Overview
What is Papaaloa Housing Inc?
Papaaloa Housing Inc, established in Hilo, Hawaii, is a dedicated nonprofit organization with a mission to foster affordable rental housing primarily on the island. As of March 2022, the organization holds a significant stake in Papa'aloa Elderly Housing Limited Partnership, which manages the property holdings. Their primary objective is to make housing more accessible and affordable for the community they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
Papaaloa Housing Inc has achieved a commendable Four-Star out of Four Star rating from Charity Navigator, reflecting its strong performance in the area of accountability and finance. The rating is determined solely by the Accountability & Finance beacon, where the organization scored an impressive 94%. This high score indicates a robust commitment to transparency and responsible financial management.
The organization boasts a fully independent board, demonstrating a commitment to governance with 100% independent board members. Additionally, it has robust policies in place, including conflict of interest and whistleblower policies, which enhance its accountability. With a low liabilities to assets ratio of 3.14% and an impressive program expense ratio of 95.20%, Papaaloa Housing Inc effectively utilizes its resources towards its mission.
While the overall ratings are excellent, the summary does not provide detailed information on the specific programs or impact of the organization. Nonetheless, the financial health and governance practices of Papaaloa Housing Inc are noteworthy, indicating a reliable choice for donors seeking to support a responsible nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Papaaloa Housing Inc legitimate?
Papaaloa Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Papaaloa Housing 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.
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What is the mission statement of Papaaloa Housing Inc?
Papaaloa Housing Inc's mission is centered around the development of affordable rental housing. The organization is committed to this goal, aiming to make housing more accessible for various individuals. As of March 31, 2022, Papaaloa Housing holds a significant stake in Papa'aloa Elderly Housing Limited Partnership, which owns properties for this purpose. This company is dedicated to providing affordable housing solutions, primarily on the island of Hawaii.
Who is the CEO of Papaaloa Housing Inc?
Donn Mende is the Director of Papaaloa Housing Inc.
What is the revenue of Papaaloa Housing Inc?
Papaaloa Housing Inc's revenue in 2023 was $1,082,595.
Who are the executives of Papaaloa Housing Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Papaaloa Housing Inc?
Papaaloa Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Papaaloa Housing Inc
Papaaloa Housing Inc, a nonprofit organization, is dedicated to providing affordable housing. With a strong mission, Papaaloa Housing pursues the development of cost-effective rental properties primarily on the island of Hawaii. Their primary goal is to make housing accessible for a wide range of individuals, ensuring that everyone has a place to call home. As of March 31, 2022, Papaaloa Housing Inc holds a significant stake in Papa'aloa Elderly Housing Limited Partnership, an organization that owns properties in Hilo, HI. Through their investments and development efforts, Papaaloa Housing Inc continues to contribute to the affordable housing landscape, making a meaningful impact in the lives of those in need.
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Impact
July, 2024
Papaaloa Housing Inc's impact is significant in providing affordable housing in Hilo, Hawaii. The organization is dedicated to developing affordable rental housing on the island of Hawaii, particularly focusing on serving the local community. By owning a general partner interest in Papa'aloa Elderly Housing Limited Partnership, Papaaloa Housing Inc plays a vital role in offering affordable housing options to those in need. This directly contributes to addressing the housing challenges faced by individuals and families in the area, making a positive difference in the lives of many residents.
This information is meant to be a general summary of Papaaloa Housing 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: $62,565
- Gross Receipts: $1,082,595
Assets and Liabilities:
- Total Assets: $3,507,053
- Total Liabilities: $110,307
- Net Assets: $3,396,746
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Organization Details
Founding Year
1984
Phone
(808) 969-3327Principal Officer
Donn Mende
Main Address
688 KINOOLE STREET 102, HILO, HI, 96720
NTEE Category
Code: L22Z - Housing
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