Nonprofit · EIN 87-2322202
SIMPLIBANC DEVELOPMENT OF COMMUNITIES INC
Tax-exempt · DIAMOND BAR, CA 91765
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990-EZ | $106,490 | $105,497 | $993 | $65,008 | $60,000 | $5,008 |
Financial details: 990-EZ for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $106,490
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $43,000
- Salaries, compensation and benefits (total)
- $43,000
- Professional fees and payments to contractors
- $56,377
- Occupancy
- $4,400
- Printing, publications and postage
- $138
- Other expenses
- $1,582
Balance sheet and other
- Total assets, start of year
- $64,015
- Total assets, end of year
- $65,008
- Total liabilities, end of year
- $60,000
- Net assets, end of year
- $5,008
- Cash, savings and investments
- $5,008
- Gross receipts
- $106,490
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-EZ for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mujin Kim | President | 20 | $23,000 |
| Keny Chang | Secretary | 20 | $20,000 |
| Bob Kuo | Director | 3 | $0 |
| Frank Baik | Director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 1370 VALLEY VISTA DR STE 228, DIAMOND BAR, CA 91765-3950
- Mailing address (990-N for 2023)
- 1370 Valley Vista Drive Suite 228, Diamond Bar CA 91765
- Principal officer (990-N for 2023)
- Mujin Kim, 1370 Valley Vista Drive Suite228, Diamond Bar CA 91765
- Signed the 990-EZ
- Mujin Kim, President
- Phone
- (909) 529-8895
California records
California keeps its own records of charities and corporations. Search them by EIN 87-2322202 or by the name SIMPLIBANC DEVELOPMENT OF COMMUNITIES INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
Provide benevolent assistance to those in needs.
Program accomplishments
- Connected minority business owners with the bank and helped them acquire small business loans. Educated small business owners regarding importance of keeping financial records, personal credit and how to prepare loan application to receive bank loans.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 87-2322202
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S40)
- Assets (IRS master file)
- $65,008
- Income (IRS master file)
- $106,490
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2023 Officer: Mujin Kim | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2023 | $106,490 | $105,497 | $65,008 | XML |
| 990-N for 2021 Officer: Mujin Kim | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
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 87-2322202).
Questions about SIMPLIBANC DEVELOPMENT OF COMMUNITIES INC
- What is the EIN of SIMPLIBANC DEVELOPMENT OF COMMUNITIES INC?
- The employer identification number (EIN) of SIMPLIBANC DEVELOPMENT OF COMMUNITIES INC is 87-2322202.
- Is SIMPLIBANC DEVELOPMENT OF COMMUNITIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to SIMPLIBANC DEVELOPMENT OF COMMUNITIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SIMPLIBANC DEVELOPMENT OF COMMUNITIES INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of SIMPLIBANC DEVELOPMENT OF COMMUNITIES 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 SIMPLIBANC DEVELOPMENT OF COMMUNITIES INC last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2023 for the year ended December 31, 2023.
- Who is the principal officer of SIMPLIBANC DEVELOPMENT OF COMMUNITIES INC?
- The 990-N for 2023 names Mujin Kim.
- Who are the officers and directors of SIMPLIBANC DEVELOPMENT OF COMMUNITIES INC?
- The 990-EZ for the year ended December 31, 2023 lists 4 people; 2 received compensation from the organization, the highest $23,000 (Mujin Kim, President).
- How much revenue does SIMPLIBANC DEVELOPMENT OF COMMUNITIES INC have?
- On its 990-EZ for the year ended December 31, 2023 it reported revenue of $106,490, expenses of $105,497 and total assets of $65,008 at year end.
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