Housing And Land Enterprise Of Maui
Housing And Land Enterprise Of Maui consistently generates significant surpluses, growing assets, and reports no officer compensation.
EIN: 205325361 · Wailuku, HI · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $377K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $15 |
| Net Assets | $14.9M |
| Transparency Score | 92/100 |
Is Housing And Land Enterprise Of Maui Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Housing And Land Enterprise Of Maui directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Housing And Land Enterprise Of Maui
Housing And Land Enterprise Of Maui (EIN: 205325361) is a nonprofit organization based in Wailuku, HI, classified under NTEE code L20. The organization reported total revenue of $1.3M and total assets of $14.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Housing And Land Enterprise Of Maui's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Housing And Land Enterprise Of Maui is a mid-size nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 12.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.9M |
| Total Expenses | $377K |
| Surplus / Deficit | +$4.6M |
| Total Assets | $15.0M |
| Total Liabilities | $34K |
| Net Assets | $14.9M |
| Operating Margin | 92.4% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 476.6 months |
Financial Health Grade: A
In 2024, Housing And Land Enterprise Of Maui reported a surplus of $4.6M with revenue exceeding expenses, holds 476.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Housing And Land Enterprise Of Maui's revenue has grown at a compound annual growth rate (CAGR) of 12.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +653.4% | +9.9% | +43.7% |
| 2023 | +17.2% | +4.4% | +3.1% |
| 2022 | -46.5% | +0.5% | +2.2% |
| 2021 | -27.1% | +13.7% | -6.0% |
| 2020 | +31.0% | +7.9% | +21.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Housing And Land Enterprise Of Maui with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 3%
- programs: 95%
- fundraising: 2%
According to IRS 990 filings, Housing And Land Enterprise Of Maui allocates its expenses as follows: admin: 3%, programs: 95%, fundraising: 2%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no officers received compensation, which is highly unusual for an organization with assets nearing $15 million and annual revenues in the millions, suggesting a volunteer-led or very lean leadership structure.
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 Housing And Land Enterprise Of Maui's IRS 990 filings:
- Unusually low expenses relative to revenue and assets, which might indicate some operational costs are not fully captured or are capitalized.
- Consistent 0% officer compensation, while positive for mission focus, is atypical for an organization of this size and could warrant further inquiry into leadership structure and sustainability.
Strengths
The following positive indicators were identified for Housing And Land Enterprise Of Maui:
- Exceptional financial health with consistent revenue surpluses and significant asset growth (from $6.67M in 2016 to $14.98M in 2024).
- Highly efficient spending, with expenses consistently much lower than revenue, suggesting a strong focus on program delivery.
- Zero officer compensation reported across all filings, indicating a strong commitment to directing funds to the mission.
- Strong balance sheet with low liabilities relative to substantial assets ($33,967 liabilities vs. $14,978,750 assets in 2024).
- Consistent filing history over 14 periods demonstrates transparency and compliance.
Frequently Asked Questions about Housing And Land Enterprise Of Maui
Is Housing And Land Enterprise Of Maui a legitimate charity?
Housing And Land Enterprise Of Maui (EIN: 205325361) is a registered tax-exempt nonprofit based in Hawaii. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $1.3M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Housing And Land Enterprise Of Maui spend its money?
Housing And Land Enterprise Of Maui directs 95% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Housing And Land Enterprise Of Maui tax-deductible?
Housing And Land Enterprise Of Maui is registered as a tax-exempt nonprofit (EIN: 205325361). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Housing And Land Enterprise Of Maui CEO make?
Housing And Land Enterprise Of Maui's highest-compensated officer earns $15 annually. The organization reported $1.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Housing And Land Enterprise Of Maui's spending goes to programs?
Housing And Land Enterprise Of Maui directs 95% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Housing And Land Enterprise Of Maui compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Housing And Land Enterprise Of Maui is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Housing And Land Enterprise Of Maui located?
Housing And Land Enterprise Of Maui is headquartered in Wailuku, Hawaii and files with the IRS under EIN 205325361. It is classified under NTEE code L20.
How many years of IRS 990 filings does Housing And Land Enterprise Of Maui have?
Housing And Land Enterprise Of Maui has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.3M in total revenue.
