Overview
What is Hawaii Island Community Development Corporation?
Hawaii Island Community Development Corporation, established in 1986, is a nonprofit organization located in Hilo, Hawaii. Its primary mission is to offer suitable housing options and related activities for families with low and moderate income. Over the years, the corporation has made significant strides, completing 371 homes for such families predominantly on the Island of Hawaii. Additionally, they have collaborated with families to secure 14 USDA Rural Development Section 502 Direct Loans, contributing to projects like HPP8 and Ainaloa Phases 1-2. With a team of 7 dedicated individuals, Hawaii Island Community Development Corporation continues its commitment to improving housing opportunities for the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Stars
Hawaii Island Community Development Corporation has received an 81% score, indicating a solid performance in accountability and finance, as reflected in its Three-Star rating. The organization excels in maintaining an independent board, with 100% of its board members being independent. It has strong policies in place for audit oversight, conflict of interest, and document retention, contributing positively to its overall governance.
The financial management of the organization demonstrates a high program expense ratio of 94.82%, suggesting that a significant portion of its funds is directed towards its programs rather than administrative costs. However, the liabilities to assets ratio stands at 67.09%, which could indicate a higher level of debt relative to its assets, a factor that may warrant further scrutiny.
Despite the organization's strengths, some users may be concerned about the compensation levels of its key personnel, with the Executive Director earning $183,600. While the salaries are still within reasonable ranges for nonprofit leaders, they can draw attention in discussions of financial stewardship and resource allocation. Overall, Hawaii Island Community Development Corporation showcases effective oversight and a commitment to its mission, though attention to its financial ratios and executive compensation may be beneficial.
This AI summary has been generated from information found on Charity Navigator.
Is Hawaii Island Community Development Corporation legitimate?
Hawaii Island Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hawaii Island Community Development Corporation 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: $361,204
Professional Fundraising Fees: $0
Other Salaries and Wages: $224,369
For more financial information, click here
What is the mission statement of Hawaii Island Community Development Corporation?
The Hawaii Island Community Development Corporation, established in 1986, was founded with a mission to address the housing needs of families with low and moderate income. This organization aims to acquire, construct, and engage in housing-related activities to provide adequate housing solutions for these families. Since 1992, the corporation has been actively involved in self-help housing projects, completing 371 homes for low-income families primarily on the island of Hawaii. Additionally, the corporation has collaborated with families to facilitate USDA Rural Development Section 502 Direct Loans for specific projects.
Who is the CEO of Hawaii Island Community Development Corporation?
Nancy Crawford is the Director of Hawaii Island Community Development Corporation.
What is the revenue of Hawaii Island Community Development Corporation?
Hawaii Island Community Development Corporation's revenue in 2022 was $1,165,639.
Who are the executives of Hawaii Island Community Development Corporation and what are their salaries?
The average compensation at Hawaii Island Community Development Corporation during 2022 was $83,653. There are 7 employees at Hawaii Island Community Development Corporation.
Here are 9 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
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $53,600
- Related: $130,000
- Other: $2,144
- Compensation: $114,000
- Related: $0
- Other: $4,560
- Compensation: $83,927
- Related: $28,073
- Other: $3,357
Where can I find the form 990 for Hawaii Island Community Development Corporation?
Hawaii Island Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hawaii Island Community Development Corporation
The Hawaii Island Community Development Corporation, established in 1986, is dedicated to addressing the housing needs of families with low and moderate income. Its mission is multifaceted, encompassing the acquisition, construction, and provision of housing-related activities. The organization aims to ensure that these families have access to adequate housing, thereby contributing to their overall well-being. Since 1992, the Hawaii Island Community Development Corporation has been actively involved in self-help housing projects, completing a significant number of homes for these families. By the end of 2022, the corporation had successfully constructed 371 homes, primarily on the Island of Hawaii. In addition to its housing projects, the corporation has also worked with families to facilitate the closure of 14 USDA Rural Development Section 502 Direct Loans for the HPP8 and Ainaloa Phases 1-2 projects. This underscores the corporation's commitment to providing housing solutions and related services to families in need.
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Impact
July, 2024
Hawaii Island Community Development Corporation has had a significant impact on the community by providing families with low and moderate incomes access to adequate housing opportunities. Since 1992, HICDC has completed 371 homes for low-income families, primarily on the island of Hawaii. Additionally, they have assisted families in securing 14 USDA Rural Development Section 502 Direct Loans for housing projects. Through their efforts, HICDC has helped improve the housing situation for many families in need on the island of Hawaii.
This information is meant to be a general summary of Hawaii Island Community Development Corporation. 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: $1,706
- Program Service Revenue: $852,144
- Gross Receipts: $1,165,639
Assets and Liabilities:
- Total Assets: $37,304,021
- Total Liabilities: $25,032,967
- Net Assets: $12,271,054
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELDERLY & OTHER PROJEC
Revenue
$521,145
TECHNICAL ASSISTANCE U
Revenue
$325,190
ELDERLY PROJECTS SERVI
Revenue
$5,809
Organization Details
Founding Year
1986
Phone
(808) 969-1158Principal Officer
Nancy Crawford
Main Address
100 PAUAHI STREET 201, HILO, HI, 96720
NTEE Category
Code: L20Z - Housing
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