2024-11-15T17:47:36-06:00 2023-12-31 873707167 CBIZ MARKS PANETH LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2023-01-01 133187792 ASIAN AMERICANS FOR EQUALITY INC ASIA 2129798381 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 THOMAS YU EXECUTIVE DIRECTOR 2129798381 2023-12-31 1 1 MAGDALENA CZERNIAWSKI P00535099 2125038800 2024-11-14 2023 2024-10-15 13:58:12Z THOMAS YU 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 10933585 0 X WWW.AAFE.ORG X 1974 NY ASIAN AMERICANS FOR EQUALITY, INC. (AAFE) ADVANCES THE RIGHTS OF ASIAN AMERICANS, AND THOSE IN NEED, THROUGH ADVOCACY FOR CIVIL RIGHTS, AFFORDABLE HOUSING, ECONOMIC DEVELOPMENT, AND IMMIGRANT SERVICES. 14 14 57 14 1277865 0 6192301 6804011 3638648 4053068 313 1288 1741127 36814 11572389 10895181 722402 768484 0 0 3892709 4832987 0 0 170600 4219500 4237280 8834611 9838751 2737778 1056430 31717627 27979358 21658808 19741338 10058819 8238020 X TO ADVANCE RACIAL, SOCIAL AND ECONOMIC JUSTICE FOR ASIAN AMERICANS AND OTHER SYSTEMATICALLY DISADVANTAGED COMMUNITIES BY CREATING AFFORDABLE HOUSING AND ECONOMIC OPPORTUNITY, PROVIDING AN ARRAY OF MULTILINGUAL COMMUNITY SERVICES AND FOSTERING GRASSROOTS LEADERSHIP AND CIVIC ENGAGEMENT. 0 0 2920355 693484 1691791 PLANNING AND DEVELOPMENT: IN THE PAST THREE DECADES, ASIAN AMERICANS FOR EQUALITY HAS DEVELOPED AND PRESERVED MORE THAN 1,200 AFFORDABLE APARTMENTS IN IMMIGRAT AND LOW-INCOME COMMUNITIES ACROSS NEW YORK CITY. THE GOAL OF OUR HOUSING DEVELOPMENT WORK IS TO CREATE SAFE AND HEALTHY HOMES FOR LOW- AND MIDDLE-INCOME INDIVIDUALS AND FAMILIES, PROVIIDNG THE HOUSING STABILITY THEY NEED TO THRIVE AND PRESERVING THE ESSENTIAL CHARACTER OF OUR DIVERSE NEIGHBORHOODS. AAFE'S PLANNING & DEVELOPMENT TEAM HAS A STRONG TRACK RECORD OF INNOVATION, PIONEERING VARIOUS PROGRAMS THAT HAVE BECOME CITYWIDE MODELS, INCLUDING THE USE OF LOW-INCOME TAX CREDITS TO BUILD AFFORDABLE HOUSING, THE CITY'S AFFORDABLE HOUSING COOPERATIVE PROGRAM AND THE POST 9/11 CHINATOWN/LOWER EAST SIDE PRESERVATION. 2177090 2000 1372639 COMMUNITY OUTREACH AND EDUCATION: AAFE'S OUTREACH AND EDUCATION PROGRAMS ARE DESIGNED TO EMPOWER COMMUNITY MEMBERS TO BECOME INFORMED AND ENGAGED MEMBERS IN THEIR BUILDINGS, NEIGHBORHOODS AND CIVIC ORGANIZATIONS. EACH YEAR, THOUSANDS OF INDIVIDUALS ATTEND OUR MULTILINGUAL EDUCATIONAL WORKSHOPS AND COMMUNITY EVENTS AND PARTICIPATE IN OUR ADVOCACY CAMPAIGNS. AAFE WORKS TO REGISTER VOTERS, ORGANIZE RENT STABILIZED TENANTS AND ENGAGE IMMIGRANT YOUTH AND LOW-INCOME SENIORS. MORE THAN 100 VOLUNTEERS HELP STAFF OUR FOOD PANTRIES, BACK TO SCHOOL GIVEAWAYS AND MULTICULTURAL HOLIDAY CELEBRATIONS. 