Indochinese Housing Development Corp

Nonprofit profile at a glance

EIN
942796496
IRS 990 coverage
2014–2025
Forms available
Form 990 2025
Location
San Francisco, CA, USA
Phone
4154412872
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Official website

Reported finances

Revenue
$1,042,468
Expenses
$1,248,715
Assets
$3,783,103
Liabilities
$4,666,510

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

9 people listed

Highest reported compensation

  • WAI LA (Executive Dir.): $60,278 total reported compensation
  • Mony Thach (Executive Dir.): $40,420 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The indochinese housing development corporation (ihdc) is a non-profit publicbenefit corporation, incorporated in California in 1981. The mission of ihdc is tohelp create a vibrant and dignified community through the purchase, renovation, maintenance and management of safe, comfortable and affordable housing. To fostercommunity spirit, ihdc seeks to: (1) encourage participation, empowerment andindependence in the lives of all associated with them; (2) organize ihdc activitiesunder tenant priorities, direction and involvement; and (3) promote indigenousleadership. Ihdc provides housing for residents of the tenderloin neighborhood ofsan francisco whose incomes are below the median income for the san francisco area.ihdc serves primarily the southeast asian immigrant community. Over the years ihdcprograms have developed in response to the needs of the residents and the community.ihdc offers a number of programs for all ages.

What it reported doing in 2025

Ihdc owns and operate two apartment buildings in san francisco: an 82 unit buildingand a 35 unit building. The buildings were financed by a combination of foundationloans, private financing and community development block grant site acquisitionfunds. Ihdc provides housing for residents of the tenderloin neighborhood of sanfrancisco whose incomes are below the median income for the san francisco area. Ihdcserves primarily the southeast asian immigrant community. To foster community spirit, ihdc seeks to encourage participation, empowerment and independence in the lives of all associated with ihdc, organize ihdc activities under tenant priorities, direction and involvement; and promote indigenous leadership. Over the years ihdc programs have developed in response to the needs of the residents and the community.

Operating model

Revenue model
Earned-program. 95% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 60
  • Accountability: 75
  • Sustainability: 31
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 90.7%; rating input score 91
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 75%; rating input score 75; 19th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Limited
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -19.8%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 3.03; rating input score 75; 75th percentile among comparable filings
  • Liabilities to assets ratio: 1.23; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 8.1%; rating input score 43; 43rd percentile among comparable filings

Growth

  • Program expense growth: 2% per year; rating input score 100; 22nd percentile among comparable filings
  • Revenue growth: 3.7% per year; rating input score 100; 29th percentile among comparable filings
  • Asset growth: 0.1% per year; rating input score 100; 16th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 90.7% of spending went to programs
  • Governance: 6 of 8 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.1M in reported program spending
  • Leadership: top reported pay $60K · 9 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 4 filed schedules · includes executive pay
  • Filing history: 12 filing years from 2014 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 7/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.
  • Moderate — Sustainability: Officer compensation ratio scored 43/100.