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← SHALOM CENTER FOR T R E E OF LIFE THERAPY RESEARCH EDUCATION &

Form 990 for tax year 2022

Filed by SHALOM CENTER FOR T R E E OF LIFE THERAPY RESEARCH EDUCATION &.

What the amendment changed

Compared with the return it replaced , filed 12 May 2023. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$1,352,339
Total expenses
$631,293
Contributions and grants received
$1,311,158
Grants paid
$0
Program service revenue
$41,179
Investment income
$2
Other revenue
$0
Total assets, end of year
$1,643,347
Total liabilities, end of year
$15,208
Net assets or fund balances, end of year
$1,628,139
Program services expenses (Part IX)
$404,643
Management and general expenses
$226,650
Fundraising expenses
$0
Program service expenses (Part III)
$404,643

Program services were 64.1% 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)

    $647,677

  • 1f · All other contributions, gifts and grants

    $663,481

  • 2a · Program service revenue: OTHER FEES

    total $41,179 · related or exempt $41,179

  • 3 · Investment income

    total $2 · related or exempt $2

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $180,970 · program services $90,485 · management and general $90,485

  • 11c · Fees: accounting

    total $6,512 · management and general $6,512

  • 12 · Advertising and promotion

    total $64,040 · program services $64,040

  • 13 · Office expenses

    total $29,791 · program services $14,895 · management and general $14,896

  • 16 · Occupancy

    total $69,629 · program services $34,814 · management and general $34,815

  • 17 · Travel

    total $3,861 · program services $3,861

  • 19 · Conferences, conventions and meetings

    total $2,000 · program services $2,000

  • 22 · Depreciation, depletion and amortization

    total $12,320 · program services $12,320

  • 23 · Insurance

    total $20,043 · management and general $20,043

  • 24a · Other expenses: WEB DWSIGN EXPENSES

    total $45,024 · program services $22,512 · management and general $22,512

  • 24b · Other expenses: SEMINARS & TRAINING

    total $40,313 · program services $40,313

  • 24c · Other expenses: FEES FOR CREDIT PROCESSIN

    total $31,926 · program services $31,926

  • 24d · Other expenses: EFSP PAYMENTS

    total $26,049 · program services $26,049

  • 24e · All other expenses

    total $98,815 · program services $61,428 · management and general $37,387

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $840,432 · end of year $1,466,495

  • 3 · Pledges and grants receivable

    beginning of year $53,000 · end of year $50,000

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

    $113,268

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

    $29,516

  • 10c · Land, buildings and equipment, net

    beginning of year $19,062 · end of year $83,752

  • 14 · Intangible assets

    end of year $35,750

  • 15 · Other assets

    end of year $7,350

  • 25 · Other liabilities

    beginning of year $5,401 · end of year $15,208

  • 27 · Net assets without donor restrictions

    beginning of year $907,093 · end of year $1,628,139

Mission and programs · 2022

Mission

THE SHALOM CENTER ASSISTS LOW AND MODERATE INCOME HOMEBUYERS IN LA AND ORANGE COUNTY AREAS BY PROVIDING FREE CONUSELING AND TRAINING TO EDUCATE CLIENTS ABOUT THEIR HOME PURCHASE OPTIONS. THE SHALOM CENTER IS ALSO PROVIDING OUTREACH AND EDUCATION EVENTS FOR LOW INCOME INDIVIDUALS.

  • THE SHALOM CENTER ASSISTS LOW AND MODERATE INCOME HOMEBUYERS IN LA AND ORANGE COUNTY AREAS BY PROVIDING FREE CONUSELING AND TRAINING TO EDUCATE CLIENTS ABOUT THEIR HOME PURCHASE OPTIONS. THE SHALOM CENTER IS ALSO PROVIDING OUTREACH AND EDUCATION EVENTS FOR LOW INCOME INDIVIDUALS.

    Expenses $392,323

  • THE SHALOM CENTER ASSISTS LOW AND MODERATE INCOME HOMEBUYERS IN LOS ANGELES AND ORANGE AREAS BY PROVIDING FREE COUNSELING AND TRAINING TO EDUCATE CLIENTS ABOUT THEIR HOME PURCHASE OPTIONS AND TO ALLEVIATE PURCHASE SUCH AS POOR CREDIT, LACK OF SAVINGS, LACK OF KNOWLEDGE ABOUT THE HOMEBUYING PROCESS, HOUSING DISCRIMINATION AND PREDATORY LENDING. THE SHALOM CENTER IS ALSOPROVIDING OUTREACH AND EDUCATION EVENTS OF FOOD STAMP AND FOOD BANK PROGRAMS TO THE LOW INCOME INDIVIDUALS OF LOS ANGELES COUNTY AS AN INTERMEDIARY TO PROVIDE ASSISTANCE.

    Expenses $12,320

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Danny W Choe

    DIRECTOR

    Total calculated
    $0

  • Sang Choe

    DIRECTOR

    Total calculated
    $0

  • Joseph M Chung

    DIRECTOR

    Total calculated
    $0

  • Grace Jeong

    DIRECTOR

    Total calculated
    $0

  • Dong H Kim

    DERECTOR

    Total calculated
    $0

  • Jae K Kim

    BOARD CHAIR

    Total calculated
    $0

  • Jee R Lee

    PRESIDENT

    Total calculated
    $0

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
12 May 2023
IRS schema version
2022v5.0
Source object
202420309349301482

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