Overview
What is Ahepa 29 Inc?
Ahepa 29 Inc is a nonprofit corporation established in compliance with Texas's not-for-profit regulations. Its primary objective is to construct, maintain, and manage an affordable housing complex named Ahepa 29 Apartments in Houston, Texas. This project aligns with Section 202 of the National Affordable Housing Act. Ahepa National Housing Corporation serves as the project sponsor, overseeing the development and operation of this community-focused initiative.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating
Ahepa 29 Inc has achieved a high score of 90%, indicating strong performance in accountability and finance. The organization boasts a fully independent board, with 100% of its members being independent, contributing to its high scores in governance. The charity's commitment to transparency is reflected in its well-documented policies, including conflict of interest and whistleblower protections.
With a program expense ratio of 94.70%, the majority of its resources are dedicated to its programs, signaling effective use of funds towards its mission. Additionally, the organization exhibits low liabilities to assets, which further suggests financial stability. Ahepa 29 Inc demonstrates rigorous oversight in its financial practices, with audit and oversight procedures in place.
Despite the positive ratings and strengths, detailed feedback from users is not available, which could provide further insights into the organization's impact and community perception. Overall, Ahepa 29 Inc's financial health and governance structure position it as a reliable nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa 29 Inc legitimate?
Ahepa 29 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 29 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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Other Salaries and Wages: $0
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What is the mission statement of Ahepa 29 Inc?
Ahepa 29 Inc., a not-for-profit corporation, was established with the primary objective of constructing, owning, and operating an affordable housing apartment community. The corporation's mission is centered around providing affordable living spaces, aiming to cater to the needs of individuals seeking such accommodations. This initiative is in line with Section 202 of the National Affordable Housing Act, as amended. The sponsor of this corporation is Ahepa National Housing Corporation.
Who is the CEO of Ahepa 29 Inc?
Konstantine D Angelo is the President of Ahepa 29 Inc.
What is the revenue of Ahepa 29 Inc?
Ahepa 29 Inc's revenue in 2022 was $539,714.
Who are the executives of Ahepa 29 Inc and what are their salaries?
There 12 volunteers at Ahepa 29 Inc.
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Where can I find the form 990 for Ahepa 29 Inc?
Ahepa 29 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 29 Inc
Ahepa 29 Inc, a not-for-profit organization, was established with a specific purpose. Its mission is centered around constructing, owning, and operating an affordable housing apartment community. This corporation, in accordance with the not-for-profit statutes of Texas, aims to provide a 54-unit apartment complex, known as Ahepa 29 Apartments, in Houston, Texas, following the guidelines set by Section 202 of the National Affordable Housing Act. The sponsor of this endeavor is Ahepa National Housing Corporation. In essence, Ahepa 29 Inc strives to contribute to the housing needs of its community by creating and managing an affordable living space.
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Impact
July, 2024
Ahepa 29 Inc's impact lies in providing affordable housing options within the community. By constructing, owning, and operating the Ahepa 29 apartments, this organization contributes to addressing the housing needs of individuals in Houston, Texas. Their focus on affordable housing aligns with the mission of creating a more accessible and inclusive living environment for residents in the area.
This information is meant to be a general summary of Ahepa 29 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: $59
- Program Service Revenue: $537,201
- Gross Receipts: $539,714
Assets and Liabilities:
- Total Assets: $1,533,527
- Total Liabilities: $40,958
- Net Assets: $1,492,569
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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
$397,878
RENTAL INCOME
Revenue
$139,323
Organization Details
Founding Year
1992
Phone
(713) 520-0263Principal Officer
Konstantine D Angelo
Main Address
13830 CANYON HILL, HOUSTON, TX, 77083
NTEE Category
Code: Z99Z - Unknown
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