NAN SHAN LOCAL DEVELOPMENT CORP

EIN: 260306937 501(c)(3) Human Services

NEW YORK, NY

Total Revenue
$1,515,599
Total Expenses
$2,021,810
Total Assets
$19,440,952
Net Assets
$-404,190
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
NY
Principal Officer
WAYNE HO
Phone
2127925319
Tax Period
2023-07-01 to 2024-06-30

NAN SHAN LOCAL DEVELOPMENT CORP, founded in 2000, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2023. Expenses of $2.0M exceeded revenue, resulting in a 33% operating deficit.

Mission

TO IMPROVE THE QUALITY OF LIFE OF RESIDENTS IN QUEENS, NEW YORK BY OPERATING AND MAINTAINING FACILITIES WHICH PROVIDE COMMUNITY AND EDUCATIONAL PROGRAMS AND FOSTER EMPLOYMENT OPPORTUNITY.

Program Service Accomplishments

Program 1
Expenses: $2,021,810 Revenue: $1,515,272

THE ORGANIZATION OWNS, MANAGES, AND MAINTAINS A BUILDING IN FLUSHING, NEW YORK THAT PROVIDES FACILITIES SPACE FOR COMMUNITY PROGRAMS FOR THE AREA RESIDENTS, INCLUDING JOB SKILLS TRAINING, CHILD CARE...

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THE ORGANIZATION OWNS, MANAGES, AND MAINTAINS A BUILDING IN FLUSHING, NEW YORK THAT PROVIDES FACILITIES SPACE FOR COMMUNITY PROGRAMS FOR THE AREA RESIDENTS, INCLUDING JOB SKILLS TRAINING, CHILD CARE, HEALTH, WELLNESS, AND SENIOR SERVICES.

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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 $0
Program Service Revenue $1,390,155
Investment Income $327
Other Revenue $125,117
TOTAL REVENUE $1,515,599

Expense Breakdown

Grants Paid $0
Salaries & Benefits $232,409
Fundraising Expenses $0
Program Expenses $2,021,810
Other Expenses $1,789,401
TOTAL EXPENSES $2,021,810

Year-over-Year Comparison

2023 2022 Change
Revenue $1,515,599 $1,548,795 0.0%
Expenses $2,021,810 $1,765,819 +0.1%
Net Income $-506,211 $-217,024 +1.3%
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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
8

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
10
$1,350,847
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY LIU DIRECTOR (INCOMING) 0.10
Director
$0 $0 $0
CALVIN CHIN DIRECTOR 0.10
Director
$0 $0 $0
CHESTER LEE DIRECTOR 0.10
Director
$0 $0 $0
EDDIE MO DIRECTOR 0.10
Director
$0 $0 $0
FLORA SI DIRECTOR 0.10
Officer Director
$0 $0 $0
HOWARD CHIN CHAIR 0.10
Officer Director
$0 $0 $0
JAY LAU DIRECTOR 0.10
Director
$0 $0 $0
VERONICA TSANG DIRECTOR 0.10
Director
$0 $0 $0
ANTHONY FULLINGTON CFO (OUTGOING) 0.20
Officer
$0 $11,719 $217,722
EDGAR PEREIRA CHIEF PROGRAM OFFICER 0.10
Officer
$0 $22,603 $231,344
ALAN GERSON GENERAL COUNSEL 0.10
Officer
$0 $8,480 $124,697
LILIAN ZHAO CONTROLLER 0.10
Officer
$0 $25,853 $181,419
LUTHER FLURRY CFO ( INCOMING) 0.20
Officer
$0 $0 $0
MITCHEL WU SECRETARY 0.10
Officer
$0 $22,603 $135,750
WAYNE HO PRESIDENT & CEO 0.10
Officer
$0 $24,128 $290,601
ALICE WONG VICE PRESIDENT 0.10
Officer
$0 $8,479 $169,314
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 $1,515,599 $2,021,810 $19,440,952 $-506,211
2023 $1,548,795 $1,765,819 $19,940,740 $-217,024
2022 $1,283,784 $1,673,904 $20,272,153 $-390,120
2021 $1,100,928 $1,596,672 $20,924,046 $-495,744
2020 $1,133,590 $1,731,403 $21,922,556 $-597,813
2019 $1,240,771 $1,693,075 $22,753,546 $-452,304
2018 $1,580,073 $2,144,436 $24,767,541 $-564,363
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