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Nonprofiteer
← AHSC QALICB

Form 990 for tax year 2023

Filed by AHSC QALICB.

Totals

Total revenue
$560,150
Total expenses
$1,003,610
Contributions and grants received
$0
Grants paid
$280,000
Program service revenue
$560,150
Investment income
$0
Other revenue
$0
Total assets, end of year
$86,853
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$86,853
Program services expenses (Part IX)
$497,308
Management and general expenses
$484,571
Fundraising expenses
$21,731
Program service expenses (Part III)
$497,308

Program services were 49.6% 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.

  • 2a · Program service revenue: RENT FROM SUPPORTED OR

    total $560,150 · related or exempt $560,150

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $280,000 · program services $280,000

  • 11g · Fees: other

    total $171,721 · management and general $171,721

  • 20 · Interest

    total $186,960 · management and general $186,960

  • 22 · Depreciation, depletion and amortization

    total $362,180 · program services $217,308 · management and general $123,141 · fundraising $21,731

  • 23 · Insurance

    total $2,401 · management and general $2,401

  • 24a · Other expenses: MISCELLANEOUS

    total $348 · management and general $348

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $398,884 · end of year $86,653

  • 9 · Prepaid expenses and deferred charges

    beginning of year $200 · end of year $200

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $12,350,754

  • 15 · Other assets

    beginning of year $1,291,539 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,394

  • 19 · Deferred revenue

    beginning of year $14,280

  • 23 · Secured mortgages and notes payable

    beginning of year $14,183,516

  • 27 · Net assets without donor restrictions

    beginning of year -$161,813 · end of year $86,853

Mission and programs · 2023

Mission

THE CORPORATION'S PRIMARY MISSION IS TO ACQUIRE AND DEVELOP A HEALTH AND SERVICE CENTER THAT INCLUDES A HEALTH CLINIC, OFFICES, AND COMMUNITY SPACE FOR CLASSES, MEAL PROGRAMS, AND OTHER COMMUNITY ACTIVITIES.

Activities or mission (Part I)

TO ACQUIRE AND DEVELOP A HEALTH AND SERVICE CENTER THAT WILL INCLUDE A HEALTH CLINIC, OFFICES AND COMMUNITY SPACE FOR CLASSES, MEAL PROGRAMS, AND OTHER COMMUNITY ACTIVITIES

  • THE ORGANIZATION ACQUIRED PROPERTY AND CONSTRUCTED A BUILDING IN 2018, WHICH SERVES AS A HEALTH CLINIC AND COMMUNITY CENTER FOR ITS SUPPORTED ORGANIZATION, ASIAN HEALTH AND SERVICE CENTER, A 501(C)(3) ORGANIZATION.

    Expenses $497,308 · Grants $280,000 · Revenue $560,150

As filed on the 2023 return.

Listed in Part VII

  • Holden Leung

    PRESIDENT

    Total calculated
    $193,520
    From this org
    $0
    From related orgs
    $185,630
    Other
    $7,890
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $185,630 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,890 related
    Filer's total
    $0 + $193,520 related

  • Dr Paul Leung

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John Lau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 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

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

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • ASIAN HEALTH AND SERVICE CENTER

    $13,506,313

    Disposition · PROPERTY AND EQUIPMENT TRANSFERRED TO SUPPORTED 501(C)3 ORGANIZATION UPON UNWIND OF NEW MARKETS TAX CREDIT · Jun 30, 2024 · 501(C)3

Provenance

Return type
form_990
Tax year
2023
Filed
22 November 2024
IRS schema version
2023v5.1
Source object
202403279349301810

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