STRATEGY STUDIO / NONPROFIT PEOPLE SEARCH

HAWAII COMMUNITY REINVESTMENT CORP: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
HAWAII COMMUNITY REINVESTMENT CORP (EIN 99-0282148)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-08-08
IRS object ID
202512209349302001
Schema version
2024v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-08-08T19:10:25-04:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN990272757PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1AKAMINE OYADOMARI & KOSAKI CPAS INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11601 KAPIOLANI BLVD STE 1140AddressLine1Txt
CityHONOLULUCityNm
State AbbreviationHIStateAbbreviationCd
ZIP96814ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN990282148EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1HAWAII COMMUNITY REINVESTMENTBusinessNameLine1Txt
Business Name Line2CORPORATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlHAWABusinessNameControlTxt
Phone8085323110PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 3409AddressLine1Txt
CityHONOLULUCityNm
State AbbreviationHIStateAbbreviationCd
ZIP96801ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHEATHER PIPERPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone8085323110PhoneNum
Signature2025-08-06SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKRYSTAL CHINGPreparerPersonNm
PTINP01258469PTIN
Phone8089410500PhoneNum
Preparation2025-08-06PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerHEATHER PIPERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 3409AddressLine1Txt
CityHONOLULUCityNm
State AbbreviationHIStateAbbreviationCd
ZIP96801ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$859,691GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.HCRCHAWAII.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1990FormationYr
Legal Domicile StateHILegalDomicileStateCd
Activity Or MissionTHE MISSION OF HAWAII COMMUNITY REINVESTMENT CORPORATION IS TO FACILITATE AFFORDABLE HOUSING, COMMUNITY DEVELOPMENT, AND ECONOMIC DEVELOPMENT THROUGHOUT THE STATE OF HAWAII BY PROVIDING INNOVATIVE FINANCING, TRAINING AND CONSULTING TO ORGANIZATIONS WHO SERVE UNDERSERVED AND DISADVANTAGED COMMUNITIES.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee2TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$882,671PYContributionsGrantsAmt
CY Contributions Grants$665,123CYContributionsGrantsAmt
PY Program Service Revenue$73,546PYProgramServiceRevenueAmt
CY Program Service Revenue$165,886CYProgramServiceRevenueAmt
PY Investment Income$21,656PYInvestmentIncomeAmt
CY Investment Income$28,682CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$977,873PYTotalRevenueAmt
CY Total Revenue$859,691CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$227,310PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$255,223CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$221,513PYOtherExpensesAmt
CY Other Expenses$203,993CYOtherExpensesAmt
PY Total Expenses$448,823PYTotalExpensesAmt
CY Total Expenses$459,216CYTotalExpensesAmt
PY Revenues Less Expenses$529,050PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$400,475CYRevenuesLessExpensesAmt
Total Assets BOY$5,222,126TotalAssetsBOYAmt
Total Assets EOY$6,221,247TotalAssetsEOYAmt
Total Liabilities BOY$1,527,483TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,126,129TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,694,643NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,095,118NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE MISSION OF HAWAII COMMUNITY REINVESTMENT CORPORATION IS TO FACILITATE AFFORDABLE HOUSING, COMMUNITY DEVELOPMENT, AND ECONOMIC DEVELOPMENT THROUGHOUT THE STATE OF HAWAII BY PROVIDING INNOVATIVE FINANCING, TRAINING AND CONSULTING TO ORGANIZATIONS WHO SERVE UNDERSERVED AND DISADVANTAGED COMMUNITIES.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$354,652ExpenseAmt
Revenue$165,886RevenueAmt
