Overview
What is Housing Solutions Inc?
Housing Solutions Inc, situated in Honolulu, Hawaii, is a nonprofit organization dedicated to addressing homelessness in the state. Their primary mission involves developing and managing both transitional and long-term supportive affordable housing, aiming to promote self-sufficiency for the homeless population. The organization offers services such as rapid rehousing, where they administer funds for rent, utilities, security deposits, and landlord incentives to assist 312 households. Their reach extends to providing a total of 35 employees in their operations.
Official website here: www.hsisservices.net
What are the reviews and ratings of this charity?
Housing Solutions Inc has received a 96% rating from Charity Navigator, achieving a Four-Star out of Four Stars designation. This high score reflects the nonprofit's strong commitment to accountability and financial transparency. With a perfect score in key areas such as board independence and financial oversight, it is evident that the organization is well-managed and adheres to rigorous standards of governance.
The organization demonstrates fiscal health with an impressive program expense ratio of 94.15%, indicating that a significant majority of its funds are allocated towards its core programs. Additionally, its low liabilities to assets ratio of 13.06% suggests sound financial management and stability. However, it's important to note that some transparency aspects, such as the posting of the tax form on its website, are not fully compliant.
User reviews from GreatNonprofits are not available at this time, which limits additional insights into public sentiment regarding the organization's impact and service. Nonetheless, the strong metrics from Charity Navigator illustrate Housing Solutions Inc's dedication to effectively managing resources and serving its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Solutions Inc legitimate?
Housing Solutions Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Solutions 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: $210,860
Professional Fundraising Fees: $0
Other Salaries and Wages: $726,505
For more financial information, click here
Official website here: www.hsisservices.net
What is the mission statement of Housing Solutions Inc?
Housing Solutions Inc's mission is centered around promoting self-sufficiency for the homeless population. They accomplish this by developing and managing transitional and long-term supportive affordable housing. The organization's mission is to help individuals transition out of homelessness and achieve independence. They provide crucial administrative services and financial aid, such as paying rent, utilities, security deposits, and offering landlord incentives, through funds from the City and County of Honolulu. These initiatives facilitate the rapid rehousing of households, as demonstrated by their service to 312 families.
Official website here: www.hsisservices.net
Who is the CEO of Housing Solutions Inc?
Michael Curtis is the Chair of Housing Solutions Inc.
Official website here: www.hsisservices.net
What is the revenue of Housing Solutions Inc?
Housing Solutions Inc's revenue in 2022 was $10,529,099.
Official website here: www.hsisservices.net
Who are the executives of Housing Solutions Inc and what are their salaries?
The average compensation at Housing Solutions Inc during 2022 was $26,782. There are 35 employees and 4 volunteers at Housing Solutions Inc.
Here are 6 key members and their salaries:
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- Other: $0
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- Compensation: $207,315
- Related: $0
- Other: $7,147
- Compensation: $150,245
- Related: $0
- Other: $13,042
Official website here: www.hsisservices.net
Where can I find the form 990 for Housing Solutions Inc?
Housing Solutions Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hsisservices.net
Learn more at the official website: www.hsisservices.net
Mission Statement of Housing Solutions Inc
Housing Solutions Inc, a nonprofit organization, is dedicated to promoting programs that foster self-sufficiency among Hawaii's homeless population. This is achieved through the development and management of both transitional and affordable long-term housing. The mission of Housing Solutions Inc is to provide supportive housing solutions that help individuals transition from homelessness to independence. By offering affordable housing options, the organization aims to provide a stable environment where individuals can focus on rebuilding their lives and achieving self-sufficiency.
One of the key programs offered by Housing Solutions Inc is the Rapid Rehousing Program. This program provides essential services such as administration, payment of rent, utilities, security deposits, and landlord incentives. Through funds provided by the City and County of Honolulu, Housing Solutions Inc has successfully served 312 households through this program, facilitating their rapid rehousing. This initiative not only provides individuals with a roof over their heads but also a stepping stone towards self-sufficiency.
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Impact
July, 2024
Housing Solutions Inc, based in Honolulu, Hawaii, has a significant impact on promoting self-sufficiency for the homeless in the area. Through their rapid rehousing program, they have provided essential services such as rent, utilities, security deposits, and landlord incentives to 312 households, facilitating their transition to stable housing. This initiative not only addresses the immediate housing needs of individuals and families experiencing homelessness but also creates opportunities for long-term housing stability and self-sufficiency. By focusing on developing and managing transitional and long-term supportive affordable housing, Housing Solutions Inc actively works towards enhancing the quality of life for those in need in Honolulu.
This information is meant to be a general summary of Housing Solutions 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 2022.
- Investment Income: $2
- Program Service Revenue: $8,752,408
- Gross Receipts: $10,529,099
Assets and Liabilities:
- Total Assets: $17,961,424
- Total Liabilities: $3,416,757
- Net Assets: $14,544,667
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RAPID REHOUSING PROGRAM
Revenue
$6,308,966
RENTAL INCOME
Revenue
$1,948,131
LOW-INCOME PROPERTY MANAGEMENT
Revenue
$367,627
TENANT SERVICES
Revenue
$87,300
PARKING
Revenue
$40,384
Organization Details
Founding Year
1986
Phone
(808) 271-0880Principal Officer
Michael Curtis
Main Address
2734 SOUTH KING ST 100, HONOLULU, HI, 96826
Website
www.hsisservices.netNTEE Category
Code: L41 - Housing
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