HHOC MORTGAGE

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

REINA MIYAMOTO

Phone

8085239500

Tax Period

2024-01-01 to 2024-12-31

HHOC MORTGAGE, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $886K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. The organization ran a surplus of $650K, a strong 73% operating margin.

Mission

TO ASSIST LOW TO MODERATE INCOME HOME BUYERS IN HAWAII WITH DOWN PAYMENT ASSISTANCE, AND AFFORDABLE FINANCING.

Program Service Accomplishments

Program 1

Expenses: $139,309 Revenue: $175,271

HHOC MORTGAGE (HHOCM) STRIVES TO SERVE ITS PRIMARY MISSION OF SERVING THE LOW/MODERATE INCOME, FIRST-TIME HOME BUYERS BY PROVIDING THEM WITH THE MOST AFFORDABLE FINANCING PROGRAM(S) AVAILABLE...

HHOC MORTGAGE (HHOCM) STRIVES TO SERVE ITS PRIMARY MISSION OF SERVING THE LOW/MODERATE INCOME, FIRST-TIME HOME BUYERS BY PROVIDING THEM WITH THE MOST AFFORDABLE FINANCING PROGRAM(S) AVAILABLE. ADDITIONALLY, HHOCM'S PURPOSE IS TO GENERATE EXCESS REVENUES TO ASSIST IN SUSTAINING ITS AFFILIATE, HAWAII HOMEOWNERSHIP CENTER.OUR PRIMARY PROGRAM SERVICE IS OFFERING FIRST MORTGAGES.OUR SECONDARY PROGRAM SERVICES IS PROVIDING DOWN PAYMENT ASSISTANCE LOANS (SECOND MORTGAGES) THROUGH OUR PORTFOLIO OR THROUGH ARRANGEMENT WITH PARTNERING CREDIT UNIONS.THE LAST PROGRAM SERVICE WE OFFER IS DEFERRED DOWN PAYMENT AND CLOSING COST LOANS BETWEEN $5,000-10,000 TO INCOME QUALIFIED, FIRST-TIME BUYERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $608,239

Program Service Revenue $186,521

Investment Income $91,288

Other Revenue $0

TOTAL REVENUE $886,048

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,135

Fundraising Expenses $0

Program Expenses $139,309

Other Expenses $153,822

TOTAL EXPENSES $235,957

Year-over-Year Comparison

	2024	2023	Change
Revenue	$886,048	$1,102,798	-0.2%
Expenses	$235,957	$241,575	0.0%
Net Income	$650,091	$861,223	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$114,154

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAWN ROBINSON NAYA	PRESIDENT	0.50	Officer Director	$0	$0	$0
MICHAEL MILLER	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
DANIEL COSTIGAN	TREASURER	0.25	Officer Director	$0	$0	$0
TRICIA FUJIKAWA LEE	SECRETARY	0.25	Officer Director	$0	$0	$0
ROBERT CHOW	DIRECTOR	0.25	Director	$0	$0	$0
GREG YOUNG	DIRECTOR	0.25	Director	$0	$0	$0
MARIAN GUSHIKEN	DIRECTOR	0.25	Director	$0	$0	$0
LEILANI TUITELE	DIRECTOR	0.25	Director	$0	$0	$0
WENDY ODO	DIRECTOR	0.25	Director	$0	$0	$0
GRANT CHUN	FORMER DIRECTOR	0.25	Director	$0	$0	$0
REINA MIYAMOTO	EXECUTIVE DIRECTOR	10.00	Officer	$0	$9,154	$114,154

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$886,048	$235,957	$5,760,272	$650,091
2023	$1,102,798	$241,575	$5,142,270	$861,223
2022	$303,213	$346,019	$4,421,266	$-42,806
2021	$1,549,187	$377,180	$4,492,707	$1,172,007
2020	$542,379	$412,145	$2,943,127	$130,234
2019	$706,092	$526,892	$2,855,409	$179,200
2018	$1,209,142	$361,350	$2,803,946	$847,792