Filipino-American Development Foundation

EIN: 943300090 501(c)(3) Human Services

San Francisco, CA

Total Revenue
$2,345,251
Total Expenses
$2,917,688
Total Assets
$3,675,446
Net Assets
$1,667,059
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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
CA
Phone
4153488042
Tax Period
2024-01-01 to 2024-12-31

Filipino-American Development Foundation, founded in 1997, is a community nonprofit in the Human Services sector that reported $2.3M in total revenue in fiscal year 2024. Expenses of $2.9M exceeded revenue, resulting in a 24% operating deficit.

Mission

The Filipino-American Development Foundation (FADF) is a nonprofit organization founded in March 1997 to develop initiatives and resources to strengthen the social, physical, and economic well being of the Filipino American community with special attention to the underserved segments of the community. FADF's involvement in the community centers on the needs of the seniors and immigrant families in San Francisco and has taken a responsive, participatory, and an asset-based approach to serving 2000 clients per year at FADF's Bayanihan Community Center through after-school programs, community mental health programs, and cultural & art programming for low-income families.

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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 $2,098,374
Program Service Revenue $183,655
Investment Income $58,802
Other Revenue $4,420
TOTAL REVENUE $2,345,251

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,618,314
Fundraising Expenses $176,280
Program Expenses $2,390,855
Other Expenses $1,299,374
TOTAL EXPENSES $2,917,688

Year-over-Year Comparison

2024 2023 Change
Revenue $2,345,251 $2,462,732 0.0%
Expenses $2,917,688 $1,914,314 +0.5%
Net Income $-572,437 $548,418 -2.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
7
Employees
61
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
5
$145,736
Total Directors
7
$36,691
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gayle Romasanta Executive Dir. 40.00
Officer
$145,736 $0 $145,736
MC Canlas Director 23.00
Director
$36,691 $0 $36,691
Carolyn Sideco President 1.00
Officer Director
$0 $0 $0
Jerel Baldomero Vice President 1.00
Officer Director
$0 $0 $0
Edgar Estonina Treasurer 1.00
Officer Director
$0 $0 $0
Bernice Sy Secretary 1.00
Officer Director
$0 $0 $0
Bernadette Sy Director 1.00
Director
$0 $0 $0
Regina DeGuzman 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 $2,345,251 $2,917,688 $3,675,446 $-572,437
2023 $2,462,732 $1,914,314 $3,940,888 $548,418
2022 $1,655,122 $1,636,842 $3,062,235 $18,280
2021 $1,027,617 $696,379 $2,851,628 $331,238
2020 $722,136 $667,859 $2,718,738 $54,277
2019 $660,127 $591,137 $2,226,589 $68,990
2018 $3,216,243 $3,241,471 $2,049,042 $-25,228
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