Hawaii Community Reinvestment Corp
Hawaii Community Reinvestment Corp
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About this organization
Mission
The mission of HCRC is to facilitate affordable housing, community development, and economic development throughout the State of Hawaii by providing innovative financing, training and consulting services.
About
HCRC and subsidiaries have assisted 3,508 affordable rental housing units with funding of $205.5 million through its affordable housing loan participation program. The corporation has provided 7 small business loans totaling $3.6 million through the SBA 504 loan program (withdrew in 2015) and 203 energy efficiency loans totaling $4.8 million through the DBEDT Greensun loan loss reserve program. Additionally, in 2016 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. In 2018 HCRC administered a pass-through grant in the amount of $1,983,950 for HUD and C&C Honolulu to a nonprofit for preservation of affordable housing in TOD district.
Interesting data from their 2020 990 filing
According to the filing documents, the non-profit's mission is defined as “The mission of the corporation is to facilitate affordable housing, community development facilities and economic development throughout the state of hawaii by providing innovative financing, training, and consulting services to public and private organizations.”.
When referring to its tasks, they were referred to as: “The mission of the corporation is to provide innovative financing, training, and consulting services to public and private organizations who engage in building livable communities in hawaii.”.
- The non-profit's state of operation has been legally reported as HI.
- According to the latest filing, the non-profit's address in 2020 is PO BOX 3409, HONOLULU, HI, 96801.
- The total number of employees reported by the non-profit on their form for 2020 is 1.
- Is not a private foundation.
- Expenses are between $250,000 and $500,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $109,142.
- The organization has 8 independent voting members.
- The organization was formed in 1990.
- The organization pays $193,899 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.