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Ahepapenelope 120 Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043401165 ✦ Peabody, MA ✦ Designated as a 501(c)(3)

Overview

What is Ahepapenelope 120 Inc?

Ahepapenelope 120 Inc is a nonprofit organization with a mission to provide affordable housing for elderly individuals living on a low income. Established with the purpose of constructing, owning, and operating an apartment community, this organization aims to cater specifically to the needs of this demographic. The corporation's ultimate goal is to offer a comfortable living space to the elderly population who may struggle financially.


Is Ahepapenelope 120 Inc legitimate?

Ahepapenelope 120 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepapenelope 120 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Ahepapenelope 120 Inc?
Who is the CEO of Ahepapenelope 120 Inc?
What is the revenue of Ahepapenelope 120 Inc?
Who are the executives of Ahepapenelope 120 Inc and what are their salaries?
Where can I find the form 990 for Ahepapenelope 120 Inc?

Mission Statement of Ahepapenelope 120 Inc

Ahepapenelope 120 Inc, a nonprofit organization, was established with a mission to construct, own, and manage an affordable housing apartment community. Its primary purpose is to provide housing for low-income elderly individuals, ensuring they have a comfortable and secure living space. The organization's mission is centered around addressing the housing needs of this demographic, offering them a place to call home.

Impact

This information is meant to be a general summary of Ahepapenelope 120 Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

Ahepapenelope 120 Inc's impact lies in its commitment to providing affordable housing options for low-income elderly individuals in Peabody, MA. By constructing, owning, and operating an affordable housing apartment community, the organization significantly contributes to addressing the housing needs of this vulnerable population. Through its mission, Ahepapenelope 120 Inc ensures that elderly individuals with low incomes have access to safe and affordable housing, ultimately improving their quality of life and overall well-being.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $20
  • Program Service Revenue: $509,777
  • Gross Receipts: $509,986

    • Assets and Liabilities:
  • Total Assets: $3,287,106
  • Total Liabilities: $739,727
  • Net Assets: $2,547,379
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    TENANT ASSISTANCE HUD

    Revenue

    $287,978

    RENTAL INCOME

    Revenue

    $221,799

    Organization Details

    Founding Year

    1998

    Principal Officer

    Alexis Zarkades

    Main Address

    98 CENTRAL STREET, PEABODY, MA, 01960

    NTEE Category

    Code: L22Z - Housing

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