NEW YORK ADULT COMMUNITY SERVICES INC

EIN: 814439510 501(c)(3)

BAYSIDE, NY

Total Revenue
$374
Total Expenses
$2,384
Total Assets
N/A
Net Assets
N/A
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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
2016
Legal Domicile
NY
Principal Officer
JIN HONG KWON
Phone
7188880032
Tax Period
2019-01-01 to 2019-12-31

NEW YORK ADULT COMMUNITY SERVICES INC, founded in 2016, is a micro nonprofit that reported $374 in total revenue in fiscal year 2019. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $2K exceeded revenue, resulting in a 537% operating deficit.

Mission

TO SERVE COMMUNITY WITH SOCIAL SERVICES PROVIDING VARIOUS EDUCATION AND OTHERS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $374
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $374

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,312
Other Expenses $2,384
TOTAL EXPENSES $2,384

Year-over-Year Comparison

2019 2018 Change
Revenue $374 $1,874 -0.8%
Expenses $2,384 $24,426 -0.9%
Net Income $-2,010 $-22,552 -0.9%
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
5
Independent Members
2
Employees
N/A
Volunteers
N/A

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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIN HONG KWON PRESIDENT N/A
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
2019 $374 $2,384 No data $-2,010
2018 $1,874 $24,426 $30,710 $-22,552
2017 $4,030 $20,806 $31,461 $-16,776
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