2024-11-08T09:59:00-05:00 2023-12-31 990272757 AKAMINE OYADOMARI & KOSAKI CPAS INC 1601 KAPIOLANI BLVD STE 1140 HONOLULU HI 96814 990 2023-01-01 990282148 HAWAII COMMUNITY REINVESTMENT CORPORATION HAWA 8085323110 PO BOX 3409 HONOLULU HI 96801 HEATHER PIPER EXECUTIVE DIRECTOR 8085323110 2024-11-07 true true KRYSTAL CHING P01258469 8089410500 2024-11-07 2023 2024-10-15 13:58:12Z HEATHER PIPER PO BOX 3409 HONOLULU HI 96801 977873 false X WWW.HCRCHAWAII.COM X 1990 HI THE MISSION OF THE CORPORATION IS TO PROVIDE INNOVATIVE FINANCING, TRAINING, AND CONSULTING SERVICES TO PUBLIC AND PRIVATE ORGANIZATIONS WHO ENGAGE IN BUILDING LIVABLE COMMUNITIES IN HAWAII. 7 7 1 0 357334 882671 43804 73546 2442 21656 0 403580 977873 0 0 209471 227310 0 0 116206 221513 325677 448823 77903 529050 3723033 5222126 557440 1527483 3165593 3694643 X THE MISSION OF HAWAII COMMUNITY REINVESTMENT CORPORATION IS TO FACILITATE AFFORDABLE HOUSING, COMMUNITY DEVELOPMENT, AND ECONOMIC DEVELOPMENT THROUGHOUT THE STATE OF HAWAII BY PROVIDING INNOVATIVE FINANCING, TRAINING AND CONSULTING TO ORGANIZATIONS WHO SERVE UNDERSERVED AND DISADVANTAGED COMMUNITIES. false false 338214 73546 HCRC AND SUBSIDIARIES HAVE PROVIDED FINANCING FOR: THE DEVELOPMENT OF 3,508 AFFORDABLE HOUSING RENTAL UNITS WITH TOTAL FUNDING OF 205.5 MILLION THROUGH ITS AFFORDABLE HOUSING BANK CONSORTIUM LOAN PARTICIPATON PROGRAM. 7 BUSINESS LOANS TOTALING 3.6 MILLION THROUGH THE SBA 504 PROGRAM 203 ENERGY EFFICIENT LOANS TOTALING 4.8 MILLION THROUGH THE DBEDT GREENSUN LOAN LOSS RESERVE PROGRAM. 29 DIRECT LOANS TOTALING 3.4 MILLION TO NONPROFITS AND SMALL BUSINESSES TO SUPPORT COMMUNITY PROGRAMS AND ECONOMIC DEVELOPMENT THROUGH ITS COMMUNITY LOAN FUND. 3 DIRECT LOANS TOTALING 1.3 MILLION FOR PREDEVELOPMENT OF 649 NEW AFFORDABLE RENTAL UNITS AND 3 DIRECT LOANS TOTALING 342K FOR THE PRESERVATION OF 7 AFFORDABLE SINGLE FAMILY HOMES THROUGH ITS COMMUNITY REAL ESTATE LOAN FUND. HCRC GRANTED 789,474 TO THE UNIVERSITY OF HAWAII FOUNDATION TO FUND AN ENDOWMENT TO ESTABLISH THE HAWAII COMMUNITY REINVESTMENT CORPORATION DISTINGUISHED PROFESSORSHIP IN AFFORDABLE HOUSING, ADMINISTERED A PASSTHROUGH GRANT IN THE AMOUNT OF 1,983,950 FOR HUD AND C&C HONOLULU TO A NONPROFIT PRESERVATION OF AFFORDABLE HOUSING IN TOD DISTRICT, AND ADMINISTERED 153 PASSTHROUGH GRANTS TOTALING 1,833,759 FOR THE C&C HONOLULU MAYORS OFFICE OF CULTURE AND ARTS CARES ACT RECOVERY & RELIEF FUND PROGRAM. HCRC PROVIDES FREE FINANCIAL TECHNICAL ASSISTANCE AND TRAINING TO COMMUNITY BASED ORGANIZATIONS THROUGH INDIVIDUAL CONSULTATION, WEBINARS, AND CONVENINGS. 338214 true true false false false false false false false false true false false true true true false true false false false false false false false false false false false true false false false false false false false true false false false false false true true false false false true 7 0 true 1 true false false false false false false false false false false false false X 7 7 false false false false false false false true true false false true true true true true true true true false X X HAWAII COMMUNITY REINVESTMENT CORP 8085323110 PO BOX 3409 HONOLULU HI 96801 BRYAN LUKE CHAIRMAN & S 1.00 X X 0 0 0 SCOTT HAYASHI TREASURER/DI 1.00 X X 0 0 0 AMY ASSELBAYE DIRECTOR 0.50 X 0 0 0 ROY KATSUDA DIRECTOR 0.50 X 0 0 0 TONY