KAUAI HOUSING DEVELOPMENT CORP

EIN: 990298721 501(c)(3) Housing & Shelter

LIHUE, HI

Total Revenue
$2,266,978
Total Expenses
$1,452,813
Total Assets
$18,179,661
Net Assets
$13,364,592
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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
1992
Legal Domicile
HI
Principal Officer
HOBEY BECK
Phone
8082455937
Tax Period
2023-07-01 to 2024-06-30

KAUAI HOUSING DEVELOPMENT CORP, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $814K, a strong 36% operating margin.

Mission

DEVELOPMENT OF AFFORDABLE HOUSING FOR LOW INCOME INDIVIDUALS AND FAMILIES

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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 $500,000
Program Service Revenue $1,637,382
Investment Income $129,596
Other Revenue $0
TOTAL REVENUE $2,266,978

Expense Breakdown

Grants Paid $0
Salaries & Benefits $371,091
Fundraising Expenses $0
Program Expenses $1,268,750
Other Expenses $1,081,722
TOTAL EXPENSES $1,452,813

Year-over-Year Comparison

2023 2022 Change
Revenue $2,266,978 $1,305,328 +0.7%
Expenses $1,452,813 $784,258 +0.9%
Net Income $814,165 $521,070 +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

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Governance

Voting Members
13
Independent Members
13
Employees
2
Volunteers
13

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
4
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HOBEY BECK PRESIDENT N/A
Officer Director
$0 $0 $0
TOM CANUTE TREASURER N/A
Officer Director
$0 $0 $0
GINI KAPALI BOARD MEMBER N/A
Director
$0 $0 $0
ROY KATSUDA BOARD MEMBER N/A
Director
$0 $0 $0
WANDA KAU-SHIBATA BOARD MEMBER N/A
Director
$0 $0 $0
GARY MACKLER BOARD MEMBER N/A
Director
$0 $0 $0
MICHAEL MURAKOSHI BOARD MEMBER N/A
Director
$0 $0 $0
DENNIS T NAKAHARA BOARD MEMBER N/A
Director
$0 $0 $0
CLYDE NAKAYA BOARD MEMBER N/A
Director
$0 $0 $0
KEITH NITTA VICE PRESIDE N/A
Officer Director
$0 $0 $0
TOM H SHIGEMOTO SECRETARY N/A
Officer Director
$0 $0 $0
RYAN SMITH BOARD MEMBER N/A
Director
$0 $0 $0
MARC VENTURA BOARD MEMBER N/A
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
2025 No data No data No data No data
2024 $2,266,978 $1,452,813 $18,179,661 $814,165
2023 $1,305,328 $784,258 $13,390,442 $521,070
2022 $1,244,793 $681,050 $12,851,287 $563,743
2021 $1,154,404 $531,478 $12,062,782 $622,926
2020 $740,617 $662,881 $11,481,018 $77,736
2019 $631,982 $629,767 $11,405,752 $2,215
2018 $544,183 $678,562 $11,524,068 $-134,379
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