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Nonprofiteer
← KOREAN COMMUNITY DEVELOPMENT SERVICES CENTER

Form 990 for tax year 2024

Filed by KOREAN COMMUNITY DEVELOPMENT SERVICES CENTER.

Totals

Total revenue
$1,835,463
Total expenses
$1,584,531
Contributions and grants received
$922
Grants paid
$0
Program service revenue
$1,550,671
Investment income
$20,927
Other revenue
$262,943
Total assets, end of year
$5,517,247
Total liabilities, end of year
$128,418
Net assets or fund balances, end of year
$5,388,829
Program services expenses (Part IX)
$1,499,834
Management and general expenses
$84,697
Fundraising expenses
$0
Program service expenses (Part III)
$1,499,834

Program services were 94.7% 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.

  • 1f · All other contributions, gifts and grants

    $922

  • 2a · Program service revenue: DAYCARE INCOME

    total $990,480 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: RENTAL INCOME

    total $560,191 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $20,927 · unrelated business $0 · excluded $0

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $24,038 · related or exempt $24,038 · unrelated business $0 · excluded $0

  • 11b · Other revenue: OTHER INCOME

    total $238,905 · related or exempt $238,905 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $262,943

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $604,259 · program services $592,174 · management and general $12,085 · fundraising $0

  • 10 · Payroll taxes

    total $69,641 · program services $68,248 · management and general $1,393 · fundraising $0

  • 12 · Advertising and promotion

    total $1,650 · program services $0 · management and general $1,650 · fundraising $0

  • 13 · Office expenses

    total $57,623 · program services $54,742 · management and general $2,881 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $7,451 · program services $7,451 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $165,156 · program services $165,156 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $116,811 · program services $105,130 · management and general $11,681 · fundraising $0

  • 24a · Other expenses: REAL ESTATE TAXES

    total $136,422 · program services $136,422 · management and general $0 · fundraising $0

  • 24b · Other expenses: PROFESSIOBAL FEES

    total $264,168 · program services $211,334 · management and general $52,834 · fundraising $0

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $73,630 · program services $72,157 · management and general $1,473 · fundraising $0

  • 24d · Other expenses: TELEPHONE

    total $17,740 · program services $17,740 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $69,980 · program services $69,280 · management and general $700 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $174,127 · end of year $1,402,297

  • 4 · Accounts receivable

    beginning of year $355,867 · end of year $234,947

  • 9 · Prepaid expenses and deferred charges

    beginning of year $82,193 · end of year $84,993

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

    $5,420,612

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

    $2,048,340

  • 10c · Land, buildings and equipment, net

    beginning of year $4,019,298 · end of year $3,372,272

  • 15 · Other assets

    beginning of year $629,183 · end of year $422,738

  • 17 · Accounts payable and accrued expenses

    beginning of year $64,601 · end of year $70,393

  • 25 · Other liabilities

    beginning of year $58,170 · end of year $58,025

  • 27 · Net assets without donor restrictions

    beginning of year $5,137,897 · end of year $5,388,829

Mission and programs · 2024

Mission

KOREAN COMMUNITY DEVELOPMENT SERVICES CENTERS (KCDSC) MISSION IS TO PROVIDE THE MEMBERS OF OUR COMMUNITY WITH SUPPORT SERVICES THAT THEY NEED TO ACHIEVE PERSONAL GROWTH AND PURSUE COMMUNITY GROWTH. KCDSC ALSO PROVIDES SERVICES TO NEWLY-ARRIVED IMMIGRANTS AND REFUGEES AS WELL AS OTHER LOW INCOME AND/OR MINORITY GROUP.

  • DAYCARE CENTER PROGRAM - KCDSC PROVIDES EXTENDED DAY CARE FOR CHILDREN OF IMMIGRANTS AS WELL AS OTHER LOW INCOME FAMILIES. THIS PROGRAM ALSO OFFERS A PRESCHOOL PROGRAM.

    Expenses $861,582 · Revenue $990,480

  • HOUSING DEVELOPMENT - KCDSC ACQUIRES RESIDENTIAL PROPERTIES AND RENTS THE PROPERTIES TO IMMIGRANTS AND OTHER LOW INCOME FAMILIES.

    Expenses $638,252 · Revenue $560,191

As filed on the 2024 return.

Listed in Part VII

  • DR JIN H YU

    CHAIR OF THE BOARD

    Total calculated
    $16,731
    From this org
    $16,731
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • JIM CHO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHUNGWHA LEE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMES REED

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TOM STAFFORD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAE YOUN UM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MOO YOO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DON YU

    EXECUTIVE DIRECTOR

    Total calculated
    $35,385
    From this org
    $35,385
    From related orgs
    $0
    Other
    $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.

Provenance

Return type
form_990
Tax year
2024
Filed
18 March 2025
IRS schema version
2024v5.1
Source object
202531259349301443

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