Civic Intelligence

Phac No 1 Inc.

990 • Fiscal year 2022 • EIN 99-0297069

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 30, 2022

888 Iwilei Road 200Honolulu, HI 96817

(808) 523-5681

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

91st percentile

0.82x

Higher debt load relative to assets than 91% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

97th percentile

6.39x

Higher debt load relative to revenue than 97% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

12th percentile

-27%

Higher net margin than 12% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

82nd percentile

$142,522

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 34.5% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

37th percentile

-2.6%

Faster asset growth than 37% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

47th percentile

3.7%

Faster revenue growth than 47% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$3,216,542

Down $86,469 (-2.6%) from 2021

Net Assets

Down

$576,058

Down $87,159 (-13%) from 2021

Liabilities

Up

$2,640,484

Up $690 (+0.0%) from 2021

Revenue

Up

$413,097

Up $14,836 (+3.7%) from 2021

Expenses

Up

$523,627

Up $14,408 (+2.8%) from 2021

Net Income

Up

-$110,530

Up $428 (+0.4%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $5,004,695Liabilities 2011: $2,636,201Net Assets 2011: $2,368,4942011Assets 2012: $4,831,057Liabilities 2012: $2,635,205Net Assets 2012: $2,195,8522012Assets 2013: $4,668,111Liabilities 2013: $2,629,523Net Assets 2013: $2,038,5882013Assets 2014: $4,511,499Liabilities 2014: $2,635,459Net Assets 2014: $1,876,0402014Assets 2015: $4,333,974Liabilities 2015: $2,632,183Net Assets 2015: $1,701,7912015Assets 2016: $3,999,445Liabilities 2016: $2,638,082Net Assets 2016: $1,361,3632016Assets 2017: $3,854,055Liabilities 2017: $2,630,342Net Assets 2017: $1,223,7132017Assets 2018: $3,684,650Liabilities 2018: $2,639,486Net Assets 2018: $1,045,1642018Assets 2019: $3,503,333Liabilities 2019: $2,635,544Net Assets 2019: $867,7892019Assets 2020: $3,417,560Liabilities 2020: $2,643,385Net Assets 2020: $774,1752020Assets 2021: $3,303,011Liabilities 2021: $2,639,794Net Assets 2021: $663,2172021Assets 2022: $3,216,542Liabilities 2022: $2,640,484Net Assets 2022: $576,0582022Assets 2023: $3,117,266Liabilities 2023: $2,663,915Net Assets 2023: $453,3512023Assets 2024: $2,936,887Liabilities 2024: $2,667,541Net Assets 2024: $269,3462024

Highlighted filing

2022

Assets$3,216,542
Liabilities$2,640,484
Net Assets$576,058

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $304,012Expenses 2011: $463,538Net Income 2011: -$159,5262011Revenue 2012: $299,017Expenses 2012: $471,659Net Income 2012: -$172,6422012Revenue 2013: $335,155Expenses 2013: $492,420Net Income 2013: -$157,2652013Revenue 2014: $328,270Expenses 2014: $490,505Net Income 2014: -$162,2352014Revenue 2015: $324,030Expenses 2015: $498,589Net Income 2015: -$174,5592015Revenue 2016: $319,867Expenses 2016: $660,295Net Income 2016: -$340,4282016Revenue 2017: $331,627Expenses 2017: $468,965Net Income 2017: -$137,3382017Revenue 2018: $316,628Expenses 2018: $495,177Net Income 2018: -$178,5492018Revenue 2019: $330,774Expenses 2019: $508,149Net Income 2019: -$177,3752019Revenue 2020: $384,525Expenses 2020: $478,139Net Income 2020: -$93,6142020Revenue 2021: $398,261Expenses 2021: $509,219Net Income 2021: -$110,9582021Revenue 2022: $413,097Expenses 2022: $523,627Net Income 2022: -$110,5302022Revenue 2023: $406,699Expenses 2023: $529,406Net Income 2023: -$122,7072023Revenue 2024: $378,927Expenses 2024: $562,932Net Income 2024: -$184,0052024

Highlighted filing

2022

Revenue$413,097
Expenses$523,627
Net Income-$110,530
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 30, 2022
Return Version
2021v4.2
Gross Receipts
$413,097
Mission and Program Overview

Mission

Operation of rental housing and facilities to benefit elderly personsas defined by the u.s. Department of housing and urban development.

