2012-11-07T20:49:07-06:00 2011-12-31 990272757 AKAMINE OYADOMARI & KOSAKI CPA'S INC 1440 KAPIOLANI BLVD SUITE 900 HONOLULU HI 968143612 990 2011-01-01 990282148 HAWAII COMMUNITY REINVESTMENT CORPORATION HAWA 8085323110 3465 WAIALAE AVENUE NO 393 HONOLULU HI 96816 GWEN YAMAMOTO LAU 8085323110 2012-11-07 1 RODNEY AKAMINE P00308422 8089410500 2012-11-07 2011 2016-02-25 16:41:14Z GWEN YAMAMOTO LAU 3465 WAIALAE AVENUE NO 393 HONOLULU HI 96816 1901737 0 X WWW.HCRC-HAWAII.ORG X 1990 HI THE MISSION OF THE CORPORATION IS TO PROVIDE FINANCING, TECHNICAL ASSISTANCE AND TRAINING TO FACILITATE AFFORDABLE HOUSING, COMMUNITY DEVELOPMENT AND ECONOMIC DEVELOPMENT IN THE STATE OF HAWAII. 8 8 4 0 0 0 0 0 1390449 1757429 141794 89941 -725 722 1531518 1848092 0 0 0 0 219829 161752 0 0 0 1374221 1773564 1594050 1935316 -62532 -87224 26776057 28623365 25654403 27588935 1121654 1034430 THE MISSION OF THE CORPORATION IS TO PROVIDE FINANCING, TECHNICAL ASSISTANCE AND TRAINING TO FACILITATE AFFORDABLE HOUSING, COMMUNITY DEVELOPMENT AND ECONOMIC DEVELOPMENT IN THE STATE OF HAWAII. 0 0 1754598 1757429 HCRC AND SUBSIDIARIES HAVE ASSISTED 3,134 AFFORDABLE RENTAL HOUSING UNITS WITH FUNDING OF $163.6 MILLION. 1754598 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 7 0 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X HAWAII COMMUNITY REINVESTMENT CORPO 8085323110 3465 WAIALAE AVENUE 393 HONOLULU HI 96816 RALPH MESICK 1.00 X X 0 0 0 DAVID KAMIMURA 1.00 X X 0 0 0 ALAN YEE 1.00 X X 0 0 0 ALAN ARIZUMI 1.00 X 0 0 0 KEITH KATO 1.00 X 0 0 0 ROY KATSUDA 1.00 X 0 0 0 NADINE NAKAMURA 1.00 X 0 0 0 DARREN UEKI 1.00 X 0 0 0 GWEN LAU 40.00 X 113000 0 7185 113000 0 7185 1 0 0 0 0 INTEREST ON LOANS 522200 1487724 1487724 DBEDT GRANT AWARD REVE 522200 196767 196767 LOAN SERVICE FEES 522200 25538 25538 COMMITMENT FEES 522200 23975 23975 SEMINAR INCOME 522200 23425 23425 1757429 72564 72564 54367 53645 722 722 722 17377 0 17377 17377 17377 1848092 1757429 0 90663 120185 90139 30046 23400 13761 9639 450 270 180 7255 6085 1170 10462 7586 2876 6986 6986 23115 23115 73422 73422 1173 1173 10286 8305 1981 33234 28249 4985 5997 5762 235 1344276 1344276 15596 13257 2339 16548 1512 15036 DBEDT GRANT AWARD EXPEN 177165 177165 0 LOAN SERVICING EXPENSE 33551 33551 EDUCATIONAL PROGRAM EXP 17143 17143 0 MISCELLANEOUS 8439 5614 2825 6633 1923 4710 1935316 1754598 180718 0 138295 1734616 1271016 2101927 25006919 24530327 18537 6079 156582 136355 30506 20227 73934 73848 236850 156341 26776057 28623365 134494 139737 24859867 24298648 660042 3150550 25654403 27588935 X 1121654 1034430 1121654 1034430 26776057 28623365 -87224 0 X X 0 1 1 X 0 X 4500 1000 1014 6514 670263 708761 1038035 1390449 1757429 5564937 674763 709761 1039049 1390449 1757429 5571451 0 0 0 5571451 55770 79698 63926 68977 72564 340935 55770 79698 63926 68977 72564 340935 730533 789459 1102975 1459426 1829993 5912386 0.94230 0.93190 0.05770 0.06810 X 84904 84904 0 54436 42299 12137 17242 9152 8090 20227 DEPOSITS 61551 ADVANCE LOAN PAYMENTS 98335 HCRC ADVANCES FROM HIAHI 488551 GREENSUN LLR DEPOSITS 2502113 3150550 ALAN ARIZUMI DIRECTOR, KEY EMPLOYEE OF A FINANCIAL INSTITUTION 10508855 DEPOSIT $1,905,904/LOAN $8,602,951 0 DAVID KAMIMURA DIRECTOR, KEY EMPLOYEE OF A FINANCIAL INSTITUTION 794998 DEPOSIT $267,121/LOAN $527,877 0 RALPH MESICK DIRECTOR, KEY EMPLOYEE OF A FINANCIAL INSTITUTION 8402636 DEPOSIT $231,967/LOAN $8,170,669 0 KEITH KATO DIRECTOR, KEY EMPLOYEE OF HAWAII ISLAND COMMUNITY DEV CORP(BORROWER) 649708 LOAN 0 FORM 990, PART VI, SECTION A, LINE 2 DIRECTOR ROY KATSUDA DO BUSINESS WITH DIRECTOR DARREN UEKI. DIRECTOR RALPH MESICK DOES BUSINESS WITH DIRECTOR DARREN UEKI. DIRECTOR KEITH KATO DOES BUSINESS WITH DIRECTOR RALPH MESICK AND DIRECTOR ALAN ARIZUMI. FORM 990, PART VI, SECTION A, LINE 6 HCRC HAS 27 MEMBERS REPRESENTING (1) FINANCIAL INSTITUTIONS; (2) GOVERNMENT ENTITIES; (3) SMALL BUSINESSES AND (4) COMMUNITY ORGANIZATIONS. FORM 990, PART VI, SECTION A, LINE 7A A MEETING OF HCRC'S MEMBERS ARE HELD ANNUALLY FOR THE ELECTION OF DIRECTORS AND THE TRANSACTION OF SUCH OTHER BUSINESS AS MAY BE DETERMINED. FORM 990, PART VI, SECTION B, LINE 11 THE ANNUAL FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW AND COMMENT. REVISIONS, IF ANY, ARE MADE PRIOR TO BOARD APPROVAL. 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 COMPENSATION 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 XI, LINE 2C: THE FINANCE COMMITTEE IS RESPONSIBLE FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT AND OVERSIGHT OF THE AUDIT REVIEWER. HAWAII INVESTORS FOR AFFORDABLE HOUSING INC 3465 WAIALAE AVE SUITE 393 HONOLULU HI 96816 990319716 DEVELOPMENT HI N/A C -1487 748451 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 HAWAII INVESTORS FOR AFFORDABLE HOUSING INC E 488551 BOOK VALUE