Overview
What is Ahepa 310-Vii Inc?
Ahepa 310-Vii Inc is a nonprofit organization situated in Mobile, Alabama. Their primary objective is to make affordable housing accessible to individuals with limited income. Established with the purpose of constructing, owning, and managing an affordable housing apartment community, Ahepa 310-Vii Inc strives to contribute positively to the local community by offering affordable housing solutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star Rating
Ahepa 310-Vii Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The overall score is derived from a comprehensive evaluation of its operations, with a perfect score in several key areas, indicating rigorous governance and oversight practices that enhance trust among donors.
The organization boasts a fully independent board, with 100% of its members meeting the criteria for independence, which is crucial for unbiased decision-making. Additionally, Ahepa 310-Vii Inc has demonstrated excellent financial health, with a low liabilities-to-assets ratio and a program expense ratio of over 90%, signifying that a substantial portion of its funds directly supports its mission-related activities.
Despite the high marks in financial accountability, the summary does not highlight any specific programmatic impact or outcomes, which could provide further insight into the effectiveness of its initiatives. Nevertheless, the charity's strong governance and financial metrics are indicative of a well-managed organization.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa 310-Vii Inc legitimate?
Ahepa 310-Vii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 310-Vii 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.
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What is the mission statement of Ahepa 310-Vii Inc?
Ahepa 310-Vii Inc, a corporation, was established with the goal of constructing, owning, and managing an affordable housing apartment community. This mission is centered around providing a living space for individuals who fall under the low-income bracket. The organization's primary objective is to contribute to the housing sector by making affordable housing options available. They operate in a manner that prioritizes the needs of their intended residents, offering them a suitable living environment.
Who is the CEO of Ahepa 310-Vii Inc?
Christ Coumanis is the President of Ahepa 310-Vii Inc.
What is the revenue of Ahepa 310-Vii Inc?
Ahepa 310-Vii Inc's revenue in 2022 was $548,241.
Who are the executives of Ahepa 310-Vii Inc and what are their salaries?
There 12 volunteers at Ahepa 310-Vii Inc.
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Where can I find the form 990 for Ahepa 310-Vii Inc?
Ahepa 310-Vii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 310-Vii Inc
Ahepa 310-Vii Inc, a nonprofit organization, was established with a mission to construct, own, and operate an affordable housing apartment community. Their primary objective is to provide suitable living spaces for individuals with limited income. By overseeing the development and management of this affordable housing community, Ahepa 310-Vii Inc aims to contribute positively to the lives of those in need, ensuring they have access to affordable housing options.
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Impact
July, 2024
Ahepa 310-Vii Inc's impact is significant in providing housing solutions for low-income individuals in Mobile, AL. By organizing and operating an affordable housing apartment community, they directly address the pressing issue of housing affordability in the area. Through their mission to provide housing to those in need, Ahepa 310-Vii Inc plays a crucial role in supporting the well-being and stability of vulnerable populations in the community.
This information is meant to be a general summary of Ahepa 310-Vii 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: $16
- Program Service Revenue: $546,310
- Gross Receipts: $548,241
Assets and Liabilities:
- Total Assets: $2,315,615
- Total Liabilities: $59,870
- Net Assets: $2,255,745
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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
$364,177
RENTAL INCOME
Revenue
$182,133
Organization Details
Founding Year
1998
Phone
(251) 661-0371Principal Officer
Christ Coumanis
Main Address
2550 HILLCREST ROAD NO C-1, MOBILE, AL, 36695
NTEE Category
Code: L22 - Housing
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