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Ahepa 245 Inc

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

EIN: 222778822 ✦ Newport, RI ✦ Designated as a 501(c)(3)

Overview

What is Ahepa 245 Inc?

Ahepa 245 Inc is a nonprofit organization dedicated to addressing the housing needs of elderly individuals with limited income. Established with the mission to construct, own, and manage an affordable housing apartment community, their primary focus is on providing a living space for the elderly who are financially disadvantaged. This initiative aims to alleviate housing hardships for this specific demographic, ensuring they can live comfortably and with dignity.


Is Ahepa 245 Inc legitimate?

Ahepa 245 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 245 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 Ahepa 245 Inc?
Who is the CEO of Ahepa 245 Inc?
What is the revenue of Ahepa 245 Inc?
Who are the executives of Ahepa 245 Inc and what are their salaries?
Where can I find the form 990 for Ahepa 245 Inc?

Mission Statement of Ahepa 245 Inc

Ahepa 245 Inc, as a corporation, was established with a mission to construct, own, and manage an affordable housing apartment community. This mission is geared towards providing housing options for individuals with low income, specifically the elderly. The organization aims to cater to this demographic, ensuring they have access to decent and affordable living spaces. By constructing and managing such a community, Ahepa 245 Inc seeks to make a significant contribution to the housing needs of a vulnerable population, enabling them to live with dignity and independence.

Impact

This information is meant to be a general summary of Ahepa 245 Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

Ahepa 245 Inc's impact lies in providing a vital service to the community by constructing, owning, and operating an affordable housing apartment community. Specifically, the organization focuses on offering low-income elderly individuals a place to live, fulfilling a critical need for affordable housing for this demographic. Through its mission of ensuring elderly low-income housing is available, Ahepa 245 Inc positively impacts the lives of these individuals in Newport, RI, by providing them with a safe and affordable place to call home.





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: $31
  • Program Service Revenue: $616,757
  • Gross Receipts: $621,668

    • Assets and Liabilities:
  • Total Assets: $1,280,624
  • Total Liabilities: $2,080,279
  • Net Assets: -$799,655
  • Programs

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

    TENANT ASSISTANCE HUD

    Revenue

    $468,205

    RENTAL INCOME

    Revenue

    $148,552

    Organization Details

    Founding Year

    2000

    Principal Officer

    Michael Sisak

    Main Address

    87 GIRARD AVENUE, NEWPORT, RI, 02840

    NTEE Category

    Code: L22Z - Housing

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