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Nonprofiteer
← CPC HEADQUARTERS INC

Form 990 for tax year 2024

Filed by CPC HEADQUARTERS INC.

Totals

Total revenue
$2,235,732
Total expenses
$2,476,613
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,235,732
Investment income
$0
Other revenue
$0
Total assets, end of year
$15,506,679
Total liabilities, end of year
$16,149,095
Net assets or fund balances, end of year
-$642,416
Program services expenses (Part IX)
$2,476,613
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$2,476,613

Program services were 100.0% 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: RENTAL INCOME

    total $2,235,732 · related or exempt $2,235,732

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $47,500 · program services $47,500

  • 11b · Fees: legal

    total $64,642 · program services $64,642

  • 11c · Fees: accounting

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

  • 11g · Fees: other

    total $123,797 · program services $123,797

  • 13 · Office expenses

    total $30,105 · program services $30,105

  • 16 · Occupancy

    total $111,130 · program services $111,130

  • 22 · Depreciation, depletion and amortization

    total $1,629,228 · program services $1,629,228

  • 23 · Insurance

    total $98,844 · program services $98,844

  • 24a · Other expenses: BDG. & MAINT. & REPAIRS

    total $362,841 · program services $362,841

  • 24b · Other expenses: MEMB. & OTHER DUES

    total $6,500 · program services $6,500

  • 24c · Other expenses: MISCELLANEOUS

    total $26 · program services $26

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,991,554 · end of year $2,050,624

  • 9 · Prepaid expenses and deferred charges

    beginning of year $111,858 · end of year $78,438

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

    $15,384,340

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

    $2,035,009

  • 10c · Land, buildings and equipment, net

    beginning of year $14,794,026 · end of year $13,349,331

  • 15 · Other assets

    beginning of year $0 · end of year $28,286

  • 17 · Accounts payable and accrued expenses

    beginning of year $449,804 · end of year $284,696

  • 25 · Other liabilities

    beginning of year $16,849,169 · end of year $15,864,399

  • 27 · Net assets without donor restrictions

    beginning of year -$401,535 · end of year -$642,416

Mission and programs · 2024

Mission

TO SUPPORT ITS SOLE MEMBER CPC AND CPC'S CHARITABLE EFFORTS, ENDEAVORS, AND MISSION.

  • TO SUPPORT ITS SOLE MEMBER CPC AND CPC'S CHARITABLE EFFORTS, ENDEAVORS, AND MISSION, INCLUDING, BUT NOT LIMITED TO OWNING A CONDOMINIUM AND PROVIDING THE UNIT TO CPC FOR THE PURPOSE OF MAINTAINING ADMINISTRATIVE OFFICE SPACE, PROGRAM SPACE, AND COMMUNITY SPACE AND TO PROVIDE ACCESS TO CPC OF RELATED STORAGE AND OUTDOOR SPACES AS PER A LEASE AGREEMENT BETWEEN THE TWO ENTITIES.

    Expenses $2,476,613 · Revenue $2,235,732

As filed on the 2024 return.

Listed in Part VII

  • Calvin Chin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1.4 related

  • Chester Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1.4 related

  • Eddie Mo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.4 related

  • Flora Si

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 4.9 related

  • Gigi Lam

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 2.2 related

  • Howard Chin

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related

  • Jay Lau

    DIRECTOR (OUTGOING)

    Total calculated
    $0
    Hours/week
    1 + 1.3 related

  • Veronica Tsang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 3.4 related

  • Alan Gerson

    GENERAL COUNSEL

    Total calculated
    $130,733
    From this org
    $0
    From related orgs
    $122,254
    Other
    $8,479
    Hours/week
    0.4 + 22.2 related

  • Alice Wong

    CHIEF OF STAFF

    Total calculated
    $187,416
    From this org
    $0
    From related orgs
    $178,937
    Other
    $8,479
    Hours/week
    0.1 + 36.25 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,775 related
    Bonus
    $0
    Other
    $0 + $162 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $8,479 related
    Filer's total
    $0 + $187,416 related

  • Edgar Pereira

    CHIEF PROGRAM OFFICER

    Total calculated
    $242,933
    From this org
    $0
    From related orgs
    $220,330
    Other
    $22,603
    Hours/week
    0.1 + 35.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $219,839 related
    Bonus
    $0
    Other
    $0 + $491 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $22,603 related
    Filer's total
    $0 + $242,933 related

  • Lillian Zhao

    SENIOR DIRECTOR OF FINANCE

    Total calculated
    $206,630
    From this org
    $0
    From related orgs
    $180,027
    Other
    $26,603
    Hours/week
    0.1 + 39.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,330 related
    Bonus
    $0
    Other
    $0 + $697 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $26,603 related
    Filer's total
    $0 + $206,630 related

  • Luther Flurry

    CHIEF FINANICAL OFFICER

    Total calculated
    $147,921
    From this org
    $0
    From related orgs
    $127,531
    Other
    $20,390
    Hours/week
    0.1 + 38.8 related

  • Wayne Ho

    PRESIDENT & CEO

    Total calculated
    $330,576
    From this org
    $0
    From related orgs
    $300,703
    Other
    $29,873
    Hours/week
    0.1 + 46.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $300,253 related
    Bonus
    $0
    Other
    $0 + $450 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $29,873 related
    Filer's total
    $0 + $330,576 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/CEO IS ESTABLISHED BY THE RELATED ORGANIZATION, CHINESE-AMERICAN PLANNING COUNCIL, 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.

  • NORFOLK MM LLC

    PROVIDE AFFORDABLE RENTAL HOUSING · NY

  • 110 FULTON ASSOCIATES

    PROVIDE AFFORDABLE RENTAL HOUSING · NY

Related corporations and trusts

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

  • CPC NORFOLK SENIOR INC

    C · HOUSING · NY

Provenance

Return type
form_990
Tax year
2024
Filed
6 May 2026
IRS schema version
2024v5.5
Source object
202621289349301847

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