ASIAN COMMUNITY DEVELOPMENT CORPORATION
38 OAK STREET, BOSTON, MA 02111 www.asiancdc.org

Total Revenue
$1,291,737
Total Expenses
$1,587,324
Net Assets
$7,005,785

Organizations Filed Purposes: TO BE A COMMUNITY-BASED ORGANIZATION SERVING THE ASIAN AMERICAN COMMUNITY OF GREATER BOSTON BY PROVIDING PHYSICAL, ECONOMIC AND LEADERSHIP DEVELOPMENT.

REAL ESTATE ACDC WORKS TO ENSURE ADEQUATE, HIGH QUALITY AFFORDABLE HOUSING TO MEET THE NEEDS OF COMMUNITIES OF HIGH ASIAN AMERICAN POPULATIONS. ACDC NOW HAS FIVE PROPERTIES IN ITS PORTFOLIO THAT INCLUDES 756 HOMES OF WHICH 375 ARE AFFFORDABLE. THREE DEVELOPMENTS IN CHINATOWN ACCOUNT FOR 702 NEWLY BUILT HOMES.

COMPREHENSIVE HOUSING OPPORTUNITIES PROGRAM (CHOP) PROVIDES THE COMMUNITY WITH FINANCIAL EMPOWERMENT THROUGH HOME BUYING WORKSHOPS, FINANCIAL MANAGEMENT TRAINING AND 1 ON 1 HOMEBUYING COUNSELING. ITS MONTHLY WORKSHOPS FOR FIRST-TIME HOMEBUYERS IS THE ONLY HUD-APPROVED WORKSHOP IN NEW ENGLAND THAT PROVIDES CHINESE LANGUAGE SERVICE ON A REGULAR BASIS. 336 PEOPLE COMPLETED OUR FIRST-TIME HOMEBUYER WOKSHOP IN 2017, OVER A HALF OF WHOM WERE CHINESE SPEAKING CLIENTS. MOREOVER, 45 HOUSEHOLDS PURCHASED A HOME AFTER ATTENDING THE WORKSHOP. ACDC'S HOUSING COUNSELORS ALSO PROVIDE 1-ON-1 HOMEBUYER COUNSELING. CHOP ALSO PROVIDES POST-PURCHASE WORKSHOPS TO ASSIST HOMEOWNERS IN AREAS OF ENERGY EFFICIENCY, TAX REPORTING AND IDENTITY THEFT PROTECTION. ACDC ALSO LAUNCHED A MATCHED SAVINGS PROGRAM WHERE ELIGIBLE PARTICIPANTS WHERE ACDC PROVIDED A DOLLAR FOR DOLLAR MATCH FOR EVERY DOLLAR THAT PARTIPANTS SAVE IN THEIR QUALIFIED MATCHED SAVINGS ACCOUNT.

YOUTH ACDC PROVIDES 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. THEY LEARN ABOUT CULTURAL IDENTITY, COMMUNITY DEVELOPMENT, AND PERFORM PLACEMAKING ACTIVITIES. OVER 100 YOUTH WERE INVOLVED IN 2017. YOUTH LEARN ENTREPRENEURSHIP SKILLS AND APPLY THESE SKILLS THROUGH RUNNING THEIR OWN YOUTH-LED BUSINESS PROVIDING WALKING TOURS OF CHINATOWN.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Angie LiouEXECUTIVE DIRECTOR40$119,615
Hamilton HoCHIEF OPER. OFFICER40$88,837
Yongmei ChenDIRECTOR1$0
Steven ChenDIRECTOR1$0
Rebecca A LeeDIRECTOR1$0
Peter MadsenDIRECTOR1$0
Paul W LeePRESIDENT1$0
Nick ChauDIRECTOR1$0
Michael S GrecoCLERK1$0
Kenneth FanDIRECTOR1$0
Karen SoohooDIRECTOR1$0
Justin KangDIRECTOR1$0
Jeffrey WongTREASURER1$0
Geoffrey WhyVICE TREASURER1$0
Eugene HoDIRECTOR1$0
Amy CheungDIRECTOR1$0
Amanda LinehanDIRECTOR1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/201913179349303566_public.xml