Civic Intelligence

Korean American Community Housing Services Inc.

990 • Fiscal year 2014 • EIN 38-2517932

Mar 01, 2013 to Feb 28, 2014 • Filed on May 22, 2014

2200 Genoa Business Park DrRoom/Suite 100Milford, MI 48114

(810) 220-0200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

1.41x

Higher debt load relative to assets than 96% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

95th percentile

4.84x

Higher debt load relative to revenue than 95% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

40th percentile

0.0%

Higher net margin than 40% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

35th percentile

-1.4%

Faster asset growth than 35% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

34th percentile

-1.5%

Faster revenue growth than 34% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$2,611,353

Down $38,004 (-1.4%) from 2013

Net Assets

Up

-$1,076,671

Up $226 (+0.0%) from 2013

Liabilities

Down

$3,688,024

Down $38,230 (-1.0%) from 2013

Revenue

Down

$761,619

Down $11,886 (-1.5%) from 2013

Expenses

Down

$761,393

Down $101,094 (-12%) from 2013

Net Income

Up

$226

Up $89,208 (+100%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$2.0M$0-$2.0MAssets 2012: $2,751,856Liabilities 2012: $3,739,771Net Assets 2012: -$987,9152012Assets 2013: $2,649,357Liabilities 2013: $3,726,254Net Assets 2013: -$1,076,8972013Assets 2014: $2,611,353Liabilities 2014: $3,688,024Net Assets 2014: -$1,076,6712014Assets 2015: $2,533,923Liabilities 2015: $3,673,457Net Assets 2015: -$1,139,5342015Assets 2016: $2,490,847Liabilities 2016: $3,649,434Net Assets 2016: -$1,158,5872016Assets 2017: $2,347,530Liabilities 2017: $3,550,929Net Assets 2017: -$1,203,3992017Assets 2018: $2,271,480Liabilities 2018: $3,490,169Net Assets 2018: -$1,218,6892018Assets 2019: $2,147,226Liabilities 2019: $3,379,099Net Assets 2019: -$1,231,8732019Assets 2020: $2,080,509Liabilities 2020: $3,297,654Net Assets 2020: -$1,217,1452020Assets 2021: $2,016,074Liabilities 2021: $3,268,135Net Assets 2021: -$1,252,0612021Assets 2022: $1,976,370Liabilities 2022: $3,162,220Net Assets 2022: -$1,185,8502022Assets 2023: $2,000,555Liabilities 2023: $3,151,229Net Assets 2023: -$1,150,6742023Assets 2024: $1,956,539Liabilities 2024: $3,073,132Net Assets 2024: -$1,116,5932024Assets 2025: $1,908,155Liabilities 2025: $3,031,902Net Assets 2025: -$1,123,7472025

Highlighted filing

2014

Assets$2,611,353
Liabilities$3,688,024
Net Assets-$1,076,671

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2012: $783,204Expenses 2012: $788,460Net Income 2012: -$5,2562012Revenue 2013: $773,505Expenses 2013: $862,487Net Income 2013: -$88,9822013Revenue 2014: $761,619Expenses 2014: $761,393Net Income 2014: $2262014Revenue 2015: $784,467Expenses 2015: $790,776Net Income 2015: -$6,3092015Revenue 2016: $761,607Expenses 2016: $780,660Net Income 2016: -$19,0532016Revenue 2017: $722,268Expenses 2017: $767,080Net Income 2017: -$44,8122017Revenue 2018: $818,084Expenses 2018: $833,374Net Income 2018: -$15,2902018Revenue 2019: $795,451Expenses 2019: $808,635Net Income 2019: -$13,1842019Revenue 2020: $807,398Expenses 2020: $792,670Net Income 2020: $14,7282020Revenue 2021: $814,322Expenses 2021: $849,238Net Income 2021: -$34,9162021Revenue 2022: $873,637Expenses 2022: $807,426Net Income 2022: $66,2112022Revenue 2023: $877,284Expenses 2023: $842,108Net Income 2023: $35,1762023Revenue 2024: $878,916Expenses 2024: $844,835Net Income 2024: $34,0812024Revenue 2025: $877,805Expenses 2025: $884,959Net Income 2025: -$7,1542025

Highlighted filing

2014

Revenue$761,619
Expenses$761,393
Net Income$226
Jump To
Filing Snapshot
Filing Period
Mar 1, 2013 to Feb 28, 2014
Signed
May 22, 2014
Return Version
2013v3.1
Gross Receipts
$761,619
Mission and Program Overview

Mission

To provide rental payments for seniors.

