CHINATOWN PLANNING COUNCIL HOUSING… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

WAYNE HO

Phone

2129410920

Tax Period

2021-07-01 to 2022-06-30

CHINATOWN PLANNING COUNCIL HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1979, is a small nonprofit in the Housing & Shelter sector that reported $405K in total revenue in fiscal year 2021. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 324% operating deficit.

Mission

THE ORGANIZATION OPERATES AN APARMENT BUILDING WITH UNITS RENTED EXCLUSIVELY TO SENIOR CITIZENS WHO QUALIFY UNDER HUD GUIDELINES.

Program Service Accomplishments

Program 1

Expenses: $1,258,020 Revenue: $9,280

TO PROVIDE HOUSING TO LOW INCOME SENIOR CITIZENS. THE ORGANIZATION OWNS AND OPERATES A 156-UNIT APARTMENT BUILDING LOCATED AT 50 NORFOLK STREET, NEW YORK, NEW YORK.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $2,985,352

Program Service Revenue $1,359,665

Investment Income $-3,949,688

Other Revenue $9,280

TOTAL REVENUE $404,609

Expense Breakdown

Grants Paid $0

Salaries & Benefits $289,895

Fundraising Expenses $0

Program Expenses $1,258,020

Other Expenses $1,425,921

TOTAL EXPENSES $1,715,816

Year-over-Year Comparison

	2021	2020	Change
Revenue	$404,609	$9,571,786	-1.0%
Expenses	$1,715,816	$4,245,757	-0.6%
Net Income	$-1,311,207	$5,326,029	-1.2%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$846,571

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLEN COHEN	DIRECTOR (OUTGOING)	0.50	Director	$0	$0	$0
CALVIN CHIN	DIRECTOR	0.50	Director	$0	$0	$0
CHESTER LEE	DIRECTOR	0.50	Director	$0	$0	$0
EDDIE MO	DIRECTOR	0.50	Director	$0	$0	$0
FLORA SI	DIRECTOR	0.50	Director	$0	$0	$0
HOWARD CHIN	CHAIR	1.00	Officer Director	$0	$0	$0
JAY LAU	VICE CHAIR	0.50	Officer Director	$0	$0	$0
RITA KURNIAWAN	SECRETARY	0.50	Director	$0	$0	$0
VERONICA TSANG	DIRECTOR	2.50	Director	$0	$0	$0
ALAN J GERSON	GENERAL COUNSEL	10.00	Officer	$0	$10,066	$115,552
ANTHONY FULLINGTON	CFO	5.00	Officer	$0	$0	$0
JONATHAN BRAKE	TREASURER (OUTGOING)	5.00	Officer	$0	$8,225	$165,383
JUDY AHYUNE	VICE PRESIDENT	0.50	Officer	$0	$21,770	$132,370
LILLIAN JIELIAN ZHAO	CONTROLLER	0.50	Officer	$0	$21,770	$150,420
STEVEN YIP	SECRETARY (OUTGOING)	0.50	Officer	$0	$0	$0
WAYNE HO	PRESIDENT & CEO	5.00	Officer	$0	$21,770	$282,846

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
2022	$404,609	$1,715,816	$443,630	$-1,311,207
2021	$9,571,786	$4,245,757	$4,928,657	$5,326,029
2020	$2,455,461	$2,770,364	$5,710,944	$-314,903
2019	$2,448,297	$2,519,823	$5,388,798	$-71,526
2018	$2,418,658	$2,550,787	$5,383,824	$-132,129

CHINATOWN PLANNING COUNCIL HOUSING DEVELOPMENT FUND COMPANY INC