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Nonprofiteer
← HOMECREST COMMUNITY SERVICES INC

Form 990 for tax year 2022

Filed by HOMECREST COMMUNITY SERVICES INC.

Totals

Total revenue
$1,754,456
Total expenses
$1,643,796
Contributions and grants received
$1,666,347
Grants paid
$0
Program service revenue
$39,194
Investment income
$36
Other revenue
$48,879
Total assets, end of year
$1,194,328
Total liabilities, end of year
$227,495
Net assets or fund balances, end of year
$966,833
Program services expenses (Part IX)
$1,427,485
Management and general expenses
$131,826
Fundraising expenses
$84,485
Program service expenses (Part III)
$1,427,485

Program services were 86.8% 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.

  • 1e · Government grants (contributions)

    $1,380,594

  • 1f · All other contributions, gifts and grants

    $285,753

  • 2a · Program service revenue: Congregation meals

    total $39,194 · related or exempt $39,194

  • 3 · Investment income

    total $36 · excluded $36

  • 8a · Fundraising events: gross income

    $92,943

  • 8b · Fundraising events: direct expenses

    $44,064

  • 8c · Net income from fundraising events

    total $48,879 · excluded $48,879

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $86,393 · program services $64,795 · management and general $8,639 · fundraising $12,959

  • 7 · Other salaries and wages

    total $499,403 · program services $445,610 · management and general $40,345 · fundraising $13,448

  • 10 · Payroll taxes

    total $48,932 · program services $42,634 · management and general $4,092 · fundraising $2,206

  • 11c · Fees: accounting

    total $53,000 · management and general $53,000

  • 11g · Fees: other

    total $95,888 · program services $35,772 · management and general $5,116 · fundraising $55,000

  • 13 · Office expenses

    total $159,121 · program services $155,939 · management and general $3,182

  • 16 · Occupancy

    total $211,632 · program services $201,049 · management and general $10,583

  • 17 · Travel

    total $22,548 · program services $22,548

  • 19 · Conferences, conventions and meetings

    total $38,526 · program services $38,526

  • 20 · Interest

    total $749 · management and general $749

  • 23 · Insurance

    total $14,421 · program services $12,979 · management and general $1,442

  • 24a · Other expenses: Communication

    total $13,040 · program services $11,736 · management and general $1,304

  • 24b · Other expenses: Food & participant expenses

    total $293,982 · program services $293,982

  • 24c · Other expenses: Fiscal conduit

    total $72,422 · program services $72,422

  • 24d · Other expenses: Media printing and postage

    total $17,437 · program services $14,821 · management and general $1,744 · fundraising $872

  • 24e · All other expenses

    total $16,302 · program services $14,672 · management and general $1,630

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $528,680 · end of year $498,754

  • 2 · Savings and temporary cash investments

    beginning of year $109,826 · end of year $202,218

  • 3 · Pledges and grants receivable

    beginning of year $665,846 · end of year $442,356

  • 4 · Accounts receivable

    end of year $6,670

  • 15 · Other assets

    beginning of year $43,500 · end of year $44,330

  • 17 · Accounts payable and accrued expenses

    beginning of year $96,919 · end of year $48,524

  • 24 · Unsecured notes and loans payable

    beginning of year $159,900 · end of year $159,900

  • 25 · Other liabilities

    beginning of year $234,860 · end of year $19,071

  • 27 · Net assets without donor restrictions

    beginning of year $856,173 · end of year $966,833

Mission and programs · 2022

Mission

Provide social, education, and cultural services to seniors in the community.

  • Senior services - provides a variety of educational, cultural, and social services to senior citizens, children, and families.

    Expenses $1,427,485

As filed on the 2022 return.

Listed in Part VII

  • Wai Yee Chan

    Executive Director

    Total calculated
    $84,432
    From this org
    $84,432
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Toi Shu Mui

    Board member

    Total calculated
    $0
    Hours/week
    1

  • Michael Dong

    Board member

    Total calculated
    $0
    Hours/week
    1

  • Don Lee

    Chairman

    Total calculated
    $0
    Hours/week
    5

  • Lana Leung

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Gregory Gong

    Secretart

    Total calculated
    $0
    Hours/week
    1

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
19 December 2023
IRS schema version
2022v5.0
Source object
202410549349300026

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