Korean Community Services of Metropolitan New York Inc

What it reported doing in 2024

Mental health clinic: the mental health clinic is the first state-licensed mental health clinic operated by a korean nonprofit organization. The clinic provides culturally sensitive services in a warm, welcoming environment in both korean and english. Services include initial assessment, psychiatric assessment, crisis intervention, complex care management, psychotropic medication management, health assessment and monitoring, individual psychotherapy, group psychotherapy, and family, couple, collateral psychotherapy (wording same as prior year).workforce development: the workforce development program serves low-income and limited-english proficient seniors of the asian and pacific islanders community by assisting unemployed seniors find full or part-time unsubsidized employment. It does this by enabling members to acquire work experience and job training at nonprofit and government agencies. Participants receive government-funded training in practical areas such as secretarial and clerical work and receive minimum wage earnings, as well as need-based social services such as food stamps, senior apartments, supplemental security income and legal consultation.korean community center: the korean community center located in New Jersey promotes healthy and independent living for all ages and to integrate the people with korean heritage into the greater community through culture & education, outreach, health & social services, and civic advocacy.

Financial Efficiency

• Mission deployment rate: 76.4%; rating input score 76
• Program expense ratio: 81.7%; rating input score 82
• Fundraising efficiency: $39.89 raised per $1 spent on fundraising; rating input score 72; 72nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 7.6%; rating input score 61; 61st percentile among comparable filings
• Total-asset coverage ratio: 1.8; rating input score 58; 58th percentile among comparable filings
• Liabilities to assets ratio: 0.49; rating input score 29; 29th percentile among comparable filings
• Officer compensation ratio: 1.1%; rating input score 85; 85th percentile among comparable filings

Growth

• Program expense growth: 12.2% per year; rating input score 100; 77th percentile among comparable filings
• Revenue growth: 12.4% per year; rating input score 100; 81st percentile among comparable filings
• Asset growth: 12.9% per year; rating input score 100; 75th percentile among comparable filings