BOSTON CHINATOWN NEIGHBORHOOD CENTER INC

EIN: 237209691 501(c)(3) Human Services

BOSTON, MA

Total Revenue
$9,576,227
Total Expenses
$7,292,506
Total Assets
$14,442,519
Net Assets
$13,206,736
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
MA
Principal Officer
BENJAMIN HIRES
Phone
6176355129
Tax Period
2022-07-01 to 2023-06-30

BOSTON CHINATOWN NEIGHBORHOOD CENTER INC, founded in 1969, is a community nonprofit in the Human Services sector that reported $9.6M in total revenue in fiscal year 2022. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 24% operating margin.

Mission

TO PROVIDE SERVICES THAT HELP THE CHILDREN, YOUTH AND FAMILIES THEY SERVE TO ATTAIN GREATER ECONOMIC STABILITY AND SOCIAL WELL-BEING. BCNC SERVES THE GREATER BOSTON AREA AT A PRIMARY SERVICES SITE IN BOSTON'S CHINATOWN, AND A SATELLITE SERVICE SITE IN THE NEIGHBORING CITY OF QUINCY.

Program Service Accomplishments

Program 1
Expenses: $2,584,683 Revenue: $498,978

THE CHILD CARE PROGRAM INCLUDES THE ACORN CENTER FOR EARLY EDUCATION AND CARE, THE RED OAK AFTER SCHOOL PROGRAM AND THE FAMILY CHILD CARE PROGRAM.THE ACORN CENTER FOR EARLY EDUCATION AND CARE...

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THE CHILD CARE PROGRAM INCLUDES THE ACORN CENTER FOR EARLY EDUCATION AND CARE, THE RED OAK AFTER SCHOOL PROGRAM AND THE FAMILY CHILD CARE PROGRAM.THE ACORN CENTER FOR EARLY EDUCATION AND CARE PROVIDES BILINGUAL CANTONESE/ENGLISH FULL DAY CHILD CARE FOR TODDLERS AND PRESCHOOLERS. ACORN PROGRAM HOURS ARE YEAR-ROUND, MONDAY THROUGH FRIDAY FROM 7:30 A.M. TO 5:30 P.M. AND THE PROGRAM IS ACCREDITED BY THE NATIONAL ASSOCIATION FOR THE EDUCATION OF YOUNG CHILDREN (NAEYC) AND LICENSED BY THE STATE'S DEPARTMENT OF EARLY EDUCATION AND CARE (EEC). ACORN OFFERS CHILDREN A SAFE AND NURTURING ENVIRONMENT AND AN EDUCATIONAL CURRICULUM THAT IS INCLUSIVE OF THE HERITAGE OF ALL CHILDREN.THE RED OAK AFTER SCHOOL PROGRAM, LICENSED BY EEC, PROVIDES YEAR-ROUND AFTER SCHOOL CARE, EDUCATION AND ENRICHMENT SERVICES FOR SCHOOL AGE CHILDREN, AND EXPANDS TO FULL-DAY PROGRAMMING DURING SCHOOL VACATIONS AND THE SUMMER MONTHS, RED OAK HAS A MULTICULTURAL AND ARTS FOCUS AND PROVIDES HOMEWORK INSTRUCTION, RECREATIONAL AND ENRICHMENT ACTIVITIES, AND ACCULTURATION SUPPORT FOR CHILDREN OF ALL BACKGROUNDS.FAMILY CHILD CARE RECRUITS, TRAINS, AND LICENSES CHINESE SPEAKING ASIAN AMERICANS INTERESTED IN OPENING FAMILY CHILD CARE BUSINESSES, AND PROVIDES ONGOING PROFESSIONAL SUPPORT TO THOSE WHO ARE ALREADY LICENSED. THE PROGRAM RUNS THE FIRST AND ONLY STATE FUNDED CHINESE FAMILY CHILD CARE SYSTEM IN MASSACHUSETTS AND PROVIDES OVER 40 SUBSIDIZED CHILD CARE SLOTS FOR LOW-INCOME FAMILIES.

Program 2
Expenses: $1,144,487

IN BOSTON AND QUINCY, THE ADULT EDUCATION AND WORKFORCE INITIATIVES PROGRAM OFFERS BEGINNING TO ADVANCED ENGLISH FOR SPEAKERS OF OTHER LANGUAGES (ESOL) COURSES, INSTRUCTION IN DIGITAL/TECHNICAL...

