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Nonprofiteer
← LOKAHI PACIFIC

Form 990 for tax year 2024

Filed by LOKAHI PACIFIC.

Totals

Total revenue
$3,485,475
Total expenses
$3,574,607
Contributions and grants received
$3,246,603
Grants paid
$0
Program service revenue
$214,032
Investment income
$884
Other revenue
$23,956
Total assets, end of year
$4,377,294
Total liabilities, end of year
$1,247,983
Net assets or fund balances, end of year
$3,129,311
Program services expenses (Part IX)
$3,375,342
Management and general expenses
$199,265
Fundraising expenses
$0
Program service expenses (Part III)
$3,375,342

Program services were 94.4% 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.

  • 1e · Government grants (contributions)

    $3,084,638

  • 1f · All other contributions, gifts and grants

    $161,965

  • 2a · Program service revenue: RENTAL INCOME

    total $154,048 · related or exempt $154,048

  • 2b · Program service revenue: FEE FOR SERVICES

    total $59,984 · related or exempt $59,984

  • 3 · Investment income

    total $884 · excluded $884

  • 11a · Other revenue: OTHER REVENUE

    total $23,795 · related or exempt $23,795

  • 11b · Other revenue: LAUNDRY AND VENDING

    total $161 · related or exempt $161

  • 11e · Other revenue, total

    $23,956

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $44,746 · program services $22,373 · management and general $22,373

  • 7 · Other salaries and wages

    total $152,842 · program services $76,421 · management and general $76,421

  • 9 · Other employee benefits

    total $50,087 · program services $25,044 · management and general $25,043

  • 10 · Payroll taxes

    total $21,960 · program services $10,980 · management and general $10,980

  • 11a · Fees: management

    total $3,696 · management and general $3,696

  • 11c · Fees: accounting

    total $47,476 · management and general $47,476

  • 11g · Fees: other

    total $2,261 · management and general $2,261

  • 13 · Office expenses

    total $3,450 · program services $3,450

  • 14 · Information technology

    total $3,248 · program services $3,248

  • 16 · Occupancy

    total $82,814 · program services $82,814

  • 17 · Travel

    total $1,335 · program services $1,335

  • 20 · Interest

    total $12,813 · program services $12,813

  • 22 · Depreciation, depletion and amortization

    total $63,940 · program services $63,940

  • 23 · Insurance

    total $55,077 · program services $44,062 · management and general $11,015

  • 24a · Other expenses: FISCAL SPONSOR EXPENSES

    total $2,790,613 · program services $2,790,613

  • 24b · Other expenses: CONTRACT EXPENSES

    total $227,138 · program services $227,138

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $3,318 · program services $3,318

  • 24d · Other expenses: GENERAL EXCISE TAXES

    total $3,226 · program services $3,226

  • 24e · All other expenses

    total $4,567 · program services $4,567

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $104,608 · end of year $11,252

  • 2 · Savings and temporary cash investments

    beginning of year $5,652 · end of year $4,618

  • 3 · Pledges and grants receivable

    beginning of year $100,411

  • 4 · Accounts receivable

    beginning of year $117,459 · end of year $675,959

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

    $2,686,210

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

    $1,505,383

  • 10c · Land, buildings and equipment, net

    beginning of year $1,244,767 · end of year $1,180,827

  • 15 · Other assets

    beginning of year $2,768,539 · end of year $2,504,638

  • 17 · Accounts payable and accrued expenses

    beginning of year $374,636 · end of year $659,554

  • 19 · Deferred revenue

    beginning of year $40,305 · end of year $5,097

  • 23 · Secured mortgages and notes payable

    beginning of year $706,227 · end of year $581,357

  • 25 · Other liabilities

    beginning of year $1,825 · end of year $1,975

  • 27 · Net assets without donor restrictions

    beginning of year $3,218,443 · end of year $3,129,311

Mission and programs · 2024

Mission

TO EXPAND OPPORTUNITIES FOR LOW-INCOME INDIVIDUALS THROUGH BUSINESS OWNERSHIP, MANAGEMENT, AND EMPLOYMENT; PROVIDE SPECIALIZED HOUSING FOR LOW-INCOME AND DISADVANTAGED INDIVIDUALS; ASSIST ELIGIBLE INDIVIDUALS WITH DOWN PAYMENTS TO PURCHASE A SINGLE-FAMILY HOME.

Activities or mission (Part I)

TO DEVELOP AND EXPAND OPPORTUNITIES AVAILABLE TO LOW-INCOME INDIVIDUALS TO OWN, MANAGE, OPERATE AND GAIN EMPLOYMENT IN BUSINESS ENTERPRISES; TO PROVIDE LOW-INCOME AND PHYSICALLY AND MENTALLY DISADVANTAGED INDIVIDUALS WITH HOUSING FACILITIES SPECIALLY DESIGNED TO MEET THEIR NEEDS; TO ASSIST LOW-INCOME INDIVIDUALS BY PROVIDING DOWN PAYMENTS FOR THE PURCHASE OF A SINGLE FAMILY RESIDENCE.

  • LOKAHI PACIFIC PROVIDED SUPPORT TO OTHER MAUI NONPROFITS WITH SIMILAR PROGRAMS AND MISSION ACTIVITIES.

    Expenses $2,790,613 · Revenue $23,795

  • ASSISTED IN THE AVAILABILITY OF AFFORDABLE HOUSING IN MAUI.

    Expenses $378,887 · Revenue $154,209

  • LOKAHI PACIFIC PROVIDED SUPPORT FOR ALL AFFILIATED ORGANIZATIONS.

    Expenses $205,842 · Revenue $59,984

As filed on the 2024 return.

Listed in Part VII

  • Mark D Reck

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.12 + 0.88 related

  • Viola Mundrick-Wichman

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    0.12 + 0.88 related

  • Scott Hal Smith Pa-C

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.12 + 0.88 related

  • Ryan Fukushima

    TREASURER

    Total calculated
    $0
    Hours/week
    0.12 + 0.88 related

  • Klaus Simmer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.12 + 0.88 related

  • Teresa Frederick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.12 + 0.88 related

  • Regina S Thieman

    EXECUTIVE DIRECTOR

    Total calculated
    $85,916
    From this org
    $85,916
    From related orgs
    $0
    Other
    $0
    Hours/week
    19 + 21 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.

Provenance

Return type
form_990
Tax year
2024
Filed
20 August 2026
IRS schema version
2024v5.5
Source object
202642329349301534

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