Overview
What is Ahepa 3 Inc?
Ahepa 3 Inc is a nonprofit organization, headquartered in Hoover, Alabama, with a specific mission. Established with the intention to construct, own, and manage an affordable housing apartment community, this organization is committed to providing affordable living solutions. The precise location of this housing community within Hoover, Alabama, remains undisclosed in the provided information.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Ahepa 3 Inc has received an 82% score, translating to a Three-Star rating, which reflects a solid performance in accountability and finance metrics. The overall score is derived exclusively from its Accountability & Finance beacon, demonstrating a strong commitment to financial transparency and responsible governance.
Significant strengths include a completely independent board, which garners full points for both board composition and size, ensuring that governance is free from conflicts of interest. Additionally, the organization maintains excellent oversight with its audit committee and demonstrates a healthy financial position with a low liabilities-to-assets ratio. Program expenses are also noteworthy, with nearly 88% of funds allocated directly to programs.
There are no reported issues regarding the diversion of assets, and the organization documents its board meeting minutes, further underscoring its commitment to transparency. Overall, Ahepa 3 Inc displays effective financial management and governance but may still seek to enhance its operational metrics to improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa 3 Inc legitimate?
Ahepa 3 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 3 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Ahepa 3 Inc?
Ahepa 3 Inc was established with the mission to construct, own, and operate an affordable housing apartment community. The primary objective of this corporation is to provide affordable living spaces for individuals or families in need. This initiative aims to contribute to the housing sector by offering reasonably priced accommodations, thereby promoting social equality and accessibility. The corporation's activities are centered around the development, maintenance, and management of this affordable housing apartment community.
Who is the CEO of Ahepa 3 Inc?
Ike Gulas is the President of Ahepa 3 Inc.
What is the revenue of Ahepa 3 Inc?
Ahepa 3 Inc's revenue in 2022 was $573,280.
Who are the executives of Ahepa 3 Inc and what are their salaries?
There 7 volunteers at Ahepa 3 Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Ahepa 3 Inc?
Ahepa 3 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 3 Inc
Ahepa 3 Inc, a nonprofit organization, was established with a mission to construct, own, and operate an affordable housing apartment community. This mission lies at the heart of Ahepa 3 Inc's operations, aiming to provide affordable living spaces for individuals and families in need. The corporation's primary focus is on building and managing a community that caters to the housing needs of its residents, ensuring affordability and accessibility for all. By constructing and operating an affordable housing apartment community, Ahepa 3 Inc contributes to the betterment of its community, providing a stable and secure living environment for its residents.
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Impact
July, 2024
Ahepa 3 Inc's impact lies in creating an affordable housing apartment community in Hoover, AL. By providing this housing option, Ahepa 3 Inc directly addresses the critical need for affordable housing in the area. This initiative positively influences the lives of individuals and families by offering a stable and secure living environment at an affordable cost. Through their work, Ahepa 3 Inc contributes to the overall well-being and quality of life for the community members in need of such housing options.
This information is meant to be a general summary of Ahepa 3 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: $35
- Program Service Revenue: $572,516
- Gross Receipts: $573,280
Assets and Liabilities:
- Total Assets: $2,744,109
- Total Liabilities: $51,629
- Net Assets: $2,692,480
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$353,685
RENTAL REVENUE
Revenue
$218,831
Organization Details
Founding Year
2004
Phone
(205) 978-2157Principal Officer
Ike Gulas
Main Address
3320 OLD COLUMBIANA ROAD, HOOVER, AL, 35226
NTEE Category
Code: L20 - Housing
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