HOMES HAWAII INC

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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

1998

Legal Domicile

Principal Officer

WALLACE INGLIS

Phone

8089495588

Tax Period

2024-01-01 to 2024-12-31

HOMES HAWAII INC, founded in 1998, is a micro nonprofit in the Housing & Shelter sector that reported $94K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $82K left a modest 12% surplus.

Mission

THE PRESERVATION AND CREATION OF AFFORDABLE HOUSING FOR PERSONS AND FAMILIES OF LOW TO MODERATE INCOME IN THE CITY AND COUNTY OF HONOLULU.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $93,817

MANAGING LOW INCOME HOUSING PROPERTIES

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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 $0

Program Service Revenue $93,817

Investment Income $0

Other Revenue $0

TOTAL REVENUE $93,817

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $82,324

TOTAL EXPENSES $82,324

Year-over-Year Comparison

	2024	2023	Change
Revenue	$93,817	$84,861	+0.1%
Expenses	$82,324	$48,933	+0.7%
Net Income	$11,493	$35,928	-0.7%

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
WALLACE INGLIS	PRESIDENT	4.00	Director	$0	$0	$0
SANDRA PFUND	VICE PRESIDENT	4.00	Director	$0	$0	$0
JEFFREY EMERSON	SECRETARY	4.00	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	$93,817	$82,324	$1,143,197	$11,493
2023	$84,861	$48,933	$1,056,632	$35,928
2022	$88,579	$51,730	$971,796	$36,849
2021	$85,156	$66,384	$883,257	$18,772
2020	$86,361	$43,224	$802,564	$43,137
2019	$85,562	$42,864	$716,229	$42,698