Ahepa 245-ii Inc
Only null% goes to programs Strong reserves Growing revenue
Ahepa 245-ii Inc is a 501(c)(3) organization based in Newport, Rhode Island, registered in 1995, with $655,313 in FY2024 revenue. CharityIndex grades it C+.
87 Girard Road, Newport, RI, 02840 EIN 22-3348871 Since 1995
Revenue (FY2024)
$655K
▲ 12.5% vs prior year
Housing median: $408K
Expenses (FY2024)
$672K
Net assets
$1.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Ahepa 245-ii Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating24 mo reserves · -3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Ahepa 245-ii Inc: 24 mo reserves · -3% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Ahepa 245-ii Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Ahepa 245-ii Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 87 Girard Road, Newport, RI, 02840
- City
- Newport
- State
- Rhode Island
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
Financial trends
Revenue grew from $344K (FY2013) to $655K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $210KNet assets $1.3M
Operating margin
-2.5%
Spent more than it raised in the latest fiscal year.
Total assets
$1.5M
Total liabilities
$210K
Net assets
$1.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $655,313▲12.5% | $671,926▼4.0% | $1,318,536▲1.2% | $1,528,773▼6.4% | 990 |
| 2023 | $582,603▼5.8% | $699,650▲19.9% | $1,302,329▼8.2% | $1,632,580▼2.5% | 990 |
| 2022 | $618,609▲19.9% | $583,533▼5.4% | $1,419,376▲2.5% | $1,674,951▲8.2% | 990 |
| 2021 | $515,969▲3.4% | $616,680▲10.6% | $1,384,300▼6.8% | $1,547,996▼3.2% | 990 |
| 2020 | $498,797▲3.0% | $557,520▲2.2% | $1,485,011▲196% | $1,599,794▼5.2% | 990 |
| 2019 | $484,455▲4.5% | $545,752▲6.3% | -$1,542,066▼4.1% | $1,686,977▼4.4% | 990 |
| 2018 | $463,613▲9.0% | $513,468▲1.8% | -$1,480,769▼3.5% | $1,763,944▼3.6% | 990 |
| 2017 | $425,388▲14.8% | $504,598▲5.4% | -$1,430,914▼5.9% | $1,830,314▼5.5% | 990 |
| 2016 | $370,497▲12.6% | $478,724▼0.9% | -$1,351,704▼8.7% | $1,936,291▼4.4% | 990 |
| 2015 | $329,027▼2.4% | $483,168▲7.1% | -$1,243,477▼14.1% | $2,025,420▼4.5% | 990 |
| 2014 | $337,081▼2.0% | $450,953▼3.9% | -$1,089,336▼11.7% | $2,120,059▼7.0% | 990 |
| 2013 | $343,947 | $469,308▲2.5% | -$975,464▼14.7% | $2,278,562▼2.4% | 990 |
| 2012 | — | $457,657▲9.2% | -$850,103▼16.3% | $2,335,700▼3.3% | 990 |
| 2011 | — | $419,073▲4.9% | -$731,008▼12.5% | $2,415,193▼3.0% | 990 |
| 2010 | — | $399,498▲7.7% | -$649,604▼10.3% | $2,490,836▼1.8% | 990 |
| 2009 | — | $370,975 | -$589,073 | $2,537,732 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Similar organizations in Housing
Housing
Adelante Inc
Providence, RI
$658K
Dannual revenue
- Housing
Elder Care One Inc
Bristol, RI
$670K
Cannual revenue
- Housing
Ahepa 245 Inc
Newport, RI
$692K
Fannual revenue
- Housing
Omni-governor Inc
Providence, RI
$700K
Fannual revenue
Housing
Housing Network Rhode Island Assoc of Nonprofit Housing Developers
Warwick, RI
$709K
Bannual revenue
Housing
Elmhurst House Inc
Pawtucket, RI
$602K
Dannual revenue
- Housing
Memorial Community Corporation
Warwick, RI
$600K
Fannual revenue
Saugatucket Springs Inc
Providence, RI
$567K
Dannual revenue
- Housing
Deangelis Manor II C/o Nhp
West Warwick, RI
$567K
Fannual revenue
- Housing
Elder Care Two Inc
Bristol, RI
$751K
C+annual revenue
Compare Ahepa 245-ii Inc
Frequently asked questions
- Is Ahepa 245-ii Inc a legitimate nonprofit?
- Yes. Ahepa 245-ii Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-3348871, based in Newport, Rhode Island. Donations are tax-deductible.
- What is Ahepa 245-ii Inc's EIN?
- Ahepa 245-ii Inc's Employer Identification Number (EIN) is 22-3348871.
- How much revenue does Ahepa 245-ii Inc report?
- Ahepa 245-ii Inc reported $655,313 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Ahepa 245-ii Inc have?
- CharityIndex grades Ahepa 245-ii Inc C+, based on financial health (reserves and operating margin).
More nonprofits in Newport
Explore more
Data for Ahepa 245-ii Inc (EIN 22-3348871) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.