2025-11-14T15:54:43-08:00 2024-12-31 811005081 CHEK TAN AND COMPANY LLP 309 4TH AVE STE 300 SAN FRANCISCO CA 94118 990 2024-01-01 941753170 ASIAN INC ASIA 4159285910 1167 MISSION ST 4TH Floor SAN FRANCISCO CA 94103 Lamar Heystek President 2025-11-14 true true YUNYU HUANG P02098957 4156738573 X 2024 2025-03-06 01:10:19Z Lamar Heystek 5723244 false X WWW.ASIANINC.ORG X 1971 CA The core mission of ASIAN, Inc. is the empowerment of the Asian American Community to achieve social equality by reducing dependency to create and expand access to opportunities in the areas of business development, housing and education. The most significant activities include technical assistance and research for strengthening the infrastructures of Asian American Communities in Northern California and to assist in their physical, economic, and social development. 10 10 46 2 0 477972 673168 3137309 3518843 71225 126950 601140 1242676 4287646 5561637 0 0 2966675 2874966 0 47339 1042987 1506567 4009662 4381533 277984 1180104 13830227 14814259 7483361 7260354 6346866 7553905 The core mission of ASIAN, Inc. is the empowerment of the Asian American Community to achieve social equality by reducing dependency to create and expand access to opportunities in the areas of business development, housing and education. The most significant activities include technical assistance and research for strengthening the infrastructures of Asian American Communities in Northern California and to assist in their physical, economic, and social development. false false 1895970 2004711 ECONOMIC DEVELOPMENT PROVIDES MANAGEMENT AND TECHNICAL ASSISTANCE PRIMARILY TO A VARIETY OF SMALL AND LARGER ASIAN AMERICAN AND OTHER MINORITY BUSINESSES AND IS FUNDED BY FEDERAL MBDA, DEPARTMENT OF COMMERCE. 1494407 1732068 HOUSING DEVELOPMENT PROGRAM DEVELOPS HOUSING PROJECTS FOR LOW-TO-MODERATE INCOME HOUSEHOLDS IN SAN FRANCISCO AND SAN JOSE. 3390377 true true false false false false false false true false true false false true true true false true false false false false false false true false false false false true false false false false false false false false false false false false false true false true false true 27 0 true 46 true false false false false false false false 0 false false false false false false false X 10 10 false false false false false false false true true false true true true true true true false false true true false CA X X ASIAN INC 4159285910 1167 MISSION ST 4TH Floor SAN FRANCISCO CA 94118 LAMAR HEYSTEK President 40.00 0.00 X 169400 0 29700 DAVID MENDOZA PROJET DIRECTOR 40.00 0.00 139654 0 16780 TONY TANG BIZ PROGR DIRECTOR 40.00 0.00 126388 0 15206 NOBBY CHENG HOUSING DIRECTOR 40.00 0.00 110308 0 25273 ARMAND PANTALEON DIRECTOR OF RE MGM 40.00 0.00 116923 0 14061 DRO ABRAHAMIAN COO 40.00 0.00 39021 0 7183 FRANK FUNG Chairman 2.00 0.00 X X 0 0 0 ROBERT LO VICE-CHAIR 2.00 0.00 X X 0 0 0 SONYA TRAC BOARD MEMBER 2.00 0.00 X 0 0 0 BETTY LEM Treasurer 2.00 0.00 X X 0 0 0 AUBRI BRYAN BOARD MEMBER 2.00 0.00 X 0 0 0 CHRISTINA CIU Secretary 2.00 0.00 X X 0 0 0 ANDREW CHAU BOARD MEMBER 2.00 0.00 X 0 0 0 JONATHAN LEONG BOARD MEMBER 2.00 0.00 X 0 0 0 ROGER ROYSE BOARD MEMBER 2.00 0.00 X 0 0 0 ELJAY FEUERMAN BOARD MEMBER 2.00 0.00 X 0 0 0 701694 108203 5 true true false Fennemore Wendel LLP 1111 Broadway 24th Floor Oakland CA 94607 LEGAL SERVICE 134581 1 673168 673168 ASSET MANAGEMENT FEES 900099 100520 100520 CONTRACT INCOME 900099 2898109 2898109 PROGRAM INCOME 531310 520214 520214 3518843 126950 126950 0 0 252669 252669 252669 252669 0 168327 161607 6720 0 0 MISCELLANEOUS INCOME 900099 983287 