Form 990 for tax year 2023
Filed by HOMECREST COMMUNITY SERVICES INC.
Totals
- Total revenue
- $2,469,557
- Total expenses
- $2,280,073
- Contributions and grants received
- $2,372,094
- Grants paid
- $0
- Program service revenue
- $38,646
- Investment income
- $27
- Other revenue
- $58,790
- Total assets, end of year
- $1,269,740
- Total liabilities, end of year
- $245,954
- Net assets or fund balances, end of year
- $1,023,786
- Program services expenses (Part IX)
- $1,959,184
- Management and general expenses
- $210,176
- Fundraising expenses
- $110,713
- Program service expenses (Part III)
- $1,959,184
Program services were 85.9% 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)
$2,133,149
-
1f · All other contributions, gifts and grants
$238,945
-
2a · Program service revenue: Congregation meals
total $38,646 · related or exempt $38,646
-
3 · Investment income
total $27 · excluded $27
-
8a · Fundraising events: gross income
$118,066
-
8b · Fundraising events: direct expenses
$59,276
-
8c · Net income from fundraising events
total $58,790 · excluded $58,790
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $115,819 · program services $86,864 · management and general $11,582 · fundraising $17,373
-
7 · Other salaries and wages
total $762,142 · program services $660,242 · management and general $76,425 · fundraising $25,475
-
9 · Other employee benefits
total $45,012 · program services $38,303 · management and general $4,512 · fundraising $2,197
-
10 · Payroll taxes
total $74,799 · program services $63,651 · management and general $7,498 · fundraising $3,650
-
11c · Fees: accounting
total $70,000 · management and general $70,000
-
11d · Fees: lobbying
total $60,050 · fundraising $60,050
-
11g · Fees: other
total $60,552 · program services $54,235 · management and general $6,317
-
13 · Office expenses
total $179,647 · program services $176,054 · management and general $3,593
-
16 · Occupancy
total $384,705 · program services $365,470 · management and general $19,235
-
17 · Travel
total $32,503 · program services $32,503
-
19 · Conferences, conventions and meetings
total $32,992 · program services $32,992
-
23 · Insurance
total $20,989 · program services $18,890 · management and general $2,099
-
24a · Other expenses: Communication
total $19,728 · program services $17,755 · management and general $1,973
-
24b · Other expenses: Foods & participant expense
total $343,360 · program services $343,360
-
24c · Other expenses: Equipment lease
total $15,354 · program services $13,819 · management and general $1,535
-
24d · Other expenses: Media printing and postage
total $39,365 · program services $33,460 · management and general $3,937 · fundraising $1,968
-
24e · All other expenses
total $23,056 · program services $21,586 · management and general $1,470
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $498,754 · end of year $475,101
-
2 · Savings and temporary cash investments
beginning of year $202,218
-
3 · Pledges and grants receivable
beginning of year $442,356 · end of year $730,909
-
4 · Accounts receivable
beginning of year $6,670
-
10a · Land, buildings and equipment: cost or other basis
$3,579
-
10b · Land, buildings and equipment: accumulated depreciation
$3,579
-
15 · Other assets
beginning of year $44,330 · end of year $63,730
-
17 · Accounts payable and accrued expenses
beginning of year $48,524 · end of year $64,691
-
24 · Unsecured notes and loans payable
beginning of year $159,900 · end of year $157,336
-
25 · Other liabilities
beginning of year $19,071 · end of year $23,927
-
27 · Net assets without donor restrictions
beginning of year $966,833 · end of year $1,023,786
Mission and programs · 2023
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 $1,959,184
As filed on the 2023 return.
Listed in Part VII
-
Wai Yee Chan
President & CEO
- Total calculated
- $102,712
- From this org
- $102,712
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35
-
Michael Dong
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Kin Ng
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Jayson Lam
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Lana Cheung
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Gregory Gong
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Toi Shu Mui
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Joanna Wu
Secretary
- 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
- 2023
- Filed
- 15 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540909349300669
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