Kwang He Won Health Center
- Assets
- $162.4k
- Revenue
- $783.6k
- Investments
- $0.0
- Employees
- 10
- Location
- Los Angeles, CA
- Founding
- 08/2018
- Data as of
- 12/2023
- EIN
- 82-4806703
Organization Overview
Kwang He Won Health Center is located in Los Angeles, CA. The organization was established in 2018. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2023, Kwang He Won Health Center employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kwang He Won Health Center 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 12/2023, Kwang He Won Health Center generated $783.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 62.4% each year . All expenses for the organization totaled $915.1k during the year ending 12/2023. 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
PROVIDE HEALTH CARE SERVICES TO MEDICALLY UNDERSERVED POPULATION IN LOS ANGELES, CALIFORNIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A NON-PROFIT CORPORATION ESTABLISHED DURING 2018 UNDER THE LAWS OF THE STATE OF CALIFORNIA. THE ORGANIZATION PROVIDES HEALTH CARE SERVICES TO MEDICALLY UNDERSERVED POPULATIONS IN LOS ANGELES, CALIFORNIA. ORGANIZATION PROVIDES HIGH QUALITY, COMPREHENSIVE, PRIMARY AND PREVENTATIVE MEDICAL HEALTH CARE SERVICES AND EDUCATION IN AN ENVIRONMENT OF CARING, RESPECT, AND DIGNITY. THEIR GOAL IS TO BE RESPONSIVE TO THE NEEDS OF THE COMMUNITIES THAT THEY SERVE BUT WITH CONTINUED EMPHASIS ON THE UNDERSERVED AND THOSE WITHOUT ACCESS TO CARE REGARDLESS OF RACE, ECONOMIC STATUS, SEX, SEXUAL ORIENTATION, OR DISABILITY. IN NOVEMBER 2022, THE ORGANIZATION RECEIVED APPROVAL FROM THE UNITED STATES HEALTH RESOURCE SERVICES ADMINISTRATION ("HRSA") TO BECOME A FEDERALLY QUALIFIED HEALTH CENTER LOOK-ALIKE. THIS DESIGNATION ALLOWED THE ORGANIZATION TO BEGIN BILLING AT AN UPDATED PROSPECTIVE PAYMENT SYSTEM ("PPS") RATE OF $198 PER PATIENT VISIT. THE ORGANIZATION HAS ENTERED INTO ITS THIRD YEAR OF OPERATIONS IN 2023 AND HAS ALSO SEEN ITS AVERAGE MONTHLY PATIENT VOLUME SIGNIFICANTLY INCREASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yeong Cha Chair | OfficerTrustee | 2 | $0 |
Kevin Lee Vice Chair | OfficerTrustee | 2 | $0 |
Sviatlana Spiasiutsava Treasurer | OfficerTrustee | 2 | $0 |
Teresa Perez Secretary | OfficerTrustee | 2 | $0 |
Micah Moch Member | Trustee | 1 | $0 |
Young Kim Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,000 |
| Total Program Service Revenue | $739,606 |
| Investment income | $0 |
| 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 | $783,606 |
| 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. | $22,500 |
| Compensation of current officers, directors, key employees. | $4,050 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $447,248 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $39,856 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $71,113 |
| Office expenses | $23,739 |
| Information technology | $6,741 |
| Royalties | $0 |
| Occupancy | $128,474 |
| Travel | $394 |
| 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 | $0 |
| Insurance | $21,622 |
| All other expenses | $9,973 |
| Total functional expenses | $915,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,626 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,274 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $98,474 |
| Total assets | $162,374 |
| Accounts payable and accrued expenses | $24,792 |
| 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 | $980,816 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $83,150 |
| Total liabilities | $1,088,758 |
| Net assets without donor restrictions | -$926,384 |
| 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 | $162,374 |