Nonprofit · EIN 13-3275044
WALKER STREET CHUNG PAK LOCAL DEVELOPMENT
Tax-exempt · NEW YORK, NY 10013
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2025 | 990 | $2,059,073 | $1,421,748 | $637,325 | $12,864,571 | $4,637,409 | $8,227,162 |
| April 30, 2024 | 990 | $2,021,618 | $1,871,813 | $149,805 | $12,255,893 | $4,666,056 | $7,589,837 |
Financial details: 990 for the year ended April 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,854,484
- Investment income
- $102,405
- Other revenue
- $102,184
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $219,271
- Other salaries and wages
- $154,512
- Salaries, compensation and benefits (total)
- $462,738
- Professional fundraising fees
- $0
- Legal fees
- $29,472
- Accounting fees
- $10,535
- Occupancy
- $185,951
- Travel
- $7,532
- Depreciation
- $61,454
- Program services (functional)
- $816,335
- Management and general (functional)
- $605,413
Balance sheet and other
- Total assets, start of year
- $12,255,893
- Total assets, end of year
- $12,864,571
- Total liabilities, end of year
- $4,637,409
- Net assets, end of year
- $8,227,162
- Land, buildings and equipment
- $1,259,671
- Net assets without donor restrictions
- $8,227,162
- Gross receipts
- $2,059,073
- Employees
- 3
- Year formed
- 1985
- 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 April 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHERMAN ENG | ACTING CHAIR Trustee or director, Officer | 35 | $223,773 | $49,666 |
| WING MA | SECRETARY Trustee or director | 0.5 | $0 | $0 |
| PO-LING NG | TREASURER Trustee or director | 0.5 | $0 | $0 |
990 for the year ended April 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHERMAN ENG | ACTING CHAIR Trustee or director, Officer | 35 | $215,384 |
| WING MA | SECRETARY Trustee or director | 0.5 | $0 |
| PO-LING NG | TREASURER Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 96 BAXTER STREET 13TH FLOOR, NEW YORK, NY 10013-4482
- In care of
- % PHIPPS HOUSES SERVICES INC
- Principal officer (990 for 2024)
- SHERMAN ENG, 96 BAXTER STREET, NEW YORK, NY 10012
- Signed the 990
- SHERMAN ENG, ACTING CHAIR & PRES
- Phone
- (212) 625-8833
- Return prepared by
- VARGAS & RIVERA CPA'S LLP
Mission
WALKER STREET - CHUNG PAK LOCAL DEVELOPMENT CORPORATION (THE "CORPORATION") WAS INCORPORATED IN THE STATE OF NEW YORK ON MARCH 28, 1985 UNDER SECTION 1411 OF THE NOT-FOR-PROFIT CORPORATION LAW. WALKER STREET - CHUNG PAK LOCAL DEVELOPMENT CORPORATION WAS ORGANIZED TO IMPROVE THE QUALITY OF LIFE OF THE RESIDENTS OF COMMUNITY BOARDS NO. 1, 2, AND 3 BY DEVELOPING, OPERATING AND MAINTAINING COMMERCIAL FACILITIES.
Program accomplishments
- THE CORPORATION IS A COMMERCIAL CENTER THAT PROVIDES MUCH NEEDED SPACE FOR COMMUNITY FACILITIES FOR THE INDIVIDUALS RESIDING WITH MANHATTAN COMMUNITY BOARDS NO. 1, 2 AND 3, INCLUDING MAJOR COMPREHENSIVE HEALTH CLINIC AND A CHILDCARE CENTER. IN ADDITION, THE BUILDING HOUSES COMMUNITY CENTRIC RETAIL STORES, ALL OF WHICH OFFER ESSENTIAL SERVICES TO THE WORKING FAMILIES LIVING IN THE AREA AND WHICH GREATLY IMPROVE THEIR QUALITY OF LIFE.Expenses $816,335
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 April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990 on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990 on file |
IRS record
- EIN
- 13-3275044
- 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
- 2007
- Accounting year ends
- April
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $12,864,571
- Income (IRS master file)
- $2,059,073
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | April 2025 | – | – | – | IRS |
| 990 | April 2024 | – | – | – | IRS |
| 990 | April 2023 | $1,622,617 | $1,656,437 | $10,446,190 | IRS |
| 990 | April 2022 | $2,154,904 | $1,783,292 | $10,578,473 | IRS |
| 990 | April 2021 | – | – | – | IRS |
| 990 | April 2020 | – | – | – | IRS |
| 990 | April 2019 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about WALKER STREET CHUNG PAK LOCAL DEVELOPMENT
- What is the EIN of WALKER STREET CHUNG PAK LOCAL DEVELOPMENT?
- The employer identification number (EIN) of WALKER STREET CHUNG PAK LOCAL DEVELOPMENT is 13-3275044.
- Is WALKER STREET CHUNG PAK LOCAL DEVELOPMENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to WALKER STREET CHUNG PAK LOCAL DEVELOPMENT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WALKER STREET CHUNG PAK LOCAL DEVELOPMENT 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 WALKER STREET CHUNG PAK LOCAL DEVELOPMENT due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WALKER STREET CHUNG PAK LOCAL DEVELOPMENT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended April 2025.
- Who is the principal officer of WALKER STREET CHUNG PAK LOCAL DEVELOPMENT?
- The 990 for the year ended April 30, 2025 names SHERMAN ENG.
- Who are the officers and directors of WALKER STREET CHUNG PAK LOCAL DEVELOPMENT?
- The 990 for the year ended April 30, 2025 lists 3 people; 1 received compensation from the organization, the highest $223,773 (SHERMAN ENG, ACTING CHAIR).
- How much revenue does WALKER STREET CHUNG PAK LOCAL DEVELOPMENT have?
- On its 990 for the year ended April 30, 2025 it reported revenue of $2,059,073, expenses of $1,421,748 and total assets of $12,864,571 at year end.
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