Civic Intelligence

Homes Hawaii Inc.

EIN 99-0340765 • 501(c)3 • Honolulu, HI

Pub. 78 Eligible990-N Coverage

Profile

The preservation and creation of affordable housing for persons and families of low to moderate income in the city and county of honolulu.

C/O 1110 University AvenueHonolulu, HI 96826

n/A

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.47x

Higher debt load relative to assets than 82% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

5.70x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

64th percentile

12%

Higher net margin than 64% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

62nd percentile

8.2%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

56th percentile

11%

Faster revenue growth than 56% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,143,197

Up $86,565 (+8.2%) from 2023

Liabilities

Up

$535,053

Up $75,072 (+16%) from 2023

Net Assets

Up

$608,144

Up $11,493 (+1.9%) from 2023

Revenue

Up

$93,817

Up $8,956 (+11%) from 2023

Expenses

Up

$82,324

Up $33,391 (+68%) from 2023

Net Income

Down

$11,493

Down $24,435 (-68%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $248,772Liabilities 2011: $80,1382011Assets 2012: $285,621Liabilities 2012: $81,0712012Assets 2013: $285,619Liabilities 2013: $44,8702013Assets 2015: $399,410Liabilities 2015: $85,4832015Assets 2016: $481,136Liabilities 2016: $127,9792016Assets 2017: $554,748Liabilities 2017: $164,810Net Assets 2017: $389,9382017Assets 2018: $636,814Liabilities 2018: $208,911Net Assets 2018: $427,9032018Assets 2019: $716,229Liabilities 2019: $245,629Net Assets 2019: $470,6002019Assets 2020: $802,564Liabilities 2020: $288,827Net Assets 2020: $513,7372020Assets 2021: $883,257Liabilities 2021: $359,383Net Assets 2021: $523,8742021Assets 2022: $971,796Liabilities 2022: $411,073Net Assets 2022: $560,7232022Assets 2023: $1,056,632Liabilities 2023: $459,981Net Assets 2023: $596,6512023Assets 2024: $1,143,197Liabilities 2024: $535,053Net Assets 2024: $608,1442024

Highlighted filing

2024

Assets$1,143,197
Liabilities$535,053
Net Assets$608,144

Operations Trend

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

$100K$50K$0Revenue 2011: $79,413Expenses 2011: $44,250Net Income 2011: $35,1632011Revenue 2012: $77,331Expenses 2012: $41,415Net Income 2012: $35,9162012Revenue 2013: $78,413Expenses 2013: $42,214Net Income 2013: $36,1992013Revenue 2015: $82,346Expenses 2015: $44,186Net Income 2015: $38,1602015Revenue 2016: $84,736Expenses 2016: $45,506Net Income 2016: $39,2302016Revenue 2017: $79,685Expenses 2017: $42,903Net Income 2017: $36,7822017Revenue 2018: $82,086Expenses 2018: $44,121Net Income 2018: $37,9652018Revenue 2019: $85,562Expenses 2019: $42,864Net Income 2019: $42,6982019Revenue 2020: $86,361Expenses 2020: $43,224Net Income 2020: $43,1372020Revenue 2021: $85,156Expenses 2021: $66,384Net Income 2021: $18,7722021Revenue 2022: $88,579Expenses 2022: $51,730Net Income 2022: $36,8492022Revenue 2023: $84,861Expenses 2023: $48,933Net Income 2023: $35,9282023Revenue 2024: $93,817Expenses 2024: $82,324Net Income 2024: $11,4932024

Highlighted filing

2024

Revenue$93,817
Expenses$82,324
Net Income$11,493

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 24, 2025
Return Version
2024v5.2
Gross Receipts
$93,817
Mission and Program Overview

Mission

The preservation and creation of affordable housing for persons and families of low to moderate income in the city and county of honolulu.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$953,277$1,047,525▲ $94,248
Investments Program Related$60,891$60,460▼ $431
Cash and Non-Interest-Bearing Accounts$42,464$35,063▼ $7,401
Prepaid Expenses and Deferred Charges-$149-
Total Assets$1,056,632$1,143,197▲ $86,565
Liabilities
Accounts Payable and Accrued Expenses$459,981$535,053▲ $75,072
Total Liabilities$459,981$535,053▲ $75,072
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$596,651$608,144▲ $11,493
Total Net Assets Fund Balance$596,651$608,144▲ $11,493
Total Liabilities and Net Assets / Fund Balance$1,056,632$1,143,197▲ $86,565

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$60,460--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Wallace InglisPresident
Sandra PfundVice President
Jeffrey EmersonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$93,817
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$11,493
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$82,324
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$0$65,125$0$65,125
Fees for Services Legal$0$16,753$0$16,753
Insurance$0$446$0$446
Total Functional Expenses$0$82,324$0$82,324
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Homes Hawaii Inc
EIN
99-0340765
Phone
8089495588
Address
C/O 1110 UNIVERSITY AVENUE, HONOLULU, HI 96826

Signing Officer

Name
Wallace Inglis
Title
Director
Phone
8089495588
Signed
2025-07-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wallace Inglis
Formed
1998
Legal Domicile
Hi
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Gerald Y Ushijima CPA
Address
1110 UNIVERSITY AVE STE 508, HONOLULU, HI 96826
Preparer
Gerald Y Ushijima
Phone
8089495588
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Directors , and treasurer

Pt VI, Line 19

UPON REQUEST

Pt XII, Line 1

Financial statements reflected as accrual basis stated on

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

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IRS990/USAddress/ZIPCd096826
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WALLACE INGLIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08089495588
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOMES HAWAII INC
ReturnHeader/Filer/BusinessNameControlTxt0HOME
ReturnHeader/Filer/EIN0990340765
ReturnHeader/Filer/PhoneNum08089495588
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O 1110 UNIVERSITY AVENUE
ReturnHeader/Filer/USAddress/CityNm0HONOLULU
ReturnHeader/Filer/USAddress/StateAbbreviationCd0HI
ReturnHeader/Filer/USAddress/ZIPCd096826
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0990230347
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GERALD Y USHIJIMA CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01110 UNIVERSITY AVE STE 508
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HONOLULU
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0HI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd096826
ReturnHeader/PreparerPersonGrp/PhoneNum08089495588
ReturnHeader/PreparerPersonGrp/PreparationDt02025-07-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GERALD Y USHIJIMA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-07-31T13:29:12-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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