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Happy Village

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

EIN: 954847500 ✦ Los angeles, CA ✦ Designated as a 501(c)(3)

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Overview

What is Happy Village?

Happy Village is a nonprofit organization dedicated to supporting and integrating new Korean immigrants into American society. They actively raise awareness about the challenges these immigrants face, foster understanding, and encourage a socially responsible environment among various minority groups. Their initiatives include programs like a senior support service for those living alone, environmental projects, car donations, and community events such as marathons and bazaars. The organization also has a donation program to help those in need within the Korean immigrant community. Overall, Happy Village aims to assist Korean immigrants in their assimilation and improve community cohesion among diverse groups.


Official website here: www.myhappyvillage.org/

What are the reviews and ratings of this charity?

Charity Navigator Rating: 69% (Two-Star out of Four Star rating)

Happy Village has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization demonstrates strong governance with a fully independent board and no material diversion of assets. Additionally, it effectively allocates 88.36% of its expenses towards programs, highlighting a commitment to its mission.

However, the charity faces criticism due to the absence of several key policies, such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy, which resulted in the loss of crucial points in the accountability category. This lack of comprehensive policies may raise concerns regarding transparency and internal governance practices.

Overall, while Happy Village showcases strengths in financial ratios and board independence, addressing its policy shortcomings could enhance its accountability and provide greater confidence to potential donors and stakeholders. Improving these areas may help the organization achieve a better rating in the future.


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

Is Happy Village legitimate?

Happy Village is a legitimate nonprofit organization registered as a 501(c)(3) entity. Happy Village 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: $61,200

For more financial information, click here


Official website here: www.myhappyvillage.org/

What is the mission statement of Happy Village?

Happy Village's mission is centered around promoting, fostering, and enhancing public awareness of the challenges faced by new Korean immigrants in the United States. The organization also aims to assist these immigrants in their assimilation into American society. Furthermore, Happy Village seeks to foster a socially responsible environment among various minority groups. Their initiatives include programs such as a seniors' support system, environmental projects, car donations, marathons, and community bazaars. They also operate a community donation program.


Official website here: www.myhappyvillage.org/

Who is the CEO of Happy Village?

William Kim is the Secretary of Happy Village. The CEO's salary of Happy Village is $0 and their total compensation is $0.


Official website here: www.myhappyvillage.org/

What is the revenue of Happy Village?

Happy Village's revenue in 2022 was $677,041.


Official website here: www.myhappyvillage.org/

Who are the executives of Happy Village and what are their salaries?

The average compensation at Happy Village during 2022 was $61,200. There is 1 employee at Happy Village.


Here are 3 key members and their salaries (Happy Village's CEO's salary is $0 and their total compensation is $0):


William Kim (Secretary)
  • Compensation: $61,200
  • Related: $0
  • Other: $0
Changsik Cho (Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sang Il Park (Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.myhappyvillage.org/

Where can I find the form 990 for Happy Village?

Happy Village's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.myhappyvillage.org/

Learn more at the official website: www.myhappyvillage.org/

Mission Statement of Happy Village

Happy Village, a nonprofit organization, is dedicated to promoting, fostering, and enhancing public awareness regarding the challenges faced by new Korean immigrants in the United States. Their mission extends beyond this, as they also aim to assist these immigrants in assimilating into American society and foster a socially responsible environment among various minority groups. By doing so, Happy Village strives to create a more inclusive and understanding society for all. Their programs and initiatives, such as the seniors who live alone program, green project, car donation, love marathon, and bazaar, are all aligned with this mission and aim to contribute positively to the lives of Korean immigrants and other minority groups in the community.

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Impact




July, 2024

Happy Village's impact is significant in promoting, fostering, and enhancing public awareness of the issues facing new Korean immigrants to the US. They play a crucial role in assisting immigrants in assimilating into American society and creating a socially responsive environment among minority groups. Through programs such as the seniors who live alone program, green project, car donation, love marathon, bazaar, and more, Happy Village effectively supports the Korean immigrant community in Los Angeles, CA. By offering initiatives like the Happy Village community donation program, they actively contribute to improving the lives of immigrants and fostering a sense of belonging in their new environment.




This information is meant to be a general summary of Happy Village. 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
$677,041 (2022)
Expenses
$681,184 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $177,223
  • Gross Receipts: $677,041

Assets and Liabilities:

  • Total Assets: $157,944
  • Total Liabilities: $26,384
  • Net Assets: $131,560

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

HAPPY VILLAGE COMMUNITY

Revenue

$177,223

Organization Details

Founding Year

2001

Principal Officer

William Kim

Main Address

690 WILSHIRE PL, LOS ANGELES, CA, 90005

NTEE Category

Code: P84 - Human services

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