Overview
What is Lokahi Pacific?
Lokahi Pacific is a nonprofit organization situated in Wailuku, Hawaii, specifically at 1935 Main Street Suite 204. The primary mission of Lokahi Pacific is to foster opportunities for low-income individuals and those with physical or mental disabilities. They achieve this by supporting the establishment, expansion, and management of business enterprises for the financially disadvantaged. Additionally, Lokahi Pacific offers housing facilities tailored to meet the unique needs of these individuals. Furthermore, they assist with providing down payments for single-family residences, contributing to the affordability of housing in Maui. With a team of seven dedicated employees, Lokahi Pacific plays a significant role in enhancing opportunities and improving living conditions for those in need.
Official website here: www.lokahipacific.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating
Lokahi Pacific has received an 88% score from Charity Navigator, achieving a Three-Star rating, which indicates a solid performance in accountability and finance. The organization boasts a fully independent board of directors, with all members contributing to its strong governance structure. Additionally, it excels in financial oversight, with no material diversion of assets and a favorable liabilities-to-assets ratio of 29.26%.
While Lokahi Pacific demonstrates strong financial health and transparency in several areas, it does have limitations. The organization is missing key policies concerning whistleblower protections and document retention, which could enhance its accountability practices. Furthermore, it has not posted its tax forms on its website, which limits accessibility to important financial information for donors and stakeholders.
Overall, Lokahi Pacific shows commendable financial management and governance, but addressing the noted policy gaps could further strengthen its accountability and build greater trust among its supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Lokahi Pacific legitimate?
Lokahi Pacific is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lokahi Pacific 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: $34,416
Professional Fundraising Fees: $0
Other Salaries and Wages: $76,025
For more financial information, click here
Official website here: www.lokahipacific.org
What is the mission statement of Lokahi Pacific?
Lokahi Pacific's mission is centered around expanding opportunities for low-income individuals. They aim to help these individuals become business owners, managers, and employees, providing them with the necessary resources and support. Furthermore, the organization provides housing facilities that cater to the specific needs of low-income and physically and mentally disadvantaged individuals. Additionally, Lokahi Pacific assists low-income individuals by providing down payments for the purchase of single-family residences, thereby facilitating homeownership.
Official website here: www.lokahipacific.org
Who is the CEO of Lokahi Pacific?
Regina S Thieman is the Chairman of Lokahi Pacific.
Official website here: www.lokahipacific.org
What is the revenue of Lokahi Pacific?
Lokahi Pacific's revenue in 2022 was $1,617,543.
Official website here: www.lokahipacific.org
Who are the executives of Lokahi Pacific and what are their salaries?
The average compensation at Lokahi Pacific during 2022 was $15,777. There are 7 employees and 8 volunteers at Lokahi Pacific.
Here are 9 key members and their salaries:
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- Compensation: $79,249
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Official website here: www.lokahipacific.org
Where can I find the form 990 for Lokahi Pacific?
Lokahi Pacific's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lokahipacific.org
Learn more at the official website: www.lokahipacific.org
Mission Statement of Lokahi Pacific
Lokahi Pacific, a nonprofit organization, is dedicated to enhancing opportunities for low-income individuals and those with physical and mental disadvantages. Its mission involves two key areas: firstly, it aims to foster an environment where these individuals can own, manage, operate, and secure employment in business enterprises. Secondly, Lokahi Pacific provides specialized housing facilities tailored to meet the unique needs of low-income individuals. Furthermore, the organization extends its support by offering down payment assistance for the purchase of a single-family residence. In essence, Lokahi Pacific's mission is centered on empowering disadvantaged individuals and helping them build a stable life through business opportunities and accessible housing solutions.
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Impact
July, 2024
Lokahi Pacific's impact lies in developing and expanding opportunities for low-income individuals to own, manage, operate, and gain employment in business enterprises. Additionally, they provide housing facilities specially designed to meet the needs of physically and mentally disadvantaged individuals, as well as assist low-income individuals by providing down payments for the purchase of a single-family residence. Specifically, Lokahi Pacific has made significant strides in increasing the availability of affordable housing in Maui, positively impacting the community in Wailuku, Hawaii. Their mission is centered around empowering individuals with limited resources to achieve financial stability and improve their quality of life, ultimately contributing to community improvement.
This information is meant to be a general summary of Lokahi Pacific. 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: $8
- Program Service Revenue: $190,680
- Gross Receipts: $1,617,543
Assets and Liabilities:
- Total Assets: $3,573,148
- Total Liabilities: $495,479
- Net Assets: $3,077,669
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$130,908
FEE FOR SERVICES
Revenue
$59,772
Organization Details
Founding Year
1971
Phone
(808) 242-5761Principal Officer
Regina S Thieman
Main Address
1935 MAIN STREET SUITE 204, WAILUKU, HI, 96793
Website
www.lokahipacific.orgNTEE Category
Code: S200 - Community improvement
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