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Nonprofiteer
← HAWAII HOMEOWNERSHIP CENTER

Form 990 for tax year 2022

Filed by HAWAII HOMEOWNERSHIP CENTER.

Totals

Total revenue
$754,875
Total expenses
$624,024
Contributions and grants received
$686,803
Grants paid
$20,877
Program service revenue
$18,268
Investment income
$20,814
Other revenue
$28,990
Total assets, end of year
$2,252,302
Total liabilities, end of year
$217,746
Net assets or fund balances, end of year
$2,034,556
Program services expenses (Part IX)
$440,482
Management and general expenses
$129,747
Fundraising expenses
$53,795
Program service expenses (Part III)
$440,482

Program services were 70.6% 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

    $67,186

  • 1c · Fundraising events

    $155,544

  • 1f · All other contributions, gifts and grants

    $464,073

  • 1g · Noncash contributions included above

    $69,352

  • 2a · Program service revenue: FEES

    total $18,268 · related or exempt $18,268

  • 3 · Investment income

    total $51,277 · excluded $51,277

  • 7a · Gross sales of assets other than inventory

    securities $700,954

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

    securities $731,417

  • 7c · Gain or loss

    securities -$30,463

  • 7d · Net gain or loss

    total -$30,463 · excluded -$30,463

  • 8a · Fundraising events: gross income

    $204,122

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

    $155,544

  • 8b · Fundraising events: direct expenses

    $175,132

  • 8c · Net income from fundraising events

    total $28,990 · excluded $28,990

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,000 · program services $20,000

  • 2 · Grants to domestic individuals

    total $877 · program services $877

  • 5 · Compensation of officers, directors and key employees

    total $87,609 · program services $51,689 · management and general $16,646 · fundraising $19,274

  • 7 · Other salaries and wages

    total $206,993 · program services $187,662 · management and general $7,867 · fundraising $11,464

  • 9 · Other employee benefits

    total $44,111 · program services $37,836 · management and general $2,711 · fundraising $3,564

  • 10 · Payroll taxes

    total $26,644 · program services $21,804 · management and general $2,142 · fundraising $2,698

  • 11b · Fees: legal

    total $892 · program services $892

  • 11c · Fees: accounting

    total $65,781 · management and general $65,781

  • 11f · Fees: investment management

    total $9,389 · management and general $9,389

  • 11g · Fees: other

    total $42,415 · program services $37,356 · management and general $1,426 · fundraising $3,633

  • 13 · Office expenses

    total $65,372 · program services $39,727 · management and general $15,711 · fundraising $9,934

  • 16 · Occupancy

    total $28,377 · program services $25,088 · management and general $1,462 · fundraising $1,827

  • 17 · Travel

    total $2,438 · program services $2,438

  • 19 · Conferences, conventions and meetings

    total $3,071 · program services $3,071

  • 22 · Depreciation, depletion and amortization

    total $1,296 · program services $1,296

  • 23 · Insurance

    total $13,128 · program services $10,746 · management and general $981 · fundraising $1,401

  • 24a · Other expenses: BAD DEBT

    total $5,631 · management and general $5,631

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $200 · end of year $14,485

  • 2 · Savings and temporary cash investments

    beginning of year $367,511 · end of year $439,087

  • 3 · Pledges and grants receivable

    beginning of year $30,800 · end of year $52,996

  • 4 · Accounts receivable

    beginning of year $3,334 · end of year $157,461

  • 7 · Other notes and loans receivable

    beginning of year $249,551 · end of year $235,389

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,103 · end of year $11,836

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

    $222,632

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

    $218,412

  • 10c · Land, buildings and equipment, net

    beginning of year $5,515 · end of year $4,220

  • 11 · Investments: publicly traded securities

    beginning of year $1,416,114 · end of year $1,336,682

  • 15 · Other assets

    beginning of year $146 · end of year $146

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,075 · end of year $217,746

  • 27 · Net assets without donor restrictions

    beginning of year $1,630,573 · end of year $1,912,686

  • 28 · Net assets with donor restrictions

    beginning of year $395,626 · end of year $121,870

Mission and programs · 2022

Mission

CREATE SUCCESSFUL HOMEOWNERS BY PROVIDING CLASSES AND HOMEOWNERSHIP COACHING TO PREPARE FOR THE PURCHASE PROCESS AND HAVE ACCESS TO BUYER RESOURCES. POST-PURCHASE SUPPORT IS AVALIABLE TO HAVE A RESOURCE TO ADDRESS CONCERS AS A HOMEOWNER. THOSE SERVED INCLUDE LOW-MODERATE INCOME INDIVIDUALS & FAMILIES.

