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Hawaii Island Community Development Corporation

EIN 99-0253076 · Hilo, HI

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak40 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

HAWAII ISLAND COMMUNITY DEVELOPMENT CORPORATION WAS ESTABLISHED ON JULY 7, 1986, TO PROVIDE FAMILIES WITH LOW AND MODERATE INCOME WITH ADEQUATE HOUSING AND TO ACQUIRE, CONSTRUCT AND PROVIDE HOUSING RELATED ACTIVITIES.

Income
$1.8 million
Spending
$1.3 million
Spent on programs
92%
Reserves
-11 months of spending
Largest source of income
investment income, 49%
Employees
9
Volunteers
0
Highest pay
$197,055, executive director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 40 out of 100. Higher than 18% of charities in its peer group (housing, $1m to $10m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    5 of 20

    It owes 69% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 28% of income.

  • Income trend

    5 of 15

    Income fell 17% on the year before.

  • Spending floor

    15 of 15

    92% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 70% of charities in its peer group (housing, $1m to $10m).

  • Independent board

    25 of 25

    6 of 6 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $1.2 million spent. HICDC HAS BEEN DEVELOPING SELF-HELP HOUSING SINCE 1992. THROUGH 2024, HICDCCOMPLETED 401 HOMES FOR LOW INCOME FAMILIES, ALMOST ALL OF WHICH ARE ON THE ISLAND OF HAWAII. HICDC IS ALSO WORKING WITH ANOTHER 20 FAMILIES TO COMPLETE SELF HELP HOMES IN THE AINALOA PHASES 3-4 PROJECTS.
  2. HICDC HAS DEVELOPED 13 PROJECTS FOR LOW-INCOME RESIDENTS ON THE ISLAND OF HAWAII.THESE 13 PROJECTS HAVE A TOTAL OF 523 UNITS MOST OF WHICH HAVE FEDERAL RENTAL ASSISTANCEAS OF DECEMBER 31, 2024, THE OTHER RENTAL PROJECT IN THE PIPELINE IS THE HALE OLA O MOHOULI PROJECT, A 90-UNIT FAMILY AND SENIOR RENTAL PROJECT IN HILO.
  3. FROM 1996 THROUGH 2018, HICDC HAS DEVELOPED SEVEN SUBDIVISIONS FOR A TOTAL OF 174 LOTS. HICDC IS IN THE PROCESS OF DEVELOPING TWO (2) MORE SUBDIVISIONS TOTALING 75 LOTS FOR AFFORDABLE HOUSING.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since March 1991.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.