named programs · 2 · from sources
What they call their work
Community Facilities and Retail
Manages 15,000 sq ft of community facility space including a health clinic and childcare center, and approximately 15 retail stores serving essential needs of working families in Chinatown.
Elderly Housing
Provides 88 affordable apartment units for very low and extremely low-income seniors through the Everlasting Pine HDFC Inc. project, a HUD 202 and Section 8 subsidized housing development.
activities · 3 groups
What they do
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Affordable Housing Development and Management 1 activity
- Develops and operates affordable senior housingOperates a 13-story residential tower in Manhattan's Downtown area that provides 88 affordable apartment units for very low and extremely low income senior citizens, primarily aged 85 to 100, through its subsidiary Everlasting Pine HDFC Inc.
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Facility-Based Service Delivery 1 activity
- Manages community facility spaces in ChinatownOperates and maintains commercial and community facilities in Chinatown, including 15,000 square feet of community space housing a comprehensive health clinic, a childcare center, and approximately 15 retail stores providing essential services to working families.
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Senior Social & Enrichment Programming 1 activity
- Promotes social engagement among senior residentsHosts year-round functions and holiday events in the community room to foster social interaction and community cohesion among senior residents in its affordable housing building.
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financials · form 990 · fy2024
revenue
Total revenue$2.06M
Contributions & grants$00%
Program service revenue$1.85M90%
Investment income$102K5%
Other revenue$102K
expenses
Total expenses$1.42M
Program expenses57%
Admin / overhead43%
Fundraising0%
Salaries & benefits$463K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$12.86M
Cash$3.56M
Investments$0
Liabilities$4.64M
Net assets$8.23M
Liquid reserves30.0 mo
6 years on record · 2019–2024 · YoY revenue +1.8%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 1
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| SHERMAN ENG | ACTING CHAIR | 35 | $273K |
board members · 2
- PO-LING NG — TREASURER
- WING MA — SECRETARY
relationships · 2
Who they work with
- Everlasting Pine HDFC Inc. Partner — Subsidiary organization operating the elderly housing project.
- New York City Government — Negotiated with the City to obtain land for the development of the Chung Pak complex.
strategies · 3
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Mixed-Use Community Development for Holistic Neighborhood Needs 115 orgsmethodology: mixed-use_community_developmentBy integrating commercial retail with community facilities such as health and childcare services, the organization addresses multiple dimensions of neighborhood well-being in one development, because co-locating services increases accessibility and utilization among residents.shared approach: Integrated Supportive Services →
- Active Aging Through Community Engagement 103 orgsmethodology: active_aging_through_community_engagementBy providing year-round social programming and holiday events, the organization promotes active aging among seniors, because sustained social engagement improves mental health, reduces isolation, and strengthens community cohesion.shared approach: Person-Centered Engagement →
- Community-Led Development and Advocacymethodology: community_advocacy_and_negotiationBy engaging in collective advocacy and negotiation with city authorities, the organization secures land and resources for community-serving infrastructure, because resident-driven initiatives are more likely to reflect local needs and ensure sustainable neighborhood improvement.