WALKER STREET CHUNG PAK LOCAL DEVELOPMENT CORPORATION (EIN 133275044) - Form 990 Financial Analysis & Trantor Score

🔒

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

1985

Legal Domicile

Principal Officer

SHERMAN ENG

Phone

2126258833

Tax Period

2023-05-01 to 2024-04-30

WALKER STREET CHUNG PAK LOCAL DEVELOPMENT CORPORATION, founded in 1985, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $1.9M left a modest 7% surplus.

Mission

WALKER STREET - CHUNG PAK LOCAL DEVELOPMENT CORPORATION (THE "CORPORATION") WAS INCORPORATED IN THE STATE OF NEW YORK ON MARCH 28, 1985 UNDER SECTION 1411 OF THE NOT-FOR-PROFIT CORPORATION LAW. WALKER STREET - CHUNG PAK LOCAL DEVELOPMENT CORPORATION WAS ORGANIZED TO IMPROVE THE QUALITY OF LIFE OF THE RESIDENTS OF COMMUNITY BOARDS NO. 1, 2, AND 3 BY DEVELOPING, OPERATING AND MAINTAINING COMMERCIAL FACILITIES.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,881,187

Investment Income $71,119

Other Revenue $69,312

TOTAL REVENUE $2,021,618

Expense Breakdown

Grants Paid $0

Salaries & Benefits $496,797

Fundraising Expenses $0

Program Expenses $1,424,051

Other Expenses $1,375,016

TOTAL EXPENSES $1,871,813

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,021,618	$1,622,617	+0.2%
Expenses	$1,871,813	$1,656,437	+0.1%
Net Income	$149,805	$-33,820	-5.4%

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

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

$215,384

Total Directors

$215,384

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERMAN ENG	ACTING CHAIR	35.00	Officer Director	$215,384	$0	$215,384
WING MA	SECRETARY	0.50	Director	$0	$0	$0
PO-LING NG	TREASURER	0.50	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	No data	No data	No data	No data
2024	$2,021,618	$1,871,813	$12,255,893	$149,805
2023	$1,622,617	$1,656,437	$10,446,190	$-33,820
2022	$2,154,904	$1,783,292	$10,578,473	$371,612
2021	$2,526,912	$1,531,140	$10,586,148	$995,772
2020	$2,707,273	$2,576,847	$10,074,570	$130,426
2019	$1,658,394	$1,718,899	$10,083,012	$-60,505

WALKER STREET CHUNG PAK LOCAL DEVELOPMENT CORPORATION