HANA MISSION

EIN: 223629432 501(c)(3) Religion

PATERSON, NJ

Total Revenue
$311,913
Total Expenses
$284,459
Total Assets
$1,123,300
Net Assets
$753,886
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
NJ
Principal Officer
HANK W KIM
Phone
9733570066
Tax Period
2024-01-01 to 2024-12-31

HANA MISSION, founded in 2001, is a small nonprofit in the Religion sector that reported $312K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $284K left a modest 9% surplus.

Mission

TO SERVE HOMELESS PEOPLE, SUBSTANCE ABUSERS, MENTALLY ILL PEOPLE AND WHOEVER SEEKS SPIRITUAL AND PHYSICAL GUIDANCE WITH THE CONVICTION WHEN THEY CONFESS THAT JESUS CHIRST IS THE LORD, THEY BECOME ON FAMILY, THE BODY OF CHIRST.

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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 (2024)

Revenue Breakdown

Contributions & Grants $177,244
Program Service Revenue $0
Investment Income $1,532
Other Revenue $133,137
TOTAL REVENUE $311,913

Expense Breakdown

Grants Paid $0
Salaries & Benefits $42,601
Fundraising Expenses $0
Program Expenses $116,540
Other Expenses $241,858
TOTAL EXPENSES $284,459

Year-over-Year Comparison

2024 2023 Change
Revenue $311,913 $333,226 -0.1%
Expenses $284,459 $309,143 -0.1%
Net Income $27,454 $24,083 +0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
3
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
4
$22,620
Total Directors
4
$22,620
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HANK W KIM BOARD MEMBER 40.00
Officer Director
$22,620 $0 $22,620
SOLIM KIM BOARD MEMBER N/A
Director
$0 $0 $0
SAMUEL SUNG-EUN LIM BOARD MEMBER N/A
Director
$0 $0 $0
EUNHEE OH BOARD MEMBER N/A
Director
$0 $0 $0
JENNIFER KANG BOARD MEMBER N/A
Officer
$0 $0 $0
YOUNG LEE BOARD MEMBER N/A
Officer
$0 $0 $0
SU-YOUNG PARK BOARD MEMBER N/A
Officer
$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
2024 $311,913 $284,459 $1,123,300 $27,454
2023 $333,226 $309,143 $1,115,499 $24,083
2022 $270,515 $237,572 $698,327 $32,943
2022 $270,515 $237,572 $698,327 $32,943
2022 $270,515 $237,572 $698,327 $32,943
2021 $186,336 $313,358 $649,550 $-127,022
2020 $329,075 $282,304 $685,298 $46,771
2019 $197,441 $307,423 $670,962 $-109,982
2018 $304,703 $283,126 $663,382 $21,577
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