Overview
What is Honolulu House Inc?
Honolulu House Inc is a nonprofit organization situated in Honolulu, Hawaii, specifically at 1221 Kapiolani Blvd STE 345. The primary mission of this organization is to offer affordable housing for individuals battling serious mental illnesses. They operate an affordable group home, providing residence to twelve such individuals. The organization's activities revolve around managing and operating this housing project, aiming to provide a supportive environment for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Honolulu House Inc has achieved a solid Three-Star rating with an overall score of 79%, reflecting a strong emphasis on accountability and finance. The organization scores exceptionally well in areas such as having a fully independent board and no material diversion of assets, indicating a high level of transparency and ethical governance. Their strong program expense ratio of 86.51% suggests that the majority of their funds are directed towards their programs, which is a positive sign for potential donors.
However, the organization has been rated lower in the liabilities to assets ratio, which stands at 156.91%. This indicates a higher level of liabilities compared to their assets, which could be a concern for financial stability. While the accountability measures are robust, the financial health aspect could warrant closer scrutiny. Overall, Honolulu House Inc demonstrates a commitment to responsible management, although potential supporters may want to consider its financial ratios when evaluating the organization's long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Honolulu House Inc legitimate?
Honolulu House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Honolulu House 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.
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What is the mission statement of Honolulu House Inc?
Honolulu House Inc's mission is centered around providing affordable housing for individuals struggling with serious mental illnesses. Specifically, the organization operates a group home, offering a safe and affordable living space for these individuals. The primary objective of Honolulu House Inc is to ensure that individuals with mental health issues have access to suitable housing, thereby improving their overall quality of life. The organization serves a limited number of clients, currently twelve, demonstrating its commitment to this cause.
Who is the CEO of Honolulu House Inc?
Melinda Yamaga is the Principal Officer of Honolulu House Inc.
What is the revenue of Honolulu House Inc?
Honolulu House Inc's revenue in 2022 was $50,736.
Who are the executives of Honolulu House 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 Honolulu House Inc?
Honolulu House Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Honolulu House Inc
Honolulu House Inc, a notable organization, is dedicated to providing affordable housing solutions for individuals struggling with serious mental illnesses. Their primary mission is to own and operate an affordable group home, offering a safe and supportive living environment for these individuals. By doing so, Honolulu House Inc aims to alleviate the housing challenges faced by this vulnerable population, enabling them to focus on their recovery and well-being. The organization has successfully served 12 clients through its affordable rental housing project, demonstrating its commitment to making a difference in the lives of those in need.
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Impact
August, 2024
Honolulu House Inc's impact lies in providing affordable housing and support to adults with serious mental illnesses in Honolulu, Hawaii. By owning and operating a group home that caters to the unique needs of this vulnerable population, Honolulu House Inc serves 12 clients, offering them a safe and stable environment where they can receive the care and assistance they require. Through their mission to provide affordable rental housing for individuals with serious mental illnesses, Honolulu House Inc plays a crucial role in addressing the housing challenges faced by this specific demographic, ultimately enhancing their quality of life and well-being.
This information is meant to be a general summary of Honolulu House 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: $15
- Program Service Revenue: $50,721
- Gross Receipts: $50,736
Assets and Liabilities:
- Total Assets: $524,520
- Total Liabilities: $823,050
- Net Assets: -$298,530
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$50,721
Organization Details
Founding Year
2004
Phone
(808) 737-2523Principal Officer
Melinda Yamaga
Main Address
1221 KAPIOLANI BLVD STE 345, HONOLULU, HI, 96814
NTEE Category
Code: L22 - Housing
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