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Nonprofiteer
← PENN ASIAN SENIOR SERVICES INC

Form 990 for tax year 2022

Filed by PENN ASIAN SENIOR SERVICES INC.

Totals

Total revenue
$33,302,792
Total expenses
$27,296,911
Contributions and grants received
$2,102,298
Grants paid
$0
Program service revenue
$31,161,839
Investment income
$19,827
Other revenue
$18,828
Total assets, end of year
$22,763,501
Total liabilities, end of year
$3,210,713
Net assets or fund balances, end of year
$19,552,788
Program services expenses (Part IX)
$25,649,512
Management and general expenses
$1,293,146
Fundraising expenses
$354,253
Program service expenses (Part III)
$25,649,512

Program services were 94.0% 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.

  • 1a · Federated campaigns

    $82,000

  • 1c · Fundraising events

    $28,123

  • 1e · Government grants (contributions)

    $1,318,192

  • 1f · All other contributions, gifts and grants

    $673,983

  • 2a · Program service revenue: CONTRACT SERVICE FEES

    total $31,161,839 · related or exempt $31,161,839

  • 3 · Investment income

    total $19,827 · excluded $19,827

  • 8a · Fundraising events: gross income

    $5,160

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

    $28,123

  • 8b · Fundraising events: direct expenses

    $25,589

  • 8c · Net income from fundraising events

    total -$20,429 · excluded -$20,429

  • 11a · Other revenue: MISCELLANEOUS

    total $39,257 · related or exempt $39,257

  • 11e · Other revenue, total

    $39,257

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $160,959 · program services $151,301 · management and general $8,048 · fundraising $1,610

  • 7 · Other salaries and wages

    total $22,168,529 · program services $21,091,419 · management and general $857,215 · fundraising $219,895

  • 8 · Pension plan contributions

    total $224,597 · program services $211,121 · management and general $11,230 · fundraising $2,246

  • 9 · Other employee benefits

    total $539,845 · program services $515,293 · management and general $19,153 · fundraising $5,399

  • 10 · Payroll taxes

    total $2,095,037 · program services $1,969,335 · management and general $104,752 · fundraising $20,950

  • 11b · Fees: legal

    total $27,269 · management and general $27,269

  • 11c · Fees: accounting

    total $33,922 · management and general $33,922

  • 11g · Fees: other

    total $55,257 · program services $55,257

  • 12 · Advertising and promotion

    total $60,691 · program services $35,936 · management and general $2,104 · fundraising $22,651

  • 13 · Office expenses

    total $236,956 · program services $138,139 · management and general $92,993 · fundraising $5,824

  • 14 · Information technology

    total $70,698 · program services $60,093 · management and general $7,070 · fundraising $3,535

  • 16 · Occupancy

    total $207,338 · program services $176,237 · management and general $20,734 · fundraising $10,367

  • 19 · Conferences, conventions and meetings

    total $11,424 · program services $9,711 · management and general $1,142 · fundraising $571

  • 20 · Interest

    total $40,217 · program services $34,184 · management and general $6,033

  • 22 · Depreciation, depletion and amortization

    total $289,295 · program services $243,121 · management and general $30,783 · fundraising $15,391

  • 23 · Insurance

    total $120,402 · program services $102,342 · management and general $12,040 · fundraising $6,020

  • 24a · Other expenses: FOOD AND MEALS

    total $861,111 · program services $778,211 · management and general $43,234 · fundraising $39,666

  • 24b · Other expenses: MISCELLANEOUS

    total $78,132 · program services $62,580 · management and general $15,424 · fundraising $128

  • 24c · Other expenses: UNCOLLECTIBLE AMOUNTS

    total $8,917 · program services $8,917

  • 24d · Other expenses: DONATIONS

    total $6,315 · program services $6,315

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $890 · end of year $384

  • 2 · Savings and temporary cash investments

    beginning of year $6,217,404 · end of year $10,229,201

  • 4 · Accounts receivable

    beginning of year $2,416,623 · end of year $4,026,409

  • 9 · Prepaid expenses and deferred charges

    beginning of year $64,305 · end of year $58,163

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

    $10,171,679

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

    $1,722,335

  • 10c · Land, buildings and equipment, net

    beginning of year $8,709,291 · end of year $8,449,344

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,427,595 · end of year $1,971,154

  • 19 · Deferred revenue

    beginning of year $100,000

  • 23 · Secured mortgages and notes payable

    beginning of year $1,334,011 · end of year $1,239,559

  • 27 · Net assets without donor restrictions

    beginning of year $13,546,907 · end of year $19,384,060

  • 28 · Net assets with donor restrictions

    end of year $168,728

Mission and programs · 2022

Mission

TO PROMOTE THE WELL BEING OF ASIAN AMERICAN SENIORS AND OTHER ADULTS WHO ARE DISADVANTAGED BY THEIR LANGUAGE BARRIER AND OTHER CULTURAL BARRIERS.

  • IN 2022 THE ORGANIZATION SERVED MORE THAN 750 CLIENTS, ASIAN AMERICAN SENIORS AND OTHER ADULTS WHO ARE DISADVANTAGED BY THEIR LANGUAGE AND CULTURAL BARRIERS. UNDER THE HOME CARE DIVISION, APPROX. 730 CLIENTS WERE SERVED IN THEIR OWN ETHNIC LANGUAGES. AN ADDITIONAL 198 ASIAN ELDERLY WERE SERVED IN ITS ADULT DAY CARE CENTER, WHICH WAS OPENED IN 2014.

    Expenses $25,649,512 · Revenue $31,201,096

As filed on the 2022 return.

Listed in Part VII

  • Kenneth Yang

    CEO

    Total calculated
    $150,902
    From this org
    $131,466
    From related orgs
    $0
    Other
    $19,436
    Hours/week
    40

  • Jimmy C Chong Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian M Duke Mha Mbe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Soon Y Jung MD March 2023

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Grace Wu Kong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joanne E McClinton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patricia Modafferi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pearl Lee

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • David A Miller

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Oscar P Vance Jr

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dr Binh P Le

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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
2022
Filed
28 June 2023
IRS schema version
2022v5.0
Source object
202321929349300517

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