Thai Community Development Center
- Assets
- $680.2k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 15
- Location
- Los Angeles, CA
- Founding
- 11/1995
- Data as of
- 06/2022
- EIN
- 95-4531770
Organization Overview
Thai Community Development Center is located in Los Angeles, CA. The organization was established in 1995. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Thai Community Development Center employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thai Community Development 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 06/2022, Thai Community Development Center generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 20.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE SOCIAL AND ECONOMIC WELL-BEING OF LOW AND MODERATE INCOME THAIS AND OTHER ETHNIC COMMUNITIES IN THE GREATER LOS ANGELES AREA THROUGH A COMPREHENSIVE COMMUNITY DEVELOPMENT STRATEGY INCLUDING HUMAN RIGHTS ADVOCACY, AFFORDABLE HOUSING, ACCESS TO HEALTHCARE, PROMOTION OF SMALL BUSINESSES, NEIGHBORHOOD EMPOWERMENT AND SOCIAL ENTERPRISES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY ASSET BUILDING: AFFORDABLE HOUSING, COMMUNITY ECONOMIC DEVELOPMENT AND SOCIAL ENTERPRISES - THAI CDC CONTINUES TO OPERATE A 60 UNIT AFFORDABLE SENIOR HOUSING COMPLEX AND A 46 UNIT AFFORDABLE MULTI-FAMILY HOUSING COMPLEX; OFFER SMALL BUSINESS DEVELOPMENT ASSISTANCE; ANDHELD THE EAST HOLLYWOOD CERTIFIED FARMERS' MARKET TO BRING AFFORDABLE FRESH PRODUCE TO LOW-INCOME RESIDENTS.
OTHER PROGRAM SERVICES
HEALTHY COMMUNITIES AND COMMUNITY EMPOWERMENT: THAI CDC CONTINUES TO ENGAGE IN NEIGHBORHOOD DEVELOPMENT, CIVIC ENGAGEMENT AND IMMIGRANT INTEGRATION ACTIVITIES THROUGH OUR NEIGHBORHOOD CHANGE INITIATIVES.
SOCIAL AND HUMAN SERVICES: THAI CDC PROVIDED CASE MANAGEMENT SERVICES IN THE AREAS OF PUBLIC BENEFITS, LABOR, TRAFFICKING, AND IMMIGRATION AND FAMILY LAW. THAI CDC ALSO IMPLEMENTED THAI CDC COVID AID, RAPID RESPONSE, RELIEF AND EMERGENCY SERVICES (THAI CDC CARES) AT THE OUTSET OF COVID-19 ON MARCH 13, 2020 TO PROVIDE CASH AND FOOD AID, COVID-19 TESTING AND VACCINATIONS, AND HEALTH EDUCATION AND OUTREACH IN AN EFFORT TO MITIGATE THE ADVERSE IMPACT OF THE PANDEMIC ON VULNERABLE MEMBERS OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Trin Rymparsurat Secretary/di | OfficerTrustee | $0 | |
Frank Mendez Director | Trustee | $0 | |
Brian Chow Director | Trustee | $0 | |
Stacey Lee Director | Trustee | $0 | |
Skyla Barnes Director | Trustee | $0 | |
James Chong Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,892 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,417,619 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,437,511 |
| Total Program Service Revenue | $8,592 |
| 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 | $1,446,103 |
| 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. | $68,200 |
| Compensation of current officers, directors, key employees. | $3,153 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $453,235 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $77,053 |
| Payroll taxes | $38,880 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,236 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $765,769 |
| Advertising and promotion | $0 |
| Office expenses | $21,120 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $139,226 |
| Travel | $6,849 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $59,080 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $30,095 |
| All other expenses | $212,304 |
| Total functional expenses | $1,882,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $596,345 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,334 |
| 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 | $51,500 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $680,179 |
| Accounts payable and accrued expenses | $0 |
| 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 | $628,930 |
| Other liabilities | $63,294 |
| Total liabilities | $692,224 |
| Net assets without donor restrictions | -$12,045 |
| 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 | $680,179 |