Nanakuli Community Development LLC FY2023 filing

Tax-deductible

Waianae, HI501(c)(3)Since 2016Health CareEIN 83-1036020

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Providing financial counseling, facility planning and Development, and other services to businesses located in, or residents of, the Nanakuli neighborhood - a low-income Community, creating jobs and improving the lives of residents in the low-income Community.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $86K a year · 17% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 8.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$13.4M
98% of total assets
Concern: liabilities are 98% of assets; over 80%.
Pt X · Ln 26
Independent board members
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$746K
+125% vs prior year
Spent
$612K
To programs
98%
Net assets
$304K
By yearFY2020–FY2024
Revenue
$746K
FY2023▲ +125%
Revenue by fiscal year
FY2020$0
FY2021$687K
FY2022$331K
FY2023$746K
FY2024$746K
FY2024$746K
Expenses
$612K
FY2023▲ +4%
Expenses by fiscal year
FY2020$25K
FY2021$231K
FY2022$591K
FY2023$612K
FY2024$622K
FY2024$603K
Net assets
$304K
FY2023▲ +79%
Net assets by fiscal year
FY2020−$25K
FY2021$430K
FY2022$170K
FY2023$304K
FY2024$442K
FY2024$571K

From the FY2023 Form 990 (year ending June 2023) · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $600K Management & general 2% · $12K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President & CEO
$0Pt VII · Sec A
Executive Vice President
$0Pt VII · Sec A
Executive Vice President
$0Pt VII · Sec A
Chief Administrative Officer
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
Former Chief Financial Officer
$0Pt VII · Sec A
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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers financial advice and facility planning to the Nanakuli community.

Provided by the organization

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1 program service account for $600K of program spending, described in the organization's own filed words · FY2022.
01

Nanakuli community development (NCD) has taken out a mortage loan from a qualified community development entity (a "cde" as defined in the code) under the federal new markets tax credit authority and used the loan proceeds to develop and construct a "federally qualified health center" under section 330 of the public health services act…

$600Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$746K
Ln 12
Fees for servicesLn 2g$746K
Money outPt IX
$612K
Ln 25
Programscol B$600K
Managementcol C$12K
Owns and owesPt X
$304K
net assets · Ln 32
Cash and savingsLn 1–2$453K
Total assetsLn 16$13.7M
LiabilitiesLn 26$13.4M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$746K
Total revenueLn 12$746K
Assets in detailPt X, end of year
CashLn 1$453K
Cash and savings togetherLn 1–2$453K
Land, buildings, equipmentLn 10c$12.4M
Other assetsLn 15$425K
Total assetsLn 16$13.7M
LiabilitiesLn 26$13.4M
Net assetsLn 32$304K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$385K$453K
Land, buildings, equipmentLn 10c$9.8M$12.4M
Total assetsLn 16$10.7M$13.7M
LiabilitiesLn 26$10.5M$13.4M
Net assetsLn 32$170K$304K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$12K$12K
OccupancyLn 16$133K$133K
InterestLn 20$137K$137K
Depreciation, depletion and amortizationLn 22$309K$309K
Other expenses (24a–d)Ln 24$21K$21K
Total functional expensesLn 25$612K$600K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $746K$622K$124K$442K 990 PDF
FY2023 Viewing $746K$612K$134K$304K 990 PDF
FY2022 $331K$591K−$261K$170K 990 PDF
FY2021 $687K$231K$456K$430K 990 PDF
FY2020 $0$25K−$25K−$25K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $746,176 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $746,176$746,176
VIII-12 Total revenueRelated to mission $746,176 · Unrelated business $0 · Excluded from tax $0$746,176
Part IX · Statement of functional expenses $612,231 across 5 lines filed
IX-11c Accounting feesManagement $11,927$11,927
IX-16 OccupancyPrograms $133,292$133,292
IX-20 InterestPrograms $136,690$136,690
IX-22 Depreciation, depletion and amortizationPrograms $309,116$309,116
IX-24 Other expenses (24a–d)Programs $21,206$21,206
IX-25 Total functional expensesPrograms $600,304 · Management $11,927 · Fundraising $0$612,231
Part X · Balance sheet $13,678,104 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $384,501$452,648
X-4 Accounts receivable$415,599
X-9 Prepaid expenses and deferred chargesStart of year $82,049$14,000
X-10c Land, buildings and equipment, netStart of year $9,813,446$12,370,693
X-15 Other assetsStart of year $438,182$425,164
X-16 Total assetsStart of year $10,718,178$13,678,104
X-17 Accounts payable and accrued expensesStart of year $33,422$8,000
X-25 Other liabilitiesStart of year $0$2,851,403
X-26 Total liabilitiesStart of year $10,548,422$13,374,403
X-32 Total net assets or fund balancesStart of year $169,756$303,701
X-33 Total liabilities and net assetsStart of year $10,718,178$13,678,104
Part XI · Reconciliation of net assets $303,701 net assets at year end
XI-1 Total revenue$746,176
XI-2 Total expenses$612,231
XI-3 Revenue less expenses$133,945
XI-4 Net assets at start of year$169,756
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$303,701

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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