Hong Ning Sr Housing Corp

Nonprofit profile at a glance

EIN
860511863
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Phoenix, AZ, USA
Phone
6029970013
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities

Reported finances

Revenue
$691,197
Expenses
$511,755
Assets
$659,556
Liabilities
$666,250

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • LEUNG ENG (PRESIDENT)
  • MAGGIE ENG (VICE PRESIDENT)

People named in this filing

  • LEUNG ENG (PRESIDENT)
  • MAGGIE ENG (VICE PRESIDENT)
  • DAMING WEN (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide low income housing and support services to elderly and handicapped persons.

What it reported doing in 2024

In 2024, this organization provided housing to the elderly and persons with disabilities through the operation of a 58-unit hud 202 multifamily housing community in phoenix, Arizona. The organization provided decent, safe and affordable housing to 70 residents: 57% between the ages 62-81, 36% between the ages 82-93, and 7% 94+. Hong ning house employed a service coordinator who provided resources or assistance to residents on topics including: case management, emergency financial assistance, home delivered meals, food bank programs, crisis intervention and supportive counseling, citizenship, transportation, translation, healthcare services, social security and medicare, home management, family support and prescription assistance/delivery. (continued on schedule o)the service coordinator scheduled a variety of health and wellness programs and events, including: vaccine events, tai chi classes, senior farmer market nutrition program, farm express mobile market, mobile medical clinic, medicare and ahcccs inquiry, food box delivery, free haircuts and pharmacy delivery. Residents enjoyed arranging and participating in their own activities, such as daily exercise, games, walking club, and singing group.

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Program spending has declined or grown slowly and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 61
  • Transparency & Controls: 90
  • Accountability: 94
  • Sustainability: 63
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 60.4%; rating input score 60
  • Program expense ratio: 82%; rating input score 82
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 26%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 1.29; rating input score 51; 51st percentile among comparable filings
  • Liabilities to assets ratio: 1.01; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: -1.4% per year; rating input score 0; 14th percentile among comparable filings
  • Revenue growth: 2.3% per year; rating input score 100; 26th percentile among comparable filings
  • Asset growth: -4.9% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 60.4% of revenue deployed · 82% of spending went to programs
  • Governance: 6 of 6 board members independent · 6 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $420K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 32 of 32 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: Audit committee oversight not reported.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 51/100.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.