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Nonprofit · EIN 51-0189851

CHINESE-AMERICAN GOLDEN AGE ASSOCIATION

Tax-exempt · MONTEREY PARK, CA 91755

Financials

$2.8M$2.1M2023$2.9M$2.8M2024
Revenue Expenses · by fiscal year end
Financials of CHINESE-AMERICAN GOLDEN AGE ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,883,083$2,829,559$53,524$25,208,017$18,351,825$6,856,192
December 31, 2023990$2,789,180$2,072,626$716,554$25,341,100$18,538,432$6,802,668
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,158,314
of which government grants
$2,156,814
Program service revenue
$518,209
Investment income
$206,510
Net gain from sales of assets
$204,388
Other revenue
$50

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$1,820
Accounting fees
$20,425
Occupancy
$2,021,191
Depreciation
$251,852
Program services (functional)
$2,611,887
Management and general (functional)
$217,672

Balance sheet and other

Total assets, start of year
$25,341,100
Total assets, end of year
$25,208,017
Total liabilities, end of year
$18,351,825
Net assets, end of year
$6,856,192
Land, buildings and equipment
$3,303,251
Net assets without donor restrictions
$6,856,192
Gross receipts
$2,678,695
Employees
0
Volunteers
0
Year formed
1975
State of legal domicile
CA

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
DR IRIS CHIPRESIDENT
Trustee or director, Officer
20$0
MAY MA ROSSSECRETARY
Trustee or director, Officer
2$0
RICHARD HANCFO
Trustee or director, Officer
4$0
DR CARRIE LEWDIRECTOR
Trustee or director
2$0
GEORGE LINDIRECTOR
Trustee or director
2$0
CECILIA WU ESQDIRECTOR
Trustee or director
2$0
TIM LIDIRECTOR
Trustee or director
2$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
DR IRIS CHIPRESIDENT
Trustee or director, Officer
20$0
MAY MA ROSSSECRETARY
Trustee or director, Officer
2$0
RICHARD HANCFO
Trustee or director, Officer
4$0
DR CARRIE LEWDIRECTOR
Trustee or director
2$0
GEORGE LINDIRECTOR
Trustee or director
2$0
CECILIA WU ESQDIRECTOR
Trustee or director
2$0
TIM LIDIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
234 NORTH RURAL DRIVE, MONTEREY PARK, CA 91755-4507
Principal officer (990 for 2024)
RICHARD HAN, 234 NORTH RURAL DRIVE, MONTEREY PARK, CA 91755
Signed the 990
RICHARD HAN, CFO
Phone
(626) 571-7977
Return prepared by
DAUBY O'CONNOR & ZALESKI LLC

California records

California keeps its own records of charities and corporations. Search them by EIN 51-0189851 or by the name CHINESE-AMERICAN GOLDEN AGE ASSOCIATION.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

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.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $2,611,887 · revenue $724,719

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 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
51-0189851
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
1976
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$25,208,017
Income (IRS master file)
$2,678,695

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,883,083$2,829,559$25,208,017XML
990December 2023$2,789,180$2,072,626$25,341,100XML
990December 2022$2,278,141$1,393,226$6,140,625IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 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 51-0189851).

Questions about CHINESE-AMERICAN GOLDEN AGE ASSOCIATION

What is the EIN of CHINESE-AMERICAN GOLDEN AGE ASSOCIATION?
The employer identification number (EIN) of CHINESE-AMERICAN GOLDEN AGE ASSOCIATION is 51-0189851.
Is CHINESE-AMERICAN GOLDEN AGE ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1976.
Are donations to CHINESE-AMERICAN GOLDEN AGE ASSOCIATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CHINESE-AMERICAN GOLDEN AGE ASSOCIATION 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 CHINESE-AMERICAN GOLDEN AGE ASSOCIATION 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 CHINESE-AMERICAN GOLDEN AGE ASSOCIATION 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 CHINESE-AMERICAN GOLDEN AGE ASSOCIATION?
The 990 for the year ended December 31, 2024 names RICHARD HAN.
Who are the officers and directors of CHINESE-AMERICAN GOLDEN AGE ASSOCIATION?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does CHINESE-AMERICAN GOLDEN AGE ASSOCIATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,883,083, expenses of $2,829,559 and total assets of $25,208,017 at year end.

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