Overview
What is Kekaulike Courtyards Corporation?
Kekaulike Courtyards Corporation is a nonprofit organization situated in Honolulu, Hawaii, specifically at 900 Fort Street 1690. Their primary mission is to provide and manage safe, affordable housing for a segment of the population experiencing financial challenges, benefiting approximately 135 individuals. Their activities are centered around developing and managing multi-family rental communities, catering to families earning between 20% and 80% of the median income. The organization supports the economic development of its target families and the surrounding community by offering rental housing, economic development activities, and supportive services aimed at helping residents build assets, earn income, and improve their quality of life. Kekaulike Courtyards Corporation employs a team of five individuals dedicated to achieving this mission.
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 Star rating.
Kekaulike Courtyards Corporation has earned an 81% overall score, reflecting a solid performance in accountability and finance. The organization boasts a fully independent board, with all eight members meeting independence standards, which enhances its governance structure. The financial oversight is robust, supported by a high program expense ratio of 97.07%, indicating that the vast majority of its funds are directed towards its mission-driven programs.
Strengths noted include a comprehensive array of policies such as conflict of interest, whistleblower, and document retention, all of which are in place and serve to promote transparency and ethical practices. Additionally, the charity has no material diversions of assets, ensuring that resources are utilized effectively for its intended purposes.
However, while the score reflects solid performance, there is always room for improvement in other areas that could enhance efficiency or visibility. Overall, Kekaulike Courtyards Corporation demonstrates a commitment to responsible financial management and governance, making it a noteworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Kekaulike Courtyards Corporation legitimate?
Kekaulike Courtyards Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kekaulike Courtyards 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: $171,720
For more financial information, click here
Official website here: www.mutual-housing.org
What is the mission statement of Kekaulike Courtyards Corporation?
Kekaulike Courtyards Corporation's mission is centered around providing affordable housing. Their primary 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 aid 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 assist residents in building assets, earning income, and enhancing their family life and the economic vitality of their surrounding community.
Official website here: www.mutual-housing.org
Who is the CEO of Kekaulike Courtyards Corporation?
Dee Darby is the President of Kekaulike Courtyards Corporation.
Official website here: www.mutual-housing.org
What is the revenue of Kekaulike Courtyards Corporation?
Kekaulike Courtyards Corporation's revenue in 2022 was $779,622.
Official website here: www.mutual-housing.org
Who are the executives of Kekaulike Courtyards Corporation and what are their salaries?
The average compensation at Kekaulike Courtyards Corporation during 2022 was $34,344. There are 5 employees at Kekaulike Courtyards Corporation.
Here are 7 key members and their salaries:
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Official website here: www.mutual-housing.org
Where can I find the form 990 for Kekaulike Courtyards Corporation?
Kekaulike Courtyards 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 Kekaulike Courtyards Corporation
Kekaulike Courtyards Corporation is dedicated to providing affordable housing for families. The organization's mission is threefold: to develop, own, and manage multi-family rental communities. These communities cater to families whose income falls between 20% and 80% of the median income. Beyond just providing housing, Kekaulike Courtyards Corporation aims to assist its residents in becoming more self-sufficient. This is achieved through the provision of supportive services. These services are designed to help residents build assets, earn income, and improve the quality of their family life. By doing so, Kekaulike Courtyards Corporation also aims to contribute to the economic vitality of the surrounding community. In essence, Kekaulike Courtyards Corporation is committed to creating stable living environments and opportunities for growth for its residents.
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Impact
October, 2024
Kekaulike Courtyards Corporation plays a significant role in addressing the affordable housing crisis in Honolulu, Hawaii. By developing, owning, and managing safe, high-quality, and permanently affordable housing, the organization provides a vital service to families earning between 20% and 80% of the median income. This has a direct impact on approximately 135 individuals who benefit from stable housing opportunities they might otherwise be unable to afford.
The organization not only focuses on providing housing but also actively contributes to the self-sufficiency of its residents. This is achieved through supportive services that enhance residents' economic development activities, helping them to build assets, earn income, and improve their overall quality of life. By fostering a community that encourages economic vitality, Kekaulike Courtyards Corporation strengthens not only its residents but also the surrounding community, creating a ripple effect that enhances local well-being and contributes to a more resilient economic ecosystem.
This information is meant to be a general summary of Kekaulike Courtyards 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: $3,691
- Program Service Revenue: $767,466
- Gross Receipts: $779,622
Assets and Liabilities:
- Total Assets: $2,090,277
- Total Liabilities: $6,887,927
- Net Assets: -$4,797,650
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$767,466
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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