Kauai Housing Development Corporation
- Assets
- $12.9m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Lihue, HI
- Founding
- 12/1992
- Data as of
- 06/2022
- EIN
- 99-0298721
Organization Overview
Kauai Housing Development Corporation is located in Lihue, HI. The organization was established in 1992. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Kauai Housing Development Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kauai Housing Development Corporation 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 06/2022, Kauai Housing Development Corporation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $681.1k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPMENT OF AFFORDABLE HOUSING FOR LOW INCOME INDIVIDUALS AND FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES AFFORDABLE RENTAL UNIT TO LOW INCOME ELDERLY INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Murakoshi Vice Preside | OfficerTrustee | $0 | |
Keith Nitta Secretary | OfficerTrustee | $0 | |
Clyde Nakaya Treasurer | OfficerTrustee | $0 | |
Tom H Shigemoto President | OfficerTrustee | $0 | |
Gary Mackler Board Member | Trustee | $0 | |
Dennis T Nakahara Board Member | Trustee | $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 | $180,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $180,000 |
| Total Program Service Revenue | $931,344 |
| Investment income | $133,449 |
| 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 | $1,244,793 |
| 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 | $250,412 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,183 |
| Payroll taxes | $0 |
| Fees for services: Management | $26,642 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,462 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,040 |
| Office expenses | $7,901 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,361 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,906 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $175,519 |
| Insurance | $33,366 |
| All other expenses | $2,420 |
| Total functional expenses | $681,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,033,499 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,107 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,787,580 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,909 |
| Net Land, buildings, and equipment | $3,165,348 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,000 |
| Intangible assets | $0 |
| Other assets | $1,859,844 |
| Total assets | $12,851,287 |
| Accounts payable and accrued expenses | $17,051 |
| Grants payable | $0 |
| Deferred revenue | $14,472 |
| 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 | $3,527,147 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $353,042 |
| Total liabilities | $3,911,712 |
| Net assets without donor restrictions | $8,347,151 |
| Net assets with donor restrictions | $592,424 |
| 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 | $12,851,287 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Kauai Housing Development Corporation has recieved totaling $230,000.
| Awarding Organization | Amount |
|---|---|
Nareit Foundation Washington, DC PURPOSE: CHARITABLE CONTRIBUTION | $130,000 |
First Hawaiian Foundation Honolulu, HI PURPOSE: TO SUPPORT THE CONVERSION OF CESSPOOLS TO SEPTIC SYSTEMS AT THE HALE KUPUNA AFFORDABLE SENIOR COMPLEX FOR LOW-INCOME FAMILIES. | $50,000 |
First Hawaiian Foundation Honolulu, HI PURPOSE: TO SUPPORT THE CONVERSION OF CESSPOOLS TO SEPTIC SYSTEMS AT THE HALE KUPUNA AFFORDABLE SENIOR COMPLEX FOR LOW-INCOME FAMILIES. | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Elwyn California San Jose, CA | $38,347,314 | $73,477,787 |
Habitat For Humanity International Inc Oakland, CA | $41,053,789 | $44,589,163 |
National Community Renaissance Of California Rancho Cucamonga, CA | $192,617,949 | $51,023,842 |
Bridge Housing Corporation San Francisco, CA | $222,728,888 | $38,426,338 |
Baywood Apartments Inc Hayward, CA | $6,801,146 | $110,627 |
Eden Development Inc Hayward, CA | $30,040,019 | $4,613,123 |
Habitat For Humanity International Inc Bellflower, CA | $37,732,130 | $31,053,929 |
Millennium Housing Corporation Costa Mesa, CA | $189,019,442 | $31,052,319 |
Chinatown Community Development Center Inc San Francisco, CA | $109,257,292 | $38,436,421 |
Self Help Enterprises Visalia, CA | $105,976,522 | $29,798,676 |
Jamboree Housing Corporation Irvine, CA | $221,855,825 | $24,784,050 |
Single Room Occupancy Housing Corp Los Angeles, CA | $62,333,693 | $24,140,740 |