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Nonprofiteer
← HAWAIIAN COMMUNITY ASSETS INC

Form 990 for tax year 2022

Filed by HAWAIIAN COMMUNITY ASSETS INC.

Totals

Total revenue
$4,973,269
Total expenses
$2,561,743
Contributions and grants received
$4,551,958
Grants paid
$40,940
Program service revenue
$350,260
Investment income
$1,969
Other revenue
$69,082
Total assets, end of year
$4,913,963
Total liabilities, end of year
$1,731,736
Net assets or fund balances, end of year
$3,182,227
Program services expenses (Part IX)
$1,839,017
Management and general expenses
$698,131
Fundraising expenses
$24,595
Program service expenses (Part III)
$1,839,017

Program services were 71.8% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $460,814

  • 1f · All other contributions, gifts and grants

    $4,091,144

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: SERVICE CONTRACTS

    total $111,533 · related or exempt $111,533 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: FINANCIAL LITERACY

    total $238,727 · related or exempt $238,727 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1 · related or exempt $0 · unrelated business $0 · excluded $1

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $66,841 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $66,841 · personal property $0

  • 6d · Net rental income or loss

    total $66,841 · related or exempt $66,841 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $2,030 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $62 · other assets $0

  • 7c · Gain or loss

    securities $1,968 · other assets $0

  • 7d · Net gain or loss

    total $1,968 · related or exempt $1,968 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $280

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $67

  • 8c · Net income from fundraising events

    total $213 · unrelated business $0 · excluded $213

  • 11d · All other revenue

    total $2,028 · related or exempt $2,028 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $2,028

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $40,940 · program services $40,940

  • 5 · Compensation of officers, directors and key employees

    total $129,175 · program services $93,006 · management and general $36,169 · fundraising $0

  • 7 · Other salaries and wages

    total $1,122,742 · program services $827,514 · management and general $294,952 · fundraising $276

  • 8 · Pension plan contributions

    total $14,341 · program services $11,749 · management and general $1,158 · fundraising $1,434

  • 9 · Other employee benefits

    total $140,680 · program services $110,067 · management and general $28,676 · fundraising $1,937

  • 10 · Payroll taxes

    total $76 · program services $0 · management and general $76 · fundraising $0

  • 11b · Fees: legal

    total $150 · program services $0 · management and general $150 · fundraising $0

  • 11c · Fees: accounting

    total $97,860 · program services $308 · management and general $97,552 · fundraising $0

  • 11g · Fees: other

    total $393,778 · program services $208,545 · management and general $185,185 · fundraising $48

  • 12 · Advertising and promotion

    total $9,352 · program services $2,857 · management and general $6,495 · fundraising $0

  • 13 · Office expenses

    total $131,076 · program services $89,316 · management and general $38,086 · fundraising $3,674

  • 14 · Information technology

    total $12,348 · program services $11,981 · management and general $43 · fundraising $324

  • 16 · Occupancy

    total $146,300 · program services $137,415 · management and general $786 · fundraising $8,099

  • 17 · Travel

    total $64,798 · program services $55,686 · management and general $9,112 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $2,650 · program services $2,650 · management and general $0 · fundraising $0

  • 20 · Interest

    total $53,465 · program services $53,465 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $53,737 · program services $61,240 · management and general -$16,252 · fundraising $8,749

  • 23 · Insurance

    total $27,860 · program services $27,860 · management and general $0 · fundraising $0

  • 24a · Other expenses: OTHER PROGRAM EXPENSES

    total $104,742 · program services $103,715 · management and general $1,027 · fundraising $0

  • 24b · Other expenses: OTHER EXPENSES

    total $15,673 · program services $703 · management and general $14,916 · fundraising $54

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $369,886 · end of year $970,028

  • 3 · Pledges and grants receivable

    beginning of year $282,374

  • 4 · Accounts receivable

    end of year $535,868

  • 7 · Other notes and loans receivable

    beginning of year $394,165 · end of year $34,938

  • 8 · Inventories for sale or use

    beginning of year $52,385 · end of year $47,112

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,612 · end of year $27,354

  • 10a · Land, buildings and equipment: cost or other basis

    $3,413,822

  • 10b · Land, buildings and equipment: accumulated depreciation

    $118,349

  • 10c · Land, buildings and equipment, net

    beginning of year $515,351 · end of year $3,295,473

  • 15 · Other assets

    beginning of year $6,277 · end of year $3,190

  • 17 · Accounts payable and accrued expenses

    beginning of year $205,589 · end of year $101,315

  • 19 · Deferred revenue

    end of year $3,000

  • 23 · Secured mortgages and notes payable

    beginning of year $367,619 · end of year $1,589,898

  • 24 · Unsecured notes and loans payable

    beginning of year $301,162 · end of year $37,523

  • 25 · Other liabilities

    end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $475,172 · end of year -$41,323

  • 28 · Net assets with donor restrictions

    beginning of year $284,508 · end of year $3,223,550

Mission and programs · 2022

Mission

THE PURPOSE OF THE ORGANIZATION IS TO FOSTER THE DEVELOPMENT OF ECONOMIC OPPORTUNITIES FOR LOW AND MIDDLE INCOME FAMILIES AND PERSONS IN THE STATE OF HAWAII, INCLUDING NATIVE HAWAIIANS AND OTHERS.

Activities or mission (Part I)

OUR MISSION IS TO BUILD THE CAPACITY OF LOW- AND MODERATE-INCOME COMMUNITIES TO ACHIEVE AND SUSTAIN ECONOMIC SELF-SUFFICIENCY WITH A PARTICULAR FOCUS ON NATIVE HAWAIIANS.

  • GENERAL PROGRAM - HAWAIIAN COMMUNITY ASSETS SERVED OVER 1,600 INDIVIDUALS DURING 2023 WITH HOUSING COUNSELING AND FINANCIAL LITERACY SERVICES TO PROMOTE HOUSING STABILITY, AFFORDABILITY, AND SUSTAINABLE HOMEOWNERSHIP. THIS PROGRAM INCLUDED GRANTS OF $40,940 TO YOUTH PARTICIPANTS IN FINANCIAL LITERACY COHORTS.

    Expenses $1,687,006 · Grants $40,940 · Revenue $238,727

  • EDUCATION - HAWAIIAN COMMUNITY ASSETS SERVED OVER 2,027 INDIVIDUALS DURING 2023 WHO ATTENDED HOMEBUYER WORKSHOPS AND RENTAL EDUCATION/FINANCIAL EDUCATION WORKSHOPS. HCA COLLECTED $111,533 FROM THE SALE OF BOOKS AND PROGRAM FEES.

    Expenses $143,422 · Revenue $111,533

  • FINANCIAL ASSISTANCE - HAWAIIAN COMMUNITY ASSETS SERVED 19 SENIORS WITH MATCH SAVINGS IN THE KUPUNA MATCH PROGRAM IN 2023.

    Expenses $6,758

  • OTHER PROGRAMS

    Expenses $1,831

As filed on the 2022 return.

Listed in Part VII

  • Chelsie Evans Enos

    EXECUTIVE DIRECTOR

    Total calculated
    $111,326
    From this org
    $105,498
    From related orgs
    $0
    Other
    $5,828
    Hours/week
    40

  • Noelle Kai

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Adrienne Dillard

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Kui Meyer

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Gavin Thornton

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Kaipo Kukahiko

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202432289349304283

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