Overview
What is Ahi Housing Inc?
Ahi Housing Inc, based in Key West, Florida, is a nonprofit organization dedicated to fulfilling requirements set by the US Department of Housing and Urban Development, specifically for Section 811 funding. Their primary mission is to provide affordable housing for low-income individuals with disabilities. The corporation renovated an 11-unit apartment building at 1215 Catherine Street, which is funded by a grant from the US Department of Housing and Urban Development. Tenants' rents are subsidized through a PRAC Section 811 contract, ensuring that their housing expenses remain no more than 30% of their income. The organization's tenant base primarily consists of disabled individuals who receive Social Security and Disability income, and they strive to maintain their residents' health and quality of life through additional services provided by their affiliate, AH of Monroe County, Inc.
Is Ahi Housing Inc legitimate?
Ahi Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahi Housing 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 Ahi Housing Inc?
Ahi Housing Inc's mission is centered around providing housing for individuals with disabilities who have low income. The corporation owns an 11-unit apartment building, funded by a grant from the US Department of Housing and Urban Development. The tenant rents are subsidized through a Section 811 contract with PRAC. The corporation was established to comply with the requirements of the US Department of Housing and Urban Development for Section 811 funding. During the year, occupancy remained high at 99.8%, with minimal turnover. Given the high cost of housing in Key West, Florida, the need for low-income housing for disabled individuals is significant. Tenants in this housing are assured that their rent and utilities will not exceed 30% of their income, and they generally receive Social Security and Disability Income. The corporation's affiliate, AH of Monroe County, Inc., offers additional services to tenants to help them maintain their health and quality of life.
Who is the CEO of Ahi Housing Inc?
E Scott Pridgen is the President of Ahi Housing Inc.
What is the revenue of Ahi Housing Inc?
Ahi Housing Inc's revenue in 2022 was $145,075.
Who are the executives of Ahi Housing Inc and what are their salaries?
There 14 volunteers at Ahi Housing Inc.
Here are 17 key members and their salaries:
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- Related: $102,236
- Other: $10,846
Where can I find the form 990 for Ahi Housing Inc?
Ahi Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahi Housing Inc
Ahi Housing Inc, a nonprofit organization, is dedicated to providing affordable housing for individuals with disabilities. Its mission is to ensure that these individuals have access to suitable living spaces. The corporation obtained funding from the US Department of Housing and Urban Development to purchase and renovate eleven housing units. The organization's apartment building, located at 1215 Catherine Street in Key West, Florida, is subsidized through a PRAC Section 811 contract. This means that tenant rents and utilities are capped at 30% of their income, making the housing affordable for those with limited financial resources.
Most of the tenants are disabled and unable to work, relying on social security and disability income for their livelihood. To further support these individuals, Ahi Housing Inc's affiliate, AHO Monroe County Inc, provides additional services to tenants. These services aim to assist them in maintaining their health and improving their quality of life. The high cost of housing in Key West makes the need for low-income disabled housing particularly high, and Ahi Housing Inc is committed to meeting this need.
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Impact
October, 2024
Ahi Housing Inc. plays a crucial role in addressing the housing needs of low-income disabled individuals in Key West, Florida. By owning and managing an 11-unit apartment building, the organization provides stable, affordable housing options in a region where the cost of living is among the highest in the state. With a remarkable occupancy rate of 99.8% and minimal turnover, Ahi Housing ensures that its tenants have a reliable place to call home.
The organization's model guarantees that tenants' rent and utilities will only comprise 30% of their income, a critical support for individuals who are often unable to work and rely on Social Security and disability benefits. This approach not only alleviates the financial burden on tenants but also fosters a sense of security and stability in their lives.
Moreover, Ahi Housing Inc. collaborates with its affiliate, AH of Monroe County, Inc., to provide additional services aimed at enhancing tenants' health and quality of life. These services are essential in supporting residents to live independently and with dignity. By focusing on both housing and supportive services, Ahi Housing Inc. significantly contributes to the well-being and community integration of individuals with disabilities.
This information is meant to be a general summary of Ahi Housing 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: -$1,545
- Program Service Revenue: $146,620
- Gross Receipts: $146,695
Assets and Liabilities:
- Total Assets: $925,533
- Total Liabilities: $79,904
- Net Assets: $845,629
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL INCOME
Revenue
$146,620
Organization Details
Founding Year
1995
Phone
(305) 296-6196Principal Officer
E Scott Pridgen
Main Address
1434 KENNEDY DRIVE, KEY WEST, FL, 33040
NTEE Category
Code: L23Z - Housing
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