Overview
What is Lihue Court Townhomes Corporation?
Lihue Court Townhomes Corporation is a nonprofit organization situated in Honolulu, Hawaii. Its primary mission is to offer and manage affordable housing for a segment of the population facing housing affordability challenges, benefiting around 425 individuals. The organization develops and manages multi-family rental communities, catering to families whose income falls between 20% and 80% of the median income. To further support its target population, Lihue Court Townhomes Corporation provides economic development activities and supportive services aimed at fostering self-sufficiency, asset building, income generation, and improved family life and community economy. With a staff of 11 individuals, the organization is dedicated to making a significant impact in the realm of affordable housing.
Official website here: www.mutual-housing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Stars
Lihue Court Townhomes Corporation has received a Three-Star rating from Charity Navigator, reflecting an overall score of 81% based primarily on its Accountability & Finance. The organization demonstrates strong governance practices, with 100% independent board members and a well-structured audit and oversight committee. The charity scores particularly well in several areas, such as conflict of interest policies and program expenses, indicating a commitment to financial responsibility and transparency.
The organization excels in its program expense ratio, with 96.67% of its expenditures allocated directly to its programs. This emphasizes its effectiveness in utilizing funds to achieve its mission. However, it should be noted that the charity faces a challenge with a high liabilities-to-assets ratio of 165.60%, which could raise concerns regarding its financial stability in the long term.
Overall, while Lihue Court Townhomes Corporation demonstrates a solid commitment to fiscal responsibility and transparency, potential donors and stakeholders may want to consider its financial liabilities when assessing the organization’s overall health.
This AI summary has been generated from information found on Charity Navigator.
Is Lihue Court Townhomes Corporation legitimate?
Lihue Court Townhomes Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lihue Court Townhomes Corporation 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: $534,342
For more financial information, click here
Official website here: www.mutual-housing.org
What is the mission statement of Lihue Court Townhomes Corporation?
Lihue Court Townhomes Corporation's mission is centered around providing affordable housing. Their objective is to develop, manage, and own multi-family rental communities, catering to families whose income falls between 20% and 80% of the median income. The organization aims to assist its target families in becoming more self-sufficient by providing affordable housing, supporting economic development activities, and offering supportive services. These services are designed to help residents build assets, earn income, and enhance the quality of their family life, thereby contributing to the economic vitality of the surrounding community.
Official website here: www.mutual-housing.org
Who is the CEO of Lihue Court Townhomes Corporation?
Dee Darby is the President of Lihue Court Townhomes Corporation.
Official website here: www.mutual-housing.org
What is the revenue of Lihue Court Townhomes Corporation?
Lihue Court Townhomes Corporation's revenue in 2022 was $1,875,624.
Official website here: www.mutual-housing.org
Who are the executives of Lihue Court Townhomes Corporation and what are their salaries?
The average compensation at Lihue Court Townhomes Corporation during 2022 was $48,577. There are 11 employees and 10 volunteers at Lihue Court Townhomes Corporation.
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Official website here: www.mutual-housing.org
Where can I find the form 990 for Lihue Court Townhomes Corporation?
Lihue Court Townhomes Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mutual-housing.org
Learn more at the official website: www.mutual-housing.org
Mission Statement of Lihue Court Townhomes Corporation
Lihue Court Townhomes Corporation is committed to providing affordable housing. Their mission is multifaceted, aimed at developing, owning, and managing multi-family rental communities. This organization specifically serves families whose income falls between 20% and 80% of the median income. Beyond just providing housing, Lihue Court Townhomes Corporation seeks to assist its target demographic in becoming more self-sufficient. They achieve this through various means, including supporting economic development activities and offering supportive services. These services are designed to help residents build assets, earn income, and improve their family life, ultimately fostering the economic vitality of the surrounding community.
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Impact
October, 2024
Lihue Court Townhomes Corporation plays a crucial role in addressing the affordable housing crisis in Honolulu, Hawaii. By developing, owning, and managing multi-family rental communities, it provides safe and quality housing options for families earning between 20 to 80 percent of the median income.
The organization directly impacts approximately 425 individuals, enabling them to secure a place to live in a region where housing affordability has become increasingly challenging. Beyond just providing shelter, Lihue Court Townhomes Corporation fosters economic development by supporting residents in their journey toward self-sufficiency. This includes various supportive services aimed at helping families build assets, increase their income, and enhance their overall quality of life.
The work of Lihue Court not only benefits the families it serves but also contributes to the economic vitality of the surrounding community, creating a ripple effect that improves the local landscape. Through these efforts, it helps create a more stable and supportive environment where residents can thrive, ultimately strengthening the fabric of the community as a whole.
This information is meant to be a general summary of Lihue Court Townhomes Corporation. 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: $4,677
- Program Service Revenue: $1,818,091
- Gross Receipts: $1,875,624
Assets and Liabilities:
- Total Assets: $6,991,434
- Total Liabilities: $11,471,736
- Net Assets: -$4,480,302
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,818,091
Organization Details
Founding Year
2000
Phone
(808) 550-0804Principal Officer
Dee Darby
Main Address
900 FORT STREET 1690, HONOLULU, HI, 96813
Website
www.mutual-housing.orgNTEE Category
Code: L20 - Housing
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