Civic Intelligence

Hedco Local Development Corporation

EIN 99-0210565 • 501(c)6 • Honolulu, HI

Profile

Promote and assist the growth and development of small business

222 S Vineyard Street Ph-1Honolulu, HI 96813-2456

www.hedcoldc.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

14th percentile

0.01x

Higher debt load relative to assets than 14% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

19th percentile

0.07x

Higher debt load relative to revenue than 19% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2025

Net Margin

84th percentile

20%

Higher net margin than 84% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

35th percentile

$217,632

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 18.3% of source-year revenue.

501(c)6 • $5M-$10M nonprofits • Source year 2025

Asset Growth

46th percentile

4.1%

Faster asset growth than 46% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

24th percentile

-2.1%

Faster revenue growth than 24% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Up

$5,236,633

Up $232,354 (+4.6%) from 2023

Liabilities

Down

$101,110

Down $11,819 (-10%) from 2023

Net Assets

Up

$5,135,523

Up $244,173 (+5.0%) from 2023

Revenue

Up

$1,213,069

Up $14,772 (+1.2%) from 2023

Expenses

Down

$968,896

Down $4,805 (-0.5%) from 2023

Net Income

Up

$244,173

Up $19,577 (+8.7%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $2,448,418Liabilities 2010: $60,815Net Assets 2010: $2,387,6032010Assets 2011: $2,809,484Liabilities 2011: $157,164Net Assets 2011: $2,652,3202011Assets 2012: $2,978,291Liabilities 2012: $257,644Net Assets 2012: $2,720,6472012Assets 2013: $3,118,663Liabilities 2013: $234,343Net Assets 2013: $2,884,3202013Assets 2014: $3,342,147Liabilities 2014: $244,428Net Assets 2014: $3,097,7192014Assets 2015: $3,595,295Liabilities 2015: $201,786Net Assets 2015: $3,393,5092015Assets 2016: $3,853,036Liabilities 2016: $240,176Net Assets 2016: $3,612,8602016Assets 2017: $4,083,717Liabilities 2017: $243,047Net Assets 2017: $3,840,6702017Assets 2018: $4,191,200Liabilities 2018: $282,143Net Assets 2018: $3,909,0572018Assets 2019: $4,264,799Liabilities 2019: $256,292Net Assets 2019: $4,008,5072019Assets 2020: $4,812,724Liabilities 2020: $219,430Net Assets 2020: $4,593,2942020Assets 2021: $4,872,076Liabilities 2021: $209,008Net Assets 2021: $4,663,0682021Assets 2022: $4,859,764Liabilities 2022: $192,457Net Assets 2022: $4,667,3072022Assets 2023: $5,004,279Liabilities 2023: $112,929Net Assets 2023: $4,891,3502023Assets 2024: $5,236,633Liabilities 2024: $101,110Net Assets 2024: $5,135,5232024

Highlighted filing

2024

Assets$5,236,633
Liabilities$101,110
Net Assets$5,135,523

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0Expenses 2010: $695,1652010Revenue 2011: $981,563Expenses 2011: $716,846Net Income 2011: $264,7172011Expenses 2012: $898,8002012Expenses 2013: $925,4962013Revenue 2014: $1,044,382Expenses 2014: $830,983Net Income 2014: $213,3992014Revenue 2015: $1,158,916Expenses 2015: $863,126Net Income 2015: $295,7902015Revenue 2016: $1,124,823Expenses 2016: $905,472Net Income 2016: $219,3512016Revenue 2017: $1,176,233Expenses 2017: $948,423Net Income 2017: $227,8102017Revenue 2018: $1,071,749Expenses 2018: $1,003,362Net Income 2018: $68,3872018Revenue 2019: $1,230,560Expenses 2019: $1,131,110Net Income 2019: $99,4502019Revenue 2020: $1,489,750Expenses 2020: $904,963Net Income 2020: $584,7872020Revenue 2021: $1,272,757Expenses 2021: $1,137,044Net Income 2021: $135,7132021Revenue 2022: $1,032,619Expenses 2022: $1,028,380Net Income 2022: $4,2392022Revenue 2023: $1,198,297Expenses 2023: $973,701Net Income 2023: $224,5962023Revenue 2024: $1,213,069Expenses 2024: $968,896Net Income 2024: $244,1732024

