UA3 INC

EIN: 474803090 501(c)(3) Community Improvement

NEW YORK, NY

Total Revenue
$1,330,585
Total Expenses
$1,265,482
Total Assets
$833,917
Net Assets
$454,911
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
NY
Principal Officer
DONALD HONG
Phone
9176972842
Tax Period
2022-07-01 to 2023-06-30

UA3 INC, founded in 2015, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. Expenses of $1.3M left a modest 5% surplus.

Mission

THE ORGANIZATION ADVOCATES HEALTH, MENTAL HEALTH, AND THE SOCIAL WELL-BEING OF UNDERPRIVILEGED GROUPS THROUGH COMMUNITY EDUCATION AND DEVELOPS PROGRAMS IN DEVELOPING AFFORDABLE HOUSING. UA3 INC.'S GOAL IS TO CHANNEL RESOURCES INTO THE COMMUNITIES IT SERVES, WITH SPECIAL EMPHASIS TO HELP UNDERSERVED ASPECTS OF THE COMMUNITIES. FOUNDED WITH THE SLOGAN: "COMMUNITY FIRST", OUR GOAL IS TO BUILD UP THE COMMUNITY OVERALL WITH A THREE-PRONGED APPROACH BY FOCUSING ON ENHANCING THE QUALITY OF EDUCATION IN THE COMMUNITY, UA3 INC. HOPES TO PREVENT SOME OF THE ISSUES THAT AFFECT THE COMMUNITY FROM CONTINUING ONTO THE NEXT GENERATION. UA3 HAS UNDERTAKEN THE MISSION TO PROVIDE ADEQUATE ACCESS TO MENTAL HEALTH SERVICES, AND STEM THE CULTURAL STIGMA RELATED TO SEEKING AND BENEFITTING FROM SUCH SERVICES. UA3 INC. HAS SOUGHT TO ADDRESS THE GAP THAT LOWER WAGE EARNERS FACE IN FINDING MEANINGFUL WORK.

Program Service Accomplishments

Program 1
Expenses: $1,188,713 Revenue: $0

COMMUNITY FIRST FOOD PANTRY:- TO PROVIDE FRESH FOODS TO NEW YORK CITY RESIDENTS IN-NEED THROUGH THE COMMUNITY FIRST FOOD PANTRY. THE ORGANIZATION FOUNDED A FOOD PANTRY IN RESPONSE TO THE RAPID GROWTH...

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COMMUNITY FIRST FOOD PANTRY:- TO PROVIDE FRESH FOODS TO NEW YORK CITY RESIDENTS IN-NEED THROUGH THE COMMUNITY FIRST FOOD PANTRY. THE ORGANIZATION FOUNDED A FOOD PANTRY IN RESPONSE TO THE RAPID GROWTH OF FOOD INSECURITY AND SERVES UP TO 1,400 PEOPLE A WEEK.

Program 2
Expenses: $0 Revenue: $150,000

PROGRAM MANAGEMENT FEES TO CONSULT AND DEVELOP AFFORDABLE AND LOW-INCOME HOUSING.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,148,440
Program Service Revenue $150,000
Investment Income $4,501
Other Revenue $27,644
TOTAL REVENUE $1,330,585

Expense Breakdown

Grants Paid $779,376
Salaries & Benefits $250,827
Fundraising Expenses $6,338
Program Expenses $1,188,713
Other Expenses $235,279
TOTAL EXPENSES $1,265,482

Year-over-Year Comparison

2022 2021 Change
Revenue $1,330,585 $1,439,593 -0.1%
Expenses $1,265,482 $1,387,962 -0.1%
Net Income $65,103 $51,631 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
13
Volunteers
226

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
$81,731
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONALD HONG PRESIDENT 10.00
Officer Director
$0 $0 $0
ORESTES JACINTO VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
DAVID HO SECRETARY 5.00
Officer Director
$0 $0 $0
SALOME JAMES TREASURER 5.00
Officer Director
$0 $0 $0
CHARLES WANG DIRECTOR 5.00
Director
$0 $0 $0
VERONICA CHEONG DIRECTOR 5.00
Director
$0 $0 $0
LILY WOO DIRECTOR 5.00
Director
$0 $0 $0
CHI LOEK EXECUTIVE DIRECTOR 35.00
Officer
$81,731 $0 $81,731
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 No data No data No data No data
2023 $1,330,585 $1,265,482 $833,917 $65,103
2022 $1,439,593 $1,387,962 $407,732 $51,631
2022 $362,761 $315,129 $444,957 $47,632
2021 $266,463 $195,722 $364,456 $70,741
2021 $266,195 $177,019 $364,838 $89,176
2020 $201,035 $71,864 $284,933 $129,171
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