Ahepa-penelope 38 Apartments Inc
Only null% goes to programs Strong reserves
Ahepa-penelope 38 Apartments Inc is a 501(c)(3) organization based in Ankeny, Iowa, registered in 1994, with $535,074 in FY2024 revenue. CharityIndex grades it C+.
717 Ne 5th Street, Ankeny, IA, 50021 EIN 42-1417593 Since 1994
Revenue (FY2024)
$535K
▲ 5.8% vs prior year
Housing median: $408K
Expenses (FY2024)
$492K
Net assets
$1.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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-penelope 38 Apartments Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating39 mo reserves · +8% 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-penelope 38 Apartments Inc: 39 mo reserves · +8% margin earns a A 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-penelope 38 Apartments 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-penelope 38 Apartments Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 717 Ne 5th Street, Ankeny, IA, 50021
- City
- Ankeny
- State
- Iowa
- Category
- Housing & Shelter
- Subcategory
- Housing Programs
Financial trends
Revenue grew from $303K (FY2013) to $535K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $43KNet assets $1.6M
Operating margin
8.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.6M
Total liabilities
$43K
Net assets
$1.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $535,074▲5.8% | $491,564▲2.7% | $1,582,255▲2.8% | $1,624,985▲2.4% | 990 |
| 2023 | $505,503▲10.3% | $478,668▲0.3% | $1,538,745▲1.8% | $1,586,541▲1.6% | 990 |
| 2022 | $458,224▼5.7% | $477,456▼7.7% | $1,511,910▼1.3% | $1,561,404▼0.6% | 990 |
| 2021 | $486,092▲6.4% | $517,343▲18.1% | $1,531,142▼2.0% | $1,571,158▼2.7% | 990 |
| 2020 | $456,921▼0.3% | $438,168▼1.0% | $1,562,393▲1.2% | $1,614,113▲2.3% | 990 |
| 2019 | $458,267▲6.2% | $442,660▲7.8% | $1,543,639▲1.0% | $1,578,086▼0.9% | 990 |
| 2018 | $431,582▲3.5% | $410,536▲1.6% | $1,528,032▲1.4% | $1,592,212▲1.0% | 990 |
| 2017 | $417,065▲12.4% | $403,877▼1.0% | $1,506,986▲0.9% | $1,577,010▼0.9% | 990 |
| 2016 | $371,216▲3.5% | $408,059▼5.3% | $1,493,798▼2.4% | $1,590,632▼4.0% | 990 |
| 2015 | $358,491▲17.6% | $430,865▲9.5% | $1,530,641▼4.5% | $1,657,131▼3.5% | 990 |
| 2014 | $304,951▲0.6% | $393,624▲6.0% | $1,603,015▼5.2% | $1,716,410▼3.5% | 990 |
| 2013 | $303,121 | $371,493▲7.8% | $1,691,688▼3.9% | $1,778,065▼2.8% | 990 |
| 2012 | — | $344,661▲5.3% | $1,760,060▼2.8% | $1,828,519▼1.8% | 990 |
| 2011 | — | $327,363 | $1,811,677 | $1,861,435 | 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.
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Frequently asked questions
- Is Ahepa-penelope 38 Apartments Inc a legitimate nonprofit?
- Yes. Ahepa-penelope 38 Apartments Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-1417593, based in Ankeny, Iowa. Donations are tax-deductible.
- What is Ahepa-penelope 38 Apartments Inc's EIN?
- Ahepa-penelope 38 Apartments Inc's Employer Identification Number (EIN) is 42-1417593.
- How much revenue does Ahepa-penelope 38 Apartments Inc report?
- Ahepa-penelope 38 Apartments Inc reported $535,074 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Ahepa-penelope 38 Apartments Inc have?
- CharityIndex grades Ahepa-penelope 38 Apartments Inc C+, based on financial health (reserves and operating margin).
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Data for Ahepa-penelope 38 Apartments Inc (EIN 42-1417593) 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.