American Heritage Apartments Inc

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

EIN: 621501638 ✦ Texarkana, TX ✦ Designated as a 501(c)(3)

Overview

What is American Heritage Apartments Inc?

American Heritage Apartments Inc, situated in Texarkana, Texas, is a dedicated nonprofit organization primarily focused on providing quality affordable housing. They extend their services to low and very low-income individuals and families, allocating 35 units specifically for this purpose. Uniquely, their initiatives are self-funded, as they do not receive assistance from external sources to support their reduced rent program. The organization's mission is deeply rooted in ensuring accessibility to decent living spaces for those in need, making a significant impact on the local community.


Official website here: www.ahaproperties.com

Is American Heritage Apartments Inc legitimate?

American Heritage Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Heritage 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: $849,698
Professional Fundraising Fees: $0
Other Salaries and Wages: $892,815

For more financial information, click here


Official website here: www.ahaproperties.com

What is the mission statement of American Heritage Apartments Inc?

American Heritage Apartments Inc is committed to providing quality affordable housing. They extend reduced rent to individuals and families who fall under the low-income and very low-income categories. The organization allocates 35 units specifically for this purpose, without relying on external funding sources to support this endeavor. Their mission is centered around making housing accessible and affordable for those in need.


Official website here: www.ahaproperties.com

Who is the CEO of American Heritage Apartments Inc?

William D Weitzel is the Vice President of American Heritage Apartments Inc.


Official website here: www.ahaproperties.com

What is the revenue of American Heritage Apartments Inc?

American Heritage Apartments Inc's revenue in 2022 was $4,069,211.


Official website here: www.ahaproperties.com

Who are the executives of American Heritage Apartments Inc and what are their salaries?

The average compensation at American Heritage Apartments Inc during 2022 was $44,680. There are 39 employees at American Heritage Apartments Inc.

Here are 7 key members and their salaries:

    Lonny D Weitzel (Vice President) [Trustee/Director]
  • Compensation: $440,574
  • Related: $0
  • Other: $0

    • William D Weitzel (President) [Trustee/Director]
  • Compensation: $259,544
  • Related: $0
  • Other: $0

    • Charlene Carter (Comptroller) [Trustee/Director]
  • Compensation: $149,580
  • Related: $0
  • Other: $0

    • Grace A Weitzel (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kenneth Straw (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brendon Peterson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Henry Fincer (Comptroller) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.ahaproperties.com

    Where can I find the form 990 for American Heritage Apartments Inc?

    The American Heritage Apartments Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.ahaproperties.com

    Learn more at the official website: www.ahaproperties.com

    Mission Statement of American Heritage Apartments Inc

    American Heritage Apartments Inc, as a nonprofit organization, is dedicated to providing quality affordable housing. They accomplish this by offering reduced rent to individuals and families categorized as low and very low income. In line with their commitment, they reserve 35 units within their complex for this purpose. Notably, American Heritage Apartments Inc does not receive any funding from external sources to aid in this endeavor. They are self-sufficient in their mission to make affordable housing a reality for those who require it most.

    Impact

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




    Saturday, July 20, 2024

    American Heritage Apartments Inc's impact lies in providing quality affordable housing to low and very low-income individuals and families in Texarkana, TX. This organization dedicates 35 units to this purpose, offering reduced rent to those in need. They do not receive any external funding to support this endeavor, showcasing their commitment to serving the community and making a direct difference in the lives of those facing financial challenges. By offering affordable housing options, American Heritage Apartments Inc contributes to addressing the housing needs of vulnerable populations and helps create a more inclusive and supportive community environment.





    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: $1,275,666
  • Program Service Revenue: $2,683,734
  • Gross Receipts: $4,069,211

    • Assets and Liabilities:
  • Total Assets: $48,564,137
  • Total Liabilities: $3,359,792
  • Net Assets: $45,204,345
  • Programs

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

    Unit Rental Income

    Revenue

    $1,687,398

    Purchase options

    Revenue

    $632,343

    Utilities and cleaning

    Revenue

    $353,263

    Application fees

    Revenue

    $10,730

    Organization Details

    Founding Year

    1992

    Principal Officer

    William D Weitzel

    Main Address

    1430 College Dr, Texarkana, TX, 75503

    NTEE Category

    Code: L25 - Housing

    If you are a representative of American Heritage 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.