HomeAid Hawaiʻi
Legal name: HomeAid Hawaii
Nonprofit profile at a glance
- EIN
- 474980676
- IRS 990 coverage
- 2015–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025
- Location
- Honolulu, HI, United States
- Phone
- 8085007968
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $66,823,417
- Expenses
- $77,759,677
- Assets
- $17,383,689
- Liabilities
- $11,187,442
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- Kimo Carvalho (Chief Executive Officer)
Highest reported compensation
- Kimo Carvalho (Chief Executive Officer): $212,790 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to help people experiencing or at risk of homelessness build new lives through construction, community engagement, and education. Vision HomeAid’s vision is to be a vital force in creating safe and dignified housing and programmatic facilities for those who are experiencing or at risk of homelessness. Vision.
What it reported doing in 2025
Developed public-private partnerships to build and operate deeply affordable housing solutions for both wildfire survivors and people experiencing homelessness across the State of Hawaii including Kauhale Villages. Operated Hawaiis largest Kauhale Village.
Operating model
- Revenue model
- Grant-funded. 91% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 74
- Accountability: 100
- Sustainability: 16
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 95.4%; rating input score 95
- Fundraising efficiency: $829.15 raised per $1 spent on fundraising; rating input score 96; 96th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 66th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -16.4%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0.22; rating input score 7; 7th percentile among comparable filings
- Liabilities to assets ratio: 0.64; rating input score 27; 27th percentile among comparable filings
- Officer compensation ratio: 0.3%; rating input score 85; 85th percentile among comparable filings
Growth
- Program expense growth: 40.5% per year; rating input score 100; 96th percentile among comparable filings
- Revenue growth: 39.9% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: 38% per year; rating input score 100; 98th percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site
- Where the money goes: 100% of revenue deployed · 95.4% of spending went to programs
- Governance: 15 of 15 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $74.2M in reported program spending
- Leadership: top reported pay $213K · 16 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $64.8M reported
- Consistency: 28 of 28 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 10 filing years from 2015 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 2/100.
- High — Sustainability: Total-asset coverage ratio scored 7/100.
- High — Sustainability: Liabilities to assets ratio scored 27/100.