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← FRIENDS OF GRACE SENIORS INC

Form 990 for tax year 2025

Filed by FRIENDS OF GRACE SENIORS INC.

Totals

Total revenue
$90,620
Total expenses
$138,131
Contributions and grants received
$48,796
Grants paid
$0
Program service revenue
$40,850
Investment income
$8
Other revenue
$966
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$113,007
Management and general expenses
$12,077
Fundraising expenses
$13,047
Program service expenses (Part III)
$113,007

Program services were 81.8% 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)

    $16,816

  • 1f · All other contributions, gifts and grants

    $31,980

  • 2a · Program service revenue: Educational class fees

    total $40,850 · related or exempt $40,850

  • 3 · Investment income

    total $8 · excluded $8

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Other income

    total $966 · related or exempt $966

  • 11e · Other revenue, total

    $966

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $25,326 · program services $15,148 · management and general $4,810 · fundraising $5,368

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $23,347 · program services $23,347

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $4,420 · program services $3,496 · management and general $437 · fundraising $487

  • 11a · Fees: management

    total $188 · program services $188

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $3,863 · program services $3,055 · management and general $382 · fundraising $426

  • 14 · Information technology

    total $806 · program services $638 · management and general $79 · fundraising $89

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $2,980 · program services $2,357 · management and general $294 · fundraising $329

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $1,354 · program services $1,071 · management and general $134 · fundraising $149

  • 20 · Interest

    total $35,345 · program services $27,954 · management and general $3,493 · fundraising $3,898

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $15,596 · program services $12,335 · management and general $1,541 · fundraising $1,720

  • 23 · Insurance

    total $4,032 · program services $3,189 · management and general $398 · fundraising $445

  • 24a · Other expenses: Program supplies

    total $19,261 · program services $19,261

  • 24b · Other expenses: Repairs and maintenance

    total $895 · program services $708 · management and general $88 · fundraising $99

  • 24c · Other expenses: Bank charges and fees

    total $388 · management and general $388

  • 24d · Other expenses: dues and registrations

    total $330 · program services $260 · management and general $33 · fundraising $37

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $57,624 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $5,080,867 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    beginning of year $18,211 · end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $36,134

  • 23 · Secured mortgages and notes payable

    beginning of year $5,374,528

  • 27 · Net assets without donor restrictions

    beginning of year -$253,960

Mission and programs · 2025

Mission

To promote healthy and independent living for all ages and to integrate the people with Korean Heritage into the greater community through culture and education, outreach, health and social services,and civic advocacy.

  • Provided educational, cultural, and physical wellness programs through classes at the center. Assisted parents and children/youth promoting pride in themselves through seminar, counseling and other activities. Qualified instructors were recruited, and professional services were provided.

    Expenses $113,007 · Revenue $40,850

  • Provided senior care service through care management program, information, assistance, and benefit screening. Provided preventive health services including community health disparity prevention program, aging and disability resource centers care management program, health screening, health education, and immunization services. Advertised programs in the web and newspaper to induce public to join the programs. Performed art contest to create opportunities for the children, middle and high school students of KCC family members to receive recognition, encourage personal growth and confidence, offer professional development, meet and network with young professionals, etc.

  • Secure building space for the program services.

As filed on the 2025 return.

Listed in Part VII

  • Kyungmun Nam

    CEO

    Total calculated
    $6,385
    From this org
    $6,385
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Junghye Ahn

    Dir Health&Soc

    Total calculated
    $5,321
    From this org
    $5,321
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Seunghee Kang

    Dir Oper&Comm

    Total calculated
    $5,214
    From this org
    $5,214
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Il Kyung Song

    Creative Dir.

    Total calculated
    $4,256
    From this org
    $4,256
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Young Deck Lee

    Care Manager

    Total calculated
    $4,150
    From this org
    $4,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Kevin Shim

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Connie Choi

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Jason Chon

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • David Lee

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Myoungmi Kim

    President & CEO

    Total calculated
    $0
    Hours/week
    40

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.

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.

  • 237348989

    $42,605

    Liquidation · CASH AND CASH EQUIVALENTS · Feb 10, 2025 · 501(C)(3)

  • 237348989

    $7,100,000

    Liquidation · LAND AND BUILDING · Feb 10, 2025 · 501(C)(3)

Provenance

Return type
form_990
Tax year
2025
Filed
16 June 2026
IRS schema version
2025v4.1
Source object
202611679349301101

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