HONG LOK C/O BILTMORE PROPERTIES

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

CHEAK YEE

Phone

6029970013

Tax Period

2023-01-01 to 2023-12-31

HONG LOK C/O BILTMORE PROPERTIES, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $357K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $502K exceeded revenue, resulting in a 41% operating deficit.

Mission

TO PROVIDE HOUSING AND SUPPORT SERVICES FOR ELDERLY AND HANDICAPPED PERSONS.

Program Service Accomplishments

Program 1

Expenses: $438,714 Revenue: $359,868

THIS ORGANIZATION PROVIDED AFFORDABLE HOUSING TO ELDERLY PERSONS THROUGH THE OPERATION OF A 42-UNIT HUD 202 PRAC MULTIFAMILY HOUSING COMMUNITY IN PHOENIX, ARIZONA. THE ORGANIZATION PROVIDED DECENT...

THIS ORGANIZATION PROVIDED AFFORDABLE HOUSING TO ELDERLY PERSONS THROUGH THE OPERATION OF A 42-UNIT HUD 202 PRAC MULTIFAMILY HOUSING COMMUNITY IN PHOENIX, ARIZONA. THE ORGANIZATION PROVIDED DECENT AND SAFE HOUSING TO 84 RESIDENTS: 74% BETWEEN THE AGES 62-81 AND 26% BETWEEN THE AGES 82-93. HONG LOK EMPLOYED A SERVICE COORDINATOR WHO ASSISTED RESIDENTS WITH OBTAINING A VARIETY OF SOCIAL SERVICES AND REFERRALS, SUCH AS: ADVOCACY, ASSESSMENTS, CASE MANAGEMENT, BENEFITS AND ENTITLEMENTS (IE. SOCIAL SECURITY AND MEDICARE), TRANSLATION, TRANSPORTATION, CONFLICT RESOLUTION, HEALTHCARE SERVICES, COMPUTERS AND TECHNOLOGY, AND EMERGENCY FINANCIAL ASSISTANCE. EDUCATIONAL IN-SERVICES AND HEALTH AND WELLNESS ACTIVITIES WERE SCHEDULED EACH MONTH BY THE SERVICE COORDINATOR, IN ADDITION TO OTHER ACTIVITIES (CONT'D ON SCH O) PLANNED BY THE RESIDENT COUNCIL. RESIDENTS WERE ABLE TO RECEIVE ADDITIONAL SOCIAL SERVICES PROVIDED BY THE NEAR-BY SENIOR CENTER.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $359,868

Investment Income $-2,681

Other Revenue $0

TOTAL REVENUE $357,187

Expense Breakdown

Grants Paid $0

Salaries & Benefits $159,497

Fundraising Expenses $0

Program Expenses $438,714

Other Expenses $342,534

TOTAL EXPENSES $502,031

Year-over-Year Comparison

	2023	2022	Change
Revenue	$357,187	$292,294	+0.2%
Expenses	$502,031	$511,531	0.0%
Net Income	$-144,844	$-219,237	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHEAK YEE	CHAIR	0.20	Officer Director	$0	$0	$0
TERESA YUNG	VICE CHAIR	0.20	Officer Director	$0	$0	$0
RUDY YEE	TREASURER	0.20	Officer Director	$0	$0	$0
BRENDA FUNG	SECRETARY	0.20	Officer Director	$0	$0	$0
JOE YUE	AUDITOR	0.20	Officer Director	$0	$0	$0
MARGARET T LIU	DIRECTOR	0.20	Director	$0	$0	$0
TONY TANG	DIRECTOR	0.20	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	$357,187	$502,031	$3,771,538	$-144,844
2022	$292,294	$511,531	$3,882,330	$-219,237
2021	$430,317	$422,484	$4,119,912	$7,833
2020	$333,567	$406,515	$4,050,081	$-72,948
2019	$310,557	$392,896	$4,145,886	$-82,339
2018	$291,554	$424,581	$4,270,284	$-133,027