2024-11-15T09:49:44-08:00 2023-12-31 262363334 PROPP CHRISTENSEN CANIGLIA LLP 9261 Sierra College Boulevard Roseville CA 95661 990 2023-01-01 475018774 AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT FOUNDATION AFFO 8085344434 900 FORT STREET MALL 1818 HONOLULU HI 96813 SCOTT W SETTLE President 2024-11-15 true true JUSTIN GIERTH CPA P02023869 9167512900 2023 2024-10-15 13:58:12Z TRISHA OGATA 5152042 false X www.ahedhawaii.org X 2015 HI THE ORGANIZATION IS INCORPORATED TO SUPPORT THE PRESERVATION, REHABILITATION AND DEVELOPMENT OF, AND ACCESS TO, AFFORDABLE HOUSING, AND TO SUPPORT ECONOMIC OPPORTUNITIES FOR LOWER-INCOME FAMILIES. THE ORGANIZATION SHALL FUNCTION PRIMARILY AS A FUNDING ORGANIZATION THAT SECURES AFFORDABLE HOUSING AND ECONOMIC OPPORTUNITY GRANTS, LOANS OR OTHER FUNDING FROM GOVERNMENTAL AGENCIES, LENDERS, PUBLIC AND PRIVATE COMPANIES AND CHARITABLE ORGANIZATIONS, AND THEREAFTER PARTNERING WITH AFFORDABLE HOUSING DEVELOPERS AND SERVICE PROVIDERS TO PROMOTE, PRESERVE AND PROVIDE AFFORDABLE HOUSING AND ECONOMIC OPPORTUNITIES TO RESIDENTS IN NEED. 4 4 0 8 0 26515 5152006 0 36 36 0 26551 5152042 5696 0 0 0 0 0 1905 6018 7601 6018 18950 5146024 1988902 7134926 0 1988902 7134926 THE ORGANIZATION IS INCORPORATED TO SUPPORT THE PRESERVATION, REHABILITATION AND DEVELOPMENT OF, AND ACCESS TO, AFFORDABLE HOUSING, AND TO SUPPORT ECONOMIC OPPORTUNITIES FOR LOWER-INCOME FAMILIES. false false 3611 The organization materially participated in the development of the following affordable housing projects in 2023:1. Projects previously completed and continually in operation: a. Kokua: 223 senior-rental project in Honolulu, Hawaii b. Pua Loke: 54-unit senior rental project in Lihue, Kauai. c. Pahala: 8-unit multifamily rental project in Pahala, Hawaii. d. Queen Emma Apartments: 71-unit multifamily rental project in Honolulu, Oahu. e. Waimea Huakai: 35-unit senior rental project in Waimea, Kauai. f. Waipahu Tower: 64-unit multifamily rental project in Waipahu, Oahu. g. Rice Camp II: 30-unit senior rental project in Lihue, Kauai.2. Projects currently under construction: a. Kai Olino: 48-unit rental project in Lihue, Kauai. b. Kapolei Parkways (Lot 6):236 multifamily rental project in Kapolei, Oahu. c. Kapolei Parkways (Lot 7):169 multifamily rental project in Kapolei, Oahu.3. Projects in the pre-development stage seeking entitlements and financing: a. Lima Ola Family:44 unit multifamily rental project in Eleele, Kauai. b. Lima Ola Kupuna:40 unit senior rental project in Eleele, Kauai. c. Kailua Lofts: 42 unit multifamily rental project in Kailua, Oahu. d. Pohukaina Commons:428 multifamily rental project in Honolulu, Oahu. e. Keawalau (Phases I, II & III) 531 units multi-family and senior rental project in Waipahu, Oahu. f. Kahoapili:188 multifamily rental or for-sale project in Salt Lake,Oahu. g. Kuulei:34 multifamily rental project in Kailua,Oahu. h. Nani O Puna:32-unit farmworker housing project in Pahoa, Big Island.4. Other work: a. The organization worked to build further capacity as an affordable housing non-profit by submitting funding applications under the low-income housing tax credit program as administered by the State of Hawaii. b. The organization submitted funding applications for various grants administered by State and local agencies for the acquisition, rehabilitationand new construction of affordable rental housing projects. c. The organization submitted applications and solicitation letters from various funding organizations. d. The organization coordinated tenant social service and partnership services with affiliates for projects under construction and in operation. 3611 true true false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false true 0 0 false 0 false false false false false false false 0 false false false false false false false X 4 4 false false false false false false false true false false false true true true true false false true false true true HI X X TRISHA OGATA 8085344434 900 FORT STREET MALL SUITE 1818 HONOLULU HI 96813 X SCOTT W SETTLE President 10.00 0.00 X X 0 0 0 PAUL MARX Director 1.00 0.00 X 0 0 0 DAVID F FASI Vice President 1.00 0.00 X X 0 0 0 MISTY KJALLMAN Director 1.00 0.00 X 0 0 0 0 false false false 0 5149000 3006 5152006 PROGRAM SERVICE REVENUE 531390 PROGRAM SERVICE REVENUE 624229 0 36 36 0 0 0 0 0 0 0 0 5152042 36 0 0 0 0 0 0 0 0 0 0 0 0 1250 750 500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4692 2815 1877 BANK CHARGES 75 45 30 TAX AND LICENSES 1 1 0 6018 3611 2407 0 158101 155089 100701 100737 0 0 0 0 0 0 0 0 0 0 0 0 1730100 6879100 1988902 7134926 0 0 X 1988902 7134926 1988902 7134926 1988902 7134926 5146024 X false false false X 949161 552195 476655 26515 5152006 7156532 0 0 949161 552195 476655 26515 5152006 7156532 0 7156532 77 51 36 36 36 236 0 0 7156768 1.00000 0.99990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED FUNDS IN ESCROW LOAN TO ALAKEA AFFORDABLE HOUSING 25000 LOAN TO OKUPU PARTNERS LP 499000 LOAN TO PAHALA HOLEI PARTNERS LP 400000 LOAN TO PUA LOKE HOUSING PARTNERS LP 500000 LOAN TO WAILEPO PARTNERS LP 4650000 LOAN TO WAIMEA HUAKAI 800000 OTHER ASSETS 5100 6879100 Form 990, Part VI, Section A, Line 8b THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. Form 990, Part VI, Section B, Line 11b THE FORM 990 IS DISTRIBUTED ELECTRONICALLY TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. Form 990, Part VI, Section B, Line 12c BOARD OF DIRECTORS DISCUSS POTENTIAL CONFLICTS OF INTEREST WITH EACH INITATIVE AND PROJECT IN COMPLIANCE WITH CONFLICT OF INTEREST POLICY. Form 990, Part VI, Section B, Line 15a NO OFFICERS OR DIRECTORS ARE COMPENSATED OTHER THAN CEO. EXECUTIVE COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS TAKING INTO CONSIDERATION NON-PROFIT SECTOR SALARY DATA AND COMPARABLE FOR-PROFIT SECTOR SALARY DATA. THE CEO POSITION WAS VACANT IN 2022 AND NO COMPENSATION WAS PAID. Form 990, Part VI, Section C, Line 18 RETURN WILL BE PUBLICLY LISTED ON charity.ehawaii.gov Form 990, Part VI, Section C, Line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE THROUGH charity.ehawaii.gov. 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