Public Charity

CHINESE AMERICAN GOLDEN AGE ASSOCIATION

Based in MONTEREY PARK, CA, CHINESE AMERICAN GOLDEN AGE ASSOCIATION operates as a Public Charity. The organization reported $2.9M in revenue, $2.8M in expenses, $25.2M in total assets for fiscal year 2024.

EIN: 510189851 MONTEREY PARK, CA Housing Development, Construction & Management NTEE: L20 Latest filing: 2024

Total Revenue$2.9M

Total Expenses$2.8M

Total Assets$25.2M

Grant Records0

Filing Years2019–2024

Mission

CHINESE AMERICAN GOLDEN AGE ASSOCIATION (THE "CORPORATION") IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF CALIFORNIA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 120 UNIT PROPERTY KNOWN AS GOLDEN AGE VILLAGE (THE "PROPERTY") LOCATED IN MONTEREY PARK, CALIFORNIA, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY PERSONS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS ENTERED INTO AND IS GOVERNED BY A REGULATORY AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). THE PROJECT, THROUGH A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) WITH HUD, PROVIDES SUBSIDIES SAFE, ADEQUATE HOUSING FACILITY TO ELIGIBLE TENANTS.

Where $100 goes at Chinese American Golden Age Association

How Chinese American Golden Age Association divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$87 Programs the work itself

$13 Management running the organization

$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $87 for programs

$87

Chinese American Golden Age Association (the "corporation") is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of california

All program spending

Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Cecilia Wu Esq

DIRECTOR Dr Carrie Lew

PRESIDENT Dr Iris Chi

DIRECTOR George Lin

SECRETARY May Ma Ross

CFO Richard Han

Officer compensation and complete director data available with membership.

Financial Trends

Year	Revenue	Expenses	Assets
2024	$2.9M	$2.8M	$25.2M
2023	$2.8M	$2.1M	$25.3M
2022	$2.3M	$1.4M	$6.1M
2020	$2.5M	$1.1M	$4.1M
2019	$1.5M	$1.0M	$3.0M

Between 2019 and 2024, reported annual revenue grew from $1.5M to $2.9M (+97%), with total assets most recently reported at $25.2M.

Interactive year-over-year charts and full filing details available with membership.

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