KORAM SENIOR HOUSING CORPORATION (EIN 363314048) - Form 990 Financial Analysis & Trantor Score

🔒

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

1982

Legal Domicile

Principal Officer

DANAE KOVAC

Phone

7735835501

Tax Period

2025-01-01 to 2025-12-31

KORAM SENIOR HOUSING CORPORATION, founded in 1982, is a small nonprofit that reported $988K in total revenue in fiscal year 2025. Expenses of $869K left a modest 12% surplus.

Mission

MANAGE APARTMENT BUILDING THAT PROVIDES HUD-SUBSIDIZED HOUSING FOR THE ELDERLY AND HANDICAPPED.

🔒

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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $985,943

Investment Income $800

Other Revenue $1,223

TOTAL REVENUE $987,966

Expense Breakdown

Grants Paid $0

Salaries & Benefits $325,132

Fundraising Expenses $0

Program Expenses $610,178

Other Expenses $543,533

TOTAL EXPENSES $868,665

Year-over-Year Comparison

	2025	2024	Change
Revenue	$987,966	$960,081	+0.0%
Expenses	$868,665	$863,600	+0.0%
Net Income	$119,301	$96,481	+0.2%

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

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
ARNOLD CHOI	PRESIDENT	3.00	Officer Director	$0	$0	$0
KENT CHAEGU LEE	SECRETARY/TREASURER	3.00	Officer Director	$0	$0	$0
DR JOSEPH KIM	DIRECTOR	2.00	Director	$0	$0	$0
OK KYUNG KIM	DIRECTOR	2.00	Director	$0	$0	$0
SHINHAE OH	DIRECTOR	2.00	Director	$0	$0	$0
DANAE KOVAC	EXECUTIVE DIRECTOR	2.00	Officer	$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
2025	$987,966	$868,665	$1,479,319	$119,301
2024	No data	No data	No data	No data
2023	$914,671	$810,355	$1,426,714	$104,316
2022	$883,152	$806,464	$1,410,194	$76,688
2021	$862,617	$886,713	$1,384,802	$-24,096
2020	$856,332	$860,248	$1,523,027	$-3,916

KORAM SENIOR HOUSING CORPORATION