Overview
What is Ahepa 310-Vi Inc?
Ahepa 310-Vi Inc is a nonprofit organization with a mission to construct, own, and operate an affordable housing apartment community in Mobile, Alabama. Their primary objective is to provide housing solutions for low-income individuals, aiming to enhance living standards and promote community growth. The corporation's activities are focused on this affordable housing project, demonstrating a commitment to social welfare and affordable housing initiatives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating.
Ahepa 310-Vi Inc has demonstrated a strong commitment to accountability and financial health, as reflected in its impressive 90% score from Charity Navigator, earning it a Four-Star rating. The organization excels in governance, boasting a fully independent board of 16 members, which indicates a robust oversight structure. Additionally, their financial statements undergo thorough audits, and they have a clear conflict of interest policy in place.
The nonprofit has effectively managed its resources, with a program expense ratio of 90.04%, indicating that a significant portion of its budget is allocated directly to programs rather than administrative costs. This strong financial management is further evidenced by a low liabilities to assets ratio of 3.25%, showcasing prudent fiscal practices and stability.
Despite the positive indicators, the summary does not provide details on specific program outcomes or community impact, which are essential for assessing the full effectiveness of the nonprofit's initiatives. Overall, Ahepa 310-Vi Inc appears to be a well-run organization focused on accountability and financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Ahepa 310-Vi Inc legitimate?
Ahepa 310-Vi Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 310-Vi 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.
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What is the mission statement of Ahepa 310-Vi Inc?
Ahepa 310-Vi Inc was established with the mission to construct, manage, and operate an affordable housing apartment community. This organization is dedicated to providing living spaces for individuals with limited income. Its primary activity revolves around the development and operation of affordable housing facilities.
Who is the CEO of Ahepa 310-Vi Inc?
Christ Coumanis is the President of Ahepa 310-Vi Inc.
What is the revenue of Ahepa 310-Vi Inc?
Ahepa 310-Vi Inc's revenue in 2022 was $556,139.
Who are the executives of Ahepa 310-Vi Inc and what are their salaries?
There 12 volunteers at Ahepa 310-Vi Inc.
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Where can I find the form 990 for Ahepa 310-Vi Inc?
Ahepa 310-Vi Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ahepa 310-Vi Inc
Ahepa 310-Vi Inc, as an organization, was established with a mission to construct, own, and operate an affordable housing apartment community. This mission is geared towards providing a living solution for individuals with limited income, ensuring they have access to a comfortable and secure residential space. By undertaking this project, Ahepa 310-Vi Inc is contributing to the broader goal of addressing housing inequalities and promoting social equity.
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Impact
July, 2024
Ahepa 310-Vi Inc's impact can be seen in its initiatives to provide affordable housing to low-income individuals in Mobile, AL. By organizing the construction, ownership, and operation of an affordable housing apartment community, Ahepa 310-Vi is addressing a critical need in the community. Through its programs, the organization is helping individuals and families find stable and secure housing options, contributing to the overall well-being and stability of the community. Their focus on housing aligns with their mission to create a sustainable solution to the affordable housing crisis, making a tangible difference in the lives of those they serve.
This information is meant to be a general summary of Ahepa 310-Vi 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: $8
- Program Service Revenue: $555,815
- Gross Receipts: $556,139
Assets and Liabilities:
- Total Assets: $1,814,845
- Total Liabilities: $62,766
- Net Assets: $1,752,079
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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
$370,383
RENTAL INCOME
Revenue
$185,432
Organization Details
Founding Year
1996
Phone
(251) 665-9026Principal Officer
Christ Coumanis
Main Address
2550 HILLCREST ROAD NO C-1, MOBILE, AL, 36695
NTEE Category
Code: L20 - Housing
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