Overview
What is Ahepa 29 Phase Ii Inc?
Ahepa 29 Phase Ii Inc. is a nonprofit organization established in compliance with Texas's not-for-profit regulations. Its primary purpose is to construct, manage, and operate a 47-unit affordable housing community named Ahepa 29 Ii Apartments in Houston, Texas. This project aligns with Section 202 of the National Affordable Housing Act. The sponsor overseeing this initiative is Ahepa National Housing Corporation, ensuring the successful realization of this affordable housing project.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
Ahepa 29 Phase Ii Inc has received a solid Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The organization scored 87% overall, reflecting its commitment to effective financial management and transparency. Notably, the charity boasts a fully independent board, which enhances governance and oversight.
Strengths of Ahepa 29 Phase Ii Inc include a high program expense ratio of 93.92%, which suggests that the majority of its expenses are directed towards its mission-related activities. Additionally, the organization has established comprehensive policies, such as conflict of interest and whistleblower protections, which contribute to its accountability framework. The charity has demonstrated effective asset management with a low liabilities to assets ratio of 5.59%.
Despite its strengths, an overall Three-Star rating indicates there may still be areas for potential improvement. While the charity has excelled in governance practices, ongoing transparency and communication about its programs and impact could further enhance stakeholder trust and engagement. Overall, Ahepa 29 Phase Ii Inc appears to be a responsible and mission-focused organization.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa 29 Phase Ii Inc legitimate?
Ahepa 29 Phase Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 29 Phase Ii 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 29 Phase Ii Inc?
Ahepa 29 Phase II Inc., a not-for-profit corporation, was established with the goal of constructing, owning, and operating an affordable housing apartment community. The corporation's primary objective is to provide affordable housing units for individuals in need, as per the National Affordable Housing Act. Located in Houston, Texas, the corporation's project, known as Ahepa 29 II Apartments, is a 47-unit community, sponsored by Ahepa National Housing Corporation. The organization aims to contribute to the housing sector by providing affordable living spaces, thereby addressing the need for affordable housing in various communities.
Who is the CEO of Ahepa 29 Phase Ii Inc?
Konstantine D Angelo is the President of Ahepa 29 Phase Ii Inc.
What is the revenue of Ahepa 29 Phase Ii Inc?
Ahepa 29 Phase Ii Inc's revenue in 2022 was $466,004.
Who are the executives of Ahepa 29 Phase Ii Inc and what are their salaries?
There 12 volunteers at Ahepa 29 Phase Ii Inc.
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Where can I find the form 990 for Ahepa 29 Phase Ii Inc?
Ahepa 29 Phase Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 29 Phase Ii Inc
Ahepa 29 Phase II Inc, a not-for-profit corporation, was established with a mission to construct, own, and operate an affordable housing apartment community. This mission is centered around the creation and management of a 47-unit apartment complex, known as Ahepa 29 II Apartments. This initiative falls under Section 202 of the National Affordable Housing Act, which the corporation adheres to. The sponsor overseeing this project is Ahepa National Housing Corporation.
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Impact
July, 2024
Ahepa 29 Phase II Inc's impact lies in providing affordable housing solutions to the community in Houston, Texas. By constructing, owning, and operating a 47-unit apartment complex known as Ahepa 29 II Apartments, this organization addresses the crucial need for affordable housing in the area. Through its efforts, Ahepa 29 Phase II Inc contributes to improving the quality of life for individuals and families by offering a stable and secure living environment.
This information is meant to be a general summary of Ahepa 29 Phase Ii 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: $63
- Program Service Revenue: $464,757
- Gross Receipts: $466,004
Assets and Liabilities:
- Total Assets: $1,942,837
- Total Liabilities: $31,328
- Net Assets: $1,911,509
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$464,757
Organization Details
Founding Year
1995
Phone
(281) 495-9977Principal Officer
Konstantine D Angelo
Main Address
13830 CANYON HILL, HOUSTON, TX, 77083
NTEE Category
Code: L22 - Housing
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