KA HALE A KE OLA HOMELESS RESOURCE… - Form 990 Financial Data

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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

Principal Officer

SUSAN RAE SADECKI

Phone

8082427600

Tax Period

2024-01-01 to 2024-12-31

KA HALE A KE OLA HOMELESS RESOURCE CENTERS INC, founded in 1992, is a mid-sized nonprofit in the Unknown sector that reported $26.0M in total revenue in fiscal year 2024. Revenue surged 196% from the prior year, signaling strong growth momentum. The organization ran a surplus of $19.7M, a strong 76% operating margin.

Mission

TO SERVE THE NEEDS OF THE HOMELESS ON MAUI BY PROVIDING EMERGENCY SHELTER AND TRANSITIONAL HOUSING, TO VOICE THEIR CONCERNS, TO EMPOWER THEM TO TAKE RESPONSIBILITY FOR THEIR OWN LIVES AND TO CALL ON THE COMMUNITY TO ASSIST IN THESE ACTIONS.

Program Service Accomplishments

Program 1

Expenses: $4,496,690 Revenue: $21,918,386

SHELTER OPERATIONS - THE PROGRAM PROVIDES EMERGENCY AND TRANSITIONAL SHELTER TO HOMELESS INDIVIDUALS AND FAMILIES ON MAUI. HALE MAKANA PROVIDES PERMANENT AFFORDABLE HOUSING TO RESIDENTS IN THE...

SHELTER OPERATIONS - THE PROGRAM PROVIDES EMERGENCY AND TRANSITIONAL SHELTER TO HOMELESS INDIVIDUALS AND FAMILIES ON MAUI. HALE MAKANA PROVIDES PERMANENT AFFORDABLE HOUSING TO RESIDENTS IN THE COMMUNITY.EFFECTIVE JANUARY 1, 2015, KHAKO ACQUIRED HALE MAKANA O'WAIALE RENTAL PROJECT, WHICH IS A 200-UNIT MULTIFAMILY APARTMENT COMPLEX LOCATED IN WAILUKU, HAWAII, INTENDED FOR RENTAL TO INDIVIDUALS OR FAMILIES WITH INCOME BELOW 50% OF THE COUNTY OF MAUI'S MEDIAN GROSS INCOME LEVELS.

Program 2

Expenses: $780,233

HOUSING FOCUSED EDUCATION, PROGRAMS, AND SOCIAL SERVICES - THE PROGRAM PROVIDED A SERIES OF LIFE-SKILL CLASSES DESIGNED TO BREAK THE CYCLE OF HOMELESSNESS: CLASSES INCLUDE BUDGETING, DWELLING UNIT...

HOUSING FOCUSED EDUCATION, PROGRAMS, AND SOCIAL SERVICES - THE PROGRAM PROVIDED A SERIES OF LIFE-SKILL CLASSES DESIGNED TO BREAK THE CYCLE OF HOMELESSNESS: CLASSES INCLUDE BUDGETING, DWELLING UNIT CLEANLINESS AND UPKEEP, AND CHILDREN SERVICES (TO INCREASE SELF-ESTEEM, COMMUNITY BUILDING AND EDUCATIONAL RIGHTS).

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,811,158

Program Service Revenue $3,404,631

Investment Income $1,305,864

Other Revenue $18,515,568

TOTAL REVENUE $26,037,221

Expense Breakdown

Grants Paid $364,576

Salaries & Benefits $2,392,692

Fundraising Expenses $0

Program Expenses $5,276,923

Other Expenses $3,600,507

TOTAL EXPENSES $6,357,775

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,037,221	$8,793,249	+2.0%
Expenses	$6,357,775	$8,872,311	-0.3%
Net Income	$19,679,446	$-79,062	-249.9%

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

917

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

$265,476

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SADECKI SUSAN RAE	EXECUTIVE DIRECTOR	40.00	Officer	$137,672	$10,207	$147,879
URALWONG THANAID	FINANCE DIRECTOR	40.00	Officer	$101,904	$15,693	$117,597
HARTKIT	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
HUDSON WENDY	BOARD VICE CHAIR	0.50	Officer Director	$0	$0	$0
MACBARNETALEC JR	TREASURER	0.50	Officer Director	$0	$0	$0
BIOCATHY	SECRETARY	0.50	Officer Director	$0	$0	$0
MILLERSTEVE	DIRECTOR	0.50	Director	$0	$0	$0
RASMUSSENLYNN	DIRECTOR	0.50	Director	$0	$0	$0
HORCAJO ROBERT J	DIRECTOR	0.50	Director	$0	$0	$0
TAGOMORIALVIN	DIRECTOR	0.50	Director	$0	$0	$0
BARTO AMBER	DIRECTOR	0.50	Director	$0	$0	$0
KAHO'OHANAHANO MOANA J	DIRECTOR	0.50	Director	$0	$0	$0
DECKERJOHN DR	DIRECTOR	0.50	Director	$0	$0	$0
WORLEYJAMES L	DIRECTOR	0.50	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	$26,037,221	$6,357,775	$44,924,868	$19,679,446
2023	$8,793,249	$8,872,311	$24,891,088	$-79,062
2022	$12,795,831	$7,844,861	$25,338,118	$4,950,970
2021	$7,949,603	$7,958,128	$20,773,447	$-8,525
2020	$7,576,517	$7,158,234	$21,079,603	$418,283
2019	$7,249,065	$7,235,878	$21,013,988	$13,187
2018	$5,946,174	$6,333,546	$20,840,055	$-387,372

KA HALE A KE OLA HOMELESS RESOURCE CENTERS INC