DescHCRC AND SUBSIDIARIES HAVE PROVIDED FINANCING FOR: THE DEVELOPMENT OF 3,508 AFFORDABLE HOUSING RENTAL UNITS WITH TOTAL FUNDING OF 205.5 MILLION THROUGH ITS AFFORDABLE HOUSING BANK CONSORTIUM LOAN PARTICIPATON PROGRAM. 7 BUSINESS LOANS TOTALING 3.6 MILLION THROUGH THE SBA 504 PROGRAM 203 ENERGY EFFICIENT LOANS TOTALING 4.8 MILLION THROUGH THE DBEDT GREENSUN LOAN LOSS RESERVE PROGRAM. 30 DIRECT LOANS TOTALING 4.9 MILLION TO NONPROFITS AND SMALL BUSINESSES TO SUPPORT COMMUNITY PROGRAMS AND ECONOMIC DEVELOPMENT THROUGH ITS COMMUNITY LOAN FUND. 5 DIRECT LOANS TOTALING 2.7 MILLION FOR PREDEVELOPMENT OF 872 NEW AFFORDABLE RENTAL UNITS AND 4 DIRECT LOANS TOTALING 591K FOR THE PRESERVATION OF 11 AFFORDABLE SINGLE FAMILY HOMES AND 3 DIRECT LOANS TOTALING 310K FOR IMPROVEMENTS TO 56,000 SQ FT OF COMMUNITY FACILITIES THROUGH ITS COMMUNITY REAL ESTATE LOAN FUND. HCRC GRANTED 789,474 TO THE UNIVERSITY OF HAWAII FOUNDATION TO FUND AN ENDOWMENT TO ESTABLISH THE HAWAII COMMUNITY REINVESTMENT CORPORATION DISTINGUISHED PROFESSORSHIP IN AFFORDABLE HOUSING, ADMINISTERED A PASSTHROUGH GRANT IN THE AMOUNT OF 1,983,950 FOR HUD AND C&C HONOLULU TO A NONPROFIT PRESERVATION OF AFFORDABLE HOUSING IN TOD DISTRICT, AND ADMINISTERED 153 PASSTHROUGH GRANTS TOTALING 1,833,759 FOR THE C&C HONOLULU MAYORS OFFICE OF CULTURE AND ARTS CARES ACT RECOVERY & RELIEF FUND PROGRAM. HCRC PROVIDES FREE FINANCIAL TECHNICAL ASSISTANCE AND TRAINING TO COMMUNITY BASED ORGANIZATIONS THROUGH INDIVIDUAL CONSULTATION, WEBINARS, AND CONVENINGS.Desc
Total Program Service Expenses$354,652TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsYes (true)ReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntYes (true)BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document8IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee2EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1HAWAII COMMUNITY REINVESTMENT CORPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8085323110PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 3409AddressLine1Txt
CityHONOLULUCityNm
State AbbreviationHIStateAbbreviationCd
ZIP96801ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
BRYAN LUKE
CHAIRMAN & S1.00Yes (X)Yes (X)$0$0$0
SCOTT HAYASHI
TREASURER/DI1.00Yes (X)Yes (X)$0$0$0
AMY ASSELBAYE
DIRECTOR0.50Yes (X)$0$0$0
ROY KATSUDA
DIRECTOR0.50Yes (X)$0$0$0
TONY MIZUNO
DIRECTOR0.50Yes (X)$0$0$0
ROBERT VAN TASSEL
DIRECTOR0.50Yes (X)$0$0$0
ANDREANA REYES
DIRECTOR0.50Yes (X)$0$0$0
DARREN UEKI
DIRECTOR0.50Yes (X)$0$0$0
HEATHER PIPER
EXECUTIVE DI45.00Yes (X)$169,993$0$29,899
FieldValueIRS element (for citing)
Total Reportable Comp From Org$169,993TotalReportableCompFromOrgAmt
Total Other Compensation$29,899TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$125,000GovernmentGrantsAmt
All Other Contributions$540,123AllOtherContributionsAmt
Total Contributions$665,123TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
INTEREST ON LOANS522200$128,207$128,207
LOAN APP AND SERVICE FEES522200$34,230$34,230
DBEDT GRANT AWARD541900$3,449$3,449
FieldValueIRS element (for citing)
Total Program Service Revenue$165,886TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$28,682TotalRevenueColumnAmt
Exclusion$28,682ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$859,691TotalRevenueColumnAmt
Related Or Exempt Func Income$165,886RelatedOrExemptFuncIncomeAmt
Exclusion$28,682ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$199,892TotalAmt
Program Services$139,924ProgramServicesAmt
Management And General$59,968ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$30,840TotalAmt
Program Services$21,588ProgramServicesAmt
Management And General$9,252ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$10,286TotalAmt
Program Services$7,201ProgramServicesAmt
Management And General$3,085ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$14,205TotalAmt
Program Services$9,943ProgramServicesAmt
Management And General$4,262ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$23,303TotalAmt
Program Services$19,400ProgramServicesAmt
Management And General$3,903ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$51,376TotalAmt
Program Services$42,772ProgramServicesAmt
Management And General$8,604ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$42,019TotalAmt
Program Services$34,753ProgramServicesAmt
