JOYFUL CHURCH OF NEW YORK

EIN: 113553144 501(c)(3) Religion

FRESH MEADOWS, NY

Total Revenue
$480,856
Total Expenses
$445,893
Total Assets
$783,197
Net Assets
$559,949
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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
2000
Legal Domicile
NY
Principal Officer
HONGSUK KIM
Phone
7183590691
Tax Period
2025-01-01 to 2025-12-31

JOYFUL CHURCH OF NEW YORK, founded in 2000, is a small nonprofit in the Religion sector that reported $481K in total revenue in fiscal year 2025. Revenue decreased 8% compared to the prior year. Expenses of $446K left a modest 7% surplus.

Mission

AN ESTABLISHMENT OF A PLACE TO WORSHIP AND PRAYER FOR GOD IN ACCORDANCE WITH THE DISCIPLINES OF CHRISTIANITY.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $480,856
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $480,856

Expense Breakdown

Grants Paid $0
Salaries & Benefits $167,189
Fundraising Expenses $0
Program Expenses $341,383
Other Expenses $278,704
TOTAL EXPENSES $445,893

Year-over-Year Comparison

2025 2024 Change
Revenue $480,856 $522,700 -0.1%
Expenses $445,893 $538,180 -0.2%
Net Income $34,963 $-15,480 -3.3%
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

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Governance

Voting Members
3
Independent Members
3
Employees
2
Volunteers
N/A

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HONGSUK KIM PRESIDENT N/A
Officer Director
$0 $0 $0
IN SIK KIM SECRETARY N/A
Officer Director
$0 $0 $0
JUHYEOK RYU TREASURER N/A
Officer Director
$0 $0 $0
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
2025 $480,856 $445,893 $783,197 $34,963
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