Highlighted filing

2024

Revenue$1,213,069
Expenses$968,896
Net Income$244,173

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.24$0.10$5.14$1.21$0.97$0.24
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.00$0.11$4.89$1.20$0.97$0.22
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.86$0.19$4.67$1.03$1.03$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.87$0.21$4.66$1.27$1.14$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.81$0.22$4.59$1.49$0.90$0.58
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.26$0.26$4.01$1.23$1.13$0.10
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.19$0.28$3.91$1.07$1.00$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.08$0.24$3.84$1.18$0.95$0.23
2016Detailed filing. Detailed filing data is available for this year.$3.85$0.24$3.61$1.12$0.91$0.22
2015Detailed filing. Detailed filing data is available for this year.$3.60$0.20$3.39$1.16$0.86$0.30
2014Detailed filing. Detailed filing data is available for this year.$3.34$0.24$3.10$1.04$0.83$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.12$0.23$2.88$0.93
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.98$0.26$2.72$0.90
2011Summary only. Only limited summary data is available for this year.$2.81$0.16$2.65$0.98$0.72$0.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.45$0.06$2.39$0.70
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Feb 1, 2023
Return Version
2021v4.2
Gross Receipts
$1,032,619
Mission and Program Overview

Mission

Promote and assist the growth and development of small business

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$4,663,068$4,667,307▲ $4,239
Savings and Temporary Cash Investments$3,820,785$3,825,864▲ $5,079
Cash and Non-Interest-Bearing Accounts$851,981$851,053▼ $928
Land, Buildings, and Equipment, Net$186,612$174,000▼ $12,612
Prepaid Expenses and Deferred Charges$10,796$7,075▼ $3,721
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$4,872,076$4,859,764▼ $12,312
Other Assets Total$1,902$1,772▼ $130
Liabilities
Other Liabilities$196,506$175,656▼ $20,850
Accounts Payable and Accrued Expenses$12,502$16,801▲ $4,299
Total Liabilities$209,008$192,457▼ $16,551
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,663,068$4,667,307▲ $4,239
Total Liabilities and Net Assets / Fund Balance$4,872,076$4,859,764▼ $12,312

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$130,096$171,407$301,503
Equipment$9,115$78,637$87,752
Land$34,789-$34,789
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shawn HigaPresident/treasurerFT$141,565$45,000$186,565
David PerkinsFormer President/treasurerFT$63,311$87,877$151,188
Nalia FelipeSecretaryFT$89,612-$89,612
Arleen a TarnayVice PresidentPT$83,765-$83,765
Myles MiyachiVice PresidentFT$40,333-$40,333

Board Members and Trustees

NameTitle
Gerald K HarbottleChairman of the Bod
Dennis K TanimotoDirector
Mary SellersDirector
Melvin MowDirector
Roy AmemiyaDirector
Terence YehDirector
Walter KaneakuaDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$951,513
Investment Income
$81,106
Other Revenue
$0
Change in Net Assets
$4,239

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,032,619
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,032,619
Total Revenue per Form 990
$1,032,619
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$796,621
Other Expenses$231,759
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$496,317$55,146-$551,463
Other Salaries and Wages$80,750$8,972-$89,722
Other Employee Benefits$57,822$6,425-$64,247
Payments to Affiliates$50,596$5,622-$56,218
Payroll Taxes$44,048$4,894-$48,942
Pension Plan Contributions$38,022$4,225-$42,247
Fees for Services Accounting$23,251--$23,251
All Other Expenses$11,820$1,871-$13,691
Depreciation Depletion$11,351$1,261-$12,612
Occupancy$10,809$1,201-$12,010
Insurance$10,057$1,117-$11,174
Other Expenses$4,793$532-$5,325
Conferences and Meetings$3,652--$3,652
Advertising$2,158--$2,158
Office Expenses$1,912$212-$2,124
Total Functional Expenses$935,456$92,924$0$1,028,380

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,028,380
Total Expenses per Audited Statements$1,028,380
Total Expenses per Form 990$1,028,380
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Nalia FelipeDaughter of Vice PresidentPayrollNo$89,612
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Deposits$175,656
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Nalia felipe is daughter of arlene tarnay, who is the vice president.

