2026-06-16T08:00:07-07:00 2025-02-28 810926770 NCHENG LLP CERTIFIED PUBLIC ACCOUNTANTS 40 WALL ST 32ND FL NEW YORK NY 10005 990 2025-01-01 223711536 FRIENDS OF GRACE SENIORS INC DBA KOREAN COMMUNITY CENTER FRIE 2125411200 100 GROVE STREET TENAFLY NJ 07670 MYOUNGMI KIM President & CEO 2026-06-16 true Nina Bahazhevska P00468170 2127850100 2025 2025-03-06 01:10:19Z X MYOUNGMI KIM 100 GROVE STREET TENAFLY NJ 07670 90620 false X www.kcsus.org X 2000 NJ To promote healthy and independent living for all ages and to integrate the people with Korean Heritage into the greater community through culture and education, outreach, health and social services,and civic advocacy. X 4 4 12 0 349755 48796 519081 40850 8 8993 966 877829 90620 0 0 526473 53093 0 13047 948361 85038 1474834 138131 -597005 -47511 5156702 0 5410662 0 -253960 0 To promote healthy and independent living for all ages and to integrate the people with Korean Heritage into the greater community through culture and education, outreach, health and social services,and civic advocacy. false false 113007 40850 Provided educational, cultural, and physical wellness programs through classes at the center. Assisted parents and children/youth promoting pride in themselves through seminar, counseling and other activities. Qualified instructors were recruited, and professional services were provided. Provided senior care service through care management program, information, assistance, and benefit screening. Provided preventive health services including community health disparity prevention program, aging and disability resource centers care management program, health screening, health education, and immunization services. Advertised programs in the web and newspaper to induce public to join the programs. Performed art contest to create opportunities for the children, middle and high school students of KCC family members to receive recognition, encourage personal growth and confidence, offer professional development, meet and network with young professionals, etc. Secure building space for the program services. 113007 true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false true 5 0 true 12 true false false false false false false false 0 false false false false false false false X 4 4 false false false false false false false true false false false true false true true true false false X The Organization 2015411200 100 Grove Street Tenafly NJ 07670 KYUNGMUN NAM CEO 40.00 0.00 X 6385 0 0 JUNGHYE AHN Dir Health&Soc 40.00 0.00 X 5321 0 0 SEUNGHEE KANG Dir Oper&Comm 40.00 0.00 X 5214 0 0 IL KYUNG SONG Creative Dir. 40.00 0.00 X 4256 0 0 YOUNG DECK LEE Care Manager 40.00 0.00 X 4150 0 0 KEVIN SHIM Secretary 1.00 0.00 X X 0 0 0 CONNIE CHOI Trustee 1.00 0.00 X 0 0 0 JASON CHON Trustee 1.00 0.00 X 0 0 0 DAVID LEE Trustee 1.00 0.00 X 0 0 0 MYOUNGMI KIM President & CEO 40.00 0.00 X 0 0 0 25326 0 false false false 0 16816 31980 48796 Educational class fees 611710 40850 40850 40850 8 8 0 0 0 0 0 0 0 Other income 900099 966 966 966 90620 41816 8 0 0 0 0 25326 15148 4810 5368 0 23347 23347 0 0 4420 3496 437 487 188 188 0 0 0 0 0 0 0 3863 3055 382 426 806 638 79 89 0 2980 2357 294 329 0 0 1354 1071 134 149 35345 27954 3493 3898 0 15596 12335 1541 1720 4032 3189 398 445 Program supplies 19261 19261 Repairs and maintenance 895 708 88 99 Bank charges and fees 388 388 dues and registrations 330 260 33 37 0 138131 113007 12077 13047 57624 0 0 0 0 0 0 0 0 0 5080867 0 0 0 0 18211 0 0 5156702 0 36134 5374528 5410662 0 X -253960 -253960 0 5156702 0 X -47511 301471 X false false false X 430684 215443 320247 349755 48796 1364925 289636 293326 447640 519081 40850 1590533 0 0 0 720320 508769 767887 868836 89646 2955458 0 0 2955458 8 8 0 8 8 0 71684 460 1286 965 74395 792004 509229 767887 870122 90619 3029861 0.97540 0.97500 0.00000 0.00210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED CASH AND CASH EQUIVALENTS 2025-02-10 42605 Actual amount 237348989 203-05 32ND AVENUE BAYSIDE NY 11361 501(C)(3) LAND AND BUILDING 2025-02-10 7100000 Apraised FMV 237348989 203-05 32ND AVENUE BAYSIDE NY 11361 501(C)(3) false true false false true true true true false false Sch N, Part III, Additional Information PART I, LINE 2E - NAME AND EXPLANATION FOR INVOLVEMENT IN SUCCESSOROFFICERS:MYOUNGMI KIMFOLLOWING THE MERGER, THESE INDIVIDUALS WILL CONTINUE SERVING IN THE SAME CAPACITIES WITH KOREAN COMMUNITY SERVICES OF METROPOLITAN NEW YORK, INC., THE SUCCESSORORGANIZATION. THEIR POSITIONS WITH THE SUCCESSOR ORGANIZATION ARE CONTINUING ROLESAND WERE NOT NEWLY CREATED AS A RESULT OF THE MERGER.PART III - ADDITIONAL INFORMATIONOn February 10, 2025, Friends of Grace, Inc. legally merged with Korean Community Services of Metropolitan New York, Inc. pursuant to a Certificate of Merger filed under the New York Not-for-Profit Corporation Law. Korean Community Services of Metropolitan New York, Inc. is the surviving corporation.As of the merger date, substantially all assets and liabilities of Friends of Grace, Inc., including real property with an appraised fair market value of approximately $7.1 million, related mortgage obligations of approximately $3.4 million, and SBA loan obligations of approximately $2.0 million, were transferred to and assumed by Korean Community Services of Metropolitan New York, Inc. Certain accounts and legal titles remain in the process of being administratively retitled as of the filing date. Form 990, Part VI, Section B, Line 11b Prior to filing with the IRS, the completed form 990 draft is reveiwed by the Chief executive officer and filed upon approval. Form 990, Part VI, Section B, Line 15a THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER DETERMINES DIRECTORS AND MANAGER'S COMPENSATION BASED ON THE DATA AS TO THE COMPARABLE COMPENSATION FOR SIMILIARY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS ONCE A YEAR, GENERALLY ATTHE BEGINNING OF THE YEAR. Form 990, Part VI, Section C, Line 19 Organization documents available upon request. Form 990, Part XI, Line 9 MERGER & TRANSFER OF NET ASSETS TO KOREAN COMMUNITY SERVICES = $301471