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← NEIGHBORHOOD HOUSING COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by NEIGHBORHOOD HOUSING COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$4,070,236
Total expenses
$1,901,412
Contributions and grants received
$2,455,973
Grants paid
$0
Program service revenue
$1,532,654
Investment income
$78,228
Other revenue
$3,381
Total assets, end of year
$12,524,710
Total liabilities, end of year
$648,616
Net assets or fund balances, end of year
$11,876,094
Program services expenses (Part IX)
$1,654,998
Management and general expenses
$201,861
Fundraising expenses
$44,553
Program service expenses (Part III)
$1,652,798

Program services were 87.0% 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.

  • 1e · Government grants (contributions)

    $100,000

  • 1f · All other contributions, gifts and grants

    $2,355,973

  • 2a · Program service revenue: PROCEEDS FROM HOME SALES

    total $858,000 · related or exempt $858,000

  • 2b · Program service revenue: RENTAL INCOME

    total $524,729 · related or exempt $524,729

  • 2c · Program service revenue: PROGRAM INCOME

    total $149,925 · related or exempt $149,925

  • 3 · Investment income

    total $78,228 · excluded $78,228

  • 11a · Other revenue: OTHER INCOME

    total $3,381 · related or exempt $3,381

  • 11e · Other revenue, total

    $3,381

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $100,265 · program services $85,225 · management and general $10,027 · fundraising $5,013

  • 7 · Other salaries and wages

    total $539,970 · program services $458,974 · management and general $53,997 · fundraising $26,999

  • 9 · Other employee benefits

    total $45,164 · program services $38,390 · management and general $4,516 · fundraising $2,258

  • 10 · Payroll taxes

    total $42,244 · program services $35,908 · management and general $4,224 · fundraising $2,112

  • 11b · Fees: legal

    total $43,313 · program services $36,816 · management and general $4,331 · fundraising $2,166

  • 11c · Fees: accounting

    total $26,330 · program services $22,380 · management and general $2,633 · fundraising $1,317

  • 11g · Fees: other

    total $61,436 · program services $52,220 · management and general $6,144 · fundraising $3,072

  • 12 · Advertising and promotion

    total $7,594 · program services $7,594

  • 13 · Office expenses

    total $443 · program services $443

  • 14 · Information technology

    total $37,856 · program services $37,856

  • 16 · Occupancy

    total $79,800 · program services $63,062 · management and general $16,738

  • 17 · Travel

    total $5,776 · program services $5,776

  • 22 · Depreciation, depletion and amortization

    total $87,073 · management and general $87,073

  • 23 · Insurance

    total $57,232 · program services $57,232

  • 24a · Other expenses: COST OF HOME SALES

    total $622,530 · program services $622,530

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $42,005 · program services $42,005

  • 24c · Other expenses: EXCISE TAXES

    total $33,324 · program services $28,325 · management and general $4,999

  • 24d · Other expenses: SUPPLIES

    total $15,148 · program services $15,148

  • 24e · All other expenses

    total $53,909 · program services $45,114 · management and general $7,179 · fundraising $1,616

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,790,778 · end of year $268,728

  • 2 · Savings and temporary cash investments

    beginning of year $664,961 · end of year $958,617

  • 4 · Accounts receivable

    beginning of year $16,332 · end of year $1,517,590

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,607 · end of year $18,651

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

    $5,196,103

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

    $215,271

  • 10c · Land, buildings and equipment, net

    beginning of year $6,180,108 · end of year $4,980,832

  • 15 · Other assets

    beginning of year $2,180,877 · end of year $4,780,292

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,247 · end of year $12,347

  • 19 · Deferred revenue

    beginning of year $32,655 · end of year $40,114

  • 23 · Secured mortgages and notes payable

    beginning of year $1,930,000 · end of year $532,750

  • 25 · Other liabilities

    beginning of year $128,863 · end of year $63,405

  • 27 · Net assets without donor restrictions

    beginning of year $8,624,898 · end of year $11,728,634

  • 28 · Net assets with donor restrictions

    beginning of year $145,000 · end of year $147,460

Mission and programs · 2024

Mission

TO PROVIDE HOMES AND SUSTAINABLE LIVING SOLUTIONS, WITHIN REACH, AND RESTORING HOPE TO THE PEOPLE OF HAWAII.

  • BEYOND HOUSING PROGRAM (BHP) IN 2024, PAL HAWAI'I'S BEYOND HOUSING PROGRAM (BHP) CONTINUED ITS MISSION OF STABILIZING TENANTS THROUGH SERVICE-ENRICHED AFFORDABLE HOUSING. THE PROGRAM SERVED 29 HOUSEHOLDS, CONSISTING OF 41 ADULTS AND 21 CHILDREN, ACROSS THE KAUHALE O KEKAHA AND KAUHALE O KAPA'A RENTAL COMMUNITIES. OUR CASE MANAGEMENT TEAM CONDUCTED 639 INDIVIDUALIZED CASE MANAGEMENT MEETINGS, ENSURING THAT EVERY HOUSEHOLD RECEIVED TAILORED SUPPORT ALIGNED WITH THEIR PERSONAL GOALS AND NEEDS. (CONTINUED ON SCHEDULE O)

    Expenses $1,652,798 · Revenue $1,536,035

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lawrence Graff

    EXEC. DIRECT

    Total calculated
    $94,480
    From this org
    $87,165
    From related orgs
    $0
    Other
    $7,315
    Hours/week
    40

  • James Edmonds

    PAST EXEC DI

    Total calculated
    $5,785
    From this org
    $5,785
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Leilani Spencer

    PRESIDENT

    Total calculated
    $0
    Hours/week
    8

  • Eliza Kobayashi

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Harvest Edmonds

    PAST TREASUR

    Total calculated
    $0
    Hours/week
    2

  • Glenn Head

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • 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
2024
Filed
15 November 2025
IRS schema version
2024v5.0
Source object
202523219349312502

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