2048152 73000 289560 HOUSING, IMMIGRATION AND SOCIAL SERVICES: THE FOUNDATION OF AAFE'S COMMUNITY SERVICES IS A STRONG BELIEF THAT EVERYONE SHOULD HAVE EQUITABLE ACCESS TO AFFORDABLE AND SAFE HOUSING, GOVERNMENT SAFETY NET PROGRAMS AND HEALTHCARE AND PATHWAYS TO U.S. CITIZENSHIP FOR THEMSELVES AND THEIR FAMILIES. WHILE MAINTAINING COMMUNITY CENTERS IN MANHATTAN 'S CHINATOWN AND THE LOWER EAST SIDE AND FLUSHING AND JACKSON HEIGHTS IN QUEENS, OUR INDIVIDUAL COUNSELING SERVICES ARE AVAILABLE CITYWIDE. AAFE PROVIDERS MULTILINGUAL ASSISTANCE IN ENGLISH, CHINESE, SPANISH, AND KOREAN TO HELP PREVENT HOUSING DISPLACEMENT, CONNECT LOW-INCOME COMMUITY MEMBERS WITH ESSENTIAL SOCIAL SERVICES AND IMMIGRATION ASSISTANCE. 7145597 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 65 0 1 57 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 NY MO X THOMAS YUEXECUTIVE DIRECTOR 2129642288 2 ALEEN STREET 7TH FLOOR NEW YORK NY 10002 CATHERINE KIM VICE CHAIR 3.00 X X 0 0 0 CONNIE LEE DIRECTOR 1.00 X 0 0 0 DONNA CHIU DIRECTOR 1.00 0.25 X 0 0 0 GRACE ALSTER DIRECTOR 1.00 X 0 0 0 HEIDIE JOO BURWELL SECRETARY 2.00 1.00 X X 0 0 0 JACQUELINE HUEY SECRETARY (OUTGOING) 0.20 X X 0 0 0 JENNIFER WU DIRECTOR 1.00 X 0 0 0 JIM BURKE DIRECTOR 1.00 0.25 X 0 0 0 JOHN LEO DIRECTOR 1.00 X 0 0 0 KAY WEBSTER DIRECTOR 1.00 X 0 0 0 KENNETH COHEN DIRECTOR 1.00 X 0 0 0 LYDIA TOM CHAIR 4.00 0.50 X X 0 0 0 PEGGY CHAN TREASURER 2.00 1.00 X X 0 0 0 PING DANG DIRECTOR (OUTGOING) 0.20 X 0 0 0 TIMOTHY WONG DIRECTOR (OUTGOING) 0.20 1.00 X 0 0 0 TOBY S BABA DIRECTOR 2.00 0.50 X 0 0 0 WENDY TAKAHISA DIRECTOR 2.00 X 0 0 0 JOY SUZANNE GRANADO CHIEF ACCOUNTING OFFICER 23.00 15.00 X 192545 0 28046 MY CHANG CHIEF OF STAFF 23.00 15.00 X 139860 0 8044 THOMAS YU CO-EXECUTIVE DIRECTOR 23.00 15.00 X 0 279045 66264 EDWARD LITVAK DIRECTOR OF MARKETING 35.00 X 155364 0 37598 EMILY RIOS DIRECTOR OF COMMUNITY SERV 35.00 X 165128 0 36486 ETHEL COFFINAS DIRECTOR OF HUMAN RESOURCE 35.00 X 164235 0 37379 HUI-YUAN NELSON CHAN MANAGING DIR OF COMMUNITY SVCS. 35.00 X 168900 0 48163 SHERRY CAPILI SENIOR PROJECT MANAGER 35.00 X 149255 0 26063 1135287 279045 288043 8 0 1 0 CONTANGO 5 WEST 37TH STREET NEW YORK NY 10018 IT SERVICES 243147 CBIZ MARKS PANETH 685 3RD AVENUE NEW YORK NY 10017 AUDIT AND TAX SERVICES 134721 KASIRER LLC 120 BROADWAY STE 1010 NEW YORK NY 10271 CONSULTING SERVICES 115500 3 216745 1458967 2357338 2770961 6804011 RENTAL REVENUE 900099 1723331 1246619 476712 PROGRAM SERVICE FEES 541610 1550847 1550847 DEVELOPER FEES 531390 370329 370329 OTHER PROGRAM REVENUE 900099 196338 196338 LOAN INTEREST 900099 101023 101023 111200 79954 31246 4053068 1288 1288 19719 216745 38404 -18685 -18685 MISCELLANEOUS 900099 55499 55499 55499 10895181 2353990 1277865 459315 768484 768484 368494 234534 133960 3582620 2706527 739192 136901 93523 58652 30937 3934 443526 281682 144738 17106 344824 217261 114904 12659 27334 27334 210945 210945 323930 76732 247198 30242 5968 24274 405368 319861 85507 116106 116106 977699 837423 140276 28366 23687 4679 41584 31875 9709 721885 353533 368352 444164 260226 183938 136895 102573 34322 PROGRAM EQUIPMENT 238223 238223 PUBLIC RELATIONS 157151 92666 64485 REPAIRS AND MAINTENANCE 154584 148925 5659 STIPENDS 84289 84289 138515 91531 46984 9838751 7145597 2522554 