GOLD HOUSE FOUNDATION INC

EIN: 833636419 501(c)(3) Human Services

COVINA, CA

Total Revenue
$8,037,755
Total Expenses
$7,519,021
Total Assets
$5,221,320
Net Assets
$4,787,208
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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
2018
Legal Domicile
CA
Principal Officer
SPENCER HWA-BING CHEN
Phone
8188503870
Tax Period
2023-01-01 to 2023-12-31

GOLD HOUSE FOUNDATION INC, founded in 2018, is a community nonprofit in the Human Services sector that reported $8.0M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $7.5M left a modest 6% surplus.

Mission

GOLD HOUSE IS THE LEADING CULTURAL ECOSYSTEM THAT UNITES, INVESTS IN, AND CHAMPIONS ASIAN AND PACIFIC ISLANDER CREATIVE ARTISTS, ENTREPRENEURS, AND COMMUNITIES TO POWER TOMORROW FOR ALL. WE CULTIVATE AND PROMOTE ASIAN PACIFIC INTERESTS, HERITAGE, AND CULTURE BY POWERING ASIAN PACIFIC: STORIES TO ACCELERATE AUTHENTIC AND AFFIRMING REPRESENTATION IN MEDIA; ENTREPRENEURS TO EMPOWER ECONOMIC SUCCESS AND BREAK GLASS CEILINGS; RECOGNITION TO INSPIRE AND RESHAPE PUBLIC OPINION; AND UNITY TO STRENGTHEN COMMUNITY AND CULTURAL LEGACY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,745,665
Program Service Revenue $3,218,796
Investment Income $73,294
Other Revenue $0
TOTAL REVENUE $8,037,755

Expense Breakdown

Grants Paid $152,500
Salaries & Benefits $2,667,323
Fundraising Expenses $364,090
Program Expenses $6,164,742
Other Expenses $4,699,198
TOTAL EXPENSES $7,519,021

Year-over-Year Comparison

2023 2022 Change
Revenue $8,037,755 $5,663,642 +0.4%
Expenses $7,519,021 $3,248,477 +1.3%
Net Income $518,734 $2,415,165 -0.8%
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
10
Independent Members
10
Employees
20
Volunteers
66

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
3
$677,711
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SPENCER HWA-BING CHEN PRESIDENT 60.00
Officer
$248,952 $0 $248,952
JEREMY TRAN EXEC DIR/SEC 60.00
Officer
$243,020 $0 $243,020
BEN CHU TREASURER 60.00
Officer
$185,739 $0 $185,739
AGNES CHU BOARD OF DIR 1.00
Director
$0 $0 $0
PRABAL GURUNG BOARD OF DIR 1.00
Director
$0 $0 $0
DANIEL DAE KIM BOARD OF DIR 1.00
Director
$0 $0 $0
MICHELLE LEE BOARD OF DIR 1.00
Director
$0 $0 $0
PATRICK LEE BOARD OF DIR 1.00
Director
$0 $0 $0
HELEN LIN BOARD OF DIR 1.00
Director
$0 $0 $0
KEVIN MAXWELL LIN BOARD OF DIR 1.00
Director
$0 $0 $0
KEVIN NISHIMURA BOARD OF DIR 1.00
Director
$0 $0 $0
SANJAY SHARMA BOARD OF DI 1.00
Director
$0 $0 $0
JANET YANG BOARD OF DIR 1.00
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
2024 No data No data No data No data
2023 $8,037,755 $7,519,021 $5,221,320 $518,734
2022 $5,663,642 $3,248,477 $4,181,546 $2,415,165
2021 $2,517,704 $1,240,730 $1,839,029 $1,276,974
2020 $480,039 $181,730 $528,823 $298,309
2019 $611,991 $563,704 $242,609 $48,287
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