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Ahepa 232 Iii Inc

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

EIN: 331039034 ✦ Indianapolis, IN ✦ Designated as a 501(c)(3)

Overview

What is Ahepa 232 Iii Inc?

Ahepa 232 Iii Inc is a nonprofit organization established in compliance with Indiana's not-for-profit regulations. Its primary objective is to construct, own, and manage an affordable housing apartment complex named Ahepa 232 Phase III Apartments in Indianapolis, Indiana. This initiative aligns with Section 202 of the National Affordable Housing Act. The sponsor of this venture is Ahepa National Housing Corporation, guiding the operations of Ahepa 232 Iii Inc. The organization's mission revolves around providing affordable housing solutions in the community.


Is Ahepa 232 Iii Inc legitimate?

Ahepa 232 Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa 232 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.

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 232 Iii Inc?
Who is the CEO of Ahepa 232 Iii Inc?
What is the revenue of Ahepa 232 Iii Inc?
Who are the executives of Ahepa 232 Iii Inc and what are their salaries?
Where can I find the form 990 for Ahepa 232 Iii Inc?

Mission Statement of Ahepa 232 Iii Inc

Ahepa 232 III Inc, a not-for-profit organization, was established with a mission to construct, own, and operate an affordable housing apartment community. This mission is aimed at providing affordable living solutions for individuals in need, as evidenced by the corporation's initiative to build and manage Ahepa 232 Phase III Apartments in Indianapolis, Indiana, in line with Section 202 of the National Affordable Housing Act. The sponsor of this project is Ahepa National Housing Corporation, demonstrating a commitment to affordable housing and community development.

Impact

This information is meant to be a general summary of Ahepa 232 Iii Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

Ahepa 232 Iii Inc's impact is centered on providing affordable housing options to individuals in need. By constructing, owning, and operating a 50-unit apartment community in Indianapolis, Indiana, known as Ahepa 232 Phase III Apartments, the organization is addressing the critical issue of affordable housing in the community. Through its mission to offer affordable housing solutions, Ahepa 232 Iii Inc positively impacts the lives of residents by providing them with a safe and stable place to call home, thereby contributing to the overall well-being and economic stability of the community.





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: $21
  • Program Service Revenue: $530,841
  • Gross Receipts: $534,303

    • Assets and Liabilities:
  • Total Assets: $2,489,981
  • Total Liabilities: $48,531
  • Net Assets: $2,441,450
  • Programs

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

    TENANT ASSISTANCE HUD

    Revenue

    $359,113

    RENTAL INCOME

    Revenue

    $171,728

    Organization Details

    Founding Year

    2002

    Principal Officer

    Angelo Kostarides

    Main Address

    7355 SHADELAND STATION WAY, INDIANAPOLIS, IN, 46256

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Ahepa 232 Iii Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.