HONG NING SENIOR HOUSING CORPORATION (EIN 860511863) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

LEUNG ENG

Phone

6029970013

Tax Period

2023-01-01 to 2023-12-31

HONG NING SENIOR HOUSING CORPORATION, founded in 1985, is a small nonprofit in the Housing & Shelter sector that reported $662K in total revenue in fiscal year 2023. The organization ran a surplus of $145K, a strong 22% operating margin.

Mission

TO PROVIDE LOW INCOME HOUSING AND SUPPORT SERVICES TO ELDERLY AND HANDICAPPED PERSONS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $661,280

Investment Income $1,208

Other Revenue $0

TOTAL REVENUE $662,488

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,416

Fundraising Expenses $0

Program Expenses $429,949

Other Expenses $388,311

TOTAL EXPENSES $517,727

Year-over-Year Comparison

	2023	2022	Change
Revenue	$662,488	$655,188	+0.0%
Expenses	$517,727	$471,719	+0.1%
Net Income	$144,761	$183,469	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEUNG ENG	PRESIDENT	0.30	Officer Director	$0	$0	$0
MAGGIE ENG	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
DAMING WEN	TREASURER	0.10	Officer Director	$0	$0	$0
YONG ZHOU TANG	SECRETARY (THRU 4/23)	0.10	Officer Director	$0	$0	$0
XIANG SITU	DIRECTOR	0.10	Director	$0	$0	$0
LILY WOO	DIRECTOR	0.10	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	$662,488	$517,727	$588,928	$144,761
2022	$655,188	$471,719	$664,395	$183,469
2021	$614,188	$464,561	$469,713	$149,627
2020	$573,394	$493,504	$447,715	$79,890
2019	$538,798	$526,433	$450,441	$12,365
2018	$544,721	$548,961	$488,703	$-4,240

HONG NING SENIOR HOUSING CORPORATION