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← MUTUAL HOUSING ASSOCIATION OF HAWAII INC

Form 990 for tax year 2023

Filed by MUTUAL HOUSING ASSOCIATION OF HAWAII INC.

Totals

Total revenue
$1,563,681
Total expenses
$1,132,635
Contributions and grants received
$360,750
Grants paid
$0
Program service revenue
$986,650
Investment income
$216,069
Other revenue
$212
Total assets, end of year
$15,864,969
Total liabilities, end of year
$64,383
Net assets or fund balances, end of year
$15,800,586
Program services expenses (Part IX)
$173,742
Management and general expenses
$934,098
Fundraising expenses
$24,795
Program service expenses (Part III)
$173,742

Program services were 15.3% 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

    $360,750

  • 2a · Program service revenue: ASSET MANAGEMENT FEES

    total $697,042 · related or exempt $697,042

  • 2b · Program service revenue: RENTAL INCOME

    total $290,000 · related or exempt $290,000

  • 2c · Program service revenue: INVESTMENT INCOME FROM

    total -$392 · related or exempt -$392

  • 3 · Investment income

    total $216,069 · excluded $216,069

  • 11a · Other revenue: OTHER INCOME

    total $212 · excluded $212

  • 11e · Other revenue, total

    $212

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $210,936 · program services $73,828 · management and general $126,561 · fundraising $10,547

  • 7 · Other salaries and wages

    total $207,866 · program services $72,753 · management and general $124,720 · fundraising $10,393

  • 9 · Other employee benefits

    total $44,083 · program services $15,429 · management and general $26,450 · fundraising $2,204

  • 10 · Payroll taxes

    total $33,033 · program services $11,562 · management and general $19,820 · fundraising $1,651

  • 11b · Fees: legal

    total $20,875 · management and general $20,875

  • 11g · Fees: other

    total $241,614 · management and general $241,614

  • 13 · Office expenses

    total $15,296 · management and general $15,296

  • 14 · Information technology

    total $32,590 · management and general $32,590

  • 16 · Occupancy

    total $38,974 · management and general $38,974

  • 17 · Travel

    total $1,187 · management and general $1,187

  • 19 · Conferences, conventions and meetings

    total $3,054 · management and general $3,054

  • 22 · Depreciation, depletion and amortization

    total $203,123 · management and general $203,123

  • 23 · Insurance

    total $31,885 · management and general $31,885

  • 24a · Other expenses: MISC PROGRAM EXPENSE

    total $46,476 · management and general $46,476

  • 24b · Other expenses: UTILITIES

    total $1,473 · management and general $1,473

  • 24c · Other expenses: NEIGHBORWORKS WEEK

    total $170 · program services $170

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,212,000 · end of year $639,025

  • 4 · Accounts receivable

    beginning of year $1,654 · end of year $1,654

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,766 · end of year $2,766

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

    $5,665,034

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

    $5,007,240

  • 10c · Land, buildings and equipment, net

    beginning of year $860,918 · end of year $657,794

  • 13 · Investments: program-related

    beginning of year $4,175,889 · end of year $9,925,156

  • 15 · Other assets

    beginning of year $5,161,149 · end of year $4,638,574

  • 17 · Accounts payable and accrued expenses

    beginning of year $230,066 · end of year $15,051

  • 25 · Other liabilities

    beginning of year $49,332 · end of year $49,332

  • 27 · Net assets without donor restrictions

    beginning of year $13,104,978 · end of year $13,770,586

  • 28 · Net assets with donor restrictions

    beginning of year $2,030,000 · end of year $2,030,000

Mission and programs · 2023

Mission

THE MISSION OF THE ORGANIZATION (MHAH) IS TO DEVELOP, OWN AND MANAGE MULTI-FAMILY RENTAL COMMUNITIES SERVING FAMILIES EARNING 20 TO 80 PERCENT OF MEDIAN INCOME. MHAH WILL ASSIST ITS TARGET FAMILIES TO BECOME MORE SELF SUFFICIENT THROUGH THE PROVISION OF AFFORDABLE RENTAL HOUSING, SUPPORT FOR ECONOMIC DEVELOPMENT ACTIVITIES AND SUPPORTIVE SERVICES AIMED AT ASSISTING RESIDENTS TO BUILD ASSETS, EARN INCOME, AND IMPROVE THE QUALITY OF FAMILY LIFE AND THE ECONOMIC VITALITY OF THE SURROUNDING COMMUNITY.

