Civic Intelligence

Madison Street Housing Development Fund Corporation

990 • Fiscal year 2018 • EIN 81-1725502

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 13, 2019

141 Norfolk St Ground FloorNew York, NY 10002

(212) 477-2265

Siviq Scores

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

Liabilities / Assets

73rd percentile

1.04x

Higher debt load relative to assets than 73% of similar nonprofits.

2018 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

86th percentile

19.27x

Higher debt load relative to revenue than 86% of similar nonprofits.

2018 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2018

Net Margin

51st percentile

-16%

Higher net margin than 51% of similar nonprofits.

2018 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

81st percentile

$261,039

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 118.2% of source-year revenue.

2018 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2018

Asset Growth

61st percentile

-1.3%

Faster asset growth than 61% of similar nonprofits.

2018 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

84th percentile

18%

Faster revenue growth than 84% of similar nonprofits.

2018 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$4,081,052

Down $52,375 (-1.3%) from 2017

Net Assets

Down

-$174,894

Down $35,313 (-25%) from 2017

Liabilities

Down

$4,255,946

Down $17,062 (-0.4%) from 2017

Revenue

Up

$220,876

Up $33,986 (+18%) from 2017

Expenses

Down

$256,189

Down $5,300 (-2.0%) from 2017

Net Income

Up

-$35,313

Up $39,286 (+53%) from 2017

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2016: $4,254,322Liabilities 2016: $4,319,304Net Assets 2016: -$64,9822016Assets 2017: $4,133,427Liabilities 2017: $4,273,008Net Assets 2017: -$139,5812017Assets 2018: $4,081,052Liabilities 2018: $4,255,946Net Assets 2018: -$174,8942018Assets 2019: $4,014,699Liabilities 2019: $4,232,125Net Assets 2019: -$217,4262019Assets 2020: $3,978,789Liabilities 2020: $4,205,047Net Assets 2020: -$226,2582020Assets 2021: $3,865,885Liabilities 2021: $4,185,106Net Assets 2021: -$319,2212021Assets 2022: $3,741,842Liabilities 2022: $4,179,548Net Assets 2022: -$437,7062022Assets 2023: $3,616,255Liabilities 2023: $4,165,191Net Assets 2023: -$548,9362023Assets 2024: $3,525,571Liabilities 2024: $4,191,813Net Assets 2024: -$666,2422024

Highlighted filing

2018

Assets$4,081,052
Liabilities$4,255,946
Net Assets-$174,894

Operations Trend

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

$400K$200K$0-$200KRevenue 2016: $228,064Expenses 2016: $92,797Net Income 2016: $135,2672016Revenue 2017: $186,890Expenses 2017: $261,489Net Income 2017: -$74,5992017Revenue 2018: $220,876Expenses 2018: $256,189Net Income 2018: -$35,3132018Revenue 2019: $213,184Expenses 2019: $255,716Net Income 2019: -$42,5322019Revenue 2020: $253,859Expenses 2020: $262,691Net Income 2020: -$8,8322020Revenue 2021: $243,115Expenses 2021: $336,078Net Income 2021: -$92,9632021Revenue 2022: $234,977Expenses 2022: $353,462Net Income 2022: -$118,4852022Revenue 2023: $242,384Expenses 2023: $353,614Net Income 2023: -$111,2302023Revenue 2024: $264,150Expenses 2024: $381,456Net Income 2024: -$117,3062024

Highlighted filing

2018

Revenue$220,876
Expenses$256,189
Net Income-$35,313
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 13, 2019
Return Version
2018v3.1
Gross Receipts
$220,876
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
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,885,757$3,814,753▼ $71,004
Cash and Non-Interest-Bearing Accounts$20,420$51,857▲ $31,437
Savings and Temporary Cash Investments$16,244--
Accounts Receivable$7,186$3,931▼ $3,255
Prepaid Expenses and Deferred Charges$3,861$3,831▼ $30
Total Assets$4,133,427$4,081,052▼ $52,375
Other Assets Total$199,959$206,680▲ $6,721
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,150,177$4,133,634▼ $16,543
Other Liabilities$109,358$109,034▼ $324
Accounts Payable and Accrued Expenses$13,473$13,278▼ $195
Total Liabilities$4,273,008$4,255,946▼ $17,062
Net Assets / Fund Balance
Unrestricted Net Assets$-139,581$-174,894▼ $35,313
Total Net Assets Fund Balance$-139,581$-174,894▼ $35,313
Total Liabilities and Net Assets / Fund Balance$4,133,427$4,081,052▼ $52,375