Activities or mission (Part I)

THE HAWAII HOMEOWNERSHIP CENTER WILL PROVIDE EDUCATION, INFORMATION AND SUPPORT TO CREATE SUCCESSFUL FIRST-TIME HOMEOWNERS IN HAWAII. BY ADDRESSING BARRIERS AND INCREASING RATES OF HOME OWNERSHIP, THE HOMEOWNERSHIP CENTER AIMS TO BUILD STRONGER FAMILIES AND COMMUNITIES THROUGHOUT THE STATE OF HAWAII.

  • TO PROVIDE INFORMATION, EDUCATION, AND SUPPORT TO LOW TO MODERATE INCOME PERSONS AND FAMILIES IN ORDER TO CREATE SUCCESSFUL FIRST-TIME HOME OWNERS IN THE STATE. CLASSES, HOMEOWNERSHIP COACHING, AND POST-PURCHASE SERVICES ARE PROVIDED TO FULFILL THIS MISSION.FORECLOSURE PREVENTION AND RENTAL COUNSELING WAS AVAILABLE FOR DISTRESSED OWNERS AND RENTERS TO DISCUSS THEIR HOUSING CONCERNS. COUNSELING SESSIONS FOCUSED ON HOME RETENTION UNLESS OTHERWISE SPECIFIED BY THE CLIENT. HHOC CONTINUED ITS MODIFIED VERSION OF THE PROGRAM PROPOSED TO ALOHA UNITED WAY TO SUPPORT DEVELOPING FINANCIAL LITERACY SKILLS IN THE ALICE (ASSET LIMITED, INCOME CONSTRAINED, EMPLOYED) POPULATION. THE FINANCIAL CAPABILITIES PILOT PROGRAM TESTED WHAT WE THOUGHT COULD BE A SCALABLE PROGRAM MODEL OF INSTILLING POSITIVE FINANCIAL HABITS IN THE POPULATION THAT WAS 80% OR BELOW THE AREA MEDIAN INCOME. WE PROVIDED AN ONLINE MONEY MANAGEMENT WORKSHOP AND A FINANCIAL INCENTIVE (UP TO $350 SAVINGS MATCH) TO REWARD THOSE WHO SAVED AND SUBMITTED A BUDGET FOR 6 CONSECUTIVE MONTHS. THE PROGRAM WAS EXPANDED TO HSTA MEMBERS THROUGH SUPPORT FROM NAREIT HAWAII RECEIVED IN 2020.

    Expenses $440,482 · Grants $20,877 · Revenue $18,268

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

Listed in Part VII

  • Jun Yang

    CHAIR

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • Russell Rasmussen

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.75

  • Karl Yoneshige

    TREASURER

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • Debra Luning

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 0.25 related

  • Carol Marx

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Brandon Lau

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Daniel Fong

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Gary K Kai

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Grant Chun

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Greg Young

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Jackye Chai

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Keith Kato

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.25 related

  • Kyle Weighner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Mark Kimoto

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.25 related

  • May Nishijima

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Patrick Bullard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sharilyn Tanaka

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Tess Shimabukuro

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Lance Takaki

    FORMER BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Reina Miyamoto

    EXECUTIVE DIRECTOR

    Total calculated
    $87,608
    From this org
    $80,000
    From related orgs
    $0
    Other
    $7,608
    Hours/week
    28.75 + 11.25 related

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

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.

  • HHOC MORTGAGE

    501(C)(3) · FINANCIAL ASSISTANCE FOR LOW/MODERATE INCOME HOME BUYERS · HI

    Directly controlled by HAWAII HOMEOWNERSHIP CENTER

  • HHOC HOUSING AND LAND TRUST

    501(C)(3) · FINANCIAL ASSISTANCE FOR LOW/MODERATE INCOME HOME BUYERS · HI

    Directly controlled by HAWAII HOMEOWNERSHIP CENTER

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202313109349302351

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