Hawaii Island Community Development Corporation
- Assets
- $35.7m
- Revenue
- $1.2m
- Investments
- $873.0k
- Employees
- 7
- Location
- Hilo, HI
- Founding
- 03/1991
- Data as of
- 12/2021
- EIN
- 99-0253076
Organization Overview
Hawaii Island Community Development Corporation is located in Hilo, HI. The organization was established in 1991. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Hawaii Island Community Development Corporation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hawaii Island Community Development Corporation 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, Hawaii Island Community Development Corporation generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. 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
HAWAII ISLAND COMMUNITY DEVELOPMENT CORPORATION WAS ESTABLISHED ON JULY 7, 1986 TO PROVIDE FAMILIES WITH LOW AND MODERATE INCOME WITH ADEQUATE HOUSING AND TO ACQUIRE, CONSTRUCT, AND PROVIDE HOUSING AND RELATED FACILITIES SUITED TO THE SPECIAL NEEDS AND LIVING REQUIREMENTS OF ELIGIBLE OCCUPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HICDC HAS BEEN DEVELOPING SELF HELP HOUSING SINCE 1992. THROUGH 2021, HICDC COMPLETED 361 HOMES FOR LOW-INCOME FAMILIES ALMOST ALL OF WHICH ARE ON THE ISLAND OF HAWAII. HICDC ALSO WORKED WITH FAMILIES TO CLOSE 10 USDA RURAL DEVELOPMENT 502 LOANS FOR THE HPP7 PROJECT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Mccomber Chief Of Operations | Officer | 40 | $133,500 |
Jan Makanani Chief Financial Officer | Officer | 30 | $104,146 |
Keith Kato Executive Director | OfficerTrustee | 20 | $76,800 |
Guido Giacometti President | OfficerTrustee | 1 | $0 |
John Ray Vice President | OfficerTrustee | 1 | $0 |
Nancy Crawford Secty/treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $118,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $118,400 |
| Total Program Service Revenue | $1,037,173 |
| Investment income | $3,170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,966 |
| 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 | $1,228,509 |
| 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. | $314,446 |
| Compensation of current officers, directors, key employees. | $31,445 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $268,328 |
| Pension plan accruals and contributions | $23,311 |
| Other employee benefits | $104,342 |
| Payroll taxes | $44,089 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $130,800 |
| Advertising and promotion | $0 |
| Office expenses | $15,102 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,860 |
| Travel | $7,729 |
| 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 | $139,423 |
| Insurance | $23,731 |
| All other expenses | $241 |
| Total functional expenses | $2,378,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,535,527 |
| Pledges and grants receivable | $37,510 |
| Accounts receivable, net | $2,673,884 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $18,748,748 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,423 |
| Net Land, buildings, and equipment | $11,787,442 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $872,980 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,710 |
| Total assets | $35,668,224 |
| Accounts payable and accrued expenses | $159,077 |
| Grants payable | $0 |
| Deferred revenue | $124,730 |
| 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 | $21,902,066 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,198,347 |
| Total liabilities | $23,384,220 |
| Net assets without donor restrictions | $12,284,004 |
| 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 | $35,668,224 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hawaii Island Community Development Corporation has recieved totaling $374,767.
| Awarding Organization | Amount |
|---|---|
Hau Oli Mau Loa Foundation Honolulu, HI PURPOSE: TO CONSTRUCT AFFORDABLE SELF-HELP HOMES FOR QUALIFIED LOW INCOME FAMILIES | $374,767 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eden Investments Inc Hayward, CA | $35,016,313 | $30,534,205 |
Turk Street Inc San Francisco, CA | $36,581,577 | $10,576,295 |
A Community Of Friends Los Angeles, CA | $60,441,352 | $19,454,068 |
Abode Communities Los Angeles, CA | $48,420,643 | $18,096,266 |
Vista Del Monte Affordable Housing Inc Keene, CA | $19,598,964 | $14,888,615 |
Rubicon Programs Inc Richmond, CA | $13,905,498 | $18,401,820 |
Sacramento Self-Help Housing Inc Sacramento, CA | $3,575,796 | $15,208,752 |
The Mortgage Capital Development Company Oakland, CA | $77,426,961 | $21,275,511 |
Century Housing Corporation Culver City, CA | $579,661,365 | $33,491,484 |
Linc Housing Corporation Long Beach, CA | $238,297,567 | $22,614,981 |
Millennium Housing Of California Costa Mesa, CA | $117,315,264 | $14,833,102 |
Ltsc Community Development Corporation Los Angeles, CA | $47,200,516 | $15,469,523 |