Totals
- Total revenue
- $357,187
- Total expenses
- $502,031
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $359,868
- Investment income
- -$2,681
- Other revenue
- $0
- Total assets, end of year
- $3,771,538
- Total liabilities, end of year
- $108,175
- Net assets or fund balances, end of year
- $3,663,363
- Program services expenses (Part IX)
- $438,714
- Management and general expenses
- $63,317
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $438,714
Program services were 87.4% 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 $359,266 · related or exempt $359,266
-
2b · Program service revenue: LAUNDRY AND VENDING
total $527 · related or exempt $527
-
2c · Program service revenue: DAMAGES/CLEANING FEES
total $75 · related or exempt $75
-
3 · Investment income
total $3,233 · excluded $3,233
-
7b · Less cost or other basis and sales expenses
other assets $5,914
-
7c · Gain or loss
other assets -$5,914
-
7d · Net gain or loss
total -$5,914 · excluded -$5,914
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $115,514 · program services $111,385 · management and general $4,129
-
9 · Other employee benefits
total $32,221 · program services $31,069 · management and general $1,152
-
10 · Payroll taxes
total $11,762 · program services $11,342 · management and general $420
-
11a · Fees: management
total $22,176 · management and general $22,176
-
11b · Fees: legal
total $621 · management and general $621
-
11c · Fees: accounting
total $18,344 · management and general $18,344
-
11g · Fees: other
total $34,345 · program services $34,345
-
12 · Advertising and promotion
total $1,700 · program services $1,700
-
13 · Office expenses
total $13,997 · management and general $13,997
-
16 · Occupancy
total $50,390 · program services $50,390
-
17 · Travel
total $472 · management and general $472
-
19 · Conferences, conventions and meetings
total $1,890 · management and general $1,890
-
22 · Depreciation, depletion and amortization
total $124,013 · program services $124,013
-
23 · Insurance
total $20,499 · program services $20,499
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $45,670 · program services $45,670
-
24b · Other expenses: TAXES, LICENSES AND FEE
total $8,301 · program services $8,301
-
24c · Other expenses: MISCELLANEOUS EXPENSES
total $116 · management and general $116
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $62,285 · end of year $59,724
-
4 · Accounts receivable
beginning of year $199 · end of year $487
-
9 · Prepaid expenses and deferred charges
beginning of year $9,783 · end of year $10,608
-
10a · Land, buildings and equipment: cost or other basis
$4,854,998
-
10b · Land, buildings and equipment: accumulated depreciation
$1,516,021
-
10c · Land, buildings and equipment, net
beginning of year $3,457,087 · end of year $3,338,977
-
15 · Other assets
beginning of year $352,976 · end of year $361,742
-
17 · Accounts payable and accrued expenses
beginning of year $25,456 · end of year $57,363
-
19 · Deferred revenue
beginning of year $121 · end of year $392
-
21 · Escrow or custodial account liability
beginning of year $7,953 · end of year $9,827
-
25 · Other liabilities
beginning of year $40,593 · end of year $40,593
-
27 · Net assets without donor restrictions
beginning of year $3,808,207 · end of year $3,663,363
Mission and programs · 2023
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 AND SAFE HOUSING TO 84 RESIDENTS: 74% BETWEEN THE AGES 62-81 AND 26% BETWEEN THE AGES 82-93. HONG LOK EMPLOYED A SERVICE COORDINATOR WHO ASSISTED RESIDENTS WITH OBTAINING A VARIETY OF SOCIAL SERVICES AND REFERRALS, SUCH AS: ADVOCACY, ASSESSMENTS, CASE MANAGEMENT, BENEFITS AND ENTITLEMENTS (IE. SOCIAL SECURITY AND MEDICARE), TRANSLATION, TRANSPORTATION, CONFLICT RESOLUTION, HEALTHCARE SERVICES, COMPUTERS AND TECHNOLOGY, AND EMERGENCY FINANCIAL ASSISTANCE. EDUCATIONAL IN-SERVICES AND HEALTH AND WELLNESS ACTIVITIES WERE SCHEDULED EACH MONTH BY THE SERVICE COORDINATOR, IN ADDITION TO OTHER ACTIVITIES (CONT'D ON SCH O) PLANNED BY THE RESIDENT COUNCIL. RESIDENTS WERE ABLE TO RECEIVE ADDITIONAL SOCIAL SERVICES PROVIDED BY THE NEAR-BY SENIOR CENTER.
Expenses $438,714 · Revenue $359,868
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Cheak YeeCHEAK YEE
CHAIR
- Total calculated
- $0
- Hours/week
- 0.2
-
Teresa YungTERESA YUNG
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.2
-
Rudy YeeRUDY YEE
TREASURER
- Total calculated
- $0
- Hours/week
- 0.2
-
Brenda FungBRENDA FUNG
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.2
-
Joe YueJOE YUE
AUDITOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Margaret T LiuMARGARET T LIU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Tony TangTONY 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.
-
THE PHOENIX CHINESE SENIOR CITIZENS ASSOCIATION
501(C)(3) · PROVIDE SOCIAL,RECREATIONAL, HEALTH AND EDUCATIONAL SERVICES TO SENIORS · AZ
-
HONG NING SENIOR HOUSING CORPORATION
501(C)(3) · SENIOR HOUSING · AZ
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 4 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402889349302110
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