Hhoc Mortgage

Organization Overview

Hhoc Mortgage is located in Honolulu, HI. The organization was established in 2010. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Hhoc Mortgage employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hhoc Mortgage is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Hhoc Mortgage generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $241.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

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.


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Board, Officers & Key Employees

Name (title)Compensation
Dawn Robinson Naya
President
$0
Michael Miller
Vice President
$0
Daniel Costigan
Treasurer
$0
Tricia Fujikawa Lee
Secretary
$0
Robert Chow
Board Member
$0
Mark Kimoto
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$150,000
Government grants $499,500
All other contributions, gifts, grants, and similar amounts not included above$220,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$869,500
Total Program Service Revenue$137,991
Investment income $95,326
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$19
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,102,798

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