NEIGHBORHOOD HOUSING COMMUNITY DEV CORP

EIN: 832662028 501(c)(3) Housing & Shelter

KAPAA, HI

Total Revenue
$1,043,895
Total Expenses
$1,523,085
Total Assets
$10,864,663
Net Assets
$8,769,898
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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
2018
Legal Domicile
HI
Principal Officer
LAWRENCE GRAFF
Phone
8087201011
Tax Period
2023-01-01 to 2023-12-31

NEIGHBORHOOD HOUSING COMMUNITY DEV CORP, founded in 2018, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 46% operating deficit.

Mission

TO PROVIDE HOMES AND SUSTAINABLE LIVING SOLUTIONS, WITHIN REACH, AND RESTORING HOPE TO THE PEOPLE OF HAWAII.

Program Service Accomplishments

Program 1
Expenses: $1,232,649 Revenue: $672,072

THE BEYOND HOUSING PROGRAM (BHP) PROVIDES SUPPORTIVE SERVICES TO ALL PAL RENTAL TENANTS, HELPING THEM MAINTAIN HOUSING STABILITY AND IMPROVING THEIR ECONOMIC AND SOCIAL MOBILITY. THE BHP BEGAN IN...

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THE BEYOND HOUSING PROGRAM (BHP) PROVIDES SUPPORTIVE SERVICES TO ALL PAL RENTAL TENANTS, HELPING THEM MAINTAIN HOUSING STABILITY AND IMPROVING THEIR ECONOMIC AND SOCIAL MOBILITY. THE BHP BEGAN IN FEBRUARY 2022 WITH THE ACQUISITION AND REHABILITATION OF PAL'S KAUHALE O KEKAHA APARTMENT COMMUNITY. PAL FOCUSED THIS 13-UNIT COMPLEX ON SERVING THE HOUSELESS EARNING <50% AMI. PAL RECEIVES REFERRALS FROM ORGANIZATIONS THAT ARE PART OF THE KAUA'I COMMUNITY ALLIANCE (KCA). THE BHP EXPANDED IN JANUARY 2023 WITH THE ACQUISITION AND REHABILITATION OF PAL'S KAUHALE O KAPA'A APARTMENT COMMUNITY, ADDING ANOTHER 13 UNITS SERVING HOUSEHOLDS <120% AMI. IN 2024, PAL BUILT THE BHP CENTER AT OUR KAUHALE O KEKAHA COMPLEX TO PROVIDE A COMMUNITY SPACE TO HOST WORKSHOPS, INCLUDING A COMPUTER LAB, AND AN OFFICE FOR CASE MANAGEMENT. PAL HAS STABILIZED 12 HOUSEHOLDS FROM HOUSELESSNESS THROUGH THIS PROGRAM. IN 2022, PAL CREATED THE HO'OMALUHIA COMMUNITY LAND TRUST (HCLT), WHICH CREATES A MORE AFFORDABLE LEASEHOLD HOMEOWNERSHIP OPTION, KEEPS HOUSING UNITS IN THE AFFORDABILITY STOCK, AND ENSURES THE DONATIONS INVESTED IN BUILDING HOMES MAKE AN IMPACT FOR GENERATIONS. PAL RETAINS OWNERSHIP OF THE LAND, AND THE HOMEOWNER ENTERS A 99-YEAR RENEWABLE LAND LEASE WITH RESALE RESTRICTIONS THAT KEEP THE HOME AFFORDABLE FOR FUTURE BUYERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $485,875
Program Service Revenue $672,052
Investment Income $-114,052
Other Revenue $20
TOTAL REVENUE $1,043,895

Expense Breakdown

Grants Paid $0
Salaries & Benefits $913,216
Fundraising Expenses $50,548
Program Expenses $1,232,649
Other Expenses $609,869
TOTAL EXPENSES $1,523,085

Year-over-Year Comparison

2023 2022 Change
Revenue $1,043,895 $10,114,286 -0.9%
Expenses $1,523,085 $824,336 +0.8%
Net Income $-479,190 $9,289,950 -1.1%
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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Governance

Voting Members
6
Independent Members
4
Employees
11
Volunteers
25

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
5
$67,265
Total Directors
6
$27,515
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES EDMONDS EXEC. DIRECT 40.00
Officer
$39,750 $0 $39,750
LAWRENCE GRAFF COO/VICE PRE 40.00
Officer Director
$27,515 $0 $27,515
LEILANI SPENCER PRESIDENT 8.00
Officer Director
$0 $0 $0
HARVEST EDMONDS TREASURER 2.00
Officer Director
$0 $0 $0
GLENN HEAD SECRETARY 2.00
Officer Director
$0 $0 $0
PUNA DAWSON MEMBER 0.00
Director
$0 $0 $0
JANICE BOND MEMBER 0.00
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 No data No data No data No data
2023 $1,043,895 $1,523,085 $10,864,663 $-479,190
2022 $10,114,286 $824,336 $11,269,271 $9,289,950
2022 $10,081,745 $799,734 $11,363,462 $9,282,011
2021 $194,856 $182,535 $1,441,583 $12,321
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