← NEIGHBORHOOD HOUSING COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by NEIGHBORHOOD HOUSING COMMUNITY DEVELOPMENT CORPORATION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 18 June 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue: $10,114,286 changed to $10,081,745
Total expenses: $824,336 changed to $799,734
Contributions and grants received: $9,889,418 changed to $9,856,877
Total assets, end of year: $11,269,271 changed to $11,363,462
Total liabilities, end of year: $1,988,482 changed to $2,125,637
Net assets or fund balances, end of year: $9,280,789 changed to $9,237,825
Program services expenses: $659,468 changed to $486,510
Management and general expenses: $164,868 changed to $272,123
Fundraising expenses: $0 changed to $41,101
Program service expenses (Part III): $659,468 changed to $486,510

Totals

Total revenue: $10,114,286
Total expenses: $824,336
Contributions and grants received: $9,889,418
Grants paid: $0
Program service revenue: $224,831
Investment income: $37
Other revenue: $0
Total assets, end of year: $11,269,271
Total liabilities, end of year: $1,988,482
Net assets or fund balances, end of year: $9,280,789
Program services expenses (Part IX): $659,468
Management and general expenses: $164,868
Fundraising expenses: $0
Program service expenses (Part III): $659,468

Program services were 80.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1f · All other contributions, gifts and grants

$9,889,418
2a · Program service revenue: RENTAL INCOME

total $218,439 · related or exempt $218,439
2b · Program service revenue: LANDLORD INCENTIVES

total $6,392 · related or exempt $6,392
3 · Investment income

total $37 · excluded $37

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $159,600 · program services $127,680 · management and general $31,920
7 · Other salaries and wages

total $278,724 · program services $222,979 · management and general $55,745
9 · Other employee benefits

total $13,865 · program services $11,092 · management and general $2,773
10 · Payroll taxes

total $40,740 · program services $32,592 · management and general $8,148
11b · Fees: legal

total $21,363 · program services $17,090 · management and general $4,273
11c · Fees: accounting

total $4,065 · program services $3,252 · management and general $813
11g · Fees: other

total $73,656 · program services $58,924 · management and general $14,732
12 · Advertising and promotion

total $4,004 · program services $3,203 · management and general $801
13 · Office expenses

total $26,121 · program services $20,897 · management and general $5,224
16 · Occupancy

total $89,774 · program services $71,820 · management and general $17,954
20 · Interest

total $667 · program services $534 · management and general $133
22 · Depreciation, depletion and amortization

total $56,786 · program services $45,429 · management and general $11,357
23 · Insurance

total $34,024 · program services $27,219 · management and general $6,805
24a · Other expenses: EXCISE TAXES

total $10,669 · program services $8,535 · management and general $2,134
24b · Other expenses: DEDICATIONS

total $1,639 · program services $1,311 · management and general $328
24c · Other expenses: PUBLIC AWARENESS

total $1,627 · program services $1,302 · management and general $325
24d · Other expenses: BAD DEBT EXPENSE

total $1,483 · program services $1,186 · management and general $297
24e · All other expenses

total $5,529 · program services $4,423 · management and general $1,106

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $337,327 · end of year $5,096,107
2 · Savings and temporary cash investments

end of year $173,844
4 · Accounts receivable

end of year $3,000
9 · Prepaid expenses and deferred charges

end of year $75,970
10a · Land, buildings and equipment: cost or other basis

$2,763,838
10b · Land, buildings and equipment: accumulated depreciation

$56,786
10c · Land, buildings and equipment, net

end of year $2,707,052
11 · Investments: publicly traded securities

end of year $980,000
15 · Other assets

beginning of year $1,104,256 · end of year $2,233,298
17 · Accounts payable and accrued expenses

beginning of year $1,100,744 · end of year $22,341
23 · Secured mortgages and notes payable

beginning of year $350,000 · end of year $1,930,000
25 · Other liabilities

end of year $36,141
27 · Net assets without donor restrictions

beginning of year -$9,161 · end of year $9,280,789

Mission and programs · 2022

Mission

TO PROVIDE HOMES AND SUSTAINABLE LIVING SOLUTIONS, WITHIN REACH, AND RESTORING HOPE TO THE PEOPLE OF HAWAII.

A 13-UNIT COMPLEX WAS ACQUIRED/REHABILITATED, KAUHALE O KEKAHA APARTMENT COMMUNITY THAT PROVIDES PERMANENT RENTAL HOUSING FOR THE HOUSELESS HOUSEHOLDS EARNING 50% AREA MEDIAN INCOME AND BELOW. WE COLLABORATED WITH KAUA'I COMMUNITY ALLIANCE NETWORK WHICH IS PART OF THE CONTINUUM OF CARE BRIDGING THE GAP CONSORTIUM OF SERVICE PROVIDERS. DURING THE FIRST PROGRAM YEAR WE STABILIZED 11 HOUSEHOLDS FROM HOUSELESSNESS THROUGH THIS PROJECT. WITH THE ACQUISITION OF KEKAHA, WE CREATED THE BEYOND HOUSING PROGRAM (BHP), WHICH PROVIDES A SUPPORTIVE HOUSING ENVIRONMENT FOR ALL OUR RENTAL RESIDENTS. THE BHP HELPS TENANTS MAINTAIN HOUSING STABILITY AND IMPROVE RESIDENTS' ECONOMIC AND SOCIAL MOBILITY AS APPROPRIATE. PAL CREATED THE HO'OMALUHIA COMMUNITY LAND TRUST (HCLT), WHICH INCREASES AFFORDABILITY AND ENSURES SUBSIDY IS STRETCHED OVER GENERATIONS AND ALSO ACQUIRED A LAND PARCEL AND RECEIVED DEVELOPMENT ENTITLEMENTS TO CREATE LOTS AND CREATED THE HOUSE PLANS FOR AN 11 UNIT KILAUEA AFFORDABLE HOUSING FOR- SALE PROJECT.

Expenses $659,468 · Revenue $224,831

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Lawrence GraffLAWRENCE GRAFF

COO/VICE PRE

Total calculated

$89,600

From this org

$82,646

From related orgs

$0

Other

$6,954

Hours/week

40
James EdmondsJAMES EDMONDS

EXECUTIVE DI

Total calculated

$70,000

From this org

$70,000

From related orgs

$0

Other

$0

Hours/week

40
Leilani SpencerLEILANI SPENCER

PRESIDENT

Total calculated

$0

Hours/week

1
Harvest EdmondsHARVEST EDMONDS

TREASURER

Total calculated

$0

Hours/week

1
Glenn HeadGLENN HEAD

SECRETARY

Total calculated

$0

Hours/week

1
Puna DawsonPUNA DAWSON

MEMBER

Total calculated

$0

Hours/week

1
Janice BondJANICE BOND

MEMBER

Total calculated

$0

Hours/week

1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2022
Filed: 8 November 2023
IRS schema version: 2022v5.0
Source object: 202333189349306123

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