Nonprofit · EIN 99-0210565
HEDCO LOCAL DEVELOPMENT CORPORATION
Tax-exempt · HONOLULU, HI 96813
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,187,556 | $951,774 | $235,782 | $5,450,301 | $78,996 | $5,371,305 |
| September 30, 2024 | 990 | $1,213,069 | $968,896 | $244,173 | $5,236,633 | $101,110 | $5,135,523 |
| September 30, 2023 | 990 (amended) | $1,198,297 | $973,701 | $224,596 | $5,004,279 | $112,929 | $4,891,350 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $921,384
- Investment income
- $264,372
- Other revenue
- $1,800
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $554,498
- Other salaries and wages
- $83,447
- Salaries, compensation and benefits (total)
- $722,233
- Professional fundraising fees
- $0
- Accounting fees
- $22,645
- Occupancy
- $78,012
- Travel
- $752
- Depreciation
- $11,126
- Program services (functional)
- $850,540
- Management and general (functional)
- $101,234
Balance sheet and other
- Total assets, start of year
- $5,236,633
- Total assets, end of year
- $5,450,301
- Total liabilities, end of year
- $78,996
- Net assets, end of year
- $5,371,305
- Land, buildings and equipment
- $155,318
- Net assets without donor restrictions
- $5,371,305
- Gross unrelated business income
- $1,800
- Gross receipts
- $1,187,556
- Employees
- 5
- Volunteers
- 8
- Year formed
- 1981
- State of legal domicile
- HI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHAWN HIGA | PRESIDENT/TREASURER Officer | 40 | $197,031 | $20,601 |
| MYLES MIYACHI | VICE PRESIDENT Officer | 40 | $150,568 | $29,153 |
| NALIA FELIPE | SECRETARY Officer | 40 | $99,245 | $14,811 |
| ARLEEN A TARNAY | VICE PRESIDENT Officer | 32 | $22,856 | $2,164 |
| GERALD K HARBOTTLE | CHAIRMAN OF THE BOD Trustee or director | 1 | $0 | $0 |
| ROY AMEMIYA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WALTER KANEAKUA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TERENCE YEH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MELVIN MOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DENNIS K TANIMOTO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RANDI TSUSHIMA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LINDA HO | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHAWN HIGA | PRESIDENT/TREASURER Officer | 40 | $189,538 | $19,823 |
| MYLES MIYACHI | VICE PRESIDENT Officer | 40 | $144,749 | $27,918 |
| NALIA FELIPE | SECRETARY Officer | 40 | $95,526 | $13,150 |
| ARLEEN A TARNAY | VICE PRESIDENT Officer | 32 | $49,562 | $7,108 |
| GERALD K HARBOTTLE | CHAIRMAN OF THE BOD Trustee or director | 1 | $0 | $0 |
| ROY AMEMIYA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WALTER KANEAKUA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TERENCE YEH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MELVIN MOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DENNIS K TANIMOTO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RANDI TSUSHIMA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LINDA HO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY SELLERS | FORMER DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHAWN HIGA | PRESIDENT/TREASURER Officer | 40 | $152,791 | $19,577 |
| MYLES MIYACHI | VICE PRESIDENT Officer | 40 | $117,294 | $19,440 |
| NALIA FELIPE | SECRETARY Officer | 40 | $77,943 | $11,436 |
| ARLEEN A TARNAY | VICE PRESIDENT Officer | 32 | $47,042 | $6,382 |
| GERALD K HARBOTTLE | CHAIRMAN OF THE BOD Trustee or director | 1 | $0 | $0 |
| ROY AMEMIYA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY SELLERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WALTER KANEAKUA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TERENCE YEH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MELVIN MOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DENNIS K TANIMOTO | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 222 VINEYARD ST PH 1, HONOLULU, HI 96813-2456
- Principal officer (990 for 2024)
- SHAWN HIGA, 222 S VINEYARD STREET PH-1, HONOLULU, HI 968132456
- Signed the 990
- SHAWN HIGA, PRESIDENT
- Phone
- (808) 521-6502
- Website
- WWW.HEDCOLDC.COM
- Return prepared by
- CW ASSOCIATES CPAS
Mission
PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF SMALL BUSINESS
Program accomplishments
- HEDCO LOCAL DEVELOPMENT CORPORATION PROVIDES FINANCING AND GROWTH AND DEVELOPMENT ASSISTANCE TO SMALL BUSINESSES. DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2025, HEDCO LOCAL DEVELOPMENT PROVIDED FINANCING TO 5 SMALL BUSINESSES.Expenses $850,540 · revenue $921,384
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 99-0210565
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1982
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,450,301
- Income (IRS master file)
- $1,187,556
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,187,556 | $951,774 | $5,450,301 | XML |
| 990 | September 2024 | $1,213,069 | $968,896 | $5,236,633 | XML |
| 990 | September 2023 | $1,198,297 | $973,701 | $5,004,279 | XML |
| 990 | September 2022 | $1,032,619 | $1,028,380 | $4,859,764 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 99-0210565).
Questions about HEDCO LOCAL DEVELOPMENT CORPORATION
- What is the EIN of HEDCO LOCAL DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of HEDCO LOCAL DEVELOPMENT CORPORATION is 99-0210565.
- Is HEDCO LOCAL DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1982.
- Are donations to HEDCO LOCAL DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HEDCO LOCAL DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HEDCO LOCAL DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HEDCO LOCAL DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of HEDCO LOCAL DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 names SHAWN HIGA.
- Who are the officers and directors of HEDCO LOCAL DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 lists 12 people; 4 received compensation from the organization, the highest $197,031 (SHAWN HIGA, PRESIDENT/TREASURER).
- How much revenue does HEDCO LOCAL DEVELOPMENT CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,187,556, expenses of $951,774 and total assets of $5,450,301 at year end.
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