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← AAFE COMMUNITY DEVELOPMENT FUND INC

Form 990 for tax year 2023

Filed by AAFE COMMUNITY DEVELOPMENT FUND INC.

Totals

Total revenue
$859,326
Total expenses
$721,829
Contributions and grants received
$556,473
Grants paid
$0
Program service revenue
$74,094
Investment income
$25,451
Other revenue
$203,308
Total assets, end of year
$6,972,057
Total liabilities, end of year
$2,504,960
Net assets or fund balances, end of year
$4,467,097
Program services expenses (Part IX)
$641,586
Management and general expenses
$80,243
Fundraising expenses
$0
Program service expenses (Part III)
$641,586

Program services were 88.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DONNA CHIU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HEIDIE JOO BURWELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JIM BURKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LYDIA TOM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THOMAS YU

    PRESIDENT/ED

    Total calculated
    $345,309
    From this org
    $0
    From related orgs
    $279,045
    Other
    $66,264
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $279,045 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,754 related
    Nontaxable benefits
    $0 + $56,510 related
    Filer's total
    $0 + $345,309 related

  • EDDIE WONG

    DEPUTY MANAGING DIRECTOR

    Total calculated
    $126,005
    From this org
    $105,841
    From related orgs
    $0
    Other
    $20,164
    Hours/week
    40

  • JESSIE LEE

    MANAGING DIRECTOR

    Total calculated
    $200,871
    From this org
    $0
    From related orgs
    $175,773
    Other
    $25,098
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $175,773 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,221 related
    Nontaxable benefits
    $0 + $17,877 related
    Filer's total
    $0 + $200,871 related

  • JOY SUZANNE GRANADO

    CHIEF ACCOUNTING OFFICER

    Total calculated
    $220,591
    From this org
    $0
    From related orgs
    $192,545
    Other
    $28,046
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,545 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,617 related
    Nontaxable benefits
    $0 + $20,429 related
    Filer's total
    $0 + $220,591 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE COMPENSATION OF THE PRESIDENT/ED IS ESTABLISHED BY THE RELATED ENTITY, ASIAN AMERICAN FOR EQUALITY, INC.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
28 October 2024
IRS schema version
2023v5.1
Source object
202433049349301213

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