Greater Boston Chinese Golden Age Center Inc
- Assets
- $13.9m
- Revenue
- $14.3m
- Investments
- $0.0
- Employees
- 197
- Location
- Boston, MA
- Founding
- 05/1972
- Data as of
- 06/2023
- EIN
- 23-7181452
Organization Overview
Greater Boston Chinese Golden Age Center Inc is located in Boston, MA. The organization was established in 1972. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 06/2023, Greater Boston Chinese Golden Age Center Inc employed 197 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Boston Chinese Golden Age Center 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 06/2023, Greater Boston Chinese Golden Age Center Inc generated $14.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $11.9m during the year ending 06/2023. While expenses have increased by 5.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE GENERAL WELFARE AND INDEPENDENCE OF ASIAN ELDERS VIA A NETWORK OF CULTURALLY SENSITIVE AND LINGUISTICALLY APPROPRIATE PROGRAMS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NUTRITION PROGRAM - PREPARES HOT CHINESE-STYLE MEALS FOR ELDERS IN THE GREATER BOSTON AREA SERVED IN A CONGREGATE MEAL SITE SETTING OR DELIVERED TO THE CLIENTS AT THEIR HOMES. ALL MEALS ARE NUTRITIONALLY BALANCED AND ARE PREPARED UNDER THE SUPERVISION OF A REGISTERED DIETICIAN. THE DIETICIAN ALSO PROVIDES NUTRITION EDUCATION TO PARTICIPATING CLIENTS AND AGENCY STAFF.
THE ORGANIZATION OFFERS 28 SOCIAL SERVICE AND OTHER PROGRAMS AIMED AT ENABLING ASIAN ELDERS TO LIVE HEALTHY INDEPENDENT LIVES. THESE SERVICES INCLUDE HEALTH TRAINING, COUNSELING, INTERPRETATION, HELP WITH PUBLIC ASSISTANCE APPLICATIONS AND OTHER ISSUES, ESL AND CITIZENSHIP CLASSES, INFORMATION AND REFERRAL SERVICES, COMMUNITY OUTREACH AND RECREATIONAL PROGRAMS.
ADULT DAY HEALTH (ADH) - PROVIDES COST-EFFECTIVE HEALTH CARE AND SUPPORT SERVICES TO FRAIL ELDERS AND DISABLED ADULTS IN GROUP SETTINGS SUPERVISED BY REGISTERED NURSES. THE ORGANIZATION OPERATES THREE ADH SITES IN THE GREATER BOSTON AREA.
SENIOR AID - TRAINING AND EMPLOYMENT PLACEMENT OPPORTUNITIES ARE PROVIDED TO SENIORS AGE 55 AND OLDER WHO ALSO MEET LOW-INCOME GUIDELINES. PARTICIPANTS ARE PAID MINIMUM WAGE DURING THE TRAINING PERIOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter K Chan President | OfficerTrustee | 1 | $0 |
Irene Ruan Treasurer | OfficerTrustee | 0.5 | $0 |
Daniel Y Szeto Clerk | OfficerTrustee | 0.5 | $0 |
Hung Goon Director | Trustee | 0.5 | $0 |
Eleanor Lee Director | Trustee | 0.5 | $0 |
David Tam Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $222,620 |
| Related organizations | $0 |
| Government grants | $11,745,126 |
| All other contributions, gifts, grants, and similar amounts not included above | $116,316 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,084,062 |
| Total Program Service Revenue | $2,006,844 |
| Investment income | $96,320 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $109,365 |
| Net Income from Fundraising Events | -$12,106 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,288,809 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $371,312 |
| Compensation of current officers, directors, key employees. | $358,261 |
| Compensation to disqualified persons | $174,075 |
| Other salaries and wages | $4,573,817 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $168,802 |
| Payroll taxes | $533,438 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,000 |
| Fees for services: Accounting | $27,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,338 |
| Advertising and promotion | $1,346 |
| Office expenses | $88,522 |
| Information technology | $5,471 |
| Royalties | $0 |
| Occupancy | $352,379 |
| Travel | $354,703 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,355 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,167 |
| Insurance | $326,774 |
| All other expenses | $761 |
| Total functional expenses | $11,865,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $590,592 |
| Savings and temporary cash investments | $4,102,655 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,683,183 |
| 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 | $136,809 |
| Net Land, buildings, and equipment | $81,029 |
| Investments—publicly traded securities | $4,957,663 |
| Investments—other securities | $0 |
| Investments—program-related | $463,875 |
| Intangible assets | $0 |
| Other assets | $847,832 |
| Total assets | $13,863,638 |
| Accounts payable and accrued expenses | $1,191,857 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $830,912 |
| Total liabilities | $2,022,769 |
| Net assets without donor restrictions | $11,840,869 |
| 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 | $13,863,638 |