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Nonprofiteer
← KOREAN COMMUNITY SERVICES OF METROPOLITAN NEW YORK INC

Form 990 for tax year 2023

Filed by KOREAN COMMUNITY SERVICES OF METROPOLITAN NEW YORK INC.

Totals

Total revenue
$11,335,665
Total expenses
$11,227,911
Contributions and grants received
$9,275,413
Grants paid
$180,539
Program service revenue
$1,957,214
Investment income
$75,544
Other revenue
$27,494
Total assets, end of year
$14,872,639
Total liabilities, end of year
$5,609,514
Net assets or fund balances, end of year
$9,263,125
Program services expenses (Part IX)
$8,812,773
Management and general expenses
$2,163,704
Fundraising expenses
$251,434
Program service expenses (Part III)
$8,812,773

Program services were 78.5% 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.

  • 1c · Fundraising events

    $566,445

  • 1e · Government grants (contributions)

    $7,081,382

  • 1f · All other contributions, gifts and grants

    $1,627,586

  • 1g · Noncash contributions included above

    $21,521

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $1,957,214 · related or exempt $1,957,214

  • 3 · Investment income

    total $79,597 · excluded $79,597

  • 6a · Gross rents

    real property $130,861

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $130,861

  • 6d · Net rental income or loss

    total $130,861 · excluded $130,861

  • 7a · Gross sales of assets other than inventory

    securities $124,467

  • 7b · Less cost or other basis and sales expenses

    securities $128,520

  • 7c · Gain or loss

    securities -$4,053

  • 7d · Net gain or loss

    total -$4,053 · excluded -$4,053

  • 8a · Fundraising events: gross income

    $162,417

  • 8a · Fundraising events: contributions included on line 1c

    $566,445

  • 8b · Fundraising events: direct expenses

    $268,795

  • 8c · Net income from fundraising events

    total -$106,378 · excluded -$106,378

  • 11a · Other revenue: OTHER

    total $3,011 · excluded $3,011

  • 11e · Other revenue, total

    $3,011

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $180,539 · program services $180,539

  • 5 · Compensation of officers, directors and key employees

    total $156,185 · program services $130,053 · management and general $20,982 · fundraising $5,150

  • 7 · Other salaries and wages

    total $5,917,009 · program services $4,926,990 · management and general $794,911 · fundraising $195,108

  • 8 · Pension plan contributions

    total $40,185 · program services $33,461 · management and general $5,399 · fundraising $1,325

  • 9 · Other employee benefits

    total $496,909 · program services $413,768 · management and general $66,756 · fundraising $16,385

  • 10 · Payroll taxes

    total $452,909 · program services $377,130 · management and general $60,845 · fundraising $14,934

  • 11c · Fees: accounting

    total $380,873 · management and general $380,873

  • 11f · Fees: investment management

    total $7,574 · management and general $7,574

  • 11g · Fees: other

    total $238,148 · program services $151,728 · management and general $82,183 · fundraising $4,237

  • 12 · Advertising and promotion

    total $158,693 · program services $138,966 · management and general $15,051 · fundraising $4,676

  • 13 · Office expenses

    total $245,846 · program services $234,521 · management and general $11,227 · fundraising $98

  • 14 · Information technology

    total $46,278 · program services $39,422 · management and general $6,856

  • 16 · Occupancy

    total $697,690 · program services $540,806 · management and general $156,884

  • 17 · Travel

    total $59,857 · program services $40,133 · management and general $19,574 · fundraising $150

  • 19 · Conferences, conventions and meetings

    total $58,735 · program services $36,444 · management and general $19,138 · fundraising $3,153

  • 20 · Interest

    total $157,625 · management and general $157,625

  • 22 · Depreciation, depletion and amortization

    total $247,343 · program services $116,451 · management and general $130,892

  • 23 · Insurance

    total $73,589 · program services $53,392 · management and general $18,083 · fundraising $2,114

  • 24a · Other expenses: FOOD

    total $845,106 · program services $837,651 · management and general $7,455

  • 24b · Other expenses: PROGRAM

    total $251,967 · program services $251,420 · management and general $547

  • 24c · Other expenses: CONTRACT SERVICES

    total $155,390 · program services $151,973 · management and general $3,417

  • 24d · Other expenses: VEHICLES

    total $147,125 · program services $48,601 · management and general $98,524

  • 24e · All other expenses

    total $212,336 · program services $109,324 · management and general $98,908 · fundraising $4,104

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,351,833 · end of year $381,895

  • 2 · Savings and temporary cash investments

    beginning of year $207,225 · end of year $125,858

  • 3 · Pledges and grants receivable

    beginning of year $3,460,918 · end of year $4,340,981

  • 4 · Accounts receivable

    beginning of year $186,953 · end of year $235,025

  • 9 · Prepaid expenses and deferred charges

    beginning of year $123,740 · end of year $68,445

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

    $10,190,889

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

    $1,780,047

  • 10c · Land, buildings and equipment, net

    beginning of year $8,534,234 · end of year $8,410,842

  • 11 · Investments: publicly traded securities

    beginning of year $722,552 · end of year $920,292

  • 15 · Other assets

    beginning of year $454,718 · end of year $389,301

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,326,653 · end of year $1,224,860

  • 19 · Deferred revenue

    beginning of year $339,909 · end of year $196,364

  • 23 · Secured mortgages and notes payable

    beginning of year $3,956,188 · end of year $3,857,416

  • 25 · Other liabilities

    beginning of year $395,793 · end of year $330,874

  • 27 · Net assets without donor restrictions

    beginning of year $7,770,398 · end of year $7,614,322

  • 28 · Net assets with donor restrictions

    beginning of year $1,253,232 · end of year $1,648,803

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

TO SUPPORT AND ASSIST MEMBERS OF THE KOREAN COMMUNITY TO BE HEALTHY AND PRODUCTIVE INDIVIDUALS.

