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Apartment Angel Inc

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Nonprofit Overview

Causes: Human Service Organizations, Human Services

Mission: One third of americans live paycheck to paycheck. One unanticipated financial setback results in a downward spiral that can end in homelessness. Apartment angel, founded in 2012, is the only national organization that prevents apartment evictions through an innovative lending program. Our solution provides an interest-free loan for one month's rent to qualified apartment residents experiencing an unanticipated financial hardship. The loan is paid directly to the property on behalf of the resident, and the residents then repay their loans to apartment angel over a period of 6 to 12 months. Properties, who currently donate $1. 00 per unit to join the network, save the unnecessary cost of eviction without altering company protocol. Apartment angel is based in the washington, dc area. We currently work with 198 apartment complexes in arkansas, georgia, indiana, kansas, maryland, michigan, north carolina, oklahoma, south carolina, texas, and virginia

Programs: Since our founding in 2012, apartment angel has:1. Provided 109 interest free loans, preventing more than 139 adults and children from losing their homes. 2. Sustained a 70% loan payback rate. 3. Added 198 apartment communities in 12 states to our network of neighborhood partners. 4. 87% of our loan recipients have remained good, paying residents.

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