2025-11-13T12:24:28-06:00 2024-12-31 990169131 N&K CPAS INC 999 BISHOP ST STE 2200 HONOLULU HI 96813 990 2024-01-01 990308739 MUTUAL HOUSING ASSOCIATION OF HAWAII MUTU 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 DAVID NAKAMURA 900 FORT STREET 1690 HONOLULU HI 96813 1618011 0 X WWW.MUTUAL-HOUSING.ORG X 1992 HI TO DEVELOP, OWN AND MANAGE MULTI-FAMILY RENTAL COMMUNITIES SERVING FAMILIES EARNING 20 TO 80 PERCENT OF MEDIAN INCOME. 7 7 4 0 0 0 360750 300500 986650 937917 216069 268604 212 110990 1563681 1618011 0 0 0 0 495918 443036 0 0 22151 636717 738946 1132635 1181982 431046 436029 15864969 17992460 64383 1631047 15800586 16361413 X THE MISSION OF THE ORGANIZATION (MHAH) IS TO DEVELOP, OWN AND MANAGE MULTI-FAMILY RENTAL COMMUNITIES SERVING FAMILIES EARNING 20 TO 80 PERCENT OF MEDIAN INCOME. MHAH 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 353261 937917 TO DEVELOP, OWN AND MANAGE SAFE, QUALITY, PERMANENTLY AFFORDABLE HOUSING FOR A GROWING SEGMENT OF THE POPULATION WHO CANNOT AFFORD A HOME. APPROXIMATELY 3,000 INDIVIDUALS BENEFITED. 353261 1 1 0 0 0 0 0 0 0 0 1 0 1 1 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 1 1 0 0 1 3 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 1 1 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 3.00 X X 0 0 0 AARIN GROSS VICE PRESIDENT 0.10 3.00 X X 0 0 0 DEBORA HALBERT SECRETARY 0.10 3.00 X X 0 0 0 RYAN ARFMAN TREASURER 0.10 3.00 X X 0 0 0 DOROTHY LETTS DIRECTOR 0.10 X 0 0 0 JANE SAWYER DIRECTOR 0.10 X 0 0 0 LYNN MCCRORY DIRECTOR 0.10 X 0 0 0 DAVID NAKAMURA EXECUTIVE DIRECTOR 55.00 3.00 X 220200 0 480 220200 0 480 1 0 1 0 0 300500 300500 ASSET MANAGEMENT FEES 532000 647699 647699 RENTAL INCOME 532000 290000 290000 INVESTMENT INCOME FROM 532000 218 218 937917 268604 268604 OTHER INCOME 900099 110990 110990 110990 1618011 937917 0 379594 220200 77070 132120 11010 156801 54880 94081 7840 15125 5294 9075 756 23454 8209 14072 1173 27456 9610 16474 1372 27891 27891 105415 105415 710 710 16873 16873 51225 51225 65600 65600 1184 1184 6004 6004 203123 203123 14087 14087 BAD DEBT EXPENSE 197198 197198 MISC PROGRAM EXPENSE 48636 48636 NEIGHBORWORKS WEEK 1000 1000 1181982 353261 806570 22151 639025 1897715 1654 16864 2766 2766 5665034 5210363 657794 454671 9925156 10397844 4638574 5222600 15864969 17992460 15051 568499 49332 1062548 64383 1631047 X 13770586 14331413 2030000 2030000 15800586 16361413 15864969 17992460 436029 124798 0 X X 0 1 X 1 1 1 X 910598 372005 358000 360750 300500 2301853 910598 372005 358000 360750 300500 2301853 2301853 33079 1978 24403 216069 268604 544133 1696 1921 212 110990 114819 2960805 3075624 0.77740 0.87430 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5414795 4961199 453596 250239 249164 1075 454671 INVESTMENT - AFFILIATES 10397844 C 