Nanakuli Community Development Llc

Nonprofit profile at a glance

EIN
831036020
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Waianae, HI, USA
Phone
8086973128
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Health - General and Rehabilitative N.E.C.

Reported finances

Revenue
$746,176
Expenses
$603,003
Assets
$13,843,849
Liabilities
$13,272,493

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

Leadership & pay

3 people listed

Executive titles in this filing

  • RICHARD P BETTINI (PRESIDENT & CEO)
  • NICHOLAS HUGHEY (EXECUTIVE VICE PRESIDENT)

Highest reported compensation

  • RICHARD P BETTINI (PRESIDENT & CEO): $515,375 total reported compensation
  • NICHOLAS HUGHEY (EXECUTIVE VICE PRESIDENT): $491,687 total reported compensation
  • CINDY YEE (CHIEF FINANCIAL OFFICER): $385,765 total reported compensation

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

Overview

Mission

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.

What it reported doing in 2024

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 on a leasehold property owned by ncd. Construction of the new facility was completed in february 2021. The facility has been subleased to the waianae district comprehensive health and hospital board, incorporated (wdchhb), a nonprofit state of Hawaii corporation, for the provision of primary health care services to residents in the nanakuli underserved area. Wdchhb has been providing primary health care services (i.e., medical, behavioral health, health and wellness education, case management, community outreach, and pharmacy) since march 11, 2021.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
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 - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 55
  • Accountability: 86
  • Sustainability: 67
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.8%; rating input score 81
  • Program expense ratio: 99.9%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 12th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 19.2%; rating input score 75; 75th percentile among comparable filings
  • Total-asset coverage ratio: 22.96; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0.96; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 18.4%; rating input score 17; 17th percentile among comparable filings

Growth

  • Program expense growth: 26% per year; rating input score 100; 88th percentile among comparable filings
  • Revenue growth: 22.8% per year; rating input score 100; 88th percentile among comparable filings
  • Asset growth: 4.9% per year; rating input score 100; 38th percentile among comparable filings

Details

  • Where the money goes: 80.8% of revenue deployed · 99.9% of spending went to programs
  • Governance: 1 of 1 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $603K in reported program spending
  • Leadership: top reported pay $515K · 3 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 16 of 16 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.
  • High — Sustainability: Officer compensation ratio scored 17/100.