Nonprofit · EIN 47-5018774
AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT FOUNDATION
Also known as AHED FOUNDATION
Tax-exempt · HONOLULU, HI 96813
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $8,947,714 | $1,499 | $8,946,215 | $16,081,141 | $0 | $16,081,141 |
| December 31, 2023 | 990 | $5,152,042 | $6,018 | $5,146,024 | $7,134,926 | $0 | $7,134,926 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $8,947,678
- of which government grants
- $8,910,378
- Program service revenue
- $0
- Investment income
- $36
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $899
- Management and general (functional)
- $600
Balance sheet and other
- Total assets, start of year
- $7,134,926
- Total assets, end of year
- $16,081,141
- Total liabilities, end of year
- $0
- Net assets, end of year
- $16,081,141
- Net assets without donor restrictions
- $16,081,141
- Gross receipts
- $8,947,714
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2015
- State of legal domicile
- HI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT W SETTLE | President Trustee or director, Officer | 10 | $0 |
| PAUL MARX | Director Trustee or director | 1 | $0 |
| DAVID F FASI | Vice President Trustee or director, Officer | 1 | $0 |
| MISTY KJALLMAN | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT W SETTLE | President Trustee or director, Officer | 10 | $0 |
| PAUL MARX | Director Trustee or director | 1 | $0 |
| DAVID F FASI | Vice President Trustee or director, Officer | 1 | $0 |
| MISTY KJALLMAN | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 900 FORT STREET MALL STE 1818, HONOLULU, HI 96813-3795
- In care of
- % SCOTT W SETTLE
- Principal officer (990 for 2024)
- TRISHA OGATA
- Signed the 990
- SCOTT W SETTLE, President
- Phone
- (808) 534-4434
- Website
- www.ahedhawaii.org
- Return prepared by
- PROPP CHRISTENSEN CANIGLIA LLP
Mission
THE ORGANIZATION IS INCORPORATED TO SUPPORT THE PRESERVATION, REHABILITATION AND DEVELOPMENT OF, AND ACCESS TO, AFFORDABLE HOUSING, AND TO SUPPORT ECONOMIC OPPORTUNITIES FOR LOWER-INCOME FAMILIES.
Program accomplishments
- The organization materially participated in the development of the following affordable housing projects in 2024:1. Projects previously completed and continually in operation: a. Kokua: 224-unit senior rental project in Honolulu, Oahu. b. Pua Loke: 54-unit senior-rental project in Lihue, Kauai. c. Pahala: 8-unit multifamily rental project in Pahala, Hawaii d. Queen Emma Apartments: 71-unit multifamily rental project in Honolulu, Oahu. e. Waimea Huakai: 35-unit senior rental project in Waimea, Kauai. f. Waipahu Tower: 64-unit multifamily rental project in Waipahu, Oahu. g. Rice Camp II: 30-unit senior rental project in Lihue, Kauai. h. Kai Olino: 48-unit rental project in Lihue, Kauai. i. Kapolei Parkways (Lot 6): 236 multifamily rental project in Kapolei, Oahu. j. Kapolei Parkways (Lot 7): 169 multifamily rental project in Kapolei, Oahu.2. Projects currently under construction: a. Lima Ola Family: 44-unit multifamily rental project in Eleele, Kauai. b. Lima Ola Kupuna: 40-unit senior rental project in Eleele, Kauai. c. Kuulei: 34-unit multifamily rental project in Kailua, Oahu.3. Projects in the pre-development stage seeking entitlements and financing: a. Kailua Lofts: 42-unit multifamily rental project in Kailua, Oahu. b. Pohukaina Commons: 428-unit multifamily rental project in Honolulu, Oahu. c. Keawalau (Phases I, II, & III): 531-unit multifamily and senior rental project in Waipahu, Oahu. d. Kahoapili: 188-unit multifamily rental or for-sale project in Salt Lake, Oahu.4. Other work: a. The organization worked to build further capacity as an affordable housing non-profit by submitting funding applications under the low-income housing tax credit program as administered by the State of Hawaii. b. The organization submitted funding applications for various grants administered by State and local agencies for the acquisition, rehabilitation and new construction of affordable rental housing projects. c. The organization submitted applications and solicitaton letters from various funding organizations. d. The organization coordinated tenant social service and partnership services with affiliates for projects under construction and in operation.Expenses $899
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-5018774
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $16,081,141
- Income (IRS master file)
- $8,947,714
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $8,947,714 | $1,499 | $16,081,141 | XML |
| 990 | December 2023 | $5,152,042 | $6,018 | $7,134,926 | XML |
| 990 | December 2022 | $26,551 | $7,601 | $1,988,902 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-5018774).
Questions about AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT FOUNDATION
- What is the EIN of AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT FOUNDATION?
- The employer identification number (EIN) of AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT FOUNDATION is 47-5018774.
- Is AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT FOUNDATION?
- The 990 for the year ended December 31, 2024 names TRISHA OGATA.
- Who are the officers and directors of AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $8,947,714, expenses of $1,499 and total assets of $16,081,141 at year end.
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