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Ahepa 501-Ii Inc

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

EIN: 850458871 ✦ Albuquerque, NM ✦ Designated as a 501(c)(3)

Overview

What is Ahepa 501-Ii Inc?

Ahepa 501-Ii Inc is a not-for-profit organization established in accordance with New Mexico's non-profit regulations. Its primary objective is to construct, own, and manage an affordable housing apartment community in Albuquerque, New Mexico, known as Ahepa 501-ii Apartments. This initiative aligns with Section 202 of the National Affordable Housing Act. The sponsor of this corporation is Ahepa National Housing Corporation, which plays a significant role in its operations.


Is Ahepa 501-Ii Inc legitimate?

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

Mission Statement of Ahepa 501-Ii Inc

Ahepa 501-Ii Inc, a not-for-profit corporation, was established with a clear mission. The organization was founded with the intent to construct, own, and operate an affordable housing apartment community. This community, named Ahepa 501-II Apartments, is part of the broader initiative under Section 202 of the National Affordable Housing Act, aiming to provide affordable housing solutions. The sponsor of this corporation is Ahepa National Housing Corporation, underscoring the commitment to affordable housing within the broader Ahepa organization.

Impact

This information is meant to be a general summary of Ahepa 501-Ii 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-Ii Inc's impact is providing affordable housing options to the community in Albuquerque, New Mexico through the construction, ownership, and operation of a 50-unit apartment community known as Ahepa 501-Ii Apartments. By offering affordable housing, Ahepa 501-Ii Inc contributes to addressing housing needs and improving the quality of life for individuals and families in the area. This organization plays a vital role in fulfilling the mission of providing accessible and sustainable housing solutions for those in need.





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 2023.

  • Investment Income: $6,318
  • Program Service Revenue: $496,296
  • Gross Receipts: $510,436

    • Assets and Liabilities:
  • Total Assets: $2,472,371
  • Total Liabilities: $63,104
  • Net Assets: $2,409,267
  • Programs

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

    TENANT ASSISTANCE HUD

    Revenue

    $314,712

    RENTAL INCOME

    Revenue

    $181,584

    Organization Details

    Founding Year

    1999

    Principal Officer

    Mark Bullock

    Main Address

    6700 LOS VOLCANES ROAD NW, ALBUQUERQUE, NM, 87121

    NTEE Category

    Code: L40 - Housing

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