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Nonprofit · EIN 37-1777604

PALOLO KOREAN CARE HOME INC

Tax-exempt (reinstated) · HONOLULU, HI 96813

Financials

$725K$307K2023$0$02024
Revenue Expenses · by fiscal year end
Financials of PALOLO KOREAN CARE HOME INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$0$0$0$7,541,099$7,178,866$362,233
December 31, 2023990$724,960$307,290$417,670$6,711,655$6,349,422$362,233
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0

Balance sheet and other

Total assets, start of year
$6,711,655
Total assets, end of year
$7,541,099
Total liabilities, end of year
$7,178,866
Net assets, end of year
$362,233
Land, buildings and equipment
$7,503,485
Gross receipts
$0
Employees
0
Volunteers
0
Year formed
2006
State of legal domicile
HI

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.

NameTitleHours / weekCompensation
DOHYUN GWONPRESIDENT, DIRECTOR, TREASURER
Trustee or director, Officer
2$0
DONALD CHOIDIRECTOR
Trustee or director
2$0
JAEWAN JEONDIRECTOR
Trustee or director
2$0
BOYONG JUNGDIRECTOR
Trustee or director
2$0
JAMO YANGDIRECTOR
Trustee or director
2$0
JUDI KIMSECRETARY
Officer
2$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
DOHYUN GWONPRESIDENT, DIRECTOR, TREASURER
Trustee or director, Officer
2$750
DONALD CHOIDIRECTOR
Trustee or director
2$0
JAEWAN JEONDIRECTOR
Trustee or director
2$0
BOYONG JUNGDIRECTOR
Trustee or director
2$0
JAMO YANGDIRECTOR
Trustee or director
2$0
JUDI KIMSECRETARY
Officer
2$0

Address and contacts

Address (IRS master file)
C/O 725 KAPIOLANI BLVD, HONOLULU, HI 96813-6012
In care of
% DO-YUN GWON
Principal officer (990 for 2024)
DOHYUN GWON, 2420 HALELAAU PLACE, HONOLULU, HI 96816
Signed the 990
DOHYUN GWON, PRESIDENT
Phone
(808) 941-9205
Return prepared by
Jay Kang CPA Inc

Mission

To offer more home-like family setting, food services, and assistance with daily living for seniors.

990 for the year ended December 31, 2024

Program accomplishments

  • To offer more home-like family setting, food services, and assistance with daily living for seniors.0

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
37-1777604
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
2016
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Category (NTEE)
Human services (P75)
Assets (IRS master file)
$7,541,099

Revocation and reinstatement

Exemption revoked
May 15, 2010
Posted by the IRS
February 18, 2016
Reinstated
Effective May 15, 2010

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$0$0$7,541,099IRS
990December 2023$724,960$307,290$6,711,655XML
990December 2022$414,698$429,637$6,678,867IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––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 37-1777604).

Questions about PALOLO KOREAN CARE HOME INC

What is the EIN of PALOLO KOREAN CARE HOME INC?
The employer identification number (EIN) of PALOLO KOREAN CARE HOME INC is 37-1777604.
Is PALOLO KOREAN CARE HOME INC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
Are donations to PALOLO KOREAN CARE HOME INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PALOLO KOREAN CARE HOME INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of PALOLO KOREAN CARE HOME 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 PALOLO KOREAN CARE HOME 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 PALOLO KOREAN CARE HOME INC?
The 990 for the year ended December 31, 2024 names DOHYUN GWON.
Who are the officers and directors of PALOLO KOREAN CARE HOME INC?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does PALOLO KOREAN CARE HOME INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $0, expenses of $0 and total assets of $7,541,099 at year end.

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