Housing Solutions Incorporated
- Assets
- $18.3m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 35
- Location
- Honolulu, HI
- Founding
- 02/1992
- Data as of
- 06/2021
- EIN
- 99-0253665
Organization Overview
Housing Solutions Incorporated is located in Honolulu, HI. The organization was established in 1992. 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, Housing Solutions Incorporated employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Solutions Incorporated 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, Housing Solutions Incorporated generated $5.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $3.8m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP AND MANAGE TRANSITIONAL AND LONG-TERM AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
TRANSITIONAL HOUSING - INCLUDES SEAWIND & LOLIANA APARTMENTS, VANCOUVER HOUSE, KULAOKAHUA, AND EDWIN THOMAS HOME THAT PROVIDE TEMPORARY AND TRANSITIONAL HOUSING FACILITIES FOR FAMILIES, SINGLE PERSONS AND THE ELDERLY WHO ARE HOMELESS AND IN NEED OF SHELTER AND SUPPORT. APPROXIMATELY 378 PERSONS SERVED.
PERMANENT HOUSING - INCLUDES SEA WIND APARTMENTS & WEINBERG HALE, APARTMENT BUILDINGS DEVELOPED AND PURCHASED BY THE ORGANIZATION TO PROVIDE LONGTERM, AFFORDABLE RENTAL HOUSING FOR LOW-INCOME PERSONS. ALSO INCLUDES THE ISLAND WEST APARTMENTS FOR WHICH THE ORGANIZATION PROVIDES BUILDING AND PROGRAM MANAGEMENT SERVICES. SERVED APPROXIMATELY 889 PERSONS.
RAPID REHOUSING PROGRAM - ADMINISTRATION SERVICES AND PAYMENT OF RENT, UTILITIES, SECURITY DEPOSITS AND LANDLORD INCENTIVES FOR RAPID REHOUSING OF HOUSEHOLDS. SERVED 68 HOUSEHOLDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Brooks Past-President / Asst Director | 40 | $191,750 | |
Gaye Johnston President | Officer | 40 | $180,409 |
Lisa Lo Director Of Admin | 40 | $135,618 | |
Roger Lyons Vice Chair | OfficerTrustee | 1 | $0 |
Michael Curtis Chair | OfficerTrustee | 1 | $0 |
Andrew Rosen Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
B-clean Janitorial & Maintenance Svc Janitorial | 6/29/18 | $122,749 |
Dumore Construction Construction | 6/29/18 | $108,040 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,280,535 |
| 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 | $3,280,535 |
| Total Program Service Revenue | $2,368,525 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,662,094 |
| 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. | $380,609 |
| Compensation of current officers, directors, key employees. | $105,734 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $610,017 |
| Pension plan accruals and contributions | $14,700 |
| Other employee benefits | $74,373 |
| Payroll taxes | $75,811 |
| Fees for services: Management | $42,000 |
| 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 | $54,175 |
| Advertising and promotion | $0 |
| Office expenses | $26,613 |
| Information technology | $17,049 |
| Royalties | $0 |
| Occupancy | $960,234 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $96,882 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $773,099 |
| Insurance | $133,450 |
| All other expenses | $24,456 |
| Total functional expenses | $3,838,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $561,961 |
| Savings and temporary cash investments | $188,771 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $743,963 |
| 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 | $49,570 |
| Net Land, buildings, and equipment | $15,515,378 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $26,271 |
| Other assets | $1,205,526 |
| Total assets | $18,291,440 |
| Accounts payable and accrued expenses | $622,429 |
| 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 | $2,962,773 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $771,372 |
| Total liabilities | $4,356,574 |
| Net assets without donor restrictions | $13,839,589 |
| Net assets with donor restrictions | $95,277 |
| 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 | $18,291,440 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Housing Solutions Incorporated has recieved totaling $25,644.
| Awarding Organization | Amount |
|---|---|
Aloha Harvest Honolulu, HI PURPOSE: FIGHT HUNGER | $25,644 |
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 |