St Francis Development Corporation
St Francis Development Corporation faces severe financial distress with dwindling assets and high liabilities.
EIN: 203154399 · Honolulu, HI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $9K |
| Program Spending | 50% |
| Net Assets | $-1,832,072 |
| Transparency Score | 20/100 |
Is St Francis Development Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
St Francis Development Corporation directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About St Francis Development Corporation
St Francis Development Corporation (EIN: 203154399) is a nonprofit organization based in Honolulu, HI. The organization reported total revenue of $0 and total assets of $21K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Francis Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St Francis Development Corporation is a micro nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -100.0% | -69.1% | -6.2% |
| 2022 | -88.3% | +307.3% | -68.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1946 |
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 St Francis Development Corporation with a Mission Score of 20 out of 100 (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: 40%
- programs: 50%
- fundraising: 10%
According to IRS 990 filings, St Francis Development Corporation allocates its expenses as follows: admin: 40%, programs: 50%, fundraising: 10%. Approximately 50% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 2291.6%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, suggesting a volunteer-led board or minimal paid executive staff, which is commendable for cost control but raises questions about operational capacity given the financial challenges.
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 St Francis Development Corporation's IRS 990 filings:
- Severe negative net asset position (Liabilities far exceed Assets, e.g., $1.9M liabilities vs. $83K assets in 2023).
- Consistent reporting of $0 revenue in most recent years, indicating lack of financial activity or support.
- Drastic decline in assets from over $2.4 million to $83,597 over the past decade.
- High and persistent liabilities without clear means of repayment.
- Unknown NTEE code, making it difficult to understand the organization's mission and program focus.
Strengths
The following positive indicators were identified for St Francis Development Corporation:
- Consistent IRS 990 filing history, indicating compliance with reporting requirements.
- No reported officer compensation, suggesting a volunteer-driven approach to leadership and cost control.
Frequently Asked Questions about St Francis Development Corporation
Is St Francis Development Corporation a legitimate charity?
St Francis Development Corporation (EIN: 203154399) is a registered tax-exempt nonprofit based in Hawaii. Our AI analysis gives it a Mission Score of 20/100. It has 13 years of IRS 990 filings on record. 5 red flags identified. 2 strengths noted. Financial health grade: C.
How does St Francis Development Corporation spend its money?
St Francis Development Corporation directs 50% of its spending to programs and services. Fundraising costs 10%. This falls below the 65% benchmark.
Are donations to St Francis Development Corporation tax-deductible?
St Francis Development Corporation is registered as a tax-exempt nonprofit (EIN: 203154399). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of St Francis Development Corporation's spending goes to programs?
St Francis Development Corporation directs 50% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is St Francis Development Corporation located?
St Francis Development Corporation is headquartered in Honolulu, Hawaii and files with the IRS under EIN 203154399.
How many years of IRS 990 filings does St Francis Development Corporation have?
St Francis Development Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
How does St Francis Development Corporation plan to address its significant liabilities of over $1.9 million with only $83,597 in assets?
The filings do not provide a clear strategy for addressing the substantial liabilities, which have consistently outweighed assets by a large margin for many years. This is a critical concern for the organization's financial health.
What are the specific programs or activities St Francis Development Corporation undertakes, given its NTEE code is unknown and revenue is often $0?
Without an NTEE code or detailed program expense breakdowns, it's unclear what specific charitable activities the organization is conducting, especially with minimal to no revenue in recent years.
Why have the organization's assets declined so dramatically from over $2.4 million in 2014 to $83,597 in 2023?
The filings do not explicitly state the reasons for the drastic decline in assets. This significant reduction, coupled with persistent high liabilities, indicates a severe deterioration of the organization's financial base.
Is St Francis Development Corporation actively operating, given its frequent reporting of $0 revenue?
The consistent reporting of $0 revenue in multiple recent periods (2023, 2020, 2019, 2018, 2017, 2016, 2015, 2014) suggests that the organization may not be actively generating income or conducting significant revenue-generating activities, raising questions about its operational status.
Filing History
IRS 990 filing history for St Francis Development Corporation showing financial trends over 13 years of public records:
Total assets decreased by 96.6% over the same period, from $2.5M to $84K. Total functional expenses fell by 97.6%, from $390K to $9K. The organization holds $1.9M in liabilities against $84K in assets (debt-to-asset ratio: 2291.6%), resulting in net assets of $-1,832,072.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $0 | $9K | $84K | $1.9M | — | View 990 |
| 2022 | $32K | $31K | $89K | $1.9M | — | View 990 |
| 2021 | $278K | $7K | $280K | $2.1M | — | View 990 |
| 2020 | $0 | $76K | $287K | $2.4M | — | View 990 |
| 2019 | $0 | $120K | $2.3M | $4.3M | — | View 990 |
| 2018 | $0 | $120K | $2.5M | $4.4M | — | View 990 |
| 2017 | $0 | $124K | $2.5M | $4.2M | — | View 990 |
| 2016 | $0 | $127K | $2.5M | $4.1M | — | View 990 |
| 2015 | $0 | $154K | $2.5M | $4.0M | — | View 990 |
| 2014 | $0 | $153K | $2.5M | $3.8M | — | View 990 |
| 2013 | $450K | $137K | $2.5M | $3.7M | — | View 990 |
| 2012 | $0 | $233K | $2.5M | $4.0M | — | View 990 |
| 2011 | $0 | $390K | $2.5M | $3.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $0, expenses of $9K, and assets of $84K (revenue -100.0% year-over-year).
- 2022: Revenue of $32K, expenses of $31K, and assets of $89K (revenue -88.3% year-over-year).
- 2021: Revenue of $278K, expenses of $7K, and assets of $280K.
- 2020: Revenue of $0, expenses of $76K, and assets of $287K.
- 2019: Revenue of $0, expenses of $120K, and assets of $2.3M.
- 2018: Revenue of $0, expenses of $120K, and assets of $2.5M.
- 2017: Revenue of $0, expenses of $124K, and assets of $2.5M.
- 2016: Revenue of $0, expenses of $127K, and assets of $2.5M.
- 2015: Revenue of $0, expenses of $154K, and assets of $2.5M.
- 2014: Revenue of $0, expenses of $153K, and assets of $2.5M (revenue -100.0% year-over-year).
- 2013: Revenue of $450K, expenses of $137K, and assets of $2.5M.
- 2012: Revenue of $0, expenses of $233K, and assets of $2.5M.
- 2011: Revenue of $0, expenses of $390K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for St Francis Development Corporation:
Data Sources and Methodology
This transparency report for St Francis Development Corporation 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.