How does HALE Maui manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all 14 filings suggests that the organization is either entirely volunteer-led at the executive level, or that executive salaries are covered by other means not classified as officer compensation on the 990, or are extremely low and not reported as such. This is a significant indicator of a highly mission-focused approach.
What is the primary source of HALE Maui's substantial revenue growth, especially the $4.9 million in 2024?
While the specific sources are not detailed in the provided data, the significant revenue growth, particularly the jump to $4,937,175 in 2024, suggests successful fundraising campaigns, government grants, or potentially income from its land and housing assets, aligning with its NTEE code L20 (Housing, Shelter). Further investigation into the 990's revenue schedules would be needed for specifics.
How does HALE Maui maintain such low expenses relative to its revenue and assets?
The organization consistently reports expenses significantly lower than its revenue, for example, $377,169 in expenses against $4,937,175 in revenue in 2024. This indicates highly efficient operations, potentially through volunteer labor, effective cost management, or a business model where a large portion of revenue is reinvested directly into assets rather than being expensed in the traditional sense.
Filing History
IRS 990 filing history for Housing And Land Enterprise Of Maui showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Housing And Land Enterprise Of Maui's revenue has grown by 342.8%, moving from $1.1M to $4.9M. Total assets increased by 303% over the same period, from $3.7M to $15.0M. Total functional expenses rose by 25.6%, from $300K to $377K. In its most recent filing year (2024), Housing And Land Enterprise Of Maui reported a surplus of $4.6M, with revenue exceeding expenses. The organization holds $34K in liabilities against $15.0M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $14.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $4.9M | $377K | $15.0M | $34K | — | View 990 |
| 2023 | $655K | $343K | $10.4M | $38K | — | — |
| 2022 | $559K | $329K | $10.1M | $37K | — | View 990 |
| 2021 | $1.0M | $327K | $9.9M | $53K | — | View 990 |
| 2020 | $1.4M | $288K | $10.5M | $1.4M | — | View 990 |
| 2019 | $1.1M | $266K | $8.7M | $689K | — | View 990 |
| 2018 | $292K | $291K | $7.5M | $391K | — | — |
| 2017 | $783K | $281K | $7.2M | $19K | — | View 990 |
| 2016 | $114K | $332K | $6.7M | $29K | — | View 990 |
| 2015 | $168K | $265K | $6.9M | $21K | — | View 990 |
| 2014 | $1.9M | $296K | $7.0M | $29K | — | View 990 |
| 2013 | $1.2M | $279K | $5.4M | $16K | — | View 990 |
| 2012 | $1.1M | $300K | $4.5M | $19K | — | View 990 |
| 2011 | $1.1M | $300K | $3.7M | $25K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $4.9M, expenses of $377K, and assets of $15.0M (revenue +653.4% year-over-year).
- 2023: Revenue of $655K, expenses of $343K, and assets of $10.4M (revenue +17.2% year-over-year).
- 2022: Revenue of $559K, expenses of $329K, and assets of $10.1M (revenue -46.5% year-over-year).
- 2021: Revenue of $1.0M, expenses of $327K, and assets of $9.9M (revenue -27.1% year-over-year).
- 2020: Revenue of $1.4M, expenses of $288K, and assets of $10.5M (revenue +31.0% year-over-year).
- 2019: Revenue of $1.1M, expenses of $266K, and assets of $8.7M (revenue +274.9% year-over-year).
- 2018: Revenue of $292K, expenses of $291K, and assets of $7.5M (revenue -62.7% year-over-year).
- 2017: Revenue of $783K, expenses of $281K, and assets of $7.2M (revenue +584.9% year-over-year).
- 2016: Revenue of $114K, expenses of $332K, and assets of $6.7M (revenue -32.1% year-over-year).
- 2015: Revenue of $168K, expenses of $265K, and assets of $6.9M (revenue -91.0% year-over-year).
- 2014: Revenue of $1.9M, expenses of $296K, and assets of $7.0M (revenue +54.1% year-over-year).
- 2013: Revenue of $1.2M, expenses of $279K, and assets of $5.4M (revenue +14.1% year-over-year).
- 2012: Revenue of $1.1M, expenses of $300K, and assets of $4.5M (revenue -4.7% year-over-year).
- 2011: Revenue of $1.1M, expenses of $300K, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Housing And Land Enterprise Of Maui:
Data Sources and Methodology
This transparency report for Housing And Land Enterprise Of Maui 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.