Hhoc Mortgage

Analysis

Hhoc Mortgage is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hhoc Mortgage reported income of $1.1m and spending of $242k, leaving 78% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $706k to $1.1m (+56%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 264%. Over the whole period it spent 45% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hhoc Mortgage sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within HI. Charities of a similar size with the same main cause include Gates Plaza Housing Development Fund Company Inc ($1.1m), Miami Valley In-Ovations Incorporated ($1.1m) and Telacu Senior Housing of Los Angeles County ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 13% of the total. Other salaries and wages came to $88k. At year end it held assets of $5.1m against liabilities of $603k, net assets of $4.5m. It reported 3 employees.