Overview
What is Asian Americans For Equality Inc?
Asian Americans For Equality Inc, based in New York City, is a dedicated nonprofit organization that advocates for the rights of Asian Americans and other disadvantaged communities. With a strong belief in equitable access to affordable housing, government safety net programs, healthcare, and pathways to U.S. citizenship, they operate community centers in Chinatown, the Lower East Side, Flushing, and Jackson Heights in Queens. Their individual counseling services are available citywide, providing multilingual assistance in English, Chinese, Spanish, and Korean to prevent housing displacement, connect low-income community members with essential social services, and offer immigration assistance. The nonprofit's mission is to promote racial, social, and economic justice by creating affordable housing and economic opportunities, providing a range of multilingual community services, and fostering grassroots leadership and civic engagement. Their workforce consists of 52 employees.
Official website here: www.aafe.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Asian Americans For Equality Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in certain operational aspects. The organization excels in accountability and finance, achieving a perfect score of 100% in this area. Key strengths include a fully independent board and robust policies related to conflict of interest, whistleblower protection, and document retention.
However, the organization faces challenges reflected in its financial ratios, particularly its liabilities to assets ratio, which stood at 72.47%. This high ratio suggests potential financial instability. Additionally, the program expense ratio of 61.72% indicates that a smaller portion of its expenses is directed toward programs compared to administrative costs, which may raise concerns among stakeholders about the effectiveness and sustainability of its initiatives.
Furthermore, a significant limitation noted is the lack of accessibility to its tax form on the nonprofit's website, receiving a score of zero out of four in this category. Addressing these issues could enhance transparency and build greater trust with donors and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Asian Americans For Equality Inc legitimate?
Asian Americans For Equality Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Asian Americans For Equality Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $363,829
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,885,152
For more financial information, click here
Official website here: www.aafe.org
What is the mission statement of Asian Americans For Equality Inc?
Asian Americans For Equality Inc, in its mission, strives to promote racial, social, and economic justice for Asian Americans and other disadvantaged communities. This is achieved by creating affordable housing and economic opportunities, offering a range of multilingual community services, and nurturing grassroots leadership and civic engagement. The foundation of their community services lies in the belief that everyone should have equal access to affordable and safe housing, government safety net programs, healthcare, and pathways to U.S. citizenship for themselves and their families. The organization maintains community centers in various areas and provides multilingual assistance in English, Chinese, Spanish, and Korean, helping to prevent housing displacement, connect low-income community members with essential social services, and offer immigration assistance.
Official website here: www.aafe.org
Who is the CEO of Asian Americans For Equality Inc?
Thomas Yu is the Director of Asian Americans For Equality Inc.
Official website here: www.aafe.org
What is the revenue of Asian Americans For Equality Inc?
Asian Americans For Equality Inc's revenue in 2022 was $11,572,389.
Official website here: www.aafe.org
Who are the executives of Asian Americans For Equality Inc and what are their salaries?
The average compensation at Asian Americans For Equality Inc during 2022 was $62,480. There are 52 employees and 12 volunteers at Asian Americans For Equality Inc.
Here are 21 key members and their salaries:
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- Compensation: $160,060
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- Compensation: $144,669
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- Other: $50,621
- Compensation: $160,307
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- Other: $43,740
Official website here: www.aafe.org
Where can I find the form 990 for Asian Americans For Equality Inc?
Asian Americans For Equality Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aafe.org
Learn more at the official website: www.aafe.org
Mission Statement of Asian Americans For Equality Inc
Asian Americans For Equality Inc, abbreviated as AAFE, is committed to promoting racial, social, and economic justice for Asian Americans and other disadvantaged communities. Their mission is twofold: firstly, they strive to create affordable housing and economic opportunities for these communities. Secondly, they provide a range of multilingual community services, fostering grassroots leadership and civic engagement.
At the heart of AAFE's community services is the belief that everyone should have equitable access to affordable and safe housing, government safety net programs, healthcare, and pathways to U.S. citizenship for themselves and their families. They maintain community centers in Chinatown and the Lower East Side in Manhattan, as well as in Flushing and Jackson Heights in Queens. Beyond these centers, AAFE's individual counseling services are available citywide.
The organization offers multilingual assistance in English, Chinese, Spanish, and Korean to help prevent housing displacement, connect low-income community members with essential social services, and provide immigration assistance. By doing so, Asian Americans For Equality Inc aims to empower these communities, fostering a sense of justice and equality.
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Impact
August, 2024
Asian Americans For Equality Inc has a significant impact on advancing racial, social, and economic justice for Asian Americans and other systematically disadvantaged communities. They achieve this by advocating for civil rights, affordable housing, economic development, and immigrant services. Through their work, they provide equitable access to affordable and safe housing, government safety net programs, healthcare, and pathways to U.S. citizenship for individuals and families in need. Their community centers and individual counseling services, offered in multiple languages, help prevent housing displacement, connect low-income community members with essential social services and immigration assistance, and promote grassroots leadership and civic engagement.
This information is meant to be a general summary of Asian Americans For Equality Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $313
- Program Service Revenue: $3,638,648
- Gross Receipts: $11,572,389
Assets and Liabilities:
- Total Assets: $31,717,627
- Total Liabilities: $21,658,808
- Net Assets: $10,058,819
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BROWNFIELD REDEVELOPMENT CREDIT
Revenue
$2,574,641
PROGRAM SERVICE FEES
Revenue
$518,484
DEVELOPER FEES
Revenue
$362,414
LOAN INTEREST
Revenue
$148,383
PROGRAM INCOME
Revenue
$30,460
Organization Details
Founding Year
1974
Phone
(212) 979-8381Principal Officer
Thomas Yu
Main Address
2 ALLEN STREET 7TH FLOOR, NEW YORK, NY, 10002
Website
www.aafe.orgNTEE Category
Code: R20 - Civil rights
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