Civic Intelligence

Bremond King Davis Housing Development Fund Company Inc

990 • Fiscal year 2021 • EIN 47-3791580

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 03, 2022

Organization Profile WWW.AAFE.ORG

2 Allen Street 7th FLNew York, NY 10002

Siviq Scores

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

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Higher net margin than 3% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 31.0% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet

Liabilities / Assets95th percentile

Assets

$5,369,066

No earlier filing loaded for comparison.

Net Assets

-$614,665

No earlier filing loaded for comparison.

Liabilities

$5,983,731

No earlier filing loaded for comparison.

Revenue And Expenses

Liabilities / Revenue96th percentile Net Margin3rd percentile

Revenue

$901,826

No earlier filing loaded for comparison.

Expenses

$1,602,235

No earlier filing loaded for comparison.

Net Income

-$700,409

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

Highlighted filing

2021

Assets$5,369,066

Liabilities$5,983,731

Net Assets-$614,665

Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

Highlighted filing

2021

Revenue$901,826

Expenses$1,602,235

Net Income-$700,409

Open 2021 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2021 to Dec 31, 2021
Signed: Nov 3, 2022
Return Version: 2021v4.2
Gross Receipts: $901,826

Mission and Program Overview

Mission

The corporation was established for the purposes of developing and operating, on a non-profit basis, a housing project for persons of low income in new york city where no adequate housing exists for such persons.

The organization was established for the purpose of developing, on a non-profit basis, a housing project for persons of low income in new york city where no adequate housing exists for such persons.

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$4,479,486	$3,785,385	▼ $694,101
Savings and Temporary Cash Investments	$318,462	-	-
Cash and Non-Interest-Bearing Accounts	$107,958	$260,055	▲ $152,097
Accounts Receivable	$88,199	$111,720	▲ $23,521
Prepaid Expenses and Deferred Charges	$39,987	$40,064	▲ $77
Total Assets	$6,145,658	$5,369,066	▼ $776,592
Other Assets Total	$1,111,566	$1,171,842	▲ $60,276
Liabilities
Mortgage Notes Payable Secured by Investment Property	$5,837,640	$5,837,640	→ $0
Accounts Payable and Accrued Expenses	$72,890	$96,533	▲ $23,643
Other Liabilities	$149,384	$49,558	▼ $99,826
Total Liabilities	$6,059,914	$5,983,731	▼ $76,183
Net Assets / Fund Balance
Net Assets With Donor Restrictions	$34,298	$-245,866	▼ $280,164
Net Assets Without Donor Restrictions	$51,446	$-368,799	▼ $420,245
Total Net Assets Fund Balance	$85,744	$-614,665	▼ $700,409
Total Liabilities and Net Assets / Fund Balance	$6,145,658	$5,369,066	▼ $776,592

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$3,746,852	$7,704,232	$11,451,084
Equipment	$38,523	$2,627	$41,150
Land	$10	-	$10
Other Assets Org	$4,335	-	-

Compensation and Service Providers

Top Officer Pay87th percentile

Employees

Name	Title	Other	Total
Hsueh Lam Yan	Assistant Secretary	$140,734	$140,734

Board Members and Trustees

Name	Title
Ingrid Gomez Faria	Board Member
Yvonne Stennet	Board Member
Jennifer Sun	Co-executive Director
Thomas Yu	Co-executive Director
Tim Jung	CFO (outgoing)
Jaqueline Huey	Secretary

Revenue and Support

Revenue Composition

Contributions and Grants: $0
Program Service Revenue: $852,667
Investment Income: $4,450
Other Revenue: $44,709
Change in Net Assets: $-700,409

Audited Revenue Reconciliation

Revenue per Audited Statements: $901,826
Revenue Not Reported on Financial Statements: $0
Revenue Not Reported on Form 990: $0
Total Revenue per Audited Statements: $901,826
Total Revenue per Form 990: $901,826

