Pacific Housing Assistance Corp
- Assets
- $41.3m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Honolulu, HI
- Founding
- 12/1980
- Data as of
- 06/2021
- EIN
- 99-0199316
Organization Overview
Pacific Housing Assistance Corp is located in Honolulu, HI. The organization was established in 1980. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Pacific Housing Assistance Corp employed 4 individuals. This organization is the central organization for a national or regional group of organizations. Pacific Housing Assistance Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Pacific Housing Assistance Corp generated $2.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $3.0m during the year ending 06/2021. While expenses have increased by 9.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONDUCTS VARIOUS DEVELOPMENT & RESEARCH ACTIVITIES IN THE AREA OF HOUSING FOR LOW AND MODERATE INCOME FAMILIES AND PROVIDES AFFORDABLE HOUSING TO LOW INCOME FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marvin Awaya Assistant Secretary/exec. Thru 10/20 | OfficerTrustee | 40 | $281,715 |
Audrey Awaya Assistant Secretary - Post A/o 10/20 | Officer | 40 | $118,370 |
Amy Hirano Director | OfficerTrustee | 1 | $0 |
Daniel Ishii President | OfficerTrustee | 1 | $0 |
Gwen Hiraga Secretary | OfficerTrustee | 1 | $0 |
Tony Mizuno Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,175,669 |
| Investment income | $3,289 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$359 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,319,247 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $282,777 |
| Compensation of current officers, directors, key employees. | $136,034 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $561,901 |
| Pension plan accruals and contributions | $9,717 |
| Other employee benefits | $44,691 |
| Payroll taxes | $54,052 |
| Fees for services: Management | $271,656 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,290 |
| Advertising and promotion | $0 |
| Office expenses | $17,983 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $75,431 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $711,718 |
| Insurance | $27,826 |
| All other expenses | $2,036 |
| Total functional expenses | $2,955,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,611 |
| Savings and temporary cash investments | $4,372,093 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,334,453 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,653 |
| Net Land, buildings, and equipment | $13,855,627 |
| Investments—publicly traded securities | $23,828 |
| Investments—other securities | $0 |
| Investments—program-related | $16,935,070 |
| Intangible assets | $0 |
| Other assets | $4,563,942 |
| Total assets | $41,328,277 |
| Accounts payable and accrued expenses | $823,133 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $15,383,117 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $138,812 |
| Total liabilities | $16,345,062 |
| Net assets without donor restrictions | $24,983,215 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $41,328,277 |
Grants Awarded
Over the last fiscal year, Pacific Housing Assistance Corp has awarded $132,691 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SENIOR RESIDENCE AT IWILEI LP PURPOSE: FOR THE DESIGN, DEVELOPMENT, AND CONSTRUCTION OF THE ADULT DAY CARE CENTER AT IWILEI. | $112,592 |
Honolulu, HI PURPOSE: FOR THE OPERATING EXPENSES OF THE LOW INCOME HOUSING FOR THE ELDERLY. | $10,089 |
Honolulu, HI PURPOSE: FOR THE OPERATING EXPENSES OF THE LOW INCOME HOUSING FOR THE ELDERLY. | $10,010 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eden Investments Inc Hayward, CA | $35,016,313 | $30,534,205 |
Turk Street Inc San Francisco, CA | $36,581,577 | $10,576,295 |
A Community Of Friends Los Angeles, CA | $60,441,352 | $19,454,068 |
Abode Communities Los Angeles, CA | $48,420,643 | $18,096,266 |
Vista Del Monte Affordable Housing Inc Keene, CA | $19,598,964 | $14,888,615 |
Rubicon Programs Inc Richmond, CA | $13,905,498 | $18,401,820 |
Sacramento Self-Help Housing Inc Sacramento, CA | $3,575,796 | $15,208,752 |
The Mortgage Capital Development Company Oakland, CA | $77,426,961 | $21,275,511 |
Century Housing Corporation Culver City, CA | $579,661,365 | $33,491,484 |
Linc Housing Corporation Long Beach, CA | $238,297,567 | $22,614,981 |
Millennium Housing Of California Costa Mesa, CA | $117,315,264 | $14,833,102 |
Ltsc Community Development Corporation Los Angeles, CA | $47,200,516 | $15,469,523 |