Overview
What is The Newhouse Inc?
The Newhouse Inc, located in Honolulu, Hawaii, is a nonprofit organization that specializes in providing affordable housing for adults struggling with serious mental illnesses. With a focus on group living, they serve 17 individuals, ensuring they have a supportive environment. Their mission is to offer housing as a crucial resource for individuals battling mental health challenges, aiming to improve their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Stars
The Newhouse Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The rating is largely based on its accountability measures, which scored a total of 100% in several key areas such as having a majority of independent board members and a comprehensive conflict of interest policy. These scores reflect a commitment to transparency and responsible governance.
The organization's program expense ratio is notably high at 92.74%, showcasing a strong focus on its mission-related activities. Such a high percentage suggests that the majority of its expenses are directed toward programs rather than administrative costs. However, the liabilities to assets ratio is concerning at 168.02%, which indicates potential financial stability issues that could impact its operations in the long run.
Overall, while The Newhouse Inc demonstrates robust governance and financial accountability, the high liabilities relative to its assets may raise questions about its long-term sustainability. Prospective donors may want to consider this aspect when evaluating the organization’s financial health.
This AI summary has been generated from information found on Charity Navigator.
Is The Newhouse Inc legitimate?
The Newhouse Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Newhouse Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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What is the mission statement of The Newhouse Inc?
The Newhouse Inc, as an organization, is dedicated to providing affordable rental housing for individuals dealing with serious mental illnesses. Their primary mission is to own and operate such housing projects, ensuring that these individuals have a place to call home at an affordable price. Currently, they have served 17 clients, demonstrating their commitment to this cause.
Who is the CEO of The Newhouse Inc?
Melinda Yamanaga is the President of The Newhouse Inc.
What is the revenue of The Newhouse Inc?
The Newhouse Inc's revenue in 2022 was $92,433.
Who are the executives of The Newhouse Inc and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for The Newhouse Inc?
The Newhouse Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Newhouse Inc
The Newhouse Inc, a nonprofit organization, is dedicated to providing affordable rental housing for individuals grappling with serious mental illnesses. Their mission is to offer a welcoming and supportive living environment that caters specifically to this vulnerable population. By owning and operating an affordable rental project, The Newhouse Inc strives to make housing more accessible for these individuals, thereby improving their overall quality of life. In its operations, The Newhouse Inc served 17 clients, demonstrating its commitment to providing essential housing solutions for those in need.
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Impact
October, 2024
The Newhouse Inc significantly impacts the lives of adults with serious mental illnesses by owning and operating an affordable group home in Honolulu, Hawaii. By providing a stable and supportive living environment, it addresses a critical need for affordable housing tailored to individuals facing mental health challenges. Serving 17 clients, The Newhouse Inc fosters community, independence, and dignity among its residents, allowing them to live with greater security and stability. This initiative not only enhances the quality of life for its residents but also contributes positively to the broader community by promoting awareness and understanding of mental health issues. Through its commitment to affordable housing, The Newhouse Inc plays a vital role in supporting some of the most vulnerable members of society.
This information is meant to be a general summary of The Newhouse Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $10
- Program Service Revenue: $92,423
- Gross Receipts: $92,433
Assets and Liabilities:
- Total Assets: $865,609
- Total Liabilities: $1,454,464
- Net Assets: -$588,855
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$92,423
Organization Details
Founding Year
2003
Phone
(808) 737-2523Principal Officer
Melinda Yamanaga
Main Address
1221 KAPIOLANI BLVD STE 345, HONOLULU, HI, 96814
NTEE Category
Code: L20 - Housing
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