Overview
What is Kama'Aina Hale Apartments?
Kama'Aina Hale Apartments is a nonprofit organization situated in Kailua Kona, Hawaii. Its primary mission is to offer affordable housing solutions to individuals with low income. By providing residential accommodations, this organization aims to contribute positively to the community and alleviate housing-related challenges faced by many residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star rating.
Kama'Aina Hale Apartments has received a low rating of 54%, reflecting significant weaknesses in its accountability and financial practices. The lack of independent board members and missing financial statements are notable concerns that contribute to this low score. While the organization has a good program expense ratio of 90%, indicating that a large portion of its expenditures goes directly to its programs, the overall governance and transparency issues overshadow this positive aspect.
The organization does have a conflict of interest policy in place, which is a strength; however, the absence of key documents such as board meeting minutes, a whistleblower policy, and a document retention policy raises questions about its operational transparency. Additionally, the lack of a website listed on its tax form and missing tax documents on its website further limit public access to important information regarding the nonprofit’s financial health and governance.
Overall, while Kama'Aina Hale Apartments demonstrates a commitment to its programs, the deficiencies in governance and accountability highlighted by its Charity Navigator rating suggest that potential donors and stakeholders should proceed with caution. Improving transparency and board independence could significantly enhance the organization’s credibility and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Kama'Aina Hale Apartments legitimate?
Kama'Aina Hale Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kama'Aina Hale Apartments 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: $203,435
For more financial information, click here
What is the mission statement of Kama'Aina Hale Apartments?
Kama'Aina Hale Apartments is committed to a mission of providing affordable housing for individuals with low income. This organization strives to make a significant impact in this area, ensuring that everyone has access to decent living accommodations regardless of their financial situation. They are dedicated to serving this community by offering affordable housing solutions, thereby contributing to a more equitable living environment for all. Their primary objective is to address the housing needs of low-income individuals, thereby improving their overall quality of life.
Who is the CEO of Kama'Aina Hale Apartments?
Tiger Hill is the Treasurer of Kama'Aina Hale Apartments. The CEO's salary of Kama'Aina Hale Apartments is $0 and their total compensation is $0.
What is the revenue of Kama'Aina Hale Apartments?
Kama'Aina Hale Apartments's revenue in 2023 was $1,772,330.
Who are the executives of Kama'Aina Hale Apartments and what are their salaries?
Here are 3 key members and their salaries (Kama'Aina Hale Apartments's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Kama'Aina Hale Apartments?
Kama'Aina Hale Apartments's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Kama'Aina Hale Apartments
Kama'Aina Hale Apartments is dedicated to providing affordable housing solutions for low-income residents. This nonprofit organization's central mission is to ensure that individuals who may not have access to adequate housing due to financial constraints can find a safe and affordable place to call home. By offering affordable housing, Kama'Aina Hale Apartments aims to contribute to the well-being and stability of its residents, providing them with a fundamental need that is often overlooked or underappreciated. This mission is reflected in the organization's day-to-day operations and its commitment to making a positive impact in the lives of those who need it most.
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Impact
July, 2024
Kama'Aina Hale Apartments impact is centered around providing affordable housing to low-income residents in Kailua Kona, Hawaii. This initiative plays a crucial role in addressing the housing needs of a marginalized population, ensuring that individuals and families have access to safe and affordable housing options. By offering a place to call home at a reasonable cost, Kama'Aina Hale Apartments positively impacts the lives of those who may otherwise struggle to find suitable accommodation. This support contributes to enhancing the overall well-being and stability of the community by addressing a fundamental need for affordable housing.
This information is meant to be a general summary of Kama'Aina Hale Apartments. 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.
- Program Service Revenue: $1,772,330
- Gross Receipts: $1,772,330
Assets and Liabilities:
- Total Assets: $1,764,133
- Total Liabilities: $331,014
- Net Assets: $1,433,119
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,772,330
Organization Details
Founding Year
2013
Phone
(808) 960-0331Principal Officer
Tiger Hill
Main Address
75-5837 KUAKINI HWY, KAILUA KONA, HI, 96740
NTEE Category
Code: L21 - Housing
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