  • AGING PROGRAMS:KCS PROVIDES VARIOUS ASSISTANCE TO ROUGHLY 600 SENIORS DAILY THROUGH ITS TWO SENIOR CENTERS, ADULT DAY CARE CENTER, SENIOR COMMUNITY SERVICE EMPLOYMENT PROGRAM, AND HOMEBOUND MEALS-ON-WHEELS PROGRAM. THE GOAL OF THESE PROGRAMS IS TO ENSURE THAT SENIORS ARE ABLE TO AGE WITH DIGNITY AND IN THE COMMUNITY WHERE THEY FEEL MOST COMFORTABLE. WE ACHIEVE THIS BY PROVIDING CONGREGATE MEALS, EDUCATION AND RECREATION, CASE ASSISTANCE AND REFERRALS, FRIENDLY VISITS, TELEPHONE ASSURANCE SERVICES, JOB TRAINING AND EMPLOYMENT.

    Expenses $3,674,497 · Revenue $1,460,307

  • PUBLIC HEALTH AND RESEARCH CENTER:THROUGH OUR PUBLIC HEALTH PROGRAMS, KCS PROMOTES HEALTHY EATING AND LIVING ALONG WITH PREVENTIVE MEDICAL CARE THROUGH ITS FREE HEALTH SCREENINGS AND RESEARCH PROJECTS. KCS HAS PARTNERSHIPS WITH VARIOUS FOUNDATIONS, ACADEMIC INSTITUTIONS, AND MEDICAL SERVICE PROVIDERS TO ENSURE THAT THE CHRONIC HEALTH NEEDS OF OUR COMMUNITY ARE REFLECTED IN RESEARCH AND DATA COLLECTION, IN ADDITION TO PROVIDING FREE MEDICAL SERVICES FOR OUR COMMUNITY.

    Expenses $2,075,471 · Revenue $1,537

  • EDUCATION:THROUGH OUR ADULT LITERACY PROGRAM, SUMMER YOUTH COMMUNITY ACTION PROJECT, CIVIC ENGAGEMENT PROGRAM, WE HOPE TO EMPOWER OUR COMMUNITY BY GIVING THEM THE NECESSARY TOOLS TO BECOME MORE SELF-SUFFICIENT AND ACTIVE MEMBERS IN THE COMMUNITY.IMMIGRATION:THE PROGRAM CONNECTS IMMIGRANT NEW YORKERS TO FREE, SAFE, AND HIGH-QUALITY IMMIGRATION LEGAL SERVICES IN THEIR COMMUNITY AND IN THEIR LANGUAGE. THROUGH ITS CITYWIDE HOTLINE, CENTRALIZED APPOINTMENT-MAKING SYSTEM, AND ACCESSIBLE SERVICE LOCATIONS INCLUDING BUT NOT LIMITED TO CBOS, SCHOOLS, AND HOSPITALS, THE PROGRAM SERVES AS THE ENTRY POINT FOR NEW YORKERS SEEKING IMMIGRATION LEGAL SERVICES.

    Expenses $977,852

  • MENTAL HEALTH CLINIC:THE MENTAL HEALTH CLINIC IS THE FIRST STATE-LICENSED MENTAL HEALTH CLINIC OPERATED BY A KOREAN NONPROFIT ORGANIZATION. THE CLINIC PROVIDES CULTURALLY SENSITIVE SERVICES IN A WARM, WELCOMING ENVIRONMENT IN BOTH KOREAN AND ENGLISH. SERVICES INCLUDE INITIAL ASSESSMENT, PSYCHIATRIC ASSESSMENT, CRISIS INTERVENTION, COMPLEX CARE MANAGEMENT, PSYCHOTROPIC MEDICATION MANAGEMENT, HEALTH ASSESSMENT AND MONITORING, INDIVIDUAL PSYCHOTHERAPY, GROUP PSYCHOTHERAPY, AND FAMILY, COUPLE, COLLATERAL PSYCHOTHERAPY.WORKFORCE DEVELOPMENT:THE WORKFORCE DEVELOPMENT PROGRAM SERVES LOW-INCOME AND LIMITED-ENGLISH PROFICIENT SENIORS OF THE ASIAN AND PACIFIC ISLANDERS COMMUNITY BY ASSISTING UNEMPLOYED SENIORS FIND FULL OR PART-TIME UNSUBSIDIZED EMPLOYMENT. IT DOES THIS BY ENABLING MEMBERS TO ACQUIRE WORK EXPERIENCE AND JOB TRAINING AT NONPROFITS AND GOVERNMENT AGENCIES. PARTICIPANTS RECEIVE GOVERNMENT-FUNDED TRAINING IN PRACTICAL AREAS SUCH AS SECRETARIAL AND CLERICAL WORK AND RECEIVE MINIMUM WAGE EARNINGS, AS WELL AS NEED-BASED SOCIAL SERVICES SUCH AS FOOD STAMPS, SENIOR APARTMENTS, SUPPLEMENTAL SECURITY INCOME AND LEGAL CONSULTATION.

    Expenses $2,084,953 · Revenue $495,370

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Danny Kim

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Anne Hyun Jin Kim

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Warren Huang

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Suh Kyun Yoon

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Sun Song

    GALA CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Hyunjonn Lee MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chris In Chung

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jay H Kim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gene Y Kang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Neil Park

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Soo J Yu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Myoungmi Kim

    PRESIDENT & CEO

    Total calculated
    $138,811
    From this org
    $112,587
    From related orgs
    $0
    Other
    $26,224
    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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202531349349305313

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