Overview
What is Hedco Local Development Corporation?
Hedco Local Development Corporation, located in Honolulu, Hawaii, is a nonprofit organization that specializes in supporting the growth and development of small businesses. They provide essential financing services, aiding 21 small enterprises during the 2022 fiscal year. The corporation's mission is to promote and assist small businesses in their growth journey, contributing to the local economy and community development.
Official website here: www.hedcoldc.com
Is Hedco Local Development Corporation legitimate?
Hedco Local Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Hedco Local Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $551,463
Professional Fundraising Fees: $0
Other Salaries and Wages: $89,722
For more financial information, click here
Official website here: www.hedcoldc.com
What is the mission statement of Hedco Local Development Corporation?
The Hedco Local Development Corporation is committed to fostering and supporting the expansion of small businesses. As part of its mission, the corporation provides financing and development assistance to these businesses, aiming to aid in their growth. In the fiscal year ending September 30, 2022, the corporation extended financing to 21 small enterprises. By promoting and assisting the growth of small businesses, the Hedco Local Development Corporation contributes to economic development and job creation in the community.
Official website here: www.hedcoldc.com
Who is the CEO of Hedco Local Development Corporation?
Shawn Higa is the Chairman Of The Bod of Hedco Local Development Corporation.
Official website here: www.hedcoldc.com
What is the revenue of Hedco Local Development Corporation?
Hedco Local Development Corporation's revenue in 2022 was $1,032,619.
Official website here: www.hedcoldc.com
Who are the executives of Hedco Local Development Corporation and what are their salaries?
Here are 12 key members and their salaries:
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- Compensation: $151,188
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Official website here: www.hedcoldc.com
Where can I find the form 990 for Hedco Local Development Corporation?
Hedco Local Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hedcoldc.com
Learn more at the official website: www.hedcoldc.com
Mission Statement of Hedco Local Development Corporation
Hedco Local Development Corporation, a nonprofit organization, is committed to promoting and assisting the growth and development of small businesses. The corporation achieves this mission by providing financing and development assistance to small enterprises. In the fiscal year ending September 30, 2022, Hedco Local Development Corporation extended funding to 21 small businesses, contributing to their growth and success. The corporation's role in supporting small businesses is crucial, as they often face challenges in accessing financing and resources for growth and development. By providing financing and assistance, Hedco Local Development Corporation is playing a vital role in fostering a thriving small business sector, which in turn contributes to the overall economic growth and development of the community.
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Impact
October, 2024
Hedco Local Development Corporation significantly impacts the local economy by promoting and assisting the growth and development of small businesses in Honolulu, HI. By providing financing and targeted growth assistance, it empowers entrepreneurs to launch and expand their ventures, fostering community improvement.
In the fiscal year ending September 30, 2022, Hedco Local Development facilitated financing for 21 small businesses, directly contributing to job creation, economic diversification, and the resilience of the local market. This support not only enhances business sustainability but also enriches the overall community fabric by encouraging local entrepreneurship and innovation.
This information is meant to be a general summary of Hedco Local Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $81,106
- Program Service Revenue: $951,513
- Gross Receipts: $1,032,619
Assets and Liabilities:
- Total Assets: $4,859,764
- Total Liabilities: $192,457
- Net Assets: $4,667,307
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN SERVICING FEE
Revenue
$847,275
LOAN PROCESSING FEE
Revenue
$104,238
Organization Details
Founding Year
1981
Phone
(808) 521-6502Principal Officer
Shawn Higa
Main Address
222 S VINEYARD STREET PH-1, HONOLULU, HI, 968132456
Website
www.hedcoldc.comNTEE Category
Code: S30 - Community improvement
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