BOSTON, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
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...
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. ASIAN CDC'S WEBSITE PROVIDES A WEALTH OF INFORMATION AND VIDEOS ABOUT ITS PROGRAMS SEE THE 2023 ANNUAL REPORT AT HTTPS://ASIANCDC.ORG/OUR-WORK. THE BUILDING BLOCKS PROGRAM PROVIDES FINANCIAL EMPOWERMENT THROUGH HOME BUYING WORKSHOPS, FINANCIAL LITERACY TRAINING, MATCHED SAVINGS PROGRAM, AND 1 ON 1 HOUSING COUNSELING. ITS MONTHLY WORKSHOPS PROGRAM FOR FIRST-TIME HOMEBUYERS IS THE ONLY HUD-APPROVED WORKSHOP IN NEW ENGLAND THAT PROVIDES CHINESE LANGUAGE SERVICE ON A REGULAR BASIS.
THE HOUSING DEVELOPMENT PROGRAM WORKS TO CREATE AND PRESERVE HIGH QUALITY AFFORDABLE HOUSING TO MEET THE NEEDS OF COMMUNITIES OF LOW-INCOME ASIAN AMERICAN POPULATIONS. ACDC NOW HAS 7 PROPERTIES IN...
THE HOUSING DEVELOPMENT PROGRAM WORKS TO CREATE AND PRESERVE HIGH QUALITY AFFORDABLE HOUSING TO MEET THE NEEDS OF COMMUNITIES OF LOW-INCOME ASIAN AMERICAN POPULATIONS. ACDC NOW HAS 7 PROPERTIES IN ITS PORTFOLIO THAT INCLUDES 344 AFFORDABLE RENTALS.
YOUTH PROGRAMS INCLUDE A HIGH SCHOOL LEADERSHIP PROGRAM, ASIAN VOICES OF ORGANIZED YOUTH FOR COMMUNITY EMPOWERMENT (A-VOYCE), TRAINING YOUTH IN COMMUNITY LEADERSHIP AND ORGANIZING IN CHINATOWN AND...
YOUTH PROGRAMS INCLUDE A HIGH SCHOOL LEADERSHIP PROGRAM, ASIAN VOICES OF ORGANIZED YOUTH FOR COMMUNITY EMPOWERMENT (A-VOYCE), TRAINING YOUTH IN COMMUNITY LEADERSHIP AND ORGANIZING IN CHINATOWN AND THE GREATER BOSTON AREA. YOUTH ALSO HAVE OPPORTUNITIES TO LEARN ABOUT CULTURAL IDENTITY, COMMUNITY DEVELOPMENT, AND UNDERTAKE PLACEKEEPING ACTIVITIES, WHICH INCLUDE RESIDENT-LED PUBLIC ART PROJECTS AND CULTURAL EVENTS ADDRESSING COMMUNITY POWER AND IMPACTS OF GENTRIFICATION. ASIAN-AMERICAN IDENTIFYING HIGH SCHOOL YOUTH LEARN ENTREPRENEURSHIP SKILLS AND APPLY THESE SKILLS THROUGH RUNNING THEIR OWN YOUTH-LED BUSINESS PROVIDING WALKING TOURS OF CHINATOWN AND OTHER PROJECTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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