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Nonprofiteer
← HALE MAHAOLU LAHAINA SURF INC

Form 990 for tax year 2022

Filed by HALE MAHAOLU LAHAINA SURF INC.

Totals

Total revenue
$1,560,204
Total expenses
$1,044,668
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,542,436
Investment income
$979
Other revenue
$16,789
Total assets, end of year
$5,008,669
Total liabilities, end of year
$153,332
Net assets or fund balances, end of year
$4,855,337
Program services expenses (Part IX)
$844,157
Management and general expenses
$200,511
Fundraising expenses
$0
Program service expenses (Part III)
$844,157

Program services were 80.8% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $1,542,436 · related or exempt $1,542,436

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

    total $979 · excluded $979

  • 11a · Other revenue: LAUNDRY & VENDING

    total $14,262 · excluded $14,262

  • 11b · Other revenue: TENANT CHARGES

    total $1,327 · excluded $1,327

  • 11c · Other revenue: MISC REVENUES

    total $1,200 · excluded $1,200

  • 11e · Other revenue, total

    $16,789

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $280,823 · program services $280,823

  • 8 · Pension plan contributions

    total $17,476 · program services $17,476

  • 9 · Other employee benefits

    total $44,510 · program services $44,510

  • 10 · Payroll taxes

    total $22,971 · program services $22,971

  • 11a · Fees: management

    total $200,511 · management and general $200,511

  • 11c · Fees: accounting

    total $35,978 · program services $35,978

  • 13 · Office expenses

    total $25,282 · program services $25,282

  • 16 · Occupancy

    total $163,119 · program services $163,119

  • 17 · Travel

    total $1,692 · program services $1,692

  • 19 · Conferences, conventions and meetings

    total $1,941 · program services $1,941

  • 22 · Depreciation, depletion and amortization

    total $90,948 · program services $90,948

  • 23 · Insurance

    total $38,191 · program services $38,191

  • 24a · Other expenses: MAINTENANCE SUPPLIES

    total $46,906 · program services $46,906

  • 24b · Other expenses: CONTRACT SERVICES

    total $43,587 · program services $43,587

  • 24c · Other expenses: REPAIR CONTRACT

    total $23,966 · program services $23,966

  • 24d · Other expenses: BAD DEBTS

    total $2,295 · program services $2,295

  • 24e · All other expenses

    total $4,472 · program services $4,472

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $535,225 · end of year $759,019

  • 4 · Accounts receivable

    beginning of year $12,694 · end of year $40,902

  • 9 · Prepaid expenses and deferred charges

    beginning of year $86,585 · end of year $116,666

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

    $4,766,145

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

    $3,112,010

  • 10c · Land, buildings and equipment, net

    beginning of year $1,717,859 · end of year $1,654,135

  • 15 · Other assets

    beginning of year $2,196,171 · end of year $2,437,947

  • 17 · Accounts payable and accrued expenses

    beginning of year $63,297 · end of year $69,719

  • 19 · Deferred revenue

    beginning of year $66,804 · end of year $4,897

  • 25 · Other liabilities

    beginning of year $78,632 · end of year $78,716

  • 27 · Net assets without donor restrictions

    beginning of year $4,339,801 · end of year $4,855,337

Mission and programs · 2022

Mission

SEE SCHEDULE O

Activities or mission (Part I)

TO PROVIDE VERY LOW, LOW, AND MODERATE INCOME FAMILIES AND/OR INDIVIDUALS, ON A NONPROFIT BASIS, RENTAL HOUSING AND RELATED FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO CONTRIBUTE TO THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.

  • TO PROVIDE VERY LOW, LOW, AND MODERATE INCOME FAMILIES AND/OR INDIVIDUALS, ONA NONPROFIT BASIS, RENTAL HOUSING AND RELATED FACILITIES AND SERVICESSPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICALNEEDS.

    Expenses $844,157 · Revenue $1,542,436

As filed on the 2022 return.

Listed in Part VII

  • Gerald Hiyakumoto

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.08 + 0.92 related

  • Bernice Lu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.08 + 0.92 related

  • Teri Hamasaki

    2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.08 + 0.92 related

  • Valerie Matsunaga

    TREASURER

    Total calculated
    $0
    Hours/week
    0.08 + 0.92 related

  • Patricia Tomita

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.08 + 0.92 related

  • Tervor Tokishi

    1ST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.08 + 0.92 related

  • Gary Watanabe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.08 + 0.92 related

  • Tom Welch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.08 + 0.92 related

  • Anders Lyons

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.08 + 0.92 related

  • Jerrybeth Demello

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.08 + 0.92 related

  • Aimee Yatsushiro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.08 + 0.92 related

  • Manuel Suguitan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.08 + 0.92 related

  • Don Fujimoto

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.08 + 0.92 related

  • William Kinaka

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.08 + 0.92 related

  • Eric Chang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.08 + 0.92 related

  • Grant Chun

    EXECUTIVE DIRECTOR

    Total calculated
    $319,227
    From this org
    $0
    From related orgs
    $255,227
    Other
    $64,000
    Hours/week
    3.33 + 36.67 related

    Schedule J breakdown matched by us

    Base
    $0 + $255,227 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $64,000 related
    Filer's total
    $0 + $319,227 related

  • Brandon Higashi

    HOUSING DIRECTOR

    Total calculated
    $120,140
    From this org
    $0
    From related orgs
    $120,140
    Other
    $0
    Hours/week
    3.33 + 36.67 related

  • Candis Wilkinson

    CONTROLLER

    Total calculated
    $144,551
    From this org
    $0
    From related orgs
    $144,551
    Other
    $0
    Hours/week
    3.33 + 36.67 related

  • Paige Mamuad

    HR DIRECTOR

    Total calculated
    $133,520
    From this org
    $0
    From related orgs
    $133,520
    Other
    $0
    Hours/week
    3.33 + 36.67 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. 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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349330514

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