10397844 DUE FROM AFFILIATES 2841581 DUE FROM KOOLOAULA 319685 RESTRICTED DEPOSITS 999074 LEASE - RIGHT OF USE ASSET 1062260 5222600 LEASES PAYABLE 1062548 1062548 X 1742809 124798 124798 1618011 0 1618011 1181982 0 1181982 0 1181982 PART X, LINE 2: SCHEDULE D, 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 AND KEKAULIKE COURTYARDS 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 211731 0 0 0 8469 0 0 0 480 0 220680 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B UPON COMPLETION, THE TAX RETURN IS FORWARDED TO THE EXECUTIVE DIRECTOR 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 AND WAS LAST REVIEWED IN 2024. DIRECTORS AND OFFICERS ARE TO SERVE WITHOUT COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 INSPECTION 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. LIHUE COURT TOWNHOMES CORPORATION 900 FORT STREET MALL SUITE 1690 HONOLULU HI 96813 311688648 AFFORDABLE RENTAL HOUSING HI 501(C)(3) 10 MUTUAL HOUSING ASSOCIATION OF HAWAII INC 1 KEKAULIKE COURTYARDS CORPORATION 900 FORT STREET MALL SUITE 1690 HONOLULU HI 96813 311688873 AFFORDABLE RENTAL HOUSING HI 501(C)(3) 10 MUTUAL HOUSING ASSOCIATION OF HAWAII INC 1 PONO HOUSING CORPORATION 900 FORT STREET MALL SUITE 1690 HONOLULU HI 96813 833776985 AFFORDABLE RENTAL HOUSING HI 501(C)(3) 10 MUTUAL HOUSING ASSOCIATION OF HAWAII INC 1 PALOLO HOMES II LIMITED PARTNERSHIP 900 FORT STREET MALL SUITE 1690 HONOLULU HI 96813 883469897 AFFORDABLE RENTAL HOUSING HI MUTUAL HOUSING ASSOCIATION OF HAWAII RELATED 15 3288 0 1 0.00010 PALOLO VALLEY HOMES LIMITED PARTNERSHIP 900 FORT STREET MALL SUITE 1690 HONOLULU HI 96813 990350158 AFFORDABLE RENTAL HOUSING HI MUTUAL HOUSING ASSOCIATION OF HAWAII RELATED 1627938 97236 0 1 0.01000 KULIA HOMES LIMITED PARTNERSHIP 900 FORT STREET MALL SUITE 1690 HONOLULU HI 96813 823527493 AFFORDABLE RENTAL HOUSING HI MUTUAL HOUSING ASSOCIATION OF HAWAII RELATED -80 4015 0 1 0.00010 KOOLOAULA LIMITED PARTNERSHIP 900 FORT STREET MALL SUITE 1690 HONOLULU HI 96813 262246491 AFFORDABLE HOUSING DEVELOPMENT HI MUTUAL HOUSING ASSOCIATION OF HAWAII RELATED -81 2631 0 1 0.00010 KOOLOAULA II LIMITED PARTNERSHIP 900 FORT STREET MALL SUITE 1690 HONOLULU HI 96813 462807303 AFFORDABLE HOUSING DEVELOPMENT HI MUTUAL HOUSING ASSOCIATION OF HAWAII RELATED -147 4287 0 1 0.00010 1 0 0 1 0 0 0 0 0 1 0 1 0 0 1 0 1 0 0 PALOLO VALLEY HOMES LIMITED PARTNERSHIP L 159500 AMOUNT PAID/ACCRUED LIHUE COURT TOWNHOMES CORPORATION L 66000 AMOUNT PAID/ACCRUED KOOLOAULA LIMITED PARTNERSHIP L 116441 AMOUNT PAID/ACCRUED KOOLOAULA II LIMITED PARTNERSHIP L 163127 AMOUNT PAID/ACCRUED PALOLO VALLEY HOMES LIMITED PARTNERSHIP J 208333 AMOUNT PAID/ACCRUED PALOLO HOMES II LIMITED PARTNERSHIP Q 98000 AMOUNT PAID/ACCRUED KULIA HOMES LIMITED PARTNERSHIP L 76812 AMOUNT PAID/ACCRUED