Management And General$7,266ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$9,517TotalAmt
Program Services$6,662ProgramServicesAmt
Management And General$2,855ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$4,522TotalAmt
Program Services$3,165ProgramServicesAmt
Management And General$1,357ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$2,544TotalAmt
Program Services$1,781ProgramServicesAmt
Management And General$763ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$2,330TotalAmt
Program Services$1,631ProgramServicesAmt
Management And General$699ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$26,135TotalAmt
Program Services$26,135ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$6,295TotalAmt
Program Services$4,407ProgramServicesAmt
Management And General$1,888ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
PROVISION FOR LOAN LOSSES$33,747$33,747
MISCELLANEOUS$2,205$1,543$662

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$459,216TotalAmt
Program Services$354,652ProgramServicesAmt
Management And General$104,564ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,197,428BOYAmt
EOY$1,903,841EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,407,556BOYAmt
EOY$808,228EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$161,979BOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$1,958,286BOYAmt
EOY$2,708,445EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$5,085BOYAmt
EOY$4,753EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$14,018LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$14,018LandBldgEquipAccumDeprecAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$491,792BOYAmt
EOY$795,980EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,222,126BOYAmt
EOY$6,221,247EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$18,620BOYAmt
EOY$24,673EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,508,863BOYAmt
EOY$2,101,456EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,527,483BOYAmt
EOY$2,126,129EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,694,643BOYAmt
EOY$4,095,118EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,694,643BOYAmt
EOY$4,095,118EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,222,126BOYAmt
EOY$6,221,247EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$400,475ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,530,759CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$336,935CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$357,334CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$882,671CurrentTaxYearMinus1YearAmt
Current Tax Year$665,123CurrentTaxYearAmt
Total$4,772,822TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,530,759CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$336,935CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$357,334CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$882,671CurrentTaxYearMinus1YearAmt
Current Tax Year$665,123CurrentTaxYearAmt
Total$4,772,822TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,518,114SubstantialContributorsTotAmt
Public Support Total170$3,254,708PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$9,280CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,496CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,442CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$21,656CurrentTaxYearMinus1YearAmt
Current Tax Year$28,682CurrentTaxYearAmt
Total$65,556TotalAmt
FieldValueIRS element (for citing)
Total Support$4,838,378TotalSupportAmt
Gross Receipts Rltd Activities$349,653GrossReceiptsRltdActivitiesAmt
Public Support CY1700.67270PublicSupportCY170Pct
Public Support PY1700.73190PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,986OtherCostOrOtherBasisAmt
Depreciation$2,986DepreciationAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$11,032OtherCostOrOtherBasisAmt
Depreciation$11,032DepreciationAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
CERTIFICATES OF DEPOSIT$781,467
ACCRUED INTEREST$14,513
FieldValueIRS element (for citing)
Total Book Value Other Assets$795,980TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
