Hong Lok: FY2022 Nonprofit Profile & Form 990 (EIN 32-0255598)

Revenue by fiscal year
FY2020	$334K
FY2021	$430K
FY2022	$292K
FY2023	$357K
FY2024	$400K

Expenses by fiscal year
FY2020	$407K
FY2021	$422K
FY2022	$512K
FY2023	$502K
FY2024	$496K

Net assets by fiscal year
FY2020	$4.0M
FY2021	$4.0M
FY2022	$3.8M
FY2023	$3.7M
FY2024	$3.6M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

87%

13%

Program services 87% · $443K Management & general 13% · $69K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to fix it

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation

Cheak Yee

Chair

$0Pt VII · Sec A

Teresa Yung

Vice Chair

$0Pt VII · Sec A

Rudy Yee

Treasurer

$0Pt VII · Sec A

Brenda Fung

Secretary

$0Pt VII · Sec A

Joe Yue

Auditor

$0Pt VII · Sec A

Margaret T Liu

Director

$0Pt VII · Sec A

Tony Tang

Director

$0Pt VII · Sec A

See Hong Lok executive salaries →

On this list? Claim this org

Something off? Claim to fix it

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers housing and support services to elderly and handicapped individuals.

Questions for Hong Lok

Tap to ask. Hong Lok sees how many people are interested.

Your first name shows with your question. Hong Lok answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $443K · in their own filed words · FY2022

01

This organization provided affordable housing to elderly persons through the operation of a 42-UNIT hud 202 prac multifamily housing community in phoenix, arizona. The organization provided decent, safe and sanitary housing to 72 residents: 1% under 62; 57% between the ages 62-81; 39% between the ages 82-93 and 3% age 94+.

$443Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$292K

Ln 12

Fees for servicesLn 2g$359K

Investment incomeLn 3$48

Money outPt IX

$512K

Ln 25

Programscol B$443K

Managementcol C$69K

Owns and owesPt X

$3.8M

net assets · Ln 32

Cash and savingsLn 1–2$62K

Total assetsLn 16$3.9M

LiabilitiesLn 26$74K

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$359K

Investment incomeLn 3$48

Gains on assetsLn 7−$67K

Total revenueLn 12$292K

Assets in detailPt X, end of year

CashLn 1$62K

Cash and savings togetherLn 1–2$62K

Land, buildings, equipmentLn 10c$3.5M

Other assetsLn 15$353K

Total assetsLn 16$3.9M

LiabilitiesLn 26$74K

Net assetsLn 32$3.8M

OperationsPt I, VI

EmployeesI 50

VolunteersI 67

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$130K	$62K
Land, buildings, equipmentLn 10c	$3.6M	$3.5M
Total assetsLn 16	$4.1M	$3.9M
LiabilitiesLn 26	$92K	$74K
Net assetsLn 32	$4.0M	$3.8M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$107K	$103K	$4K
Other employee benefitsLn 9	$28K	$27K	$998
Payroll taxesLn 10	$11K	$11K	$389
Management feesLn 11a	$22K		$22K
Legal feesLn 11b	$591		$591
Accounting feesLn 11c	$17K		$17K
Other fees for servicesLn 11g	$22K	$22K
Advertising and promotionLn 12	$540	$540
Office expensesLn 13	$23K		$23K
OccupancyLn 16	$57K	$57K
TravelLn 17	$271		$271
Conferences, conventions and meetingsLn 19	$250		$250
Depreciation, depletion and amortizationLn 22	$123K	$123K
InsuranceLn 23	$18K	$18K
Other expenses (24a–d)Ln 24	$81K	$80K	$405
Total functional expensesLn 25	$512K	$443K	$69K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$400K	$496K	−$96K	$3.6M	990 PDF
FY2023	$357K	$502K	−$145K	$3.7M	990 PDF
FY2022 Viewing	$292K	$512K	−$219K	$3.8M	990 PDF
FY2021	$430K	$422K	$8K	$4.0M	990 PDF
FY2020	$334K	$407K	−$73K	$4.0M	990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2022 990 (6 parts)

Part I · Summary $292,294 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $332,902$359,026

I-10 Investment incomePrior year −$1,459−$66,732

I-11 Other revenuePrior year $98,874$0

I-12 Total revenuePrior year $430,317$292,294

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $108,545$146,390

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $313,939$365,141

I-18 Total expensesPrior year $422,484$511,531

I-19 Revenue less expensesPrior year $7,833−$219,237

Part VI · Governance 7 of 7 board members independent, 1 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $292,294 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $359,026$359,026

VIII-3 Investment incomeExcluded from tax $48$48

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$66,780−$66,780

VIII-12 Total revenueRelated to mission $359,026 · Unrelated business $0 · Excluded from tax −$66,732$292,294

Part IX · Statement of functional expenses $511,531 across 15 lines filed

IX-7 Other salaries and wagesPrograms $103,370 · Management $3,787$107,157

IX-9 Other employee benefitsPrograms $27,238 · Management $998$28,236

IX-10 Payroll taxesPrograms $10,608 · Management $389$10,997

IX-11a Management feesManagement $22,176$22,176

IX-11b Legal feesManagement $591$591

IX-11c Accounting feesManagement $17,446$17,446

IX-11g Other fees for servicesPrograms $21,768$21,768

IX-12 Advertising and promotionPrograms $540$540

IX-13 Office expensesManagement $22,622$22,622

IX-16 OccupancyPrograms $57,345$57,345

IX-17 TravelManagement $271$271

IX-19 Conferences, conventions and meetingsManagement $250$250

IX-22 Depreciation, depletion and amortizationPrograms $123,353$123,353

IX-23 InsurancePrograms $18,017$18,017

IX-24 Other expenses (24a–d)Programs $80,357 · Management $405$80,762

IX-25 Total functional expensesPrograms $442,596 · Management $68,935 · Fundraising $0$511,531

Part X · Balance sheet $3,882,330 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $129,963$62,285

X-4 Accounts receivableStart of year $11,553$199

X-9 Prepaid expenses and deferred chargesStart of year $8,127$9,783

X-10c Land, buildings and equipment, netStart of year $3,641,305$3,457,087

X-15 Other assetsStart of year $328,964$352,976

X-16 Total assetsStart of year $4,119,912$3,882,330

X-17 Accounts payable and accrued expensesStart of year $57,904$25,456

X-19 Deferred revenueStart of year $110$121

X-25 Other liabilitiesStart of year $26,663$40,593

X-26 Total liabilitiesStart of year $92,468$74,123

X-27 Net assets without donor restrictionsStart of year $4,027,444$3,808,207

X-32 Total net assets or fund balancesStart of year $4,027,444$3,808,207

X-33 Total liabilities and net assetsStart of year $4,119,912$3,882,330

Part XI · Reconciliation of net assets $3,808,207 net assets at year end

XI-1 Total revenue$292,294

XI-2 Total expenses$511,531

XI-3 Revenue less expenses−$219,237

XI-4 Net assets at start of year$4,027,444

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$3,808,207

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

Hong Lok FY2022 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Hong Lok

By the numbers

Filing history

Schedules filed Part IV