Overview
What is Mahalo Homes Inc?
Mahalo Homes Inc, established in Pikesville, Maryland, is a dedicated nonprofit organization specializing in renovating and maintaining residential rental properties. Their mission is geared towards providing suitable living spaces for low-income adults with disabilities, in adherence to Section 811 of the National Affordable Housing Act. This act ensures that individuals with disabilities have access to affordable, accessible, and integrated housing options within the community. Mahalo Homes Inc plays a significant role in enhancing the quality of life for these individuals by offering well-maintained homes that cater to their unique needs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%
Mahalo Homes Inc has received a Three-Star out of Four Star rating from Charity Navigator, which indicates a moderate level of accountability and financial performance. This score is derived solely from their Accountability & Finance metrics. The organization has shown strength in governance, evidenced by a fully independent board and compliance with key policies, which contributes positively to their overall rating.
The charity demonstrates a strong commitment to its programs, with an impressive program expense ratio of approximately 87%. This suggests that a significant majority of their expenditures are directed towards their mission-related activities. However, their liabilities to assets ratio of over 145% raises concerns about their financial health, indicating that their liabilities exceed their assets significantly.
While Mahalo Homes Inc excels in governance and program spending, the high liabilities relative to assets could pose a risk to its long-term sustainability. Donors may want to consider this aspect when evaluating their support for the organization. Overall, while the charity showcases solid operational practices, potential financial vulnerabilities warrant careful consideration.
This AI summary has been generated from information found on Charity Navigator.
Is Mahalo Homes Inc legitimate?
Mahalo Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mahalo 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: $17,796
For more financial information, click here
What is the mission statement of Mahalo Homes Inc?
Mahalo Homes Inc., as part of its mission, focuses on renovating and maintaining residential rental properties specifically designed for low-income adults with disabilities, in accordance with Section 811 of the National Affordable Housing Act. The organization's primary goal is to provide suitable housing solutions for this vulnerable population, ensuring their comfort and accessibility. By renovating these properties, Mahalo Homes Inc. contributes to improving the living conditions of individuals with disabilities, thereby promoting their independence and overall well-being. The organization's commitment to this mission is essential in addressing housing inequality and ensuring that these individuals have equal opportunities to live with dignity and independence.
Who is the CEO of Mahalo Homes Inc?
Sendy Rommel is the President of Mahalo Homes Inc.
What is the revenue of Mahalo Homes Inc?
Mahalo Homes Inc's revenue in 2023 was $62,406.
Who are the executives of Mahalo Homes Inc and what are their salaries?
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: $0
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- Other: $0
Where can I find the form 990 for Mahalo Homes Inc?
Mahalo Homes Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mahalo Homes Inc
Mahalo Homes Inc is committed to renovating and maintaining residential rental properties specifically designed for low-income adults with disabilities. This mission is in line with Section 811 of the National Affordable Housing Act. By taking on this responsibility, Mahalo Homes Inc contributes to the provision of safe and accessible living spaces for a vulnerable group of individuals, ensuring they can lead independent and dignified lives. The organization's work plays a crucial role in bridging the housing gap for individuals with disabilities, enabling them to access affordable housing options that cater to their unique needs.
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Impact
August, 2024
Mahalo Homes Inc's impact lies in its crucial role of renovating and maintaining residential rental properties specifically designed for low-income adults with disabilities under Section 811 of the National Affordable Housing Act. By providing affordable and accessible housing options for this vulnerable population, Mahalo Homes Inc contributes to creating a more inclusive and supportive community environment. This effort not only addresses the pressing need for affordable housing but also ensures that individuals with disabilities have a safe and suitable place to live, enhancing their quality of life and promoting independence.
This information is meant to be a general summary of Mahalo 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: $6
- Program Service Revenue: $62,400
- Gross Receipts: $62,406
Assets and Liabilities:
- Total Assets: $949,304
- Total Liabilities: $1,378,371
- Net Assets: -$429,067
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$62,400
Organization Details
Founding Year
2009
Phone
(410) 653-6190Principal Officer
Sendy Rommel
Main Address
3 MILFORD MILL RD, PIKESVILLE, MD, 21208
NTEE Category
Code: L20 - Housing
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