Overview
What is Mutual Housing Association Of Hawaii?
Mutual Housing Association of Hawaii (MHAH) is a nonprofit organization situated in Honolulu, Hawaii. Their primary mission is to develop, own, and manage affordable housing for a segment of the population struggling with housing affordability, benefiting approximately 3,000 individuals. Specifically, MHAH focuses on creating multi-family rental communities catering to families earning between 20% and 80% of the median income. To support their residents, MHAH offers assistance in economic development activities and various services aimed at helping families enhance their financial stability, increase their income, and improve their overall quality of life. With a dedicated team of 48 employees, MHAH contributes to the community's economic vitality by providing affordable housing solutions.
Official website here: www.mutual-housing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Stars
The Mutual Housing Association of Hawaii has received a rating of 56%, which translates to a One-Star rating on Charity Navigator. This rating indicates concerns regarding the organization's overall accountability and financial health. While the organization boasts a fully independent board and solid governance policies, it struggles in key financial metrics, particularly in its program expense ratio, which stands at a low 15.63%.
The charity demonstrates strengths in governance with 100% independent board members and comprehensive audit and oversight procedures. It also maintains essential policies such as conflict of interest and whistleblower protections, reflecting a commitment to transparency. However, the significant liabilities-to-assets ratio and low program expense ratio suggest challenges in efficiently utilizing funds for its mission-related activities.
Overall, while the Mutual Housing Association of Hawaii shows promise in governance and policy adherence, its financial performance raises red flags that potential donors and supporters should consider. Improvements in financial management and program funding could enhance its rating and overall impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Mutual Housing Association Of Hawaii legitimate?
Mutual Housing Association Of Hawaii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mutual Housing Association Of Hawaii 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: $178,274
Professional Fundraising Fees: $0
Other Salaries and Wages: $138,497
For more financial information, click here
Official website here: www.mutual-housing.org
What is the mission statement of Mutual Housing Association Of Hawaii?
The Mutual Housing Association of Hawaii's mission is centered around developing, owning, and managing multi-family rental communities. These communities cater to families with incomes ranging between 20% and 80% of the median income. The organization's primary objective is to help these families become more self-sufficient. To achieve this, it provides affordable housing, supports economic development activities, and offers various services aimed at assisting residents in building assets, earning income, and improving their quality of life. The mission also extends to enhancing the economic vitality of the surrounding community.
Official website here: www.mutual-housing.org
Who is the CEO of Mutual Housing Association Of Hawaii?
David Nakamura is the President of Mutual Housing Association Of Hawaii.
Official website here: www.mutual-housing.org
What is the revenue of Mutual Housing Association Of Hawaii?
Mutual Housing Association Of Hawaii's revenue in 2022 was $1,341,788.
Official website here: www.mutual-housing.org
Who are the executives of Mutual Housing Association Of Hawaii and what are their salaries?
The average compensation at Mutual Housing Association Of Hawaii during 2022 was $6,599. There are 48 employees and 80 volunteers at Mutual Housing Association Of Hawaii.
Here are 9 key members and their salaries:
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- Compensation: $178,275
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- Other: $22,452
Official website here: www.mutual-housing.org
Where can I find the form 990 for Mutual Housing Association Of Hawaii?
Mutual Housing Association Of Hawaii's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mutual-housing.org
Learn more at the official website: www.mutual-housing.org
Mission Statement of Mutual Housing Association Of Hawaii
Mutual Housing Association of Hawaii, abbreviated as MHAH, is an organization committed to a significant mission. Its primary objective is to develop, own, and manage multi-family rental communities catering to families whose income falls between 20% and 80% of the median income. By providing affordable housing, MHAH aims to assist these families in becoming more self-sufficient.
Beyond just offering housing, MHAH is dedicated to empowering its target demographic. It accomplishes this through supporting economic development activities and offering supportive services. These services are designed to help residents build assets, earn income, and improve their family life and the economic vitality of their surrounding community. By doing so, MHAH contributes positively to the well-being of these families and the community at large.
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Impact
July, 2024
Mutual Housing Association Of Hawaii's impact can be seen in their dedication to developing, owning, and managing multi-family rental communities that serve families earning 20 to 80 percent of the median income. By providing safe, quality, and permanently affordable housing, this organization has positively affected approximately 3,000 individuals in Honolulu, HI.
Their mission to assist target families in becoming more self-sufficient through affordable rental housing, economic development activities, and supportive services demonstrates a commitment to improving the quality of family life and the economic vitality of the surrounding community. In essence, Mutual Housing Association Of Hawaii plays a crucial role in addressing the housing needs of a significant segment of the population who cannot afford a home, ultimately contributing to a more sustainable and equitable society.
This information is meant to be a general summary of Mutual Housing Association Of Hawaii. 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: $24,403
- Program Service Revenue: $957,464
- Gross Receipts: $1,341,788
Assets and Liabilities:
- Total Assets: $15,414,376
- Total Liabilities: $279,398
- Net Assets: $15,134,978
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSET MANAGEMENT FEES
Revenue
$668,022
RENTAL INCOME
Revenue
$290,000
INVESTMENT INCOME FROM
Revenue
-$558
Organization Details
Founding Year
1992
Phone
(808) 550-0804Principal Officer
David Nakamura
Main Address
900 FORT STREET 1690, HONOLULU, HI, 96813
Website
www.mutual-housing.orgNTEE Category
Code: L21Z - Housing
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