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Zhens Benevolent Association Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 825464033 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Zhens Benevolent Association Inc?

Zhens Benevolent Association Inc is a nonprofit organization situated in New York City, specifically at 128 Mott Street Unit 710, New York, NY 10013. Their primary objective is to serve as a gathering place for senior citizens and the local community, promoting friendship and camaraderie among its members. They achieve this by organizing social events and fostering relationships. Moreover, the association is committed to dedicating its assets towards tax-exempt purposes. This nonprofit organization aims to contribute positively to the lives of its members and the local community in New York.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Zero-Star out of Four Star rating

Zhens Benevolent Association Inc has received a zero-star rating from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices, resulting in an overall score of just 35%. While the organization has a fully independent board and demonstrates integrity in asset management, it lacks essential policies such as a conflict of interest policy and a whistleblower policy. Additionally, the organization does not effectively communicate its financial information, as evidenced by the absence of its tax form on its website.

The strengths noted include a high rating for the independence and size of the board, which suggests a commitment to governance. However, the effectiveness of the board is undermined by the absence of critical policies that foster transparency and ethical operations. With a program expense ratio of only 2 out of 25, there are serious questions about how funds are allocated toward their mission.

Ultimately, the organization faces challenges that hinder its ability to operate effectively and build trust with its stakeholders. Prospective donors and supporters should proceed with caution and consider these limitations when evaluating their contributions to Zhens Benevolent Association Inc.


This AI summary has been generated from information found on Charity Navigator.

Is Zhens Benevolent Association Inc legitimate?

Zhens Benevolent Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Zhens Benevolent Association 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Zhens Benevolent Association Inc?

The Zhens Benevolent Association Inc's mission is centered around providing a welcoming space for senior citizens and local communities. This organization fosters social connections and strengthens relationships among its members through various activities. In addition, the association dedicates its assets to serve tax-exempt purposes, likely contributing to the betterment of its community in some form.

Who is the CEO of Zhens Benevolent Association Inc?

Shao Wen Zhen is the President of Zhens Benevolent Association Inc.

What is the revenue of Zhens Benevolent Association Inc?

Zhens Benevolent Association Inc's revenue in 2023 was $52,038.

Who are the executives of Zhens Benevolent Association Inc and what are their salaries?


Here are 6 key members and their salaries:


Shao Wen Zhen (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jin Quan Zhen (Vice Presidet)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fu Wei Zhen (Vice Presidet)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cindy Xie (Treasury)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rudy Yao Zhen (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wei Tian Zhen (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Zhens Benevolent Association Inc?

Zhens Benevolent Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Zhens Benevolent Association Inc

Zhens Benevolent Association Inc is committed to providing a welcoming space for senior citizens and local communities to connect and build relationships. This mission is accomplished by hosting social gatherings that foster camaraderie among its members. The association aims to strengthen these bonds through various social activities. Furthermore, Zhens Benevolent Association Inc dedicates its assets to serve tax-exempt purposes, indicating its commitment to giving back to the community. In essence, the organization seeks to create a supportive environment where senior citizens and local communities can connect, engage, and build lasting relationships.

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Impact




August, 2024

Zhens Benevolent Association Inc's impact is significant in providing a welcoming space for senior citizens and local communities to come together for friendship and camaraderie. By facilitating social interactions and fostering relationships, this organization plays a crucial role in enhancing the well-being and quality of life of its members. Additionally, through its dedication to tax-exempt purposes, Zhens Benevolent Association Inc ensures that its resources are utilized for the benefit of those it serves, further amplifying its positive impact on the human services sector in New York.




This information is meant to be a general summary of Zhens Benevolent Association 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.

Revenue
$52,038 (2023)
Expenses
$32,720 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $10
  • Gross Receipts: $121,955

Assets and Liabilities:

  • Total Assets: $865,915
  • Total Liabilities: $622,000
  • Net Assets: $243,915

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Organization Details

Founding Year

2018

Principal Officer

Shao Wen Zhen

Main Address

128 MOTT STREET UNIT 710, NEW YORK, NY, 10013

NTEE Category

Code: P20 - Human services

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