MIZUNO DIRECTOR 0.50 X 0 0 0 ROBERT VAN TASSEL DIRECTOR 0.50 X 0 0 0 DARREN UEKI DIRECTOR 0.50 X 0 0 0 HEATHER PIPER EXECUTIVE DI 45.00 X 167946 0 28957 167946 28957 1 false true false 220000 662671 882671 INTEREST ON LOANS 522200 41522 41522 LOAN APP AND SERVICE FEES 522200 18100 18100 CONSULTING 541610 8537 8537 DBEDT GRANT AWARD 541900 5387 5387 73546 21656 21656 977873 73546 21656 196903 155553 41350 18040 14252 3788 12367 9770 2597 15052 4711 10341 45924 14373 31551 12214 4363 7851 498 498 2978 2978 7163 5578 1585 192 192 11452 11452 7411 7411 PROVISION FOR LOAN LOSSES 117114 117114 MISCELLANEOUS 1515 550 965 448823 338214 110609 0 1244810 1197428 936171 1407556 35000 161979 797469 1958286 4265 5085 14018 14018 705318 491792 3723033 5222126 15873 18620 541567 1508863 557440 1527483 X 3165593 3694643 3165593 3694643 3723033 5222126 529050 X false true X true false X 205000 2530759 336935 357334 882671 4312699 205000 2530759 336935 357334 882671 4312699 1120559 3192140 12143 9280 3496 2442 21656 49017 4361716 312741 0.73190 0.80560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2986 2986 11032 11032 CERTIFICATES OF DEPOSIT 464037 RESTRICTED CASH 18126 OTHER RECEIVABLES 9629 491792 NOTES PAYABLE 1272726 REFUNDABLE ADVANCES 184973 ALLOW FOR UNFUNDED LOAN COMMITMENTS 33037 GREENSUN MANAGEMENT FEE FUND 9145 GREENSUN REFLOW & ADMIN FEE FUND 7911 GREENSUN LLR DEPOSITS 1071 1508863 X SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION RECOGNIZES THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION AFTER AN AUDIT BASED ON THE TECHNICAL MERITS OF THE POSITION. THE ORGANIZATION HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS IN FILED RETURNS THAT REQUIRE DISCLOSURE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION IS NOT SUBJECT TO INCOME TAXES IN THE U.S. FEDERAL JURISDICTION AND THE STATE. TAX REGULATIONS WITHIN EACH JURISDICTION ARE SUBJECT TO INTERPRETATION OF THE RELATED TAX LAWS AND REGULATIONS AND REQUIRE SIGNIFICANT JUDGMENT TO APPLY. X false false false false false false false false false HEATHER PIPER EXECUTIVE DIRECTOR 167946 28957 196903 BRYAN LUKE PART V PART V false TONY MIZUNO PART V PART V false ROBERT VAN TASSEL PART V PART V false SCHEDULE L, PART V PART IV - BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS (A) NAME OF INTERESTED PARTY: BRYAN LUKE (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: DIRECTOR OF HCRC AND KEY EMPLOYEE OF FINANCIAL INSTITUTION (D) DESCRIPTION OF TRANSACTION: END OF YEAR DEPOSIT BALANCE 316,520 (A) NAME OF INTERESTED PARTY: TONY MIZUNO (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: DIRECTOR OF HCRC AND KEY EMPLOYEE OF FINANCIAL INSTITUTION (D) DESCRIPTION OF TRANSACTION: END OF YEAR DEPOSIT BALANCE 135,848 END OF YEAR CO-LENDING LOAN BALANCE 640,323 (A) NAME OF INTERESTED PARTY: ROBERT VAN TASSEL (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: DIRECTOR OF HCRC AND DIRECTOR OF BORROWER OF HCRC (D)DESCRIPTION OF TRANSACTION: END OF YEAR LOAN BALANCE 361,911 FORM 990 - ORGANIZATION'S MISSION THE MISSION OF HAWAII COMMUNITY REINVESTMENT CORPORATION IS TO FACILITATE AFFORDABLE HOUSING, COMMUNITY DEVELOPMENT, AND ECONOMIC DEVELOPMENT THROUGHOUT THE STATE OF HAWAII BY PROVIDING INNOVATIVE FINANCING, TRAINING AND CONSULTING TO ORGANIZATIONS WHO SERVE UNDERSERVED AND DISADVANTAGED COMMUNITIES. FORM 990, PAGE 2, PART III, LINE 4A HCRC AND SUBSIDIARIES HAVE PROVIDED FINANCING FOR: THE DEVELOPMENT OF 3,508 AFFORDABLE HOUSING RENTAL UNITS WITH TOTAL FUNDING OF 205.5 MILLION THROUGH ITS AFFORDABLE HOUSING BANK CONSORTIUM LOAN PARTICIPATON PROGRAM. 