Overview
What is Ahepa No 23--Phase Ii Inc?
Ahepa No 23--Phase II Inc. is a not-for-profit corporation established in compliance with Alabama's non-profit statutes. Its primary objective is to develop, manage, and operate an affordable housing apartment community in Montgomery, Alabama, named Ahepa 23 Phase II Apartments. This community is built under Section 202 of the National Affordable Housing Act, aimed at providing affordable housing solutions for its residents. The initiative is spearheaded by Ahepa National Housing Corporation as its sponsor.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Ahepa No 23--Phase Ii Inc has received an 82% rating from Charity Navigator, indicating a solid level of accountability and financial health. The rating is based entirely on a single beacon score focused on Accountability & Finance, where the organization demonstrated effective governance and transparency.
The organization boasts a fully independent board with 100% independent members, and it has a strong financial oversight structure. It has achieved high scores in critical areas, such as having no material diversion of assets and maintaining a low liabilities-to-assets ratio of 9.73%. Furthermore, 91.60% of its expenses are allocated to programs, showcasing a commitment to its mission.
While the overall rating highlights these strengths, the focus solely on financial metrics may limit insights into program effectiveness or impact. However, the strong financial practices suggest that Ahepa No 23--Phase Ii Inc is well-managed and likely able to fulfill its charitable goals effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa No 23--Phase Ii Inc legitimate?
Ahepa No 23--Phase Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa No 23--Phase Ii 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 No 23--Phase Ii Inc?
Ahepa No 23--Phase II Inc was established with the mission to construct, own, and manage an affordable housing apartment community. The corporation's primary objective is to provide affordable living spaces for individuals, fulfilling the requirements set by the National Affordable Housing Act. The organization, led by Ahepa National Housing Corporation as its sponsor, aims to construct and manage a 71-unit apartment complex. The ultimate goal is to contribute to the housing needs of the community by providing affordable housing options.
Who is the CEO of Ahepa No 23--Phase Ii Inc?
Theodore Gulas is the President of Ahepa No 23--Phase Ii Inc.
What is the revenue of Ahepa No 23--Phase Ii Inc?
Ahepa No 23--Phase Ii Inc's revenue in 2022 was $506,127.
Who are the executives of Ahepa No 23--Phase Ii Inc and what are their salaries?
There 13 volunteers at Ahepa No 23--Phase Ii Inc.
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Where can I find the form 990 for Ahepa No 23--Phase Ii Inc?
Ahepa No 23--Phase Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa No 23--Phase Ii Inc
Ahepa No 23--Phase II Inc, a not-for-profit organization, was established with a clear mission. This mission involves constructing, owning, and operating an affordable housing apartment community. The corporation's primary objective is to provide a 71-unit apartment complex, known as Ahepa 23 Phase II Apartments, to cater to the housing needs of individuals seeking affordable living options. The sponsor of this project is Ahepa National Housing Corporation, ensuring the successful implementation of this mission.
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Impact
July, 2024
Ahepa No 23--Phase Ii Inc's impact is evident in its provision of affordable housing solutions to the community in Montgomery, Alabama. By constructing, owning, and operating a 71-unit apartment community known as Ahepa 23 Phase II Apartments, the organization addresses the housing needs of individuals and families in need. This initiative not only provides a tangible benefit by offering affordable housing options but also contributes to the overall well-being and stability of the community.
This information is meant to be a general summary of Ahepa No 23--Phase Ii 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: $15
- Program Service Revenue: $504,453
- Gross Receipts: $506,127
Assets and Liabilities:
- Total Assets: $1,961,025
- Total Liabilities: $155,534
- Net Assets: $1,805,491
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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
$326,541
RENTAL INCOME
Revenue
$177,912
Organization Details
Founding Year
2004
Phone
(334) 274-0076Principal Officer
Theodore Gulas
Main Address
285 SYLVEST DR, MONTGOMERY, AL, 36117
NTEE Category
Code: P74 - Human services
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