2025-08-08T19:10:25-04:00 2024-12-31 990272757 AKAMINE OYADOMARI & KOSAKI CPAS INC 1601 KAPIOLANI BLVD STE 1140 HONOLULU HI 96814 990 2024-01-01 990282148 HAWAII COMMUNITY REINVESTMENT CORPORATION HAWA 8085323110 PO BOX 3409 HONOLULU HI 96801 HEATHER PIPER EXECUTIVE DIRECTOR 8085323110 2025-08-06 true true KRYSTAL CHING P01258469 8089410500 2025-08-06 2024 2025-03-06 01:10:19Z HEATHER PIPER PO BOX 3409 HONOLULU HI 96801 859691 false X WWW.HCRCHAWAII.COM X 1990 HI THE 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. 8 8 2 0 882671 665123 73546 165886 21656 28682 0 977873 859691 0 0 227310 255223 0 0 221513 203993 448823 459216 529050 400475 5222126 6221247 1527483 2126129 3694643 4095118 X THE 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. false false 354652 165886 HCRC 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. 354652 true true false false false false false false false false true false false true true false true false false false false false false false false false false false false true false false false false false false false true false false false false false true true false false false true 8 0 true 2 true false false false false false false false false false false false false X 8 8 false false false false false false false true true false false true true true true true true true true false X X HAWAII COMMUNITY REINVESTMENT CORP 8085323110 PO BOX 3409 HONOLULU HI 96801 BRYAN LUKE CHAIRMAN & S 1.00 X X 0 0 0 SCOTT HAYASHI TREASURER/DI 1.00 X X 0 0 0 AMY ASSELBAYE DIRECTOR 0.50 X 0 0 0 ROY KATSUDA DIRECTOR 0.50 X 0 0 0 TONY MIZUNO DIRECTOR 0.50 X 0 0 0 ROBERT VAN TASSEL DIRECTOR 0.50 X 0 0 0 ANDREANA REYES DIRECTOR 0.50 X 0 0 0 DARREN UEKI DIRECTOR 0.50 X 0 0 0 HEATHER PIPER EXECUTIVE DI 45.00 X 169993 0 29899 169993 29899 1 false true false 125000 540123 665123 INTEREST ON LOANS 522200 128207 128207 LOAN APP AND SERVICE FEES 522200 34230 34230 DBEDT GRANT AWARD 541900 3449 3449 165886 28682 28682 859691 165886 28682 199892 139924 59968 30840 21588 9252 10286 7201 3085 14205 9943 4262 23303 19400 3903 51376 42772 8604 42019 34753 7266 9517 6662 2855 4522 3165 1357 2544 1781 763 2330 1631 699 26135 26135 6295 4407 1888 PROVISION FOR LOAN LOSSES 33747 33747 MISCELLANEOUS 2205 1543 662 459216 354652 104564 0 1197428 1903841 1407556 808228 161979 1958286 2708445 5085 4753 14018 14018 491792 795980 5222126 6221247 18620 24673 1508863 2101456 1527483 2126129 X 3694643 4095118 3694643 4095118 5222126 6221247 400475 X false true X true false X 2530759 336935 357334 882671 665123 4772822 2530759 336935 357334 882671 665123 4772822 1518114 3254708 9280 3496 2442 21656 28682 65556 4838378 349653 0.67270 0.73190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2986 2986 11032 11032 CERTIFICATES OF DEPOSIT 781467 ACCRUED INTEREST 14513 795980 NOTES PAYABLE 1700176 REFUNDABLE ADVANCES 358351 ALLOW FOR UNFUNDED LOAN COMMITMENTS 42929 2101456 859691 859691 859691 459216 459216 459216 X false false false false false false false false false HEATHER PIPER EXECUTIVE DIRECTOR 169993 29899 199892 BRYAN LUKE PART V PART V false TONY MIZUNO PART V PART V false ROBERT VAN TASSEL PART V PART V false ANDREANA REYES PART V PART V false SCHEDULE L, PART V PART 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 50,059 FORM 990 - ORGANIZATION'S MISSION THE 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 4A HCRC 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 VI SECTION A, LINE 6: AS OF AUGUST 8, 2016, THE CORPORATION HAS NO MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B THE 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 12C THE 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 15A THE 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 15B THERE ARE NO OTHER OFFICERS OR KEY EMPLOYEES WHO ARE COMPENSATED BY THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS 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. HAWAII INVESTORS FOR AFFORDABLE HOU PO BOX 3409 HONOLULU HI 96801 990319716 PART VII HI PART VII C CORP 1.00000 false false false false false false false false false false false false false false false false false false false false SCHEDULE R PART 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 2024