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Nonprofiteer
← HAWAIIAN COMMUNITY ASSETS INC

Form 990 for tax year 2023

Filed by HAWAIIAN COMMUNITY ASSETS INC.

Totals

Total revenue
$5,062,182
Total expenses
$4,620,099
Contributions and grants received
$4,918,146
Grants paid
$978,396
Program service revenue
$58,466
Investment income
$0
Other revenue
$85,570
Total assets, end of year
$7,837,165
Total liabilities, end of year
$4,212,855
Net assets or fund balances, end of year
$3,624,310
Program services expenses (Part IX)
$3,436,962
Management and general expenses
$1,179,197
Fundraising expenses
$3,940
Program service expenses (Part III)
$3,436,962

Program services were 74.4% 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

    $2,655

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $1,011,457

  • 1f · All other contributions, gifts and grants

    $3,904,034

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: SERVICE CONTRACTS

    total $48,716 · related or exempt $48,716 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: EDUCATION

    total $9,750 · related or exempt $9,750 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

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

  • 6a · Gross rents

    real property $49,330 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $49,330 · personal property $0

  • 6d · Net rental income or loss

    total $49,330 · related or exempt $49,330 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $0

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

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

  • 8a · Fundraising events: gross income

    $0

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

    $2,655

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

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

  • 10a · Gross sales of inventory

    $12,950

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $12,950 · related or exempt $12,950 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $23,290 · related or exempt $23,290 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $23,290

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $978,396 · program services $978,396

  • 5 · Compensation of officers, directors and key employees

    total $170,441 · program services $127,831 · management and general $40,906 · fundraising $1,704

  • 7 · Other salaries and wages

    total $1,819,679 · program services $1,323,057 · management and general $495,478 · fundraising $1,144

  • 8 · Pension plan contributions

    total $10,145 · program services $9,364 · management and general $655 · fundraising $126

  • 9 · Other employee benefits

    total $159,178 · program services $111,013 · management and general $47,743 · fundraising $422

  • 10 · Payroll taxes

    total $311,613 · program services $270,575 · management and general $40,602 · fundraising $436

  • 11b · Fees: legal

    total $66 · program services $50 · management and general $16 · fundraising $0

  • 11c · Fees: accounting

    total $125,151 · program services $0 · management and general $125,151 · fundraising $0

  • 11g · Fees: other

    total $138,232 · program services $65,113 · management and general $73,119 · fundraising $0

  • 12 · Advertising and promotion

    total $34,549 · program services $4,964 · management and general $29,585 · fundraising $0

  • 13 · Office expenses

    total $161,244 · program services $129,357 · management and general $31,779 · fundraising $108

  • 14 · Information technology

    total $2,150 · program services $2,088 · management and general $62 · fundraising $0

  • 16 · Occupancy

    total $150,078 · program services $144,472 · management and general $5,606 · fundraising $0

  • 17 · Travel

    total $107,682 · program services $103,145 · management and general $4,537 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $10,915 · program services $10,915 · management and general $0 · fundraising $0

  • 20 · Interest

    total $106,587 · program services $14,923 · management and general $91,664 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $95,239 · program services $0 · management and general $95,239 · fundraising $0

  • 23 · Insurance

    total $44,632 · program services $7,065 · management and general $37,567 · fundraising $0

  • 24a · Other expenses: PROGRAM EXPENSES

    total $98,449 · program services $87,936 · management and general $10,513 · fundraising $0

  • 24b · Other expenses: SUBSCRIPTIONS AND MEMBERSHIP DUES

    total $59,692 · program services $10,717 · management and general $48,975 · fundraising $0

  • 24c · Other expenses: HOUSING ACQUISITION EXPENSES

    total $20,721 · program services $20,721 · management and general $0 · fundraising $0

  • 24d · Other expenses: STAFF AND VOLUNTEER TRAINING

    total $15,260 · program services $15,260 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $970,028 · end of year $527,037

  • 4 · Accounts receivable

    beginning of year $535,868 · end of year $1,617,865

  • 7 · Other notes and loans receivable

    beginning of year $34,938

  • 8 · Inventories for sale or use

    beginning of year $47,112 · end of year $23,285

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,354 · end of year $30,094

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

    $5,852,471

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

    $213,587

  • 10c · Land, buildings and equipment, net

    beginning of year $3,295,473 · end of year $5,638,884

  • 15 · Other assets

    beginning of year $3,190

  • 17 · Accounts payable and accrued expenses

    beginning of year $101,315 · end of year $144,235

  • 19 · Deferred revenue

    beginning of year $3,000 · end of year $154,000

  • 23 · Secured mortgages and notes payable

    beginning of year $1,589,898 · end of year $2,247,530

  • 24 · Unsecured notes and loans payable

    beginning of year $37,523 · end of year $27,351

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,639,739

  • 27 · Net assets without donor restrictions

    beginning of year -$41,323 · end of year $852,920

  • 28 · Net assets with donor restrictions

    beginning of year $3,223,550 · end of year $2,771,390

Mission and programs · 2023

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 SERVES INDIVIDUALS WITH HOUSING COUNSELING AND FINANCIAL LITERACY SERVICES TO PROMOTE HOUSING STABILITY, AFFORDABILITY, AND SUSTAINABLE HOMEOWNERSHIP.

    Expenses $2,655,217 · Grants $475,686 · Revenue $48,716

  • FINANCIAL ASSISTANCE - HAWAIIAN COMMUNITY ASSETS SERVED INDIVIDUALS WITH MATCH SAVINGS AND HOUSING ASSISTANCE.

    Expenses $595,282 · Grants $502,710

  • EDUCATION - HAWAIIAN COMMUNITY ASSETS SERVED INDIVIDUALS WHO ATTENDED HOMEBUYER WORKSHOPS AND RENTAL/FINANCIAL EDUCATION WORKSHOPS.

    Expenses $186,463 · Revenue $9,750

As filed on the 2023 return.

Listed in Part VII

  • Chelsie Evans Enos

    EXECUTIVE DIRECTOR

    Total calculated
    $170,441
    From this org
    $164,231
    From related orgs
    $0
    Other
    $6,210
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,231
    Bonus
    $0
    Other
    $6,210
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $170,441

  • Adrienne Dillard

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Kaipo Kukahiko

    BOARD VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Gavin Thornton

    BOARD SECRETARY AND TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Kui Meyer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jasmine Branco

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

  • HAWAII COMMUNITY LENDING INC

    501 C 3 · COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION · HI · controlled entity

    Directly controlled by HAWAIIAN COMMUNITY ASSETS INC

Provenance

Return type
form_990
Tax year
2023
Filed
15 August 2025
IRS schema version
2023v6.0
Source object
202542279349303774

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