Overview
What is Hawaii Housing Development Corp?
Hawaii Housing Development Corp, located at 1110 University Ave, Honolulu, HI 96826, is a nonprofit organization dedicated to alleviating the financial burden on the State of Hawaii and its counties. They achieve this by developing, managing, owning, rehabilitating, and promoting the development of affordable housing projects. Notably, they have successfully completed eleven such projects in collaboration with the City and County of Honolulu. The organization's mission extends beyond construction, aiming to contribute positively to the community and improve housing accessibility for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star Rating
Hawaii Housing Development Corp has received an overall score of 86%, indicating a strong level of accountability and finance management. The rating is derived solely from its performance in the Accountability & Finance category, showcasing the organization's commitment to maintaining high standards in these areas. The charity has demonstrated excellent governance practices, with an entirely independent board and a comprehensive conflict of interest policy.
The organization excels in various metrics, including a high percentage of independent board members and no material diversion of assets, both of which reflect strong oversight and ethical practices. Additionally, the Liabilities to Assets ratio is exceptionally low at 1.12%, which suggests sound financial health. However, its Program Expense Ratio of 63.36% suggests that there may be room for improvement in allocating funds more toward its programs rather than administrative costs.
Overall, Hawaii Housing Development Corp shows a commendable performance in accountability and financial management, though its program expense allocation could benefit from further examination to enhance its impact. The high scores in governance indicate a well-structured organization, positioning it as a reliable option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Hawaii Housing Development Corp legitimate?
Hawaii Housing Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hawaii 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.
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What is the mission statement of Hawaii Housing Development Corp?
The Hawaii Housing Development Corp's mission is centered around alleviating the responsibilities of the State of Hawaii and its local governments. The organization achieves this by engaging in various activities such as developing, managing, owning, and even promoting the development of housing projects. They also undertake the rehabilitation of existing properties. The primary objective is to lessen the financial burden on these governments by providing housing solutions. The corporation has demonstrated its commitment to this mission by completing eleven affordable housing projects in collaboration with the City and County of Honolulu.
Who is the CEO of Hawaii Housing Development Corp?
Randolph Moore is the Principal Officer of Hawaii Housing Development Corp.
What is the revenue of Hawaii Housing Development Corp?
Hawaii Housing Development Corp's revenue in 2022 was $0.
Who are the executives of Hawaii Housing Development Corp and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Hawaii Housing Development Corp?
Hawaii Housing Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hawaii Housing Development Corp
Hawaii Housing Development Corp (HHDC) is a nonprofit organization with a mission to alleviate the financial burden on the governments of Hawaii and its counties. They achieve this by engaging in various activities, including the development, management, ownership, rehabilitation, and promotion of the development of affordable housing projects. This mission aims to provide affordable housing solutions, thereby easing the financial strain for individuals and families in need. To illustrate their commitment, HHDC has completed construction on eleven affordable housing projects in collaboration with the City and County of Honolulu.
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Impact
October, 2024
Hawaii Housing Development Corp (HHDC) significantly impacts the local community by addressing the critical need for affordable housing in Hawaii. By completing construction on eleven affordable housing projects within the City and County of Honolulu, HHDC is actively working to alleviate housing challenges faced by residents. This initiative not only provides access to essential housing for families and individuals but also supports the overall economic stability of the region. By managing, rehabilitating, and promoting development, HHDC effectively reduces the financial strain on the state and local governments while enhancing the quality of life for numerous citizens. Their efforts contribute to creating sustainable communities and improving housing accessibility across the islands.
This information is meant to be a general summary of Hawaii 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: $310
- Program Service Revenue: $780,267
Assets and Liabilities:
- Total Assets: $28,486,915
- Total Liabilities: $322,648
- Net Assets: $28,164,267
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCENTIVE MANANGEMENT FEES
Revenue
$780,267
Organization Details
Founding Year
1993
Phone
(808) 949-5588Principal Officer
Randolph Moore
Main Address
1110 UNIVERSITY AVE, HONOLULU, HI, 96826
NTEE Category
Code: Z99Z - Unknown
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