Civic Intelligence

Korean American Community Housing Services Inc.

990 • Fiscal year 2017 • EIN 38-2517932

Feb 29, 2016 to Feb 28, 2017 • Filed on May 08, 2017

950 Corporate Office Drive Rm 200Milford, MI 48381

(810) 220-2639

Siviq Scores

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

Liabilities / Assets

96th percentile

1.51x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

95th percentile

4.92x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

25th percentile

-6.2%

Higher net margin than 25% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

18th percentile

-5.8%

Faster asset growth than 18% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

26th percentile

-5.2%

Faster revenue growth than 26% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$2,347,530

Down $143,317 (-5.8%) from 2016

Net Assets

Down

-$1,203,399

Down $44,812 (-3.9%) from 2016

Liabilities

Down

$3,550,929

Down $98,505 (-2.7%) from 2016

Revenue

Down

$722,268

Down $39,339 (-5.2%) from 2016

Expenses

Down

$767,080

Down $13,580 (-1.7%) from 2016

Net Income

Down

-$44,812

Down $25,759 (-135%) from 2016

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

2017

Assets$2,347,530
Liabilities$3,550,929
Net Assets-$1,203,399

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

2017

Revenue$722,268
Expenses$767,080
Net Income-$44,812
Jump To
Filing Snapshot
Filing Period
Feb 29, 2016 to Feb 28, 2017
Signed
May 8, 2017
Return Version
2016v3.0
Gross Receipts
$722,268
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$1,935,865$1,842,351▼ $93,514
Accounts Receivable$15,688$34,897▲ $19,209
Savings and Temporary Cash Investments$57,881$13,901▼ $43,980
Cash and Non-Interest-Bearing Accounts$300$300→ $0
Rtn Earn Endowment Incm Other Fnds$-1,158,587$-1,203,399▼ $44,812
Total Assets$2,490,847$2,347,530▼ $143,317
Other Assets Total$481,113$456,081▼ $25,032
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,521,146$3,469,589▼ $51,557
Accounts Payable and Accrued Expenses$37,897$44,848▲ $6,951
Other Liabilities$90,070$36,489▼ $53,581
Deferred Revenue$321$3▼ $318
Total Liabilities$3,649,434$3,550,929▼ $98,505
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,158,587$-1,203,399▼ $44,812
Total Liabilities and Net Assets / Fund Balance$2,490,847$2,347,530▼ $143,317

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,547,351$2,732,161$4,279,512
Land$295,000-$295,000
Other Assets Org$3,915--
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$719,487
Investment Income
$463
Other Revenue
$2,318
Change in Net Assets
$-44,812

Audited Revenue Reconciliation

Revenue per Audited Statements
$722,268
Total Revenue per Audited Statements
$722,268
Total Revenue per Form 990
$722,268
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$656,422
Salaries, Compensation, and Employee Benefits$110,658
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$214,849--$214,849
Depreciation Depletion$114,901--$114,901
Other Salaries and Wages$51,109$36,100-$87,209
All Other Expenses$43,506$16,476-$59,982
Insurance$41,039--$41,039
Other Expenses$42,366$29,648-$29,648
Office Expenses$15,346--$15,346
Payroll Taxes$11,851--$11,851
Other Employee Benefits$11,598--$11,598
Fees for Services Accounting$9,150--$9,150
Fees for Services Legal$810--$810
Advertising$282--$282
Total Functional Expenses$639,874$127,206$0$767,080

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$767,080
Total Expenses per Audited Statements$767,080
Total Expenses per Form 990$767,080
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.$101,968
Security Deposits$13,135
Debt Issuance Costs$-78,614
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
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

Filer Name
Korean American Community
EIN
38-2517932
Address
950 CORPORATE OFFICE DRIVE RM 200, MILFORD, MI 48381

Signing Officer

Name
Jin Sang Kim
Title
President
Signed
2017-05-08

Organization Details

Principal Officer
Jin Sang Kim
Voting Board Members
15
Independent Board Members
15
Employees
0

Preparer

Firm
Bordman Winnick & Trzos Plc
Address
7439 MIDDLEBELT RD STE 3, W BLOOMFIELD, MI 48322
Preparer
Robert F Winnick CPA
Phone
2488515350
Supplemental Narrative

Additional Explanations

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

MANAGEMENT FEES 42,366.

Raw XML AppendixShowing 400 of 422 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0546983
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1181248
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2687
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3-9431
IRS990/ProgSrvcAccomActyOtherGrp/Desc0MANAGEMENT FEES 42,366.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0334
IRS990/PYOtherExpensesAmt0679732
IRS990/PYOtherRevenueAmt02769
IRS990/PYProgramServiceRevenueAmt0758504
IRS990/PYRevenuesLessExpensesAmt0-19053
IRS990/PYSalariesCompEmpBnftPaidAmt0100928
IRS990/PYTotalExpensesAmt0780660
IRS990/PYTotalRevenueAmt0761607
IRS990/ReconcilationRevenueExpnssAmt0-44812
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-1158587
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-1203399
IRS990/SavingsAndTempCashInvstGrp/BOYAmt057881
IRS990/SavingsAndTempCashInvstGrp/EOYAmt013901
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER REVENUE 12,712
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0728918
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0758501
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0781358
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0758784
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0770461
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03798022
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0463
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0334
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0438
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0438
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0487
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02160
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0721805
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02318
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02769
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt02671
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02397
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02557
IRS990ScheduleA/OtherIncome170Grp/TotalAmt012712
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99610
IRS990ScheduleA/PublicSupportPY170Pct00.99500
IRS990ScheduleA/PublicSupportTotal170Amt03798022
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0728918
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0758501
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0781358
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0758784
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0770461
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03798022
IRS990ScheduleA/TotalSupportAmt03812894
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0767080
IRS990ScheduleD/LandGrp/BookValueAmt0295000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0295000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0452166
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13915
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0MORTGAGE ESCROWS AND RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PREPAIDS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01547351
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02732161
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04279512
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0101968
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt113135
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2-78614
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RESIDUAL RECEIPTS AVAILABLE/ RECAP.
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEBT ISSUANCE COSTS
IRS990ScheduleD/RevenueSubtotalAmt0722268
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01842351
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0456081
IRS990ScheduleD/TotalExpensesPerForm990Amt0767080
IRS990ScheduleD/TotalLiabilityAmt036489
IRS990ScheduleD/TotalRevenuePerForm990Amt0722268
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0722268
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0767080
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT FEES 42,366.
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/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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02490847
IRS990/TotalAssetsEOYAmt02347530
IRS990/TotalAssetsGrp/BOYAmt02490847
IRS990/TotalAssetsGrp/EOYAmt02347530
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0127206
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0639874
IRS990/TotalFunctionalExpensesGrp/TotalAmt0767080
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03649434
IRS990/TotalLiabilitiesEOYAmt03550929
IRS990/TotalLiabilitiesGrp/BOYAmt03649434
IRS990/TotalLiabilitiesGrp/EOYAmt03550929
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1158587
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1203399
IRS990/TotalProgramServiceExpensesAmt0639874
IRS990/TotalProgramServiceRevenueAmt0719487
IRS990/TotalRevenueGrp/ExclusionAmt0463
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0721805
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0722268
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02490847
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02347530
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JIN SANG KIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KOREAN AMERICAN COMMUNITY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0HOUSING SERVICES INC

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
2017Detailed filing. Detailed filing data is available for this year.$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