983287 983287 5561637 252669 4629080 X 0 0 0 0 208421 180327 28094 0 2104092 1820471 283621 0 346892 274393 70977 1522 215561 171596 43965 0 169317 155907 13410 54100 26300 27800 0 0 0 576228 452930 88835 34463 0 31012 19915 10878 219 0 0 418316 137394 280922 25980 19375 6441 164 0 0 39054 5966 33088 0 884 884 46538 36480 10058 UTILITIES 40836 28227 12609 BAD DEBT EXPENSES 37786 26052 1084 10650 CONTRIBUTION 28375 15025 13350 MISC. EXPENSE 17874 4568 13062 244 20267 15451 4739 77 4381533 3390377 943817 47339 5355460 5761714 0 0 2854582 3231575 0 0 972671 939235 0 0 4368461 848486 3530091 3519975 0 0 0 0 1117423 1361760 13830227 14814259 717451 695195 352472 1070 1075 6065010 5648785 699830 562827 7483361 7260354 X 6068882 7275921 277984 277984 6346866 7553905 13830227 14814259 1180104 26935 X false true X true true true X 438509 424157 296843 477972 673168 2310649 3487942 4102390 3787380 3137309 3518843 18033864 0 0 0 3926451 4526547 4084223 3615281 4192011 20344513 0 676394 676394 676394 676394 19668119 430818 429891 434670 71225 126950 1493554 0 430818 429891 434670 71225 126950 1493554 0 159967 17931 2137 737680 1242676 2160391 4517236 4974369 4521030 4424186 5561637 23998458 0.81960 0.80940 0.06220 0.08250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 983492 983492 3258042 723105 2534937 20074 20074 94636 93090 1546 12217 12217 3519975 ACCRUED REVENUE 255252 INVESTMENTS 676773 PREPAID EXPENSES 351698 ROU ASSETS 78036 Rounding 1 1361760 DUE TO RELATED PARTIES 481269 LEASE LIABILITIES 81558 562827 X Part IV, Line 2b: Explanation of escrow account liability ASIAN, Inc. holds certain accounts in trust for others in the course of its affordable housing program operations. The balances consist of tenant deposits and operating accounts for affiliates for which ASIAN, Inc. serves as property manager. Part X : FIN48 Footnote ASIAN, Inc. and its nonprofit Affiliates NHRC II, NHRC III, NHCR IV, Minna Inc., Van Ness Inc., Natoma Inc., and O'Farrell Inc. are exempt from taxation under Internal Revenue Code Section 501(c)(3) and California Revenue and Taxation Code Section 23701d. The limited partnerships: Natoma LP, Van Ness LP, Minna LP, Turk LP, Lassen LP, and Post LP, are pass-through entities not subject to income taxation except for the annual California limited partnership fee of $800. All taxable income,deductions, and tax credits are passed to, and are reportable by the partners individually. In 2022, the partnerships paid $4,800 in California limited partnership fees.Generally accepted accounting principles provides accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by ASIAN, Inc. in its federal and state tax returns are more likely than not to be sustained upon examination. ASIAN, Inc.'s respective returns are subject to examination by federal and state taxing authorities, generally for three and four years, respectively, after they are filed. false ANNUAL GALA 168327 168327 161607 168327 168327 161607 161607 6720 true X false false false false false false false false false DAVID MENDOZA PROJET DIRECTOR 139654 16780 156434 DRO ABRAHAMIAN COO 39021 7183 46204 LAMAR HEYSTEK President 169400 10955 18745 199100 Form 990, Part VI, Section B, Line 11b THE OUTSIDE, INDEPENDENT CPA PREPARES THE FORM 990, THE BOARD MEMBERS REVIEW THE FORM 990 BEFORE FILING IT. Form 990, Part VI, Section B, Line 12c THE CONFLICT OF INTEREST POLICY IS MONITORED AND REVIEWED BY THE BOARD ANNUALLY AND SIGNED IN ORDER TO SHOW COMPLIANCE. Form 990, Part VI, Section B, Line 15b THE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL (THE PRESIDENT) IS DETERMINED BY