Operation of rental housing and facilities to benefit elderly persons as defined by the u.s. Department of housing and urban development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,837,019$2,648,992▼ $188,027
Cash and Non-Interest-Bearing Accounts$19,711$18,642▼ $1,069
Prepaid Expenses and Deferred Charges$11,049$12,624▲ $1,575
Accounts Receivable$1,014$6,682▲ $5,668
Total Assets$3,303,011$3,216,542▼ $86,469
Other Assets Total$434,218$529,602▲ $95,384
Liabilities
Unsecured Notes Loans Payable$2,585,902$2,585,902→ $0
Other Liabilities$34,032$34,554▲ $522
Accounts Payable and Accrued Expenses$18,140$18,240▲ $100
Deferred Revenue$1,720$1,788▲ $68
Total Liabilities$2,639,794$2,640,484▲ $690
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$637,219$550,060▼ $87,159
Net Assets With Donor Restrictions$25,998$25,998→ $0
Total Net Assets Fund Balance$663,217$576,058▼ $87,159
Total Liabilities and Net Assets / Fund Balance$3,303,011$3,216,542▼ $86,469

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,647,986$4,806,759$7,454,745
Equipment$0$230,026$230,026
Other Land Buildings$1,006$86,967$87,973
Other Assets Org$83,154--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Audrey AwayaAuthor. Agent/assist. Sec.$142,522$142,522

Board Members and Trustees

NameTitle
Nadine NakamuraPresident
Carl TakamuraVice President
Bennett LiuDirector
Donalyn Dela CruzDirector
Rochelle GregsonDirector
Sara HoriuchiDirector
Steven HuntDirector
Sandra OshiroSecretary
Collin HooTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$292,752
Program Service Revenue
$107,264
Investment Income
$265
Other Revenue
$12,816
Change in Net Assets
$-110,530

Audited Revenue Reconciliation

Revenue per Audited Statements
$413,097
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$413,097
Total Revenue per Form 990
$413,097
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$492,033
Salaries, Compensation, and Employee Benefits$31,594
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$204,473--$204,473
Depreciation Depletion$188,027--$188,027
Insurance$40,710--$40,710
Other Salaries and Wages-$28,850-$28,850
Fees for Services Management-$27,574-$27,574
Office Expenses$2,407$23,252-$25,659
Fees for Services Accounting-$4,500-$4,500
Payroll Taxes$2,559--$2,559
Fees for Services Legal-$1,090-$1,090
Other Employee Benefits$185--$185
Total Functional Expenses$438,361$85,266$0$523,627

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$523,627
Total Expenses per Audited Statements$523,627
Total Expenses per Form 990$523,627
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Misc Long Term Liability$24,870
Tenant Deposits$9,684
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 3

The project is managed by a property management firm under an agreement approved by the u.s. Department of housing and urban development.

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

The form 990 is reviewed by the board before it is filed with the irs.

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

The organization conducts periodic reviews with the officers regarding the conflict of interest policies.

Form 990, Part VI, Section B, Line 15B

The compensation for the project employees are determined by the management and board of directors with approval from the u.s. Department of housing and urban development.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Phac No 1 Inc
EIN
99-0297069
Phone
8085235681
Address
888 IWILEI ROAD 200, HONOLULU, HI 96817

Signing Officer

Name
Audrey Awaya
Title
Assistant Secretary
Phone
8085235681
Signed
2022-11-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Collin Hoo
Formed
1992
Legal Domicile
Hi
Voting Board Members
10
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Cna Tax Professionals Inc
Address
10475 CROSSPOINT BOULEVARD SUITE, 200, INDIANAPOLIS, IN 46256
Preparer
Lindsey Howell CPA
Phone
3178413393
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The corporation qualifies as a tax-exempt organization under section 501(c)(3) of the internal revenue code; therefore, no provision for income taxes is recognized in the financial statements. It is exempt from income taxes under the provisions of section 501(a) of the code. Income tax expense for the tax reporting entity includes federal and state taxes currently payable and deferred taxes arising from temporary differences between income for financial reporting and income tax purposes. No such differences existed at the end of the current fiscal year. The corporation adopted the standard for accounting for uncertainty in income taxes, the entity recognizes a tax benefit only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit is recorded. Federal and state tax authorities (if applicable) generally have the right to examine and audit the previous three years of tax returns filed.

