LAO FAMILY COMMUNITY DEVELOPMENT INC

EIN: 943115164 501(c)(3) Unknown

OAKLAND, CA

Total Revenue
$23,165,167
Total Expenses
$29,076,349
Total Assets
$57,559,835
Net Assets
$2,586,677
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
CA
Principal Officer
KATHY CHAO ROTHBERG
Phone
5105338850
Tax Period
2024-01-01 to 2024-12-31

LAO FAMILY COMMUNITY DEVELOPMENT INC, founded in 1990, is a mid-sized nonprofit in the Unknown sector that reported $23.2M in total revenue in fiscal year 2024. Expenses of $29.1M exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROVIDE ASSISTANCE TO REFUGEES, DIVERSE IMMIGRANT, AND LOW-INCOME US BORN POPULATION TO ACHIEVE SELF-SUFFICIENCY. PROVIDING ASSISTANCE TO REFUGEES IN ADAPTING TO LIFE IN THE UNITED STATES AND IN ACHIEVING SELF-SUFFICIENCY BY PROVIDING EDUCATION AND OTHER OPPORTUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $21,893,007
Program Service Revenue $0
Investment Income $333,497
Other Revenue $938,663
TOTAL REVENUE $23,165,167

Expense Breakdown

Grants Paid $4,124,731
Salaries & Benefits $11,865,190
Fundraising Expenses $103,560
Program Expenses $19,496,539
Other Expenses $13,086,428
TOTAL EXPENSES $29,076,349

Year-over-Year Comparison

2024 2023 Change
Revenue $23,165,167 $23,204,497 0.0%
Expenses $29,076,349 $23,335,561 +0.2%
Net Income $-5,911,182 $-131,064 +44.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
596
Volunteers
45

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
5
$929,345
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HARPREET SANDHU DIRECTOR 5.00
Director
$0 $0 $0
KOY SAEPHAN DIRECTOR 5.00
Director
$0 $0 $0
RITA XAVIER TREASURER 5.00
Director
$0 $0 $0
FRAMTA SAECHAO SECRETARY 5.00
Director
$0 $0 $0
BRIAN LIBOW BOARD CHAIR 5.00
Director
$0 $0 $0
KATHY CHAO-ROTHBERG CEO 40.00
Officer
$323,959 $23,500 $347,459
MAI T QUACH DIRECTOR OF PROGRAMS 40.00
Officer
$166,133 $30,486 $196,619
KHANMALEE RATTANASITH ACCOUNTING MANAGER 40.00
Officer
$125,867 $15,500 $141,367
KAZOUA HEA DIRECTOR 40.00
Officer
$124,600 $4,800 $129,400
JOHN BEASLEY INTERIM CFO 40.00
Officer
$114,500 $0 $114,500
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 $23,165,167 $29,076,349 $57,559,835 $-5,911,182
2023 $23,204,497 $23,335,561 $62,147,224 $-131,064
2022 $17,375,313 $17,097,100 $57,769,089 $278,213
2021 $12,715,331 $12,207,500 $30,841,682 $507,831
2020 $10,135,473 $9,431,409 $29,099,051 $704,064
2019 $7,904,652 $7,637,162 $26,359,108 $267,490
2018 $8,800,822 $6,877,780 $26,554,129 $1,923,042
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