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Nonprofiteer
← CHINATOWN HEALTH CLINIC FOUNDATION INC

Form 990 for tax year 2024

Filed by CHINATOWN HEALTH CLINIC FOUNDATION INC.

Totals

Total revenue
$4,163,483
Total expenses
$2,212,098
Contributions and grants received
$1,173,696
Grants paid
$441,355
Program service revenue
$2,208,000
Investment income
$860,523
Other revenue
-$78,736
Total assets, end of year
$41,974,162
Total liabilities, end of year
$12,460,527
Net assets or fund balances, end of year
$29,513,635
Program services expenses (Part IX)
$1,525,282
Management and general expenses
$220,404
Fundraising expenses
$466,412
Program service expenses (Part III)
$1,525,282

Program services were 69.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,032,668

  • 1f · All other contributions, gifts and grants

    $141,028

  • 2a · Program service revenue: RENTAL INCOME

    total $2,208,000 · related or exempt $2,208,000

  • 3 · Investment income

    total $333,723 · excluded $333,723

  • 7a · Gross sales of assets other than inventory

    securities $1,260,739

  • 7b · Less cost or other basis and sales expenses

    securities $733,939

  • 7c · Gain or loss

    securities $526,800

  • 7d · Net gain or loss

    total $526,800 · excluded $526,800

  • 8a · Fundraising events: gross income

    $121,880

  • 8a · Fundraising events: contributions included on line 1c

    $1,032,668

  • 8b · Fundraising events: direct expenses

    $200,616

  • 8c · Net income from fundraising events

    total -$78,736 · excluded -$78,736

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $441,355 · program services $441,355

  • 11a · Fees: management

    total $583,151 · management and general $123,295 · fundraising $459,856

  • 11c · Fees: accounting

    total $22,785 · management and general $22,785

  • 11g · Fees: other

    total $1,500 · management and general $1,500

  • 13 · Office expenses

    total $19,274 · management and general $12,718 · fundraising $6,556

  • 16 · Occupancy

    total $45,510 · management and general $45,510

  • 20 · Interest

    total $459,286 · program services $459,286

  • 22 · Depreciation, depletion and amortization

    total $557,700 · program services $557,700

  • 23 · Insurance

    total $58,720 · program services $56,037 · management and general $2,683

  • 24e · All other expenses

    total $22,817 · program services $10,904 · management and general $11,913

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,177,789 · end of year $2,842,708

  • 7 · Other notes and loans receivable

    beginning of year $7,085,000 · end of year $7,085,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,344 · end of year $15,800

  • 10a · Land, buildings and equipment: cost or other basis

    $26,208,022

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,601,683

  • 10c · Land, buildings and equipment, net

    beginning of year $19,164,040 · end of year $18,606,339

  • 11 · Investments: publicly traded securities

    beginning of year $12,137,514 · end of year $13,370,648

  • 15 · Other assets

    beginning of year $52,500 · end of year $53,667

  • 17 · Accounts payable and accrued expenses

    beginning of year $839,241 · end of year $341,344

  • 19 · Deferred revenue

    beginning of year $184,001 · end of year $184,001

  • 23 · Secured mortgages and notes payable

    beginning of year $13,491,408 · end of year $11,751,182

  • 25 · Other liabilities

    beginning of year $184,000 · end of year $184,000

  • 27 · Net assets without donor restrictions

    beginning of year $24,513,916 · end of year $28,110,837

  • 28 · Net assets with donor restrictions

    beginning of year $1,419,621 · end of year $1,402,798

Mission and programs · 2024

Mission

CHINATOWN HEALTH CLINIC FOUNDATION, INC.'S PURPOSE IS TO IMPROVE THE HEALTH CONDITIONS OF THE ASIAN AMERICAN COMMUNITY IN THE GREATER NY METROPOLITAN AREA MANNER THAT IS CULTURALLY RELEVANT AND RESPECTFUL OF THE INDIVIDUAL'S DIGNITY, AND TO SUPPORT AND BENEFIT CHARLES B. WANG COMMUNITY HEALTH CENTER, INC., A NEW YORK NOT-FOR-PROFIT CORPORATION, THAT PROVIDES A BROAD RANGE OF HEALTH SERVICES TO A LARGELY MEDICALLY UNDERSERVED POPULATION, BY CONDUCTING ACTIVITIES THAT INCLUDE FUND-RAISING, PUBLIC EDUCATION AND RESEARCH, COMMUNITY AWARENESS AND PLANNING, AND POLICY-MAKING RELATED TO HEALTHCARE SERVICES IN THE COMMUNITY.

Activities or mission (Part I)

TO IMPROVE THE HEALTH CONDITIONS OF THE ASIAN AMERICAN COMMUNITY IN THE GREATER NY METROPOLITAN AREA MANNER THAT IS CULTURALLY RELEVANT AND RESPECTFUL OF THE INDIVIDUAL'SDIGNITY, AND TO SUPPORT AND BENEFIT CHARLES B. WANG COMMUNITY HEALTH CENTER, INC., A NEW YORK NOT-FOR-PROFIT CORPORATION, THAT PROVIDES A BROAD RANGE OF HEALTH SERVICES TO A LARGELY MEDICALLY UNDERSERVED POPULATION, BY CONDUCTING ACTIVITIES THAT INCLUDE FUND-RAISING, PUBLICEDUCATION AND RESEARCH, COMMUNITY AWARENESS AND PLANNING, AND POLICY-MAKING RELATED TO HEALTHCARE SERVICES IN THE COMMUNITY.

  • CHINATOWN HEALTH CLINIC FOUNDATION, INC.'S PURPOSE IS TO IMPROVE THE HEALTH CONDITIONS OF THE ASIAN AMERICAN COMMUNITY IN THE GREATER NY METROPOLITAN AREA MANNER THAT IS CULTURALLY RELEVANT AND RESPECTFUL OF THE INDIVIDUAL'S DIGNITY, AND TO SUPPORT AND BENEFIT CHARLES B. WANG COMMUNITY HEALTH CENTER, INC., A NEW YORK NOT-FOR-PROFIT CORPORATION, THAT PROVIDES A BROAD RANGE OF HEALTH SERVICES TO A LARGELY MEDICALLY UNDERSERVED POPULATION, BY CONDUCTING ACTIVITIES THAT INCLUDE FUND-RAISING, PUBLIC EDUCATION AND RESEARCH, COMMUNITY AWARENESS AND PLANNING, AND POLICY-MAKING RELATED TO HEALTHCARE SERVICES IN THE COMMUNITY.

    Expenses $1,525,282 · Grants $441,355 · Revenue $2,208,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JANE T ENG ESQ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KENNETH CHIN ESQ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARIE LAM

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • MARY CHAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL CHANG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MIRANDA WONG TANG

    BOARD MEMBER-EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • PAK CHUNG MD

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • RAYMOND FONG MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • ROBERT CHANG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SANDRA LEE KAWANO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SUSAN COLE

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • KAUSHAL CHALLA

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $30,687
    From this org
    $0
    From related orgs
    $23,974
    Other
    $6,713
    Hours/week
    1.8

  • LYNN D SHERMAN

    CHIEF FINANCIAL OFFICER

    Total calculated
    $49,409
    From this org
    $0
    From related orgs
    $38,601
    Other
    $10,808
    Hours/week
    3.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
27 October 2025
IRS schema version
2024v5.2
Source object
202543009349301369

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