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Nonprofiteer
← NANAKULI COMMUNITY DEVELOPMENT LLC

Form 990 for tax year 2024

Filed by NANAKULI COMMUNITY DEVELOPMENT LLC.

Totals

Total revenue
$746,176
Total expenses
$603,003
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$746,176
Investment income
$0
Other revenue
$0
Total assets, end of year
$13,843,849
Total liabilities, end of year
$13,272,493
Net assets or fund balances, end of year
$571,356
Program services expenses (Part IX)
$602,607
Management and general expenses
$396
Fundraising expenses
$0
Program service expenses (Part III)
$602,607

Program services were 99.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: CLINIC RENTAL INCOME

    total $746,176 · related or exempt $746,176

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $396 · management and general $396

  • 16 · Occupancy

    total $133,292 · program services $133,292

  • 20 · Interest

    total $136,690 · program services $136,690

  • 22 · Depreciation, depletion and amortization

    total $309,785 · program services $309,785

  • 24a · Other expenses: MISCELLANEOUS

    total $22,840 · program services $22,840

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $524,860 · end of year $560,376

  • 4 · Accounts receivable

    beginning of year $831,198 · end of year $1,246,797

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,000

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

    $12,925,344

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

    $1,278,311

  • 10c · Land, buildings and equipment, net

    beginning of year $12,009,477 · end of year $11,647,033

  • 15 · Other assets

    beginning of year $412,150 · end of year $389,643

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,400

  • 23 · Secured mortgages and notes payable

    beginning of year $10,524,492 · end of year $10,515,000

  • 25 · Other liabilities

    beginning of year $2,816,610 · end of year $2,757,493

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $442,183 · end of year $571,356

Mission and programs · 2024

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.

Activities or mission (Part I)

PROVIDING FINANCIAL COUNSELING, FACILITY PLANNING AND OTHER SERVICES TO THE NANAKULI COMMUNITY.

  • 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.

    Expenses $602,607 · Revenue $746,176

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard P Bettini

    PRESIDENT & CEO

    Total calculated
    $515,375
    From this org
    $0
    From related orgs
    $465,105
    Other
    $50,270
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $413,912 related
    Bonus
    $0 + $18,173 related
    Other
    $0 + $33,020 related
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $33,020 related
    Filer's total
    $0 + $515,375 related

  • Nicholas Hughey

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $491,687
    From this org
    $0
    From related orgs
    $459,697
    Other
    $31,990
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $381,312 related
    Bonus
    $0 + $63,645 related
    Other
    $0 + $14,740 related
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $14,740 related
    Filer's total
    $0 + $491,687 related

  • Cindy Yee

    CHIEF FINANCIAL OFFICER

    Total calculated
    $385,765
    From this org
    $0
    From related orgs
    $356,900
    Other
    $28,865
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $271,824 related
    Bonus
    $0 + $73,461 related
    Other
    $0 + $11,615 related
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $11,615 related
    Filer's total
    $0 + $385,765 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.5
Source object
202611359349313551

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