ST FRANCIS DEVELOPMENT CORPORATION

EIN: 203154399 501(c)(3)

HONOLULU, HI

Total Revenue
$106,319
Total Expenses
$14,773
Total Assets
$71,823
Net Assets
$-1,744,626
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
HI
Principal Officer
KATHLEEN MORIMOTO
Phone
8085478066
Tax Period
2024-07-01 to 2025-06-30

ST FRANCIS DEVELOPMENT CORPORATION, founded in 2005, is a small nonprofit that reported $106K in total revenue in fiscal year 2024. The organization ran a surplus of $92K, a strong 86% operating margin.

Mission

ST. FRANCIS DEVELOPMENT CORPORATION, A NOT-FOR-PROFIT ORGANIZATION AFFILIATED WITH ST. FRANCIS RESIDENTIAL CARE COMMUNITY, SERVES AS THE SPONSOR/DEVELOPER FOR FRANCISCAN VISTAS EWA, A SENIOR INDEPENDENT LIVING COMMUNITY. IN MAY 2011, FRANCISCAN VISTAS EWA COMPLETED ITS AFFORDABLE LIVING COMMUNITY THROUGH A COLLABORATIVE EFFORT WITH THE STATE OF HAWAII, CITY & COUNTY OF HONOLULU AND PRIVATE LENDERS AND INVESTORS. AS PART OF ST. FRANCIS HEALTHCARE SYSTEM OF HAWAII, ST. FRANCIS DEVELOPMENT CORPORATION, IN CONJUNCTION WITH ST. FRANCIS RESIDENTIAL CARE COMMUNITY, CARRIES ON THE LEGACY OF ST. MARIANNE COPE AND THE SISTERS OF ST. FRANCIS, WHO CAME TO THE ISLANDS IN 1883 TO CARE FOR THOSE AFFLICTED WITH HANSEN'S DISEASE. ST. FRANCIS DEVELOPMENT CORPORATION CONTINUES THIS TRADITION OF IDENTIFYING NEEDS AND MEETING THEM TO CREATE HEALTHY COMMUNITIES IN THE SPIRIT OF CHRIST'S HEALING MINISTRY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $106,319
TOTAL REVENUE $106,319

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $14,773
TOTAL EXPENSES $14,773

Year-over-Year Comparison

2024 2023 Change
Revenue $106,319 N/A N/A
Expenses $14,773 $4,100 +2.6%
Net Income $91,546 $-4,100 -23.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
3
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$716,715
Total Directors
4
$320,601
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
IVAN LUI-KWAN CHAIR 1.00
Officer Director
$0 $0 $0
THOMAS DENNISON VICE CHAIR 1.00
Officer Director
$0 $0 $0
LYNN BABINGTON SECRETARY 1.00
Officer Director
$0 $0 $0
KATHLEEN MORIMOTO PRESIDENT, CEO, DIRECTOR 2.00
Officer Director
$0 $19,311 $320,601
CRAIG SHANER TREASURER 2.00
Officer
$0 $24,243 $223,288
LAURIE RASMUSSEN VICE PRESIDENT 2.00
Officer
$0 $17,689 $172,826
SUSAN HARAMOTO ASSISTANT SECRETARY 2.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $106,319 $14,773 $71,823 $91,546
2024 No data $4,100 $21,450 No data
2023 No data $9,436 $83,597 No data
2022 $32,378 $30,540 $89,116 $1,838
2021 $277,901 $7,499 $279,738 $270,402
2020 No data $75,988 $286,837 No data
2019 No data $120,358 $2,271,414 No data
2018 No data $120,021 $2,470,082 No data
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