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Nonprofiteer
← KOREAN COMMUNITY DEVELOPMENT SERVICES CENTER

Form 990 for tax year 2022

Filed by KOREAN COMMUNITY DEVELOPMENT SERVICES CENTER.

Totals

Total revenue
$1,940,181
Total expenses
$1,189,288
Contributions and grants received
$167,075
Grants paid
$0
Program service revenue
$1,749,283
Investment income
$354
Other revenue
$23,469
Total assets, end of year
$5,298,112
Total liabilities, end of year
$237,878
Net assets or fund balances, end of year
$5,060,234
Program services expenses (Part IX)
$1,018,410
Management and general expenses
$170,878
Fundraising expenses
$0
Program service expenses (Part III)
$1,018,410

Program services were 85.6% 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.

  • 1e · Government grants (contributions)

    $167,075

  • 2a · Program service revenue: DAYCARE INCOME

    total $1,223,009 · related or exempt $1,223,009

  • 2b · Program service revenue: RENTAL INCOME

    total $526,274 · related or exempt $526,274

  • 3 · Investment income

    total $354 · excluded $354

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $16,506 · excluded $16,506

  • 11b · Other revenue: REFUND

    total $6,963 · excluded $6,963

  • 11e · Other revenue, total

    $23,469

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $480,993 · program services $415,971 · management and general $65,022

  • 9 · Other employee benefits

    total $68,207 · program services $63,237 · management and general $4,970

  • 11c · Fees: accounting

    total $16,203 · program services $14,217 · management and general $1,986

  • 11g · Fees: other

    total $107,696 · program services $100,902 · management and general $6,794

  • 12 · Advertising and promotion

    total $944 · program services $944

  • 13 · Office expenses

    total $61,280 · program services $45,883 · management and general $15,397

  • 16 · Occupancy

    total $87,394 · program services $75,363 · management and general $12,031

  • 20 · Interest

    total $26 · program services $8 · management and general $18

  • 22 · Depreciation, depletion and amortization

    total $113,779 · program services $104,183 · management and general $9,596

  • 23 · Insurance

    total $108,439 · program services $65,250 · management and general $43,189

  • 24a · Other expenses: REAL ESTATE TAXES

    total $80,824 · program services $77,042 · management and general $3,782

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $50,097 · program services $48,850 · management and general $1,247

  • 24c · Other expenses: TELEPHONE

    total $13,406 · program services $6,560 · management and general $6,846

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $749,930 · end of year $512,839

  • 4 · Accounts receivable

    beginning of year $172,851 · end of year $207,005

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

    $4,606,742

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

    $1,697,090

  • 10c · Land, buildings and equipment, net

    beginning of year $1,961,794 · end of year $2,909,652

  • 15 · Other assets

    beginning of year $1,655,203 · end of year $1,668,616

  • 23 · Secured mortgages and notes payable

    beginning of year $4,637 · end of year $2,016

  • 25 · Other liabilities

    beginning of year $219,247 · end of year $235,862

  • 27 · Net assets without donor restrictions

    beginning of year $4,314,815 · end of year $5,059,155

  • 28 · Net assets with donor restrictions

    beginning of year $1,079 · end of year $1,079

Mission and programs · 2022

Mission

PROVIDE THE MEMBERS OF OUR COMMUNITY WITH THE SUPPORT SERVICES THAT THEY NEED TO ACHIEVE PERSONAL GROWTH AND PURSUE COMMUNITY GROWTH. TO THAT END, KCDSC IS DESIGNED AS A ONE-STOP CENTER, SERVING THE NEEDS OF NEWLY-ARRIVED IMMIGRANTS AND REFUGEES AS WELL AS OTHER LOW-INCOME AND/OR MINORITY GROUPS. KCDSC OFFERS A WIDE ARRAY OF FREE OR LOW COST SERVICES TO THESE COMMUNITY MEMBERS INCLUDING CHILDCARE, AFTER SCHOOL TUTORING, SOCIAL SERVICES FOR ELDERLY, HOUSING COUNSELING, HOUSING DEVELOPMENT, BUSINESS CORRIDOR REVITALIZATION, AND LEGAL AND IMMIGRATION ASSISTANCE.

Activities or mission (Part I)

KOREAN COMMUNITY DEVELOPMENT SERVICES CENTER'S (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 $596,835 · Revenue $1,223,009

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

    Expenses $421,575 · Revenue $526,274

  • ALL OTHER PROGRAMS - KCDSC OFFERS VARIOUS OTHER SERVICES TO THE ASIAN-AMERICAN IMMIGRANTS, SUCH AS: BILINGUAL AND CITIZENSHIP EDUCATION, SOCIAL SECURITY AND MEDICAID SERVICES, AND HOUSING REFERRALS FOR LOW-INCOME HOUSING.

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

Listed in Part VII

  • DR JIN H YU

    PRESIDENT/EXECUTIVE DIRECTOR

    Total calculated
    $30,000
    From this org
    $30,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • DONALD STAFFORD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JIM REED

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR CHUNG WHA LEE IYENGAR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHIRLEY GREGORY

    BOARD MEMBER & AMP SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JAY W KANG

    SECRETARY AND TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DONALD YU

    BOARD CHAIR

    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
10 November 2023
IRS schema version
2022v5.0
Source object
202303179349305900

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