Overview
What is Washington Chinatown Devel Company Inc?
Washington Chinatown Devel Company Inc is a nonprofit organization based in Washington, D.C., specifically at 800 6th Street NW 105. Their primary focus is ensuring the well-being of the residents of Wah Luk House. They accomplish this by managing the property, overseeing its operations, and organizing various activities to enrich the lives of its residents. These activities include providing newspaper subscriptions and TV service, arranging bus transportation for shopping excursions, sponsoring cultural events such as Chinese opera and volleyball, and contributing financially to support a senior care center operated by the Chinese Chamber of Commerce of Greater Washington D.C. (CCBA). Overall, Washington Chinatown Devel Company Inc strives to create a nurturing environment that caters to the physical and emotional needs of its residents, allowing them to enjoy their community and Chinese culture.
Official website here: www.wailee@wahluck.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
Washington Chinatown Development Company Inc has received a Three-Star rating from Charity Navigator, indicating a satisfactory level of performance based primarily on its accountability and financial health. The organization achieved a strong score for having a fully independent board and no material diversions of assets, demonstrating good governance practices.
The nonprofit scored particularly well in several categories, including a high program expense ratio of 99.10%, signifying that nearly all of its expenses are directed towards its programs. Additionally, the organization’s liabilities to assets ratio stands at 0.00%, reflecting a solid financial position. However, it has been noted that the organization is missing several key policies, including a conflict of interest and whistleblower policy, which may suggest areas for improvement in governance.
While the organization performs well in most financial aspects, the absence of critical policies could present potential risks in transparency and accountability. Addressing these shortcomings could enhance its overall effectiveness and trust with stakeholders, thereby improving its rating in future evaluations.
This AI summary has been generated from information found on Charity Navigator.
Is Washington Chinatown Devel Company Inc legitimate?
Washington Chinatown Devel Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Washington Chinatown Devel Company 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.wailee@wahluck.org
What is the mission statement of Washington Chinatown Devel Company Inc?
The Washington Chinatown Devel Company Inc is committed to safeguarding its property and managing its operations, with a primary focus on enhancing the well-being of its residents. To achieve this, the company provides essential services such as newspaper subscriptions and TV service, coordinates bus services for shopping excursions, and organizes cultural events like Chinese opera and volleyball games. Furthermore, the company has shown its support by donating to community organizations, contributing to the operation of a senior care center. In essence, Washington Chinatown Devel Company Inc prioritizes the comfort and welfare of its residents while fostering a sense of community and cultural appreciation.
Official website here: www.wailee@wahluck.org
Who is the CEO of Washington Chinatown Devel Company Inc?
Wai Man Lee is the Treasurer of Washington Chinatown Devel Company Inc.
Official website here: www.wailee@wahluck.org
What is the revenue of Washington Chinatown Devel Company Inc?
Washington Chinatown Devel Company Inc's revenue in 2022 was $460,627.
Official website here: www.wailee@wahluck.org
Who are the executives of Washington Chinatown Devel Company Inc and what are their salaries?
There 25 volunteers at Washington Chinatown Devel Company Inc.
Here are 10 key members and their salaries:
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Official website here: www.wailee@wahluck.org
Where can I find the form 990 for Washington Chinatown Devel Company Inc?
Washington Chinatown Devel Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wailee@wahluck.org
Learn more at the official website: www.wailee@wahluck.org
Mission Statement of Washington Chinatown Devel Company Inc
Washington Chinatown Devel Company Inc, with its primary objectives, is dedicated to safeguarding the property and managing its operations. Furthermore, this organization aims to enhance the well-being of its residents residing in the Wah Luk House. To achieve this mission, it provides essential services such as newspaper subscriptions and TV services to all residents, coordinates bus services for food shopping excursions, sponsors cultural events like Chinese opera, and organizes sports activities like volleyball. All these initiatives are designed to allow residents to enjoy their cultural heritage and engage in leisure activities. Moreover, the company has shown its commitment to the community by donating funds to the CCBA for operating a senior care center. This nonprofit's mission is to create a comfortable and enriching living environment for its residents while fostering a sense of community and cultural pride.
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Impact
July, 2024
Washington Chinatown Development Company Inc has had a significant impact on its community by providing essential services and promoting the welfare of residents at the Wah Luk House. Through activities such as coordinating bus services for food shopping excursions, sponsoring cultural events like Chinese opera and volleyball, and supporting organizations like CCBA for operating a senior care center, the organization has enriched the lives of its residents and contributed to the overall improvement of the community. Their efforts have not only enhanced the quality of life for those they serve but have also helped preserve and promote Chinese culture and traditions in the area.
This information is meant to be a general summary of Washington Chinatown Devel Company 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: $33,760
- Gross Receipts: $463,260
Assets and Liabilities:
- Total Assets: $536,523
- Total Liabilities: $0
- Net Assets: $536,523
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Organization Details
Founding Year
1977
Phone
(202) 408-8049Principal Officer
Wai Man Lee
Main Address
800 6TH STREET NW 105, WASHINGTON, DC, 20001
Website
www.wailee@wahluck.orgNTEE Category
Code: S80 - Community improvement
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