2024-10-24T12:23:55-05:00 2023-12-31 261659234 CW ASSOCIATES CPAS 700 BISHOP STREET SUITE 1040 HONOLULU HI 96813 990 2023-01-01 271240023 HHOC MORTGAGE HHOC 8085239500 1259 AALA STREET 201 HONOLULU HI 96817 REINA MIYAMOTO EXECUTIVE DIRECTOR 8085239500 2024-10-24 1 0 RODNEY M HARANO P00389596 8085311040 2024-09-30 2023 2024-10-15 13:58:12Z REINA MIYAMOTO 1259 AALA STREET 201 HONOLULU HI 96817 1102817 0 X N/A X 2009 HI TO ASSIST LOW TO MODERATE INCOME HOME BUYERS IN HAWAII WITH DOWN PAYMENT ASSISTANCE, AND AFFORDABLE FINANCING. HHOC MORTGAGE IS DEDICATED TO OFFERING AFFORDABLE MORTGAGE LOANS TO HAWAII'S HOMEBUYERS THAT ARE COMPETITIVELY PRICED. HHOC MORTGAGE PRIMARILY SERVES LOW AND MODERATE INCOME TARGET MARKETS AND COMMUNITIES. HHOC MORTGAGE ALSO PROVIDES FINANCIAL SUPPORT TO HAWAII HOMEOWNERSHIP CENTER TO ENABLE CONTINUANCE OF ITS MISSION TO PROVIDE PROSPECTIVE HOMEBUYERS WITH FINANCIAL EDUCATION AND COACHING. 8 8 3 8 4311 0 145000 869500 141438 137991 16775 95307 0 0 303213 1102798 0 0 0 0 197577 106118 0 0 0 148442 135457 346019 241575 -42806 861223 4421266 5142270 742937 602688 3678329 4539582 X TO ASSIST LOW TO MODERATE INCOME HOME BUYERS IN HAWAII WITH DOWN PAYMENT ASSISTANCE, AND AFFORDABLE FINANCING. 0 0 203107 133680 HHOC MORTGAGE (HHOCM) STRIVES TO SERVE ITS PRIMARY MISSION OF SERVING THE LOW/MODERATE INCOME, FIRST-TIME HOME BUYERS BY PROVIDING THEM WITH THE MOST AFFORDABLE FINANCING PROGRAM(S) AVAILABLE. ADDITIONALLY, HHOCM'S PURPOSE IS TO GENERATE EXCESS REVENUES TO ASSIST IN SUSTAINING ITS AFFILIATE, HAWAII HOMEOWNERSHIP CENTER.OUR PRIMARY PROGRAM SERVICE IS OFFERING FIRST MORTGAGES.OUR SECONDARY PROGRAM SERVICES IS PROVIDING DOWN PAYMENT ASSISTANCE LOANS (SECOND MORTGAGES) THROUGH OUR PORTFOLIO OR THROUGH ARRANGEMENT WITH PARTNERING CREDIT UNIONS.THE LAST PROGRAM SERVICE WE OFFER IS DEFERRED DOWN PAYMENT AND CLOSING COST LOANS BETWEEN $5,000-10,000 TO INCOME QUALIFIED, FIRST-TIME BUYERS. 203107 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 3 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 8 8 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 HI X KRYSTAL CHING 8089410500 1601 KAPIOLANI BLVD STE 1140 HONOLULU HI 96814 DAWN ROBINSON NAYA PRESIDENT 0.50 0.00 X X 0 0 0 MICHAEL MILLER VICE PRESIDENT 0.25 0.00 X X 0 0 0 DANIEL COSTIGAN TREASURER 0.25 0.00 X X 0 0 0 TRICIA FUJIKAWA LEE SECRETARY 0.25 0.00 X X 0 0 0 ROBERT CHOW BOARD MEMBER 0.25 0.00 X 0 0 0 MARK KIMOTO BOARD MEMBER 0.25 0.50 X 0 0 0 GRANT CHUN BOARD MEMBER 0.25 0.25 X 0 0 0 GREG YOUNG BOARD MEMBER 0.25 0.25 X 0 0 0 REINA MIYAMOTO EXECUTIVE DIRECTOR 10.00 30.00 X 0 80000 8333 0 80000 8333 0 0 0 0 0 150000 499500 220000 869500 LOAN INTEREST AND FEES 522292 70085 70085 PROGRAM FEES 522292 67906 63595 4311 137991 95326 95326 19 -19 -19 -19 1102798 133680 4311 95307 X 87958 87958 9544 9544 8616 8616 2876 2876 18888 18888 25330 25330 31933 31933 14568 14568 3987 3987 15881 15881 1721 1721 19580 19580 MISCELLANEOUS 693 693 241575 203107 38468 0 337306 950345 2045454 1568351 8822 15510 6260 9828 1980968 2553819 14929 15937 8671 7193 1300 1478 26227 27002 4421266 5142270 11762 17561 500000 500000 231175 85127 