Nonprofit · EIN 99-0282148
HAWAII COMMUNITY REINVESTMENT CORP
Tax-exempt · HONOLULU, HI 96801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $859,691 | $459,216 | $400,475 | $6,221,247 | $2,126,129 | $4,095,118 |
| December 31, 2023 | 990 | $977,873 | $448,823 | $529,050 | $5,222,126 | $1,527,483 | $3,694,643 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $665,123
- of which government grants
- $125,000
- Program service revenue
- $165,886
- Investment income
- $28,682
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $199,892
- Other salaries and wages
- $30,840
- Salaries, compensation and benefits (total)
- $255,223
- Professional fundraising fees
- $0
- Legal fees
- $23,303
- Accounting fees
- $51,376
- Travel
- $2,544
- Program services (functional)
- $354,652
- Management and general (functional)
- $104,564
Balance sheet and other
- Total assets, start of year
- $5,222,126
- Total assets, end of year
- $6,221,247
- Total liabilities, end of year
- $2,126,129
- Net assets, end of year
- $4,095,118
- Net assets without donor restrictions
- $4,095,118
- Gross receipts
- $859,691
- Employees
- 2
- Year formed
- 1990
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HEATHER PIPER | EXECUTIVE DI Officer | 45 | $169,993 | $29,899 |
| BRYAN LUKE | CHAIRMAN & S Trustee or director, Officer | 1 | $0 | $0 |
| SCOTT HAYASHI | TREASURER/DI Trustee or director, Officer | 1 | $0 | $0 |
| AMY ASSELBAYE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ROY KATSUDA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| TONY MIZUNO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ROBERT VAN TASSEL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANDREANA REYES | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DARREN UEKI | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HEATHER PIPER | EXECUTIVE DI Officer | 45 | $167,946 | $28,957 |
| BRYAN LUKE | CHAIRMAN & S Trustee or director, Officer | 1 | $0 | $0 |
| SCOTT HAYASHI | TREASURER/DI Trustee or director, Officer | 1 | $0 | $0 |
| AMY ASSELBAYE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ROY KATSUDA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| TONY MIZUNO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ROBERT VAN TASSEL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DARREN UEKI | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 3409, HONOLULU, HI 96801-3409
- Principal officer (990 for 2024)
- HEATHER PIPER, PO BOX 3409, HONOLULU, HI 96801
- Signed the 990
- HEATHER PIPER, EXECUTIVE DIRECTOR
- Phone
- (808) 532-3110
- Website
- WWW.HCRCHAWAII.COM
- Return prepared by
- AKAMINE OYADOMARI & KOSAKI CPAS INC
Mission
THE MISSION OF HAWAII COMMUNITY REINVESTMENT CORPORATION IS TO FACILITATE AFFORDABLE HOUSING, COMMUNITY DEVELOPMENT, AND ECONOMIC DEVELOPMENT THROUGHOUT THE STATE OF HAWAII BY PROVIDING INNOVATIVE FINANCING, TRAINING AND CONSULTING TO ORGANIZATIONS WHO SERVE UNDERSERVED AND DISADVANTAGED COMMUNITIES.
Program accomplishments
- HCRC AND SUBSIDIARIES HAVE PROVIDED FINANCING FOR: THE DEVELOPMENT OF 3,508 AFFORDABLE HOUSING RENTAL UNITS WITH TOTAL FUNDING OF 205.5 MILLION THROUGH ITS AFFORDABLE HOUSING BANK CONSORTIUM LOAN PARTICIPATON PROGRAM. 7 BUSINESS LOANS TOTALING 3.6 MILLION THROUGH THE SBA 504 PROGRAM 203 ENERGY EFFICIENT LOANS TOTALING 4.8 MILLION THROUGH THE DBEDT GREENSUN LOAN LOSS RESERVE PROGRAM. 30 DIRECT LOANS TOTALING 4.9 MILLION TO NONPROFITS AND SMALL BUSINESSES TO SUPPORT COMMUNITY PROGRAMS AND ECONOMIC DEVELOPMENT THROUGH ITS COMMUNITY LOAN FUND. 5 DIRECT LOANS TOTALING 2.7 MILLION FOR PREDEVELOPMENT OF 872 NEW AFFORDABLE RENTAL UNITS AND 4 DIRECT LOANS TOTALING 591K FOR THE PRESERVATION OF 11 AFFORDABLE SINGLE FAMILY HOMES AND 3 DIRECT LOANS TOTALING 310K FOR IMPROVEMENTS TO 56,000 SQ FT OF COMMUNITY FACILITIES THROUGH ITS COMMUNITY REAL ESTATE LOAN FUND. HCRC GRANTED 789,474 TO THE UNIVERSITY OF HAWAII FOUNDATION TO FUND AN ENDOWMENT TO ESTABLISH THE HAWAII COMMUNITY REINVESTMENT CORPORATION DISTINGUISHED PROFESSORSHIP IN AFFORDABLE HOUSING, ADMINISTERED A PASSTHROUGH GRANT IN THE AMOUNT OF 1,983,950 FOR HUD AND C&C HONOLULU TO A NONPROFIT PRESERVATION OF AFFORDABLE HOUSING IN TOD DISTRICT, AND ADMINISTERED 153 PASSTHROUGH GRANTS TOTALING 1,833,759 FOR THE C&C HONOLULU MAYORS OFFICE OF CULTURE AND ARTS CARES ACT RECOVERY & RELIEF FUND PROGRAM. HCRC PROVIDES FREE FINANCIAL TECHNICAL ASSISTANCE AND TRAINING TO COMMUNITY BASED ORGANIZATIONS THROUGH INDIVIDUAL CONSULTATION, WEBINARS, AND CONVENINGS.Expenses $354,652 · revenue $165,886
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 99-0282148
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L800)
- Assets (IRS master file)
- $6,221,247
- Income (IRS master file)
- $859,691
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $859,691 | $459,216 | $6,221,247 | XML |
| 990 | December 2023 | $977,873 | $448,823 | $5,222,126 | XML |
| 990 | December 2022 | $403,580 | $325,677 | $3,723,033 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 99-0282148).
Questions about HAWAII COMMUNITY REINVESTMENT CORP
- What is the EIN of HAWAII COMMUNITY REINVESTMENT CORP?
- The employer identification number (EIN) of HAWAII COMMUNITY REINVESTMENT CORP is 99-0282148.
- Is HAWAII COMMUNITY REINVESTMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to HAWAII COMMUNITY REINVESTMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HAWAII COMMUNITY REINVESTMENT CORP 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 HAWAII COMMUNITY REINVESTMENT CORP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HAWAII COMMUNITY REINVESTMENT CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HAWAII COMMUNITY REINVESTMENT CORP?
- The 990 for the year ended December 31, 2024 names HEATHER PIPER.
- Who are the officers and directors of HAWAII COMMUNITY REINVESTMENT CORP?
- The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $169,993 (HEATHER PIPER, EXECUTIVE DI).
- How much revenue does HAWAII COMMUNITY REINVESTMENT CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $859,691, expenses of $459,216 and total assets of $6,221,247 at year end.
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