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← NEIGHBORHOOD HOUSING COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by NEIGHBORHOOD HOUSING COMMUNITY DEVELOPMENT CORPORATION.

What the amendment changed

Compared with the return it replaced , filed 8 November 2023. 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
$10,081,745
Total expenses
$799,734
Contributions and grants received
$9,856,877
Grants paid
$0
Program service revenue
$224,831
Investment income
$37
Other revenue
$0
Total assets, end of year
$11,363,462
Total liabilities, end of year
$2,125,637
Net assets or fund balances, end of year
$9,237,825
Program services expenses (Part IX)
$486,510
Management and general expenses
$272,123
Fundraising expenses
$41,101
Program service expenses (Part III)
$486,510

Program services were 60.8% 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.

  • 1f · All other contributions, gifts and grants

    $9,856,877

  • 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 $94,070 · management and general $52,959 · fundraising $12,571

  • 7 · Other salaries and wages

    total $278,724 · program services $165,846 · management and general $90,645 · fundraising $22,233

  • 9 · Other employee benefits

    total $25,923 · program services $12,086 · management and general $12,362 · fundraising $1,475

  • 10 · Payroll taxes

    total $40,741 · program services $18,994 · management and general $19,428 · fundraising $2,319

  • 11b · Fees: legal

    total $21,363 · program services $8,328 · management and general $13,035

  • 11c · Fees: accounting

    total $4,065 · program services $1,585 · management and general $2,480

  • 11g · Fees: other

    total $48,053 · program services $18,734 · management and general $29,319

  • 12 · Advertising and promotion

    total $4,004 · program services $606 · management and general $3,331 · fundraising $67

  • 13 · Office expenses

    total $26,333 · program services $3,989 · management and general $21,906 · fundraising $438

  • 16 · Occupancy

    total $73,915 · program services $55,344 · management and general $18,571

  • 19 · Conferences, conventions and meetings

    total $2,273 · program services $540 · management and general $1,363 · fundraising $370

  • 20 · Interest

    total $667 · program services $667

  • 22 · Depreciation, depletion and amortization

    total $56,786 · program services $56,786

  • 23 · Insurance

    total $34,024 · program services $32,313 · management and general $1,711

  • 24a · Other expenses: EXCISE AND PROPERTY TAX

    total $13,421 · program services $13,151 · fundraising $270

  • 24b · Other expenses: OTHER EXPENSES

    total $4,065 · program services $967 · management and general $2,438 · fundraising $660

  • 24c · Other expenses: DEDICATIONS

    total $1,639 · program services $390 · management and general $983 · fundraising $266

  • 24d · Other expenses: PUBLIC AWARENESS

    total $1,627 · program services $387 · management and general $976 · fundraising $264

  • 24e · All other expenses

    total $2,511 · program services $1,727 · management and general $616 · fundraising $168

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 $1,163

  • 9 · Prepaid expenses and deferred charges

    end of year $75,970

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

    $2,776,732

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

    $56,786

  • 10c · Land, buildings and equipment, net

    end of year $2,719,946

  • 11 · Investments: publicly traded securities

    end of year $1,694,975

  • 15 · Other assets

    beginning of year $1,104,256 · end of year $1,601,457

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,100,744 · end of year $65,480

  • 19 · Deferred revenue

    end of year $32,540

  • 23 · Secured mortgages and notes payable

    beginning of year $350,000 · end of year $1,930,000

  • 25 · Other liabilities

    end of year $97,617

  • 27 · Net assets without donor restrictions

    beginning of year -$9,161 · end of year $9,090,365

  • 28 · Net assets with donor restrictions

    end of year $147,460

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 $486,510 · 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 Graff

    COO/VICE PRE

    Total calculated
    $89,600
    From this org
    $82,646
    From related orgs
    $0
    Other
    $6,954
    Hours/week
    40

  • James Edmonds

    EXECUTIVE DI

    Total calculated
    $70,000
    From this org
    $70,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Leilani Spencer

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Harvest Edmonds

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Glenn Head

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Puna Dawson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Janice 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
18 June 2025
IRS schema version
2022v5.0
Source object
202512179349300701

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