Asian Community Resources Center Inc
- Assets
- $14.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Miami Garden, FL
- Founding
- 10/2015
- Data as of
- 12/2022
- EIN
- 47-4396567
Organization Overview
Asian Community Resources Center Inc is located in Miami Garden, FL. The organization was established in 2015. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asian Community Resources 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 12/2022, Asian Community Resources Center Inc generated $56.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $69.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ACRC CENTER THAT IS WORKING FOR PROVIDING SERVICES FOR OUR COMMUNITY'S SENIORS. WE FEEL THAT THE SENIORS IN SOUTH FLORIDA SHOULD BE SUPPORTED BY A SAFE, SANCTIONED PLACE FOR A COMPREHENSIVE NETWORK OF CULTURALLY SENSITIVE AND LINGUISTICALLY APPROPRIATE PROGRAMS AND SERVICES, ASSIST THEM TO ACCESS MAINSTREAM ELDER SERVICES AND MAINTAIN THEIR INDEPENDENCE. OUR ORGANIZATION IS DEDICATED TO THE PROCESS OF MAKING THAT HAPPEN BUT WE NEED YOUR HELP. WITH THE JOINT EFFORT OF THE COMMUNITY, THE ASIAN COMMUNITY RESOURCES CENTER IS GOING TO PROVIDE MULTIPLE SERVICES TO THE ASIANS LIVING IN SOUTH FLORIDA. THIS IS THE FIRST OF ITS KIND IN SOUTH FLORIDA PROMOTES BETTER QUALITY OF LIFE FOR SENIORS, IMMIGRANTS AND OTHER COMMUNITIES. MANY BUSINESS AND COMMUNITY LEADERS ARE ON THE ADVISORY BOARD AS WELL AS INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johnson Ng President | 0 | $0 | |
Chor Yim Yu Director | 0 | $0 | |
Yung Nien Liu Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,340 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $300 |
| Total Revenue | $56,640 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $64,738 |
| Printing, publications, postage, and shipping | $1,307 |
| Other expenses | $3,143 |
| Total expenses | $69,188 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,748 |
| Other assets | $0 |
| Total assets | $14,351 |
| Total liabilities | $262,505 |
| Net assets or fund balances | -$248,154 |
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