HAWAII ASSISTED HOUSING INC (EIN 990310230) - Form 990 Financial Analysis & Trantor Score

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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

1993

Legal Domicile

Principal Officer

CARL CUNNINGHAM

Phone

8087359099

Tax Period

2023-01-01 to 2023-12-31

HAWAII ASSISTED HOUSING INC, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $4.1M in total revenue in fiscal year 2023. Revenue surged 654% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.5M, a strong 87% operating margin.

Mission

FOSTER THE DEVELOPMENT OF LOW INCOME HOUSING TO IMPROVE THE LIVING CONDITIONS OF FAMILIES WITHIN HAWAII BY FURNISHING AFFORDABLE HOUSING, BY BUILDING OR ACQUIRING AFFORDABLE HOUSING PROJECTS AS DEFINED UNDER FEDERAL AND STATE STATUTE.

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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 $3,540,000

Program Service Revenue $511,810

Investment Income $6

Other Revenue $-488

TOTAL REVENUE $4,051,328

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,887

Fundraising Expenses $0

Program Expenses $475,699

Other Expenses $522,636

TOTAL EXPENSES $534,523

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,051,328	$537,191	+6.5%
Expenses	$534,523	$445,785	+0.2%
Net Income	$3,516,805	$91,406	+37.5%

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

N/A

Volunteers

N/A

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
CARL CUNNINGHAM	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
IAN YEE	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
WAYNE T TAKAHASHI	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$0	$0
TARYN SHIZURU	TREASURER/DIRECTOR	1.00	Officer Director	$0	$0	$0
JORDAN FUKUMOTO	DIRECTOR	1.00	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	$4,051,328	$534,523	$12,954,845	$3,516,805
2022	$537,191	$445,785	$9,468,808	$91,406
2021	$6,363,305	$6,214,389	$9,716,019	$148,916
2020	$1,996,820	$83,184	$9,837,923	$1,913,636
2019	$5,313,144	$19,005	$7,333,550	$5,294,139
2018	$1,592,537	$14,090	$2,035,704	$1,578,447

HAWAII ASSISTED HOUSING INC