Hawaii Community Lending
- Assets
- $9.0m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 15
- Location
- Hilo, HI
- Founding
- 04/2016
- Data as of
- 09/2023
- EIN
- 47-3100005
Organization Overview
Hawaii Community Lending is located in Hilo, HI. The organization was established in 2016. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Hawaii Community Lending employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hawaii Community Lending 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 09/2023, Hawaii Community Lending generated $8.8m in total revenue. All expenses for the organization totaled $7.5m during the year ending 09/2023.
Since 2020, Hawaii Community Lending has awarded 26 individual grants totaling $37,779,932. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE ACCESS TO CAPITAL FOR NATIVE HAWAIIANS RESIDING IN HAWAII.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMERGENCY GRANTS - TO PROVIDE EMERGENCY GRANTS TO HOUSEHOLDS IN FINANCIAL HARDSHIP.
OTHER PROGRAMS
AFFORDABLE HOUSING FUND - HAWAII COMMUNITY LENDING 47-3100005 TO PROVIDE COMMUNITY LENDING SERVICES TO INCLUDE ORIGINATION AND SERVICING OF CONSUMER, HOUSING, AND SMALL BUSINESS LOANS.
TECHNICAL ASSISTANCE - TO PROVIDE TECHNICAL ASSISTANCE TO HOUSEHOLDS, NONPROFITS, AND SMALL BUSINESSES SEEKING LOANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Gilbreath Executive Director | Officer | 40 | $92,554 |
Kui Meyer President | OfficerTrustee | 1 | $0 |
Noelle Kai Vice President | OfficerTrustee | 1 | $0 |
Thomas Atou Treasurer | OfficerTrustee | 1 | $0 |
Billy Pieper Board Member | Trustee | 1 | $0 |
Sunshine Topping Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,852,654 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,650,586 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,503,240 |
| Total Program Service Revenue | $297,652 |
| 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 | $8,801,117 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,124,979 |
| Grants and other assistance to domestic individuals. | $4,749,148 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $98,505 |
| Compensation of current officers, directors, key employees. | $5,910 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $837,375 |
| Pension plan accruals and contributions | $13,871 |
| Other employee benefits | $82,861 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,076 |
| Fees for services: Accounting | $62,998 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $244,051 |
| Advertising and promotion | $38,431 |
| Office expenses | $64,784 |
| Information technology | $5,792 |
| Royalties | $0 |
| Occupancy | $36,000 |
| Travel | $42,763 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,326 |
| Interest | $57,573 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,000 |
| Insurance | $5,358 |
| All other expenses | $1,000 |
| Total functional expenses | $7,504,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,565,541 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $841,855 |
| Accounts receivable, net | $1,637,074 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,883,239 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,960 |
| Net Land, buildings, and equipment | $15,867 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,968,536 |
| Accounts payable and accrued expenses | $260,599 |
| Grants payable | $0 |
| Deferred revenue | $628,493 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $4,114,938 |
| Other liabilities | $0 |
| Total liabilities | $5,004,030 |
| Net assets without donor restrictions | $3,964,506 |
| 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 | $8,968,536 |
Grants Awarded
Over the last fiscal year, Hawaii Community Lending has awarded $720,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VIBRANT HAWAII PURPOSE: CONDUCT COMMUNITY OUTREACH. | $20,000 |
HAWAII ECONOMIC OPPORTUNITY COUNCIL PURPOSE: UTILIZE EMERGENCY ASSISTANCE INFRASTRUCTURE TO DEPLOY FUNDS. PROVIDE REFERRALS FOR FINANCIAL COUNSELING | $350,000 |
NEIGHBORHOOD PLACE OF PUNA PURPOSE: UTILIZE EMERGENCY ASSISTANCE INFRASTRUCTURE TO DEPLOY FUNDS. PROVIDE REFERRALS FOR FINANCIAL COUNSELING. | $350,000 |