Overview
What is Hale Mahaolu Ekolu Inc?
Hale Mahaolu Ekolu Inc is a nonprofit organization situated in Kahului, Hawaii. Their primary focus is to offer affordable housing to elderly individuals with low incomes. Operating under Section 202 of the National Housing Act, they are regulated by HUD. Their mission encompasses addressing the physical, social, and psychological needs of the elderly residents, ensuring a comprehensive and holistic living environment.
Official website here: www.halemahaolu.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
Hale Mahaolu Ekolu Inc has earned a solid Three-Star rating, reflecting its strong performance in accountability and finance. The organization achieved a score of 81% in this category, indicating effective management and transparency in its operations. With a program expense ratio of 95.30%, the majority of its funds are directed towards its programs, which is a significant strength for potential donors looking for impactful charitable investments.
The nonprofit benefits from a fully independent board, with eight out of eight board members meeting this criterion. The organization has also established robust policies for conflict of interest, whistleblower protections, and document retention, which further underscores its commitment to ethical governance. These factors contribute to the high accountability score highlighted by Charity Navigator.
While the overall score is favorable, the rating is exclusively based on accountability and finance, which means potential donors may want to consider additional factors such as program effectiveness and outcomes to get a complete picture of the nonprofit's impact. Nonetheless, Hale Mahaolu Ekolu Inc demonstrates a strong foundation in financial stewardship and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Hale Mahaolu Ekolu Inc legitimate?
Hale Mahaolu Ekolu Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hale Mahaolu Ekolu 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: $144,533
For more financial information, click here
Official website here: www.halemahaolu.org
What is the mission statement of Hale Mahaolu Ekolu Inc?
Hale Mahaolu Ekolu Inc is dedicated to providing low-income housing for the elderly. Operating under Section 202 of the National Housing Act and regulated by HUD, this organization aims to offer more than just a place to live. They strive to meet the physical, social, and psychological needs of the elderly residents through their housing services. This includes providing necessary amenities and resources to enhance their overall well-being. In essence, Hale Mahaolu Ekolu Inc is committed to improving the quality of life for low-income elderly individuals by offering them suitable and supportive housing environments.
Official website here: www.halemahaolu.org
Who is the CEO of Hale Mahaolu Ekolu Inc?
Valerie M K Matsunaga is the Director of Hale Mahaolu Ekolu Inc.
Official website here: www.halemahaolu.org
What is the revenue of Hale Mahaolu Ekolu Inc?
Hale Mahaolu Ekolu Inc's revenue in 2022 was $818,431.
Official website here: www.halemahaolu.org
Who are the executives of Hale Mahaolu Ekolu Inc and what are their salaries?
Here are 19 key members and their salaries:
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- Related: $144,551
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Official website here: www.halemahaolu.org
Where can I find the form 990 for Hale Mahaolu Ekolu Inc?
Hale Mahaolu Ekolu Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.halemahaolu.org
Learn more at the official website: www.halemahaolu.org
Mission Statement of Hale Mahaolu Ekolu Inc
Hale Mahaolu Ekolu Inc, a nonprofit organization, is dedicated to providing low-income housing for the elderly. Operating under Section 202 of the National Housing Act and regulated by HUD, this organization's mission is to offer safe and affordable living spaces for elderly individuals who are economically disadvantaged. The aim is not just to provide housing but also to cater to the elderly residents' physical, social, and psychological needs, ensuring their overall well-being. Hale Mahaolu Ekolu Inc goes beyond offering mere housing, offering related services to further enhance the quality of life for its elderly residents.
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Impact
July, 2024
Hale Mahaolu Ekolu Inc's impact lies in its provision of low-income housing for the elderly in Kahului, Hawaii. By offering affordable rental housing and related services, the organization supports the physical, social, and psychological needs of the aged population. This enables elderly individuals with limited financial resources to live in a safe and supportive environment, enhancing their quality of life and ensuring they have a place to call home in their later years. Through its operation under Section 202 of the National Housing Act and regulation by HUD, Hale Mahaolu Ekolu Inc plays a crucial role in addressing the housing challenges faced by low-income elderly individuals in the community.
This information is meant to be a general summary of Hale Mahaolu Ekolu 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: $481
- Program Service Revenue: $813,438
- Gross Receipts: $818,431
Assets and Liabilities:
- Total Assets: $3,561,333
- Total Liabilities: $2,707,511
- Net Assets: $853,822
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$813,438
Organization Details
Founding Year
1987
Phone
(808) 872-4100Principal Officer
Valerie M K Matsunaga
Main Address
200 HINA AVENUE, KAHULUI, HI, 96732
Website
www.halemahaolu.orgNTEE Category
Code: L210 - Housing
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