2024-11-07T16:03:15-06:00 2023-12-31 593783195 TAKETA IWATA HARA & ASSOCIATES LLC 101 AUPUNI STREET SUITE 139 HILO HI 96720 990 2023-01-01 990253076 HAWAII ISLAND COMMUNITY DEVELOPMENT CORPORATION HAWA 8089691158 100 PAUAHI STREET 201 HILO HI 96720 NANCY CRAWFORD PRESIDENT 8089691158 2024-11-01 0 NATHAN COLGROVE P00283739 8089355404 2024-11-01 2023 2024-10-15 13:58:12Z NANCY CRAWFORD 100 PAUAHI STREET STE 201 HILO HI 96720 2216497 0 X N/A X 1986 HI HAWAII ISLAND COMMUNITY DEVELOPMENT CORPORATION WAS ESTABLISHED ON JULY 7, 1986, TO PROVIDE FAMILIES WITH LOW AND MODERATE INCOME WITH ADEQUATE HOUSING AND TO ACQUIRE, CONSTRUCT AND PROVIDE HOUSING RELATED ACTIVITIES. 6 6 9 0 0 0 0 1010000 852144 1104428 1706 69219 311789 32850 1165639 2216497 0 0 0 0 775006 897757 0 0 0 403583 392110 1178589 1289867 -12950 926630 37304021 43362369 25032967 30164685 12271054 13197684 HAWAII ISLAND COMMUNITY DEVELOPMENT CORPORATION WAS ESTABLISHED ON JULY 7, 1986, TO PROVIDE FAMILIES WITH LOW AND MODERATE INCOME WITH ADEQUATE HOUSING AND TO ACQUIRE, CONSTRUCT AND PROVIDE HOUSING RELATED ACTIVITIES. 0 0 1189280 1137278 HICDC HAS BEEN DEVELOPING SELF-HELP HOUSING SINCE 1992. THROUGH 2023, HICDC COMPLETED 391 HOMES FOR LOW-INCOME FAMILIES, ALMOST ALL OF WHICH ARE ON THE ISLAND OF HAWAII. HICDC ALSO WORKED WITH FAMILIES TO CLOSE 12 USDA RURAL DEVELOPMENT SECTION 502 DIRECT LOANS FOR THE HPP8 AND AINALOA PHASES 1-2 PROJECTS. HICDC HAS DEVELOPED 11 SENIOR HOUSING PROJECTS FOR LOW INCOME RESIDENTS ON THE ISLAND OF HAWAII. THESE 11 PROJECTS HAVE A TOTAL OF 411 UNITS ALL OF WHICH HAVE FEDERAL RENTAL ASSISTANCE. AS OF DECEMBER 31, 2023, OTHER PROJECTS THAT WERE IN THE PIPELINE INCLUDE THE 100 UNIT KALOKO HEIGHTS APARTMENT PROJECT FOR LOW INCOME FAMILIES, AND HALE OLA O MOHOULI, A 90 UNIT RENTAL PROJECT IN HILO. IN ADDITION, HICDC IS ASSISTING OTHER NON-PROFIT ORGANIZATIONS IN DEVELOPING A SENIOR RENTAL PROJECT IN PAHOA, AND THE COUNTY OF HAWAII KUKUIOLA TRANSITIONAL HOUSING PROJECT IN KONA. FROM 1996 THROUGH 2018, HICDC HAS DEVELOPED SEVEN SUBDIVISIONS FOR A TOTAL OF 174 LOTS. HICDC ALSO DEVELOPED THE HARRY AND JEANETTE WEINBERG ADULT DAY CENTER IN HILO FOR THE HAWAII ISLAND ADULT CARE AGENCY IN 2018. 1189280 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 24 0 1 9 1 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X HAWAII ISLAND COMMUNITY DEVELOPMENT CORP 8089691158 101 PAUAHI STREET STE 201 HILO HI 96720 X GUIDO GIACOMETTI DIRECTOR 1.00 1.00 X 0 0 0 JOHN RAY VICE PRESIDENT 1.00 1.00 X X 0 0 0 NANCY CRAWFORD PRESIDENT 1.00 1.00 X X 0 0 0 ROSS WILSON DIRECTOR 1.00 1.00 X 0 0 0 VIRGINIA GOLDSTEIN SECRETARY/TREASURER 1.00 1.00 X X 0 0 0 RICHARD HA DIRECTOR 1.00 1.00 X 0 0 0 KEITH KATO EXECUTIVE DIRECTOR 20.00 20.00 X 55208 133900 2208 JEREMY MCCOMBER CHIEF OF OPERATIONS 40.00 X 125842 0 5101 JAN