Lokahi Pacific

Organization Overview

Lokahi Pacific is located in Wailuku, HI. The organization was established in 1974. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Lokahi Pacific employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lokahi Pacific 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 06/2022, Lokahi Pacific generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.6% each year . All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 36.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO DEVELOP AND EXPAND OPPORTUNITIES AVAILABLE TO LOW-INCOME INDIVIDUALS TO OWN, MANAGE, OPERATE AND GAIN EMPLOYMENT IN BUSINESS ENTERPRISES; TO PROVIDE LOW-INCOME AND PHYSICALLY AND MENTALLY DISADVANTAGED INDIVIDUALS WITH HOUSING FACILITIES SPECIALLY DESIGNED TO MEET THEIR NEEDS; TO ASSIST LOW-INCOME INDIVIDUALS BY PROVIDING DOWN PAYMENTS FOR THE PURCHASE OF A SINGLE FAMILY RESIDENCE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ASSISTED IN THE AVAILABILITY OF AFFORDABLE HOUSING IN MAUI.


LOKAHI PACIFIC PROVIDED SUPPORT TO OTHER MAUI NONPROFITS WITH SIMILAR PROGRAMS AND MISSION ACTIVITIES.


LOKAHI PACIFIC PROVIDED SUPPORT FOR ALL AFFILIATED ORGANIZATIONS.


THE DIRECT LOAN PROGRAM PROVIDED FINANCIAL ASSISTANCE TO SMALL BUSINESSES OPERATING IN MAUI COUNTY AND NEIGHBORING ISLANDS.


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Board, Officers & Key Employees

Name (title)Compensation
Mark D Reck
Chairman
$0
Reynold Butch M Gima
Vice-Chair
$0
Scott Hal Smith Pa-C
Secretary
$0
Greg Knue
Treasurer
$0
Viola Mundrick-Wichman
Director
$0
Jeffrey Ellison
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,126,926
All other contributions, gifts, grants, and similar amounts not included above$299,929
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,426,855
Total Program Service Revenue$190,680
Investment income $8
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 $1,617,543

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