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Hawaii · Nonprofit

HAWAII ISLAND COMMUNITY DEVELOPMENT CORPORATION

HAWAII ISLAND COMMUNITY DEVELOPMENT CORPORATION (Hawaii) receives grants from 7 organizations whose IRS filings report $12,799,477 to it, the largest being WAIMEA MALAMA INC ($7,670,432). 4 of them have funded it in more than one year.

Revenue FY2024
$1.8M
Funders on record
7
Grants received
$13M
Net assets
$14M
4/7 repeat fundersgrants exceed reported revenue in one year
01What it does

What Hawaii Island Community Development Corporation does

Mission

Hawaii Island Community Development Corporation was established on july 7, 1986, to provide families with low and moderate income with adequate housing and to acquire, construct and provide housing related activities.

As stated on its FY2024 Form 990.

Programs

  1. Hicdc has been developing self-help housing since 1992. Through 2024, hicdccompleted 401 homes for low income families, almost all of which are on the island of hawaii. Hicdc is also working with another 20 families to complete self help homes in the ainaloa phases 3-4 projects.

    $1,216,615 spent$899,968 earned by the program
    100% of program spending

  2. Hicdc has developed 13 projects for low-income residents on the island of hawaii.these 13 projects have a total of 523 units most of which have federal rental assistanceas of december 31, 2024, the other rental project in the pipeline is the hale ola o mohouli project, a 90-unit family and senior rental project in hilo.

  3. From 1996 through 2018, hicdc has developed seven subdivisions for a total of 174 lots. Hicdc is in the process of developing two (2) more subdivisions totaling 75 lots for affordable housing.

The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,216,615.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($6.0M) Expenses 100 ($930k) Net assets 100 ($11M)2018 Revenue 47 ($2.8M) Expenses 87 ($805k) Net assets 118 ($13M)2019 Revenue 19 ($1.1M) Expenses 88 ($819k) Net assets 121 ($14M)2020 Revenue 14 ($833k) Expenses 113 ($1.1M) Net assets 119 ($13M)2021 Revenue 21 ($1.2M) Expenses 256 ($2.4M) Net assets 109 ($12M)2022 Revenue 20 ($1.2M) Expenses 127 ($1.2M) Net assets 109 ($12M)2023 Revenue 37 ($2.2M) Expenses 139 ($1.3M) Net assets 117 ($13M)2024 Revenue 31 ($1.8M) Expenses 143 ($1.3M) Net assets 121 ($14M)
'17'18'19'20'21'22'23'24
Revenue (31)Expenses (143)Net assets (121)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $37M to $43M (+16%).

$35M
$37M
$39M
$39M
$36M
$37M
$43M
$44M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 49% · 2018 53% · 2019 7%. Grants only. Government contracts and fees sit inside program revenue.

2% of HAWAII ISLAND COMMUNITY DEVELOPMENT CORPORATION’s revenue is contributions — about as donation-reliant as the typical peer (39% for the typical peer).

This organization
Typical peer · 4,214 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.

$5.0M
’17
$2.0M
’18
$328k
’19
−$221k
’20
−$1.1M
’21
−$13k
’22
$927k
’23
$507k
’24
41
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Keith Kato

Executive director

As listed on its FY2024 Form 990.

'17'18'19'20'21'22'23'24
Listed671099999
Joined·+1+3+0+0+0+0+1
No longer listed·0010001
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 2 funders to 3 funders, grant income rose $800k → $7.4M.

Funder
'17
'18
'19
'20
'21
'22
'23
'24*
total
Nareit Foundationunclassified
$180k
funders
2
2
2
1
1
3
3
1

1 of 7 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 8% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of HAWAII ISLAND COMMUNITY DEVELOPMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

HAWAII ISLAND COMMUNITY DEVELOPMENT CORPORATION leans on a few funders — its largest provides 60% of grant income and the top three 90%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

60%
largest funder
90%
top three
~2
effective funders

Largest funder’s share by year: 2017 97% · 2018 95% · 2019 98% · 2020 100% · 2021 100% · 2022 77% · 2023 86% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

HAWAII ISLAND COMMUNITY DEVELOPMENT CORPORATION draws 82% of its grant income from funders outside Hawaii, across 4 states in all.

OR
MD
DC
HI

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Hawaii out of state home

Funder states come from each funder’s own filing. $1.0M arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

HAWAII ISLAND COMMUNITY DEVELOPMENT CORPORATION runs a healthier operating margin than three-quarters of the 3,973 housing & shelter nonprofits its size.

Operating margin28% · top quartile
Months of reserve41.3mo · top quartile
Revenue growth (annualized)−15% · bottom quartile

this organization peer median middle 50% of peers· 3,973 housing & shelter nonprofits $1M–$10M, FY2024

Government funding HAWAII ISLAND COMMUNITY DEVELOPMENT CORPORATION receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $2.2M on record.

Federal$2.2M
grants $2.2Mcontracts $0
18
21
24
Top agencies
  • Department of Agriculture$2.2M

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like HAWAII ISLAND COMMUNITY DEVELOPMENT CORPORATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Hawaii

Hawaii Homeownership Center89%Honolulu Community Action Program Inc87%Hawaii Island Economic Development Board86%Hawaiian Community Assets Inc86%Hawaii Community Reinvestment Corporation86%Arc of Hawaii Housing Project Number 11 Inc85%Hawaii Disability Rights Center85%Hale Mahaolu Lahaina Surf Inc85%

Nationally

Hawaii Homeownership Center89%Honolulu Community Action Program Inc87%Hawaii Island Economic Development Board86%Hawaiian Community Assets Inc86%Hawaii Community Reinvestment Corporation86%Arc of Hawaii Housing Project Number 11 Inc85%Hawaii Disability Rights Center85%Hale Mahaolu Lahaina Surf Inc85%
05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

92% of spending goes to programs.

Program 92%Management 8%Fundraising 0%

Governance

6
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

88%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Part of a family of 12 related entities

  • Mohouli Community Development LLC a Hawaii Limited Liability Co · disregarded
  • Hawaii Community Builders · exempt
  • Hualalai Elderly Housing LP · partnership
  • Hualalai Elderly Housing Phase 2 LP · partnership
  • Hualalai Elderly Housing Phase 3 LP · partnership

Screen this organization

A dated, signed PDF of the compliance screen for HAWAII ISLAND COMMUNITY DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds HAWAII ISLAND COMMUNITY DEVELOPMENT CORPORATION?
HAWAII ISLAND COMMUNITY DEVELOPMENT CORPORATION (Hawaii) receives grants from 7 organizations whose IRS filings report $12,799,477 to it, the largest being WAIMEA MALAMA INC ($7,670,432). 4 of them have funded it in more than one year.
How many funders does HAWAII ISLAND COMMUNITY DEVELOPMENT CORPORATION have?
IRS filings report 7 organizations giving $12,799,477 in grants to HAWAII ISLAND COMMUNITY DEVELOPMENT CORPORATION, 4 of which have funded it in more than one year.
Who is the largest funder of HAWAII ISLAND COMMUNITY DEVELOPMENT CORPORATION?
WAIMEA MALAMA INC is the largest funder on record, with $7,670,432 in grants. The full list of funders is on this page.
How can an organization like HAWAII ISLAND COMMUNITY DEVELOPMENT CORPORATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Hawaii. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Hawaii Island Community Development →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 7 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing