Overview
What is Ahepa 296 Inc?
Ahepa 296 Inc is a Florida-based, not-for-profit organization, established in compliance with the state's non-profit statutes. The primary purpose of this corporation is to construct, manage, and operate an affordable housing apartment community in Pensacola, Florida, known as Ahepa 296 Apartments. This project aligns with section 202 of the National Affordable Housing Act and is sponsored by Ahepa National Housing Corporation. Ahepa 296 Inc provides low-income housing accommodation, adhering to the guidelines set by the U.S. Department of Housing and Urban Development (HUD) under section 202.
Is Ahepa 296 Inc legitimate?
Ahepa 296 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 296 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 296 Inc?
Ahepa 296 Inc, a not-for-profit organization, was established with the purpose of constructing, owning, and operating an affordable housing apartment community. Their mission is centered around providing low-income housing, following the guidelines set by the U.S. Department of Housing and Urban Development (HUD) under Section 202 of the National Affordable Housing Act. The organization operates with the aim of making affordable housing available to those in need, contributing to the betterment of the community. The sponsor of this corporation is Ahepa National Housing Corporation.
Who is the CEO of Ahepa 296 Inc?
Joseph O'Neil Jr is the President of Ahepa 296 Inc.
What is the revenue of Ahepa 296 Inc?
Ahepa 296 Inc's revenue in 2022 was $436,765.
Who are the executives of Ahepa 296 Inc and what are their salaries?
There 9 volunteers at Ahepa 296 Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Ahepa 296 Inc?
Ahepa 296 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 296 Inc
Ahepa 296 Inc, a not-for-profit corporation, was established with the mission to construct, own, and operate an affordable housing apartment community. This mission was carried out with the intention of providing low-income housing, in accordance with Section 202 of the National Affordable Housing Act. The corporation serves as a dedicated entity to cater to this specific housing need, aiming to make affordable living a reality for its residents. The sponsor of this initiative is Ahepa National Housing Corporation, further emphasizing the organization's commitment to affordable housing.
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Impact
October, 2024
Ahepa 296 Inc significantly impacts the community by providing affordable housing solutions in Pensacola, Florida. By constructing and operating a 50-unit apartment community, Ahepa 296 Apartments addresses the critical need for low-income housing, ensuring that residents have access to safe and stable living environments. The corporation's efforts align with the goals of the national affordable housing act, particularly through its commitment under HUD Section 202, which facilitates housing opportunities for low-income individuals and families.
This initiative not only helps to combat homelessness and housing insecurity but also fosters a sense of community among residents. By creating a supportive living environment, Ahepa 296 promotes educational opportunities and strengthens social ties, ultimately enhancing the quality of life for those it serves. The establishment of such housing contributes to the overall well-being of the local community, making it a vital asset in addressing broader societal challenges related to affordable housing.
This information is meant to be a general summary of Ahepa 296 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: $434,642
- Gross Receipts: $436,765
Assets and Liabilities:
- Total Assets: $4,483,363
- Total Liabilities: $47,132
- Net Assets: $4,436,231
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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
$270,160
RENTAL INCOME
Revenue
$164,482
Organization Details
Founding Year
2004
Phone
(850) 476-5516Principal Officer
Joseph O'Neil Jr
Main Address
3835 CREIGHTON ROAD, PENSACOLA, FL, 32504
NTEE Category
Code: B90 - Education
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