Form 990, Part VI, Section A, Line 6

The organization is organized as a non-stock non-profit corporation with members.

Form 990, Part VI, Section A, Line 7A

The members elect the governing body annually.

Form 990, Part VI, Section A, Line 7B

Decisions are subject to approval by the board of directors.

Form 990, Part VI, Section B, Line 11B

A draft version of the form 990 is provided to the executive director for his review and suggested changes. Upon acceptance and approval of the form 990, the executive director notifies the cpa to finalize the form 990 for submission to the irs.

Form 990, Part VI, Section B, Line 12C

All board members, staff, and volunteers are required to understand and comply with the organization's conflict of interest policy. The board is authorized to oversee the conflict procedures to insure that any conflict or potential conflict is addressed in a fair and equitable manner.

Form 990, Part VI, Section B, Line 15

Compensation is determined by the board of directors in a special session that is not attended by any employee. Compensation decisions are based on comparable positions in the financial industry in hawaii and on the national level involving development companies.

Form 990, Part VI, Section C, Line 19

Documents are made available for public inspection upon request. The public is allowed to inspect the documents at the organization's office by appointment.

Filing and Contact Details

Filer

Filer Name
Hedco Local Development Corporation
EIN
99-0210565
Phone
8085216502
Address
222 S VINEYARD STREET PH-1, HONOLULU, HI 96813-2456

