Overview
What is Hawaii Community Lending?
Hawaii Community Lending is a nonprofit organization based in Hilo, Hawaii, located at 1315 Kalaniianaole Avenue, ZIP code 96720. Their primary mission is to expand financial opportunities for Native Hawaiians residing in Hawaii by offering community lending services, including the origination and servicing of consumer, housing, and small business loans. Through this work, they aim to increase access to capital and support economic growth within the Native Hawaiian community.
Official website here: www.hawaiicommunitylending.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 85% (Three-Star out of Four Star rating).
Hawaii Community Lending has earned an 85% rating from Charity Navigator, which indicates a strong focus on accountability and finance. The charity has a fully independent board, demonstrating robust governance practices. Financial oversight is thorough, with no material diversion of assets reported and comprehensive policies in place for conflict of interest and whistleblower protections.
The organization excels in its program expenses, with an impressive ratio of 99.21%, indicating that the vast majority of its funding is directed towards its mission and programs. However, the liabilities to assets ratio of 64.22% may suggest some financial risk, as it indicates a significant portion of liabilities compared to assets. Overall, while the organization showcases strong financial practices, prospective donors may want to consider this liability ratio when evaluating their support.
This AI summary has been generated from information found on Charity Navigator.
Is Hawaii Community Lending legitimate?
Hawaii Community Lending is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hawaii Community Lending 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: $93,950
Professional Fundraising Fees: $0
Other Salaries and Wages: $523,658
For more financial information, click here
Official website here: www.hawaiicommunitylending.com
What is the mission statement of Hawaii Community Lending?
Hawaii Community Lending is dedicated to expanding financial opportunities for Native Hawaiians residing in the region. By offering community lending services, they specialize in the origination and servicing of various loans, encompassing consumer, housing, and small business categories. Their ultimate goal is to make capital more accessible to this specific demographic.
Official website here: www.hawaiicommunitylending.com
Who is the CEO of Hawaii Community Lending?
Jeff Gilbreath is the President of Hawaii Community Lending.
Official website here: www.hawaiicommunitylending.com
What is the revenue of Hawaii Community Lending?
Hawaii Community Lending's revenue in 2022 was $20,239,640.
Official website here: www.hawaiicommunitylending.com
Who are the executives of Hawaii Community Lending and what are their salaries?
There 3 volunteers at Hawaii Community Lending.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $15,515
- Related: $69,902
- Other: $10,135
Official website here: www.hawaiicommunitylending.com
Where can I find the form 990 for Hawaii Community Lending?
Hawaii Community Lending's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hawaiicommunitylending.com
Learn more at the official website: www.hawaiicommunitylending.com
Mission Statement of Hawaii Community Lending
Hawaii Community Lending, a dedicated nonprofit organization, strives to expand financial opportunities for Native Hawaiians residing in Hawaii. By focusing on community lending services, this organization plays a pivotal role in originating and servicing consumer, housing, and small business loans. In doing so, it empowers Native Hawaiians with the means to build a better future for themselves and their communities.
Hawaii Community Lending's mission is deeply rooted in the belief that access to capital is a crucial element in fostering economic self-sufficiency and improving the overall well-being of Native Hawaiians. The organization's commitment to increasing access to capital translates into a wide range of lending services tailored to meet the unique financial needs of its clientele.
Through its community lending services, Hawaii Community Lending not only helps individuals secure much-needed funds for personal and business ventures, but also offers ongoing support to ensure the successful repayment of loans. By providing this essential financial assistance, the organization enables Native Hawaiians to pursue their dreams and contribute to the growth of their communities.
In summary, Hawaii Community Lending is an invaluable resource for Native Hawaiians in Hawaii. Its mission to increase access to capital drives the organization to offer community lending services, including the origination and servicing of consumer, housing, and small business loans, that empower Native Hawaiians to build a stronger future for themselves and their communities.
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Impact
October, 2024
Hawaii Community Lending plays a crucial role in enhancing economic opportunities for Native Hawaiians by increasing access to capital. By offering community lending services that include the origination and servicing of consumer, housing, and small business loans, it addresses the specific financial needs of this community. Positioned in Hilo, Hawaii, the initiative focuses on empowering residents to achieve their financial goals, whether that's securing a home, starting a business, or managing personal finances. Through these efforts, Hawaii Community Lending actively contributes to the improvement of community well-being and economic stability for Native Hawaiians throughout the region.
This information is meant to be a general summary of Hawaii Community Lending. 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.
- Program Service Revenue: $104,690
- Gross Receipts: $20,239,640
Assets and Liabilities:
- Total Assets: $6,756,934
- Total Liabilities: $4,339,538
- Net Assets: $2,417,396
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST AND FEES
Revenue
$104,690
Organization Details
Founding Year
2014
Phone
(808) 587-7653Principal Officer
Jeff Gilbreath
Main Address
1315 KALANIANAOLE AVENUE, HILO, HI, 96720
NTEE Category
Code: S32 - Community improvement
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