CHINATOWN PLANNING COUNCIL HOUSING DEVELOPMENT FUND COMPANY INC

EIN: 133020595 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$404,609
Total Expenses
$1,715,816
Total Assets
$443,630
Net Assets
$386,200
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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
1979
Legal Domicile
NY
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

TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME SENIOR CITIZENS.

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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 (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
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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
7
Independent Members
7
Employees
N/A
Volunteers
7

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
9
$846,571
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
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
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