7 BUSINESS LOANS TOTALING 3.6 MILLION THROUGH THE SBA 504 PROGRAM 203 ENERGY EFFICIENT LOANS TOTALING 4.8 MILLION THROUGH THE DBEDT GREENSUN LOAN LOSS RESERVE PROGRAM. 29 DIRECT LOANS TOTALING 3.4 MILLION TO NONPROFITS AND SMALL BUSINESSES TO SUPPORT COMMUNITY PROGRAMS AND ECONOMIC DEVELOPMENT THROUGH ITS COMMUNITY LOAN FUND. 3 DIRECT LOANS TOTALING 1.3 MILLION FOR PREDEVELOPMENT OF 649 NEW AFFORDABLE RENTAL UNITS AND 3 DIRECT LOANS TOTALING 342K FOR THE PRESERVATION OF 7 AFFORDABLE SINGLE FAMILY HOMES THROUGH ITS COMMUNITY REAL ESTATE LOAN FUND. HCRC GRANTED 789,474 TO THE UNIVERSITY OF HAWAII FOUNDATION TO FUND AN ENDOWMENT TO ESTABLISH THE HAWAII COMMUNITY REINVESTMENT CORPORATION DISTINGUISHED PROFESSORSHIP IN AFFORDABLE HOUSING, ADMINISTERED A PASSTHROUGH GRANT IN THE AMOUNT OF 1,983,950 FOR HUD AND C&C HONOLULU TO A NONPROFIT PRESERVATION OF AFFORDABLE HOUSING IN TOD DISTRICT, AND ADMINISTERED 153 PASSTHROUGH GRANTS TOTALING 1,833,759 FOR THE C&C HONOLULU MAYORS OFFICE OF CULTURE AND ARTS CARES ACT RECOVERY & RELIEF FUND PROGRAM. HCRC PROVIDES FREE FINANCIAL TECHNICAL ASSISTANCE AND TRAINING TO COMMUNITY BASED ORGANIZATIONS THROUGH INDIVIDUAL CONSULTATION, WEBINARS, AND CONVENINGS. FORM 990, PART VI SECTION A, LINE 6: AS OF AUGUST 8, 2016, THE CORPORATION HAS NO MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B THE ANNUAL FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW AND COMMENT. REVISIONS, IF ANY, ARE MADE PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE POLICY REQUIRES THE BOARD TO PERIODICALLY REVIEW ITS CONFLICT OF INTEREST POLICY. ADDITIONALLY, ALL BOARD MEMBERS ARE REQUIRED TO SUBMIT AN ANNUAL CONFLICT OF INTEREST STATEMENT. PROCEDURES ARE IN PLACE SHOULD A CONFLICT OR POTENTIAL CONFLICT ARISE. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE COMMITTEE RECOMMENDS COMPENSATION FOR ALL KEY OFFICER POSITIONS BASED ON SALARY SURVEY INFORMATION OF OTHER NONPROFITS ON A NATIONAL LEVEL SUPPLEMENTED WITH LOCAL COMPENSATION INFORMATION FOR BOARD APPROVAL. FORM 990, PAGE 6, PART VI, LINE 15B THERE ARE NO OTHER OFFICERS OR KEY EMPLOYEES WHO ARE COMPENSATED BY THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE MADE AVAILABLE THROUGH VARIOUS MEANS. GOVERNING DOCUMENTS ARE AVAILABLE THROUGH THE DEPARTMENT OF COMMERCE & CONSUMER AFFAIRS OR UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE THROUGH GUIDESTAR.ORG OR UPON REQUEST. HAWAII INVESTORS FOR AFFORDABLE HOU PO BOX 3409 HONOLULU HI 96801 990319716 PART VII HI PART VII C CORP 1.00000 true false false false false false false false false false false false false false false false false false false false SCHEDULE R PART IV - IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS A CORPORATION (A) NAME OF RELATED ORGANIZATION: HAWAII INVESTORS FOR AFFORDABLE HOUSING, INC. (HIAHI) (B) PRIMARY ACTIVITY: REAL ESTATE DEVELOPMENT (D) DIRECT CONTROLLING ENTITY: HAWAII COMMUNITY REINVESTMENT CORPORATION (F) HIAHI DID NOT HAVE ANY INCOME IN 2022 (G) HIAHI DID NOT HAVE ANY ASSETS AT THE END OF 2022