2025-11-13T14:46:35-06:00 2024-12-31 990169131 N&K CPAS INC 999 BISHOP ST STE 2200 HONOLULU HI 96813 990 2024-01-01 311688648 LIHUE COURT TOWNHOMES CORPORATION LIHU 8085500804 900 FORT STREET 1690 HONOLULU HI 96813 DAVID NAKAMURA EXECUTIVE DIRECTOR 8085500804 2025-11-07 1 0 MICHAEL I TANAKA P00412914 8085242255 2024 2025-03-06 01:10:19Z DEE DARBY 900 FORT STREET 1690 HONOLULU HI 96813 2129187 0 X WWW.MUTUAL-HOUSING.ORG X 2000 HI TO PROVIDE AFFORDABLE HOUSING. 4 4 11 10 0 0 0 0 1959923 2037955 29766 36124 50246 55108 2039935 2129187 0 0 0 0 592775 575210 0 0 0 1308472 1498836 1901247 2074046 138688 55141 6617397 6430051 10959011 10700973 -4341614 -4270922 X THE MISSION IS TO DEVELOP, OWN AND MANAGE MULTI-FAMILY RENTAL COMMUNITIES SERVING FAMILIES EARNING 20 TO 80 PERCENT OF MEDIAN INCOME. THE ORGANIZATION WILL ASSIST ITS TARGET FAMILIES TO BECOME MORE SELF SUFFICIENT THROUGH THE PROVISION OF AFFORDABLE RENTAL HOUSING, SUPPORT FOR ECONOMIC DEVELOPMENT ACTIVITIES AND SUPPORTIVE SERVICES AIMED AT ASSISTING RESIDENTS TO BUILD ASSETS, EARN INCOME AND IMPROVE THE QUALITY OF FAMILY LIFE AND THE ECONOMIC VITALITY OF THE SURROUNDING COMMUNITY. 0 0 2008046 2090195 TO DEVELOP, OWN AND MANAGE SAFE, QUALITY, PERMANENTLY AFFORDABLE HOUSING FOR A GROWING SEGMENT OF THE POPULATION WHICH CAN NO LONGER AFFORD A HOME. APPROXIMATELY 425 INDIVIDUALS BENEFITED. 2008046 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 11 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X DAVID NAKAMURA 8085500804 900 FORT STREET SUITE 1690 HONOLULU HI 96813 DEE DARBY PRESIDENT 0.10 0.10 X X 0 0 0 AARIN GROSS VICE PRESIDENT 0.10 0.10 X X 0 0 0 DEBORA HALBERT SECRETARY 0.10 0.10 X X 0 0 0 RYAN ARFMAN TREASURER 0.10 0.10 X X 0 0 0 DAVID NAKAMURA EXECUTIVE DIRECTOR 1.50 55.00 X 0 220200 480 0 220200 480 0 0 1 0 0 RENTAL INCOME 532000 2037955 2037955 2037955 36124 36124 INCIDENTAL PROGRAM INC 532000 52240 52240 OTHER INCOME 900099 2868 2868 55108 2129187 2090195 0 38992 479013 479013 12028 12028 45409 45409 38760 38760 66000 66000 1049 1049 39680 39680 210 210 12302 12302 660547 660547 588 588 188 188 298721 298721 17738 17738 REPAIRS & MAINTENANCE 383753 383753 MEMBERSHIP DUES 5935 5935 CREDIT & BACKGROUND CHE 5186 5186 6939 6939 2074046 2008046 66000 0 755866 730230 3250 5184 8298 96044 11639815 6043675 5847380 5596140 2603 2453 6617397 6430051 1590097 1660867 6301500 6143522 3067414 2896584 10959011 10700973 X -5053114 -4270922 711500 0 -4341614 -4270922 6617397 6430051 55141 15551 0 X X 0 1 X 1 1 1 X 114811 114811 1708942 1697670 1818091 1959923 2037955 9222581 1823753 1697670 1818091 1959923 2037955 9337392 0 0 0 9337392 2756 92 4677 29766 36124 73415 2756 92 4677 29766 36124 73415 35728 54382 52856 50246 55108 248320 1862237 1752144 1875624 2039935 2129187 9659127 0.96670 0.96790 0.00760 0.00490 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: INCIDENTAL PROGRAM INCOME OTHER 2536950 2536950 3821315 2245794 1575521 4572613 3168499 1404114 708937 629382 79555 5596140 DUE TO AFFILIATE 2706801 TENANT DEPOSITS 176845 PREPAID RENT 12938 2896584 X 2129187 0 2129187 0 2129187 2074046 0 2074046 0 2074046 PART X, LINE 2: THE BELOW NOTE DISCLOSURE IS FROM THE AUDITED FINANCIAL STATEMENTS OF MUTUAL HOUSING ASSOCIATION OF HAWAII, INC. (EIN: 99-0308739) WHICH INCLUDES THE FINANCIAL INFORMATION OF LIHUE COURT TOWNHOMES CORPORATION. MHAH AND AFFILIATES ARE RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MHAH AND AFFILIATES ARE NOT SUBJECT TO INCOME TAXES IN THE U.S. FEDERAL JURISDICTION AND THE STATE. 