2011-07-27T21:16:46-05:00 2010-12-31 AKAMINE OYADOMARI & KOSAKI CPA'S INC 1440 KAPIOLANI BLVD SUITE 900 HONOLULU HI 968143612 990 2010-01-01 990282148 HAWAII COMMUNITY REINVESTMENT CORPORATION HAWA 8085323110 3465 WAIALAE AVENUE NO 393 HONOLULU HI 96816 GWEN YAMAMOTO LAU 8085323110 2011-07-27 1 RODNEY AKAMINE 8089410500 2011-07-27 2010 2016-02-24 21:20:13Z GWEN YAMAMOTO LAU 3465 WAIALAE AVENUE NO 393 HONOLULU HI 96816 1604044 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. 10 10 5 0 0 0 1014 0 1038035 1390449 63926 141794 -693 -725 1102282 1531518 0 0 0 0 171953 219829 0 0 0 1058794 1374221 1230747 1594050 -128465 -62532 23789120 26776057 22604934 25654403 1184186 1121654 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 1481260 1390449 HCRC AND SUBSIDIARIES HAVE ASSISTED 3,134 AFFORDABLE RENTAL HOUSING UNITS WITH FUNDING OF $163.6 MILLION. 1481260 1 0 0 0 0 0 0 0 0 1 0 0 0 0 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 8 0 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 1 0 1 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 DOROTHY SHIGEMURA 1.00 X 0 0 0 KEITH ISHIDA 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 LINDA EZUKA 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 MARVIN AWAYA 1.00 X 0 0 0 ROBERT HARRISON 1.00 X 0 0 0 GWEN LAU 40.00 X 100000 0 7796 ELIZABETH CHAR 40.00 X 46003 0 3031 146003 0 10827 0 0 0 0 0 INTEREST ON LOANS 522200 1313326 1313326 TRAINING PROGRAM 522200 24045 24045 COMMITMENT FEES 522200 20869 20869 CONSULTING FEE INCOME 522200 19244 19244 LOAN SERVICE FEES 522200 12965 12965 1390449 68977 68977 71801 72526 -725 -725 -725 72817 72817 72817 72817 1531518 1390449 0 141069 156830 129881 26949 38647 13857 24790 242 -121 363 10642 8001 2641 13468 9818 3650 4929 4929 13170 13170 314 314 1712 1712 11325 9195 2130 34132 29012 5120 11859 11649 210 1196355 1196355 20586 17498 3088 19673 1639 18034 LOAN SERVICING EXPENSE 29781 29781 YWCA PROGRAM EXPENSES 18903 18903 MISCELLANEOUS 5937 4096 1841 DUES AND SUBSCRIPTIONS 3392 1696 1696 BOARD MEETINGS 2153 2153 1594050 1481260 112790 0 348294 138295 1465903 1271016 21753679 25006919 13852 18537 150607 120101 52372 30506 74017 73934 81003 236850 23789120 26776057 108142 134494 21923074 24859867 573718 660042 22604934 25654403 X 1184186 1121654 1184186 1121654 23789120 26776057 -62532 X X 0 1 1 X 0 X 4500 1000 1014 6514 704173 670263 708761 1038035 1390449 4511681 704173 674763 709761 1039049 1390449 4518195 0 0 0 4518195 61603 55770 79698 63926 68977 329974 61603 55770 79698 63926 68977 329974 765776 730533 789459 1102975 1459426 4848169 0.93190 0.93270 0.06810 0.06730 X 84904 74021 10883 48461 38524 9937 17242 7556 9686 30506 DEPOSITS 94756 ADVANCE LOAN PAYMENTS 76735 HCRC ADVANCES FROM HIAHI 488551 660042 ROBERT HARRISON ALAN ARIZUMI DIRECTORS, KEY EMPLOYEES OF A FINANCIAL INSTITUTION 9222497 DEPOSIT $430,388/LOAN $8,792,109 0 DAVID KAMIMURA DIRECTOR, KEY EMPLOYEE OF A FINANCIAL INSTITUTION 804442 DEPOSIT $264,466/LOAN $539,976 0 RALPH MESICK DIRECTOR, KEY EMPLOYEE OF A FINANCIAL INSTITUTION 8585583 DEPOSIT $233,394/LOAN $8,352,189 0 MARVIN AWAYA DIRECTOR, KEY EMPLOYEE OF PACIFIC HOUSING ASSISTANCE CORP (BORROWER) 6287314 LOAN 0 KEITH KATO DIRECTOR, KEY EMPLOYEE OF HAWAII ISLAND COMMUNITY DEV CORP(BORROWER) 659730 LOAN 0 FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS ROY KATSUDA, MARVIN AWAYA AND KEITH KATO DO BUSINESS WITH DIRECTORS KEITH ISHIDA AND DARREN UEKI. DIRECTORS MARVIN AWAYA, KEITH KATO AND ROY KATSUDA DO BUSINESS WITH DIRECTOR RALPH MESICK. DIRECTOR RALPH MESICK DOES BUSINESS WITH DIRECTOR DARREN UEKI. DIRECTORS KEITH KATO AND ROY KATSUDA DO BUSINESS WITH DIRECTOR ALAN ARIZUMI. DIRECTORS KEITH KATO AND ROY KATSUDA DO BUSINESS WITH DIRECTOR DAVID KAMIMURA. FORM 990, PART VI, SECTION A, LINE 4 DURING 2010, THE DIRECTORS APPROVED THE FOLLOWING CHANGES TO THE ORGANIZATION'S BYLAWS: (1) EXPANDED HCRC'S MISSION AND PURPOSE TO PROVIDE FINANCING, TECHNICAL ASSISTANCE/CONSULTING AND TRAINING TO FACILITATE THE DEVELOPMENT OF LOW AND MODERATE INCOME HOUSING; TO PROVIDE FINANCING, TECHNICAL ASSISTANCE/CONSULTING AND TRAINING TO FACILITATE COMMUNITY DEVELOPMENT AND COMMUNITY DEVELOPMENT FACILITIES; AND TO PROVIDE FINANCING, TECHNICAL ASSISTANCE/CONSULTING AND TRAINING TO FACILITATE ECONOMIC DEVELOPMENT IN THE STATE OF HAWAII; AND (2) CONVERTED HCRC FROM A NONMEMBER BASED TO A MEMBERSHIP BASED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 HCRC HAS 26 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 -3712 749818 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