Massachusetts · Nonprofit
ASIAN COMMUNITY DEVELOPMENT CORPORATION
ASIAN COMMUNITY DEVELOPMENT CORPORATION (Massachusetts) receives grants from 50 organizations whose IRS filings report $5,268,728 to it, the largest being Boston Foundation Inc ($1,051,825). 27 of them have funded it in more than one year.
- Revenue FY2024
- $4.8M
- Funders on record
- 50
- Grants received
- $5.3M
- Net assets
- $25M
What Asian Community Development Corporation does
Mission
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.
As stated on its FY2024 Form 990.
Programs
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 2024 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.
$1,316,371 spent$2,155,409 earned by the program48% of program spendingThe 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.
$692,060 spent$621,774 earned by the program25% of program spendingYouth 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.
$736,262 spent27% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $2,744,693.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2018 to 2019, from $7.2M to $23M (+223%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 28% · 2019 5% · 2020 5% · 2021 13% · 2022 6% · 2023 13% · 2024 18%. Grants only. Government contracts and fees sit inside program revenue.
33% of ASIAN COMMUNITY DEVELOPMENT CORPORATION’s revenue is contributions — about as donation-reliant as the typical peer (39% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Angie Liou
Executive director
Board chair
Geoffrey Why
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 5 funders to 17 funders, grant income rose $200k → $614k.
10 of 50 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 25% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of ASIAN COMMUNITY DEVELOPMENT CORPORATION’s funders (the co-funder graph). Top 30 of 50 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
ASIAN COMMUNITY DEVELOPMENT CORPORATION has a broad base — no single funder exceeds 20% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
88% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund ASIAN COMMUNITY DEVELOPMENT CORPORATION.
Largest funder’s share by year: 2017 49% · 2018 39% · 2019 54% · 2020 21% · 2021 27% · 2022 42% · 2023 27% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
46% of ASIAN COMMUNITY DEVELOPMENT CORPORATION's funders are still giving 3 years after their first grant; 54% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
73% of ASIAN COMMUNITY DEVELOPMENT CORPORATION's grant income comes from Massachusetts funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.3M arriving through sponsors registered in 7 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
ASIAN COMMUNITY DEVELOPMENT CORPORATION runs a healthier operating margin than three-quarters of the 3,978 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 3,978 housing & shelter nonprofits $1M–$10M, FY2024
Government funding ASIAN COMMUNITY DEVELOPMENT CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $568k on record — $10k federal, $558k state.
- National Endowment for the Arts$10k
- (PP) STATE AID/POL SUB$557k
- (EE) ADMINISTRATIVE EXPENSES$500
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like ASIAN COMMUNITY DEVELOPMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Massachusetts
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
74% of spending goes to programs.
Governance
Public support
86%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 18 related entities
- Hudson Street Revival LLC · disregarded
- Acdc Oak Terrace Land LLC · disregarded
- Acdc Martensen Village Holding LLC · disregarded
- Acdc Metropolitan Mm LLC · disregarded
- Acdc Metropolitan Im LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for ASIAN COMMUNITY DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds ASIAN COMMUNITY DEVELOPMENT CORPORATION?
- ASIAN COMMUNITY DEVELOPMENT CORPORATION (Massachusetts) receives grants from 50 organizations whose IRS filings report $5,268,728 to it, the largest being Boston Foundation Inc ($1,051,825). 27 of them have funded it in more than one year.
- How many funders does ASIAN COMMUNITY DEVELOPMENT CORPORATION have?
- IRS filings report 50 organizations giving $5,268,728 in grants to ASIAN COMMUNITY DEVELOPMENT CORPORATION, 27 of which have funded it in more than one year.
- Who is the largest funder of ASIAN COMMUNITY DEVELOPMENT CORPORATION?
- Boston Foundation Inc is the largest funder on record, with $1,051,825 in grants. The full list of funders is on this page.
- How can an organization like ASIAN COMMUNITY DEVELOPMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Asian Community Development →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 50 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing