KOREAN COMMUNITY DEVELOPMENT SERVICES CENTER

EIN: 232303766 501(c)(3)

PHILADELPHIA, PA

Total Revenue
$1,710,275
Total Expenses
$1,473,175
Total Assets
$5,260,668
Net Assets
$5,137,897
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
PA
Principal Officer
DON YU
Phone
2152678830
Tax Period
2023-01-01 to 2023-12-31

KOREAN COMMUNITY DEVELOPMENT SERVICES CENTER, founded in 1984, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Expenses of $1.5M left a modest 14% surplus.

Mission

KOREAN COMMUNITY DEVELOPMENT SERVICES CENTERS (KCDSC) MISSION IS TO PROVIDE THE MEMBERS OF OUR COMMUNITY WITH SUPPORT SERVICES THAT THEY NEED TO ACHIEVE PERSONAL GROWTH AND PURSUE COMMUNITY GROWTH. KCDSC ALSO PROVIDES SERVICES TO NEWLY-ARRIVED IMMIGRANTS AND REFUGEES AS WELL AS OTHER LOW INCOME AND/OR MINORITY GROUP. KCDSC OFFERS A WIDE ARRAY OF FREE OR LOW COST SERVICES TO THESE COMMUNITY MEMBERS INCLUDING CHILDCARE, AFTER SCHOOL TUTORING, SOCIAL SERVICES FOR ELDERLY, HOUSING COUNSELING, HOUSING DEVELOPMENT, BUSINESS CORRIDOR REVITALIZATION, AND LEGAL AND IMMIGRATION ASSISTANCE.

Program Service Accomplishments

Program 1
Expenses: $783,255 Revenue: $1,029,994

DAYCARE CENTER PROGRAM - KCDSC PROVIDES EXTENDED DAY CARE FOR CHILDREN OF IMMIGRANTS AS WELL AS OTHER LOW INCOME FAMILIES. THIS PROGRAM ALSO OFFERS A PRESCHOOL PROGRAM.

Program 2
Expenses: $560,260 Revenue: $657,464

HOUSING DEVELOPMENT - KCDSC ACQUIRES RESIDENTIAL PROPERTIES AND RENTS THE PROPERTIES TO IMMIGRANTS AND OTHER LOW INCOME FAMILIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,766
Program Service Revenue $1,687,458
Investment Income $142
Other Revenue $17,909
TOTAL REVENUE $1,710,275

Expense Breakdown

Grants Paid $0
Salaries & Benefits $592,520
Fundraising Expenses $0
Program Expenses $1,343,515
Other Expenses $880,655
TOTAL EXPENSES $1,473,175

Year-over-Year Comparison

2023 2022 Change
Revenue $1,710,275 N/A N/A
Expenses $1,473,175 N/A N/A
Net Income $237,100 N/A N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
6
Employees
26
Volunteers
2

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
1
$30,000
Total Directors
8
$30,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR JIN H YU PRESIDENT/EXECUTIVE DIRECTOR 30.00
Officer Director
$30,000 $0 $30,000
DONALD STAFFORD BOARD MEMBER 1.00
Director
$0 $0 $0
JIM REED BOARD MEMBER 1.00
Director
$0 $0 $0
DR CHUNG WHA LEE IYENGAR BOARD MEMBER 1.00
Director
$0 $0 $0
SHIRLEY GREGORY BOARD MEMBER & AMP SECRETARY 1.00
Director
$0 $0 $0
JAY W KANG SECRETARY AND TREASURER 1.00
Director
$0 $0 $0
DONALD YU BOARD CHAIR 1.00
Director
$0 $0 $0
JIM CHO BOARD CHAIR 1.00
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
2024 No data No data No data No data
2023 $1,710,275 $1,473,175 $5,260,668 $237,100
2023 $1,710,276 $1,447,593 $5,233,437 $262,683
2022 $1,940,181 $1,189,288 $5,298,112 $750,893
2021 $2,245,027 $1,283,199 $4,539,778 $961,828
2020 $1,565,558 $1,360,135 $3,931,923 $205,423
2019 $1,567,920 $1,425,869 $3,829,515 $142,051
2018 $1,787,049 $1,631,179 $3,962,936 $155,870
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