Nonprofit · EIN 13-3187792
ASIAN AMERICANS FOR EQUALITY INC
Tax-exempt · NEW YORK, NY 10002
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $15,993,629 | $12,287,653 | $3,705,976 | $24,208,966 | $12,276,829 | $11,932,137 |
| December 31, 2023 | 990 | $10,895,181 | $9,838,751 | $1,056,430 | $27,979,358 | $19,741,338 | $8,238,020 |
| December 31, 2022 | 990 (amended) | $11,572,389 | $8,834,611 | $2,737,778 | $31,717,627 | $21,658,808 | $10,058,819 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $11,135,090
- of which government grants
- $1,672,359
- Program service revenue
- $3,327,539
- Investment income
- $43,627
- Net income from fundraising events
- -$97,634
- Net income from sales of inventory
- $1,585,007
- Other revenue
- $1,487,373
Expenses
- Grants and similar amounts paid
- $1,306,360
- Compensation of officers, directors and key employees
- $405,583
- Other salaries and wages
- $4,104,897
- Salaries, compensation and benefits (total)
- $5,709,332
- Professional fundraising fees
- $0
- Legal fees
- $18,114
- Occupancy
- $857,060
- Travel
- $41,952
- Depreciation
- $356,906
- Program services (functional)
- $8,683,500
- Management and general (functional)
- $3,319,808
- Fundraising (functional)
- $284,345
Balance sheet and other
- Total assets, start of year
- $27,979,358
- Total assets, end of year
- $24,208,966
- Total liabilities, end of year
- $12,276,829
- Net assets, end of year
- $11,932,137
- Land, buildings and equipment
- $4,882,895
- Net assets without donor restrictions
- $11,067,808
- Net assets with donor restrictions
- $864,329
- Gross unrelated business income
- $2,418,875
- Gross receipts
- $21,136,711
- Employees
- 65
- Volunteers
- 14
- Year formed
- 1974
- State of legal domicile
- NY
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| THOMAS YU | CHAIRMAN/ED Officer | 23 | $0 | $284,107 | $61,872 |
| HUI-YUAN NELSON CHAN | MANAGING DIR OF COMMUNITY Highest-paid employee | 23 | $206,467 | $0 | $64,387 |
| MY CHANG | VICE PRESIDENT/CHIEF OF STAFF Officer | 23 | $199,435 | $0 | $9,430 |
| JOY SUZANNE GRANADO | CHIEF ACCOUNTING OFFICER (OUTGOING) Officer | 23 | $175,272 | $0 | $21,446 |
| EMILY RIOS | DIRECTOR OF COMMUNITY SERV Highest-paid employee | 35 | $168,137 | $0 | $13,077 |
| ETHEL COFFINAS | DIRECTOR OF HUMAN RESOURCES Highest-paid employee | 35 | $167,302 | $0 | $13,077 |
| EDWARD LITVAK | DIRECTOR OF MARKETING Highest-paid employee | 35 | $158,725 | $0 | $14,453 |
| ANDREA ALEXOPOULOS | SENIOR PROJECT MANAGER Highest-paid employee | 35 | $140,006 | $0 | $4,972 |
| CATHERINE KIM | CHAIR Trustee or director, Officer | 3 | $0 | $0 | $0 |
| CONNIE LEE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DONNA CHIU | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GRACE ALSTER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HEIDIE JOO BURWELL | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| HENG LY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JENNIFER WU | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM BURKE | DIRECTOR Trustee or director | 1 | $0 |
| JOHN LEO | DIRECTOR (OUTGOING) Trustee or director | 1 | $0 |
| JUNE JEE | DIRECTOR Trustee or director | 1 | $0 |
| KATHLEEN WEBSTER | DIRECTOR Trustee or director | 1 | $0 |
| KENNETH COHEN | DIRECTOR Trustee or director | 1 | $0 |
| KIMBERLY WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
| LINA LEE | DIRECTOR Trustee or director | 1 | $0 |
| LISA TALMA | DIRECTOR Trustee or director | 1 | $0 |
| LYDIA TOM | VICE CHAIR Trustee or director, Officer | 4 | $0 |
| PEGGY CHAN | TREASURER Trustee or director, Officer | 2 | $0 |
| TURNEY SINGH BABA | DIRECTOR Trustee or director | 2 | $0 |
| WENDY TAKAHISA | DIRECTOR (OUTGOING) Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| THOMAS YU | CO-EXECUTIVE DIRECTOR Officer | 23 | $0 | $279,045 | $66,264 |
| JOY SUZANNE GRANADO | CHIEF ACCOUNTING OFFICER Officer | 23 | $192,545 | $0 | $28,046 |
| HUI-YUAN NELSON CHAN | MANAGING DIR OF COMMUNITY SVCS. Highest-paid employee | 35 | $168,900 | $0 | $48,163 |
| EMILY RIOS | DIRECTOR OF COMMUNITY SERV Highest-paid employee | 35 | $165,128 | $0 | $36,486 |
| ETHEL COFFINAS | DIRECTOR OF HUMAN RESOURCE Highest-paid employee | 35 | $164,235 | $0 | $37,379 |
| EDWARD LITVAK | DIRECTOR OF MARKETING Highest-paid employee | 35 | $155,364 | $0 | $37,598 |
| SHERRY CAPILI | SENIOR PROJECT MANAGER Highest-paid employee | 35 | $149,255 | $0 | $26,063 |
| MY CHANG | CHIEF OF STAFF Officer | 23 | $139,860 | $0 | $8,044 |
| CATHERINE KIM | VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 | $0 |
| CONNIE LEE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DONNA CHIU | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GRACE ALSTER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HEIDIE JOO BURWELL | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JACQUELINE HUEY | SECRETARY (OUTGOING) Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| JENNIFER WU | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JIM BURKE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN LEO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KAY WEBSTER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KENNETH COHEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LYDIA TOM | CHAIR Trustee or director, Officer | 4 | $0 | $0 | $0 |