0 0 0 0 0 0 0 0 0 DAVID NAKAMURA EXECUTIVE DIRECTOR 0 211731 0 0 0 8469 0 0 0 480 0 220680 0 0 FORM 990, PART VI, SECTION B, LINE 11B UPON COMPLETION, THE TAX RETURN IS FORWARDED TO THE EXECUTIVE DIRECTOR OF MUTUAL HOUSING ASSOCIATION OF HAWAII, INC. (PARENT ORGANIZATION) WHO REVIEWS THE RETURN PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY COVERS ANY DIRECTOR, PRINCIPAL OFFICER OR MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS (INTERESTED PERSON). ALL INTERESTED PERSONS MUST DISCLOSE THE EXISTENCE AND NATURE OF HIS/HER FINANCIAL INTEREST AND MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS CONSIDERING THE PROPOSED TRANSACTION OR UNDERTAKING. AFTER THE DISCLOSURE, THE BOARD OR COMMITTEE SHALL DISCUSS AND VOTE UPON THE DETERMINATION OF A CONFLICT OF INTEREST. THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF NONE IS ATTAINABLE THE BOARD OR COMMITTEE SHALL DETERMINE BY MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION IS FAIR, REASONABLE AND IN THE ORGANIZATION'S BEST INTEREST. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL SIGN AN ANNUAL STATEMENT REGARDING THE ABOVE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION AMOUNTS ARE DETERMINED BY THE REVIEW OF PERFORMANCE MEASURES AS WELL AS THROUGH THE COMPARISON OF MARKET WAGES FOR SIMILAR POSITIONS IN OTHER ORGANIZATIONS. THIS PROCESS IS UTILIZED FOR THE EXECUTIVE DIRECTOR AND ADMINISTRATOR POSITIONS OF MUTUAL HOUSING ASSOCIATION OF HAWAII, INC. AND WAS LAST REVIEWED IN 2018. DIRECTORS AND OFFICERS ARE TO SERVE WITHOUT COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 INSPECTION IS AVAILABLE AT THE CENTRAL OFFICE OF MUTUAL HOUSING ASSOCIATION OF HAWAII, INC. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. MUTUAL HOUSING ASSOCIATION OF HAWAII INC 900 FORT STREET SUITE 1690 HONOLULU HI 96813 990308739 AFFORDABLE RENTAL HOUSING HI 501(C)(3) 7 N/A 0 KEKAULIKE COURTYARDS CORPORATION 900 FORT STREET SUITE 1690 HONOLULU HI 96813 311688873 AFFORDABLE RENTAL HOUSING HI 501(C)(3) 10 MUTUAL HOUSING ASSOCIATION OF HAWAII INC 0 PONO HOUSING CORPORATION 900 FORT STREET SUITE 1690 HONOLULU HI 96813 833776985 AFFORDABLE RENTAL HOUSING HI 501(C)(3) 10 MUTUAL HOUSING ASSOCIATION OF HAWAII INC 0 PALOLO VALLEY HOMES LIMITED PARTNERSHIP 900 FORT STREET SUITE 1690 HONOLULU HI 96813 990350158 AFFORDABLE RENTAL HOUSING HI N/A N/A 0 0 KOOLOAULA LIMITED PARTNERSHIP 900 FORT STREET SUITE 1690 HONOLULU HI 96813 262246491 AFFORDABLE HOUSING DEVELOPMENT HI N/A N/A 0 0 KOOLOAULA II LIMITED PARTNERSHIP 900 FORT STREET SUITE 1690 HONOLULU HI 96813 462807303 AFFORDABLE HOUSING DEVELOPMENT HI N/A N/A 0 0 KULIA HOMES LIMITED PARTNERSHIP 900 FORT STREET SUITE 1690 HONOLULU HI 96813 823527493 AFFORDABLE HOUSING DEVELOPMENT HI N/A N/A 0 0 PALOLO HOMES II LIMITED PARTNERSHIP 900 FORT STREET SUITE 1690 HONOLULU HI 96813 883469897 AFFORDABLE HOUSING DEVELOPMENT HI N/A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0