Hawaiian Community Assets Inc
- Assets
- $4.9m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 23
- Location
- Honolulu, HI
- Founding
- 04/2002
- Data as of
- 09/2023
- EIN
- 99-0348767
Organization Overview
Hawaiian Community Assets Inc is located in Honolulu, HI. The organization was established in 2002. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Hawaiian Community Assets Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hawaiian Community Assets Inc 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 09/2023, Hawaiian Community Assets Inc generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $2.6m during the year ending 09/2023. While expenses have increased by 9.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO BUILD THE CAPACITY OF LOW- AND MODERATE-INCOME COMMUNITIES TO ACHIEVE AND SUSTAIN ECONOMIC SELF-SUFFICIENCY WITH A PARTICULAR FOCUS ON NATIVE HAWAIIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL PROGRAM - HAWAIIAN COMMUNITY ASSETS SERVED OVER 1,600 INDIVIDUALS DURING 2023 WITH HOUSING COUNSELING AND FINANCIAL LITERACY SERVICES TO PROMOTE HOUSING STABILITY, AFFORDABILITY, AND SUSTAINABLE HOMEOWNERSHIP. THIS PROGRAM INCLUDED GRANTS OF $40,940 TO YOUTH PARTICIPANTS IN FINANCIAL LITERACY COHORTS.
OTHER PROGRAMS
EDUCATION - HAWAIIAN COMMUNITY ASSETS SERVED OVER 2,027 INDIVIDUALS DURING 2023 WHO ATTENDED HOMEBUYER WORKSHOPS AND RENTAL EDUCATION/FINANCIAL EDUCATION WORKSHOPS. HCA COLLECTED $111,533 FROM THE SALE OF BOOKS AND PROGRAM FEES.
FINANCIAL ASSISTANCE - HAWAIIAN COMMUNITY ASSETS SERVED 19 SENIORS WITH MATCH SAVINGS IN THE KUPUNA MATCH PROGRAM IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chelsie Evans Enos Executive Director | Officer | 40 | $105,498 |
Noelle Kai President | OfficerTrustee | 2 | $0 |
Adrienne Dillard Vice President | OfficerTrustee | 2 | $0 |
Kui Meyer Treasurer | OfficerTrustee | 2 | $0 |
Gavin Thornton Secretary | OfficerTrustee | 2 | $0 |
Kaipo Kukahiko Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $460,814 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,091,144 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,551,958 |
| Total Program Service Revenue | $350,260 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $66,841 |
| Net Gain/Loss on Asset Sales | $1,968 |
| Net Income from Fundraising Events | $213 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,973,269 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $40,940 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $129,175 |
| Compensation of current officers, directors, key employees. | $36,169 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,122,742 |
| Pension plan accruals and contributions | $14,341 |
| Other employee benefits | $140,680 |
| Payroll taxes | $76 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $150 |
| Fees for services: Accounting | $97,860 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $393,778 |
| Advertising and promotion | $9,352 |
| Office expenses | $131,076 |
| Information technology | $12,348 |
| Royalties | $0 |
| Occupancy | $146,300 |
| Travel | $64,798 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,650 |
| Interest | $53,465 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,737 |
| Insurance | $27,860 |
| All other expenses | $0 |
| Total functional expenses | $2,561,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $970,028 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $535,868 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $34,938 |
| Inventories for sale or use | $47,112 |
| Prepaid expenses and deferred charges | $27,354 |
| Net Land, buildings, and equipment | $3,295,473 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,190 |
| Total assets | $4,913,963 |
| Accounts payable and accrued expenses | $101,315 |
| Grants payable | $0 |
| Deferred revenue | $3,000 |
| 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 | $1,589,898 |
| Unsecured mortgages and notes payable | $37,523 |
| Other liabilities | $0 |
| Total liabilities | $1,731,736 |
| Net assets without donor restrictions | -$41,323 |
| Net assets with donor restrictions | $3,223,550 |
| 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 | $4,913,963 |