MONTEREY PARK, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CHINESE AMERICAN GOLDEN AGE ASSOCIATION, founded in 1975, is a community nonprofit in the Housing & Shelter sector that reported $2.9M in total revenue in fiscal year 2024. Net assets of $6.9M represent 29 months of operating reserves.
CHINESE AMERICAN GOLDEN AGE ASSOCIATION (THE "CORPORATION") IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF CALIFORNIA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 120 UNIT PROPERTY KNOWN AS GOLDEN AGE VILLAGE (THE "PROPERTY") LOCATED IN MONTEREY PARK, CALIFORNIA, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY PERSONS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS ENTERED INTO AND IS GOVERNED BY A REGULATORY AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). THE PROJECT, THROUGH A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) WITH HUD, PROVIDES SUBSIDIES SAFE, ADEQUATE HOUSING FACILITY TO ELIGIBLE TENANTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,883,083 | $2,789,180 | +0.0% |
| Expenses | $2,829,559 | $2,072,626 | +0.4% |
| Net Income | $53,524 | $716,554 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DR IRIS CHI | PRESIDENT | 20.00 |
Officer
Director
|
$0 | $0 | $0 |
| MAY MA ROSS | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICHARD HAN | CFO | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| DR CARRIE LEW | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| GEORGE LIN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| CECILIA WU ESQ | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| TIM LI | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,883,083 | $2,829,559 | $25,208,017 | $53,524 |
| 2023 | $2,789,180 | $2,072,626 | $25,341,100 | $716,554 |
| 2022 | $2,278,141 | $1,393,226 | $6,140,625 | $884,915 |
| 2021 | $2,571,250 | $1,262,828 | $5,297,829 | $1,308,422 |
| 2020 | $2,546,283 | $1,106,257 | $4,062,970 | $1,440,026 |
| 2019 | $1,464,228 | $1,009,844 | $2,986,679 | $454,384 |
| 2018 | $1,514,663 | $1,067,983 | $2,891,209 | $446,680 |
Compare CHINESE AMERICAN GOLDEN AGE ASSOCIATION with other nonprofits in California and across the country.