Overview
What is The Lighthouse Inc?
The Lighthouse Inc, a nonprofit organization situated in Honolulu, Hawaii, is dedicated to providing affordable housing solutions for adults battling serious mental illnesses. With a mission to support and accommodate these individuals, they own and operate an affordable group home, offering a comfortable living space for 17 clients. Their primary activity involves ensuring the well-being and stability of these residents, striving to create a supportive environment that aids in their recovery and overall improvement of quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
The Lighthouse Inc has received a 79% rating from Charity Navigator, indicating a solid level of accountability and financial management. This score is derived entirely from its Accountability & Finance metrics, demonstrating the organization's commitment to responsible stewardship of its resources. The charity shows strong governance practices, including a fully independent board and well-documented policies regarding conflicts of interest and whistleblower protections.
The organization excels in program expenses, with 88.79% of its expenditures directed towards its programs, which speaks to its effectiveness in delivering services. However, a significant concern raised is the liabilities to assets ratio, which stands at 155.32%. This suggests that the organization has more liabilities than assets, raising questions about its financial sustainability and long-term viability.
Overall, while The Lighthouse Inc is commendable for its governance and program expense management, potential donors and stakeholders may want to consider the implications of its high liabilities in relation to its assets. This aspect could affect the charity's ability to weather financial challenges in the future.
This AI summary has been generated from information found on Charity Navigator.
Is The Lighthouse Inc legitimate?
The Lighthouse Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lighthouse 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: $0
For more financial information, click here
What is the mission statement of The Lighthouse Inc?
The Lighthouse Inc's mission is centered around providing affordable housing solutions. Specifically, they operate a group home for adults grappling with serious mental illnesses. Their primary goal is to offer affordable rental accommodations to these individuals, aiming to support their wellbeing and independence. As demonstrated by their past actions, they have served 17 clients in this capacity, indicating their commitment to this cause.
Who is the CEO of The Lighthouse Inc?
Melinda Yamaga is the Principal Officer of The Lighthouse Inc.
What is the revenue of The Lighthouse Inc?
The Lighthouse Inc's revenue in 2022 was $68,693.
Who are the executives of The Lighthouse Inc and what are their salaries?
Here are 11 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
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Lighthouse Inc?
The Lighthouse Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Lighthouse Inc
The Lighthouse Inc, a nonprofit organization, is dedicated to providing affordable rental housing for individuals grappling with serious mental illnesses. Their mission is to own and operate a group home that caters specifically to these individuals, offering them a safe and supportive living environment. By doing so, The Lighthouse Inc aims to alleviate the housing challenges faced by these individuals, thereby contributing to their overall well-being and recovery. In the past, they have served 17 such clients, demonstrating their commitment to this cause.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
The impact of The Lighthouse Inc is profound as it provides much-needed affordable housing for individuals with serious mental illnesses. By owning and operating a group home in Honolulu, Hawaii, The Lighthouse Inc has served 17 clients, offering them a supportive and stable environment to help manage their conditions. This initiative directly contributes to the well-being and quality of life of individuals facing mental health challenges, exemplifying its commitment to human services.
This information is meant to be a general summary of The Lighthouse 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: $13
- Program Service Revenue: $68,680
- Gross Receipts: $68,693
Assets and Liabilities:
- Total Assets: $791,812
- Total Liabilities: $1,229,877
- Net Assets: -$438,065
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$68,680
Organization Details
Founding Year
1989
Phone
(808) 737-2523Principal Officer
Melinda Yamaga
Main Address
1221 KAPIOLANI BLVD STE 345, HONOLULU, HI, 96814
NTEE Category
Code: P80 - Human services
If you are a representative of The Lighthouse Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.