Overview
What is Ahepa-Penelope 38 Apartments Inc?
Ahepa-Penelope 38 Apartments Inc is a not-for-profit organization, established in accordance with Iowa's non-profit laws. Its primary purpose is to construct, manage, and operate an affordable housing apartment community in Ankeny, Iowa, named Ahepa-Penelope 38 Apartments. This initiative aligns with Section 202 of the National Affordable Housing Act, aiming to provide affordable housing options for the community. The sponsor of this project is Ahepa National Housing Corporation.
Is Ahepa-Penelope 38 Apartments Inc legitimate?
Ahepa-Penelope 38 Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahepa-Penelope 38 Apartments 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
Mission Statement of Ahepa-Penelope 38 Apartments Inc
Ahepa-Penelope 38 Apartments Inc was established with a mission to construct, own, and operate an affordable housing apartment community. This not-for-profit corporation, in accordance with the statutes of Iowa, aims to provide affordable living spaces for its residents. The organization's primary objective is to develop and manage a 53-unit apartment complex, known as Ahepa-Penelope 38 Apartments, under the National Affordable Housing Act. The sponsor of this initiative 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-Penelope 38 Apartments Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Wednesday, July 24, 2024
Ahepa-Penelope 38 Apartments Inc's impact can be seen in providing affordable housing options for individuals in Ankeny, Iowa. By owning and operating a 53-unit apartment community, they are addressing the crucial need for affordable housing in the area. This initiative contributes to the overall well-being of the community by offering a stable and affordable living environment for those in need. Their focus on affordable housing aligns with their mission to serve the community and make a positive impact on the lives of residents.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$243,938
TENANT ASSISTANCE HUD
Revenue
$206,474
Organization Details
Founding Year
1995
Phone
(515) 965-5987
Principal Officer
Christy Karthan
Main Address
717 NE 5TH STREET, ANKENY, IA, 50021
NTEE Category
Code: L99Z - Housing
If you are a representative of Ahepa-Penelope 38 Apartments 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.