Welcome To Chinatown Inc

EIN: 881524156 501(c)(3) Community Improvement

New York, NY

Total Revenue
$756,909
Total Expenses
$389,941
Total Assets
$2,288,894
Net Assets
$366,968
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
DE
Principal Officer
Victoria Lee
Phone
4106082996
Tax Period
2023-01-01 to 2023-12-31

Welcome To Chinatown Inc, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $757K in total revenue in fiscal year 2023. The organization ran a surplus of $367K, a strong 48% operating margin.

Mission

Driving Manhattans Chinatown towards a future where tradition meets innovation, our mission is to bolster local businesses and entrepreneurs and to forge connections within and across our community. Together, we will keep Chinatown open as a beacon of cultural and economic resilience.

Program Service Accomplishments

Program 1
Expenses: $310,877 Revenue: $400

Our work is carried out through programming and events at our Small Business Innovation Hub - the first-in-kind gathering space to empower small businesses, build bridges and champion sustainable...

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Our work is carried out through programming and events at our Small Business Innovation Hub - the first-in-kind gathering space to empower small businesses, build bridges and champion sustainable growth. The Hub - Our Small Business Innovation Hub includes programming and events across our Coach, Connect, Invest, and Innovate verticals. The Hubs co-working and meeting rooms provide third-party spaces for our community to foster collaboration and innovation to build Chinatowns long term economic and cultural sustainability. We hosted 52 events and programs in 2023. Longevity Fund (Coach + Invest) - We provided small businesses and budding entrepreneurs training and hands on support with a focus on succession planning and new business incubation. Our Longevity Fund helps small businesses and entrepreneurs reach their targets through funding and venture support. We supported 97 businesses and residents in 2023. Community Outreach (Connect) - We drove collaboration to build community while reaching goals. We hosted family meals, connected small businesses with corporate partners, and created Made in Chinatown Labs to foster the freelance economy. We engaged about 43,000 attendees in 2023.

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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 $791,596
Program Service Revenue $400
Investment Income $0
Other Revenue $-35,087
TOTAL REVENUE $756,909

Expense Breakdown

Grants Paid $14,071
Salaries & Benefits $129,775
Fundraising Expenses $26,214
Program Expenses $310,877
Other Expenses $246,095
TOTAL EXPENSES $389,941

Year-over-Year Comparison

2023 2022 Change
Revenue $756,909 N/A N/A
Expenses $389,941 N/A N/A
Net Income $366,968 $0 N/A
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
6
Independent Members
6
Employees
4
Volunteers
71

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
4
$24,924
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Victoria Lee Chief Executive Officer 40.00
Officer
$22,909 $2,015 $24,924
Jennifer Tam Chairman 1.00
Officer Director
$0 $0 $0
Gerald Lam Treasurer 1.00
Officer Director
$0 $0 $0
Andrew Tein Secretary 1.00
Officer Director
$0 $0 $0
Pam Yang Director 1.00
Director
$0 $0 $0
Linus Li Director 1.00
Director
$0 $0 $0
Golam Khan Director 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 $756,909 $389,941 $2,288,894 $366,968
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