Overview
What is Phac No 1 Inc?
Phac No 1 Inc, based in Honolulu, Hawaii, is a nonprofit organization primarily focused on providing affordable housing for the elderly. They operate the "Harry & Jeanette Weinberg Seniorresidence at Maluhia," a 40-unit complex, adhering to Section 202 of the National Housing Act. The organization's primary mission, as defined by the U.S. Department of Housing and Urban Development, is to operate rental housing and facilities, benefiting elderly individuals. By offering such accommodations, Phac No 1 Inc aims to contribute positively to the elderly community in Honolulu.
Is Phac No 1 Inc legitimate?
Phac No 1 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phac No 1 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:
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Other Salaries and Wages: $31,545
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What is the mission statement of Phac No 1 Inc?
Phac No 1 Inc's mission is centered around providing benefits to elderly individuals, as defined by the U.S. Department of Housing and Urban Development. This is accomplished through the operation of rental housing and facilities. Specifically, the organization manages the Harry & Jeanette Weinberg Senior Residence at Maluhia, a complex consisting of 40 rental units, which operates under Section 202 of the National Housing Act. The primary objective is to offer affordable housing solutions for this demographic.
Who is the CEO of Phac No 1 Inc?
Collin Hoo is the Treasurer of Phac No 1 Inc.
What is the revenue of Phac No 1 Inc?
Phac No 1 Inc's revenue in 2023 was $406,699.
Who are the executives of Phac No 1 Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Phac No 1 Inc?
Phac No 1 Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Phac No 1 Inc
Phac No 1 Inc, as a nonprofit organization, is dedicated to providing beneficial rental housing and facilities for elderly individuals, in accordance with the standards set by the U.S. Department of Housing and Urban Development. Their primary mission revolves around operating and managing such housing complexes, with one notable example being the "Harry & Jeanette Weinberg Senior Residence at Maluhia," which operates under Section 202 of the National Housing Act. This 40-unit complex is specifically designed to cater to the needs of elderly residents, providing them with a safe and affordable living environment.
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Impact
October, 2024
Phac No 1 Inc plays a vital role in addressing the housing needs of elderly individuals in Honolulu, Hawaii. By operating the Harry & Jeanette Weinberg Senior Residence at Maluhia, a 40-unit rental complex, it provides affordable housing options specifically designed for senior residents. This initiative not only helps alleviate the financial burden on older adults but also fosters a sense of community and support among tenants.
The organization’s commitment to affordable housing contributes significantly to enhancing the quality of life for seniors, enabling them to maintain independence while having access to necessary services. Through its facilities, Phac No 1 Inc promotes social interaction and well-being, ensuring that elderly individuals have a safe, comfortable, and supportive environment to thrive.
This information is meant to be a general summary of Phac No 1 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: $296
- Program Service Revenue: $120,644
- Gross Receipts: $406,699
Assets and Liabilities:
- Total Assets: $3,117,266
- Total Liabilities: $2,663,915
- Net Assets: $453,351
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$120,644
Organization Details
Founding Year
1992
Phone
(808) 523-5681Principal Officer
Collin Hoo
Main Address
888 IWILEI ROAD 200, HONOLULU, HI, 96817
NTEE Category
Code: L210 - Housing
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