170600 1829479 1013214 423832 314819 1634178 1050684 119350 294678 128243 13266914 3355494 10412933 9911420 4662829 1001132 12340348 14559846 31717627 27979358 638277 495238 8332213 7524597 12688318 11721503 21658808 19741338 X 9019412 6985544 1039407 1252476 10058819 8238020 31717627 27979358 X 1056430 -265 -2876964 X X 0 1 X 1 1 1 X 3050280 2940172 4809894 6192301 5804011 22796658 3050280 2940172 4809894 6192301 5804011 22796658 804806 21991852 1399617 1728955 1471675 1288 4601535 105621 3279277 474133 269765 75218 4204014 31602207 12349011 0.69590 0.63060 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2019 AMOUNT: $ 73,921. 2020 AMOUNT: $ 123,233. 2021 AMOUNT: $ 474,133. 2022 AMOUNT: $ 269,765. 2023 AMOUNT: $ 55,499. FUNDRAISING INCOME - 2019 AMOUNT: $ 31,700. 2023 AMOUNT: $ 19,719. INTEREST ON PROGRAM INVESTMENT - 2020 AMOUNT: $ 3,156,044. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 210945 0 0 210945 0 PART II-B, LINE 1: THE LOBBYING EXPENSES ARE RELATED TO BUDGET MEETINGS WITH ELECTED OFFICIALS TO DISCUSS FUNDING FOR THE PROGRAMS AND SERVICES. 1390244 1390244 10446292 2324190 8122102 744595 542036 202559 618583 434268 184315 67200 55000 12200 9911420 DUE FROM 501(C)(3) AFFILIATES 10609726 RESTRICTED RESERVES 260524 TENANT SECURITY DEPOSIT 668 RIGHT-OF-USE ASSET- OPERATING 1601686 LEASES AND OTHER RECEIVABLES 1170231 OTHER ASSET 917011 14559846 REFUNDABLE ADVANCES 238070 DUE TO AFFILIATES 7179523 DEFERRED RENT OBLIGATION AND OTHER PAYABLES 2668345 LEASE LIABILITY-OPERATING 1635565 11721503 X 29760982 18827397 18827397 10933585 -38404 -38404 10895181 29952406 20113655 20113655 9838751 0 9838751 PART X, LINE 2: AAFE BELIEVES IT HAD NO UNCERTAIN INCOME TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740 (INCOME TAXES), WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITIES' REVENUE 29,448,765. CONSOLIDATING ELIMINATIONS -7,744,404. CHANGE IN VALUATION OF INVESTMENT IN AFFILIATE -2,876,964. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES -38,404. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITIES' EXPENSES 27,819,655. CONSOLIDATING ELIMINATIONS -7,744,404. DIRECT FUNDRAISING EXPENSES 38,404. STRIPES 236464 216745 19719 25222 3282 500 9400 236464 216745 19719 25222 3282 500 9400 38404 -18685 0 CREATE IN CHINATOWN INC DBA THINKCHINATOWN 25 HENRY STREET APT14 NEW YORK NY 10002 200434850 501(C)(3) 73000 0 PAYMENTS MADE TO LANDLORDS TO BRING UNITS INTO COMPLIANCE 4NYC HOUSING INC 141 NORFOLK STREET NEW YORK NY 10002 821711103 501(C)(3) 287232 0 PAYMENTS MADE TO LANDLORDS TO BRING UNITS INTO COMPLIANCE AAFE COMMUNITY DEVELOPMENT FUND INC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 134103352 501(C)(3) 206765 0 HUD PASS THROUGH TO AAFE CDF RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 133946529 501(C)(3) 135000 0 ASSISTANCE TO SMALL BUSINESS STANTON NORFOLK 141 NORFOLK STREET NEW YORK NY 10002 261880608 501(C)(3) 10000 0 REDESIGNED YOUTH LEARNING PROGRAM 5 X X 0 0 0 0 0 0 0 0 0 THOMAS YU CO-EXECUTIVE DIRECTOR 0 279045 0 0 0 0 0 9754 0 56510 0 345309 0 0 JOY SUZANNE GRANADO CHIEF ACCOUNTING OFFICER 192545 0 0 0 0 0 7617 0 20429 0 220591 0 0 0 HUI-YUAN NELSON CHAN MANAGING DIR OF COMMUNITY SVCS. 168900 0 0 0 0 0 6812 0 41351 0 217063 0 0 0 EMILY RIOS DIRECTOR OF COMMUNITY SERV 165128 0 0 0 0 0 6605 0 29881 0 201614 0 0 0 ETHEL COFFINAS DIRECTOR OF HUMAN RESOURCE 164235 0 0 0 0 0 6605 0 30774 0 201614 0 0 0 EDWARD LITVAK DIRECTOR OF MARKETING 155364 0 0 0 0 0 6425 0 31173 0 192962 0 0 0 SHERRY CAPILI SENIOR PROJECT MANAGER 149255 0 0 0 0 0 5972 0 20091 0 175318 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION PROVIDES A DRAFT FORM 990 TO THE BOARD FOR REVIEW. FIVE DAYS ARE ALLOWED FOR FEEDBACK, THROUGH THE BOARD TREASURER, BEFORE FORM 990 IS FINALIZED AND FILED. A COPY OF THE FILED FORM 990 IS PROVIDED TO THE BOARD FOR THEIR RECORDS. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND OFFICERS ARE PROVIDED WITH A COPY OF THE ORGANIZATION'S CURRENT CONFLICT OF INTEREST (COI) POLICY UPON APPOINTMENT, AND ANNUALLY THEREAFTER. DIRECTORS AND OFFICERS COMPLETE ANNUAL DECLARATIONS TO EITHER CONFIRM NO CONFLICTS, OR IDENTIFY POSSIBLE AND/OR ACTUAL CONFLICTS. NO CONFLICTS WERE REPORTED IN THIS ROUND OF CERTIFICATIONS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS REVIEWS THE EXECUTIVE DIRECTOR'S ("ED") SALARY ANNUALLY AND APPROVES ANY CHANGES. THE REVIEW TAKES INTO ACCOUNT THE ED'S PERFORMANCE, COMMUNITY CONDITIONS, COMPARISONS BETWEEN SIMILAR TYPES OF POSITIONS, NATIONAL TRENDS, AND AAFE'S FINANCIAL POSITION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST TO ANY BOARD MEMBER OR OFFICER. THESE DOCUMENTS ARE MAINTAINED AT THE ORGANIZATION'S REGISTERED OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN VALUATION OF INVESTMENT IN AFFILIATE -2,876,964. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. GOLDEN ALLEN LLC 2 ALLEN STREET NEW YORK NY 10002 814388287 PURCHASE AND OWN A CONDOMINIUM NY 250456 3671799 ASIAN AMERICANS FOR EQUALITY INC ONE HARDESTY LLC 5401 INDEPENDENCE AVE KANSAS CITY MO 64123 812624281 OPERATE A STORAGE FACILITY MO 1342301 5993747 ASIAN AMERICANS FOR EQUALITY INC LES 8TH STREET LLC 2 ALLEN STREET NEW YORK NY 10002 PROVIDE AFFORDABLE HOUSING NY 0 0 ASIAN AMERICANS FOR EQUALITY INC AAFE CARE SENIOR CENTER 2 ALLEN STREET NEW YORK NY 10002 PROVIDE AFFORDABLE HOUSING NY 0 0 ASIAN AMERICANS FOR EQUALITY INC 4 NYC HOUSING INC 141 NORFOLK STREET NEW YORK NY 10002 821711103 PROMOTE COMMON GOOD AND WELFARE AND ECONOMIC DEVELOPMENT IN NEW YORK NY 501(C)(3) LINE 10 ASIAN AMERICANS FOR EQUALITY INC 1 AAFE COMMUNITY DEVELOPMENT FUND INC 2 ALLEN STREET 7TH FLOOR NEW YORK NY 10002 134103352 PROVIDES TECHNICAL ASSISTANCE AND AFFORDABLE SECOND MORTAGEGE LOANS NY 501(C)(3) LINE 7 ASIAN AMERICANS FOR EQUALITY INC 1 AAFE FAIR HOUSING CENTER INC 2 ALLEN STREET 7TH FLOOR NEW YORK 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