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$1,460,581
Salaries, Compensation, and Employee Benefits	$141,654
Grants and Similar Amounts Paid	$0
Professional Fundraising Fees	$0
Total Fundraising Expense	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Depreciation Depletion	$725,504	-	-	$725,504
Occupancy	$329,502	-	-	$329,502
Other Salaries and Wages	$104,076	-	-	$104,076
Fees for Services Accounting	$86,913	-	-	$86,913
Interest	$27,161	-	-	$27,161
Other Employee Benefits	$22,602	-	-	$22,602
Fees for Services Other	$3,000	$19,600	-	$22,600
Payroll Taxes	$14,976	-	-	$14,976
Other Expenses	$10,716	$16,141	-	$10,716
Insurance	$7,136	-	-	$7,136
All Other Expenses	$5,171	-	-	$5,171
Advertising	$3,000	-	-	$3,000
Office Expenses	$2,398	-	-	$2,398
Fees for Services Legal	$2,134	-	-	$2,134
Total Functional Expenses	$1,455,587	$146,648	$0	$1,602,235

Audited Expense Reconciliation

Line Item	Amount
Expenses per Audited Statements	$1,602,235
Total Expenses per Audited Statements	$1,602,235
Total Expenses per Form 990	$1,602,235
Expenses Not Reported on Financial Statements	$0
Expenses Not Reported on Form 990	$0

Fundraising, Events, and Gaming

Fundraising activities: No
Gaming activities: No
Professional fundraiser used: No

Fundraising and Gaming Totals

Line Item	Amount
Professional Fundraising Fees	$0

Political and Lobbying Activity

Political campaign activity: No
Lobbying activity: No
Subject to proxy tax: No

Related Organizations and Partnerships

Related Tax-Exempt Organizations

Organization	Location	Activity	Code	Public Charity	Controlled
4 Nyc Housing Inc	New York, NY	Promote Common Good and Welfare and Economic Development in New York	501(c)(3)	Line 10	No
Aafe Community Development Fund Inc	New York, NY	Provides Technical Assistance and Affordable Second Mortagege Loans	501(c)(3)	Line 7	No
Aafe Fair Housing Center Inc	New York, NY	Lease Office Space in the Jackson Heights Neighborhood of Queens	501(c)(3)	Line 10	No
Aafe New Americans Opportunity Fund Inc	New York, NY	Promote Common Good and Welfare and Economic Development in New York	501(c)(3)	Line 10	No
Asian American Housing Development Fund Company Inc	New York, NY	Provides Affordable Housing Development and Preservation	501(c)(3)	Line 10	No
Asian Americans for Equality Inc	New York, NY	To Advances the Rights of Asian Americans and All Those in Need	501(c)(3)	Line 7	No
Chinatown Preservation Housing Development Fund Company Inc	New York, NY	Developing and Preserving Housing Projects for Low Income Families	501(c)(3)	Line 10	No
Community Homes Housing Development Fund Company Inc	New York, NY	Promotes Home Ownership for Minority and Underserved Populations	501(c)(3)	Line 10	No
Community Renewal Housing Development Fund Company Inc	New York, NY	Rehabilitating a Housing Project for Persons of Low Income	501(c)(3)	Line 10	No
Downtown Manhattan Community Development	New York, NY	Developing a Housing Project for Low-income Families	501(c)(3)	Line 10	No
East Chinatown Housing Development Fund Company Inc	New York, NY	Provides Low-income Housing in Nyc & Promotes Affordable Housing	501(c)(3)	Line 10	No
El Caribe Housing Development Fund Company Inc	New York, NY	Provides Affordable Housing Development and Preservation	501(c)(3)	Line 10	No
Hardesty Renaissance Economic Development Corporation	Kansas City, MO	Provides Financial Assistance to Qualified Individuals and Businesses	501(c)(3)	Line 10	No
Lower East Side Housing Development Fund Company Inc	New York, NY	Provides Affordable Housing Development and Preservation	501(c)(3)	Line 10	No
Madison Street Housing Development Fund Company Inc	New York, NY	Provides Affordable Housing Development and Preservation	501(c)(3)	Line 10	No
Montgomery Housing Development Fund Company Inc	New York, NY	Developing a Housing Project for Persons of Low Income	501(c)(3)	Line 10	No
One Flushing Hdfc	New York, NY	Developing a Housing Project for Low-income Families	501(c)(3)	Line 10	No
Queens Housing and Immigration Center Corporation	New York, NY	Provides Immigrant Housing and Social Services	501(c)(3)	Line 10	No
Renaissance Economic Development Corporation	New York, NY	Provides Affordable Loans and Targeted Technical Assistance	501(c)(3)	Line 7	No
Rivington Housing Development Fund Company Inc	New York, NY	Developing a Housing Project for Low-income Families	501(c)(3)	Line 10	No
Stanton Norfolk Inc	New York, NY	MANAGING ALL OF ITS PARENT ORGANIZATION, AAFE'S HOUSING DEVELOPMENTS	501(c)(3)	Line 10	No

