HAWAII HOMEOWNERSHIP CENTER

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

REINA MIYAMOTO

Phone

8085239500

Tax Period

2024-01-01 to 2024-12-31

HAWAII HOMEOWNERSHIP CENTER, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $989K in total revenue in fiscal year 2024. Expenses of $891K left a modest 10% surplus.

Mission

CREATE SUCCESSFUL HOMEOWNERS BY PROVIDING CLASSES AND HOMEOWNERSHIP COACHING TO PREPARE FOR THE PURCHASE PROCESS AND HAVE ACCESS TO BUYER RESOURCES. POST-PURCHASE SUPPORT IS AVALIABLE TO HAVE A RESOURCE TO ADDRESS CONCERS AS A HOMEOWNER. THOSE SERVED INCLUDE LOW-MODERATE INCOME INDIVIDUALS & FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $669,665 Revenue: $35,658

TO PROVIDE INFORMATION, EDUCATION, AND SUPPORT TO LOW TO MODERATE INCOME PERSONS AND FAMILIES IN ORDER TO CREATE SUCCESSFUL FIRST-TIME HOME OWNERS IN THE STATE. CLASSES, HOMEOWNERSHIP COACHING, AND POST-PURCHASE SERVICES ARE PROVIDED TO FULFILL THIS MISSION.FORECLOSURE PREVENTION AND RENTAL COUNSELING WAS AVAILABLE FOR DISTRESSED OWNERS AND RENTERS TO DISCUSS THEIR HOUSING CONCERNS. COUNSELING SESSIONS FOCUSED ON HOME RETENTION UNLESS OTHERWISE SPECIFIED BY THE CLIENT. HHOC CONTINUED ITS MODIFIED VERSION OF THE PROGRAM PROPOSED TO ALOHA UNITED WAY TO SUPPORT DEVELOPING FINANCIAL LITERACY SKILLS IN THE ALICE (ASSET LIMITED, INCOME CONSTRAINED, EMPLOYED) POPULATION. THE FINANCIAL CAPABILITIES PILOT PROGRAM TESTED WHAT WE THOUGHT COULD BE A SCALABLE PROGRAM MODEL OF INSTILLING POSITIVE FINANCIAL HABITS IN THE POPULATION THAT WAS 80% OR BELOW THE AREA MEDIAN INCOME. WE PROVIDED AN ONLINE MONEY MANAGEMENT WORKSHOP AND A FINANCIAL INCENTIVE (UP TO $350 SAVINGS MATCH) TO REWARD THOSE WHO SAVED AND SUBMITTED A BUDGET FOR 6 CONSECUTIVE MONTHS. THE PROGRAM WAS EXPANDED TO HSTA MEMBERS THROUGH SUPPORT FROM NAREIT HAWAII RECEIVED IN 2020.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $882,170

Program Service Revenue $35,658

Investment Income $97,135

Other Revenue $-25,614

TOTAL REVENUE $989,349

Expense Breakdown

Grants Paid $176,850

Salaries & Benefits $439,332

Fundraising Expenses $70,618

Program Expenses $669,665

Other Expenses $275,170

TOTAL EXPENSES $891,352

Year-over-Year Comparison

	2024	2023	Change
Revenue	$989,349	$985,938	+0.0%
Expenses	$891,352	$955,880	-0.1%
Net Income	$97,997	$30,058	+2.3%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

Volunteers

111

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
RUSTY RASMUSSEN	CHAIR	0.75	Officer Director	$0	$0	$0
DEBRA LUNING	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KARL YONESHIGE	TREASURER	0.50	Officer Director	$0	$0	$0
JACKYE CHAI	SECRETARY	0.50	Officer Director	$0	$0	$0
CAROL MARX	BOARD MEMBER	0.50	Director	$0	$0	$0
JUN YANG	BOARD MEMBER	0.25	Director	$0	$0	$0
BRANDON LAU	BOARD MEMBER	0.25	Director	$0	$0	$0
GARY KAI	BOARD MEMBER	0.25	Director	$0	$0	$0
SHARILYN TANAKA	BOARD MEMBER	0.75	Director	$0	$0	$0
KEITH KATO	BOARD MEMBER	0.25	Director	$0	$0	$0
MAY NISHIJIMA	BOARD MEMBER	0.50	Director	$0	$0	$0
PATRICK BULLARD	BOARD MEMBER	0.50	Director	$0	$0	$0
TESS SHIMABUKURO	BOARD MEMBER	0.25	Director	$0	$0	$0
DANIEL FONG	BOARD MEMBER	0.50	Director	$0	$0	$0
GREG YOUNG	BOARD MEMBER	0.25	Director	$0	$0	$0
BRYCE TANI	BOARD MEMBER	0.25	Director	$0	$0	$0
JEFFREY TSUTSUSE	BOARD MEMBER	0.25	Director	$0	$0	$0
CALVIN MANN	BOARD MEMBER	0.25	Director	$0	$0	$0
KYLE WEIGHNER	BOARD MEMBER	0.25	Director	$0	$0	$0
GRANT CHUN	FORMER BOARD MEMBER	0.25	Director	$0	$0	$0
REINA MIYAMOTO	EXECUTIVE DIRECTOR	28.75	Officer	$105,000	$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	$989,349	$891,352	$2,442,512	$97,997
2023	$985,938	$955,880	$2,255,962	$30,058
2022	$754,875	$624,024	$2,252,302	$130,851
2021	$709,797	$690,977	$2,087,274	$18,820
2020	$792,936	$650,939	$2,062,172	$141,997
2019	$821,334	$705,186	$1,894,472	$116,148
2018	$886,551	$837,089	$1,825,613	$49,462