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Nonprofiteer
← CPC TRIBECA CENTER INC

Form 990 for tax year 2023

Filed by CPC TRIBECA CENTER INC.

Totals

Total revenue
$817,118
Total expenses
$748,707
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$817,118
Investment income
$0
Other revenue
$0
Total assets, end of year
$6,279,425
Total liabilities, end of year
$2,500,829
Net assets or fund balances, end of year
$3,778,596
Program services expenses (Part IX)
$748,707
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$748,707

Program services were 100.0% 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.

  • 2a · Program service revenue: RENTAL REVENUE

    total $817,118 · related or exempt $817,118

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $42,433 · program services $42,433

  • 11c · Fees: accounting

    total $2,500 · program services $2,500

  • 11g · Fees: other

    total $61,538 · program services $61,538

  • 13 · Office expenses

    total $500 · program services $500

  • 16 · Occupancy

    total $69,927 · program services $69,927

  • 20 · Interest

    total $208,207 · program services $208,207

  • 22 · Depreciation, depletion and amortization

    total $179,870 · program services $179,870

  • 23 · Insurance

    total $15,850 · program services $15,850

  • 24a · Other expenses: BLDG MAINT & REPAIRS

    total $165,007 · program services $165,007

  • 24b · Other expenses: MISCELLANEOUS

    total $2,875 · program services $2,875

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,335,124 · end of year $1,415,674

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

    $7,220,893

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

    $2,791,534

  • 10c · Land, buildings and equipment, net

    beginning of year $4,609,229 · end of year $4,429,359

  • 15 · Other assets

    beginning of year $480,277 · end of year $434,392

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,793 · end of year $56,929

  • 23 · Secured mortgages and notes payable

    beginning of year $2,676,652 · end of year $2,443,900

  • 27 · Net assets without donor restrictions

    beginning of year $3,710,185 · end of year $3,778,596

Mission and programs · 2023

Mission

TO IMPROVE THE QUALITY OF LIFE OF NEEDY AND ECONOMICALLY DISADVANTAGED ASIAN-AMERICAN IN NYC BY PROVIDING ACCESS TO SERVICES AND RESOURCES WITH THE GOAL OF ECONOMIC SELF-SUFFICIENCY AND INTEGRATION INTO THE AMERICAN MAINSTREAM.

Activities or mission (Part I)

TO PROVIDE ACCESS TO SERVICES AND RESOURCES WITH THE GOAL OF ECONOMIC SELF-SUFFICIENCY AND INTEGRATION IN THE AMERICAN MAINSTREAM

  • THE ORGANIZATION OWNS AND MANAGES PROPERTY WHICH PROVIDES FACILITIES SPACE FOR A RELATED HOME HEALTH SERVICES ORGANIZATION AND CHILD CARE SERVICES FOR CHILDREN IN NYC.

    Expenses $748,707 · Revenue $817,118

As filed on the 2023 return.

Listed in Part VII

  • Anthony Liu

    DIRECTOR (INCOMING)

    Total calculated
    $0
    Hours/week
    0.1 + 0.7 related

  • Calvin Chin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1.4 related

  • Chester Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1.4 related

  • Eddie Mo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.4 related

  • Flora Si

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 4.9 related

  • Howard Chin

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related

  • Jay Lau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • Veronica Tsang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 4.3 related

  • Alan Gerson

    GENERAL COUNSEL

    Total calculated
    $124,697
    From this org
    $0
    From related orgs
    $116,217
    Other
    $8,480
    Hours/week
    0.2 + 24.9 related

  • Alice Wong

    SECRETARY

    Total calculated
    $169,315
    From this org
    $0
    From related orgs
    $160,835
    Other
    $8,480
    Hours/week
    0.1 + 35.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $160,699 related
    Bonus
    $0
    Other
    $0 + $136 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $8,480 related
    Filer's total
    $0 + $169,315 related

  • Anthony Fullington

    CFO (OUTGOING)

    Total calculated
    $217,722
    From this org
    $0
    From related orgs
    $206,003
    Other
    $11,719
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $204,704 related
    Bonus
    $0
    Other
    $0 + $1,299 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $11,719 related
    Filer's total
    $0 + $217,722 related

  • Lillian Zhao

    CONTROLLER

    Total calculated
    $181,419
    From this org
    $0
    From related orgs
    $155,566
    Other
    $25,853
    Hours/week
    0.1 + 36.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $154,973 related
    Bonus
    $0
    Other
    $0 + $593 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $25,853 related
    Filer's total
    $0 + $181,419 related

  • Luther Flurry

    CFO (INCOMING)

    Total calculated
    $0
    Hours/week
    0.1 + 39.9 related

  • Mary Cheng

    VICE PRESIDENT

    Total calculated
    $128,013
    From this org
    $0
    From related orgs
    $128,013
    Other
    $0
    Hours/week
    0.1 + 38 related

  • Wayne Ho

    PRESIDENT & CEO

    Total calculated
    $290,604
    From this org
    $0
    From related orgs
    $266,476
    Other
    $24,128
    Hours/week
    0.1 + 45.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $266,078 related
    Bonus
    $0
    Other
    $0 + $398 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $24,128 related
    Filer's total
    $0 + $290,604 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE COMPENSATION OF THE PRESIDENT/CEO IS ESTABLISHED BY THE SOLE MEMBER, CHINESE-AMERICAN PLANNING COUNCIL, INC.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • NORFOLK MM LLC

    PROVIDE AFFORDABLE RENTAL HOUSING · NY

  • 110 FULTON ASSOCATES LLC

    PROVIDE AFFORDABLE RENTAL HOUSING · NY

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CPC NORFOLK SENIOR INC

    C · HOUSING · NY

Provenance

Return type
form_990
Tax year
2023
Filed
5 May 2025
IRS schema version
2023v6.0
Source object
202541329349301114

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