Neighborhood Housing Community Development Corporation
- Assets
- $1.4m
- Revenue
- $194.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Kilauea, HI
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 83-2662028
Organization Overview
Neighborhood Housing Community Development Corporation, operating under the name Permanently Affordable Living Kauai, is located in Kilauea, 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 12/2021, Permanently Affordable Living Kauai employed 5 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 12/2021, Permanently Affordable Living Kauai generated $194.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $182.5k during the year ending 12/2021. While expenses have increased by 22.0% per year over the past 3 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
2021
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
TRULY AFFORDABLE HOUSING - THE PERMANENTLY AFFORDABLE LIVING INITIATIVE AIMS TO STUDY AND ESTABLISH DEVELOPMENT CONCEPTS THAT LOWER CONSTRUCTION COSTS, ENABLE LONG-TERM AFFORDABILITY, ENCOURAGE FOOD PRODUCTION AND ENHANCE COMMUNITY SUSTAINABILITY. AN ONGOING ACTIVITY, NHCDC IDENTIFIED MULTIPLE DEVELOPMENT OPPORTUNITIES AND ENGAGED IN DUE DILIGENCE AND NEGOTIATIONS WITH PROPERTY OWNERS. ONE PROJECT IS CURRENTLY IN PRODUCTION.
SOLARIZE KAUAI - THIS PROGRAM SEEKS TO ENCOURAGE HOUSEHOLDS TO SEEK INFORMATION REGARDING SOLAR ENERGY INSTALLATIONS. THE PROGRAM WAS LAUNCHED IN 2019 AND IS ONGOING. NO INSTALLATIONS WERE COMPLETED IN 2021.
YIGBY - YES IN GOD'S BACKYARD IS A PROGRAM THAT SEEKS TO WORK WITH RELIGIOUS INSTITUTIONS TO DEVELOP HOUSING IN CHURCH-OWNED LANDS. IN FY 2020, SHUTDOWNS DUE TO COVID-19 CAUSED ALL PROJECTS TO BE PLACED ON HOLD. THE PROGRAM IS ONGOING, BUT NO UNITS WERE BUILT IN FY 2021.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Graff Exec Director & CEO | OfficerTrustee | 40 | $60,190 |
Jim Edmonds President | OfficerTrustee | 40 | $0 |
Harvest Edmonds Treasurer | OfficerTrustee | 2 | $0 |
Leilani Spencer Secretary | OfficerTrustee | 1 | $0 |
Puna Dawson Board Member | Trustee | 1 | $0 |
Janice Bond Board 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 | $114,025 |
| Noncash contributions included in lines 1a–1f | $14,831 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,025 |
| Total Program Service Revenue | $49,485 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,451 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $194,856 |
| 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. | $60,190 |
| Compensation of current officers, directors, key employees. | $60,190 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,343 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,129 |
| Payroll taxes | $11,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,500 |
| Fees for services: Accounting | $2,586 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $770 |
| Office expenses | $2,626 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,831 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $83 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,704 |
| All other expenses | $0 |
| Total functional expenses | $182,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,327 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,104,256 |
| Total assets | $1,441,583 |
| Accounts payable and accrued expenses | $1,100,744 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $350,000 |
| Other liabilities | $0 |
| Total liabilities | $1,450,744 |
| Net assets without donor restrictions | $0 |
| 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 | -$9,161 |
| Total liabilities and net assets/fund balances | $1,441,583 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Episcopal Communities & Services For Seniors Monrovia, CA | $210,406,101 | $54,393,007 |
Area Housing Authority Of County Of Ventura Newbury Park, CA | $51,199,286 | $45,374,355 |
Eah Inc San Rafael, CA | $269,353,281 | $53,747,905 |
Tenderloin Neighborhood Development Corporation San Francisco, CA | $105,200,928 | $42,280,090 |
Eden Housing Inc Hayward, CA | $420,059,670 | $90,990,309 |
Midpen Housing Corporation Foster City, CA | $279,122,902 | $50,937,724 |
Cesar Chavez Foundation Keene, CA | $206,528,631 | $52,041,546 |
Pico-Union Housing Corporation Los Angeles, CA | $136,637,775 | $17,120,613 |
Burbank Housing Development Corporation Santa Rosa, CA | $103,460,619 | $16,261,747 |
Coachella Valley Housing Coalition Indio, CA | $146,778,624 | $17,127,596 |
Community Corporation Of Santa Monica Santa Monica, CA | $197,338,615 | $17,598,823 |
La Cooperativa Campesina De California Sacramento, CA | $2,765,549 | $15,334,359 |