Neighborhood Housing Community Development Corporation
- Assets
- $11.3m
- Revenue
- $10.1m
- Investments
- $0.0
- Employees
- 12
- Location
- Kapaa, HI
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 83-2662028
Organization Overview
Neighborhood Housing Community Development Corporation, operating under the name Permanently Affordable Living Kauai, is located in Kapaa, HI. The organization was established in 2019. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Permanently Affordable Living Kauai employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Permanently Affordable Living Kauai is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Permanently Affordable Living Kauai generated $10.1m in total revenue. All expenses for the organization totaled $824.3k during the year ending 12/2022. While expenses have increased by 69.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOMES AND SUSTAINABLE LIVING SOLUTIONS, WITHIN REACH, AND RESTORING HOPE TO THE PEOPLE OF HAWAII.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A 13-UNIT COMPLEX WAS ACQUIRED/REHABILITATED, KAUHALE O KEKAHA APARTMENT COMMUNITY THAT PROVIDES PERMANENT RENTAL HOUSING FOR THE HOUSELESS HOUSEHOLDS EARNING 50% AREA MEDIAN INCOME AND BELOW. WE COLLABORATED WITH KAUA'I COMMUNITY ALLIANCE NETWORK WHICH IS PART OF THE CONTINUUM OF CARE BRIDGING THE GAP CONSORTIUM OF SERVICE PROVIDERS. DURING THE FIRST PROGRAM YEAR WE STABILIZED 11 HOUSEHOLDS FROM HOUSELESSNESS THROUGH THIS PROJECT. WITH THE ACQUISITION OF KEKAHA, WE CREATED THE BEYOND HOUSING PROGRAM (BHP), WHICH PROVIDES A SUPPORTIVE HOUSING ENVIRONMENT FOR ALL OUR RENTAL RESIDENTS. THE BHP HELPS TENANTS MAINTAIN HOUSING STABILITY AND IMPROVE RESIDENTS' ECONOMIC AND SOCIAL MOBILITY AS APPROPRIATE. PAL CREATED THE HO'OMALUHIA COMMUNITY LAND TRUST (HCLT), WHICH INCREASES AFFORDABILITY AND ENSURES SUBSIDY IS STRETCHED OVER GENERATIONS AND ALSO ACQUIRED A LAND PARCEL AND RECEIVED DEVELOPMENT ENTITLEMENTS TO CREATE LOTS AND CREATED THE HOUSE PLANS FOR AN 11 UNIT KILAUEA AFFORDABLE HOUSING FOR- SALE PROJECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Graff Coo/vice Pre | OfficerTrustee | 40 | $82,646 |
James Edmonds Executive Di | Officer | 40 | $70,000 |
Leilani Spencer President | OfficerTrustee | 1 | $0 |
Harvest Edmonds Treasurer | OfficerTrustee | 1 | $0 |
Glenn Head Secretary | OfficerTrustee | 1 | $0 |
Puna Dawson Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,889,418 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,889,418 |
| Total Program Service Revenue | $224,831 |
| Investment income | $37 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,114,286 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $159,600 |
| Compensation of current officers, directors, key employees. | $31,920 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $278,724 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,865 |
| Payroll taxes | $40,740 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,363 |
| Fees for services: Accounting | $4,065 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,656 |
| Advertising and promotion | $4,004 |
| Office expenses | $26,121 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $89,774 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $667 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,786 |
| Insurance | $34,024 |
| All other expenses | $5,529 |
| Total functional expenses | $824,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,096,107 |
| Savings and temporary cash investments | $173,844 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $75,970 |
| Net Land, buildings, and equipment | $2,707,052 |
| Investments—publicly traded securities | $980,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,233,298 |
| Total assets | $11,269,271 |
| Accounts payable and accrued expenses | $22,341 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,930,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,141 |
| Total liabilities | $1,988,482 |
| Net assets without donor restrictions | $9,280,789 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,269,271 |