2016-11-10T15:11:04-06:00 2015-12-31 990169131 N&K CPAS INC 1001 BISHOP ST STE 1700 ASB TWR HONOLULU HI 968133693 990 2015-01-01 990301740 KA HALE A KE OLA HOMELESS RESOURCE CNTR Centers Inc KAHA 8082427600 670 WAIALE DRIVE WAILUKU HI 96793 monique r yamashita Chief Executive Officer 8082427600 2016-11-04 1 Chad K Funasaki P01755832 8085242255 2015 2017-02-10 21:41:12Z MONIQUE R YAMASHITA 670 WAIALE DRIVE WAILUKU HI 96793 5968141 0 X www.khako.org X 1992 HI To operate a homeless resource center. 14 14 84 523 0 0 2688239 2677937 908931 3045938 66421 2718 120430 241291 3784021 5967884 0 0 0 0 2146470 2518697 0 0 0 2048966 3901274 4195436 6419971 -411415 -452087 14108247 22535883 7385456 10826541 6722791 11709342 to serve the needs of the homeless on maui by providing emergency shelter and transitional housing, to voice their concerns, to empower them to take responsibility for their own lives and to call on the community to assist in these actions. 0 0 4497341 3277845 shelter operations - the program provides permanent, transitional, and emergency housing to homeless individuals and families on maui.effective january 1, 2015, khako acquired hale makana o'waiale rental project, which is a 200-unit multifamily apartment complex located in wailuku, hawaii, intended for rental to individuals or families with income below 50% of the county of maui's median gross income levels. 996244 EDUCATION, VOCATIONAL TRAINING, AND SOCIAL SERVICES - THE PROGRAM PROVIDED A SERIES OF LIFE-SKILLS CLASSES DESIGNED TO BREAK THE PATTERN OF HOMELESSNESS: CLASSES IN BUDGETING, SELF-ESTEEM, FAMILY DYNAMICS, COMMUNICATION, AND NUTRITION. OVER 80% OF THE RESIDENTS ARE WORKING AND CONTRIBUTING TO THE COMMUNITY. 5493585 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 23 0 1 84 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 1 1 HI X Thanaid Uralwong 8082427600 670 WAIALE DRIVE Wailuku HI 96793 Marc Chesick DIrector 0.50 X 0 0 0 Michael Victorino vice president 0.50 X X 0 0 0 Alec McBarnet Jr Treasurer 0.50 X X 0 0 0 Rev Gary Colton Director 0.50 X 0 0 0 John Decker SECRETARY 0.50 X X 0 0 0 Rory Frampton Director 0.50 X 0 0 0 Steve Miller president 0.50 X X 0 0 0 Alvin Tagomori Director 0.50 X 0 0 0 James Worley Director 0.50 X 0 0 0 CATHY BIO DIrector 0.50 X 0 0 0 DOUG WRIGHT DIREctor 0.50 X 0 0 0 NICOLE SPALDING DIrector 0.50 X 0 0 0 MIRIAM TUTTLE DIRECTOR 0.50 X 0 0 0 KIT HART DIRECTOR 0.50 X 0 0 0 erin l lowenthal chief Executive Officer 40.00 X 93762 0 5780 THANAID URALWONG CHIEF FINANCIAL OFFICER 40.00 X 75000 0 11907 168762 0 17687 0 0 0 0 0 2515462 162475 2677937 rental income 531110 2420108 2420108 TRANS. HOUSING FEES 531110 625830 625830 3045938 2718 2718 9641 257 9384 9384 Other 900099 231907 231907 231907 5967884 3277845 0 12102 186449 186449 1771776 1407165 364611 51173 35510 15663 312616 264951 47665 196683 143315 53368 187795 138105 49690 23958 23958 62706 19840 42866 1013 437 576 419 419 1145981 1081789 64192 12043 6176 5867 140315 140315 1653358 1605265 48093 200585 189972 10613 Supplies 211833 199477 12356 Building repairs & main 125424 125424 Goodwill impairment 93005 93005 Bad Debt 42839 42839 6419971 5493585 926386 0 249735 884643 1498920 2056907 148867 216740 213376 34448 7481656 35680 60790 41606812 22514764 4215230 19092048 7956 7956 256827 182351 14108247 22535883 1782880 2056345 1540000 1540000 4000000 7000000 62576 230196 7385456 10826541 X 5722791 10709342 1000000 1000000 6722791 11709342 14108247 22535883 X -452087 5438638 X X 0 1 X 1 1 1 X 2783036 3415556 2821219 2688239 2677937 14385987 2783036 3415556 2821219 2688239 2677937 14385987 14385987 7380 66150 64970 66421 2718 207639 16599 27814 12373 9384 66170 14659796 5697914 0.98130 0.98260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1000000 366 366 1000000 1000000 602 602 1000000 1000000 788 788 1000000 1000000 1968 1968 1000000 1.00000 0 0 39928595 21693454 18235141 1582067 742860 839207 96150 78450 17700 19092048 tenant security deposits 182351 deferred grant revenue 47845 230196 X 11406779 5438638 5438638 5968141 -257 -257 5967884 6420228 257 257 6419971 0 6419971 Part V, Line 4: INCOME GENERATED FROM THE ENDOWMENT FUND IS TO BE USED FOR THE MAINTENANCE AND UPKEEP OF KA HALE A KE OLA HOMELESS RESOURCE CENTERS, INC. Part X, Line 2: Ka Hale A Ke Ola Homeless Resource Centers, Inc. (KHAKO) is recognized by the Internal Revenue Service as an exempt organization under Section 501(c)(3) of the Internal Revenue Code. KHAKO is not subject to income taxes in the U.S. federal jurisdiction and the State of Hawaii. Part XI, Line 2d - Other Adjustments: Gain on extinguishment of debt 5,438,638. Part XI, Line 4b - Other Adjustments: fundraising expenses -257. Part XII, Line 2d - Other Adjustments: Fundraising direct expense 257. Form 990, Part VI, Section B, line 11 A copy of the Form 990 is provided to each member of the Finance Committee for review before it is filed. Form 990, Part VI, Section B, line 12c Persons covered by the policy annualy disclose or update the President of the Board of Directors on a form provided by the Organization their interests that could rise to conflicts of interest. Form 990, Part VI, Section B, line 15a Compensation is subject to review and approval by the governing body. Form 990, Part VI, Section C, line 19 Copies provided upon request. Form 990, Part XI, line 9: Gain from extinguishment of debt 5,438,638. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SCHEDULE R, PARTS III AND V effective january 1, 2015, the special limited partner and the investment partnership exited the partnership and required khako to purchase the limited partners' interest in the partnership. as such, khako acquired the project and continues to operate the rental project as a qualified low-income housing project within the meaning of section 42 of the internal revenue code and section 235-110 of the hawaii revised statutes. with khako's acquisition of the project, the following are the assets acquired and the liabilities assumed: cash - $35,371 receivables - $20,066 prepaid expenses - $26,510 property and equipment - $16,327,600 other assets - $317,692 accounts payable and accrued liabilities - $319,889 notes payable - $8,463,638 Hale Makana O Waiale A Hawaii Limited Partnership 670 Waiale Road Wailuku HI 96793 990333139 Low income housing Rental HI N/A Related 1364 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1