Malulani Hale
- Assets
- $15.9m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 4
- Location
- Honolulu, HI
- Founding
- 06/1975
- Data as of
- 09/2023
- EIN
- 51-0145260
Organization Overview
Malulani Hale is located in Honolulu, HI. The organization was established in 1975. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Malulani Hale employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Malulani Hale is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Malulani Hale generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $1.7m during the year ending 09/2023. While expenses have increased by 7.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE AND MAINTAIN HOUSING FOR THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Nagasawa Treasurer/director | OfficerTrustee | 1 | $0 |
Sister Helene Wood Director | Trustee | 1 | $0 |
Sister Regina Mary Jenkins President | Officer | 2 | $0 |
Alfredo Lee Vice President | Officer | 1 | $0 |
Sister Mary Josephine Araki Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,481,124 |
| Investment income | $32,167 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,656,660 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $170,359 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,101 |
| Payroll taxes | $14,934 |
| Fees for services: Management | $144,347 |
| Fees for services: Legal | $7,582 |
| Fees for services: Accounting | $6,387 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,617 |
| Advertising and promotion | $0 |
| Office expenses | $11,831 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $180,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $234,287 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $244,470 |
| Insurance | $68,134 |
| All other expenses | $72,508 |
| Total functional expenses | $1,655,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,488,875 |
| Savings and temporary cash investments | $4,452,007 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,044 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $34,087 |
| Net Land, buildings, and equipment | $646,791 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,701,258 |
| Other assets | $1,606,381 |
| Total assets | $15,938,443 |
| Accounts payable and accrued expenses | $252,558 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,751,726 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $200,815 |
| Total liabilities | $7,205,099 |
| Net assets without donor restrictions | $8,733,344 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,938,443 |