A COMPENSATION AND BENEFITS SURVEY REPORT FOR NONPROFITS AS WELL AS A REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS.THE OTHER OFFICERS OR KEY EMPLOYEES' COMPENSATIONS ARE DETERMINED, REVIEWED AND APPROVED BY THE PRESIDENT. Form 990, Part VI, Section C, Line 19 DOCUMENTS ARE AVAILABLE UPON REQUEST Neighborhood Housing Renewal Corp 2 1167 Mission St 4th Fl San Francisco CA 94109 942952052 LOW INCOME HOUSING PROJECTS CA 501(C)(3) EXEMPT ASIAN INC false Neighborhood Housing Renewal Corp 3-450 1167 Mission St 4th Fl San Francisco CA 94103 942972913 LOW INCOME HOUSING PROJECTS CA 501(C)(3) EXEMPT ASIAN INC false NATOMA INC 1167 Mission St 4th Fl San Francisco CA 94103 943242929 TAX CREDIT LOW INCOME HOUSING CA 501(C)(3) EXEMPT ASIAN INC false Neighborhood Housing Renewal Corp 3-575 1167 Mission St 4th Fl San Francisco CA 94103 943127063 LOW INCOME HOUSING PROJECTS CA 501(C)(3) EXEMPT ASIAN INC false 2300 VAN NESS INC 1167 Mission St 4th Fl San Francisco CA 94103 943225758 TAX CREDIT LOW INCOME HOUSING CA 501(C)(3) EXEMPT ASIAN INC false MINNA STREET INC 1167 Mission St 4th Fl San Francisco CA 94103 943169163 TAX CREDIT LOW INCOME HOUSING CA 501(C)(3) EXEMPT ASIAN INC false 525 OFARRELL ST INC 1167 Mission St 4th Fl San Francisco CA 94103 943111305 LOW INCOME HOUSING PROJECTS CA 501(C)(3) EXEMPT ASIAN INC false Neighborhood Housing Renewal Corp 4 1167 Mission St 4th Fl San Francisco CA 94103 943127063 LOW INCOME HOUSING PROJECTS CA 501(C)(3) EXEMPT ASIAN INC false 421 Turk Street Associates LP 1167 MISSION ST 4TH FL SAN FRANCISCO CA 94103 TAX CREDIT LOW INCOME HOUSING CA N/A false true 2300 Van Ness Associates LP 1167 Mission St 4th Fl San Francisco CA 94103 Tax Credit Low Income Housing CA N/A false true 518 Minna Street Associates LP 1167 Mission St 4th Fl San Francisco CA 94103 Tax Credit Low Income Housing CA N/A false true 479 Natoma Street Associates LP 1167 Mission St 4th Fl San Francisco CA 94103 Tax Credit Low Income Housing CA N/A false true Lassen Housing Associates LP 1167 Mission St 4th Fl San Francisco CA 94103 Tax Credit Low Income Housing CA N/A false true KDF Post Street LP 1167 Mission St 4th Fl San Francisco CA 94103 Tax Credit Low Income Housing CA N/A false true 1167 Mission Street LLC 1167 Mission St 4th Fl San Francisco CA 94103 Tax Credit Low Income Housing CA N/A false true false false true true true false false false false false true true false false false false true false false Neighborhood Housing Renewal Corp 2 d 644819 FMV Neighborhood Housing Renewal Corp 2 l 52704 FMV Neighborhood Housing Renewal Corp 2 q 23392 FMV Neighborhood Housing Renewal Corp 3-450 e 308000 FMV Neighborhood Housing Renewal Corp 3-450 l 66524 FMV Neighborhood Housing Renewal Corp 3-450 q 33624 FMV Neighborhood Housing Renewal Corp 3-575 l 107083 FMV 525 OFARRELL ST INC l 50673 FMV 525 OFARRELL ST INC q 22712 FMV Neighborhood Housing Renewal Corp 4 l 21938 FMV Neighborhood Housing Renewal Corp 4 q 17 FMV 421 Turk Street Associates LP l 82638 FMV 421 Turk Street Associates LP q 36871 FMV 2300 Van Ness Associates LP k 2700 FMV 2300 Van Ness Associates LP l 106935 FMV 2300 Van Ness Associates LP q 23743 FMV 518 Minna Street Associates LP l 88638 FMV 518 Minna Street Associates LP q 25813 FMV 479 Natoma Street Associates LP l 25130 FMV Lassen Housing Associates LP l 327353 FMV KDF Post Street LP l 51930 FMV 1167 Mission Street LLC c 25000 FMV 1167 Mission Street LLC k 348000 FMV 1167 Mission Street LLC l 5624 FMV Part v, line 7 The code for the reported transaction with Lassen Housing Associates represents a distribution from Lassen to Asian Inc.