742937 602688 X 2289390 2832082 1388939 1707500 3678329 4539582 4421266 5142270 861223 30 0 X 0 1 X 1 1 1 X 407187 194708 1205000 145000 869500 2821395 407187 194708 1205000 145000 869500 2821395 677434 2143961 2546 2469 598 16812 95326 117751 2939146 1264925 0.72950 0.79420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8671 7193 1478 1478 INTERCOMPANY PAYABLE 85127 85127 X 634267 30 30 634237 468561 468561 1102798 241575 0 241575 0 241575 PART X, LINE 2: U.S. GAAP REQUIRES UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS IF THEY ARE MORE LIKELY THAN NOT TO FAIL UPON REGULATORY EXAMINATION. MANAGEMENT HAS EVALUATED THE TAX POSITIONS OF HHOC, HHOCM, AND HLT AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022 BY REVIEWING THEIR INCOME TAX RETURNS, AND DETERMINED THAT THEY HAD NO UNCERTAIN TAX POSITIONS REQUIRED TO BE REPORTED IN ACCORDANCE WITH U.S. GAAP. HHOC, HHOCM, AND HLT ARE SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY OPEN TAX PERIODS. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY TRANSFER 150,000. CHANGE IN NET ASSETS WITH DONOR RESTRICTIONS 318,561. FORM 990, PART VI, SECTION A, LINE 2 GRANT CHUN AND MARK KIMOTO HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 HAWAII HOMEOWNERSHIP CENTER IS THE SOLE MEMBER OF HHOC MORTGAGE. FORM 990, PART VI, SECTION A, LINE 7A AS HHOC IS THE SOLE MEMBER, IT DOES HAVE THE RIGHT TO ELECT HHOCM'S BOARD MEMBERS IF IT SO DESIRES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PRESENTED ELECTRONICALLY TO BOARD MEMBERS FOR REVIEW PRIOR TO FILING. THE EXECUTIVE DIRECTOR AND BOARD MEMBERS DISCUSS THE FORM 990 AT A LIVE MEETING OR VIA CONFERENCE CALL. VOTE OF AFFIRMATION IS TAKEN AT THAT MEETING OR CONFERENCE CALL. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ANNUALLY RE-VISITS THE CONFLICT OF INTEREST POLICY AND EACH DIRECTOR, OFFICER, COMMITTEE MEMBER, AND EMPLOYEE SIGNS AN ANNUAL STATEMENT AFFIRMING THAT SUCH PERSONS: 1. HAS RECEIVED A COPY OF THE CODE OF CONDUCT/CONFLICT OF INTEREST POLICY; 2. HAS READ AND UNDERSTANDS THE POLICY AND THAT THE POLICY APPLIES TO HHOCM DIRECTORS, OFFICERS, COMMITTEE MEMBERS, AND EMPLOYEES; 3. HAS AGREED TO COMPLY WITH THE POLICY; AND 4. UNDERSTANDS THAT HHOCM IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN HHOCM'S FEDERAL TAX EXEMPTION, HHOCM MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF HHOCM'S TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR IS PAID BY HAWAII HOMEOWNERSHIP CENTER, A RELATED ORGANIZATION. NO COMPENSATION IS PROVIDED BY HHOC MORTGAGE. THE EXECUTIVE DIRECTORS IS RESPONSIBLE FOR DETERMINING THE COMPENSATION OF OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 25,330. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,330. HAWAII HOMEOWNERSHIP CENTER 1259 AALA ST STE 201 HONOLULU HI 96817 680544935 HOMEOWNERSHIP EDUCATION AND COUNSELING HI 501(C)(3) LINE 7 N/A 0 HHOC HOUSING & LAND TRUST 1259 AALA ST STE 201 HONOLULU HI 96817 811067169 FINANCIAL ASSISTANCE FOR LOW/MODERATE INCOME HOME BUYERS HI 501(C)(3) LINE 7 HAWAII HOMEOWNERSHIP CENTER 0 0 0 1 0 1 0 0 0 0 0 1 0 1 1 1 1 1 0 0 HAWAII HOMEOWNERSHIP CENTER E 97265 OUTSTANDING BALANCE