Skip to the page content
Your donations
Passes our checks

Hawaii Community Reinvestment Corp

EIN 99-0282148 · Honolulu, HI

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood80 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE MISSION OF HAWAII COMMUNITY REINVESTMENT CORPORATION IS TO FACILITATE AFFORDABLE HOUSING, COMMUNITY DEVELOPMENT, AND ECONOMIC DEVELOPMENT THROUGHOUT THE STATE OF HAWAII BY PROVIDING INNOVATIVE FINANCING, TRAINING AND CONSULTING TO ORGANIZATIONS WHO SERVE UNDERSERVED AND DISADVANTAGED COMMUNITIES.

Income
$859,691
Spending
$459,216
Spent on programs
77%
Reserves
107 months of spending
Largest source of income
donations and private grants, 63%
Employees
2
Highest pay
$199,892, executive di

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 80 out of 100. Higher than 76% of charities in its peer group (housing, $250k to $1m).

  • Reserves

    35 of 35

    Spendable reserves would cover 107.0 months of spending.

  • Debt

    10 of 20

    It owes 34% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 47% of income.

  • Income trend

    5 of 15

    Income fell 12% on the year before.

  • Spending floor

    15 of 15

    77% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 88% of charities in its peer group (housing, $250k to $1m).

  • Independent board

    25 of 25

    8 of 8 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $354,652 spent. HCRC AND SUBSIDIARIES HAVE PROVIDED FINANCING FOR: THE DEVELOPMENT OF 3,508 AFFORDABLE HOUSING RENTAL UNITS WITH TOTAL FUNDING OF 205.5 MILLION THROUGH ITS AFFORDABLE HOUSING BANK CONSORTIUM LOAN PARTICIPATON PROGRAM. 7 BUSINESS LOANS TOTALING 3.6 MILLION THROUGH THE SBA 504 PROGRAM 203 ENERGY EFFICIENT LOANS TOTALING 4.8 MILLION THROUGH THE DBEDT GREENSUN LOAN LOSS RESERVE PROGRAM. 30 DIRECT LOANS TOTALING 4.9 MILLION TO NONPROFITS AND SMALL BUSINESSES TO SUPPORT COMMUNITY PROGRAMS AND ECONOMIC DEVELOPMENT THROUGH ITS COMMUNITY LOAN FUND. 5 DIRECT LOANS TOTALING 2.7 MILLION FOR PREDEVELOPMENT OF 872 NEW AFFORDABLE RENTAL UNITS AND 4 DIRECT LOANS TOTALING 591K FOR THE PRESERVATION OF 11 AFFORDABLE SINGLE FAMILY HOMES AND 3 DIRECT LOANS TOTALING 310K FOR IMPROVEMENTS TO 56,000 SQ FT OF COMMUNITY FACILITIES THROUGH ITS COMMUNITY REAL ESTATE LOAN FUND. HCRC GRANTED 789,474 TO THE UNIVERSITY OF HAWAII FOUNDATION TO FUND AN ENDOWMENT TO ESTABLISH THE HAWAII COMMUNITY REINVESTMENT CORPORATION DISTINGUISHED PROFESSORSHIP IN AFFORDABLE HOUSING, ADMINISTERED A PASSTHROUGH GRANT IN THE AMOUNT OF 1,983,950 FOR HUD AND C&C HONOLULU TO A NONPROFIT PRESERVATION OF AFFORDABLE HOUSING IN TOD DISTRICT, AND ADMINISTERED 153 PASSTHROUGH GRANTS TOTALING 1,833,759 FOR THE C&C HONOLULU MAYORS OFFICE OF CULTURE AND ARTS CARES ACT RECOVERY & RELIEF FUND PROGRAM. HCRC PROVIDES FREE FINANCIAL TECHNICAL ASSISTANCE AND TRAINING TO COMMUNITY BASED ORGANIZATIONS THROUGH INDIVIDUAL CONSULTATION, WEBINARS, AND CONVENINGS. HCRC AND SUBSIDIARIES HAVE PROVIDED FINANCING FOR: THE DEVELOPMENT OF 3,508 AFFORDABLE HOUSING RENTAL UNITS WITH TOTAL FUNDING OF 205.5 MILLION THROUGH ITS AFFORDABLE HOUSING BANK CONSORTIUM LOAN PARTICIPATON PROGRAM. 7 BUSINESS LOANS TOTALING 3.6 MILLION THROUGH THE SBA 504 PROGRAM 203 ENERGY EFFICIENT LOANS TOTALING 4.8 MILLION THROUGH THE DBEDT GREENSUN LOAN LOSS RESERVE PROGRAM. 30 DIRECT LOANS TOTALING 4.9 MILLION TO NONPROFITS AND SMALL BUSINESSES TO SUPPORT COMMUNITY PROGRAMS AND ECONOMIC DEVELOPMENT THROUGH ITS COMMUNITY LOAN FUND. 5 DIRECT LOANS TOTALING 2.7 MILLION FOR PREDEVELOPMENT OF 872 NEW AFFORDABLE RENTAL UNITS AND 4 DIRECT LOANS TOTALING 591K FOR THE PRESERVATION OF 11 AFFORDABLE SINGLE FAMILY HOMES AND 3 DIRECT LOANS TOTALING 310K FOR IMPROVEMENTS TO 56,000 SQ FT OF COMMUNITY FACILITIES THROUGH ITS COMMUNITY REAL ESTATE LOAN FUND. HCRC GRANTED 789,474 TO THE UNIVERSITY OF HAWAII FOUNDATION TO FUND AN ENDOWMENT TO ESTABLISH THE HAWAII COMMUNITY REINVESTMENT CORPORATION DISTINGUISHED PROFESSORSHIP IN AFFORDABLE HOUSING, ADMINISTERED A PASSTHROUGH GRANT IN THE AMOUNT OF 1,983,950 FOR HUD AND C&C HONOLULU TO A NONPROFIT PRESERVATION OF AFFORDABLE HOUSING IN TOD DISTRICT, AND ADMINISTERED 153 PASSTHROUGH GRANTS TOTALING 1,833,759 FOR THE C&C HONOLULU MAYORS OFFICE OF CULTURE AND ARTS CARES ACT RECOVERY & RELIEF FUND PROGRAM. HCRC PROVIDES FREE FINANCIAL TECHNICAL ASSISTANCE AND TRAINING TO COMMUNITY BASED ORGANIZATIONS THROUGH INDIVIDUAL CONSULTATION, WEBINARS, AND CONVENINGS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 1995.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.