Related Partnerships and Joint Ventures

Organization	Location	Activity	Income	Assets	Ownership	Managing Partner
East Village Homes	New York, NY	Provide Affordable Rental Housing	-	-	-	No
Norfolk Apartments Ii Limited Partnership	New York, NY	Provide Affordable Rental Housing	-	-	-	No
Norfolk Apartments Limited Partnership	New York, NY	Provide Affordable Rental Housing	-	-	-	No

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
TENANTS' SECURITY DEPOSITS PAYABLE	$44,328
Due to Affiliates	$5,230

Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant: No
Annual disclosure for covered persons: Yes
Audit committee: Yes
Business relationship with 35% controlled entity: 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: Yes
Audited financial statements prepared: Yes
Key decisions subject to board approval: Yes
Management duties delegated: No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization has two members: asian americans for equality and community league of the heights.”

Form 990, Part VI, Section A, Line 7A

“Asian americans for equality, inc., as one of the members of the organization, has the right to appoing a majority of the organization's board of directors.”

Form 990, Part VI, Section A, Line 7B

“The following corporate actions may not be taken without the approval of the members: (1) any amendment of or change to the certificate of incorporation or (2) a petition for judicial dissolution; (3) disposing of all, or substantially all, of the assets of the corporation, (4) approval of a plan of merger, (5) authorization of a plan of non-judicial dissolution, or (6) revocation of a voluntary dissolution proceeding. (7) remove any director any time with or without cause by a vote.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is prepared by an independent accountant. At least 7 days prior to filing, the organization distributes a draft form 990 to the board for review. Five days are allowed for feedback, through the board treasurer, before form 990 is finalized and filed with the irs. A copy of the filed form 990 is provided to the board for their records.”

Form 990, Part VI, Section B, Line 12C

“Directors and officers are issued with a copy of the organization's current conflict of interest (coi) policy upon appointment, and annually thereafter. Directors and officers complete annual declarations to either confirm no conflicts, or identify possible and/or actual conflicts.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy and financial statements are available to the public by request to any board member or officer. These documents are maintained at the organization's registered office.”

Filing and Contact Details

Filer

Filer Name: Bremond King Davis
EIN: 47-3791580
Phone: 2129642288
Address: 2 ALLEN STREET 7TH FL, NEW YORK, NY 10002

Signing Officer

Name: Thomas Yu
Title: Executive Director
Phone: 2129642288
Signed: 2022-11-03
Discuss with paid preparer: Yes

Organization Details

Principal Officer: Thomas Yu
Formed: 2019
Legal Domicile: Ny
Voting Board Members: 6
Independent Board Members: 3
Employees: 0
Volunteers: 3

Preparer

Firm: Cbiz Marks Paneth LLC
Address: 685 THIRD AVENUE, NEW YORK, NY 10017
Preparer: Magdalena M Czerniawski
Phone: 2125038800

Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process of overseeing the audit and selection of independent accountant has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The corporation believes it had no uncertain tax positions as of december 31, 2021 and 2020 in accordance with accounting standards codification ("asc") topic 740, "income taxes", which provides standars for establishing and classifying any tax provisions for uncertain tax positions.”

