Big Island Housing Foundation
- Assets
- $1.5m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 21
- Location
- Hilo, HI
- Founding
- 03/1971
- Data as of
- 03/2024
- EIN
- 23-7071571
Organization Overview
Big Island Housing Foundation is located in Hilo, HI. The organization was established in 1971. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 03/2024, Big Island Housing Foundation employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Big Island Housing Foundation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 03/2024, Big Island Housing Foundation generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $1.2m during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIG ISLAND HOUSING FOUNDATION PROVIDED MANAGEMENT SERVICES FOR TWO RELATED PROPERTIES AS FOLLOWS:- KEAAU ELDERLY HOUSING- WAIMEA ELDERLY HOUSINGTHE ORGANIZATION ALSO PROVIDED MANAGEMENT SERVICES FOR FOUR FORMERLY RELATED PROPERTIES AS FOLLOWS:- PAPA'ALOA ELDERLY HOUSING LIMITED PARTNERSHIP (FORMER KNOWN AS PAPAALOA HOUSING, INC.)- U00660 HILO LP (FORMERLY KNOWN AS KAMANA)- UHC00382 HILO LP (FORMERLY KNOWN AS RIVERSIDE APARTMENTS)- UNC00525 HILO LP (FORMERLY KNOWN AS E KOMO MAI)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Hamilton Director | Trustee | 1 | $0 |
Phoebe Lambeth Director | Trustee | 1 | $0 |
Joseph Marsh Director | Trustee | 1 | $0 |
Mary Begier President | Officer | 1 | $0 |
Donn Mende Vice President | Officer | 1 | $0 |
Mary Begier Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,000,880 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,000,880 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $69,756 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $542,447 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $192,328 |
| Payroll taxes | $67,825 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $107,658 |
| Fees for services: Accounting | $8,887 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $23,914 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,330 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $38,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,115 |
| Insurance | $22,147 |
| All other expenses | $2,616 |
| Total functional expenses | $1,184,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $271,156 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $843 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,930 |
| Net Land, buildings, and equipment | $136,564 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,079,145 |
| Total assets | $1,491,638 |
| Accounts payable and accrued expenses | $21,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,440,084 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,211 |
| Total liabilities | $1,482,295 |
| Net assets without donor restrictions | $9,343 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,491,638 |