Provide rental payments for seniors

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,084,783$2,003,472▼ $81,311
Savings and Temporary Cash Investments$57,745$31,327▼ $26,418
Accounts Receivable$41,859$23,448▼ $18,411
Cash and Non-Interest-Bearing Accounts$300$300→ $0
Rtn Earn Endowment Incm Other Fnds$-1,076,897$-1,076,671▲ $226
Total Assets$2,649,357$2,611,353▼ $38,004
Other Assets Total$464,670$552,806▲ $88,136
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,658,130$3,615,240▼ $42,890
Other Liabilities$39,973$40,280▲ $307
Accounts Payable and Accrued Expenses$27,059$32,496▲ $5,437
Deferred Revenue$1,092$8▼ $1,084
Total Liabilities$3,726,254$3,688,024▼ $38,230
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,076,897$-1,076,671▲ $226
Total Liabilities and Net Assets / Fund Balance$2,649,357$2,611,353▼ $38,004

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,708,472$2,389,071$4,097,543
Land$295,000-$295,000
Other Assets Org$4,073--
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$758,784
Investment Income
$438
Other Revenue
$2,397
Change in Net Assets
$226

Audited Revenue Reconciliation

Revenue per Audited Statements
$761,619
Total Revenue per Audited Statements
$761,619
Total Revenue per Form 990
$761,619
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$657,689
Salaries, Compensation, and Employee Benefits$103,704
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$223,560--$223,560
Depreciation Depletion$116,923--$116,923
All Other Expenses$104,691--$104,691
Other Salaries and Wages$83,058--$83,058
Other Expenses$37,509--$37,509
Payroll Taxes$12,261--$12,261
Fees for Services Accounting$8,550--$8,550
Other Employee Benefits$8,385--$8,385
Office Expenses$5,026--$5,026
Fees for Services Legal$198--$198
Total Functional Expenses$761,393$0$0$761,393

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$761,393
Total Expenses per Audited Statements$761,393
Total Expenses per Form 990$761,393
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Residual Receipts Available/ Recap.$27,999
Security Deposits$12,281
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The organization delegates control over management duties performmed by a management company.

Form 990, Page 6, Part VI, Line 11B

The auditing firm produces the audit and prepares the tax return. Management and the board reviews the return.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

EIN
38-2517932

Signing Officer

Name
Jin S Kim
Title
President
Signed
2014-05-22

Organization Details

Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Preparer
Robert F Winnick CPA
Phone
2488515350
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

MANAGEMENT FEES 37509.

Form 990, Part IX, Line 24E

Maintenance 34,890 0 0 insurance 28,055 0 0 misc. Taxes and insurance 16,344 0 0 permits & fees 10,003 0 0 garbage & trash removal 5,400 0 0 telephone 3,247 0 0 miscellaneous administrat 2,909 0 0 workers compensation 2,832 0 0 advertising 1,011 0 0