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IRS990/NetAssetsOrFundBalancesBOYAmt	0	85744
IRS990/NetAssetsOrFundBalancesEOYAmt	0	-614665
IRS990/NetUnrelatedBusTxblIncmAmt	0	0
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt	0	51446
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt	0	-368799
IRS990/NondeductibleContributionsInd	0	0
IRS990/OccupancyGrp/ProgramServicesAmt	0	329502
IRS990/OccupancyGrp/TotalAmt	0	329502
IRS990/OfficeExpensesGrp/ProgramServicesAmt	0	2398
IRS990/OfficeExpensesGrp/TotalAmt	0	2398
IRS990/OfficerMailingAddressInd	0	0
IRS990/OperateHospitalInd	0	0
IRS990/Organization501c3Ind	0	X
IRS990/OrganizationFollowsFASB117Ind	0	X
IRS990/OtherAssetsTotalGrp/BOYAmt	0	1111566
IRS990/OtherAssetsTotalGrp/EOYAmt	0	1171842
IRS990/OtherChangesInNetAssetsAmt	0	0
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt	0	22602
IRS990/OtherEmployeeBenefitsGrp/TotalAmt	0	22602
IRS990/OtherExpensesGrp/Desc	0	BAD DEBTS
IRS990/OtherExpensesGrp/Desc	1	REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc	2	RESIDENT SERVICE FEES
IRS990/OtherExpensesGrp/Desc	3	OTHER EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt	0	110907
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt	1	16141
IRS990/OtherExpensesGrp/ProgramServicesAmt	0	78526
IRS990/OtherExpensesGrp/ProgramServicesAmt	1	32772
IRS990/OtherExpensesGrp/ProgramServicesAmt	2	10716
IRS990/OtherExpensesGrp/TotalAmt	0	110907
IRS990/OtherExpensesGrp/TotalAmt	1	78526
IRS990/OtherExpensesGrp/TotalAmt	2	48913
IRS990/OtherExpensesGrp/TotalAmt	3	10716
IRS990/OtherLiabilitiesGrp/BOYAmt	0	149384
IRS990/OtherLiabilitiesGrp/EOYAmt	0	49558
IRS990/OtherRevenueMiscGrp/BusinessCd	0	900099
IRS990/OtherRevenueMiscGrp/BusinessCd	1	900099
IRS990/OtherRevenueMiscGrp/Desc	0	BAD DEBT RECOVERY
IRS990/OtherRevenueMiscGrp/Desc	1	MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt	0	31470
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt	1	13239
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt	0	31470
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt	1	13239
IRS990/OtherRevenueTotalAmt	0	44709
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt	0	104076
IRS990/OtherSalariesAndWagesGrp/TotalAmt	0	104076
IRS990/PartialLiquidationInd	0	0
IRS990/PayPremiumsPrsnlBnftCntrctInd	0	0
IRS990/PayrollTaxesGrp/ProgramServicesAmt	0	14976
IRS990/PayrollTaxesGrp/TotalAmt	0	14976
IRS990/PoliticalCampaignActyInd	0	0
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt	0	39987
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt	0	40064
IRS990/PrincipalOfficerNm	0	THOMAS YU
IRS990/ProfessionalFundraisingInd	0	0
IRS990/ProgramServiceRevenueGrp/BusinessCd	0	531110
IRS990/ProgramServiceRevenueGrp/BusinessCd	1	532000
IRS990/ProgramServiceRevenueGrp/Desc	0	RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc	1	COMMERCIAL RENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	0	838807
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	1	13860
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	0	838807
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	1	13860
IRS990/ProhibitedTaxShelterTransInd	0	0
IRS990/PYBenefitsPaidToMembersAmt	0	0
IRS990/PYContributionsGrantsAmt	0	0
IRS990/PYExcessBenefitTransInd	0	0
IRS990/PYGrantsAndSimilarPaidAmt	0	0
IRS990/PYInvestmentIncomeAmt	0	11419
IRS990/PYOtherExpensesAmt	0	1399494
IRS990/PYOtherRevenueAmt	0	654657
IRS990/PYProgramServiceRevenueAmt	0	846243
IRS990/PYRevenuesLessExpensesAmt	0	-5188
IRS990/PYSalariesCompEmpBnftPaidAmt	0	118013
IRS990/PYTotalExpensesAmt	0	1517507
IRS990/PYTotalProfFndrsngExpnsAmt	0	0
IRS990/PYTotalRevenueAmt	0	1512319
IRS990/QuidProQuoContributionsInd	0	0
IRS990/RcvFndsToPayPrsnlBnftCntrctInd	0	0
IRS990/ReconcilationRevenueExpnssAmt	0	-700409
IRS990/RegularMonitoringEnfrcInd	0	1
IRS990/RelatedEntityInd	0	1
IRS990/RelatedOrganizationCtrlEntInd	0	0
IRS990/ReportInvestmentsOtherSecInd	0	0
IRS990/ReportLandBuildingEquipmentInd	0	1
IRS990/ReportOtherAssetsInd	0	1
IRS990/ReportOtherLiabilitiesInd	0	1
IRS990/ReportProgramRelatedInvstInd	0	0
IRS990/RevenueAmt	0	897376
IRS990/SavingsAndTempCashInvstGrp/BOYAmt	0	318462
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt	0	0
IRS990ScheduleA/First5Years509Ind	0	X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt	0	ADVANCE CASH PAYMENT - 2020 AMOUNT: $ 366,320. MORTGAGE - 2020 AMOUNT: $ 238,928. REAL ESTATE TAX OVERPAYMENT - 2020 AMOUNT: $ 48,432. UTILITY REIMBURSEMENT - 2020 AMOUNT: $ 900. MISCELLANEOUS INCOME - 2020 AMOUNT: $ 77. 2021 AMOUNT: $ 13,239. BAD DEBTS RECOVERY - 2021 AMOUNT: $ 31,470.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc	0	SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt	0	4450
