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Koram Senior Housing Corporation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$915k (2023)

Expenses
$810k (2023)

Total Assets
$1.43M (2023)

Total Liabilities
$2.53M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$914,671
Expenses
$810,355
Net Income
$104,316
Net Assets
-$1,105,083
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $912,705
99.8%
Investment Income $659
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,307
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $251,218
31.0%
Assets/Debt
Total Assets $1,426,714
Total Liabilities $2,531,797
Net Assets -$1,105,083
Compensation
Key Employees and Officers Compensation Related Other
Arnie Choi (President) $0 $0 $0
Kent Chaegu Lee (Secretary) $0 $0 $0
Heon J Woo (Treasurer) $0 $0 $0
Dr Joseph Kim (Director) $0 $0 $0
Ok Kyung Kim (Director) $0 $0 $0
Shinhae Oh (Director) $0 $0 $0
Inhe Choi (Executive Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$883,152
Expenses
$806,464
Net Income
$76,688
Net Assets
-$1,209,399
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $881,759
99.8%
Investment Income $199
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,194
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $231,915
28.8%
Assets/Debt
Total Assets $1,410,194
Total Liabilities $2,619,593
Net Assets -$1,209,399
Compensation
Key Employees and Officers Compensation Related Other
Arnie Choi (President) $0 $0 $0
Kent Chaegu Lee (Secretary) $0 $0 $0
Heon J Woo (Treasurer) $0 $0 $0
Ransil Park (Director) $0 $0 $0
Joseph Kim (Director) $0 $0 $0
Inhe Choi (Executive Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$862,617
Expenses
$886,713
Net Income
-$24,096
Net Assets
-$1,286,087
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $859,540
99.6%
Investment Income $157
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,920
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $264,744
29.9%
Assets/Debt
Total Assets $1,384,802
Total Liabilities $2,670,889
Net Assets -$1,286,087
Compensation
Key Employees and Officers Compensation Related Other
Richard Kison Hahn (President) $0 $0 $0
Heon J Woo (Secretary/Treasurer) $0 $0 $0
Arnie Choi (Director) $0 $0 $0
Ransil Park (Director) $0 $0 $0
Inhe Choi (Executive Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$856,332
Expenses
$860,248
Net Income
-$3,916
Net Assets
-$1,261,991
Notable Sources of Revenue Percent of Total Revenue
Contributions $681,378
79.6%
Program Services $166,001
19.4%
Investment Income $190
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $8,763
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $258,021
30.0%
Assets/Debt
Total Assets $1,523,027
Total Liabilities $2,785,018
Net Assets -$1,261,991
Compensation
Key Employees and Officers Compensation Related Other
Richard Kison Hahn (President) $0 $0 $0
Heon J Woo (Sec/Treas) $0 $0 $0
Arnie Choi (Director) $0 $0 $0
Kyu Young Park (Director) $0 $0 $0
Ransil Park (Director) $0 $0 $0
Peter Kim (Ex Officio) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$839,783
Expenses
$809,086
Net Income
$30,697
Net Assets
-$1,258,075
Notable Sources of Revenue Percent of Total Revenue
Contributions $669,678
79.7%
Program Services $167,420
19.9%
Investment Income $306
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,379
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $222,792
27.5%
Assets/Debt
Total Assets $1,635,523
Total Liabilities $2,893,598
Net Assets -$1,258,075

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$801,650
Expenses
$857,697
Net Income
-$56,047
Net Assets
-$1,288,772
Notable Sources of Revenue Percent of Total Revenue
Contributions $639,012
79.7%
Program Services $162,063
20.2%
Investment Income $218
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $357
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $216,443
25.2%
Assets/Debt
Total Assets $1,652,833
Total Liabilities $2,941,605
Net Assets -$1,288,772

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$814,938
Expenses
$820,270
Net Income
-$5,332
Net Assets
-$1,232,725
Notable Sources of Revenue Percent of Total Revenue
Contributions $659,871
81.0%
Program Services $153,188
18.8%
Investment Income $778
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,101
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $211,220
25.8%
Assets/Debt
Total Assets $1,762,866
Total Liabilities $2,995,591
Net Assets -$1,232,725

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$801,122
Expenses
$862,142
Net Income
-$61,020
Net Assets
-$1,227,393
Notable Sources of Revenue Percent of Total Revenue
Contributions $643,023
80.3%
Program Services $155,225
19.4%
Investment Income $742
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,132
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $212,646
24.7%
Assets/Debt
Total Assets $1,797,523
Total Liabilities $3,024,916
Net Assets -$1,227,393

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$783,956
Expenses
$871,843
Net Income
-$87,887
Net Assets
-$1,166,373
Notable Sources of Revenue Percent of Total Revenue
Contributions $634,093
80.9%
Program Services $147,016
18.8%
Investment Income $284
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,563
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $199,477
22.9%
Assets/Debt
Total Assets $1,898,586
Total Liabilities $3,064,959
Net Assets -$1,166,373

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$779,728
Expenses
$866,394
Net Income
-$86,666
Net Assets
-$1,078,486
Notable Sources of Revenue Percent of Total Revenue
Contributions $623,485
80.0%
Program Services $153,906
19.7%
Investment Income $453
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,884
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $194,153
22.4%
Assets/Debt
Total Assets $2,006,305
Total Liabilities $3,084,791
Net Assets -$1,078,486

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$390,037
Expenses
$788,523
Net Income
-$398,486
Net Assets
-$991,820
Notable Sources of Revenue Percent of Total Revenue
Contributions $247,335
63.4%
Program Services $140,609
36.1%
Investment Income $688
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,405
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $186,481
23.6%
Assets/Debt
Total Assets $2,127,463
Total Liabilities $3,119,283
Net Assets -$991,820

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$715,687
Expenses
$802,555
Net Income
-$86,868
Net Assets
$1,294,216
Notable Sources of Revenue Percent of Total Revenue
Contributions $582,965
81.5%
Program Services $129,826
18.1%
Investment Income $1,523
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,373
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $175,929
21.9%
Assets/Debt
Total Assets $4,437,618
Total Liabilities $3,143,402
Net Assets $1,294,216

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$762,539
Expenses
$789,072
Net Income
-$26,533
Net Assets
-$506,466
Notable Sources of Revenue Percent of Total Revenue
Contributions $636,144
83.4%
Program Services $122,443
16.1%
Investment Income $2,301
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,651
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $151,014
19.1%
Assets/Debt
Total Assets $2,666,616
Total Liabilities $3,173,082
Net Assets -$506,466

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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