Pauahi Elderly Inc
Nonprofit profile at a glance
- EIN
- 953883729
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Long Beach, CA, USA
- Phone
- 5622575100
- Rating
- 39
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $110,357
- Expenses
- $0
- Assets
- $6,935,646
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
36 people listed
Executive titles in this filing
- HARTMAN STUART J (PRESIDENT/CEO)
- DESAEGHER NORMA N (VICE PRESIDENT)
Highest reported compensation
- HARTMAN STUART J (PRESIDENT/CEO): $770,133 total reported compensation
- AMBERG ROBERT R (EXECUTIVE VP GEN COUNSEL): $530,647 total reported compensation
- ROSSELLO FRANK JR (CFO AND VP OF FINANCE): $488,122 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
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. On march 28, 2022, the property sold to pauahi rhf partners, lp.pauahi elderly, inc. Now funds the project through a seller carryback loan, and is the majority member of pauahi rhf mgp, llc. The main purpose of this entity going forward will be a financing arm of the low income housing project through the new partnership.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
REVIEW - 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 few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 60
- Accountability: 86
- Sustainability: 9
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: -8.3% per year; rating input score 0; 12th percentile among comparable filings
- Revenue growth: 7.5% per year; rating input score 100; 64th percentile among comparable filings
- Asset growth: 15.2% per year; rating input score 100; 78th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed
- Governance: 7 of 7 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $770K · 36 people listed · 0 of 6 pay-setting controls reported
- Consistency: 12 of 12 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: 236 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Growth: Program expense growth scored 0/100.