HONOLULU, HI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT FOUNDATION, founded in 2015, is a community nonprofit in the Housing & Shelter sector that reported $5.2M in total revenue in fiscal year 2023. Revenue surged 19304% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.1M, a strong 100% operating margin.
THE ORGANIZATION IS INCORPORATED TO SUPPORT THE PRESERVATION, REHABILITATION AND DEVELOPMENT OF, AND ACCESS TO, AFFORDABLE HOUSING, AND TO SUPPORT ECONOMIC OPPORTUNITIES FOR LOWER-INCOME FAMILIES.
The organization materially participated in the development of the following affordable housing projects in 2023:1. Projects previously completed and continually in operation: a. Kokua: 223...
The organization materially participated in the development of the following affordable housing projects in 2023:1. Projects previously completed and continually in operation: a. Kokua: 223 senior-rental project in Honolulu, Hawaii b. Pua Loke: 54-unit senior rental project in Lihue, Kauai. c. Pahala: 8-unit multifamily rental project in Pahala, Hawaii. d. Queen Emma Apartments: 71-unit multifamily rental project in Honolulu, Oahu. e. Waimea Huakai: 35-unit senior rental project in Waimea, Kauai. f. Waipahu Tower: 64-unit multifamily rental project in Waipahu, Oahu. g. Rice Camp II: 30-unit senior rental project in Lihue, Kauai.2. Projects currently under construction: a. Kai Olino: 48-unit rental project in Lihue, Kauai. b. Kapolei Parkways (Lot 6):236 multifamily rental project in Kapolei, Oahu. c. Kapolei Parkways (Lot 7):169 multifamily rental project in Kapolei, Oahu.3. Projects in the pre-development stage seeking entitlements and financing: a. Lima Ola Family:44 unit multifamily rental project in Eleele, Kauai. b. Lima Ola Kupuna:40 unit senior rental project in Eleele, Kauai. c. Kailua Lofts: 42 unit multifamily rental project in Kailua, Oahu. d. Pohukaina Commons:428 multifamily rental project in Honolulu, Oahu. e. Keawalau (Phases I, II & III) 531 units multi-family and senior rental project in Waipahu, Oahu. f. Kahoapili:188 multifamily rental or for-sale project in Salt Lake,Oahu. g. Kuulei:34 multifamily rental project in Kailua,Oahu. h. Nani O Puna:32-unit farmworker housing project in Pahoa, Big Island.4. Other work: a. The organization worked to build further capacity as an affordable housing non-profit by submitting funding applications under the low-income housing tax credit program as administered by the State of Hawaii. b. The organization submitted funding applications for various grants administered by State and local agencies for the acquisition, rehabilitationand new construction of affordable rental housing projects. c. The organization submitted applications and solicitation letters from various funding organizations. d. The organization coordinated tenant social service and partnership services with affiliates for projects under construction and in operation.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $5,152,042 | $26,551 | +193.0% |
| Expenses | $6,018 | $7,601 | -0.2% |
| Net Income | $5,146,024 | $18,950 | +270.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SCOTT W SETTLE | President | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| PAUL MARX | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID F FASI | Vice President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MISTY KJALLMAN | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $5,152,042 | $6,018 | $7,134,926 | $5,146,024 |
| 2022 | $26,551 | $7,601 | $1,988,902 | $18,950 |
| 2021 | $476,691 | $3,329 | $1,969,952 | $473,362 |
| 2020 | $552,247 | $6,562 | $1,517,923 | $545,685 |
| 2019 | $949,238 | $279,009 | $950,905 | $670,229 |
| 2018 | $328,518 | $269,688 | $280,676 | $58,830 |
Compare AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT FOUNDATION with other nonprofits in Hawaii and across the country.