NOTES PAYABLE$1,700,176
REFUNDABLE ADVANCES$358,351
ALLOW FOR UNFUNDED LOAN COMMITMENTS$42,929
FieldValueIRS element (for citing)
Total Liability$2,101,456TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$859,691TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$859,691RevenueSubtotalAmt
Total Revenue Per Form990$859,691TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$459,216TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$459,216ExpensesSubtotalAmt
Total Expenses Per Form990$459,216TotalExpensesPerForm990Amt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonHEATHER PIPERPersonNm
TitleEXECUTIVE DIRECTORTitleTxt
Base Compensation Filing Org$169,993BaseCompensationFilingOrgAmt
Nontaxable Benefits Filing Org$29,899NontaxableBenefitsFilingOrgAmt
Total Compensation Filing Org$199,892TotalCompensationFilingOrgAmt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (4 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
BRYAN LUKE
PART VPART Vfalse
TONY MIZUNO
PART VPART Vfalse
ROBERT VAN TASSEL
PART VPART Vfalse
ANDREANA REYES
PART VPART Vfalse

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE L, PART VFormAndLineReferenceDesc
ExplanationPART IV - BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS (A) NAME OF INTERESTED PARTY: BRYAN LUKE (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: DIRECTOR OF HCRC AND KEY EMPLOYEE OF FINANCIAL INSTITUTION (D) DESCRIPTION OF TRANSACTION: END OF YEAR DEPOSIT BALANCE 439,676 (A) NAME OF INTERESTED PARTY: TONY MIZUNO (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: DIRECTOR OF HCRC AND KEY EMPLOYEE OF FINANCIAL INSTITUTION (D) DESCRIPTION OF TRANSACTION: END OF YEAR DEPOSIT BALANCE 1,793,693 END OF YEAR CO-LENDING LOAN BALANCE 640,323 (A) NAME OF INTERESTED PARTY: ROBERT VAN TASSEL (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: DIRECTOR OF HCRC AND DIRECTOR OF BORROWER OF HCRC (D)DESCRIPTION OF TRANSACTION: END OF YEAR LOAN BALANCE 361,911 (A) NAME OF INTERESTED PARTY: ANDREANA REYES (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: DIRECTOR OF HCRC AND EMPLOYEE OF LENDER TO HCRC (D)DESCRIPTION OF TRANSACTION: END OF YEAR NOTE PAYABLE BALANCE 50,059ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONTHE MISSION OF HAWAII COMMUNITY REINVESTMENT CORPORATION IS TO FACILITATE AFFORDABLE HOUSING, COMMUNITY DEVELOPMENT, AND ECONOMIC DEVELOPMENT THROUGHOUT THE STATE OF HAWAII BY PROVIDING INNOVATIVE FINANCING, TRAINING AND CONSULTING TO ORGANIZATIONS WHO SERVE UNDERSERVED AND DISADVANTAGED COMMUNITIES.
FORM 990, PAGE 2, PART III, LINE 4AHCRC AND SUBSIDIARIES HAVE PROVIDED FINANCING FOR: THE DEVELOPMENT OF 3,508 AFFORDABLE HOUSING RENTAL UNITS WITH TOTAL FUNDING OF 205.5 MILLION THROUGH ITS AFFORDABLE HOUSING BANK CONSORTIUM LOAN PARTICIPATON PROGRAM. 7 BUSINESS LOANS TOTALING 3.6 MILLION THROUGH THE SBA 504 PROGRAM 203 ENERGY EFFICIENT LOANS TOTALING 4.8 MILLION THROUGH THE DBEDT GREENSUN LOAN LOSS RESERVE PROGRAM. 30 DIRECT LOANS TOTALING 4.9 MILLION TO NONPROFITS AND SMALL BUSINESSES TO SUPPORT COMMUNITY PROGRAMS AND ECONOMIC DEVELOPMENT THROUGH ITS COMMUNITY LOAN FUND. 5 DIRECT LOANS TOTALING 2.7 MILLION FOR PREDEVELOPMENT OF 872 NEW AFFORDABLE RENTAL UNITS AND 4 DIRECT LOANS TOTALING 591K FOR THE PRESERVATION OF 11 AFFORDABLE SINGLE FAMILY HOMES AND 3 DIRECT LOANS TOTALING 310K FOR IMPROVEMENTS TO 56,000 SQ FT OF COMMUNITY FACILITIES THROUGH ITS COMMUNITY REAL ESTATE LOAN FUND. HCRC GRANTED 789,474 TO THE UNIVERSITY OF HAWAII FOUNDATION TO FUND AN ENDOWMENT TO ESTABLISH THE HAWAII COMMUNITY REINVESTMENT CORPORATION DISTINGUISHED PROFESSORSHIP IN AFFORDABLE HOUSING, ADMINISTERED A PASSTHROUGH GRANT IN THE AMOUNT OF 1,983,950 FOR HUD AND C&C HONOLULU TO A NONPROFIT PRESERVATION OF AFFORDABLE HOUSING IN TOD DISTRICT, AND ADMINISTERED 153 PASSTHROUGH GRANTS TOTALING 1,833,759 FOR THE C&C HONOLULU MAYORS OFFICE OF CULTURE AND ARTS CARES ACT RECOVERY & RELIEF FUND PROGRAM. HCRC PROVIDES FREE FINANCIAL TECHNICAL ASSISTANCE AND TRAINING TO COMMUNITY BASED ORGANIZATIONS THROUGH INDIVIDUAL CONSULTATION, WEBINARS, AND CONVENINGS.
