HOMESTEAD COMMUNITY DEVELOPMENT CORP (EIN 272012662) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

KARA CHOW

Phone

8084314067

Tax Period

2023-11-01 to 2024-10-31

HOMESTEAD COMMUNITY DEVELOPMENT CORP, founded in 2009, is a community nonprofit in the Human Services sector that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $523K, a strong 19% operating margin.

Mission

TO DEVELOP AND FACILITATE THE DEVELOPMENT OF HOMESTEAD PROJECTS AND PROGRAMS THAT PROMOTE ECONOMIC DEVELOPMENT, HOMESTEAD ASSOCIATION CAPACITY TO OWN OR OPERATE COMMUNITY FACILITIES AND OTHER PROJECTS LOCATED ON THE LANDS ESTABLISHED UNDER THE HAWAIIAN HOMES COMMISSION ACT.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,353,072

Program Service Revenue $998,520

Investment Income $0

Other Revenue $367,803

TOTAL REVENUE $2,719,395

Expense Breakdown

Grants Paid $178,335

Salaries & Benefits $661,156

Fundraising Expenses $4,984

Program Expenses $1,901,291

Other Expenses $1,357,320

TOTAL EXPENSES $2,196,811

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,719,395	$2,120,065	+0.3%
Expenses	$2,196,811	$1,557,344	+0.4%
Net Income	$522,584	$562,721	-0.1%

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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$153,787

Total Directors

$220,981

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JORDYN DANNER	CO-EXEC. DIREC.	40.00	Officer Director	$72,508	$16,271	$88,779
DAVE MILLER	DEPUTY DIRECTOR	40.00	Director	$50,923	$16,271	$67,194
KARA CHOW	CO-EXEC. DIR.	40.00	Officer Director	$65,008	$0	$65,008
LILIA KAPUNIAI	CHAIR	2.00	Officer Director	$0	$0	$0
KAMMY PURDY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DANIEL ORNELLAS	SECR./TREAS.	1.00	Officer Director	$0	$0	$0
MAILE LU'UWAI	Director	1.00	Director	$0	$0	$0
LIBERTA ALBAO	Director	1.00	Director	$0	$0	$0
JANICE HERRICK	Director	1.00	Director	$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
2024	$2,719,395	$2,196,811	$9,468,904	$522,584
2023	$2,120,065	$1,557,344	$4,324,358	$562,721
2022	$2,514,935	$1,910,533	$3,755,135	$604,402
2020	$1,186,499	$1,201,224	$2,314,831	$-14,725
2019	$802,700	$838,852	$1,870,809	$-36,152
2018	$652,199	$602,744	$1,750,789	$49,455
2017	$580,610	$403,600	$1,744,293	$177,010

HOMESTEAD COMMUNITY DEVELOPMENT CORP