KEKAULIKE COURTYARDS CORPORATION

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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

2000

Legal Domicile

Principal Officer

DEE DARBY

Phone

8085500804

Tax Period

2023-01-01 to 2023-12-31

KEKAULIKE COURTYARDS CORPORATION, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $831K in total revenue in fiscal year 2023.

Mission

THE MISSION IS TO DEVELOP, OWN AND MANAGE MULTI-FAMILY RENTAL COMMUNITIES SERVING FAMILIES EARNING 20 TO 80 PERCENT OF MEDIAN INCOME. THE ORGANIZATION WILL ASSIST ITS TARGET FAMILIES TO BECOME MORE SELF SUFFICIENT THROUGH THE PROVISION OF AFFORDABLE RENTAL HOUSING, SUPPORT FOR ECONOMIC DEVELOPMENT ACTIVITIES AND SUPPORTIVE SERVICES AIMED AT ASSISTING RESIDENTS TO BUILD ASSETS, EARN INCOME AND IMPROVE THE QUALITY OF FAMILY LIFE AND THE ECONOMIC VITALITY OF THE SURROUNDING COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $819,035 Revenue: $810,202

TO DEVELOP, OWN AND MANAGE SAFE, QUALITY, PERMANENTLY AFFORDABLE HOUSING FOR A GROWING SEGMENT OF THE POPULATION WHICH CAN NO LONGER AFFORD A HOME. APPROXIMATELY 135 INDIVIDUALS BENEFITED FROM...

TO DEVELOP, OWN AND MANAGE SAFE, QUALITY, PERMANENTLY AFFORDABLE HOUSING FOR A GROWING SEGMENT OF THE POPULATION WHICH CAN NO LONGER AFFORD A HOME. APPROXIMATELY 135 INDIVIDUALS BENEFITED FROM SERVICES.

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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 $0

Program Service Revenue $802,208

Investment Income $20,447

Other Revenue $8,084

TOTAL REVENUE $830,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $236,499

Fundraising Expenses $0

Program Expenses $819,035

Other Expenses $606,536

TOTAL EXPENSES $843,035

Year-over-Year Comparison

	2023	2022	Change
Revenue	$830,739	$779,622	+0.1%
Expenses	$843,035	$811,557	+0.0%
Net Income	$-12,296	$-31,935	-0.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEE DARBY	PRESIDENT	0.10	Officer Director	$0	$0	$0
AARIN GROSS	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
DEBORA HALBERT	SECRETARY	0.10	Officer Director	$0	$0	$0
RYAN ARFMAN	TREASURER	0.10	Officer 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	No data	No data	No data	No data
2023	$830,739	$843,035	$2,429,600	$-12,296
2022	$779,622	$811,557	$2,090,277	$-31,935
2021	$733,487	$811,143	$2,037,435	$-77,656
2020	$739,152	$753,635	$2,149,719	$-14,483
2019	$693,094	$737,869	$2,201,004	$-44,775
2018	$694,859	$733,428	$2,280,293	$-38,569