Kunia Village Development Corporation

Nonprofit profile at a glance

EIN
272908552
IRS 990 coverage
2012–2024
Forms available
Form 990 2024, Form 990-N 2011
Location
Kunia, HI, USA
Phone
8086211350
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Low-Income & Subsidized Rental Housing

Reported finances

Revenue
$3,263,525
Expenses
$1,249,470
Assets
$4,890,734
Liabilities
$536,923

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • STEPHANIE A WHALEN (PRESIDENT)
  • ALICE TUPOU (VICE PRESIDENT)

Highest reported compensation

  • ALICE TUPOU (VICE PRESIDENT): $116,848 total reported compensation
  • STEPHANIE A WHALEN (PRESIDENT): $52,400 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide low-income rental housing for agricultural workers.

What it reported doing in 2024

Kunia village development corporation entered into a joint agreement with an affiliate of rural community assistance corporation, a California nonprofit corporation, to jointly rehabilitate or replace improvements on property held by kunia village title holding corporation, a related organization to kunia village development corporation. The intent of this arrangement is to renovate the existing agricultural worker housing community through the formation of a Hawaii limited partnership and use of tax credits for affordable housing developments.

Operating model

Revenue model
Grant-funded. 64% 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

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 54
  • Transparency & Controls: 86
  • Accountability: 61
  • Sustainability: 84
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 38.3%; rating input score 38
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 60%; rating input score 60; 9th percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • 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: 61.7%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 3.91; rating input score 79; 79th percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 57; 57th percentile among comparable filings
  • Officer compensation ratio: 1.7%; rating input score 77; 77th percentile among comparable filings

Growth

  • Program expense growth: 17.4% per year; rating input score 100; 82nd percentile among comparable filings
  • Revenue growth: 21.8% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 31.1% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 38.3% of revenue deployed · 100% of spending went to programs
  • Governance: 3 of 5 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.2M in reported program spending
  • Leadership: top reported pay $117K · 5 people listed
  • Highest-paid contractors: 2 contractors listed · $2.5M reported
  • Consistency: 23 of 23 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 13 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 3 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 38/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • Review — Sustainability: Liabilities to assets ratio scored 57/100.