MAKANANI CHIEF FINANCIAL OFFICER 30.00 10.00 X 95348 28915 3862 276398 162815 11171 1 0 1 0 0 1010000 1010000 ELDERLY PROJECTS SERVI 623990 462159 462159 TECHNICAL ASSISTANCE U 623990 374790 374790 ELDERLY & OTHER PROJEC 623990 267479 267479 1104428 69219 69219 32850 0 32850 32850 32850 2216497 1137278 0 69219 276398 248758 27640 433831 390448 43383 28409 25568 2841 105316 94784 10532 53803 48423 5380 100450 100450 14840 13357 1483 31121 28009 3112 8698 7828 870 132297 132297 29208 26287 2921 PROJECT EXENSES 37782 37782 OTHER 13465 13465 PROFESSIONAL FEES 10969 9872 1097 EQUIPMENT RENTAL & MAIN 9909 8918 991 3371 3034 337 1289867 1189280 100587 0 607512 862102 616329 3364508 11470 0 3030260 976392 19161526 19840735 10283 12593 15716027 655373 11662157 15060654 2200774 3241675 3710 3710 37304021 43362369 166164 3474721 1181715 2212221 22397648 23168071 1287440 1309672 25032967 30164685 X 12271054 13197684 12271054 13197684 37304021 43362369 926630 0 X X 0 1 X 1 1 1 X 20000 466700 739010 325190 1384790 2935690 765093 329174 416563 526954 729638 2767422 785093 795874 1155573 852144 2114428 5703112 0 0 0 5703112 17859 8621 3170 1706 69219 100575 17859 8621 3170 1706 69219 100575 29187 38535 69766 311789 32850 482127 832139 843030 1228509 1165639 2216497 6285814 0.90730 0.92690 0.01600 0.00770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 6244848 6244848 8599294 529188 8070106 120256 120256 0 751629 5929 745700 15060654 CD'S AND MONEY MARKET 3241675 F 3241675 SELF-HELP PARTICIPANT'S TRUST FUND 120711 OTHER LIABILITIES 1188961 1309672 X 2216497 0 2216497 0 2216497 1289867 0 1289867 0 1289867 PART X, LINE 2: HICDC IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 C 3 OF THE INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THEY ARE MORE LIKELY THAN NOT TO FAIL UPON REGULATORY EXAMINATION. MANAGEMENT HAS EVALUATED THE TAX POSITION AS OF DECEMBER 31, 2023, AND FOR THE YEAR THEN ENDED BY REVIEWING ITS INCOME TAX RETURNS AND CONFERRING WITH ITS TAX ADVISORS, AND DETERMINE THAT HICDC HAD NO UNCERTAIN TAX POSITIONS REQUIRED TO BE REPORTED IN ACCORDANCE WITH SUCH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. 1 0 0 0 0 0 0 0 0 0 KEITH KATO EXECUTIVE DIRECTOR 55208 133900 0 0 0 0 0 0 0 0 55208 133900 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990, PART VI, SECTION B, LINE 11A: THE AUDIT COMMITTE REVIEWS THE 990 ALONG WITH THE EXECUTIVE DIRECTOR AND THE BUSINESS MANAGER. AFTER THE REVIEW, THE 990 IS PRESENTED TO THE ENTIRE BOARD OF DIRECTORS FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C HICDC REQUIRES ALL EMPLOYEES TO READ THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS, AND SIGN A WRITTEN ACKNOWLEDGEMENT WHICH IS FILED IN THEIR PERSONNEL FILE. FORM 990, PART VI, SECTION B, LINE 15 SECTION B, LINE 15B: THE BOARD OF DIRECTORS REQUIRES