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt	0	11419
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	15869
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	852667
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt	0	846243
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	1698910
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt	0	4450
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt	0	11419
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	15869
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt	0	44709
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt	0	654657
IRS990ScheduleA/OtherIncome509Grp/TotalAmt	0	699366
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportTotal509Amt	0	1698910
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt	0	0
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	852667
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	846243
IRS990ScheduleA/Total509Grp/TotalAmt	0	1698910
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	901826
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	1512319
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	2414145
IRS990/ScheduleBRequiredInd	0	0
IRS990ScheduleD/BuildingsGrp/BookValueAmt	0	3746852
IRS990ScheduleD/BuildingsGrp/DepreciationAmt	0	7704232
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt	0	11451084
IRS990ScheduleD/EquipmentGrp/BookValueAmt	0	38523
IRS990ScheduleD/EquipmentGrp/DepreciationAmt	0	2627
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt	0	41150
IRS990ScheduleD/ExpensesNotReportedAmt	0	0
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt	0	0
IRS990ScheduleD/ExpensesSubtotalAmt	0	1602235
IRS990ScheduleD/FootnoteTextInd	0	X
IRS990ScheduleD/LandGrp/BookValueAmt	0	10
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt	0	10
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	0	44328
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	1	1123179
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	2	4335
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	0	TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	1	RESTRICTED RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	2	UTILITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	0	44328
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	1	5230
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	0	TENANTS' SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	1	DUE TO AFFILIATES
IRS990ScheduleD/RevenueNotReportedAmt	0	0
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt	0	0
IRS990ScheduleD/RevenueSubtotalAmt	0	901826
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt	0	THE CORPORATION BELIEVES IT HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2021 AND 2020 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES", WHICH PROVIDES STANDARS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc	0	PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt	0	3785385
IRS990ScheduleD/TotalBookValueOtherAssetsAmt	0	1171842
IRS990ScheduleD/TotalExpensesPerForm990Amt	0	1602235
IRS990ScheduleD/TotalLiabilityAmt	0	49558
IRS990ScheduleD/TotalRevenuePerForm990Amt	0	901826
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt	0	901826
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt	0	1602235
IRS990ScheduleJ/AnyNonFixedPaymentsInd	0	0
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd	0	0
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd	0	0
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd	0	0
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd	0	0
IRS990ScheduleJ/EquityBasedCompArrngmInd	0	0
IRS990ScheduleJ/InitialContractExceptionInd	0	0
IRS990/ScheduleJRequiredInd	0	1
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt	0	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt	1	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt	2	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount	0	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount	1	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount	2	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt	0	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt	1	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt	2	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	0	237414
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	1	246595
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt	2	145801
