Overview
What is Pono Homes Inc?
Pono Homes Inc is a nonprofit organization situated in Baltimore, Maryland, specifically at 3 Milford Mill Rd. Their primary mission is to renovate and maintain residential rental properties specifically designed for low-income adults with disabilities, in line with Section 811 of the National Affordable Housing Act. By providing suitable housing, Pono Homes Inc aims to contribute positively to the lives of these individuals, ensuring they have a safe and comfortable living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star Rating
Pono Homes Inc has achieved a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and financial management. The charity's overall score is entirely based on its Accountability & Finance metrics, which reflects a strong commitment to responsible financial practices. With a program expense ratio of 86.24%, the organization demonstrates its focus on delivering programs rather than administrative costs.
The organization excels in several areas, such as having a majority of independent board members and policies for conflict of interest, whistleblowing, and document retention. These practices suggest a well-structured governance framework that can enhance transparency and trust among stakeholders. However, the liabilities to assets ratio stands at 150.43%, which may indicate financial leverage that could be a concern for potential donors regarding long-term sustainability.
Overall, Pono Homes Inc shows strengths in accountability and program delivery but faces challenges with its financial leverage. Donors may appreciate the organization's commitment to governance and program funding while also considering its financial health as a factor in their support.
This AI summary has been generated from information found on Charity Navigator.
Is Pono Homes Inc legitimate?
Pono Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pono Homes 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,817
For more financial information, click here
What is the mission statement of Pono Homes Inc?
Pono Homes Inc. is committed to renovating and maintaining residential rental properties specifically designed for low-income adults with disabilities, in adherence to Section 811 of the National Affordable Housing Act. The organization's mission is to provide suitable living spaces for this vulnerable population, ensuring their needs are met with care and attention. By doing so, Pono Homes Inc. contributes to enhancing the quality of life for these individuals, offering them a dignified and comfortable living environment.
What is the revenue of Pono Homes Inc?
Pono Homes Inc's revenue in 2023 was $55,921.
Who are the executives of Pono Homes Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Pono Homes Inc?
Pono Homes Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Pono Homes Inc
Pono Homes Inc, a nonprofit organization, is committed to renovating and maintaining residential rental properties that cater to low-income adults with disabilities. This mission is in line with Section 811 of the National Affordable Housing Act. By undertaking these renovations and providing ongoing maintenance, Pono Homes Inc aims to create living spaces that are both suitable and accessible for individuals with disabilities. This mission is crucial in ensuring that these individuals have the opportunity to live independently and with dignity, contributing positively to their overall quality of life.
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Impact
August, 2024
Pono Homes Inc makes a significant impact by renovating and maintaining residential rental properties specifically designed for low-income adults with disabilities under Section 811 of the National Affordable Housing Act. Through their mission, they provide affordable and accessible housing opportunities for a marginalized and vulnerable population in Baltimore, MD. Their work not only improves the quality of life for individuals with disabilities but also contributes to creating inclusive and supportive communities. Pono Homes Inc's efforts in affordable housing align with broader goals of promoting equity and social justice.
This information is meant to be a general summary of Pono Homes 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 2023.
- Investment Income: $481
- Program Service Revenue: $55,440
- Gross Receipts: $55,921
Assets and Liabilities:
- Total Assets: $738,392
- Total Liabilities: $1,110,804
- Net Assets: -$372,412
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$55,440
Organization Details
Founding Year
2007
Principal Officer
Sendy Rommel
NTEE Category
Code: L21 - Housing
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