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← CPC TENANT AND BUILDING SERVICES INC

Form 990 for tax year 2023

Filed by CPC TENANT AND BUILDING SERVICES INC.

Totals

Total revenue
$6,633,459
Total expenses
$4,125,790
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,493,413
Investment income
$138,249
Other revenue
$1,797
Total assets, end of year
$19,301,939
Total liabilities, end of year
$55,646,030
Net assets or fund balances, end of year
-$36,344,091
Program services expenses (Part IX)
$4,125,790
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$4,125,790

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 REVENUE

    total $6,493,413 · related or exempt $6,493,413

  • 3 · Investment income

    total $138,249 · excluded $138,249

  • 11a · Other revenue: OTHER INCOME

    total $1,797 · related or exempt $1,797

  • 11e · Other revenue, total

    $1,797

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $389,166 · program services $389,166

  • 9 · Other employee benefits

    total $41,047 · program services $41,047

  • 10 · Payroll taxes

    total $37,883 · program services $37,883

  • 11a · Fees: management

    total $145,602 · program services $145,602

  • 11b · Fees: legal

    total $395 · program services $395

  • 11c · Fees: accounting

    total $23,301 · program services $23,301

  • 11g · Fees: other

    total $16,731 · program services $16,731

  • 13 · Office expenses

    total $13,088 · program services $13,088

  • 16 · Occupancy

    total $506,335 · program services $506,335

  • 20 · Interest

    total $1,332,963 · program services $1,332,963

  • 22 · Depreciation, depletion and amortization

    total $426,569 · program services $426,569

  • 23 · Insurance

    total $535,310 · program services $535,310

  • 24a · Other expenses: BUILDING REPAIRS

    total $448,877 · program services $448,877

  • 24b · Other expenses: BAD DEBTS

    total $94,575 · program services $94,575

  • 24c · Other expenses: HOME ATTENDANT MEDICAL

    total $54,180 · program services $54,180

  • 24d · Other expenses: MISCELLANEOUS

    total $31,912 · program services $31,912

  • 24e · All other expenses

    total $27,856 · program services $27,856

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,866,980 · end of year $7,460,035

  • 3 · Pledges and grants receivable

    beginning of year $17,596 · end of year $13,266

  • 4 · Accounts receivable

    beginning of year $96,360 · end of year $7,012

  • 9 · Prepaid expenses and deferred charges

    beginning of year $308,863 · end of year $572,253

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

    $24,779,235

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

    $14,684,870

  • 10c · Land, buildings and equipment, net

    beginning of year $10,379,207 · end of year $10,094,365

  • 15 · Other assets

    beginning of year $2,088,803 · end of year $1,155,008

  • 17 · Accounts payable and accrued expenses

    beginning of year $509,716 · end of year $675,257

  • 23 · Secured mortgages and notes payable

    beginning of year $56,039,941 · end of year $54,944,706

  • 25 · Other liabilities

    beginning of year $1,059,912 · end of year $26,067

  • 27 · Net assets without donor restrictions

    beginning of year -$38,851,760 · end of year -$36,344,091

Mission and programs · 2023

Mission

CPC'S TENANT AND BUILDING SERVICES MISSION IS TO PROMOTE SOCIAL AND ECONOMIC EMPOWERMENT OF CHINESE AMERICAN, IMMIGRANT AND LOW-INCOME COMMUNITIES.

  • CPC'S TENANT AND BUILDING SERVICES MISSION IS TO PROMOTE SOCIAL AND ECONOMIC EMPOWERMENT OF CHINESE AMERICAN, IMMIGRANT AND LOW-INCOME COMMUNITIES.

    Expenses $4,125,790 · Revenue $6,495,210

As filed on the 2023 return.

Listed in Part VII

  • Anthony Liu

    DIRECTOR (INCOMING)

    Total calculated
    $0
    Hours/week
    0.1 + 0.7 related

  • 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

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 4.9 related

  • Howard Chin

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related

  • Jay Lau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Veronica Tsang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 4.3 related

  • Alan Gerson

    GENERAL COUNSEL

    Total calculated
    $124,697
    From this org
    $0
    From related orgs
    $116,217
    Other
    $8,480
    Hours/week
    0.4 + 24.7 related

  • Alice Wong

    SECRETARY

    Total calculated
    $169,315
    From this org
    $0
    From related orgs
    $160,835
    Other
    $8,480
    Hours/week
    0.1 + 35.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $160,699 related
    Bonus
    $0
    Other
    $0 + $136 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $8,480 related
    Filer's total
    $0 + $169,315 related

  • Anthony Fullington

    CHIEF FINANCIAL OFFICER (OUTGOING)

    Total calculated
    $217,722
    From this org
    $0
    From related orgs
    $206,003
    Other
    $11,719
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $204,704 related
    Bonus
    $0
    Other
    $0 + $1,299 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $11,719 related
    Filer's total
    $0 + $217,722 related

  • Edgar Pereira

    CHIEF PROGRAM OFFICER

    Total calculated
    $231,344
    From this org
    $0
    From related orgs
    $208,741
    Other
    $22,603
    Hours/week
    0.1 + 35.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $208,277 related
    Bonus
    $0
    Other
    $0 + $464 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $22,603 related
    Filer's total
    $0 + $231,344 related

  • Lillian Zhao

    CONTROLLER

    Total calculated
    $181,419
    From this org
    $0
    From related orgs
    $155,566
    Other
    $25,853
    Hours/week
    0.1 + 36.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $154,973 related
    Bonus
    $0
    Other
    $0 + $593 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $25,853 related
    Filer's total
    $0 + $181,419 related

  • Luther Flurry

    CHIEF FINANCIAL OFFICER (INCOMING)

    Total calculated
    $0
    Hours/week
    0.1 + 39.9 related

  • Wayne Ho

    PRESIDENT & CEO

    Total calculated
    $290,601
    From this org
    $0
    From related orgs
    $266,473
    Other
    $24,128
    Hours/week
    0.1 + 45.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $266,075 related
    Bonus
    $0
    Other
    $0 + $398 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $24,128 related
    Filer's total
    $0 + $290,601 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 COUCIL, 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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • HONG NING LLC

    SUPPORT THE CHINESE-AMERICAN PLANNING COUNCIL, INC. · NY · income $6,633,459 · assets $19,301,939

    Directly controlled by CPC TENANT AND BUILDING SERVICES INC

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 ASSOCATES LLC

    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
2023
Filed
5 May 2025
IRS schema version
2023v6.0
Source object
202531329349301248

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