Overview
What is Kauai Housing Development Corp?
Kauai Housing Development Corp is a nonprofit organization situated in Lihue, Hawaii. Their primary mission is to provide affordable housing solutions for low-income individuals, including the elderly. This mission is achieved through the development of affordable housing units and assisting Kauai renters with special needs. The organization operates with a small team of two dedicated employees, committing to making a positive impact on the local community by addressing the housing needs of its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating.
Kauai Housing Development Corp has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization scores 90% overall, with the entire rating derived from its Accountability & Finance metrics. This strong score reflects effective governance practices, including a fully independent board and a solid audit and oversight framework.
The nonprofit excels in several key areas, such as maintaining a majority independent board and having no reported material diversions of assets. Its program expense ratio of 76.58% demonstrates a commitment to allocating the majority of its resources directly to its mission, which is crucial for donor confidence and impact assessment.
While the data shows robust financial practices, potential donors might still want to consider the broader context of Kauai Housing Development Corp's programmatic effectiveness and community impact, as these aspects are not reflected in the financial rating alone. Overall, the organization appears to be well-managed and accountable, making it a trustworthy option for support.
This AI summary has been generated from information found on Charity Navigator.
Is Kauai Housing Development Corp legitimate?
Kauai Housing Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kauai Housing Development Corp 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: $250,412
For more financial information, click here
What is the mission statement of Kauai Housing Development Corp?
Kauai Housing Development Corp's mission is centered around providing affordable housing solutions. The organization aims to assist individuals and families with low income, as well as those with special needs, by offering affordable rental units. Additionally, Kauai Housing Development Corp is involved in the development of low-income housing units. The corporation's primary goal is to provide affordable housing options, specifically for elderly individuals, thereby improving their living conditions.
Who is the CEO of Kauai Housing Development Corp?
Tom H Shigemoto is the Board Member of Kauai Housing Development Corp.
What is the revenue of Kauai Housing Development Corp?
Kauai Housing Development Corp's revenue in 2022 was $1,244,793.
Who are the executives of Kauai Housing Development Corp and what are their salaries?
The average compensation at Kauai Housing Development Corp during 2022 was $125,206. There are 2 employees and 12 volunteers at Kauai Housing Development Corp.
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Where can I find the form 990 for Kauai Housing Development Corp?
Kauai Housing Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kauai Housing Development Corp
Kauai Housing Development Corp is an organization dedicated to the development of affordable housing for low-income individuals and families. Their mission is to assist renters with special needs and other eligible individuals by providing them with affordable rental units. The organization is proactive in the development of low-income housing units, aiming to alleviate housing-related challenges for those in need. Specifically, Kauai Housing Development Corp focuses on providing affordable rental units for low-income elderly individuals, offering them a secure and affordable living situation. By doing so, the organization plays a significant role in ensuring that vulnerable individuals have access to safe and affordable housing, ultimately improving their quality of life.
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Impact
July, 2024
Kauai Housing Development Corp's impact lies in the development of affordable housing for low-income individuals and families on the island of Kauai. By providing affordable rental units to low-income elderly individuals, the organization plays a crucial role in addressing the housing needs of vulnerable populations in the community. The organization's mission to assist Kauai renters and others with special needs by offering affordable rental units and developing low-income housing units helps to create a more inclusive and equitable housing landscape on the island. Through their work, Kauai Housing Development Corp significantly contributes to improving the quality of life for those facing housing insecurity and financial hardship in Lihue, Hawaii.
This information is meant to be a general summary of Kauai Housing Development Corp. 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: $133,449
- Program Service Revenue: $931,344
- Gross Receipts: $1,244,793
Assets and Liabilities:
- Total Assets: $12,851,287
- Total Liabilities: $3,911,712
- Net Assets: $8,939,575
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME RENTAL INCOME
Revenue
$681,447
MANAGEMNT FEE
Revenue
$213,678
OTHER INCOME
Revenue
$36,219
Organization Details
Founding Year
1992
Phone
(808) 245-5937Principal Officer
Tom H Shigemoto
Main Address
3-3194 KUHIO HWY, LIHUE, HI, 96766
NTEE Category
Code: L20 - Housing
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