Hawaii Island Housing Trust
Hawaii Island Housing Trust reports $0 revenue and assets, indicating financial dormancy or severe distress.
EIN: 204419598 · Hilo, HI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $16K |
| Net Assets | $-70,222 |
| Transparency Score | 10/100 |
Is Hawaii Island Housing Trust Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hawaii Island Housing Trust
Hawaii Island Housing Trust (EIN: 204419598) is a nonprofit organization based in Hilo, HI. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hawaii Island Housing Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hawaii Island Housing Trust is a micro nonprofit, with 5 years of IRS 990 filings on record (2010–2015).
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $30 |
| Total Expenses | $16K |
| Surplus / Deficit | $-15,566 |
| Total Assets | $471 |
| Total Liabilities | $71K |
| Net Assets | $-70,222 |
| Operating Margin | -51886.7% |
| Debt-to-Asset Ratio | 15009.1% |
| Months of Reserves | 0.4 months |
Financial Health Grade: D
In 2015, Hawaii Island Housing Trust reported a deficit of $16K with expenses exceeding revenue, holds 0.4 months of operating reserves (limited), has a debt-to-asset ratio of 15009.1% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -99.8% | +27.1% | -56.5% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hawaii Island Housing Trust with a Mission Score of 10 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Hawaii Island Housing Trust allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 15009.1%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, which is appropriate given the organization's minimal to non-existent revenue and assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Hawaii Island Housing Trust's IRS 990 filings:
- Consistent $0 or near-$0 revenue over multiple years
- Significant and growing liabilities relative to minimal assets (e.g., $70,693 liabilities vs. $471 assets in 2015)
- Expenses consistently exceeding revenue by a large margin
- Latest filing shows $0 revenue and $0 assets, indicating potential dormancy or cessation of operations
Strengths
The following positive indicators were identified for Hawaii Island Housing Trust:
- No officer compensation reported, which is appropriate given the financial state.
Frequently Asked Questions about Hawaii Island Housing Trust
Is Hawaii Island Housing Trust a legitimate charity?
Hawaii Island Housing Trust (EIN: 204419598) is a registered tax-exempt nonprofit based in Hawaii. Our AI analysis gives it a Mission Score of 10/100. It has 5 years of IRS 990 filings on record. 4 red flags identified. 1 strength noted. Financial health grade: D.
How does Hawaii Island Housing Trust spend its money?
Hawaii Island Housing Trust reported its financials in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hawaii Island Housing Trust tax-deductible?
Hawaii Island Housing Trust is registered as a tax-exempt nonprofit (EIN: 204419598). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hawaii Island Housing Trust located?
Hawaii Island Housing Trust is headquartered in Hilo, Hawaii and files with the IRS under EIN 204419598.
How many years of IRS 990 filings does Hawaii Island Housing Trust have?
Hawaii Island Housing Trust has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Hawaii Island Housing Trust still operational?
Based on the latest reported revenue and assets of $0, it is highly questionable whether Hawaii Island Housing Trust is still actively operational. The consistent pattern of minimal revenue and high liabilities over several years suggests a dormant or defunct status.
What caused the significant liabilities reported by the organization?
The IRS 990 filings show consistently high liabilities, such as $70,693 in 2015, far exceeding assets. Without access to the detailed balance sheet, the specific causes of these liabilities are unclear, but they represent a significant financial burden for an organization with minimal income.
How did the organization cover its expenses with $0 or minimal revenue?
The filings indicate that Hawaii Island Housing Trust frequently incurred expenses (e.g., $15,596 in 2015) with little to no revenue. This suggests that expenses were likely covered by drawing down any remaining assets, incurring debt, or potentially through unrecorded in-kind contributions, though the latter is not evident in the financial statements provided.
Filing History
IRS 990 filing history for Hawaii Island Housing Trust showing financial trends over 5 years of public records:
Total assets decreased by 93.8% over the same period, from $8K to $471. Total functional expenses fell by 68.9%, from $50K to $16K. In its most recent filing year (2015), Hawaii Island Housing Trust reported a deficit of $16K, with expenses exceeding revenue. The organization holds $71K in liabilities against $471 in assets (debt-to-asset ratio: 15009.1%), resulting in net assets of $-70,222.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $30 | $16K | $471 | $71K | — | View 990 |
| 2013 | $12K | $12K | $1K | $55K | — | View 990 |
| 2012 | $0 | $5K | $1K | $55K | — | View 990 |
| 2011 | $0 | $7K | $1K | $50K | — | View 990 |
| 2010 | $0 | $50K | $8K | $50K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $30, expenses of $16K, and assets of $471 (revenue -99.8% year-over-year).
- 2013: Revenue of $12K, expenses of $12K, and assets of $1K.
- 2012: Revenue of $0, expenses of $5K, and assets of $1K.
- 2011: Revenue of $0, expenses of $7K, and assets of $1K.
- 2010: Revenue of $0, expenses of $50K, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hawaii Island Housing Trust:
Data Sources and Methodology
This transparency report for Hawaii Island Housing Trust is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.