Overview
What is Hawaiian Community Assets Inc?
Hawaiian Community Assets Inc is a nonprofit organization located at 310 Paoakalani Street 204E, Honolulu, HI 96815. Their primary mission is to empower low- and moderate-income communities, with a particular focus on Native Hawaiians, to achieve and sustain economic self-sufficiency. They accomplish this by providing education programs that include workshops on homeownership, financial literacy, debt reduction, credit repair, and saving for down payments and closing costs. The organization's purpose is to foster economic opportunities for families and individuals in Hawaii, aiming to enhance the overall well-being of the community. With a dedicated workforce of 36 employees, Hawaiian Community Assets Inc is committed to promoting financial stability and independence in the state.
Official website here: www.hawaiiancommunity.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
Hawaiian Community Assets Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization excels in its governance, with a board composed entirely of independent members and robust oversight mechanisms in place, such as a thoroughly audited financial statement and comprehensive conflict of interest policies.
Strengths highlighted include a strong program expense ratio of 77.38%, which implies that a significant portion of its funding is directed towards its programs rather than administrative costs. However, the organization does face challenges with its fundraising efficiency and working capital ratio, which may impact its financial sustainability and ability to grow in the future.
While Hawaiian Community Assets Inc demonstrates commendable governance and program focus, potential donors and stakeholders may want to consider its fundraising efficiency and liquidity issues when assessing the organization's overall financial stability and capacity for future initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Hawaiian Community Assets Inc legitimate?
Hawaiian Community Assets Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hawaiian Community Assets 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: $96,541
Professional Fundraising Fees: $0
Other Salaries and Wages: $962,395
For more financial information, click here
Official website here: www.hawaiiancommunity.net
What is the mission statement of Hawaiian Community Assets Inc?
Hawaiian Community Assets Inc is an organization dedicated to empowering low- and moderate-income communities, with a specific focus on Native Hawaiians. Their mission is to foster economic opportunities, aiming to help families and individuals in Hawaii achieve and sustain self-sufficiency. They achieve this by providing educational programs, such as workshops on homeownership and financial literacy, as well as counseling services for debt reduction, credit repair, and saving for down payments and closing costs. The organization's purpose is to contribute to the development of an economically viable society in Hawaii, benefiting both Native Hawaiians and other residents of the state.
Official website here: www.hawaiiancommunity.net
Who is the CEO of Hawaiian Community Assets Inc?
Chelsie Evans is the President of Hawaiian Community Assets Inc.
Official website here: www.hawaiiancommunity.net
What is the revenue of Hawaiian Community Assets Inc?
Hawaiian Community Assets Inc's revenue in 2022 was $2,062,855.
Official website here: www.hawaiiancommunity.net
Who are the executives of Hawaiian Community Assets Inc and what are their salaries?
The average compensation at Hawaiian Community Assets Inc during 2022 was $29,415. There are 36 employees and 5 volunteers at Hawaiian Community Assets Inc.
Here are 9 key members and their salaries:
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- Compensation: $4,375
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- Compensation: $69,902
- Related: $15,515
- Other: $10,135
Official website here: www.hawaiiancommunity.net
Where can I find the form 990 for Hawaiian Community Assets Inc?
Hawaiian Community Assets Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hawaiiancommunity.net
Learn more at the official website: www.hawaiiancommunity.net
Mission Statement of Hawaiian Community Assets Inc
Hawaiian Community Assets Inc is an organization dedicated to empowering low- and moderate-income communities, with a specific focus on Native Hawaiians. Their mission is to foster the creation and sustenance of economic opportunities for these communities, aiming to improve the lives of families and individuals within the state of Hawaii. The organization operates with the intent of providing education programs, including workshops on homeownership and financial literacy, as well as counseling services for debt reduction, credit repair, and saving for down payments and closing costs. This holistic approach enables individuals to become financially self-sufficient, thereby contributing positively to their communities.
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Impact
July, 2024
Hawaiian Community Assets Inc's impact is empowering low- and moderate-income communities, particularly Native Hawaiians, to achieve and maintain economic self-sufficiency. Through their education programs, they offer workshops on homeownership and financial literacy, as well as counseling services for debt reduction, credit repair, and saving for down payments and closing costs. Their work contributes to the development of economic opportunities for families and individuals in Hawaii, ultimately helping them achieve financial stability and access to affordable housing.
This information is meant to be a general summary of Hawaiian Community Assets 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: $1
- Program Service Revenue: $287,575
- Gross Receipts: $2,062,855
Assets and Liabilities:
- Total Assets: $1,634,050
- Total Liabilities: $874,370
- Net Assets: $759,680
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE CONTRACTS
Revenue
$237,000
FINANCIAL LITERACY
Revenue
$50,575
Organization Details
Founding Year
2000
Phone
(808) 587-7653Principal Officer
Chelsie Evans
Main Address
310 PAOAKALANI STREET 204E, HONOLULU, HI, 96815
Website
www.hawaiiancommunity.netNTEE Category
Code: L80 - Housing
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