2019-11-12T14:24:19-06:00 2018-12-31 990272757 AKAMINE OYADOMARI & KOSAKI CPA'S INC 1440 KAPIOLANI BLVD SUITE 900 HONOLULU HI 968143612 990 2018-01-01 990282148 HAWAII COMMUNITY REINVESTMENT CORPORATION HAWA 8085323110 PO BOX 3409 HONOLULU HI 96801 HEATHER PIPER PRESIDENT 8085323110 2019-11-12 1 RODNEY AKAMINE P00308422 8089410500 2019-11-12 66.192.220.250 2019-11-12 08:36:13 HS P B32F8421A7CC76395A6631F7EFAC46E716792497 B32F8421A7CC76395A6631F7EFAC46E716792497 2018 2020-03-31 21:24:44Z HEATHER PIPER PO BOX 3409 HONOLULU HI 96801 2401942 0 X WWW.HCRCHAWAII.COM X 1990 HI THE MISSION OF THE CORPORATION IS TO PROVIDE INNOVATIVE FINANCING, TRAINING, AND CONSULTING SERVICES TO PUBLIC AND PRIVATE ORGANIZATIONS WHO ENGAGE IN BUILDING LIVABLE COMMUNITIES IN HAWAII. 8 8 1 0 0 0 0 275000 79277 2122973 4131 3969 0 0 83408 2401942 0 1983950 0 0 190347 193899 0 0 0 69505 114951 259852 2292800 -176444 109142 4983831 3451579 2856150 1186515 2127681 2265064 THE MISSION OF THE CORPORATION IS TO FACILITATE AFFORDABLE HOUSING, COMMUNITY DEVELOPMENT FACILITIES AND ECONOMIC DEVELOPMENT THROUGHOUT THE STATE OF HAWAII BY PROVIDING INNOVATIVE FINANCING, TRAINING, AND CONSULTING SERVICES TO PUBLIC AND PRIVATE ORGANIZATIONS. 0 0 2185497 1983950 2122973 HCRC AND SUBSIDIARIES HAVE ASSISTED 3,508 AFFORDABLE RENTAL HOUSING UNITS WITH FUNDING OF $205.5 MILLION THROUGH ITS AFFORDABLE HOUSING LOAN PARTICIPATION PROGRAM. THE CORPORATION HAS PROVIDED 7 SMALL BUSINESS LOANS TOTALING $3.6 MILLION THROUGH THE SBA 504 LOAN PROGRAM (WITHDREW IN 2015) AND 203 ENERGY EFFICIENCY LOANS TOTALING $4.8 MILLION THROUGH THE DBEDT GREENSUN LOAN LOSS RESERVE PROGRAM. ADDITIONALLY, IN 2016 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. IN 2018 HCRC ADMINISTERED A PASS-THROUGH GRANT IN THE AMOUNT OF $1,983,950 FOR HUD AND C&C HONOLULU TO A NONPROFIT FOR PRESERVATION OF AFFORDABLE HOUSING IN TOD DISTRICT. 2185497 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 7 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X HAWAII COMMUNITY REINVESTMENT CORPORATION 8085323110 PO BOX 3409 HONOLULU HI 96801 BRYAN LUKE CHAIRMAN & SECRETARY/DIRECTOR 1.00 X X 0 0 0 SCOTT HAYASHI TREASURER/DIRECTOR 1.00 X X 0 0 0 DAVID KAMIMURA FORMER DIRECTOR (THRU 4/1/18) 0.25 X 0 0 0 KEITH KATO 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 RALPH MESICK DIRECTOR 0.25 X 0 0 0 SHARLENE TSUDA DIRECTOR 0.25 X 0 0 0 DARREN UEKI DIRECTOR 0.25 X 0 0 0 HEATHER PIPER PRESIDENT 45.00 X 140907 0 26978 140907 0 26978 1 0 1 0 0 275000 275000 TOD GRANT AWARD 541900 2099071 2099071 INTEREST ON LOANS 522200 13717 13717 DBEDT GRANT AWARD 541900 10185 10185 2122973 3969 3969 2401942 2122973 0 3969 1983950 1983950 167885 104836 63049 3529 2204 1325 22485 14041 8444 15238 11607 3631 13424 10225 3199 66560 50551 16009 1196 1196 3099 115 2984 7800 7800 1364 1364 582 63 519 2109 2109 REPAIRS & MAINTENANCE 2604 2604 MISCELLANEOUS 975 105 870 2292800 2185497 107303 0 15086 301885 4341416 1732815 488610 431139 338 2552 13459 7723 