Ccba Tai Tung Management Inc
- Assets
- $40.0m
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/1996
- Data as of
- 12/2021
- EIN
- 04-3243383
Organization Overview
Ccba Tai Tung Management Inc is located in Boston, MA. The organization was established in 1996. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ccba Tai Tung Management Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Ccba Tai Tung Management Inc generated $8.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $4.2m during the year ending 12/2021. While expenses have increased by 4.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF CCBA TAI TUNG MANAGEMENT, INC. IS TO PROVIDE AFFORDABLE HOUSING IN THE ASIAN COMMUNITY OF BOSTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PRIMARY PURPOSE IS TO ENSURE LONG-TERM AFFORDABLE HOUSING IN BOSTON'S CHINATOWN COMMUNITY. THE ORGANIZATION OWNS AND OPERATES A 214 UNIT HOUSING COMPLEX FOR LOW AND MODERATE INCOME INDIVIDUALS REGULATED BY HUD WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Cheng President | OfficerTrustee | 1 | $0 |
Hung Goon Enlgish Secretary | OfficerTrustee | 1 | $0 |
Paula Chan Treasurer | OfficerTrustee | 1 | $0 |
Vincent Feng Chinese Secretary | OfficerTrustee | 1 | $0 |
Susan Chu Executive Director | OfficerTrustee | 1 | $0 |
Megan Cheung Board Auditor | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Winn Residential Management Service | 12/30/21 | $279,805 |
Building Restoration Services General Contracting | 12/30/21 | $371,785 |
Complete Restoration & Waterproofing In General Contracting | 12/30/21 | $124,282 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $8,531,136 |
| Investment income | $48,972 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,662,376 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $482,720 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $879,843 |
| Fees for services: Legal | $7,940 |
| Fees for services: Accounting | $23,678 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,163 |
| Office expenses | $29,450 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $672,999 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $952,533 |
| Insurance | $146,522 |
| All other expenses | $38,672 |
| Total functional expenses | $4,220,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,079,695 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $706,185 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $113,240 |
| Net Land, buildings, and equipment | $14,930,152 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,157,702 |
| Total assets | $39,986,974 |
| Accounts payable and accrued expenses | $143,433 |
| Grants payable | $0 |
| Deferred revenue | $58,639 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $181,671 |
| Total liabilities | $383,743 |
| Net assets without donor restrictions | $39,603,231 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $39,986,974 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Womens Housing And Economic Development Corporation Bronx, NY | $29,527,353 | $27,859,543 |
Joint Ownership Entity New York City Corp New York, NY | $155,995,039 | $17,434,025 |
Breaking Ground Housing Development Fund Corporation New York, NY | $193,138,085 | $25,961,669 |
Highland Park Community Development Corporation Brooklyn, NY | $3,265,910 | $15,414,103 |
Centerboard Inc Lynn, MA | $21,186,335 | $15,673,773 |
Interstate I Affordable Housing Inc New York, NY | $783,725 | $8,991,908 |
Ascendant Neighborhood Development Corporation New York, NY | $39,528,943 | $4,446,577 |
Housing Works Services Inc Brooklyn, NY | $2,273,707 | $4,786,590 |
Willow Gardens Inc New Rochelle, NY | $20,661,774 | $5,354,577 |
United Residents In Academy Homes Ii Inc Roxbury, MA | $30,056,643 | $8,930,600 |
Pratt Area Community Council Inc Broooklyn, NY | $10,567,531 | $5,512,215 |
Homeowners Rehab Inc Cambridge, MA | $114,049,178 | $6,783,220 |