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Nonprofiteer
← HONG LOK

Form 990 for tax year 2022

Filed by HONG LOK.

Totals

Total revenue
$292,294
Total expenses
$511,531
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$359,026
Investment income
-$66,732
Other revenue
$0
Total assets, end of year
$3,882,330
Total liabilities, end of year
$74,123
Net assets or fund balances, end of year
$3,808,207
Program services expenses (Part IX)
$442,596
Management and general expenses
$68,935
Fundraising expenses
$0
Program service expenses (Part III)
$442,596

Program services were 86.5% 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.

  • 2a · Program service revenue: NET RENTAL INCOME

    total $358,484 · related or exempt $358,484

  • 2b · Program service revenue: LAUNDRY AND VENDING

    total $517 · related or exempt $517

  • 2c · Program service revenue: DAMAGES/CLEANING FEES

    total $25 · related or exempt $25

  • 3 · Investment income

    total $48 · excluded $48

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

    other assets $66,780

  • 7c · Gain or loss

    other assets -$66,780

  • 7d · Net gain or loss

    total -$66,780 · excluded -$66,780

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $107,157 · program services $103,370 · management and general $3,787

  • 9 · Other employee benefits

    total $28,236 · program services $27,238 · management and general $998

  • 10 · Payroll taxes

    total $10,997 · program services $10,608 · management and general $389

  • 11a · Fees: management

    total $22,176 · management and general $22,176

  • 11b · Fees: legal

    total $591 · management and general $591

  • 11c · Fees: accounting

    total $17,446 · management and general $17,446

  • 11g · Fees: other

    total $21,768 · program services $21,768

  • 12 · Advertising and promotion

    total $540 · program services $540

  • 13 · Office expenses

    total $22,622 · management and general $22,622

  • 16 · Occupancy

    total $57,345 · program services $57,345

  • 17 · Travel

    total $271 · management and general $271

  • 19 · Conferences, conventions and meetings

    total $250 · management and general $250

  • 22 · Depreciation, depletion and amortization

    total $123,353 · program services $123,353

  • 23 · Insurance

    total $18,017 · program services $18,017

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $57,229 · program services $57,229

  • 24b · Other expenses: PERMITS & LICENSES

    total $23,128 · program services $23,128

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $405 · management and general $405

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $129,963 · end of year $62,285

  • 4 · Accounts receivable

    beginning of year $11,553 · end of year $199

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,127 · end of year $9,783

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

    $4,851,800

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

    $1,394,713

  • 10c · Land, buildings and equipment, net

    beginning of year $3,641,305 · end of year $3,457,087

  • 15 · Other assets

    beginning of year $328,964 · end of year $352,976

  • 17 · Accounts payable and accrued expenses

    beginning of year $57,904 · end of year $25,456

  • 19 · Deferred revenue

    beginning of year $110 · end of year $121

  • 21 · Escrow or custodial account liability

    beginning of year $7,791 · end of year $7,953

  • 25 · Other liabilities

    beginning of year $26,663 · end of year $40,593

  • 27 · Net assets without donor restrictions

    beginning of year $4,027,444 · end of year $3,808,207

Mission and programs · 2022

Mission

TO PROVIDE HOUSING AND SUPPORT SERVICES FOR ELDERLY AND HANDICAPPED PERSONS.

  • THIS ORGANIZATION PROVIDED AFFORDABLE HOUSING TO ELDERLY PERSONS THROUGH THE OPERATION OF A 42-UNIT HUD 202 PRAC MULTIFAMILY HOUSING COMMUNITY IN PHOENIX, ARIZONA. THE ORGANIZATION PROVIDED DECENT, SAFE AND SANITARY HOUSING TO 72 RESIDENTS: 1% UNDER 62; 57% BETWEEN THE AGES 62-81; 39% BETWEEN THE AGES 82-93 AND 3% AGE 94+. HONG LOK EMPLOYS A SERVICE COORDINATOR WHO ASSISTED RESIDENTS WITH OBTAINING A VARIETY OF SOCIAL SERVICES AND REFERRALS. IN 2022, THIS COMMUNITY SLOWLY RESUMED REGULAR ACTIVITIES AFTER BEING IMPACTED BY THE COVID-19 PANDEMIC. WHILE MANY RESIDENTS CONTINUED TO BE IMPACTED BY THE ONGOING EFFECTS OF SOCIAL ISOLATION AND QUARANTINE, MANY OF THE REFERRAL SERVICES PROVIDED BY THE SERVICE COORDINATOR FOCUSED ON IN-HOME HEALTHCARE SERVICES, HOME DELIVERED MEALS, FOOD BANK PROGRAMS AND FOOD (CONT'D ON SCH O) DISTRIBUTION, ISOLATION PREVENTION, TECHNOLOGY SUPPORT, TRANSPORTATION, EMERGENCY FINANCIAL ASSISTANCE, PRESCRIPTION DELIVERY ASSISTANCE, AND ENTITLEMENT PROGRAMS (SOCIAL SECURITY AND MEDICARE). RESIDENT ACTIVITIES AND EDUCATIONAL IN-SERVICES RESUMED WHILE RESIDENTS CONTINUED TO OBSERVE SOCIAL DISTANCING AND RECOMMENDED MASK WEARING.

    Expenses $442,596 · Revenue $359,026

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Cheak Yee

    CHAIR

    Total calculated
    $0
    Hours/week
    0.2

  • Teresa Yung

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.2

  • Rudy Yee

    TREASURER

    Total calculated
    $0
    Hours/week
    0.2

  • Brenda Fung

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2

  • Joe Yue

    AUDITOR

    Total calculated
    $0
    Hours/week
    0.2

  • Margaret T Liu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Tony Tang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
30 September 2023
IRS schema version
2022v5.0
Source object
202312799349301721

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