HAWAII HOMEOWNERSHIP CENTER (EIN 680544935) - Form 990 Financial Analysis & Trantor Score

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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

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

THE HAWAII HOMEOWNERSHIP CENTER WILL PROVIDE EDUCATION, INFORMATION AND SUPPORT TO CREATE SUCCESSFUL FIRST-TIME HOMEOWNERS IN HAWAII. BY ADDRESSING BARRIERS AND INCREASING RATES OF HOME OWNERSHIP, THE HOMEOWNERSHIP CENTER AIMS TO BUILD STRONGER FAMILIES AND COMMUNITIES THROUGHOUT THE STATE OF HAWAII.

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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 $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

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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

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

HAWAII HOMEOWNERSHIP CENTER