Signing Officer

Name
Shawn Higa
Title
President
Phone
8085216502
Signed
2023-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shawn Higa
Formed
1981
Legal Domicile
Hi
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Egami & Ichikawa Cpas Inc
Address
615 PIIKOI STREET SUITE 2001, HONOLULU, HI 96814-3147
Preparer
Owen M Fukumoto
Phone
8085912772
Raw XML AppendixShowing 400 of 494 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF SMALL BUSINESS
IRS990/AdvertisingGrp/ProgramServicesAmt02158
IRS990/AdvertisingGrp/TotalAmt02158
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01871
IRS990/AllOtherExpensesGrp/ProgramServicesAmt011820
IRS990/AllOtherExpensesGrp/TotalAmt013691
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SHAWN HIGA
IRS990/BooksInCareOfDetail/PhoneNum08085216502
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0222 S VINEYARD STREET PH-1
IRS990/BooksInCareOfDetail/USAddress/CityNm0HONOLULU
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0HI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0968132456
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IRS990/CompensationProcessOtherInd01
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IRS990/DepreciationDepletionGrp/TotalAmt012612
IRS990/Desc0HEDCO LOCAL DEVELOPMENT CORPORATION PROVIDES FINANCING AND GROWTH AND DEVELOPMENT ASSISTANCE TO SMALL BUSINESSES. DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2022, HEDCO LOCAL DEVELOPMENT PROVIDED FINANCING TO 21 SMALL BUSINESSES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN OF THE BOD
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11FORMER PRESIDENT/TREASURER
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IRS990/FSAuditedInd01
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IRS990/InsuranceGrp/ManagementAndGeneralAmt01117
IRS990/InsuranceGrp/ProgramServicesAmt010057
IRS990/InsuranceGrp/TotalAmt011174
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt081106
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt081106
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0250044
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0186612
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0174000
IRS990/LandBldgEquipCostOrOtherBssAmt0424044
IRS990/LegalDomicileStateCd0HI
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF SMALL BUSINESS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04663068
IRS990/NetAssetsOrFundBalancesEOYAmt04667307
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01201
IRS990/OccupancyGrp/ProgramServicesAmt010809
IRS990/OccupancyGrp/TotalAmt012010
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0212
IRS990/OfficeExpensesGrp/ProgramServicesAmt01912
IRS990/OfficeExpensesGrp/TotalAmt02124
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01902
IRS990/OtherAssetsTotalGrp/EOYAmt01772
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06425
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt057822
IRS990/OtherEmployeeBenefitsGrp/TotalAmt064247
IRS990/OtherExpensesGrp/Desc0BORROWER'S CLOSING COST
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc3TRADE ASSOCIATION
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01446
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1532
IRS990/OtherExpensesGrp/ProgramServicesAmt056510
IRS990/OtherExpensesGrp/ProgramServicesAmt118572
IRS990/OtherExpensesGrp/ProgramServicesAmt213016
IRS990/OtherExpensesGrp/ProgramServicesAmt34793
IRS990/OtherExpensesGrp/TotalAmt056510
IRS990/OtherExpensesGrp/TotalAmt118572
IRS990/OtherExpensesGrp/TotalAmt214462
IRS990/OtherExpensesGrp/TotalAmt35325
IRS990/OtherLiabilitiesGrp/BOYAmt0196506
IRS990/OtherLiabilitiesGrp/EOYAmt0175656
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt08972
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt080750
IRS990/OtherSalariesAndWagesGrp/TotalAmt089722
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt05622
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt050596
IRS990/PaymentsToAffiliatesGrp/TotalAmt056218
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04894
IRS990/PayrollTaxesGrp/ProgramServicesAmt044048
IRS990/PayrollTaxesGrp/TotalAmt048942
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04225
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt038022
IRS990/PensionPlanContributionsGrp/TotalAmt042247
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010796
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07075
IRS990/PrincipalOfficerNm0SHAWN HIGA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN SERVICING FEE
IRS990/ProgramServiceRevenueGrp/Desc1LOAN PROCESSING FEE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0847275
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1104238
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0847275
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1104238
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt074777
IRS990/PYOtherExpensesAmt0257636
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01197980
IRS990/PYRevenuesLessExpensesAmt0135713
IRS990/PYSalariesCompEmpBnftPaidAmt0879408
IRS990/PYTotalExpensesAmt01137044
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01272757
IRS990/ReconcilationRevenueExpnssAmt04239
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03820785
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03825864
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0130096
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0171407
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0301503
IRS990ScheduleD/EquipmentGrp/BookValueAmt09115
IRS990ScheduleD/EquipmentGrp/DepreciationAmt078637
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt087752
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01028380
IRS990ScheduleD/LandGrp/BookValueAmt034789
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt034789
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0175656
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01032619
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0174000
IRS990ScheduleD/TotalExpensesPerForm990Amt01028380
IRS990ScheduleD/TotalLiabilityAmt0175656
IRS990ScheduleD/TotalRevenuePerForm990Amt01032619
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01032619
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01028380
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0141565
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt163311
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount045000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount187877
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SHAWN HIGA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1DAVID PERKINS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1FORMER PRESIDENT/TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0186565
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1151188
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0NALIA FELIPE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DAUGHTER OF VICE PRESIDENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt089612
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PAYROLL
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NALIA FELIPE IS DAUGHTER OF ARLENE TARNAY, WHO IS THE VICE PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS ORGANIZED AS A NON-STOCK NON-PROFIT CORPORATION WITH MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS ELECT THE GOVERNING BODY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DECISIONS ARE SUBJECT TO APPROVAL BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A DRAFT VERSION OF THE FORM 990 IS PROVIDED TO THE EXECUTIVE DIRECTOR FOR HIS REVIEW AND SUGGESTED CHANGES. UPON ACCEPTANCE AND APPROVAL OF THE FORM 990, THE EXECUTIVE DIRECTOR NOTIFIES THE CPA TO FINALIZE THE FORM 990 FOR SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL BOARD MEMBERS, STAFF, AND VOLUNTEERS ARE REQUIRED TO UNDERSTAND AND COMPLY WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. THE BOARD IS AUTHORIZED TO OVERSEE THE CONFLICT PROCEDURES TO INSURE THAT ANY CONFLICT OR POTENTIAL CONFLICT IS ADDRESSED IN A FAIR AND EQUITABLE MANNER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS IN A SPECIAL SESSION THAT IS NOT ATTENDED BY ANY EMPLOYEE. COMPENSATION DECISIONS ARE BASED ON COMPARABLE POSITIONS IN THE FINANCIAL INDUSTRY IN HAWAII AND ON THE NATIONAL LEVEL INVOLVING DEVELOPMENT COMPANIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DOCUMENTS ARE MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. THE PUBLIC IS ALLOWED TO INSPECT THE DOCUMENTS AT THE ORGANIZATION'S OFFICE BY APPOINTMENT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0HAWAII ECONOMIC DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0990143650
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(4)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0HI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDE ASSISTANCE TO SMALL BUSINESSES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0222 S VINEYARD ST PH-1
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0HONOLULU
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0HI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0968132456
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00

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