ELDER CARE COMMUNITY FOR HOME CARE SERVICE

EIN: 474963356 501(c)(3) Philanthropy & Grantmaking

BROOKLYN, NY

Total Revenue
$490,540
Total Expenses
$214,000
Total Assets
$230,000
Net Assets
$115,000
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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
2024
Legal Domicile
NY
Phone
6462728288
Tax Period
2024-01-01 to 2024-12-31

ELDER CARE COMMUNITY FOR HOME CARE SERVICE, founded in 2024, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $491K in total revenue in fiscal year 2024. The organization ran a surplus of $277K, a strong 56% operating margin.

Mission

ASSIST SENIOR AND DISABILITIES TO BECOME MORE INDEPENDENT AND HEALTHY . THE MAIN GOAL IS TO IMPROVE THEIR HEALTH CONDITION .

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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 $490,540
Investment Income $0
Other Revenue $0
TOTAL REVENUE $490,540

Expense Breakdown

Grants Paid $0
Salaries & Benefits $26,000
Fundraising Expenses $2,000
Program Expenses $210,000
Other Expenses $188,000
TOTAL EXPENSES $214,000

Year-over-Year Comparison

2024 2023 Change
Revenue $490,540 $490,540 N/A
Expenses $214,000 $210,000 +0.0%
Net Income $276,540 $280,540 0.0%
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
4
Independent Members
4
Employees
N/A
Volunteers
2

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
1
$90,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
yue huai chen ceo 39
Officer
$30,000 $30,000 $90,000
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 $490,540 $214,000 $230,000 $276,540
2023 $503,829 $295,460 $208,370 $208,369
2022 $336,254 $258,308 $129,154 $77,946
2021 $452,472 $12,000 $452,472 $440,472
2020 $465,912 $14,305 $460,812 $451,607
2019 $436,061 $46,776 $405,285 $389,285
2018 $589,723 $526,931 $87,331 $62,792
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