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IRS990/OtherLiabilitiesGrp/EOYAmt034554
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0MISC REVENUE
IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY AND VENDING
IRS990/OtherRevenueMiscGrp/ExclusionAmt011491
IRS990/OtherRevenueMiscGrp/ExclusionAmt11325
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt011491
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11325
IRS990/OtherRevenueTotalAmt012816
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt028850
IRS990/OtherSalariesAndWagesGrp/TotalAmt028850
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt02559
IRS990/PayrollTaxesGrp/TotalAmt02559
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011049
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012624
IRS990/PrincipalOfficerNm0COLLIN HOO
IRS990/PriorPeriodAdjustmentsAmt023371
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENT REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0107264
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0107264
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0320363
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0226
IRS990/PYOtherExpensesAmt0471998
IRS990/PYOtherRevenueAmt01811
IRS990/PYProgramServiceRevenueAmt075861
IRS990/PYRevenuesLessExpensesAmt0-110958
IRS990/PYSalariesCompEmpBnftPaidAmt037221
IRS990/PYTotalExpensesAmt0509219
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0398261
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-110530
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0107264
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0292752
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0320363
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0280382
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0241669
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0233540
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01368706
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0265
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0226
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02970
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01506
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0341
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05308
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0107264
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt075861
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt097328
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt086638
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt082747
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0449838
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0265
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0226
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02970
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01506
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0341
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05308
IRS990ScheduleA/InvestmentIncomeCYPct00.00290
IRS990ScheduleA/InvestmentIncomePYPct00.00300
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt012816
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01811
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03845
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0961
IRS990ScheduleA/OtherIncome509Grp/TotalAmt019433
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98660
IRS990ScheduleA/PublicSupportPY509Pct00.99320
IRS990ScheduleA/PublicSupportTotal509Amt01818544
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0400016
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0396224
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0377710
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0328307
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0316287
IRS990ScheduleA/Total509Grp/TotalAmt01818544
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0413097
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0398261
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0384525
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0330774
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0316628
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01843285
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt02647986
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04806759
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07454745
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0230026
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0230026
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0523627
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt011002
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1435446
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt283154
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2INVESTMENTS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01006
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt086967
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt087973
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09684
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt124870
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MISC LONG TERM LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0413097
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THEREFORE, NO PROVISION FOR INCOME TAXES IS RECOGNIZED IN THE FINANCIAL STATEMENTS. IT IS EXEMPT FROM INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(A) OF THE CODE. INCOME TAX EXPENSE FOR THE TAX REPORTING ENTITY INCLUDES FEDERAL AND STATE TAXES CURRENTLY PAYABLE AND DEFERRED TAXES ARISING FROM TEMPORARY DIFFERENCES BETWEEN INCOME FOR FINANCIAL REPORTING AND INCOME TAX PURPOSES. NO SUCH DIFFERENCES EXISTED AT THE END OF THE CURRENT FISCAL YEAR. THE CORPORATION ADOPTED THE STANDARD FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE ENTITY RECOGNIZES A TAX BENEFIT ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT IS RECORDED. FEDERAL AND STATE TAX AUTHORITIES (IF APPLICABLE) GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02648992
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0529602
IRS990ScheduleD/TotalExpensesPerForm990Amt0523627
IRS990ScheduleD/TotalLiabilityAmt034554
IRS990ScheduleD/TotalRevenuePerForm990Amt0413097
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0413097
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0523627
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROJECT IS MANAGED BY A PROPERTY MANAGEMENT FIRM UNDER AN AGREEMENT APPROVED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE BOARD BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION CONDUCTS PERIODIC REVIEWS WITH THE OFFICERS REGARDING THE CONFLICT OF INTEREST POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPENSATION FOR THE PROJECT EMPLOYEES ARE DETERMINED BY THE MANAGEMENT AND BOARD OF DIRECTORS WITH APPROVAL FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0PACIFIC HOUSING ASSISTANCE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt1PACIFIC HOUSING ASSISTANCE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0300349999
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1454850721
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0HI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1HI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0TO PROVIDE AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1TO PROVIDE AFFORDABLE HOUSING

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.94$2.67$0.27$0.38$0.56$0.18
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.12$2.66$0.45$0.41$0.53$0.12
2022Detailed filing. Detailed filing data is available for this year.$3.22$2.64$0.58$0.41$0.52$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.30$2.64$0.66$0.40$0.51$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.42$2.64$0.77$0.38$0.48$0.09
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.50$2.64$0.87$0.33$0.51$0.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.68$2.64$1.05$0.32$0.50$0.18
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.85$2.63$1.22$0.33$0.47$0.14
2016Detailed filing. Detailed filing data is available for this year.$4.00$2.64$1.36$0.32$0.66$0.34
2015Summary only. Only limited summary data is available for this year.$4.33$2.63$1.70$0.32$0.50$0.17
2014Summary only. Only limited summary data is available for this year.$4.51$2.64$1.88$0.33$0.49$0.16
2013Summary only. Only limited summary data is available for this year.$4.67$2.63$2.04$0.34$0.49$0.16
2012Summary only. Only limited summary data is available for this year.$4.83$2.64$2.20$0.30$0.47$0.17
2011Summary only. Only limited summary data is available for this year.$5.00$2.64$2.37$0.30$0.46$0.16