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Makana Hale Cooperative

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 990321756 ✦ Honolulu, HI ✦ Designated as a 501(c)(3)

Overview

What is Makana Hale Cooperative?

Makana Hale Cooperative is a nonprofit organization situated in Honolulu, Hawaii. With a focus on affordability, it operates a 126-unit Limited Equity Housing Cooperative, catering to residents with low and moderate income levels. The primary mission of this cooperative is to preserve decent housing options within the reach of these income brackets, contributing positively to the local community. The cooperative employs a team of eight individuals, working diligently to uphold its purpose.


Is Makana Hale Cooperative legitimate?

Makana Hale Cooperative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Makana Hale Cooperative 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $178,788

For more financial information, click here


What is the mission statement of Makana Hale Cooperative?
Who is the CEO of Makana Hale Cooperative?
What is the revenue of Makana Hale Cooperative?
Who are the executives of Makana Hale Cooperative and what are their salaries?
Where can I find the form 990 for Makana Hale Cooperative?

Mission Statement of Makana Hale Cooperative

Makana Hale Cooperative, a limited equity housing cooperative, is dedicated to preserving and providing decent housing that is affordable for very low and moderate income families in the area. Their primary mission is to operate a 126-unit cooperative, ensuring that residents in this income bracket have access to affordable housing options. By doing so, Makana Hale Cooperative aims to contribute positively to the community by providing a stable living environment for its residents.

Impact

This information is meant to be a general summary of Makana Hale Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.




Sunday, July 21, 2024

The impact of Makana Hale Cooperative is significant as it provides affordable housing solutions for very low and moderate-income residents in Honolulu, Hawaii. By operating a 126-unit limited equity housing cooperative, Makana Hale Cooperative helps preserve decent housing that is accessible to families who may otherwise struggle to afford suitable homes in the area. This initiative directly addresses the pressing issue of housing affordability, contributing to the overall well-being and stability of the community.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $35,117
  • Program Service Revenue: $1,170,010
  • Gross Receipts: $1,266,929

    • Assets and Liabilities:
  • Total Assets: $17,153,481
  • Total Liabilities: $227,234
  • Net Assets: $16,926,247
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME

    Revenue

    $1,044,991

    EXCESS RENTAL INCOME

    Revenue

    $125,019

    Organization Details

    Founding Year

    1995

    Principal Officer

    Bernadette Addison

    Main Address

    1221 KAPIOLANI BLVD 810, HONOLULU, HI, 96814

    NTEE Category

    Code: L80 - Housing

    If you are a representative of Makana Hale Cooperative and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.