Hale Mahaolu
- Assets
- $62.8m
- Revenue
- $14.7m
- Investments
- $0.0
- Employees
- 124
- Location
- Kahului, HI
- Founding
- 08/1971
- Data as of
- 12/2021
- EIN
- 99-0143109
Organization Overview
Hale Mahaolu is located in Kahului, HI. The organization was established in 1971. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Hale Mahaolu employed 124 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hale Mahaolu 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 12/2021, Hale Mahaolu generated $14.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $12.9m during the year ending 12/2021. While expenses have increased by 3.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND MAINTAIN LOW-INCOME AND ELDERLY HOUSING PROJECTS AND OTHER RELATED PROGRAMS TO BENEFIT THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE RENTAL HOUSING TO LOW INCOME AND ELDERLY INDIVIDUALS.
TO PROVIDE ASSISTANCE AND FINANCIAL AID TO THE ELDERLY AND TO ENABLE THEM TO PURCHASE IN-HOME PERSONAL CARE ATTENDANT SERVICE.
TO PROVIDE MEALS TO ELDERLY INDIVIDUALS.
HALE MAHAOLU - PROVIDED SUPPORT FOR ALL PROGRAMS INCLUDING ITS OTHER AFFILIATED AGENCIES NOT INCLUDED IN THIS FORM 990.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grant Chun Executive Director | Officer | 3.33 | $247,130 |
Candis Wilkinson Controller | 3.33 | $135,531 | |
Paige Mamuad Hr Director | 3.33 | $126,191 | |
Brandon Higashi Housing Director | 3.33 | $117,665 | |
Patricia Tomita Secretary | OfficerTrustee | 0.08 | $0 |
Valerie Matsunaga Treasurer | OfficerTrustee | 0.08 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Maui Island Roofing Roofing | 12/30/15 | $245,000 |
Reicke Sunnland Kono Architects Architect | 12/30/15 | $109,355 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $856,172 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,075 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $873,247 |
| Total Program Service Revenue | $13,273,361 |
| Investment income | $362,941 |
| 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 | $14,655,033 |
| 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. | $247,130 |
| Compensation of current officers, directors, key employees. | $185,348 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,582,661 |
| Pension plan accruals and contributions | $334,795 |
| Other employee benefits | $1,080,342 |
| Payroll taxes | $475,981 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,020 |
| Fees for services: Accounting | $82,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $884,996 |
| Advertising and promotion | $12,326 |
| Office expenses | $167,904 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $531,944 |
| Travel | $2,341 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $987,014 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $791,514 |
| Insurance | $339,205 |
| All other expenses | $18,665 |
| Total functional expenses | $12,912,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,860,844 |
| Savings and temporary cash investments | $3,370,196 |
| Pledges and grants receivable | $147,949 |
| Accounts receivable, net | $797,135 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,509,604 |
| Inventories for sale or use | $18,474 |
| Prepaid expenses and deferred charges | $176,430 |
| Net Land, buildings, and equipment | $15,687,205 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $14,257,611 |
| Intangible assets | $0 |
| Other assets | $14,972,402 |
| Total assets | $62,797,850 |
| Accounts payable and accrued expenses | $1,245,735 |
| 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 | $9,588,344 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $387,506 |
| Total liabilities | $11,221,585 |
| Net assets without donor restrictions | $51,538,040 |
| Net assets with donor restrictions | $38,225 |
| 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 | $62,797,850 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hale Mahaolu has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
Bank Of Hawaii Foundation Honolulu, HI PURPOSE: HOMEOWNERSHIP AND HOUSING COUNSELING PROGRAM | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Episcopal Communities & Services For Seniors Monrovia, CA | $210,406,101 | $54,393,007 |
Area Housing Authority Of County Of Ventura Newbury Park, CA | $51,199,286 | $45,374,355 |
Eah Inc San Rafael, CA | $269,353,281 | $53,747,905 |
Tenderloin Neighborhood Development Corporation San Francisco, CA | $105,200,928 | $42,280,090 |
Eden Housing Inc Hayward, CA | $420,059,670 | $90,990,309 |
Midpen Housing Corporation Foster City, CA | $279,122,902 | $50,937,724 |
Cesar Chavez Foundation Keene, CA | $206,528,631 | $52,041,546 |
Pico-Union Housing Corporation Los Angeles, CA | $136,637,775 | $17,120,613 |
Burbank Housing Development Corporation Santa Rosa, CA | $103,460,619 | $16,261,747 |
Coachella Valley Housing Coalition Indio, CA | $146,778,624 | $17,127,596 |
Community Corporation Of Santa Monica Santa Monica, CA | $197,338,615 | $17,598,823 |
La Cooperativa Campesina De California Sacramento, CA | $2,765,549 | $15,334,359 |