Housing And Land Enterprise Of Hawaii County, operating under the name Hale O Hawaii, is located in Waikoloa, HI. The organization was established in 2017. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hale O Hawaii 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 12/2022, Hale O Hawaii generated $12.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.5%) each year. All expenses for the organization totaled $27.2k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SECURE AND PRESERVE A PERMANENT SUPPLY OF AFFORDABLE HOUSING ALTERNATIVES FOR LOW AND MODERATE INCOME HOUSEHOLDS IN HAWAII COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OBTAINED A GRANT OF LAND PARCELS AND FUNDING TO MOVE FORWARD WITH PROGRAM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Peter S Hoffmann Executive Director | Officer | 12 | $0 |
Patrick Hurney Board Member | Trustee | 1 | $0 |
Eric Jacobsen Board Member | Trustee | 1 | $0 |
Jonathan Grayson Board Member | Trustee | 1 | $0 |
Phil Tinguely Board Member | Trustee | 1 | $0 |
Loretta Wickenden Secretary | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $22,000 |
All other contributions, gifts, grants, and similar amounts not included above | $4,014 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $26,014 |
Total Program Service Revenue | $0 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$13,153 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $12,861 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $6,763 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $312 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $11,483 |
Advertising and promotion | $0 |
Office expenses | $7,421 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $1,217 |
All other expenses | $1 |
Total functional expenses | $27,197 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $222,266 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $0 |
Net Land, buildings, and equipment | $150,386 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $372,652 |
Accounts payable and accrued expenses | $0 |
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 | $152,799 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $152,799 |
Net assets without donor restrictions | $219,853 |
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 | $372,652 |
Over the last fiscal year, we have identified 2 grants that Housing And Land Enterprise Of Hawaii County has recieved totaling $390,000.
Awarding Organization | Amount |
---|---|
Nareit Foundation Washington, DC PURPOSE: REIT WAY HAWAII GRANT | $195,000 |
Nareit Foundation Washington, DC PURPOSE: REIT WAY HAWAII GRANT | $195,000 |
Organization Name | Assets | Revenue |
---|---|---|
Midpen Resident Services Corporation Foster City, CA | $3,702,334 | $11,407,168 |
Bridge Property Management Company San Francisco, CA | $1,233,636 | $9,360,308 |
Burbank Housing Corporation Burbank, CA | $47,643,861 | $6,370,585 |
Habitat For Humanity San Fernando/Santa Clarita Valleys Woodland Hills, CA | $1 | $4,168,206 |
Satellite Aha Development Inc Berkeley, CA | $17,466,494 | $5,909,155 |
Housing Trust Silicon Valley San Jose, CA | $250,989,111 | $21,448,557 |
Western Community Housing Inc Costa Mesa, CA | $106,078,970 | $11,023,596 |
Housing Choices Coalition For Persons With Developmental Disabil Palo Alto, CA | $4,399,565 | $5,833,856 |
Sacramento Neighborhood Housing Services Inc Sacramento, CA | $15,952,638 | $2,503,371 |
Housing Resource Center Of Monterey County Salinas, CA | $933,269 | $4,680,244 |
Project Go Inc Roseville, CA | $5,145,423 | $4,371,160 |
Meadows In Irvine Irvine, CA | $33,299,075 | $3,711,277 |