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IN BOSTON AND QUINCY, THE ADULT EDUCATION AND WORKFORCE INITIATIVES PROGRAM OFFERS BEGINNING TO ADVANCED ENGLISH FOR SPEAKERS OF OTHER LANGUAGES (ESOL) COURSES, INSTRUCTION IN DIGITAL/TECHNICAL LITERACY, ACADEMIC AND CAREER COUNSELING, JOB SEARCH SKILLS, PLACEMENT AND EMPLOYMENT RETENTION SUPPORT, AND OTHER RELATED TOPICS TO PREPARE PARTICIPANTS TO ENTER THE AMERICAN WORKFORCE AND POSTSECONDARY EDUCATION.

Program 3
Expenses: $495,465

THROUGH ARTS, CULTURE AND EDUCATION, THE PAO ARTS CENTER BRINGS TOGETHER COMMUNITY MEMBERS ACROSS GENERATIONS TO RECLAIM A CRITICAL PIECE OF CHINATOWN HISTORY TO CREATE HEALTHY FAMILIES AND A VIBRANT...

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THROUGH ARTS, CULTURE AND EDUCATION, THE PAO ARTS CENTER BRINGS TOGETHER COMMUNITY MEMBERS ACROSS GENERATIONS TO RECLAIM A CRITICAL PIECE OF CHINATOWN HISTORY TO CREATE HEALTHY FAMILIES AND A VIBRANT COMMUNITY. IN PARTNERSHIP WITH BUNKER HILL COMMUNITY COLLEGE, BCNC OPENED THE PAO ARTS CENTER IN 2017 TO BE CHINATOWN'S FIRST COMMUNITY-BASED ARTS CENTER AND BOSTON'S NEWLY DEDICATED ASIAN AMERICAN AND ASIAN IMMIGRANT CULTURAL SPACE.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $8,944,948
Program Service Revenue $498,978
Investment Income $177,606
Other Revenue $-45,305
TOTAL REVENUE $9,576,227

Expense Breakdown

Grants Paid $19,500
Salaries & Benefits $5,306,560
Fundraising Expenses $466,743
Program Expenses $5,179,986
Other Expenses $1,966,446
TOTAL EXPENSES $7,292,506

Year-over-Year Comparison

2022 2021 Change
Revenue $9,576,227 $7,840,368 +0.2%
Expenses $7,292,506 $6,467,014 +0.1%
Net Income $2,283,721 $1,373,354 +0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
18
Employees
159
Volunteers
225

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
7
$556,743
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EUGENE MAHR CHAIR 1.00
Officer Director
$0 $0 $0
SANDEE SIMSHAUSER VICE-CHAIR 1.00
Officer Director
$0 $0 $0
THERESA MOCK CLERK 1.00
Officer Director
$0 $0 $0
NANCY ADAMS DIRECTOR 1.00
Director
$0 $0 $0
PAUL BI DIRECTOR 1.00
Director
$0 $0 $0
PATRICK CAHILL DIRECTOR 1.00
Director
$0 $0 $0
SELINA CHOW DIRECTOR 2.00
Director
$0 $0 $0
ADA CHU DIRECTOR 1.00
Director
$0 $0 $0
JENNY HONG DIRECTOR 1.00
Director
$0 $0 $0
BJAE DIRECTOR 1.00
Director
$0 $0 $0
SARAH KIM DIRECTOR 1.00
Director
$0 $0 $0
SAN SAN LEE DIRECTOR 1.00
Director
$0 $0 $0
JEANETTE HSU-MCSWEENEY DIRECTOR 1.00
Director
$0 $0 $0
SHARI NARVA DIRECTOR 1.00
Director
$0 $0 $0
EMILY SY DIRECTOR 1.00
Director
$0 $0 $0
BETTY SZETO DIRECTOR 1.00
Director
$0 $0 $0
ELLEN WANG DIRECTOR 1.00
Director
$0 $0 $0
KAREN WONG DIRECTOR 1.00
Director
$0 $0 $0
BENJAMIN HIRES PRESIDENT & CHIEF EXECUTIVE OFFICER 37.50
Officer
$160,752 $7,376 $168,128
YOYO YAU CHIEF PROGRAM OFFICER 37.50
Officer
$112,258 $21,494 $133,752
DAVID JACOBS TREASURER & CHIEF FINANCIAL OFFICER 37.50
Officer
$121,107 $11,749 $132,856
JOANN YUNG CHIEF DEVELOPMENT OFFICER 1.00
Officer
$100,298 $21,709 $122,007
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 No data No data No data No data
2023 $9,576,227 $7,292,506 $14,442,519 $2,283,721
2022 $7,840,368 $6,467,014 $11,518,891 $1,373,354
2021 $7,467,156 $6,133,960 $10,290,236 $1,333,196
2020 $5,410,120 $5,615,954 $9,279,451 $-205,834
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