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← PONO HOUSING CORPORATION

Form 990 for tax year 2024

Filed by PONO HOUSING CORPORATION.

Totals

Total revenue
$7,833,071
Total expenses
$1,944
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,833,071
Investment income
$0
Other revenue
$0
Total assets, end of year
$8,967,179
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$8,967,179
Program services expenses (Part IX)
$1,944
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,944

Program services were 100.0% 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.

  • 2a · Program service revenue: INCOME FROM PARTNERSHI

    total $7,833,071 · related or exempt $7,833,071

Functional expenses

Part IX, the statement of functional expenses.

  • 23 · Insurance

    total $1,944 · program services $1,944

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $32,169 · end of year $30,225

  • 13 · Investments: program-related

    beginning of year $1,103,883 · end of year $8,936,954

  • 27 · Net assets without donor restrictions

    beginning of year $1,136,052 · end of year $8,967,179

Mission and programs · 2024

Mission

TO ACQUIRE, DEVELOP AND OPERATE LOW-INCOME RENTAL HOUSING PROJECTS IN THE STATE OF HAWAII TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME FAMILIES.

  • OPERATION AND MANAGEMENT OF LOW-INCOME HOUSING FACILITY, PALOLO HOMES (PH), IN HONOLULU, HAWAII PROVIDING AFFORDABLE HOUSING TO APPROXIMATELY 1,200 PEOPLE IN 306 UNITS THROUGH A HAWAII LIMITED PARTNERSHIP.

    Expenses $1,944 · Revenue $7,833,071

As filed on the 2024 return.

Listed in Part VII

  • Dee Darby

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Ryan Arfman

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Gross Aarin

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Debora Halbert

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • KOOLOAULA LIMITED PARTNERSHIP

    N/A · AFFORDABLE HOUSING DEVELOPMENT · HI

  • KOOLOAULA II LIMITED PARTNERSHIP

    N/A · AFFORDABLE HOUSING DEVELOPMENT · HI

  • KULIA HOMES LIMITED PARTNERSHIP

    N/A · AFFORDABLE HOUSING DEVELOPMENT · HI

  • PALOLO VALLEY HOMES LIMITED PARTNERSHIP

    RELATED · AFFORDABLE RENTAL HOUSING · HI · 99% owned · share of income $7,833,071 · share of assets $9,626,345

    Directly controlled by MUTUAL HOUSING ASSOCIATION OF HAWAII

Provenance

Return type
form_990
Tax year
2024
Filed
28 October 2025
IRS schema version
2024v5.2
Source object
202523179349308097

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