philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Phac No 1 INC FY2021 filing

Tax-deductible

Honolulu, HI501(c)(3)HousingEIN 99-0297069Revenue $398K in FY2021

On file with the IRS888 Iwilei Rd Ste 200, 96817-5927 · Honolulu, HITax-exempt since Aug 1992Publicly supported — 509(a)(2)

Tell your story. Claim this org

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

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $128K a year · 33% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.6M
80% of total assets
Worth a look: liabilities are 80% of assets; over 65%.
Pt X · Ln 26
Independent board members
11
of 12 voting members
Looks good: 11 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$398K
+4% vs prior year
Spent
$509K
To programs
82%
Net assets
$663K
By yearFY2020–FY2024
Revenue
$398K
FY2021▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$385K
FY2021$398K
FY2023$407K
FY2024$379K
Expenses
$509K
FY2021▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$478K
FY2021$509K
FY2023$529K
FY2024$563K
Net assets
$663K
FY2021▼ -14%
Tap a bar for its year
Net assets by fiscal year
FY2020$774K
FY2021$663K
FY2023$453K
FY2024$269K

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1992.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $419K Management & general 18% · $90K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to fix it

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Dan Ishii
President
$0Pt VII · Sec A
Tony Mizuno
Vice President
$0Pt VII · Sec A
Gwen Hiraga
Secretary
$0Pt VII · Sec A
Scott Kuioka
Treasurer
$0Pt VII · Sec A
Don Fujimoto
Director
$0Pt VII · Sec A
Amy Hirano
Director
$0Pt VII · Sec A
Collin Hoo
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Phac No 1 INC executive salaries →

On this list? Claim this org

Something off? Claim to fix it

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides rental housing and facilities for elderly individuals.

Questions for Phac No 1 INC

Tap to ask. Phac No 1 INC sees how many people are interested.

Your first name shows with your question. Phac No 1 INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $419K · in their own filed words · FY2020
01

Affordable Housing

Own and operate "harry & jeanette weinberg seniorresidence at maluhia," a 40 rental unit complex that operates undersection 202 of the national housing act.

$419Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$398K
Ln 12
Gifts and grantsLn 1h$320K
Fees for servicesLn 2g$76K
Other incomeLn 4–11$2K
Money outPt IX
$509K
Ln 25
Programscol B$419K
Managementcol C$90K
Owns and owesPt X
$663K
net assets · Ln 32
Cash and savingsLn 1–2$20K
Total assetsLn 16$3.3M
LiabilitiesLn 26$2.6M
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$320K
Government grantsLn 1e$320K
Fees for servicesLn 2g$76K
Investment incomeLn 3$226
Other incomeLn 4–11$2K
Total revenueLn 12$398K
Assets in detailPt X, end of year
CashLn 1$20K
Cash and savings togetherLn 1–2$20K
Land, buildings, equipmentLn 10c$2.8M
Other assetsLn 15$434K
Total assetsLn 16$3.3M
LiabilitiesLn 26$2.6M
Net assetsLn 32$663K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$3K$20K
Land, buildings, equipmentLn 10c$3.0M$2.8M
Total assetsLn 16$3.4M$3.3M
LiabilitiesLn 26$2.6M$2.6M
Net assetsLn 32$774K$663K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$34K$2K$32K
Other employee benefitsLn 9$169$169
Payroll taxesLn 10$3K$3K
Management feesLn 11a$31K$31K
Legal feesLn 11b$131$131
Accounting feesLn 11c$9K$9K
Office expensesLn 13$18K$117$18K
OccupancyLn 16$191K$191K
Depreciation, depletion and amortizationLn 22$188K$188K
InsuranceLn 23$34K$34K
Total functional expensesLn 25$509K$419K$90K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $379K$563K−$184K$269K 990 PDF
FY2023 $407K$529K−$123K$453K 990 PDF
FY2022 Not on file
FY2021 Viewing $398K$509K−$111K$663K 990 PDF
FY2020 $385K$478K−$94K$774K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $398,261 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $280,382$320,363
I-9 Program service revenuePrior year $97,328$75,861
I-10 Investment incomePrior year $2,970$226
I-11 Other revenuePrior year $3,845$1,811
I-12 Total revenuePrior year $384,525$398,261
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $55,645$37,221
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $422,494$471,998
I-18 Total expensesPrior year $478,139$509,219
I-19 Revenue less expensesPrior year −$93,614−$110,958
Part VI · Governance 11 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members11
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $398,261 across 6 lines filed
VIII-1e Government grants$320,363
VIII-1h Total contributions, gifts and grants$320,363
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $75,861$75,861
VIII-3 Investment incomeExcluded from tax $226$226
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,811$1,811
VIII-12 Total revenueRelated to mission $75,861 · Unrelated business $0 · Excluded from tax $2,037$398,261
Part IX · Statement of functional expenses $509,219 across 10 lines filed
IX-7 Other salaries and wagesPrograms $2,083 · Management $31,923$34,006
IX-9 Other employee benefitsPrograms $169$169
IX-10 Payroll taxesPrograms $3,046$3,046
IX-11a Management feesManagement $30,960$30,960
IX-11b Legal feesManagement $131$131
IX-11c Accounting feesManagement $9,410$9,410
IX-13 Office expensesPrograms $117 · Management $18,029$18,146
IX-16 OccupancyPrograms $191,404$191,404
IX-22 Depreciation, depletion and amortizationPrograms $188,026$188,026
IX-23 InsurancePrograms $33,921$33,921
IX-25 Total functional expensesPrograms $418,766 · Management $90,453 · Fundraising $0$509,219
Part X · Balance sheet $3,303,011 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $3,343$19,711
X-4 Accounts receivableStart of year $19,375$1,014
X-9 Prepaid expenses and deferred chargesStart of year $11,181$11,049
X-10c Land, buildings and equipment, netStart of year $3,025,045$2,837,019
X-15 Other assetsStart of year $358,616$434,218
X-16 Total assetsStart of year $3,417,560$3,303,011
X-17 Accounts payable and accrued expensesStart of year $3,137$18,140
X-19 Deferred revenueStart of year $18,963$1,720
X-24 Unsecured notes and loans payableStart of year $2,585,902$2,585,902
X-25 Other liabilitiesStart of year $35,383$34,032
X-26 Total liabilitiesStart of year $2,643,385$2,639,794
X-27 Net assets without donor restrictionsStart of year $748,177$637,219
X-28 Net assets with donor restrictionsStart of year $25,998$25,998
X-32 Total net assets or fund balancesStart of year $774,175$663,217
X-33 Total liabilities and net assetsStart of year $3,417,560$3,303,011
Part XI · Reconciliation of net assets $663,217 net assets at year end
XI-1 Total revenue$398,261
XI-2 Total expenses$509,219
XI-3 Revenue less expenses−$110,958
XI-4 Net assets at start of year$774,175
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$663,217

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.