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt	0	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt	1	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt	2	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt	0	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt	1	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt	2	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt	0	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt	1	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt	2	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt	0	7500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt	1	6555
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt	2	4736
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt	0	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt	1	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt	2	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt	0	34717
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt	1	18410
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt	2	25966
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt	0	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt	1	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt	2	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt	0	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt	1	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt	2	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm	0	JENNIFER SUN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm	1	THOMAS YU
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm	2	TIM JUNG
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt	0	CO-EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt	1	CO-EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt	2	CFO (OUTGOING)
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt	0	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt	1	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt	2	0
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	0	279631
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	1	271560
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt	2	176503
IRS990ScheduleJ/SeverancePaymentInd	0	0
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd	0	0
IRS990/ScheduleORequiredInd	0	1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	THE ORGANIZATION HAS TWO MEMBERS: ASIAN AMERICANS FOR EQUALITY AND COMMUNITY LEAGUE OF THE HEIGHTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	ASIAN AMERICANS FOR EQUALITY, INC., AS ONE OF THE MEMBERS OF THE ORGANIZATION, HAS THE RIGHT TO APPOING A MAJORITY OF THE ORGANIZATION'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	THE FOLLOWING CORPORATE ACTIONS MAY NOT BE TAKEN WITHOUT THE APPROVAL OF THE MEMBERS: (1) ANY AMENDMENT OF OR CHANGE TO THE CERTIFICATE OF INCORPORATION OR (2) A PETITION FOR JUDICIAL DISSOLUTION; (3) DISPOSING OF ALL, OR SUBSTANTIALLY ALL, OF THE ASSETS OF THE CORPORATION, (4) APPROVAL OF A PLAN OF MERGER, (5) AUTHORIZATION OF A PLAN OF NON-JUDICIAL DISSOLUTION, OR (6) REVOCATION OF A VOLUNTARY DISSOLUTION PROCEEDING. (7) REMOVE ANY DIRECTOR ANY TIME WITH OR WITHOUT CAUSE BY A VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT. AT LEAST 7 DAYS PRIOR TO FILING, THE ORGANIZATION DISTRIBUTES A DRAFT FORM 990 TO THE BOARD FOR REVIEW. FIVE DAYS ARE ALLOWED FOR FEEDBACK, THROUGH THE BOARD TREASURER, BEFORE FORM 990 IS FINALIZED AND FILED WITH THE IRS. A COPY OF THE FILED FORM 990 IS PROVIDED TO THE BOARD FOR THEIR RECORDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	DIRECTORS AND OFFICERS ARE ISSUED WITH A COPY OF THE ORGANIZATION'S CURRENT CONFLICT OF INTEREST (COI) POLICY UPON APPOINTMENT, AND ANNUALLY THEREAFTER. DIRECTORS AND OFFICERS COMPLETE ANNUAL DECLARATIONS TO EITHER CONFIRM NO CONFLICTS, OR IDENTIFY POSSIBLE AND/OR ACTUAL CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	5	GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST TO ANY BOARD MEMBER OR OFFICER. THESE DOCUMENTS ARE MAINTAINED AT THE ORGANIZATION'S REGISTERED OFFICE.

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Assets: $5,369,066
Liabilities: $5,983,731
Net assets: -$614,665
Revenue: $901,826
Expenses: $1,602,235
Net income: -$700,409

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2022Detailed filing. Detailed filing data is available for this year.	$4.63	$5.99	$1.36	$0.96	$1.70	$0.74
2021Detailed filing. Detailed filing data is available for this year.	$5.37	$5.98	$0.61	$0.90	$1.60	$0.70