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IRS990/PYSalariesCompEmpBnftPaidAmt096766
IRS990/PYTotalExpensesAmt0862487
IRS990/PYTotalRevenueAmt0773505
IRS990/ReconcilationRevenueExpnssAmt0226
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-1076897
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-1076671
IRS990/SavingsAndTempCashInvstGrp/BOYAmt057745
IRS990/SavingsAndTempCashInvstGrp/EOYAmt031327
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0OTHER REVENUE 16,496
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0758784
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0770461
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0776048
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0781941
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0725596
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03812830
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0438
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0487
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0734
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0756
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02406
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04821
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0761181
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02397
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02557
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt06422
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02751
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02369
IRS990ScheduleA/OtherIncome170Grp/TotalAmt016496
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99440
IRS990ScheduleA/PublicSupportPY170Pct00.99330
IRS990ScheduleA/PublicSupportTotal170Amt03812830
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0758784
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0770461
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0776048
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0781941
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0725596
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03812830
IRS990ScheduleA/TotalSupportAmt03834147
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01708472
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02389071
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04097543
IRS990ScheduleD/ExpensesSubtotalAmt0761393
IRS990ScheduleD/LandGrp/BookValueAmt0295000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0295000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0461106
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt187627
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt24073
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0MORTGAGE ESCROWS AND RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ORGANIZATIONAL COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2PREPAIDS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027999
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt112281
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RESIDUAL RECEIPTS AVAILABLE/ RECAP.
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0761619
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02003472
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0552806
IRS990ScheduleD/TotalExpensesPerForm990Amt0761393
IRS990ScheduleD/TotalLiabilityAmt040280
IRS990ScheduleD/TotalRevenuePerForm990Amt0761619
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0761619
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0761393
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT FEES 37509.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DELEGATES CONTROL OVER MANAGEMENT DUTIES PERFORMMED BY A MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE AUDITING FIRM PRODUCES THE AUDIT AND PREPARES THE TAX RETURN. MANAGEMENT AND THE BOARD REVIEWS THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MAINTENANCE 34,890 0 0 INSURANCE 28,055 0 0 MISC. TAXES AND INSURANCE 16,344 0 0 PERMITS & FEES 10,003 0 0 GARBAGE & TRASH REMOVAL 5,400 0 0 TELEPHONE 3,247 0 0 MISCELLANEOUS ADMINISTRAT 2,909 0 0 WORKERS COMPENSATION 2,832 0 0 ADVERTISING 1,011 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02649357
IRS990/TotalAssetsEOYAmt02611353
IRS990/TotalAssetsGrp/BOYAmt02649357
IRS990/TotalAssetsGrp/EOYAmt02611353
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0761393
IRS990/TotalFunctionalExpensesGrp/TotalAmt0761393
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03726254
IRS990/TotalLiabilitiesEOYAmt03688024
IRS990/TotalLiabilitiesGrp/BOYAmt03726254
IRS990/TotalLiabilitiesGrp/EOYAmt03688024
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1076897
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1076671
IRS990/TotalProgramServiceExpensesAmt0761393
IRS990/TotalProgramServiceRevenueAmt0758784
IRS990/TotalRevenueGrp/ExclusionAmt0438
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0761181
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0761619
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02649357
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02611353
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JIN S KIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-05-22
ReturnHeader/Filer/BusinessName/BusinessNameLine10KOREAN AMERICAN COMMUNITY
ReturnHeader/Filer/BusinessName/BusinessNameLine20HOUSING SERVICES INC
ReturnHeader/Filer/BusinessNameControlTxt0KORE
ReturnHeader/Filer/EIN0382517932
ReturnHeader/Filer/USAddress/AddressLine102200 GENOA BUSINESS PARK DR
ReturnHeader/Filer/USAddress/AddressLine20ROOM/SUITE 100
ReturnHeader/Filer/USAddress/City0BRIGHTON
ReturnHeader/Filer/USAddress/State0MI

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.91$3.03$1.12$0.88$0.88$0.01
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$3.07$1.12$0.88$0.84$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.00$3.15$1.15$0.88$0.84$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.98$3.16$1.19$0.87$0.81$0.07
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.02$3.27$1.25$0.81$0.85$0.03
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.08$3.30$1.22$0.81$0.79$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.15$3.38$1.23$0.80$0.81$0.01
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.27$3.49$1.22$0.82$0.83$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.35$3.55$1.20$0.72$0.77$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.49$3.65$1.16$0.76$0.78$0.02
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.53$3.67$1.14$0.78$0.79$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.61$3.69$1.08$0.76$0.76$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.65$3.73$1.08$0.77$0.86$0.09
2012Summary only. Only limited summary data is available for this year.$2.75$3.74$0.99$0.78$0.79$0.01