Activities or mission (Part I)

TO DEVELOP, OWN AND MANAGE MULTI-FAMILY RENTAL COMMUNITIES SERVING FAMILIES EARNING 20 TO 80 PERCENT OF MEDIAN INCOME.

  • TO DEVELOP, OWN AND MANAGE SAFE, QUALITY, PERMANENTLY AFFORDABLE HOUSING FOR A GROWING SEGMENT OF THE POPULATION WHO CANNOT AFFORD A HOME. APPROXIMATELY 3,000 INDIVIDUALS BENEFITED.

    Expenses $173,742 · Revenue $986,650

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dee Darby

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1 + 3 related

  • Aarin Gross

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1 + 3 related

  • Debora Halbert

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1 + 3 related

  • Ryan Arfman

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 3 related

  • Dorothy Letts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Kelly Walsh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Jane Sawyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Lynn McCrory

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 3 related

  • David Nakamura

    EXECUTIVE DIRECTOR

    Total calculated
    $211,356
    From this org
    $210,936
    From related orgs
    $0
    Other
    $420
    Hours/week
    55 + 3 related

    Schedule J breakdown matched by us

    Base
    $202,823
    Bonus
    $8,113
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $420
    Filer's total
    $211,356

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

None.

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.

  • LIHUE COURT TOWNHOMES CORPORATION

    501(C)(3) · AFFORDABLE RENTAL HOUSING · HI · controlled entity

    Directly controlled by MUTUAL HOUSING ASSOCIATION OF HAWAII INC

  • KEKAULIKE COURTYARDS CORPORATION

    501(C)(3) · AFFORDABLE RENTAL HOUSING · HI · controlled entity

    Directly controlled by MUTUAL HOUSING ASSOCIATION OF HAWAII INC

  • PONO HOUSING CORPORATION

    501(C)(3) · AFFORDABLE RENTAL HOUSING · HI · controlled entity

    Directly controlled by MUTUAL HOUSING ASSOCIATION OF HAWAII INC

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.

  • PALOLO VALLEY HOMES LIMITED PARTNERSHIP

    RELATED · AFFORDABLE RENTAL HOUSING · HI · 1% owned · share of income -$596,238 · share of assets $125,014 · general or managing partner

    Directly controlled by MUTUAL HOUSING ASSOCIATION OF HAWAII

  • KOOLOAULA LIMITED PARTNERSHIP

    RELATED · AFFORDABLE HOUSING DEVELOPMENT · HI · 0.01% owned · share of income -$95 · share of assets $2,707 · general or managing partner

    Directly controlled by MUTUAL HOUSING ASSOCIATION OF HAWAII

  • KOOLOAULA II LIMITED PARTNERSHIP

    RELATED · AFFORDABLE HOUSING DEVELOPMENT · HI · 0.01% owned · share of income -$129 · share of assets $4,575 · general or managing partner

    Directly controlled by MUTUAL HOUSING ASSOCIATION OF HAWAII

  • KULIA HOMES LIMITED PARTNERSHIP

    RELATED · AFFORDABLE RENTAL HOUSING · HI · 0.01% owned · share of income -$85 · share of assets $4,148 · general or managing partner

    Directly controlled by MUTUAL HOUSING ASSOCIATION OF HAWAII

Provenance

Return type
form_990
Tax year
2023
Filed
25 September 2024
IRS schema version
2023v5.1
Source object
202422719349301652

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