KOREAN COMMUNITY SERVICES OF METROPOLITAN NEW YORK INC

EIN: 237348989 501(c)(3) Human Services

BAYSIDE, NY

Total Revenue
$14,311,515
Total Expenses
$13,226,972
Total Assets
$23,771,102
Net Assets
$12,049,483
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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
NY
Principal Officer
MYOUNGMI KIM
Phone
7189396137
Tax Period
2024-07-01 to 2025-06-30

KOREAN COMMUNITY SERVICES OF METROPOLITAN NEW YORK INC, founded in 1974, is a mid-sized nonprofit in the Human Services sector that reported $14.3M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $13.2M left a modest 8% surplus.

Mission

TO SUPPORT AND ASSIST MEMBERS OF THE KOREAN COMMUNITY TO BE HEALTHY AND PRODUCTIVE INDIVIDUALS.

Program Service Accomplishments

Program 1
Expenses: $5,220,672 Revenue: $1,699,796

AGING PROGRAMS:KCS PROVIDES VARIOUS ASSISTANCE TO SENIORS DAILY THROUGH ITS TWO SENIOR CENTERS, ADULT DAY CARE CENTER, SENIOR COMMUNITY SERVICE EMPLOYMENT PROGRAM, AND HOMEBOUND MEALS-ON-WHEELS...

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AGING PROGRAMS:KCS PROVIDES VARIOUS ASSISTANCE TO SENIORS DAILY THROUGH ITS TWO SENIOR CENTERS, ADULT DAY CARE CENTER, SENIOR COMMUNITY SERVICE EMPLOYMENT PROGRAM, AND HOMEBOUND MEALS-ON-WHEELS PROGRAM. THE GOAL OF THESE PROGRAMS IS TO ENSURE THAT SENIORS ARE ABLE TO AGE WITH DIGNITY AND IN THE COMMUNITY WHERE THEY FEEL MOST COMFORTABLE. WE ACHIEVE THIS BY PROVIDING CONGREGATE MEALS, EDUCATION AND RECREATION, CASE ASSISTANCE AND REFERRALS, FRIENDLY VISITS, TELEPHONE ASSURANCE SERVICES, JON TRAINING AND EMPLOYMENT.

Program 2
Expenses: $1,954,849 Revenue: $73,277

PUBLIC HEALTH AND RESEARCH CENTER:THROUGH OUR PUBLIC HEALTH PROGRAMS, KCS PROMOTES HEALTHY EATING AND LIVING ALONG WITH PREVENTIVE MEDICAL CARE THROUGH ITS FREE HEALTH SCREENINGS AND RESEARCH...

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PUBLIC HEALTH AND RESEARCH CENTER:THROUGH OUR PUBLIC HEALTH PROGRAMS, KCS PROMOTES HEALTHY EATING AND LIVING ALONG WITH PREVENTIVE MEDICAL CARE THROUGH ITS FREE HEALTH SCREENINGS AND RESEARCH PROJECTS. KCS HAS PARTNERSHIPS WITH VARIOUS FOUNDATIONS, ACADEMIC INSTITUTIONS AND MEDICAL SERVICE PROVIDERS TO ENSURE THAT THE CHRONIC HEALTH NEEDS OF OUR COMMUNITY ARE REFLECTED IN RESEARCH AND DATA COLLECTION, IN ADDITION TO PROVIDING FREE MEDICAL SERVICES FOR OUR COMMUNITY.

Program 3
Expenses: $1,043,526

EDUCATION:THROUGH OUR ADULT LITERACY PROGRAM, SUMMER YOUTH COMMUNITY ACTION PROJECT, CIVIC ENGAGEMENT PROGRAM, WE HOPE TO EMPOWER OUR COMMUNITY BY GIVING THEM THE NECESSARY TOOLS TO BECOME MORE...

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EDUCATION:THROUGH OUR ADULT LITERACY PROGRAM, SUMMER YOUTH COMMUNITY ACTION PROJECT, CIVIC ENGAGEMENT PROGRAM, WE HOPE TO EMPOWER OUR COMMUNITY BY GIVING THEM THE NECESSARY TOOLS TO BECOME MORE SELF-SUFFICIENT AND ACTIVE MEMBERS IN THE COMMUNITY.IMMIGRATION:THE PROGRAM CONNECTS IMMIGRANT NEW YORKERS TO FREE, SAFE, AND HIGH-QUALITY IMMIGRATION LEGAL SERVICES IN THEIR COMMUNITY AND IN THEIR LANGUAGE. THROUGH ITS CITYWIDE HOTLINE, CENTRALIZED APPOINTMENT-MAKING SYSTEM, AND ACCESSIBLE SERVICE LOCATIONS INCLUDING BUT NOT LIMITED TO CBOS, SCHOOLS, AND HOSPITALS, THE PROGRAM SERVES AS THE ENTRY POINT FOR NEW YORKERS SEEKING IMMIGRATION LEGAL SERVICES.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,519,679
Program Service Revenue $2,655,977
Investment Income $195,130
Other Revenue $-59,271
TOTAL REVENUE $14,311,515

Expense Breakdown

Grants Paid $132,986
Salaries & Benefits $7,742,768
Fundraising Expenses $288,772
Program Expenses $10,802,425
Other Expenses $5,351,218
TOTAL EXPENSES $13,226,972

Year-over-Year Comparison

2024 2023 Change
Revenue $14,311,515 $11,335,665 +0.3%
Expenses $13,226,972 $11,227,911 +0.2%
Net Income $1,084,543 $107,754 +9.1%
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
14
Independent Members
14
Employees
218
Volunteers
150

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
5
$142,681
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANNY DAESAN KIM BOARD CHAIR 1.00
Officer Director
$0 $0 $0
SUH KYUNG YOON VICE CHAIR 1.00
Officer Director
$0 $0 $0
ANNE HYUN JIN KIM SECRETARY 1.00
Officer Director
$0 $0 $0
WARREN HUANG TREASURER 1.00
Officer Director
$0 $0 $0
CHRIS CHUNG FORMER DIRECTOR 1.00
Director
$0 $0 $0
GENE Y KANG DIRECTOR 1.00
Director
$0 $0 $0
JAY H KIM DIRECTOR 1.00
Director
$0 $0 $0
SUN SONG DIRECTOR 1.00
Director
$0 $0 $0
HYUN JOON LEE DIRECTOR 1.00
Director
$0 $0 $0
NEIL PARK DIRECTOR 1.00
Director
$0 $0 $0
ISABELLA PARK DIRECTOR 1.00
Director
$0 $0 $0
SANG H LEE DIRECTOR 1.00
Director
$0 $0 $0
CONNIE CHOI DIRECTOR 1.00
Director
$0 $0 $0
DAVID YOUNGHO LEE DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE CHUNG DIRECTOR 1.00
Director
$0 $0 $0
MYOUNGMI KIM PRESIDENT & CEO 40.00
Officer
$119,972 $22,709 $142,681
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 $14,311,515 $13,226,972 $23,771,102 $1,084,543
2024 No data No data No data No data
2023 $10,848,943 $10,781,041 $15,042,173 $67,902
2022 $9,881,804 $8,728,659 $14,833,941 $1,153,145
2021 $7,508,888 $6,316,033 $13,398,422 $1,192,855
2020 $6,169,050 $5,614,674 $10,970,065 $554,376
2019 $6,607,007 $6,146,190 $10,247,540 $460,817
2018 $4,559,986 $5,119,562 $9,414,106 $-559,576
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