratio suggests that stakeholders should monitor its long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa 310-Iv Inc legitimate?
Ahepa 310-Iv Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 310-Iv 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 310-Iv Inc?
Ahepa 310-Iv Inc, as an organization, was established with the purpose of constructing, owning, and managing an affordable housing apartment community. This mission is centered around providing suitable living spaces for individuals with limited financial means. The corporation's activities are geared towards accommodating this segment of society, offering them affordable housing options. Although the specific location of this community is not provided in the information, it's clear that Ahepa 310-Iv Inc is dedicated to making housing more accessible for those in need.
Who is the CEO of Ahepa 310-Iv Inc?
Christ Coumanis is the President of Ahepa 310-Iv Inc.
What is the revenue of Ahepa 310-Iv Inc?
Ahepa 310-Iv Inc's revenue in 2022 was $564,679.
Who are the executives of Ahepa 310-Iv Inc and what are their salaries?
There 12 volunteers at Ahepa 310-Iv Inc.
Here are 12 key members and their salaries:
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Where can I find the form 990 for Ahepa 310-Iv Inc?
Ahepa 310-Iv Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 310-Iv Inc
Ahepa 310-Iv Inc, a nonprofit organization, was established with a mission to construct, own, and operate an affordable housing apartment community. This mission is centered around providing a home for individuals with limited financial means, aiming to make housing an attainable resource for all. Through its actions, Ahepa 310-Iv Inc seeks to contribute to the betterment of society by addressing one of its fundamental needs: affordable housing.
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Impact
July, 2024
Ahepa 310-Iv Inc's impact lies in providing vital housing support to low-income individuals in Mobile, Alabama. Through organizing, constructing, owning, and operating an affordable housing apartment community, this organization plays a significant role in addressing the housing needs of vulnerable populations. By offering a safe and affordable place to live, Ahepa 310-Iv Inc directly contributes to improving the quality of life for those in need in the Mobile area.
This information is meant to be a general summary of Ahepa 310-Iv 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: $100
- Program Service Revenue: $563,701
- Gross Receipts: $564,679
Assets and Liabilities:
- Total Assets: $1,123,532
- Total Liabilities: $1,982,661
- Net Assets: -$859,129
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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
$422,435
RENTAL INCOME
Revenue
$141,266
Organization Details
Founding Year
1988
Phone
(251) 679-0770Principal Officer
Christ Coumanis
Main Address
2550 HILLCREST ROAD NO C-1, MOBILE, AL, 36695
NTEE Category
Code: P50Z - Human services
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