CATHOLIC CHARITIES HOUSING DEVELOP… - 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

1999

Legal Domicile

Principal Officer

MICHAEL MAGAOAY

Phone

8085244673

Tax Period

2022-07-01 to 2023-06-30

CATHOLIC CHARITIES HOUSING DEVELOPMENT CORPORATION, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $2.7M in total revenue in fiscal year 2022. Revenue surged 803% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 79% operating margin.

Mission

TO PURCHASE, DEVELOP, ACQUIRE, OWN, RENT, MANAGE AND SELL REAL ESTATE PROPERTIES WITH THE INTENT TO PROVIDE AFFORDABLE AND SPECIAL NEEDS HOUSING FOR THE ELDERLY AND SOCIALLY DISADVANTAGED PEOPLE IN THE STATE OF HAWAII.

Program Service Accomplishments

Program 1

Expenses: $218,642 Revenue: $172,741

HARRY AND JEANETTE WEINBERG HALE HOALOHA - 12 UNIT APARTMENT COMPLEX PROVIDING AFFORDABLE RENTS TO FAMILIES AND INDIVIDUALS.

Program 2

Expenses: $214,811 Revenue: $126,205

811 UNIVERSITY AVENUE - 12 UNIT APARTMENT COMPLEX PROVIDING AFFORDABLE RENTS TO SINGLE PARENTS.

Program 3

Expenses: $250 Revenue: $800,000

KAHULUI LANI II - 83 UNIT APARTMENT PROJECT PROVIDING AFFORDABLE RENTS TO SENIORS IN KAHULUI, MAUI.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,500,000

Program Service Revenue $1,156,422

Investment Income $28,370

Other Revenue $0

TOTAL REVENUE $2,684,792

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $477,378

Other Expenses $573,331

TOTAL EXPENSES $573,331

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,684,792	$297,286	+8.0%
Expenses	$573,331	$440,905	+0.3%
Net Income	$2,111,461	$-143,619	-15.7%

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

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

$187,483

Total Directors

$475,132

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VAN TASSELL ROBERT	BOARD MEMBER	1.00	Director	$0	$23,626	$287,649
KOBAYASHI JR PAUL	BOARD TREASURER	1.00	Officer Director	$0	$7,309	$172,706
LARSON BETTY LOU	BOARD SECRETARY	1.00	Officer Director	$0	$0	$14,777
MAGAOAY MICHAEL	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
WESTON CORI	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
BERTHIAUME RENE	BOARD MEMBER	1.00	Director	$0	$0	$0
CODY SCOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
SECOR GARY VERY REV	BOARD MEMBER	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,684,792	$573,331	$8,205,422	$2,111,461
2022	$297,286	$440,905	$7,410,192	$-143,619
2021	$1,656,518	$394,392	$6,174,595	$1,262,126
2020	$342,212	$486,091	$4,986,945	$-143,879
2019	$944,569	$443,970	$5,602,212	$500,599
2018	$537,880	$441,706	$5,027,448	$96,174

CATHOLIC CHARITIES HOUSING DEVELOPMENT CORPORATION