Ahepa 78 Phase III Inc

Analysis

Ahepa 78 Phase III Inc is a registered charity in United States, based in Merrillville, IN. It received its IRS tax-exemption ruling in September 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ahepa 78 Phase III Inc reported income of $481k and spending of $508k, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $422k to $481k (+14%), an average of +4.4% a year. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ahepa 78 Phase III Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IN. Charities of a similar size with the same main cause include Pilgrim Terrace Cooperative Homes ($480k), Dolores-Frances Affordable Housing Inc ($481k) and Victoria Jennings Residences Ltd ($480k).

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 $1.7m against liabilities of $85k, net assets of $1.7m.

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.