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,386,709$160,679$3,547,388
Land$420,000-$420,000
Equipment$8,044$4,025$12,069
Other Assets Org$6,000--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Chris MalliosDirector of Finance and Administration$155,662$155,662
Hsueh Lam YanAssistant Secretary$124,775$124,775
Jennifer SunDirector$108,567$108,567

Board Members and Trustees

NameTitle
Thomas YuPresident
Chistopher KuiPresident (outgoing)
Chris MalliosDirector of Finance and Administrati
Jaqueline HueySecretary
PO YuenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$215,202
Investment Income
$0
Other Revenue
$5,674
Change in Net Assets
$-35,313

Audited Revenue Reconciliation

Revenue per Audited Statements
$220,876
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$220,876
Total Revenue per Form 990
$220,876
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$256,189
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$74,970--$74,970
Depreciation Depletion$71,004--$71,004
Fees for Services Management$31,406$9,031-$40,437
Occupancy$26,641--$26,641
Insurance$12,919--$12,919
Fees for Services Other-$11,500-$11,500
Fees for Services Legal$3,605--$3,605
Other Expenses$2,520$392-$2,912
Advertising$1,136$176-$1,312
Office Expenses$473$40-$513
Total Functional Expenses$235,050$21,139$0$256,189

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$256,189
Total Expenses per Audited Statements$256,189
Total Expenses per Form 990$256,189
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 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
Due to Affiliates$90,464
TENANT'S SECURITY DEPOSITS PAYABLE$18,570
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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

Asian americans for equality, inc. ("aafe") is the sole member of the organization.

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

Asian americans for equality, inc., as the sole member 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 member: (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. 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
Madison Street Housing Development
EIN
81-1725502
Phone
2124772265
Address
141 NORFOLK ST GROUND FLOOR, NEW YORK, NY 10002

Signing Officer

Name
Thomas Yu
Title
Co-executive Director
Phone
2124772265
Signed
2019-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Yu
Formed
2016
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Marks Paneth Llp
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, 2018 and 2017 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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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2016 AMOUNT: $ 1,235. 2017 AMOUNT: $ 1,276. 2018 AMOUNT: $ 5,674.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0165100
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0165100
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0215202
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0185614
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt061729
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0462545
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt05674
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01276
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01235
IRS990ScheduleA/OtherIncome509Grp/TotalAmt08185
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0627645
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0215202
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0185614
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0226829
IRS990ScheduleA/Total509Grp/TotalAmt0627645
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0220876
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0186890
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0228064
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0635830
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03386709
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0160679
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03547388
IRS990ScheduleD/EquipmentGrp/BookValueAmt08044
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04025
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012069
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0256189
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0420000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0420000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0178815
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13295
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt218570
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt36000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT'S SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESTRICTED RESERVES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018570
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt190464
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT'S SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0220876
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION BELIEVES IT HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2018 AND 2017 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/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03814753
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0206680
IRS990ScheduleD/TotalExpensesPerForm990Amt0256189
IRS990ScheduleD/TotalLiabilityAmt0109034
IRS990ScheduleD/TotalRevenuePerForm990Amt0220876
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0220876
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0256189
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0257579
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1178924
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2144569
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt13657
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt23400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt03460
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt13903
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt27693
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CHISTOPHER KUI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1THOMAS YU
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2CHRIS MALLIOS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT (OUTGOING)
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2DIRECTOR OF FINANCE AND ADMINISTRATI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0261039
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1186484
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2155662
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ASIAN AMERICANS FOR EQUALITY, INC. ("AAFE") IS THE SOLE MEMBER OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ASIAN AMERICANS FOR EQUALITY, INC., AS THE SOLE MEMBER OF THE ORGANIZATION, HAS THE RIGHT TO APPOING A MAJORITY OF THE ORGANIZATION'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOLLOWING CORPORATE ACTIONS MAY NOT BE TAKEN WITHOUT THE APPROVAL OF THE MEMBER: (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/ExplanationTxt3THE 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. A COPY OF THE FILED FORM 990 IS PROVIDED TO THE BOARD FOR THEIR RECORDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DIRECTORS 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/ExplanationTxt5GOVERNING 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0474677213
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1474487628

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