Nonprofit · EIN 23-2303766
KOREAN COMMUNITY DEVELOPMENT SERVICES CENTER
Tax-exempt · PHILADELPHIA, PA 19120
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,835,463 | $1,584,531 | $250,932 | $5,517,247 | $128,418 | $5,388,829 |
| December 31, 2023 | 990 (amended) | $1,710,275 | $1,473,175 | $237,100 | $5,260,668 | $122,771 | $5,137,897 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $922
- Program service revenue
- $1,550,671
- Investment income
- $20,927
- Other revenue
- $262,943
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $604,259
- Salaries, compensation and benefits (total)
- $673,900
- Professional fundraising fees
- $0
- Depreciation
- $165,156
- Program services (functional)
- $1,499,834
- Management and general (functional)
- $84,697
Balance sheet and other
- Total assets, start of year
- $5,260,668
- Total assets, end of year
- $5,517,247
- Total liabilities, end of year
- $128,418
- Net assets, end of year
- $5,388,829
- Land, buildings and equipment
- $3,372,272
- Net assets without donor restrictions
- $5,388,829
- Gross receipts
- $1,835,463
- Employees
- 28
- Volunteers
- 2
- Year formed
- 1984
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DON YU | EXECUTIVE DIRECTOR Trustee or director | 40 | $35,385 |
| DR JIN H YU | CHAIR OF THE BOARD Trustee or director, Officer | 30 | $16,731 |
| JIM CHO | BOARD MEMBER Trustee or director | 1 | $0 |
| CHUNGWHA LEE | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES REED | BOARD MEMBER Trustee or director | 1 | $0 |
| TOM STAFFORD | BOARD MEMBER Trustee or director | 1 | $0 |
| DAE YOUN UM | BOARD MEMBER Trustee or director | 1 | $0 |
| MOO YOO | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR JIN H YU | PRESIDENT/EXECUTIVE DIRECTOR Trustee or director, Officer | 30 | $30,000 |
| DONALD STAFFORD | BOARD MEMBER Trustee or director | 1 | $0 |
| JIM REED | BOARD MEMBER Trustee or director | 1 | $0 |
| DR CHUNG WHA LEE IYENGAR | BOARD MEMBER Trustee or director | 1 | $0 |
| SHIRLEY GREGORY | BOARD MEMBER & AMP SECRETARY Trustee or director | 1 | $0 |
| JAY W KANG | SECRETARY AND TREASURER Trustee or director | 1 | $0 |
| DONALD YU | BOARD CHAIR Trustee or director | 1 | $0 |
| JIM CHO | BOARD CHAIR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 6055 N 5TH ST, PHILADELPHIA, PA 19120-1848
- Principal officer (990 for 2024)
- DON YU, 6053-55 NORTH 5TH STREET, PHILADELPHIA, PA 19120
- Signed the 990
- DON YU, EXECUTIVE DIRECTOR
- Phone
- (215) 267-8830
- Website
- WWW.KOREANCENTER.ORG
- Return prepared by
- JOHN E MCGOVERN & ASSOCIATES PC
Mission
KOREAN COMMUNITY DEVELOPMENT SERVICES CENTERS (KCDSC) MISSION IS TO PROVIDE THE MEMBERS OF OUR COMMUNITY WITH SUPPORT SERVICES THAT THEY NEED TO ACHIEVE PERSONAL GROWTH AND PURSUE COMMUNITY GROWTH. KCDSC ALSO PROVIDES SERVICES TO NEWLY-ARRIVED IMMIGRANTS AND REFUGEES AS WELL AS OTHER LOW INCOME AND/OR MINORITY GROUP.
Program accomplishments
- DAYCARE CENTER PROGRAM - KCDSC PROVIDES EXTENDED DAY CARE FOR CHILDREN OF IMMIGRANTS AS WELL AS OTHER LOW INCOME FAMILIES. THIS PROGRAM ALSO OFFERS A PRESCHOOL PROGRAM.Expenses $861,582 · revenue $990,480
- HOUSING DEVELOPMENT - KCDSC ACQUIRES RESIDENTIAL PROPERTIES AND RENTS THE PROPERTIES TO IMMIGRANTS AND OTHER LOW INCOME FAMILIES.Expenses $638,252 · revenue $560,191
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Check at the IRS |
| 2023 | June 30, 2024 | November 15, 2024 | Check at the IRS |
IRS record
- EIN
- 23-2303766
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1985
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,421,119
- Income (IRS master file)
- $693,343
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,835,463 | $1,584,531 | $5,517,247 | IRS |
| 990 | December 2023 | $1,710,275 | $1,473,175 | $5,260,668 | XML |
| 990 | December 2022 | $1,940,181 | $1,189,288 | $5,298,112 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-2303766).
Questions about KOREAN COMMUNITY DEVELOPMENT SERVICES CENTER
- What is the EIN of KOREAN COMMUNITY DEVELOPMENT SERVICES CENTER?
- The employer identification number (EIN) of KOREAN COMMUNITY DEVELOPMENT SERVICES CENTER is 23-2303766.
- Is KOREAN COMMUNITY DEVELOPMENT SERVICES CENTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to KOREAN COMMUNITY DEVELOPMENT SERVICES CENTER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOREAN COMMUNITY DEVELOPMENT SERVICES CENTER file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KOREAN COMMUNITY DEVELOPMENT SERVICES CENTER due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KOREAN COMMUNITY DEVELOPMENT SERVICES CENTER last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of KOREAN COMMUNITY DEVELOPMENT SERVICES CENTER?
- The 990 for the year ended December 31, 2024 names DON YU.
- Who are the officers and directors of KOREAN COMMUNITY DEVELOPMENT SERVICES CENTER?
- The 990 for the year ended December 31, 2024 lists 8 people; 2 received compensation from the organization, the highest $35,385 (DON YU, EXECUTIVE DIRECTOR).
- How much revenue does KOREAN COMMUNITY DEVELOPMENT SERVICES CENTER have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,835,463, expenses of $1,584,531 and total assets of $5,517,247 at year end.
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