Housing Solutions Incorporated
- Assets
- $18.0m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 35
- Location
- Honolulu, HI
- Founding
- 02/1992
- Data as of
- 06/2022
- EIN
- 99-0253665
Organization Overview
Housing Solutions Incorporated is located in Honolulu, HI. The organization was established in 1992. 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 06/2022, Housing Solutions Incorporated employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Solutions Incorporated 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, Housing Solutions Incorporated generated $10.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $9.9m during the year ending 06/2022. While expenses have increased by 14.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP AND MANAGE TRANSITIONAL AND LONG-TERM SUPPORTIVE AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
RAPID REHOUSING PROGRAM - ADMINISTRATION SERVICES AND PAYMENT OF RENT,UTILITIES, SECURITY DEPOSITS AND LANDLORD INCENTIVES FOR RAPIDREHOUSING OF HOUSEHOLDS THROUGH FUNDS PROVIDED BY THE CITY AND COUNTY OF HONOLULU. SERVED 312 HOUSEHOLDS.
TRANSITIONAL HOUSING - INCLUDES SEAWIND & LOLIANA APARTMENTS, VANCOUVER HOUSE, KULAOKAHUA, AND EDWIN THOMAS HOME THAT PROVIDE TRANSITIONAL HOUSING FACILITIES FOR FAMILIES, SINGLE PERSONS AND THE ELDERLY WHO ARE HOMELESS AND IN NEED OF SHELTER AND SUPPORT. APPROXIMATELY 419 PERSONS SERVED.
PERMANENT HOUSING - INCLUDES SEA WIND APARTMENTS & WEINBERG HALE, APARTMENT BUILDINGS DEVELOPED AND PURCHASED BY THE ORGANIZATION TO PROVIDE LONGTERM, AFFORDABLE RENTAL HOUSING FOR LOW-INCOME PERSONS. ALSO INCLUDES THE ISLAND WEST APARTMENTS FOR WHICH THE ORGANIZATION PROVIDES BUILDING AND PROGRAM MANAGEMENT SERVICES. SERVED APPROXIMATELY 886 PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Curtis Chair | OfficerTrustee | 1 | $0 |
Roger Lyons Vice Chair | OfficerTrustee | 1 | $0 |
Nathan Saint Clare Secretary | OfficerTrustee | 1 | $0 |
Christopher Abbott Treasurer | OfficerTrustee | 1 | $0 |
Gaye Johnston President | Officer | 40 | $207,315 |
Lisa Lo Director Of Admin | 40 | $150,245 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
B-clean Janitorial & Maintenance Svc Janitorial | 6/29/18 | $122,749 |
Dumore Construction Construction | 6/29/18 | $108,040 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,776,689 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,776,689 |
| Total Program Service Revenue | $8,752,408 |
| Investment income | $2 |
| 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 | $10,529,099 |
| 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. | $210,860 |
| Compensation of current officers, directors, key employees. | $42,963 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $726,505 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $143,912 |
| Payroll taxes | $72,800 |
| Fees for services: Management | $42,000 |
| Fees for services: Legal | $37,381 |
| 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 | $45,316 |
| Advertising and promotion | $0 |
| Office expenses | $48,049 |
| Information technology | $15,601 |
| Royalties | $0 |
| Occupancy | $1,136,607 |
| Travel | $4,131 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,443 |
| Interest | $64,147 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $814,696 |
| Insurance | $157,323 |
| All other expenses | $1,316 |
| Total functional expenses | $9,919,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $291,593 |
| Savings and temporary cash investments | $518,168 |
| Pledges and grants receivable | $891,370 |
| Accounts receivable, net | $280,679 |
| 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 | $17,743 |
| Net Land, buildings, and equipment | $14,984,971 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $976,900 |
| Total assets | $17,961,424 |
| Accounts payable and accrued expenses | $91,246 |
| Grants payable | $0 |
| Deferred revenue | $24,165 |
| 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 | $1,911,577 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,389,769 |
| Total liabilities | $3,416,757 |
| Net assets without donor restrictions | $14,456,851 |
| Net assets with donor restrictions | $87,816 |
| 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 | $17,961,424 |