| PEGGY CHAN | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| PING DANG | DIRECTOR (OUTGOING) Trustee or director | 0.2 | $0 | $0 | $0 |
| TIMOTHY WONG | DIRECTOR (OUTGOING) Trustee or director | 0.2 | $0 | $0 | $0 |
| TOBY S BABA | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| WENDY TAKAHISA | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended December 31, 2022: 21 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| THOMAS YU | CO-EXECUTIVE DIRECTOR Officer | 23 | $0 | $268,262 | $53,087 |
| HUI-YUAN NELSON CHAN | DIRECTOR OF REAL ESTATE DE Highest-paid employee | 35 | $160,307 | $0 | $43,740 |
| ETHEL COFFINAS | DIRECTOR OF HUMAN RESOURCE Highest-paid employee | 35 | $144,669 | $0 | $50,621 |
| JENNIFER SUN | CO-EXECUTIVE DIRECTOR (OUTGOING) Officer | 23 | $160,060 | $0 | $30,972 |
| EMILY RIOS | DIRECTOR OF COMMUNITY SERV Highest-paid employee | 1 | $153,185 | $0 | $35,953 |
| EDWARD LITVAK | DIRECTOR OF MARKETING AND Highest-paid employee | 1 | $116,937 | $0 | $36,213 |
| ANDREA ALEXOPOULOS | SENIOR PROJECT MANAGER Highest-paid employee | 35 | $109,528 | $0 | $24,305 |
| JOY SUZANNE GRANADO | CHIEF ACCOUNTING OFFICER Officer | 35 | $96,262 | $0 | $10,776 |
| MY CHANG | CHIEF OF STAFF Officer | 35 | $63,838 | $0 | $1,921 |
| CATHERINE KIM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DONNA CHIU | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HEIDIE JOO BURWELL | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JACQUELINE HUEY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN LEO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KENNETH COHEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LYDIA TOM | PRESIDENT Trustee or director, Officer | 10 | $0 | $0 | $0 |
| PEGGY CHAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PING DANG | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TIMOTHY WONG | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TOBY S BABA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WENDY TAKAHISA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2 ALLEN ST 7, NEW YORK, NY 10002-5302
- Principal officer (990 for 2024)
- THOMAS YU, 108 NORFOLK ST, NEW YORK, NY 10002
- Signed the 990
- THOMAS YU, EXECUTIVE DIRECTOR
- Phone
- (212) 979-8381
- Website
- WWW.AAFE.ORG
- Return prepared by
- CBIZ ADVISORS LLC
Mission
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.
Program accomplishments
- PLANNING AND DEVELOPMENT: IN THE PAST THREE DECADES, ASIAN AMERICANS FOR EQUALITY HAS DEVELOPED AND PRESERVED MORE THAN 1,200 AFFORDABLE APARTMENTS IN IMMIGRANT 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.Expenses $5,242,160 · grants $1,306,360 · revenue $1,184,512
- 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.Expenses $1,988,068 · revenue $1,709,846
- 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 PROVIDES 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.Expenses $1,453,272 · revenue $1,262,574
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-3187792
- 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
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $24,208,966
- Income (IRS master file)
- $21,136,711
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $15,993,629 | $12,287,653 | $24,208,966 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $10,895,181 | $9,838,751 | $27,979,358 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $11,572,389 | $8,834,611 | $31,717,627 | XML |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 13-3187792).
Questions about ASIAN AMERICANS FOR EQUALITY INC
- What is the EIN of ASIAN AMERICANS FOR EQUALITY INC?
- The employer identification number (EIN) of ASIAN AMERICANS FOR EQUALITY INC is 13-3187792.
- Is ASIAN AMERICANS FOR EQUALITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to ASIAN AMERICANS FOR EQUALITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASIAN AMERICANS FOR EQUALITY INC 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 ASIAN AMERICANS FOR EQUALITY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASIAN AMERICANS FOR EQUALITY INC 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 ASIAN AMERICANS FOR EQUALITY INC?
- The 990 for the year ended December 31, 2024 names THOMAS YU.
- Who are the officers and directors of ASIAN AMERICANS FOR EQUALITY INC?
- The 990 for the year ended December 31, 2024 lists 27 people; 7 received compensation from the organization.
- How much revenue does ASIAN AMERICANS FOR EQUALITY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $15,993,629, expenses of $12,287,653 and total assets of $24,208,966 at year end.
Other nonprofits in NEW YORK
- NEW YORK UNIVERSITY EIN 13-5562308 · last filed 990 for 2025
- HEALTHFIRST PHSP INC EIN 13-3783732 · last filed 990 for 2024
- THE NEW YORK AND PRESBYTERIAN HOSPITAL EIN 13-3957095 · last filed 990 for 2024
- NYU LANGONE HOSPITALS EIN 13-3971298 · last filed 990 for 2025
- MEMORIAL SLOAN-KETTERING CANCER CENTER EIN 91-2154267 · last filed 990 for 2024
- TRUSTEES OF COLUMBIA UNIVERSITY EIN 13-5598093 · last filed 990 for 2025
- HEALTHFIRST HEALTH PLAN INC EIN 11-3029569 · last filed 990 for 2024
- GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC EIN 31-1774905 · last filed 990 for 2024