Overview
What is Ahepa 29 Phase Iii Inc?
Ahepa 29 Phase III Inc. is a nonprofit organization established in compliance with Texas's not-for-profit laws. Its primary objective is to construct, manage, and operate an affordable housing apartment complex named Ahepa 29 III Apartments in Houston, Texas, adhering to Section 202 of the National Affordable Housing Act. The initiative is spearheaded by Ahepa National Housing Corporation, serving as the project's sponsor.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating.
Ahepa 29 Phase III Inc has achieved an impressive Four-Star rating, showcasing a strong performance in accountability and finance. The organization's overall score is derived entirely from its accountability and finance metrics, reflecting a commitment to transparency and responsible financial management. This rating signifies that the nonprofit operates with a high level of integrity, ensuring that donations are utilized effectively.
The organization boasts a perfect score in several key areas, including 100% independent board members and a program expense ratio of 94.41%. These figures indicate that the majority of its board members are independent, which helps to uphold the integrity of governance. Additionally, the high program expense ratio suggests that a significant portion of funds is directed toward its mission rather than administrative costs.
While the organization excels in many aspects, it is essential for potential donors to remain informed about its ongoing activities and impacts. The lack of specific program outcomes or impact metrics in the rating summary may leave some stakeholders seeking additional information on how effectively the charity is achieving its goals in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa 29 Phase Iii Inc legitimate?
Ahepa 29 Phase Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 29 Phase Iii 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 Iii Inc?
Ahepa 29 Phase III Inc. was established with a mission to construct, manage, and operate an affordable housing apartment community. This not-for-profit corporation, following the guidelines of the National Affordable Housing Act, aims to provide affordable living spaces for its residents. The corporation, sponsored by Ahepa National Housing Corporation, intends to build and maintain a 66-unit apartment complex, ensuring affordable housing opportunities for its community.
Who is the CEO of Ahepa 29 Phase Iii Inc?
Konstantine D Angelo is the President of Ahepa 29 Phase Iii Inc.
What is the revenue of Ahepa 29 Phase Iii Inc?
Ahepa 29 Phase Iii Inc's revenue in 2022 was $650,068.
Who are the executives of Ahepa 29 Phase Iii Inc and what are their salaries?
There 11 volunteers at Ahepa 29 Phase Iii Inc.
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Where can I find the form 990 for Ahepa 29 Phase Iii Inc?
Ahepa 29 Phase Iii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 29 Phase Iii Inc
Ahepa 29 Phase III Inc, a not-for-profit corporation, was established with a clear mission. This organization was organized with the intention of constructing, owning, and operating an affordable housing apartment community. The goal was to provide a viable living solution for individuals in need, adhering to the guidelines set by Section 202 of the National Affordable Housing Act, as amended. The sponsor of this project is Ahepa National Housing Corporation, which underscores the organization's commitment to affordable housing solutions.
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Impact
July, 2024
Ahepa 29 Phase III Inc's impact lies in providing affordable housing solutions to the community in Houston, Texas. By constructing, owning, and operating a 66-unit apartment community known as Ahepa 29 III Apartments, the organization addresses the critical need for accessible housing options. Through its efforts, Ahepa 29 Phase III Inc contributes to promoting stability, security, and a sense of home for individuals and families in need of affordable housing in the area.
This information is meant to be a general summary of Ahepa 29 Phase Iii 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: $34
- Program Service Revenue: $648,136
- Gross Receipts: $650,068
Assets and Liabilities:
- Total Assets: $2,660,274
- Total Liabilities: $44,450
- Net Assets: $2,615,824
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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
$477,853
RENTAL INCOME
Revenue
$170,283
Organization Details
Founding Year
1998
Phone
(281) 879-7510Principal Officer
Konstantine D Angelo
Main Address
13830 CANYON HILL, HOUSTON, TX, 77083
NTEE Category
Code: L21 - Housing
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