Overview
What is Ahepa 23-Iii Inc?
Ahepa 23-Iii Inc is a nonprofit organization established under the guidelines of Alabama's not-for-profit statutes. Their primary mission is to construct, own, and manage an affordable housing apartment complex named Ahepa 23 Phase III Apartments in Montgomery, Alabama. This initiative falls under Section 202 of the National Affordable Housing Act. Ahepa National Housing Corporation serves as the sponsor for this project, aiming to provide affordable housing solutions within the community.
Is Ahepa 23-Iii Inc legitimate?
Ahepa 23-Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 23-Iii 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 23-Iii Inc?
Ahepa 23-Iii Inc., a not-for-profit organization, was established with the mission to construct, own, and operate an affordable housing apartment community. The corporation's primary objective is to provide affordable housing solutions, as evidenced by its plan to develop a 24-unit apartment complex. This initiative aligns with Section 202 of the National Affordable Housing Act, demonstrating the organization's commitment to making housing accessible for those in need. The sponsor of this project is Ahepa National Housing Corporation.
What is the revenue of Ahepa 23-Iii Inc?
Ahepa 23-Iii Inc's revenue in 2024 was $296,503.
Who are the executives of Ahepa 23-Iii Inc and what are their salaries?
There 13 volunteers at Ahepa 23-Iii Inc.
Here are 13 key members and their salaries:
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Where can I find the form 990 for Ahepa 23-Iii Inc?
Ahepa 23-Iii Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Ahepa 23-Iii Inc
Ahepa 23-III Inc, a not-for-profit organization, was established with a mission to construct, own, and operate an affordable housing apartment community. This mission is carried out in a concrete manner through the development of a 24-unit apartment complex known as Ahepa 23 Phase III Apartments. The organization operates under Section 202 of the National Affordable Housing Act, aiming to provide affordable housing solutions to its community. The sponsor of this initiative is Ahepa National Housing Corporation.
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Impact
October, 2024
Ahepa 23-Iii Inc significantly contributes to the community by providing affordable housing solutions in Montgomery, Alabama. By constructing and operating a 24-unit apartment community known as Ahepa 23 Phase III Apartments, it addresses the pressing need for affordable living options. This initiative not only enhances the quality of life for residents but also fosters community stability and inclusivity.
The focus on affordable housing enables individuals and families with varying income levels to access safe and decent living conditions, contributing to the overall wellbeing of the community. By aligning with the National Affordable Housing Act, Ahepa 23-Iii Inc plays a vital role in enhancing housing opportunities, promoting economic diversity, and supporting community growth in the area.
This information is meant to be a general summary of Ahepa 23-Iii 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 2024.
- Investment Income: $741
- Program Service Revenue: $295,545
- Gross Receipts: $296,503
Assets and Liabilities:
- Total Assets: $1,232,839
- Total Liabilities: $86,930
- Net Assets: $1,145,909
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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
$227,775
RENTAL INCOME
Revenue
$67,770
Organization Details
Founding Year
2000
Principal Officer
Theodore Gulas
NTEE Category
Code: L21 - Housing
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