Overview
What is Hale Mahaolu Eono (5) Inc?
Hale Mahaolu Eono (5) Inc is a nonprofit organization that specializes in providing affordable housing for the elderly. Operating under Section 202 of the National Housing Act and regulated by the Department of Housing and Urban Development (HUD), this organization offers homes to senior citizens. They have a contract with HUD through the Section 8 Project Rental Assistance program, ensuring the elderly can reside in these accommodations with financial assistance.
Official website here: www.halemahaolu.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating. Hale Mahaolu Eono (5) Inc has achieved an impressive score primarily based on its accountability and finance metrics, indicating strong management practices. The rating reflects the organization’s transparency and ethical governance, factors critical for donor trust.
The organization boasts a fully independent board, which enhances its credibility and governance structure. It has no reported asset diversions and maintains a high program expense ratio of 91.80%, suggesting that a significant portion of its funds is directed toward its programs rather than administrative costs. Additionally, Hale Mahaolu Eono supports various accountability policies, including conflict of interest and whistleblower protections.
While the rating is exceptionally high, it is important for potential donors to consider the impact of the organization's programs and how effectively they meet their mission objectives. Overall, Hale Mahaolu Eono demonstrates strong financial health and ethical governance, which are key indicators of a trustworthy nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Hale Mahaolu Eono (5) Inc legitimate?
Hale Mahaolu Eono (5) Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hale Mahaolu Eono (5) 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,253
For more financial information, click here
Official website here: www.halemahaolu.org
What is the mission statement of Hale Mahaolu Eono (5) Inc?
Hale Mahaolu Eono (5) Inc is dedicated to providing affordable housing for the elderly. This mission is carried out under Section 202 of the National Housing Act, and the organization is regulated by HUD. The organization has a Section 8 project rental assistance contract with HUD, which allows them to offer low-income housing solutions to the elderly population. Their primary focus is on ensuring that elderly individuals have access to safe and affordable housing, thereby enhancing their quality of life.
Official website here: www.halemahaolu.org
Who is the CEO of Hale Mahaolu Eono (5) Inc?
Valerie M K Matsunaga is the Director of Hale Mahaolu Eono (5) Inc.
Official website here: www.halemahaolu.org
What is the revenue of Hale Mahaolu Eono (5) Inc?
Hale Mahaolu Eono (5) Inc's revenue in 2022 was $64,933.
Official website here: www.halemahaolu.org
Who are the executives of Hale Mahaolu Eono (5) Inc and what are their salaries?
Here are 19 key members and their salaries:
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- Related: $255,227
- Other: $64,000
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- Related: $133,520
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Official website here: www.halemahaolu.org
Where can I find the form 990 for Hale Mahaolu Eono (5) Inc?
Hale Mahaolu Eono (5) Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.halemahaolu.org
Learn more at the official website: www.halemahaolu.org
Mission Statement of Hale Mahaolu Eono (5) Inc
Hale Mahaolu Eono (5) Inc, a nonprofit organization, is dedicated to providing low-income housing for the elderly. Operating under Section 202 of the National Housing Act, this organization is regulated by HUD. Their mission is to offer suitable living accommodations for the elderly population, ensuring they have a secure and comfortable environment. To facilitate this, Hale Mahaolu Eono (5) Inc has entered into a Section 8 Project Rental Assistance contract with HUD, enabling them to provide affordable housing solutions for this vulnerable group. In essence, the organization's purpose is to enhance the living conditions of elderly individuals by providing them with suitable housing options, ensuring they can age with dignity and security.
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Impact
August, 2024
Hale Mahaolu Eono (5) Inc's impact is significant in providing low-income housing for the elderly in Kahului, Hawaii. Through their operation under Section 202 of the National Housing Act and regulation by HUD, they have successfully offered affordable housing options to senior citizens in need. By facilitating access to housing through their Section 8 project rental assistance contract with HUD, they have made a positive difference in the lives of the elderly population, ensuring they have a safe and comfortable place to call home.
This information is meant to be a general summary of Hale Mahaolu Eono (5) 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: $121
- Program Service Revenue: $64,279
- Gross Receipts: $64,933
Assets and Liabilities:
- Total Assets: $918,233
- Total Liabilities: $16,282
- Net Assets: $901,951
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$64,279
Organization Details
Founding Year
2000
Phone
(808) 872-4100Principal Officer
Valerie M K Matsunaga
Main Address
200 HINA AVENUE, KAHULUI, HI, 96732
Website
www.halemahaolu.orgNTEE Category
Code: L21 - Housing
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