EIN 04-2988263

Asian Community Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
12
City
Year formed
1987
Most recent tax filings
2023-12-01
Description
Asian Community Development Corporation creates and preserves affordable, sustainable, and healthy neighborhoods in underserved and immigrant Asian American communities in the Greater Boston region. They achieve this by building affordable housing. ACDC also runs a high school leadership program called Asian Voices of Organized Youth for Community Empowerment (A-VOYCE) which trains youth in community leadership and organizing in Chinatown and the Greater Boston area. Additionally, youth have opportunities to participate in various programs.
Total revenues
$5,068,505
2023
20192020202120222023$2m$4m$6m
Total expenses
$3,954,751
2023
20192020202120222023$1m$3m
Total assets
$37,684,634
2023
20192020202120222023$20m$30m$40m
Num. employees
12
2023
2019202020212022202301020

Program areas at Asian Community Development Corporation

The Asian Community Development Corporation (acdc) works in underserved and immigrant Asian american communities in the greater boston region to create and preserve affordable, sustainable, and healthy neighborhoods. We achieve this by building affordable homes and vibrant spaces, empowering families with asset-building tools, and strengthening communities through resident and youth leadership. Asian cdc's website provides a wealth of information and videos about its programs see the 2023 annual report at https://asiancdc.org/our-work. The building blocks program provides financial empowerment through home buying workshops, financial literacy training, matched savings program, and 1 on 1 housing counseling. Its monthly workshops program for first-time homebuyers is the only hud-approved workshop in new england that provides chinese language service on a regular basis.
Youth programs include a high school leadership program, Asian voices of organized youth for Community empowerment (a-voyce), training youth in Community leadership and organizing in chinatown and the greater boston area. Youth also have opportunities to learn about cultural identity, Community Development, and undertake placekeeping activities, which include resident-led public art projects and cultural events addressing Community power and impacts of gentrification. Asian-american identifying high school youth learn entrepreneurship skills and apply these skills through running their own youth-led business providing walking tours of chinatown and other projects.
The housing Development program works to create and preserve high quality affordable housing to meet the needs of communities of low-income Asian american populations. Acdc now has 7 properties in its portfolio that includes 344 affordable rentals.

Who funds Asian Community Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Beth Israel Deaconess Medical Center (BIDMC)Care Access And/or To Address Other Identified Community Health Needs$166,667
The Boston Foundation (TBF)Community Development$100,000
MassMutual FoundationExempt Purpose$50,000
...and 11 more grants received

Personnel at Asian Community Development Corporation

NameTitleCompensation
Angie LiouExecutive Director$103,033
Christine NguyenDirector of Development and Communications
Jeena ChangDirector of Community Programs and Design
Kyle SullivanDirector of Real Estate$113,098
Cindy LaiOffice Manager
...and 12 more key personnel

Financials for Asian Community Development Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$2,286,753
Program services$2,446,222
Investment income and dividends$163,015
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$114,078
Net gain from sale of non-inventory assets$26,375
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$32,062
Total revenues$5,068,505

Form 990s for Asian Community Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-11-13990View PDF
2021-122022-11-15990View PDF
2020-122021-09-23990View PDF
2019-122020-09-23990View PDF
...and 10 more Form 990s
Data update history
November 25, 2024
Received grants
Identified 3 new grant, including a grant for $166,667 from Beth Israel Deaconess Medical Center (BIDMC)
September 25, 2024
Updated personnel
Identified 4 new personnel
July 15, 2024
Received grants
Identified 4 new grant, including a grant for $100,000 from The Boston Foundation (TBF)
May 18, 2024
Received grants
Identified 6 new grant, including a grant for $46,651 from Boston After School & Beyond (BASB)
January 21, 2024
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Housing and shelter organizationsCharities
Issues
Human servicesCommunity improvementHousing
Characteristics
State / local levelReceives government fundingGala fundraisersTax deductible donationsAccepts online donations
General information
Address
38 Oak St
Boston, MA 02111
Metro area
Boston-Cambridge-Newton, MA-NH
County
Suffolk County, MA
Website URL
asiancdc.org/ 
Phone
(617) 482-2380
IRS details
EIN
04-2988263
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1987
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L20: Housing Development, Construction, Management
NAICS code, primary
62422: Community Housing Services
Parent/child status
Independent
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