Pauahi Elderly INC FY2021 filing

Tax-deductible

Long Beach, CA501(c)(3)HousingEIN 95-3883729

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Pauahi Elderly, INC. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of hawaii. The corporation was formed for the purpose of operating a 48 unit community known as Pauahi kupuna hale located in honolulu, hawaii, which provides housing for low income Elderly persons pursuant to section 202 of the national housing act, as amended. On december 20, 2019, the original mortgage was paid in full using proceeds from the cb&t note payable.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $1.4M a year · 80% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $301K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.4M
95% of total assets
Concern: liabilities are 95% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$666K
Spent
$584K
To programs
93%
Net assets
$67K
By yearFY2021–FY2025
Revenue
$666K
FY2021
Revenue by fiscal year
FY2021$666K
FY2022$7.2M
FY2023$163K
FY2024$438K
FY2025$110K
Expenses
$584K
FY2021
Expenses by fiscal year
FY2021$584K
FY2022$844K
FY2023$301K
FY2024$120
FY2025$0
Net assets
$67K
FY2021
Net assets by fiscal year
FY2021$67K
FY2022$6.4M
FY2023$6.4M
FY2024$6.8M
FY2025$6.9M

From the FY2021 Form 990 (year ending May 2021) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1983.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $541K Management & general 7% · $42K

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

32 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Pauahi Elderly INC executive salaries →

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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 15aYes

Programs and updates

Provides affordable housing for low-income elderly individuals.

Provided by the organization

This section is blank until Pauahi Elderly INC claims this page.

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1 program service account for $541K of program spending, described in the organization's own filed words · FY2020.
01

Pauahi elderly, inc. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of hawaii. The corporation was formed for the purpose of operating a 48 unit community known as pauahi kupuna hale located in honolulu, hawaii, which provides housing for low income elderly persons pursuant to section…

$541Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$301K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$666K
Ln 12
Gifts and grantsLn 1h$336K
Fees for servicesLn 2g$328K
Investment incomeLn 3$909
Money outPt IX
$584K
Ln 25
Programscol B$541K
Managementcol C$42K
Owns and owesPt X
$67K
net assets · Ln 32
Cash and savingsLn 1–2$269K
Total assetsLn 16$1.4M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
32
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$336K
Government grantsLn 1e$336K
Fees for servicesLn 2g$328K
Investment incomeLn 3$909
Other incomeLn 4–11$706
Total revenueLn 12$666K
Assets in detailPt X, end of year
CashLn 1$198
SavingsLn 2$268K
Cash and savings togetherLn 1–2$269K
InvestmentsLn 11–13$578K
Land, buildings, equipmentLn 10c$557K
Other assetsLn 15$10K
Total assetsLn 16$1.4M
LiabilitiesLn 26$1.4M
Net assetsLn 32$67K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderMay
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 FY21End FY21
Cash and savingsLn 1–2$219K$269K
InvestmentsLn 11–13$519K$578K
Land, buildings, equipmentLn 10c$614K$557K
Total assetsLn 16$1.4M$1.4M
LiabilitiesLn 26$1.4M$1.4M
Net assetsLn 32−$15K$67K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$36K$36K
Accounting feesLn 11c$5K$5K
Advertising and promotionLn 12$96$96
Office expensesLn 13$26K$26K
OccupancyLn 16$367K$367K
TravelLn 17$246$246
Conferences, conventions and meetingsLn 19$825$825
Depreciation, depletion and amortizationLn 22$86K$86K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$57K$57K
Total functional expensesLn 25$584K$541K$42K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $110K$0$110K$6.9M 990 PDF
FY2024 $438K$120$438K$6.8M 990 PDF
FY2023 $163K$301K−$138K$6.4M 990 PDF
FY2022 $7.2M$844K$6.3M$6.4M 990 PDF
FY2021 Viewing $666K$584K$82K$67K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $665,692 across 6 lines filed
VIII-1e Government grants$336,250
VIII-1h Total contributions, gifts and grants$336,250
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $327,827$327,827
VIII-3 Investment incomeExcluded from tax $909$909
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $706$706
VIII-12 Total revenueRelated to mission $327,827 · Unrelated business $0 · Excluded from tax $1,615$665,692
Part IX · Statement of functional expenses $583,739 across 10 lines filed
IX-11a Management feesManagement $35,863$35,863
IX-11c Accounting feesManagement $5,450$5,450
IX-12 Advertising and promotionManagement $96$96
IX-13 Office expensesPrograms $25,505$25,505
IX-16 OccupancyPrograms $367,178$367,178
IX-17 TravelManagement $246$246
IX-19 Conferences, conventions and meetingsManagement $825$825
IX-22 Depreciation, depletion and amortizationPrograms $85,818$85,818
IX-23 InsurancePrograms $5,490$5,490
IX-24 Other expenses (24a–d)Programs $57,268$57,268
IX-25 Total functional expensesPrograms $541,259 · Management $42,480 · Fundraising $0$583,739
Part X · Balance sheet $1,421,240 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $198$198
X-2 Savings and temporary cash investmentsStart of year $218,378$268,457
X-4 Accounts receivableStart of year $1,740$572
X-10c Land, buildings and equipment, netStart of year $614,036$556,605
X-13 Program-related investmentsStart of year $519,101$577,892
X-14 Intangible assetsStart of year $19,058$7,624
X-15 Other assetsStart of year $9,381$9,892
X-16 Total assetsStart of year $1,381,892$1,421,240
X-17 Accounts payable and accrued expensesStart of year $82,536$38,480
X-19 Deferred revenueStart of year $597$1,537
X-25 Other liabilitiesStart of year $9,381$9,892
X-26 Total liabilitiesStart of year $1,396,666$1,354,061
X-27 Net assets without donor restrictionsStart of year −$14,774$67,179
X-32 Total net assets or fund balancesStart of year −$14,774$67,179
X-33 Total liabilities and net assetsStart of year $1,381,892$1,421,240
Part XI · Reconciliation of net assets $67,179 net assets at year end
XI-1 Total revenue$665,692
XI-2 Total expenses$583,739
XI-3 Revenue less expenses$81,953
XI-4 Net assets at start of year−$14,774
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$67,179

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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