Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $2,000,000

• 2a · Program service revenue: INVESTMENT IN SUBSIDIARIES

  total $15,124,767 · related or exempt $15,124,767

• 2b · Program service revenue: MANAGEMENT FEES

  total $3,253,815 · related or exempt $3,253,815

• 3 · Investment income

  total $65,557 · excluded $65,557

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,009,789 · program services $1,009,789

• 7 · Other salaries and wages

  total $1,504,327 · program services $1,504,327

• 8 · Pension plan contributions

  total $66,206 · program services $66,206

• 9 · Other employee benefits

  total $152,875 · program services $152,875

• 10 · Payroll taxes

  total $164,766 · program services $164,766

• 11b · Fees: legal

  total $24,834 · program services $24,834

• 11g · Fees: other

  total $34,666 · program services $34,666

• 13 · Office expenses

  total $271 · program services $271

• 16 · Occupancy

  total $16,981 · program services $16,981

• 17 · Travel

  total $29,249 · program services $29,249

• 23 · Insurance

  total $58,636 · program services $58,636

• 24a · Other expenses: DUES & SUBSCRIPTIONS

  total $7,037 · program services $7,037

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $26,080 · end of year $2,353,796

• 10a · Land, buildings and equipment: cost or other basis

  $150,856

• 10b · Land, buildings and equipment: accumulated depreciation

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $150,856

• 11 · Investments: publicly traded securities

  beginning of year $760,711 · end of year $681,012

• 13 · Investments: program-related

  end of year -$40,643,531

• 15 · Other assets

  beginning of year $1,318,798 · end of year $1,128,254

• 17 · Accounts payable and accrued expenses

  beginning of year $549,393 · end of year $569,725

• 25 · Other liabilities

  beginning of year $780,146 · end of year $622,869

• 27 · Net assets without donor restrictions

  beginning of year $776,050 · end of year -$49,255,920

• 28 · Net assets with donor restrictions

  end of year $11,733,713

The filer's explanations (Part III)

PART I, LINE 1A

MEMBERS OF THE SENIOR LEADERSHIP TEAM ARE ALLOWED TO UPGRADE TO BUSINESS CLASS OR THE EQUIVALENT AIR FARE ON TRIPS THAT ARE SIX (6) HOURS OR LONGER EACH WAY, OR WHEN TRAVELLING OVERNIGHT TO A MEETING THE FOLLOWING MORNING. THESE AMOUNTS ARE CONSIDERED A VALID BUSINESS EXPENSE THAT IS COVERED/REIMBURSABLE UNDER AN ACCOUNTABLE EXPENSE REIMBURSEMENT PLAN, SO THEY ARE NOT INCLUDED IN THE INDIVIDUAL'S TAXABLE COMPENSATION. SOCIAL CLUB DUES ARE PROVIDED FOR CRAIG COURTS, CEO/PRESIDENT, AND ARE NOT INCLUDED IN HIS TAXABLE COMPENSATION.

PART I, LINE 4B

KAHALA NUI SENIOR LIVING HAS A 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. CONTRIBUTIONS TO THE PLAN IN 2023 WERE: JAY DUQUETTE - $29,472 DISTRUBUTIONS FROM THE PLAN IN 2023 WERE: PATRICK DUARTE - $228,985

PART I, LINE 5

THE MANAGEMENT TEAM CAN RECEIVE BONUSES THAT ARE BASED ON SEVERAL VARIABLES INCLUDING FINANCIAL PERFORMANCE, RESIDENT SATISFACTION, AND GROWTH.