317 5736 72026 72026 66038 905426 4983831 3451579 16052 18598 2840098 1167917 2856150 1186515 X 2127681 2219551 45513 2127681 2265064 4983831 3451579 109142 28241 0 X 0 1 X 1 1 1 X 275000 275000 1523768 1034592 29776 79277 2122973 4790386 1523768 1034592 29776 79277 2397973 5065386 0 2075052 2075052 2075052 2075052 2990334 62796 34699 3685 4131 3969 109280 62796 34699 3685 4131 3969 109280 1586564 1069291 33461 83408 2401942 5174666 0.57790 0.96110 0.02110 0.03890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2986 2986 0 10473 4737 5736 5736 CERTIFICATES OF DEPOSIT 783404 CONTRIBUTION RECEIVABLE 100000 OTHER RECEIVABLES 13891 DUE FROM HIAHI 8131 905426 ADVANCES FROM HIAHI 488551 GREENSUN LLR DEPOSITS 47811 GREENSUN MANAGEMENT FEE FUND 32231 REFUNDABLE ADVANCES 20513 GREENSUN REFLOW & ADMINISTRATIVE FEE FUND 78811 NOTE PAYABLE 500000 1167917 X PART X, LINE 2: THE ORGANIZATION HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS IN FILED RETURNS THAT REQUIRE DISCLOSURE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. 1 GREGORY HOUSE PROGRAMS 200 N VINEYARD BLVD SUITE A310 HONOLULU HI 96817 990265111 501(C)(3) 1983950 PRESERVATION OF AFFORDABLE HOUSING IN TOD DISTRICT 1 0 PART I, LINE 2: INFORMATION OBTAINED BY HCRC FOR GRANT AWARD REVIEW IS STORED ELECTRONICALLY AND RETAINED FOR A MINIMUM OF 5 YEARS. HCRC WILL ISSUE A POST-CLOSING REPORT TO THE CITY & COUNTY OF HONOLULU WITHIN 60 DAYS OF FUNDING THE GRANT WHICH WILL INCLUDE THE STATUS ON PENDING ITEMS. ADDITIONALLY, HCRC WILL ISSUE AN ANNUAL REPORT FOR 2018 WITHIN 30 DAYS OF YEAR END. X 0 0 0 0 0 0 0 0 0 HEATHER PIPER PRESIDENT 140907 0 0 0 0 0 0 0 26978 0 167885 0 0 0 RALPH MESICK DIRECTOR OF EO, KEY EMPLOYEE OF A FINANCIAL INSTITUTION END OF YEAR DEPOSIT BALANCE $217,710 0 DAVID KAMIMURA DIRECTOR OF EO, KEY EMPLOYEE OF A FINANCIAL INSTITUTION END OF YEAR DEPOSIT BALANCE $108,620 0 BRYAN LUKE DIRECTOR OF EO, KEY EMPLOYEE OF A FINANCIAL INSTITUTION END OF YEAR DEPOSIT BALANCE $53,484 0 TONY MIZUNO DIRECTOR OF EO, KEY EMPLOYEE OF A FINANCIAL INSTITUTION END OF YEAR DEPOSIT BALANCE $2,302,180 0 FORM 990, PART VI, SECTION A, LINE 2 DIRECTOR ROY KATSUDA DOES BUSINESS WITH DIRECTOR DARREN UEKI. DIRECTOR KEITH KATO DOES BUSINESS WITH DIRECTOR DARREN UEKI, DIRECTOR RALPH MESICK AND DIRECTOR TONY MIZUNO. FORM 990, PART VI, SECTION B, 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, PART VI, SECTION B, 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, PART VI, SECTION B, LINE 15 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, PART VI, SECTION C, 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. FORM 990, PART VI, SECTION A, LINE 6: AS OF AUGUST 8, 2016, THE CORPORATION HAS NO MEMBERS. HAWAII INVESTORS FOR AFFORDABLE HOUSING INC PO BOX 3409 HONOLULU HI 96801 990319716 REAL ESTATE DEVELOPMENT HI HAWAII COMMUNITY REINVESTMENT CORPORATION C -1494 715422 1.00000 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 HAWAII INVESTORS FOR AFFORDABLE HOUSING INC E 488551 BOOK VALUE