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Ahepa 501 Inc

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

EIN: 850439854 ✦ Albuquerque, NM ✦ Designated as a 501(c)(3)

Overview

What is Ahepa 501 Inc?

Ahepa 501 Inc is a not-for-profit corporation established in New Mexico, adhering to the state's not-for-profit regulations. The primary purpose of this organization is to construct, manage, and run an affordable housing complex, named Ahepa 501 Apartments, in Albuquerque, New Mexico. This endeavor is carried out in accordance with Section 202 of the National Affordable Housing Act. The organization was initiated and sponsored by Ahepa National Housing Corporation.


Is Ahepa 501 Inc legitimate?

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

Mission Statement of Ahepa 501 Inc

Ahepa 501 Inc, a not-for-profit corporation, was established with a mission to construct, own, and operate an affordable housing apartment community. This organization was organized in accordance with the not-for-profit statutes of New Mexico, with the primary objective of providing affordable housing solutions. The corporation's focus is on the development and management of a 48-unit apartment community, known as Ahepa 501 Apartments, in Albuquerque, New Mexico. This endeavor is carried out under Section 202 of the National Affordable Housing Act, which is a significant legislation aimed at promoting affordable housing opportunities. The sponsor of this corporation is Ahepa National Housing Corporation, further emphasizing its commitment to providing affordable housing solutions.

Impact

This information is meant to be a general summary of Ahepa 501 Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

Ahepa 501 Inc's impact lies in providing affordable housing options to the community in Albuquerque, New Mexico. By owning and operating a 48-unit apartment community known as Ahepa 501 apartments, the organization addresses the critical need for affordable housing in the area. Through their mission to construct and maintain this housing community, Ahepa 501 Inc positively impacts the lives of individuals and families by offering a stable 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: $39
  • Program Service Revenue: $485,265
  • Gross Receipts: $486,936

    • Assets and Liabilities:
  • Total Assets: $1,936,589
  • Total Liabilities: $41,946
  • Net Assets: $1,894,643
  • Programs

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

    TENANT ASSISTANCE

    Revenue

    $346,985

    RENTAL INCOME

    Revenue

    $138,280

    Organization Details

    Founding Year

    1995

    Principal Officer

    Nicholas Bakas

    Main Address

    6800 LOS VOLCANES ROAD NW, ALBUQUERQUE, NM, 87121

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Ahepa 501 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.