ASIAN COMMUNITY DEVELOPMENT CORPORATION (EIN 042988263) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

PAUL W LEE

Phone

6174822380

Tax Period

2023-01-01 to 2023-12-31

ASIAN COMMUNITY DEVELOPMENT CORPORATION, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $5.1M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 22% operating margin.

Mission

THE ASIAN COMMUNITY DEVELOPMENT CORPORATION (ACDC) WORKS IN UNDERSERVED AND IMMIGRANT ASIAN AMERICAN COMMUNITIES IN THE GREATER BOSTON REGION TO CREATE AND PRESERVE AFFORDABLE, SUSTAINABLE, AND HEALTHY NEIGHBORHOODS. WE ACHIEVE THIS BY BUILDING AFFORDABLE HOMES AND VIBRANT SPACES, EMPOWERING FAMILIES WITH ASSET-BUILDING TOOLS, AND STRENGTHENING COMMUNITIES THROUGH RESIDENT AND YOUTH LEADERSHIP.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,286,753

Program Service Revenue $2,446,222

Investment Income $189,390

Other Revenue $146,140

TOTAL REVENUE $5,068,505

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,140,186

Fundraising Expenses $232,978

Program Expenses $2,836,102

Other Expenses $2,814,565

TOTAL EXPENSES $3,954,751

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,068,505	$3,536,365	+0.4%
Expenses	$3,954,751	$3,083,157	+0.3%
Net Income	$1,113,754	$453,208	+1.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

100

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$167,451

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL PARK	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE KIM	DIRECTOR	1.00	Director	$0	$0	$0
EMILY YU	VICE CHAIR	1.00	Director	$0	$0	$0
EUGENE HO	TREASURER	1.00	Officer Director	$0	$0	$0
GEOFFREY WHY	CHAIR	1.00	Officer Director	$0	$0	$0
JARONE LEE	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY HSI	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN KANG	DIRECTOR	1.00	Director	$0	$0	$0
KAREN SOOHOO	DIRECTOR	1.00	Director	$0	$0	$0
MAI DU	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL S GRECO	CLERK	1.00	Officer Director	$0	$0	$0
NICK CHAU	DIRECTOR	1.00	Director	$0	$0	$0
PAUL W LEE	PRESIDENT	1.00	Officer Director	$0	$0	$0
PETER MADSEN	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA A LEE	DIRECTOR	1.00	Director	$0	$0	$0
VINCENT LAU	ASST. CLERK	1.00	Officer Director	$0	$0	$0
YONGMEI CHEN	ASST. TREASURER	1.00	Officer Director	$0	$0	$0
ANGIE LIOU	EXECUTIVE DIRECTOR	35.00	Officer	$134,704	$32,747	$167,451

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$5,068,505	$3,954,751	$37,684,634	$1,113,754
2022	$3,536,365	$3,083,157	$35,500,054	$453,208
2021	$3,906,514	$2,281,960	$26,261,903	$1,624,554
2020	$3,168,257	$2,299,206	$24,662,934	$869,051
2019	$2,516,433	$1,919,499	$23,290,472	$596,934
2018	$1,291,737	$1,587,324	$7,210,029	$-295,587

ASIAN COMMUNITY DEVELOPMENT CORPORATION