THE USE OF SAFE HARBOR GUIDELINES AS SET FORTH BY THE INTERNAL REVENUE SERVICE. SPECIFICALLY, HICDC OBTAINS COMPENSATION OF EXECUTIVE PERSONNEL FROM COMPARABLE ORGANIZATIONS IN THE NOT-FOR-PROFIT SECTOR. COMPENSATION MAY BE DETERMINED ON A PERFORMANCE BASIS AND CAN BE SUBJECT TO REASONABLE LIMITS AS DETERMINED BY A REVIEW OF SIMILAR ORGANIZATIONS. THE BOARD OF DIRECTORS HAS THE FINAL APPROVAL FOR ALL EXECUTIVE AND MANAGEMENT COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, SUCH AS THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS, ARE MADE AVAILABLE TO THE PUBLIC BY REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGEED ITS OVERSIGHT PROCESS OR SELECTION PROCESS MOHOULI COMMUNITY DEVELOPMENT LLC A HAWAII LIMITED LIABILITY CO 100 PAUAHI STREET STE 201 HILO HI 96720 831378460 PROMOTO LOW AND MODERATE INCOME HOUSING HI 30130 3313 HAWAII ISLAND COMMUNITY DEVELOPMENT CORP HAWAII COMMUNITY BUILDERS 100 PAUAHI STREET STE 201 HILO HI 96720 300092836 DEVELOP LOW AND MODERATE INCOME HOUSING HI 501(C)(3) ACTIVE HAWAII ISLAND COMMUNITY 1 HUALALAI ELDERLY HOUSING LP 100 PAUAHI STREET STE 201 HILO HI 96720 943260639 ELDERLY HOUSING HI N/A RELATED 42618 2873 0 1 0.00100 HUALALAI ELDERLY HOUSING PHASE 2 LP 100 PAUAHI STREET STE 201 HILO HI 96720 990347598 ELDERLY HOUSING HI N/A RELATED 20490 4160 0 1 0.00100 HUALALAI ELDERLY HOUSING PHASE 3 LP 100 PAUAHI STREET STE 201 HILO HI 96720 200756071 ELDERLY HOUSING HI N/A RELATED 53763 602 0 1 0.00010 KAMUELA SENIOR HOUSING LP 100 PAUAHI STREET STE 201 HILO HI 96720 990355479 ELDERLY HOUSING HI N/A RELATED 53544 475 0 1 0.00010 2020 KINOOLE LP 100 PAUAHI STREET STE 201 HILO HI 96720 200756082 ELDERLY HOUSING HI N/A RELATED -537661 591 0 1 0.00010 AINAKEA SENIOR RESIDENCES LLLP 100 PAUAHI STREET STE 201 HILO HI 96720 260165242 ELDERLY HOUSING HI N/A RELATED 50087 580 0 1 0.00010 MOHOULI SENIOR PHASE 2 LLLP 100 PAUAHI STREET STE 201 HILO HI 96720 812555814 ELDERLY HOUSING HI N/A RELATED 29811 992 0 1 0.00010 KALOKO HEIGHTS AFFORDABLE HOUSING LLLP 100 PAUAHI STREET STE 201 HILO HI 96720 822910778 AFFORDABLE HOUSING HI N/A RELATED 7 0 1 HALE OLA O MOHOULI LLLP 100 PAUAHI STREET STE 201 HILO HI 96720 862302325 ELDERLY HOUSING HI N/A RELATED 1576 0 1 0.01000 HOME CORPORATION 100 PAUAHI STREET STE 201 HILO HI 96720 990335098 LOW INCOME ELDERLY HOUSING DEVELOPMENT HI YES C 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 KAMULEA SENIOR HOUSING LP D 766692 ACTUAL HUALALAI ELDERLY HOUSING LIMITED D 110743 ACTUAL HUALALAI ELDERLY HOUSING PHASE 2 LP D 130544 ACTUAL HUALALAI ELDERLY HOUSING PHASE 3 LP D 911341 ACTUAL 2020 KINOOLE LP D 3886367 ACTUAL AINAKEA SENIOR RESIDENCES LLLP D 949862 ACTUAL MOHOULI SENIOR PROJECT PHASE 1 D 594441 ACTUAL MOHOULI SENIOR PROJECT PHASE 2 D 699699 ACTUAL MOHOULI SENIOR PROJECT PHASE 2 D 2154702 ACTUAL