KOREAN AMERICAN COMMUNITY HOUSING SERVICES INC

EIN: 382517932 501(c)(3)

MILFORD, MI

Total Revenue
$877,805
Total Expenses
$884,959
Total Assets
$1,908,155
Net Assets
$-1,123,747
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
MI
Principal Officer
JYUNG K KIM
Phone
2487697400
Tax Period
2024-03-01 to 2025-02-28

KOREAN AMERICAN COMMUNITY HOUSING SERVICES INC, founded in 1984, is a small nonprofit that reported $878K in total revenue in fiscal year 2024.

Mission

TO PROVIDE RENTAL PAYMENTS FOR SENIORS.

Program Service Accomplishments

Program 1
Expenses: $470,051 Revenue: $874,287

PROVIDED 80 UNITS OF HOUSING IN THE CITY OF WAYNE, MICHIGAN FOR SENIOR CITIZENS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $874,287
Investment Income $3,518
Other Revenue $0
TOTAL REVENUE $877,805

Expense Breakdown

Grants Paid $0
Salaries & Benefits $197,240
Fundraising Expenses $0
Program Expenses $470,051
Other Expenses $687,719
TOTAL EXPENSES $884,959

Year-over-Year Comparison

2024 2023 Change
Revenue $877,805 $878,916 0.0%
Expenses $884,959 $844,835 +0.0%
Net Income $-7,154 $34,081 -1.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
Employees
N/A
Volunteers
19

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
4
$0
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAEHOON JANG DIRECTOR 0.50
Director
$0 $0 $0
SO YOUNG KIM DIRECTOR 0.50
Director
$0 $0 $0
SHIN KANG CHO DIRECTOR 0.50
Director
$0 $0 $0
BYUNG H CHUNG DIRECTOR 0.50
Director
$0 $0 $0
JUNHYO J RIM DIRECTOR 0.50
Director
$0 $0 $0
HYUN CHAN SHIN DIRECTOR 0.50
Director
$0 $0 $0
HWA CHONG DIRECTOR 0.50
Director
$0 $0 $0
JIN SANG KIM DIRECTOR 0.50
Director
$0 $0 $0
BU CHUL YU DIRECTOR 0.50
Director
$0 $0 $0
HWA KYUNG STACY DIRECTOR 0.50
Director
$0 $0 $0
SORAYA LARKIN DIRECTOR 0.50
Director
$0 $0 $0
ROBERT SEUNGMO LEE DIRECTOR 0.50
Director
$0 $0 $0
STACEY JUNN DIRECTOR 0.50
Director
$0 $0 $0
LAURA KANG DIRECTOR 0.50
Director
$0 $0 $0
TIM SONG DIRECTOR 0.50
Director
$0 $0 $0
DAVID HAESIK KIM TREASURER 0.50
Officer Director
$0 $0 $0
HYEJUNG J YUN VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
JYUNG K KIM PRESIDENT 0.50
Officer Director
$0 $0 $0
HI CHUL SONG CHAIR 0.50
Officer 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
2025 $877,805 $884,959 $1,908,155 $-7,154
2024 $878,916 $844,835 $1,956,539 $34,081
2023 $877,284 $842,108 $2,000,555 $35,176
2022 $873,637 $807,426 $1,976,370 $66,211
2021 $814,322 $849,238 $2,016,074 $-34,916
2020 $807,398 $792,670 $2,080,509 $14,728
2019 $795,451 $808,635 $2,147,226 $-13,184
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