FORM 990, PART VISECTION A, LINE 6: AS OF AUGUST 8, 2016, THE CORPORATION HAS NO MEMBERS.
FORM 990, PAGE 6, PART VI, LINE 11BTHE ANNUAL FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW AND COMMENT. REVISIONS, IF ANY, ARE MADE PRIOR TO FILING.
FORM 990, PAGE 6, PART VI, LINE 12CTHE POLICY REQUIRES THE BOARD TO PERIODICALLY REVIEW ITS CONFLICT OF INTEREST POLICY. ADDITIONALLY, ALL BOARD MEMBERS ARE REQUIRED TO SUBMIT AN ANNUAL CONFLICT OF INTEREST STATEMENT. PROCEDURES ARE IN PLACE SHOULD A CONFLICT OR POTENTIAL CONFLICT ARISE.
FORM 990, PAGE 6, PART VI, LINE 15ATHE EXECUTIVE COMMITTEE RECOMMENDS COMPENSATION FOR ALL KEY OFFICER POSITIONS BASED ON SALARY SURVEY INFORMATION OF OTHER NONPROFITS ON A NATIONAL LEVEL SUPPLEMENTED WITH LOCAL COMPENSATION INFORMATION FOR BOARD APPROVAL.
FORM 990, PAGE 6, PART VI, LINE 15BTHERE ARE NO OTHER OFFICERS OR KEY EMPLOYEES WHO ARE COMPENSATED BY THE ORGANIZATION.
FORM 990, PAGE 6, PART VI, LINE 19DOCUMENTS ARE MADE AVAILABLE THROUGH VARIOUS MEANS. GOVERNING DOCUMENTS ARE AVAILABLE THROUGH THE DEPARTMENT OF COMMERCE & CONSUMER AFFAIRS OR UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE THROUGH GUIDESTAR.ORG OR UPON REQUEST.

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1HAWAII INVESTORS FOR AFFORDABLE HOUBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 3409AddressLine1Txt
CityHONOLULUCityNm
State AbbreviationHIStateAbbreviationCd
ZIP96801ZIPCd
FieldValueIRS element (for citing)
EIN990319716EIN
Primary ActivitiesPART VIIPrimaryActivitiesTxt
Legal Domicile StateHILegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1PART VIIBusinessNameLine1Txt
FieldValueIRS element (for citing)
Entity TypeC CORPEntityTypeTxt
Ownership1.00000OwnershipPct
Controlled OrganizationfalseControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE RFormAndLineReferenceDesc
ExplanationPART IV - IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS A CORPORATION (A) NAME OF RELATED ORGANIZATION: HAWAII INVESTORS FOR AFFORDABLE HOUSING, INC. (HIAHI) (B) PRIMARY ACTIVITY: REAL ESTATE DEVELOPMENT (D) DIRECT CONTROLLING ENTITY: HAWAII COMMUNITY REINVESTMENT CORPORATION (F) HIAHI DID NOT HAVE ANY INCOME IN 2024 (G) HIAHI DID NOT HAVE ANY ASSETS AT THE END OF 2024ExplanationTxt