Ahepa-Penelope District One Apartments of Hoover Inc

Analysis

Ahepa-Penelope District One Apartments of Hoover Inc is a registered charity in United States, based in Hoover, AL. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ahepa-Penelope District One Apartments of Hoover Inc reported income of $463k and spending of $609k, spending 131% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $437k to $463k (+6.1%), an average of +2.0% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ahepa-Penelope District One Apartments of Hoover Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within AL. Charities of a similar size with the same main cause include Central Louisiana Coalition to Prevent Homelessness Inc ($463k), United Church Residences of North Lewisburg Ohio Inc ($463k) and Davidson Housing Coalition ($463k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $4.9m against liabilities of $49k, net assets of $4.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.